Did you recently open an American Express card and are now worried about making the minimum spend to earn the bonus? Amex is giving you an extension.
The credit card company is giving a three-month extension to meet the minimum spend requirement on most personal and business cards approved between Dec. 31, 2019 and May 31, 2019. That means you’ll automatically have six months to earn the bonus points or miles on any new American Express credit card. The news was first reported by The Points Guy.
The extensions apply to cards like the Platinum Card from American Express or the American Express Gold Card, as well as co-branded cards from Delta, Hilton, Marriott, and others. It takes the pressure off to rack up expenses for the sole purpose of earning points – always a bad idea, but particularly bad during an economic downturn when many Americans are hurting financially.
“Due to the impact of COVID-19, for eligible Card accounts approved from December 31, 2019 through May 31, 2020 for which you are eligible for a welcome offer, the period to make eligible purchases to earn your welcome bonus will be extended for an additional 3 months,” American Express said.
This is great news if you have recently opened (or may soon open) an American Express credit card and are working towards the minimum spending requirement to earn the bonus. You now have six months to meet the spending requirement instead of the standard three months.
And since this new policy applies for all new American Express card applications through May 31, 2020, it may make sense to go after a card with a higher spending requirement that you may not normally be able to meet. Take, for example, the Platinum Card from American Express.
The card offers a welcome offer bonus of 60,000 Membership Rewards points after spending $5,000 in the first three months. Spending $5,000 in the first three months of card membership may be out of reach for many. But with this new policy, you now have six months to meet that same $5,000 spending requirement – making it much more digestible. And make sure to see if you are eligible for the 100,000 point welcome offer bonus.
Click Here to learn more about the Platinum Card from American Express.
Or take the American Express Gold Card. It’s another one of our favorite Membership Rewards earning cards from American Express and it offers a bonus of 35,000 points after spending $4,000 in the first three months of card membership. Through May 31, you will now have six months to meet that same $4,000 spending requirement.
Click Here to learn more about the American Express Gold Card.
If you have recently opened or are thinking about opening an American Express card, you’ve now got more time to meet the spending requirement. This is a great move from Amex that will take some of the pressure off to spend more at a time when that just got much harder for many.