Credit Cards

Amex adds statement credits + increased earn rates through 12/31/20

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American Express has been ramping up its efforts to retain customers over the past several weeks. The first indication was increased credit card retention offers – some got 50k with no min spend, we got 30k after $4k spend on our Amex Platinum – and now we’re seeing the addition of statement credits and increased earn rates. Statement credit are focused on 3 cards: Amex Platinum, Business Platinum, and Green – my feeling is we will see Gold roll out something soon. Earn rates hit a slew of cards detailed below.

Full press statement can be found here

Don’t forget to leave your Amex referrals:

Referrals are how I make upwards of 500k points a year, but it’s also how I can help you out. Since I’m constantly trying to use points on my travel for the site, I cycle through my referrals first, and usually very quickly I max out. I then work my friends and family through the site, and finally, I start adding your links that you leave below. I leave them up for a few weeks and then cycle in another one.

You can also leave referrals for the Amex GreenAmex Aspire, Amex PlatinumAmex Biz Platinum, and Amex Biz Gold. I would note that you get more action when the referral is correlated to the article.

Let’s get into the new statement credits

American Express Platinum and Business Platinum

With annual fees of $550 and $595 respectively, the Amex Platinum and Business Platinum will give you up to $40 a month in statement credits offsetting more than 50% of the annual fee if you were to max out between now and 12/31/20.

  • Platinum Consumer Card Members will receive up to $320 in statement credits when they use their Platinum Card on select streaming and wireless telephone services purchased directly from U.S. service providers (up to $20 per month on each, from May through December 2020).
  • Business Platinum Card Members will receive up to $320 in statement credits on wireless telephone services purchased directly from U.S. service providers and U.S. purchases for shipping (up to $20 per month on each, from May through December 2020).

Eligible streaming services include Netflix, Hulu and Disney+, meanwhile qualifying U.S. wireless telephone services include AT&T, Sprint, T-Mobile and Verizon

Amex Green

Following in the footsteps of its elder siblings, Amex Green will also

  • Green Consumer Card Members will receive up to $80 in statement credits when they use their Green Card to pay for wireless telephone services purchased directly from U.S. service providers (up to $10 per month, from May through December 2020).

And then here are the increased earn rates

Delta cards are adding in a 4x supermarket earn rate, Marriott cards getting in the supermarket mix as well, and a big one for Aspire cardholders is the $250 Hilton Resort credit triggering from June to August on US restaurants, including takeout and delivery. That’s amazing. Full details below

  • Delta SkyMiles Reserve, Platinum, Gold and Blue Consumer Card Members will now earn 4X miles at U.S. supermarkets (May through July 2020).
  • Marriott Bonvoy and Brilliant Consumer Card Members will now earn 6X Marriott Bonvoy points at U.S. supermarkets on up to $7,500 in eligible purchases (May through July 2020).
  • Marriott Bonvoy Brilliant Consumer Card Members’ eligible purchases at U.S. restaurants, including takeout and delivery, will now qualify toward the $300 Marriott Bonvoy Statement Credit benefit (June through August 2020).
  • Hilton Surpass and Aspire Consumer Card Members will now earn 12X Hilton Honors Bonus Points at U.S. supermarkets (May through July 2020). Bonus Points earned through eligible purchases on all Hilton American Express Cards, that post to the Card Member’s Hilton Honors account between May 1 through December 31, 2020 will be considered Base Points and will count towards Elite tier qualification and Lifetime Diamond Status.
  • Hilton Aspire Consumer Card Members’ eligible purchases at U.S. restaurants, including takeout and delivery, will now qualify toward the $250 Hilton resort credit benefit (June through August 2020).

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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Chase Sapphire Preferred® Card


4.8
4.8/5
The Chase Sapphire Preferred® is a great starter card that earns Premium Ultimate Rewards that can be transferred into over a dozen partners many of which are US based including Hyatt, Southwest, United, IHG, and Marriott.

Welcome Offer

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening

Annual Fee

$95

Points Earned

Transferrable Chase Ultimate Rewards

  • 5x on all travel purchased through Chase Travel℠
  • 3x on dining, including eligible delivery services for takeout & dining out
  • 3x on select streaming services
  • 3x on online grocery purchases
    • (excluding Target, Walmart and wholesale clubs)
  • $50 Annual Chase Travel Hotel Credit via Chase Travel℠
    • The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
  • 2x on all other travel
  • 10% Anniversary Bonus
    • Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
  • Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
  • Points are transferrable to 14 Ultimate Rewards partners
  • Redeem in Chase Travel℠ for 1.25 cents per point
  • No foreign transaction fees
  • Suite of Travel and Purchase Coverage
    • Auto Rental Collision Damage Waiver is my favorite
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
  • $95 Annual Fee

We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.

Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.

Main Cast: 

Cards that earn flexible points and should be used on the bulk of your purchases.

Supporting Cast:

Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on. 

The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.

If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex®  and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners

Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

15 Comments

  • Ernesha Patrick May 15, 2020

    Thanks Monkey Miles for the informative articles! I didn’t know about the Platinum statement credits until I read your article. I didn’t receive notification from AMEX until weeks later.

    Here are my referral links:
    Blue Cash Card
    Apply for an American Express Card with this link. We can both get rewarded if you’re approved!
    http://refer.amex.us/ERNeSP6EO2?XL=MIACP

    Gold
    Apply for an American Express Card with this link. We can both get rewarded if you’re approved!
    http://refer.amex.us/ERNeSPZW1h?XL=MIACP

    Platinum
    Apply for an American Express Card with this link. We can both get rewarded if you’re approved!
    http://refer.amex.us/ERNeSPOs9I?XL=MIACP

  • Francisco D Ramos May 4, 2020

    This is really good to know, logging in know to check my card or maybe switch some billing around. Getting credits on those things is the way to go. I’ll double check for sure.

    In the meantime, Amex has an outstanding Platinum card, read about it here on the MM site, or check out:

    Amex Platinum: We can both get rewarded if you’re approved!

    http://refer.amex.us/FRANCRoCN6?XLINK=MYCP

  • markke May 4, 2020

    Apply for an American Express Morgan Stanley Platinum Card with this link. We can both get rewarded if you’re approved!
    http://refer.amex.us/MARKKRhTf?xl=cp01

    Apply for an American Express Morgan Stanley Credit Card with this link. We can both get rewarded if you’re approved! http://refer.amex.us/MARKKGWr3?xl=cp01

    Apply for an American Express Charles Schwab Investor Card with this link. We can both get rewarded if you’re approved! http://refer.amex.us/MARKKSW3n?xl=cp01

  • Mary Ashley Burton May 3, 2020

    AmEx Plat:

    Apply for an American Express Card with this link. We can both get rewarded if you’re approved!
    http://refer.amex.us/MARYBAeE2?XL=MIDCP

    • JB SanDiego May 3, 2020

      If only I could apply for yours Mary 🙁

      I like traveling to Europe. Where do you like to go in Europe?

  • Thomas Gould May 3, 2020

    What about Gold card increased credits?

    • Miles May 3, 2020

      Hey Thomas – I’m guessing we will see those roll out soon

  • Teresa May 3, 2020
  • Kyle May 2, 2020

    The Hilton Surpass has really bumped up my rating scale with the bonus points now on grocery, plus counting towards the Hilton Lifetime Diamond status and hitting the $15,000 spend for a free weekend night. Very tempting to shift spend to it.
    Thanks for letting us leave our referrals!

    Amex Platinum: http://refer.amex.us/KYLEHZl3E?xl=cp01

    Amex Gold: http://refer.amex.us/KYLEHVC6Z?xl=cp01

    Amex Hilton Aspire: http://refer.amex.us/KYLEHJXyu?xl=cp01

    Amex Marriott Bonvoy: http://refer.amex.us/KELLYHbsKH?xl=cp01

    Thanks!

  • AT May 2, 2020

    Business Platinum:
    Apply for an American Express Card with this link. We can both get rewarded if you’re approved! http://refer.amex.us/ADaMSxdM2?XLINK=MYCP

    Hilton Aspire:
    Apply for an American Express Card with this link. We can both get rewarded if you’re approved! http://refer.amex.us/KELLYSwdgq?XLINK=MYCP

  • JB SanDiego May 2, 2020

    Hey Monkey, I can attest on the retention bonus. A week and a half ago, I called to cancel my Amx Plat vanilla (previously Ameriprise) due to the high cost and today’s environment. The agent agreed and offered me the 50KMRs without any spending. I took the offer and paid the AF (had no spending on the card). In 2 days, the 50KMRs were deposited. I also have another Plat vanilla via referral without the lifetime verbiage. Last year, I cancelled my first obtained Plat vanilla, even though I was offered 20KMRs .

  • Patti May 2, 2020

    Thanks for using my referral link!
    Apply for an American Express Card with this link. We can both get rewarded if you’re approved! http://refer.amex.us/PATRIDXbW5?XLINK=MYCP

  • William May 2, 2020

    Thanks for helping us out! I’d love referral credits so I’m following your instructions. ☺️

    Apply for an American Express Card with this link. We can both get rewarded if you’re approved! http://refer.amex.us/WILLIHRlQa?xl=cpm4

  • Alexandra May 2, 2020

    Thank you for this nice post summarizing the new statement credits and increased earn rates on other cards. This is very helpful information.

    PS. Also linking my referral link to the Amex Platinum – http://refer.amex.us/ALEXaPeDNG?XLINK=MYCP and Delta Gold Card – http://refer.amex.us/ALEXaPQYnm?XLINK=MYCP

    • JB SanDiego May 2, 2020

      Hi gorgeous ;-]

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