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Rumor Alert: Will Amex be making a big announcement on 10/5?
This is something that is being tossed around the threads on reddit. There isn’t a whole lot of substance to the rumor and the original poster has removed his post otherwise I’d give him a H/T. Here’s the skinny: the original poster was chatting up some girls at a bar. They happened to work for Amex and noticed his Sapphire Reserve and told him to keep an eye out for a big announcement on 10/5. I know…the rumor is loose and fast. But let’s have some fun because these rumors just keep getting juicier and juicier. First the Reserve, then 10x Freedom, and now this. Not that Miles wants this blog to turn into the National Enquirer, but should we have a little fun and try and guess 1) if it’s true, and 2) what will it be?
I’m gonna go with True. Cause why not? Amex needs to respond
I wrote a whole article about how much Amex needs to respond. Wait, I wrote two articles!
- Chase’s 5/24 rule is a huge opportunity for Amex
- Amex should respond to Chase Sapphire Reserve with Vigor
So will 10/5 be the day that Amex unleashes Vigor on Chase?
- Maybe Amex has been reading the blog and will Unveil the American Express Vigor
- It would be the first soft, plush, and brown premium card ever to hit the market: it would be the Amex version of Miles.
- It would be the most baller card of all time, obvs. People would be saying, “Reserve who? Gimme Vigor or Gimme Death!”
- Miles would become the brand ambassador: “More lux, Less bucks. Live your life with Vigor”
Ok That pipedream was all fun…but, seriously, what would be HUGE?
- they could get rid of the once in a lifetime clause on sign up bonuses for personal cards?
- Introduce public 100k personal offer?
- Amend and improve their benefits for Amex Plat to compete with Reserve?
- Better Priority Pass?
- 3x spend on everything
If there is a big announcement….What would you want it to be?
ps…if you wrote the original post on reddit and you’re reading this…lemme know. I’ll H/T you if you’d like.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
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.