Website Amex platinum calculator

pontiff

Hi there,
The website's Amex platinum calculator says I would get £48.75 cashback if I spend £3000 in the first year as a new customer. This cannot be correct for New Customers with the 5% bonus up to £100 in the first 3 months.

Eg. If I spend £2000 in the first 3 months ( at 5% cashback) followed by another £1000 (at 0.5%), at the end of the year I should get £100 + £5 = £105.

Please tell me if I have got this wrong as will cost me to use this card if i make a mistake.:(

Cheers,
Pontiff

YorkshireBoy

Looks like the calculator assumes your £3,000 spend will divided into 12 equal monthly amounts of £250, rather than being 'front-loaded'...

£750 x 5% = £37.50
£2,250 x 0.5% = £11.25

Making the total £48.75

pontiff

YorkshireBoy wrote: »

Looks like the calculator assumes your £3,000 spend will divided into 12 equal monthly amounts of £250, rather than being 'front-loaded'...

£750 x 5% = £37.50
£2,250 x 0.5% = £11.25

Making the total £48.75

Excellent detective work Sherlock! That makes sense but I'm a bit disappointed with MSE. There is also a table of cashback figures on the same article which seems to make the same assumption.