AmEx Cash Rebate Credit Card Tips
Author: Eugene
Posted: Thu Jun 10, 2004 10:56 am
Post subject: AmEx Cash Rebate Credit Card Tips
11/9/2002 12:03 am CDT
I am thinking of switching to this card for all of my spending, and I have a couple of questions that their customer service has a problem answering, but card holders will probably easily know.
AmEx separates all purchases into everyday category with maximum 3% rebate, and non-everyday spending with 1.5% maximum rebate if you do not carry a balance (I am going to pay in full every month, of course).
I know they mention your points on every statement, but do they mark each purchase on the statements or on the web site "everyday" or "non-everyday"? Which category do US savings bond purchases fall into? Do you earn rebate on savings bonds at all?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: mouse
Posted: Thu Jun 10, 2004 10:56 am
Post subject: AmEx Cash Rebate Credit Card Tips
11/9/2002 3:57 pm CDT
1 Your annual cash reward for everyday purchases at stand-alone U.S. supermarkets, drugstores, gas stations and home improvement stores is up to 3%. Your annual cash reward for all other purchases is up to 1.5%. You will receive an additional rebate of up to 2% for purchases in months in which your account carries a balance. Your cash rewards are limited to $50,000 of eligible spending.
Author: Ira
Posted: Thu Jun 10, 2004 11:02 am
Post subject: AmEx Cash Rebate Credit Card Tips
11/15/2002 11:52 pm CDT
Eugene,
I just started using this card for some large purchases to take advantage of their 0% interest for six months offer. On my first statement there were only "purchases" with no designation as to whether they fell into category A (Everyday) or category B (non-everyday). It would make sense for them to indicate which is which on every purchase, but apparently for whatever reason they don't do that.
I will carry a balance for a few months (why not? The interest rate is 0%!), and it will be interesting to see if they give me the additional 2%. I'm betting that they will, but stay tuned on that one.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Eugene
Posted: Thu Jun 10, 2004 11:03 am
Post subject: AmEx Cash Rebate Credit Card Tips
11/17/2002 11:44 am CDT
I just started using this card for some large purchases to take advantage of their 0% interest for six months offer.
Yeah, I am going to do the same. I already applied for it, waiting for the card in the mail.
On my first statement there were only "purchases" with no designation as to whether they fell into category A (Everyday) or category B (non-everyday). It would make sense for them to indicate which is which on every purchase, but apparently for whatever reason they don't do that.
I strongly suspect this disclosure is not good for them because customers would understand that their rebate structure is not as good as it may look at first glance. It is still good compared to other offers out there, though, so I took it.
Posted: Thu Jun 10, 2004 10:56 am
Post subject: AmEx Cash Rebate Credit Card Tips
11/9/2002 12:03 am CDT
I am thinking of switching to this card for all of my spending, and I have a couple of questions that their customer service has a problem answering, but card holders will probably easily know.
AmEx separates all purchases into everyday category with maximum 3% rebate, and non-everyday spending with 1.5% maximum rebate if you do not carry a balance (I am going to pay in full every month, of course).
I know they mention your points on every statement, but do they mark each purchase on the statements or on the web site "everyday" or "non-everyday"? Which category do US savings bond purchases fall into? Do you earn rebate on savings bonds at all?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: mouse
Posted: Thu Jun 10, 2004 10:56 am
Post subject: AmEx Cash Rebate Credit Card Tips
11/9/2002 3:57 pm CDT
1 Your annual cash reward for everyday purchases at stand-alone U.S. supermarkets, drugstores, gas stations and home improvement stores is up to 3%. Your annual cash reward for all other purchases is up to 1.5%. You will receive an additional rebate of up to 2% for purchases in months in which your account carries a balance. Your cash rewards are limited to $50,000 of eligible spending.
Author: Ira
Posted: Thu Jun 10, 2004 11:02 am
Post subject: AmEx Cash Rebate Credit Card Tips
11/15/2002 11:52 pm CDT
Eugene,
I just started using this card for some large purchases to take advantage of their 0% interest for six months offer. On my first statement there were only "purchases" with no designation as to whether they fell into category A (Everyday) or category B (non-everyday). It would make sense for them to indicate which is which on every purchase, but apparently for whatever reason they don't do that.
I will carry a balance for a few months (why not? The interest rate is 0%!), and it will be interesting to see if they give me the additional 2%. I'm betting that they will, but stay tuned on that one.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Eugene
Posted: Thu Jun 10, 2004 11:03 am
Post subject: AmEx Cash Rebate Credit Card Tips
11/17/2002 11:44 am CDT
I just started using this card for some large purchases to take advantage of their 0% interest for six months offer.
Yeah, I am going to do the same. I already applied for it, waiting for the card in the mail.
On my first statement there were only "purchases" with no designation as to whether they fell into category A (Everyday) or category B (non-everyday). It would make sense for them to indicate which is which on every purchase, but apparently for whatever reason they don't do that.
I strongly suspect this disclosure is not good for them because customers would understand that their rebate structure is not as good as it may look at first glance. It is still good compared to other offers out there, though, so I took it.
posted by CardRatings.com at 7:37 PM
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