Amex cashback axe shocker

cheap_sk8 · 18 August 2004 at 8:56PM

Ive been sent a Notice Of Variation from American Express - From October it's now 0.5% cashback on purchases up to £2000, and 1% on purchases over the £2001.

Have Amex gone bonkers?

Or have I been singled out for this??

pin · 18 August 2004 at 11:22PM

That sounds like the cashback offered on the Amex Gold Credit Card.

from_suffolk · 19 August 2004 at 12:04AM

I got a letter from Am Ex today and I can confirm the new terms on cashback very disapointing and confusing when at a time interest rates are rising.

cheap_sk8 · 19 August 2004 at 12:12AM

And you will not receive cashback that is under a fiver as well!

I think Amex are forgetting that acceptability is still an issue.

bignoise · 19 August 2004 at 1:04AM

Sounds like Amex want to give people a good reason to upgrade to the Platinum card, even if they don't spend more than £5k a year.

There's certainly no disadvantage now - the rates are the same, and if you do miraculously manage to find enough places that take the card that you CAN spend more than £5k, then the 2% kicks in.

djblamire · 19 August 2004 at 1:47AM

Ive been sent a Notice Of Variation from American Express - From October it's now 0.5% cashback on purchases up to £2000, and 1% on purchases over the £2001.

Have Amex gone bonkers? Or have I been singled out for this??

Is this for the blue card??

How long have you had your card? - I have only just received mine, so I'm wondering if it only applies to those who have had their cards for a while,

Daniel

Shawz · 19 August 2004 at 4:35PM

I have an Amex Blue card and received this letter yesterday. It looks like a standard letter that everyone will get eventually

Gotabiscuit · 19 August 2004 at 5:55PM

I can't see my annual spend on Amex blue being much over £2k so I think I'll be reaching for the scissors (once I've had this year's cashback, of course

)

Perhaps they're trying to be elitist and weed out the low spenders? Funny, that, seeing as it's still not widely accepted.

I'm off to see if Morgan Stanley are still doing 1% cashback on the first £2k of spending...

TREVORCOLMAN · 19 August 2004 at 9:52PM

Martin has posted this detail also and he will update later. I have just taken delivery of a Morgan Stanley Card and it is 1% CB up to 2k. Only tired it at a few places and no one refused it so far. I will be using that one instead. I will wait till I get my Cash Back from AMEX Blue in December, then will close it.

Trev

MSE_Martin · 19 August 2004 at 10:50PM

Sorry didnt spot this thread until after i'd posted. I have the full details and will be reworking out the priorities and updating the cashback article in a few days

martin

paulspenceley · 20 August 2004 at 12:58AM

I just phoned Amex and got the new cashback rates for the platinum card.... It sounded like the woman in India had already given this info out to loads of other people.

0-3000 : 0.5%
3000-7500 : 1%
7500+ : 2%

This change takes place from 1st October.

So for me its only worth using the Amex if I spend over £9000 per year, and with their acceptance its very unlikely that I could manage that.

Amex cashback axe shocker

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free