AmEx 5% cashback 2nd time around - any experience

zebedy

Hi All,

I'm just about to finally get my cahback from AmEx (anniversary of getting the platinum cashback card) and am then planning to cancel it as i have other cashback cards at better cashback rate.

I was thinking of waiting a few months after cancelling the AmEx and then re-applying to take advantage of another 3 months 5% cashback on a new card. Has anyone done this? and how long would you suggest I wait after cancelling it, before applying for a new one?

lisyloo

I am waiting for a call on Monday to close mine.
I will ask them if they can re-offer the 5% deal on my existing card, if not I'll ask them how long before I can re-apply.

97trophy

I think you need to wait a minimum of 6 months.

hippey

Not to sure either, but I recently went back to AMEX after 'closing' my accoount about 4 years ago, strangly I have exactly the same card number as I had then! (I keep statements for years!) but I am getting the 5%, but they obviously keep your details for quite some time.

JohalaReewi

Yes you have to close the account then wait for at least 6 months. Then you can apply as a brand new customer and get whatever offers are around at that time. Have done it myself.

zebedy

Just to close off this thread. I got the cashback from my first AmEx platinum card (after the anniversary).
I was going to wait 6 months before applying again but heard on another thread on this board that you don't need to wait 6 months.
So I've applied again and got my card and am now getting 5% cashback again! Yay!

billion25

keep in mind that you'll have to spend at least £3k to get any cashback now -- the product has changed recently.

zebedy

I'll do my best!
The way i read it, I'll get 5% cashback on whatever I spend in the first 3 months, as long as I spend over £3000 on the card over the course of the year.
I'll use the card as much as humanly possible over the first 3 months and if that doesn't reach £3000 then I'll just carry on using the card until i hit the magic £3000 sometime later in the year, before reverting to use a different card.

billion25

no...you'll only get 5% on the first £2,000 in spend during the first 3 months. The next £1,500 you spend will get 0.5%.