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What triggers Amex SUB payout?

KJinNC
Valued Contributor

What triggers Amex SUB payout?

I received an Amex Gold in mid July. The SUB is 50,000 points/$2,000 spend/3 months.

 

I received my first statement over the weekend, with a payment due date of Aug. 28. The statement included $1,929 in spending, with all but about $270 paid (I have made six payments already, paying to zero frequently and then using the card beyond that point).

 

I paid off the statement amount and today, I paid an extra $75 to get over the $2,000 threshold - $2,004 paid to date. I have another $150 or so balance right now as some other charges came out of Pending.

 

My question is, when should I see the 50K MR points show up? When the statement closes, or will I need to wait an extra month because my statement spend was below $2k? Or sooner, as soon as I have $2k of payments processed? Or other?

 

Thanks!


FICO Resilience Index: 66. Cards: 13/24, 2/12, 2/6. Accounts including loans: 14/24, 3/12, 2/6. At first accidentally, later deliberately, I used what I call the "thick-start" build method, which leads to heavy credit-seeking for a while with the goal of coming out of it without needing to build a thin profile for years. There are pros and cons. Thread describing method
Cards (oldest to newest)


Authorized user / Corporate / Auto loan / Personal loan

Card CLs total $144,100, not counting the AU card. The AU card brings the total to $170,600. In March 2019, card CLs totaled $0.
CU and bank memberships: Coastal Credit Union, member since 1987, direct deposit; PenFed, member since 2019; Navy Federal, member since 2020; USAA, member since 2020; Chase Bank, member since 2020.

Closed but still on reports: American Express Delta Gold, $1,000, 09/19-10/20 | American Express Hilton Aspire, $3,100, 09/19-12/20 | Citi secured, $200, 04/19-09/19 | Capital One secured, $300, 04/19-08/19 | My Jewelers Club, $5,000, 05/19-08/19 | Green Dot Primor, $300, 05/19-08/19 | Self Lender secured $500 loan, 04/19-01/20 | Unsecured personal loan from Coastal, $1,000, 06/19-08/19.
Note: My signature is updated frequently, and updates appear on all instances of my signature including on old posts.
Message 1 of 19
18 REPLIES 18
ImTheDevil
Community Leader
Super Contributor

Re: What triggers Amex SUB payout?

You’ll get it once $2000 worth of transactions post to your card account. Amex pays SUBs quickly - you’ll probably have it within a day of hitting the spend.


Platinum NPSL | Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | FNBO Prime Visa | PenFed PCR | Navy cashRewards | Navy Platinum | Apple | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | Key Bank auto loan (2017 Audi A6 Premium Plus S-Line)





Message 2 of 19
blindambition
Community Leader
Senior Contributor

Re: What triggers Amex SUB payout?


@ImTheDevil wrote:
You’ll get it once $2000 worth of transactions post to your card account. Amex pays SUBs quickly - you’ll probably have it within a day of hitting the spend.

This is generally true. T/C does state to allow 8-12 weeks for SUB to post. Did you check to verify your account was flagged for SUB?

Message 3 of 19
KJinNC
Valued Contributor

Re: What triggers Amex SUB payout?


@blindambition wrote:

Did you check to verify your account was flagged for SUB?

No, how do I check? Thanks!


FICO Resilience Index: 66. Cards: 13/24, 2/12, 2/6. Accounts including loans: 14/24, 3/12, 2/6. At first accidentally, later deliberately, I used what I call the "thick-start" build method, which leads to heavy credit-seeking for a while with the goal of coming out of it without needing to build a thin profile for years. There are pros and cons. Thread describing method
Cards (oldest to newest)


Authorized user / Corporate / Auto loan / Personal loan

Card CLs total $144,100, not counting the AU card. The AU card brings the total to $170,600. In March 2019, card CLs totaled $0.
CU and bank memberships: Coastal Credit Union, member since 1987, direct deposit; PenFed, member since 2019; Navy Federal, member since 2020; USAA, member since 2020; Chase Bank, member since 2020.

Closed but still on reports: American Express Delta Gold, $1,000, 09/19-10/20 | American Express Hilton Aspire, $3,100, 09/19-12/20 | Citi secured, $200, 04/19-09/19 | Capital One secured, $300, 04/19-08/19 | My Jewelers Club, $5,000, 05/19-08/19 | Green Dot Primor, $300, 05/19-08/19 | Self Lender secured $500 loan, 04/19-01/20 | Unsecured personal loan from Coastal, $1,000, 06/19-08/19.
Note: My signature is updated frequently, and updates appear on all instances of my signature including on old posts.
Message 4 of 19
Obscure-Expert
Valued Contributor

Re: What triggers Amex SUB payout?

Hop on chat and ask.

500K+ TCL / 800+ FCOs
Message 5 of 19
MakingProgress
Senior Contributor

Re: What triggers Amex SUB payout?


@KJinNC wrote:

I received an Amex Gold in mid July. The SUB is 50,000 points/$2,000 spend/3 months.

 

I received my first statement over the weekend, with a payment due date of Aug. 28. The statement included $1,929 in spending, with all but about $270 paid (I have made six payments already, paying to zero frequently and then using the card beyond that point).

 

I paid off the statement amount and today, I paid an extra $75 to get over the $2,000 threshold - $2,004 paid to date. I have another $150 or so balance right now as some other charges came out of Pending.

 

My question is, when should I see the 50K MR points show up? When the statement closes, or will I need to wait an extra month because my statement spend was below $2k? Or sooner, as soon as I have $2k of payments processed? Or other?

 

Thanks!


An extra payment will not trigger the SUB, new charges of $2K or more not including cash advances will trigger the SUB.  




FICO 8 Starting Score

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Garden Goal is All Reports Clean – Achieved 11/26/20


Message 6 of 19
ImTheDevil
Community Leader
Super Contributor

Re: What triggers Amex SUB payout?

And the AF does not count toward it either.


Platinum NPSL | Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | FNBO Prime Visa | PenFed PCR | Navy cashRewards | Navy Platinum | Apple | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | Key Bank auto loan (2017 Audi A6 Premium Plus S-Line)





Message 7 of 19
blindambition
Community Leader
Senior Contributor

Re: What triggers Amex SUB payout?


@KJinNC wrote:

@blindambition wrote:

Did you check to verify your account was flagged for SUB?

No, how do I check? Thanks!


Either through chat, or call. Just say you’re confirming your account shows a SUB offer.

Message 8 of 19
KJinNC
Valued Contributor

Re: What triggers Amex SUB payout?

Thanks, all - I'm on chat now. Confirmed the SUB, and it looks like I am $310 away from qualifying.

 

That is mostly because I was including the annual fee in the amounts I quoted earlier. The remainder is probably what has or hasn't posted so far. Basically, another $250 of spend/payment should trigger it.

 

She said I do not need to wait for another statement.

 

Thanks!


FICO Resilience Index: 66. Cards: 13/24, 2/12, 2/6. Accounts including loans: 14/24, 3/12, 2/6. At first accidentally, later deliberately, I used what I call the "thick-start" build method, which leads to heavy credit-seeking for a while with the goal of coming out of it without needing to build a thin profile for years. There are pros and cons. Thread describing method
Cards (oldest to newest)


Authorized user / Corporate / Auto loan / Personal loan

Card CLs total $144,100, not counting the AU card. The AU card brings the total to $170,600. In March 2019, card CLs totaled $0.
CU and bank memberships: Coastal Credit Union, member since 1987, direct deposit; PenFed, member since 2019; Navy Federal, member since 2020; USAA, member since 2020; Chase Bank, member since 2020.

Closed but still on reports: American Express Delta Gold, $1,000, 09/19-10/20 | American Express Hilton Aspire, $3,100, 09/19-12/20 | Citi secured, $200, 04/19-09/19 | Capital One secured, $300, 04/19-08/19 | My Jewelers Club, $5,000, 05/19-08/19 | Green Dot Primor, $300, 05/19-08/19 | Self Lender secured $500 loan, 04/19-01/20 | Unsecured personal loan from Coastal, $1,000, 06/19-08/19.
Note: My signature is updated frequently, and updates appear on all instances of my signature including on old posts.
Message 9 of 19
Obscure-Expert
Valued Contributor

Re: What triggers Amex SUB payout?

Yeah, it's not based on the statements at all.  It's based on the posted charges minus the AF.  aka Net Spend that posts

500K+ TCL / 800+ FCOs
Message 10 of 19
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