AMEX to stop paying cashback under £25

FreddieFrugal

Is this older card one that has a £25 fee? Or did the fee not exist in the pre-2009 ones. Any cashback less than £25 would be wiped out anyway on the current Platinum card. I assume that's why they've made the change?

IJP20

IanRi wrote: »

Is this older card one that has a £25 fee? Or did the fee not exist in the pre-2009 ones. Any cashback less than £25 would be wiped out anyway on the current Platinum card. I assume that's why they've made the change?

I applied for mine around 2000 and there was no fee (and so far never has been).

Cell

No fee....

planteria

p00hsticks wrote: »

No, it's just wiped.

this is true. but the thing to do is spend enough to earn much more than that....for less than £25/yr it's hardly worth bothering with anyway. i had £1k+ out of them last year:A.

planteria

& yeah, my card is no fee. and top tier is 1.5%. and have had a 'booster' on top of that at times.

p00hsticks

Just to confirm my confusion ...

I have today received the letter from Amex stating that 'We're writing to advise you that from 1 March 2014 you will only receive your anual cashback if the amount of cashback earned in your Membership year is at least £25'.

Meanwhile the monthly statement for my (no fee Platinum Cashback) card that came yesterday clearly states under the 'Cashback terms and conditions' that.. 'Please note no rebate payment will be made if, in the 12 months preceding your Card anniversary Date, the amount of rebate earned totals less than £25'.

Chris2000

Same here, I have the original platimum cashback card with a top cashback tier of 1.5%. They introduced the £25 minimum a few years ago and it's written on my statements but I still got a letter announcing this change.

They also wrote recently encouraging me to swap over to the current version with £25 fee but I'm sticking with the orginal no-fee version.

planteria

so am i.
i think us 1.5% 'members' always had the £25 minimum, didn't we?