American Express Cardholders, Get $2,500 Credit for Refinancing with Quicken Loans
American Express is targeting some credit cardholder with an offer for a $2,500 statement credit for refinancing their mortgage. The offer is tied to a specific American Express card. In order to get the bonus you need to refinance with Quicken Loans. The offer is available until October 2020. Now there is also a new offer for Rocket Mortgage.
This offer is different from a credit card sign up or a bank offer. Refinancing your mortgage just to get a bonus is not a great idea. You need to crunch some numbers. If you received such as offer, you should really sit down, check the rate you have for your mortgage, what Quicken Loans can offer, and what fees are involved. The person who posted this offer on reddit already has the mortgage at Quicken Loans, which would make refinancing cheaper. Plus with the falling interest rates, some people could find that they can get a better deal even with the fees and closing costs that come with refinancing.
This is a targeted offer, likely sent to Americn Express cardholders who have a mortgage. The bonus alone is probably not enough reason to refinance. But if the numbers work out and refinancing makes sense for you, then an extra $2,500 makes it much better. You could also try contacting American Express and ask for the offer if you are interested.
Let me know if you received this offer, or what you think about it? Anyone has dealt with Quicken Loans for mortgages in the past?