AmEx Cashback - how to get it paid out

MORPH3US

Hi folks...

I have an AmEx Cashback Credit Card and am using it to get cashback on purchases...

I was wondering if anyone knew how / when it pays out? Surely its not once a year on the anniversary? Do I have to request it or is it automatic...

Strangely AmEx are very guarded about the details on this on their website. :rolleyes:

lisyloo

It's once a year on the anniversary, so you'll get it on 13th statement.
Unless you don't use your account in which case they may cancel your card before that so make sure you USE it.
It's automatic.
I sent them a secure message and they transferred the amount to my bank account, but of course you could just spend it.

Sloganjerry

Does anyone know what 'you'll get it' means? Does it mean by cheque in the post? I'm in the same position waiting for cashback and my last statement gave a closing cashback amount of £150 and now online the cashback balance is £0. So where has the cashback gone? I'm nearly due to receive my next statement too and when I say receive I mean online.

Cheers for any help!

Sloganjerry

Anyone?

lisyloo

It's a credit to your account, which no doubt will appear on your next statement.
You can either spend it or you can send them a secure message to do a BACS transfer to your bank account (they will need sort code and account number).

But if you do nothing it will sit there as a credit to your account.

Sloganjerry

Thanks Lisyloo. So am I right in thinking that the next £150 I spend just doesn't register as a debit but automatically comes off the credit on my card? And I assume I don't get anymore cashback credited until the £150 credit is spent?

lisyloo

It should show as a credit and either reduce your debit balance or leave you in credit.
Yes, you should get cashback on your purchases no matter how you fund them.

Sloganjerry

Thanks lisyloo :beer: