Amex Rewards Checking

[Mdowning30]

Last night i re-viewed a few videos earlier this year talking about the Amex Rewards Checking account. After looking at the 0.60% interest earning and 1 MR point per $2, i went ahead and got approved for it, should be getting the Debit card by next week and already transfered some funds over. No minimum is required and no monthly fees, or direct deposit needed. I just linked my Chase account.

Picture this, their's a few things that i cant use my CC's for so i use Debit here and there for example my rent. I have to purchase a money order to pay my rent, since i shouldn't do that with a CC, i can use this DEBIT card to pay for the money order and earn MR points for it. Same thing for my utilities, and paying off other cards. I dont have any other MR reward cards yet.

[Anonymous]

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@Mdowning30 wrote:

Last night i re-viewed a few videos earlier this year talking about the Amex Rewards Checking account. After looking at the 0.60% interest earning and 1 MR point per $2, i went ahead and got approved for it, should be getting the Debit card by next week and already transfered some funds over. No minimum is required and no monthly fees, or direct deposit needed. I just linked my Chase account.

Picture this, their's a few things that i cant use my CC's for so i use Debit here and there for example my rent. I have to purchase a money order to pay my rent, since i shouldn't do that with a CC, i can use this DEBIT card to pay for the money order and earn MR points for it. Same thing for my utilities, and paying off other cards. I dont have any other MR reward cards yet.

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Check the terms.   While it is certainly easier to buy a money order with a (non-gift) debit card than with a credit card, it looks like the MR program says it will not give rewards on purchases of cash or cash equivalents.   So if they know it is a money order, they MAY not give the rewards.

[Mdowning30]

@Anonymous Ill keep that in mind and try it out, i just used it to pay down my CS Investor card. Ill update with how many MR points i earned. I also linked it to all my other cards as a payment option.