american express welcome bonuses The offer: Earn $200 cash back after you spend $1,000 in eligible purchases on your new card within your first three months from account opening.
How much is 125k amex points worth?
We generally value membership rewards points at about 2.2 cents per point, which means that a 100,000 Membership Rewards points bonus offer is worth ~$2,200, a 125,000-point bonus is worth ~$2,750 , and a 150,000-point bonus is worth $3,300.
How much are 100 000 Amex points worth?
100,000 points go a long way According to travel website The Points Guy’s valuations, Amex points are worth 2 cents apiece That means the Amex Platinum’s 100,000-point bonus is worth $2,000. That’s huge, the bonus alone is worth nearly four years of annual fees!.
How much is 150k Amex points worth?
Amex Platinum Card Welcome Offer We generally value Membership Rewards points at about 2.2 cents per point, which means that a 100,000-points bonus offer is worth ~$2,200, a 125,000-point bonus is worth ~$2,750, and a 150,000-point bonus is worth $3,300.
How much is 85000 Amex points worth?
With the 85,000-point welcome offer, you can get up to $1,309 of flights You’ll initially redeem your points at a rate of one cent each.
Does Amex have a 5 24 rule?
While American Express doesn’t have a “5/24” rule like Chase does, the issuer does limit welcome offer eligibility based on your card history, nominally, you’re eligible for one welcome offer per credit card “per lifetime,” but it’s not necessarily as simple as that.
How do you get American Express 75k gold?
You can qualify for a welcome bonus of up to 75,000 points on the American Express Gold Card after spending $4,000 within the first three months of card membership That’s another 15,000 points more than the standard bonus and the highest offer we’ve ever seen for this card.
Is Amex Gold worth it?
Is the American Express Gold Card worth the annual fee? If you make use of the card’s annual credits and you spend a lot on dining and groceries, the card can be well worth the $250 fee If you’re not maximizing the credits and bonus categories, another card could be a better choice.
How often can I get Amex bonus?
For each American Express card, you only have one opportunity to earn a welcome bonus. Or, as it’s better known, Amex applies a “ once per lifetime ” rule. However, as we will show you, you don’t necessarily only have one shot at a welcome bonus per card.
Do Amex points expire?
Membership Rewards® points have no expiration date However, points may be forfeited as described in the program Terms and Conditions.
Is new Amex platinum worth it?
Is the Amex Platinum worth it? The American Express Platinum Card, known for its prestigious benefits and sleek appearance, is a card worth bragging about. Between the numerous travel benefits, reputable concierge service and consumer protections, the card is worth considering if you can stomach the steep annual fee.
Can you convert Amex points to cash?
You can exchange Membership Rewards points for cash or gift cards , but keep in mind that this is usually a pretty terrible value compared to other redemption options. Different merchant gift cards have different prices and values for your points.
How do I maximize my Amex points?
- Introductory Welcome Offers.
- Flights Booked With Airlines.
- Earn on Purchases Through Amex Travel.
- Earn Points at Supermarkets.
- Earn Points on Dining.
- Earn Points at Gas Stations.
- Frequent Transaction Bonuses. Earn Lots of Membership Rewards With American Express Business Cards
- Introductory Welcome Offers.
How do I get an Amex platinum card?
While there is no set score needed, we recommend you have a credit score of at least 720, 2 years of clean credit history, and an income of at least $50,000 per year to apply for the Amex Platinum card.
Is the amex gold card metal?
The American Express ® Gold Card is constructed with a mix of materials that include stainless steel , just like the Platinum Card. The difference is that the Gold Card is slightly lighter and features its signature gold color.
How much is 75k Amex points worth?
Amex Gold 90,000- or 75,000-point offers Those targeted for the 75,000-point offer will have the same spending requirement and timeline. TPG values 90,000 Membership Rewards points at an impressive $1,800, while 75,000 points are worth a solid $1,500.
Can I have 2 Amex cards?
Currently, you can have up to five American Express consumer credit cards at one time It is important to note that American Express offers multiple types of cards, business cards and consumer cards, and that the rule only applies to consumer cards where you are the primary cardholder.
How much is 500000 Amex points worth?
Exchange 2 points for 3 Marriott Points, meaning 500,000 Membership Rewards points is worth 750,000 Marriott points to spend on travel. Redeem 70,000 points for one night at a category 8 hotel during off-peak dates, 85,000 points per night during normal dates and 100,000 points during peak times.
How do you get the 100k Amex Platinum offer?
You can earn 100,000 Membership Rewards® Points when you spend $6,000 on purchases on the card in your first six months of card membership If you redeem the rewards for a 1:1 value, this is worth $1,000.
How much is 200000 Amex points worth?
While 200K Amex points will typically only give you about $2,000 in value when you shop for flights in the Amex travel portal, you can sometimes find Business or First Class flights, that can normally cost over $10,000, for only 200K points, when transferred to a frequent flyer program.
Does Amex Platinum have a limit?
American Express Platinum has no preset credit limit That means the amount you can spend may change from month to month based on your usage of the card, credit history, income and more.
How do you get a gold American Express card?
In order to get the Amex Gold card, you will have to meet the credit score requirement, have a steady income and be at least 18 years old You’ll also need to have an SSN or ITIN. Keep in mind that even if you meet all of the requirements for the Amex Gold card, you’re never guaranteed to be approved.
Can I carry a balance on Amex Platinum?
The Platinum Card® from American Express was introduced as a charge card, meaning your balance was due in full every month. However, cardholders can now carry a balance on certain purchases with American Express’s Pay Over Time feature , which allows the card to function more like a traditional credit card.
How much are Amex points worth on Amazon?
You can redeem Membership Rewards points to buy items on Amazon through the Amazon Shop with Points program. Points are worth 0.7 cent each this way, meaning that if you have 10,000 points, you can exchange them for $70 worth of Amazon merchandise. There’s no minimum redemption amount.
Can you use your American Express points to pay your bill?
Cardholders will be able to repay their outstanding balance using the points by logging into their online account or mobile banking app To redeem their points spenders will just need to select the transaction they wish to pay for.
Can I downgrade Amex Platinum?
To downgrade the American Express Platinum card, call customer service at (800) 528-4800 or the number on the back of your card There is no option to downgrade online or via mail. You can downgrade from the American Express Platinum card to either the American Express® Gold Card or the American Express® Green Card.
How many Amex points do I need for a first class flight?
This is certainly an aspirational flight, and tickets routinely sell for $10,000 one-way. If you booked through Amex Travel, you’d have to pay at least 700,000 points just for a one-way flight. If you used transfer partners, you could pay as little as 50,000 points, a savings of nearly 93%.
How many Amex points do you earn per dollar?
Generally, you can earn one point for every dollar you spend , while some Cards award more points for spending at particular locations or for the number of purchases made on that Card within a billing period.
Does too many credit cards hurt credit score?
Having a lot of credit cards can hurt your credit score under any of the following conditions: You are unable to service your current debt. Your outstanding debt is more than 30% of your total available credit1 You have added too many cards in too short a time.
How often does Amex increase your credit limit?
Does American Express automatically increase credit limits? American Express may automatically increase your credit limit as often as every six to 12 months However, just because you haven’t received an automatic increase doesn’t mean you’re not eligible. You should reach out to American Express to see if you qualify.
How many credit cards is too many credit cards?
How many credit accounts is too many or too few? Credit scoring formulas don’t punish you for having too many credit accounts, but you can have too few. Credit bureaus suggest that five or more accounts , which can be a mix of cards and loans, is a reasonable number to build toward over time.
Is Amex Gold hard to get?
Yes, it is hard to get the American Express® Gold Card because it requires at least good credit for approval Unless your credit score is 700 or higher and you have a lot of income, it will be very hard for you to get approved for the Amex Gold card.
What is the highest Amex Gold offer?
AmEx Gold Card basics The current welcome offer is among the highest the American Express Gold Card has ever fielded: 60,000 Membership Rewards points after spending $4,000 on purchases within the first six months.
Can I have both Amex Gold and Platinum?
Having both the Amex Gold and Amex Platinum can make sense if you use both cards enough to offset the annual fees You can use the American Express® Gold Card for its dining credits and 4x purchase rewards on dining and supermarket purchases.
What income do you need for Amex Gold?
American Express does not disclose a specific income requirement , but it will need to be enough to make payments on the card and to afford the $250 annual fee.
What is the 5 24 rule?
What is the 5/24 rule? Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase’s 5/24 rule means that you can’t be approved for most Chase cards if you’ve opened five or more personal credit cards (from any card issuer) within the past 24 months.
How much do you need to spend to make Amex worth it?
This requires more work and even more spending, approximately $6,250 to $25,000 in purchases is required to offset the annual fee, depending on the categories you spend in. The quickest way to recoup the Amex Gold’s annual fee is to spend a combined $6,250 at U.S. supermarkets and restaurants.
Can I get two Amex Platinum bonuses?
You can only earn the welcome bonus for each American Express card once per lifetime However, each flavor of the Amex Platinum card is considered an entirely different product.
How long does it take to get American Express bonus?
Welcome bonus: Officially, American Express pays welcome bonuses “ 8-12 weeks ” after meeting the minimum spend. But in most cases, we see the bank pay out welcome bonuses on both its Membership Rewards cards and cobranded cards within a few days of minimum spend being met. So you shouldn’t have to wait long.
How long does it take to get Amex welcome bonus?
Points will be credited to your Program account within 8-12 weeks after you have met the spending requirement.
What happens to my points if I cancel my Amex?
If you cancel and don’t have another Amex Membership Rewards card (like the American Express® Gold Card), you’ll lose all the points you’ve accumulated Unfortunately, you can’t work around this by transferring your Amex points to a spouse or anyone else with an Amex Membership Rewards points account.
Do Amex points have a limit?
Membership Rewards points are our way of saying ‘thank you’ every time you spend on your Card. The way we see it, you’ve earned them, so you should be able to use them however you want. There are no limits to how many you can earn and they never expire.
Can I convert Amex points to Avios?
Transfers to Avios The Amex offers for both British Airways Executive Club and Aer Lingus Aer Club involve 40% bonuses when you convert Membership Rewards to Avios That means the transfer is happening at a 1:1.4 ratio, so if you transfer 1,000 Amex points, you’d get 1,400 Avios.
Sources
https://upgradedpoints.com/credit-cards/reviews/american-express-platinum-card/100k-offer/
https://www.cnbc.com/select/american-express-welcome-bonus-comparison/
