AMEX Platinum Cashback Terms

familyguy321

Hi All,

I received my AMEX Platinum Cashback Credit Card (£25/year) in January 2018 which gave me:

- 5% cashback on all purchases in first 3 months
- 1% cashback thereafter

I've managed to spend just over £2k on it (most of it in first 3 months) and accumulated a significant amount of cashback. I've read somewhere that I need to spend at £3k over the year to be eligible for the cashback. Is this true?

Regards,
FG

dave1345

If you have the card where you pay the £25 per year fee (which is what you say you have), then you don't need to spend £3000 per year on the card to be eligible for cashback. It's the no fee Platinum Cashback Everyday card that requires you to spend £3000 in the card year.

Unless you spend over about £10,000 per year on the card, you are actually better off with the no fee card (as long as you spend the £3000 of course) because the fee wipes out some of your cashback.

familyguy321

Dave1345,

Thanks for clarifying. Yes, I do have the £25/year card and agree the no fee card is better if spending under £10k. However, I did the application through Quidco and got £25 cashback so effectively became a no fee card

Thanks again.

FG

dave1345

Sounds like you got a good deal there