Amex has added Cell Phone Protection as a new benefit for eligible U.S. Consumer and Small Business Cards, inclusive of protection against screen damage, which is typically excluded from damage coverage.
While some information about the investigation into the business credit card sale was already known, the consumer cards part is new.
One redditor says he was brave enough to pull the trigger on an Amex Platinum Card application, even though he received the pop-up saying he would not be eligible for the big 100K Membership Rewards points bonus.
American Express customers should be on alert. A hacker has posted data of 10,000 American Express credit card holders on a hacker forum for free. In the same forum post, the actor claims to sell even more data of banking customers of American Express, Santander, and Banamex.
American Express has an offer for current Hilton and Hilton Surpass cardholders to upgrade to the Hilton Aspire card. The great thing about this upgrade offer is that you will not pay a fee for the first year and will pay a small fee the second year.
People that have been shut down by American Express today have received automated emails informing them that all their accounts have been closed and they are no longer a customer. That effectively ends your relationship with American Express.
I noticed this in my American Express Cash Magnet® Card account. I haven’t used the card in months and had less than a $40 Reward Dollars Balance. Then, in the last couple of days that balance jumped close to about $565.
The ‘Pay Over Time’ program is available for American Express charge cards and it basically makes them credit cards, as you don’t have to pay in full by your due date.
“A cash advance is a charge to get cash or cash equivalents, including travelers cheques, gift cheques, foreign currency, money orders, digital currency, casino gaming chips, race track wagers, similar offline and online betting transactions, and digital precious metals products.”
Until now, enrollment was optional, but starting with the November billing cycle, Green, Gold and Platinum Business Cards will be automatically enrolled in “Pay Over Time”. This will apply to both new and existing Card Members.
Having an extra three months to complete spending was crucial during the pandemic. That extra time that American Express provided to complete spending requirements for welcome bonuses, probably convinced more people to apply for new cards.
Now when you pay an American Express credit card, you will see the balance and the available credit updated immediately. This is similar to how payments have always worked on Citi credit cards.
After a points transfer is initiated, the points transfer and are deducted from the Membership Rewards balance but not showing up in the Schwab account. Seems the issues have started in the last few days, probably since July 26.
American Express had added new benefits to many of its credit cards during the pandemic. One of those benefits is extra points for grocery spend. But many people have not received their points, or have had points clawed back.
American Express is telling customers that there is a $25 fee to reinstate a closed credit card. Additionally, a decision to reopen the card would be subject to approval and it would take up to 10 business days.
You get $20 for each category monthly, until the end of the year. So that is a total of $640 in credits if maximized. Now let’s look at the details of each category, and what purchases qualify for these credits.
American Express said recently that they are working on providing new perks and benefits in May. This might come in the form of offers, credits and extra rewards. But one of those credits might be for annual fees on American Express credit cards.
Some people are having issues cashing out their points. After a points transfer is initiated, the points transfer and are deducted from the Membership rewards balance, and then refunded.