American Express blocks multiple sign-up bonuses, starting immediately

stevenhp1987

mrmajika wrote: »

I don't see any mention of the Costco card. Does anyone know how they fits into the equation?

CostCo card itself doesn't give any bonuses so is a poor first choice Amex card if you want to earn bonus points...

The wording on most cards is now "All introductory offers are subject to change, can be withdrawn at any time and are not available if you currently hold or have held any personal American Express Card in the past 24 months."

This means, because you hold a CostCo Amex, you are not eligible for sign-up bonuses on most cards e.g. Amex Gold, BA Amex, Nectar etc.

You may still get the sign-up bonus on the Platinum Charge (if no MR card in the last 24 months) and BAPP (if no BA card in last 24 months) as these two cards have slightly different rules.

Coopers23

Thank you for this information!

Beem1

I guess it is wait and see -for a while at least re churning for points/avois

johnbhoy10

By the way guys there is a strategy on headforpoints.com to try and max the opening bonuses now if you haven't used Amex before or was longer than 2 years ago. Admittedly won't help many on here but handy if you're just starting or coming back to it!!

Think i'll just keep some of ours open for a couple of months for the offers and see what comes along!! Will reduce balance and circle annual date just to avoid fees on PRGC and Nectar.

chutney51

I'm a bit gutted about this as I cancelled my gold rewards card in December to get a new one in June. C'est la vie. Anyway I decided to cancel my Platinum Cashback card on Saturday as it was my back up card and didn't get above the 0.5% cashback any longer. As I was cancelling it, I explained I was disappointed about the new policy. The Amex guy asked me if I wanted to speak to the department responsible for leavers to see if there was anything they could offer. I said no as I was busy but have since wondered if I should have done. Has anyone managed to get around these new restrictions or was the amex guy just going through the motions?

rossiuk

Sorry, I'm a bit late to the thread here.
How does GDPR affect this? Surely under the new rules, upon request AMEX will be obliged to delete all data that they hold about me? Therefore if I did try to sign up as a "new" customer again in x months, they wouldn't know that I'd previously had an account with them as my data no longer exists on their systems?

[Deleted User]

rossiuk wrote: »

Sorry, I'm a bit late to the thread here.
How does GDPR affect this? Surely under the new rules, upon request AMEX will be obliged to delete all data that they hold about me? Therefore if I did try to sign up as a "new" customer again in x months, they wouldn't know that I'd previously had an account with them as my data no longer exists on their systems?

No, that's not how GDPR works...

rossiuk

!!! wrote: »

No, that's not how GDPR works...

I'm fairly sure it does. Consumers are entitled to request that all of their personal data held by an organisation is deleted. The company has a month to respond, and can only retain it for legitimate interests - not sure if AE can justify that holding it to prevent customers abusing new customer offers is a legitimate interest?

[Deleted User]

rossiuk wrote: »

I'm fairly sure it does. Consumers are entitled to request that all of their personal data held by an organisation is deleted. The company has a month to respond, and can only retain it for legitimate interests - not sure if AE can justify that holding it to prevent customers abusing new customer offers is a legitimate interest?

Financial firms can hold your information indefinitely if they so wish to.

GDPR isn't a "get out of jail free card" or otherwise.

kuratowski

It is a legitimate business need to avoid being taken for a ride by customers using introductory bonuses repeatedly.