Do I lose the signup bonus if return takes me under min spend?
Mar 10, 2012 | 3:46 am
#1
Original Poster
Join Date: Feb 2011
Posts: 769
Do I lose the signup bonus if return takes me under min spend?
So I got the AMEX plat and the minimum spend was 3k. Met that and got to about 6k with a $4000 spend. The $4000 was refunded to me, but I've already gotten the 50k.
I don't think AMEX would take away the 50k, but does anyone have any experience with this?
I don't think AMEX would take away the 50k, but does anyone have any experience with this?
Mar 11, 2012 | 11:19 am
#3
Join Date: Nov 2010
Programs: UA Gold, Fairmont Platinum, Starwood Gold, Hilton Gold, Hyatt Platinum
Posts: 280
No personal experience here, but why risk it? They probably won't, but they would perfectly be within their right to do so and then you would lose the opportunity to earn the bonus again.
Mar 12, 2012 | 9:12 am
#5
Join Date: Aug 2011
Programs: many
Posts: 1,437
Has your statement closed yet? If so, is the 6K points showing pending or have they posted to your acct along with the 50K? It reads in assumption that the statement has not closed yet as you have not mentioned a payment due.
In the least, the 4K return will negative out of your account when the (next) statement closes. I'm sure you can handle the 4K loss but would prefer not to lose the entire 50K spend bonus.
Anyone else with experience on spend bonus sticking after returns?
Similar experience with the PRG annual 15K spend bonus for 30K if return might help OP.
In the least, the 4K return will negative out of your account when the (next) statement closes. I'm sure you can handle the 4K loss but would prefer not to lose the entire 50K spend bonus.
Anyone else with experience on spend bonus sticking after returns?
Similar experience with the PRG annual 15K spend bonus for 30K if return might help OP.
Mar 12, 2012 | 1:45 pm
#6
Original Poster
Join Date: Feb 2011
Posts: 769
Has your statement closed yet? If so, is the 6K points showing pending or have they posted to your acct along with the 50K? It reads in assumption that the statement has not closed yet as you have not mentioned a payment due.
In the least, the 4K return will negative out of your account when the (next) statement closes. I'm sure you can handle the 4K loss but would prefer not to lose the entire 50K spend bonus.
Anyone else with experience on spend bonus sticking after returns?
Similar experience with the PRG annual 15K spend bonus for 30K if return might help OP.
In the least, the 4K return will negative out of your account when the (next) statement closes. I'm sure you can handle the 4K loss but would prefer not to lose the entire 50K spend bonus.
Anyone else with experience on spend bonus sticking after returns?
Similar experience with the PRG annual 15K spend bonus for 30K if return might help OP.
Mar 13, 2012 | 4:11 am
#7
Join Date: Jan 2007
Posts: 2,905
).
Mar 16, 2012 | 10:43 pm
#8
Join Date: Oct 2007
Location: Frozen in Carbonite
Programs: UA Aluminum 0.6MM, Bonvoy Life Sentence, Hyatt Eliteist, AA Super Plutonium
Posts: 2,878
If you mean you're going to use this to pay yourself you'd better be careful...a lot of people around here have been getting an Financial Review and/or getting their accounts closed for using amazon, paypal, etc to do pseudo-cash advances.
Mar 16, 2012 | 11:09 pm
#9
Original Poster
Join Date: Feb 2011
Posts: 769
Ive already been hit with a FR when I first opened an AMEX. They could do it again, but doesn't look likely. Besides, I use AP to send money for rent, not to pay myself
Apr 1, 2012 | 8:43 pm
#10
Join Date: Jun 2006
Programs: Hyatt Diamond, Hilton Gold,IHG Plat Amb, CC Gold, Kimpton IC, United, AA, BA, Amtrak G.R.
Posts: 446
What would happen in this scenario?
Few thousand short of meeting spend for the promotion. I charge a fully refundable airline ticket to meet the spend, flight would be several months away.
I get statement, pay in full what is owed. Earn the spending/bonus points.
A few months later, I cancel the ticket and get the refund credited back to card.
Will they take away the bonus points at that point? what if the bonus points have already been used and transferred to another program?
Would they cut a check for the amount that my account has in credit at that point? Or would I just have credit to "charge down" over the ongoing months?
Thanks!!
Few thousand short of meeting spend for the promotion. I charge a fully refundable airline ticket to meet the spend, flight would be several months away.
I get statement, pay in full what is owed. Earn the spending/bonus points.
A few months later, I cancel the ticket and get the refund credited back to card.
Will they take away the bonus points at that point? what if the bonus points have already been used and transferred to another program?
Would they cut a check for the amount that my account has in credit at that point? Or would I just have credit to "charge down" over the ongoing months?
Thanks!!
Apr 2, 2012 | 12:11 am
#11
Join Date: Jun 2011
Location: AL
Programs: All of the Above
Posts: 1,374
Why risk all the hassle if you've got the money to pay the bill in full anyways? Prepay your bills for the next three months. Or whatever grocery store you shop at, go buy $2k in gift cards from them. All will result in spending no more money than you would've spent, and meeting the minimum spending. If I ever want to expedite getting a bonus (aka get a new card on the 10th, statement closes on the 20th) I'll just go buy Kroger GC's right off the bat. It may take us 3 months to use the cards, but the result is no additional spending.
Sep 17, 2012 | 3:49 pm
#15
Used to be highman123
Join Date: Jul 2011
Posts: 3,541
They stress about purchases in the T&C i.e. make this amount of purchases. It's not mentioned when refunds hit your account - many can be very legitimate.
However I still try to avoid it.