We recently covered how American Express added new language to their terms regarding welcome offers.
The Points Guy has reported that American Express is enforcing welcome offer restrictions with a new tool. A module will pop up if Amex does not want to grant you a welcome bonus due to too many accounts, signup bonuses received, or introductory APR offers.
The following message will appear if you do not qualify:
"[name] based on your history with American Express welcome offers, introductory APR offers, or the number of cards you have opened and closed, you are not eligible to receive this welcome offer.
We have not yet performed a credit check. Would you still like to proceed?
[Continue and Submit]
Note: Your application will be considered withdrawn if no action is taken on this page."
I tried to apply for a card myself to test the tool (I already have the Hilton Honors card), and the pop up below appeared.
If you cancel the application, a hard inquiry will not be made. I think the new tool is useful because it tells people if they qualify for a new bonus before a hard inquiry, as opposed to being in the dark.
Data points needed
The big question is what the rule is so that people can plan ahead. It's possible that the tool is still in trial mode, so there's not a set rule in place, but maybe we can draw some conclusions with data points.
If you want to help the community, submit your data point below:
View the survey results here: http://bit.ly/2JIbSSY
The Conrad Koh Samui is one of the best resorts in Koh Samui if you're looking for a secluded getaway. You can use Hilton Honors points, Free Weekend Night Certificates, or cash to book. The resort has a hotel side, along with residences that have spacious bedrooms and pool villas.
The cards in my wallet rotate each month based on if I apply for a new card to meet the minimum spend requirement, or if I’m optimizing for categories. For October, I have a few upcoming tech and travel purchases.
How to get a retention offer for the American Express Gold Card. Cardholders can expect to pay the Amex Gold annual fee on their card anniversary billing statement. Should you keep the card and pay the $250 annual fee or cancel?
How to product change the Citi Prestige. The Citi Prestige used to be my go-to card for travel due to the 4th-night free perk and 6-hour trip delay insurance. However, since the trimming and removal of benefits took place on Sept 22, it’s hard to stomach the $495 annual fee.
Major changes are coming to the co-branded American Express Delta credit cards. Starting on January 30, 2020, cards will earn additional spending multipliers and benefits. Some benefits like MQD waivers are being removed on select cards.
American Express recently shared that it will add travel protection to their premium cards starting on January 1, 2020. Other changes will also go into effect for return protection, roadside assistance, and more.
Before applying to Chase credit cards, it’s important to understand the rules for applications (2/30 Rule), eligibility (5/24 Rule), and bonuses (once every 2 years).
Virgin Atlantic miles are useful since you can transfer them to partners like All Nippon Airways (ANA). The Virgin Atlantic World Elite Mastercard by Bank of America currently has a limited time offer of up to 80,000 miles.
American Express adds new rules to combat point brokers. New Delta Flash Sales, free Delta points for Washington state residents, and Barclays Hawaiian Airlines credit card increased offer ending soon.
The optimal strategy for adding credit cards is to get Chase cards first due to the restrictive 5/24 rule, and then move on to other credit issuers. In this post, we’ll walk through the 9 best travel cards to get after finishing with Chase cards.