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Amid all the chaos going on right now, we are seeing some banks make some very consumer friendly decisions related to credit cards. We recently saw Chase provide some card members with a $100 statement credit to help offset the annual fee and there have been other reported instances of similar types of gestures.
Well, American Express is now reportedly allowing customers extra time to meet their minimum spend requirements for bonuses.
According to a data point and screenshot found on Reddit, some card members who are approved for an Amex card from December 1, 2019 all the way to May 1, 2020 will be allowed three extra months to meet their minimum spend requirement for their welcome bonus.
These extensions are being applied to both personal and business cards. And keep in mind it applies to approval dates and not minimum spend requirement dates.
I would definitely try to follow up via Amex Chat to verify that you have been given an extension and don’t assume that it will automatically be applied (although that does appear to be the case).
Currently, this does not apply to upgraded cards and only applies to newly opened accounts.
So this could be an ideal time to jump on an American Express card if you were in doubts about meeting the minimum spend requirements and could use some extra time.
UponArriving has partnered with CardRatings for our coverage of credit card products. UponArriving and CardRatings may receive a commission from card issuers. Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.
Daniel Gillaspia is the Founder of UponArriving.com and creator of the credit card app, WalletFlo. He is a former attorney turned full-time credit card rewards/travel expert and has earned and redeemed millions of miles to travel the globe. His content has been featured in major publications such as National Geographic, Smithsonian Magazine, Forbes, CNBC, US News, and Business Insider. Find his full bio here.