New Amex statement credits

[SOPOOR]

Yeh just turf all the cards and come back as a newbie in 18 months time then you'll be showered with offers.

true true true, however thinking logically (first time in 2020)
last time I got 10 myer offers that saved me $40x10=$400 which covers the explorer AF, add to that the travel credit ,
it does make a strong argument to keep

 

[ramamba]

true true true, however thinking logically (first time in 2020)
last time I got 10 myer offers that saved me $40x10=$400 which covers the explorer AF, add to that the travel credit ,
it does make a strong argument to keep

True true true, BUT!
100k points and an SQ J booking is a much stronger argument in my view

 

[NoName]

True true true, BUT!
100k points and an SQ J booking is a much stronger argument in my view

OT but it must surely be time for the Explorer to have a 100k sign up again soon!

 

[SOPOOR]

True true true, BUT!
100k points and an SQ J booking is a much stronger argument in my view

unfortuantely, 100k amex points is now worth 50k airline points,

I am surprised amex hasnt increased the offer to 120k and tried to make themselves look "generous"

 

[SeaWolf]

Not exactly a statement credit, but certainly worthy of a post:
10 Membership Rewards Bonus Points for each $1 donated to the Red Cross Online Bushfire Relief Appeal
Help support the Australian Bushfire Crisis. Save offer to Card and for each $1 donated online at Red Cross by 29/02/2020, as a thank you, you'll receive 10 Bonus Points, up to a maximum of 10,000 Bonus Points. Limited to the first 30,000 Cards to save the offer.

 

[Cruiser Elite]

There is no reason to hold any card, including an AMEX.

I can think of several million reasons why - but each to their own - wouldn’t do for us to all like the same girl would it?

 

[lovetravellingoz]

Indeed. Strategy has worked well for me.

There is no reason to hold any card, including an AMEX.

If there is no reason why do you keep enrolling for offers?

 

[SOPOOR]

If there is no reason why do you keep enrolling for offers?

I think he means no need to hold on to cards once bonus sign ups have been claimed, and to hold.onto cards as a default

 

[lovetravellingoz]

I can think of several million reasons why - but each to their own - wouldn’t do for us to all like the same girl would it?

Yes it is just a matter of adding up benefits including points and cash--backs. For each of us the answer can be different, but for many of us the reasons to keep the Amex Card/s is compelling.

For me it is clear the sign-on bonus to be gained once every 18 months is a lot less than the benefits to gained by holding Amexes continually. Pints earnt by spend, points earnt by promos, points earnt by supp cards, points earnt by referrals and then the thousands made each year on cashbacks.

Then benefits like be able to get points to airlines without fuel fines and where it is so much easier to get F and J rewards is also a reason.

For many too keeping a card like the STG is also no-brainer.

 

[lovetravellingoz]

I think he means no need to hold on to cards once bonus sign ups have been claimed, and to hold.onto cards as a default

For many of us to hold certain cards continually is far more lucrative. Yes we still churn other cards when appropriate for sign-on bonuses, but other cards are definitively keepers.

 

[SOPOOR]

For many of us to hold certain cards continually is far more lucrative. Yes we still churn other cards when appropriate for sign-on bonuses, but other cards are definitively keepers.

For me personally the 20% off myer credits could justify the annual fee of the card, which I had not received in previous years

hence as per my other thread, asking for ID/Payslips, im most likely going to bend over and suck it up

 

[Jacques Vert]

Not exactly a statement credit, but certainly worthy of a post:
10 Membership Rewards Bonus Points for each $1 donated to the Red Cross Online Bushfire Relief Appeal
Help support the Australian Bushfire Crisis. Save offer to Card and for each $1 donated online at Red Cross by 29/02/2020, as a thank you, you'll receive 10 Bonus Points, up to a maximum of 10,000 Bonus Points. Limited to the first 30,000 Cards to save the offer.

Do you have a link?

 

[SOPOOR]

Yes it is just a matter of adding up benefits including points and cash--backs. For each of us the answer can be different, but for many of us the reasons to keep the Amex Card/s is compelling.

For me it is clear the sign-on bonus to be gained once every 18 months is a lot less than the benefits to gained by holding Amexes continually. Pints earnt by spend, points earnt by promos, points earnt by supp cards, points earnt by referrals and then the thousands made each year on cashbacks.

Then benefits like be able to get points to airlines without fuel fines and where it is so much easier to get F and J rewards is also a reason.

For many too keeping a card like the STG is also no-brainer.

i believe some./many on here get their alternate between theirs and their partner as a supp holder so that one person is waiting out the exclusion period

obviously you need a partner

 

[lovetravellingoz]

i believe some./many on here get their alternate between theirs and their partner as a supp holder so that one person is waiting out the exclusion period

obviously you need a partner

Yes I use this strategy except I do not alternate. I have done for a decade with Amex and pick up the referral bonus each time as well. We just get my wife a new Amex, qualify, get points and then cancel.

This strategy still means keeping the Amex though.

 

[Happy Dude]

Those not running big tax bills or businesses usually don't spend enough to generate the same amount of points as the sign on bonuses. In my case, I would typically spend about $2k-$3k per month on Amex including across the supps, perhaps more when 'opportunities' like the recent Myer offers come along. Thus it takes several years to earn the amount as a decent sign on bonus. It's a no brainer.

This article from today seems to suggest that a $60k per annum spend is a tipping point for some. Not in my book but the analysis is pretty superficial.

The other benefits, particularly since the big deval, are more tangible and obviously relative/subjective. With the constant "enhancements" by airlines, even churning is becoming less lucrative.

I'm about to ditch my last AmEx and will rely on the wife's for any worthwhile statement credit offers, although we won't be able to magnify the gains as if we both had Amex with several supps. This appears to be as close to having one's cake and eating it as possible.

 

[lovetravellingoz]

Those not running big tax bills or businesses usually don't spend enough to generate the same amount of points as the sign on bonuses. In my case, I would typically spend about $2k-$3k per month on Amex including across the supps, perhaps more when 'opportunities' like the recent Myer offers come along. Thus it takes several years to earn the amount as a decent sign on bonus. It's a no brainer.

This article from today seems to suggest that a $60k per annum spend is a tipping point for some. Not in my book but the analysis is pretty superficial.

The other benefits, particularly since the big deval, are more tangible and obviously relative/subjective. With the constant "enhancements" by airlines, even churning is becoming less lucrative.

I'm about to ditch my last AmEx and will rely on the wife's for any worthwhile statement credit offers, although we won't be able to magnify the gains as if we both had Amex with several supps. This appears to be as close to having one's cake and eating it as possible.

So in effect you are keeping an Amex, even if it is the wife's. Cake and eat it too is a good idea.

I agree that everyone's circumstances are different but I strongly disagree with the blanket statement that no credit card is worth keeping for anyone. Certainly the higher one's income then the more fruitful keeping various cards can be.

I don't have access to large business spend either (I do get some spend though), but by being creative and seizing opportunities I generate a range of points, cashback and other benefits.

ie
In 18 months one can rinse and repeat on supplementary cardholder joining bonuses. I currently have 4 Amexes and so this adds up to a good amount of points at 3/5K each time.

Add in a couple of referral bonuses and that alone is getting close to a sign-up bonus.

2 of my Amexes just generated a retention bonus. So that definitely puts me in front of waiting 18 months fora single future sign-on bonus of unkown size.

Cashbacks on 4 Amexes with all having supps is very lucrative $$$ wise

So I am in front even before factoring in an greater point earn per $ and the various other benefits..

For me not having an Amex would be a backwards step.

 

[Happy Dude]

In 18 months one can rinse and repeat on supplementary cardholder joining bonuses. I currently have 4 Amexes and so this adds up to a good amount of points at 3/5K each time.

So do you find new people for supps or just close and re-open the same ones ad infinitum? I hadn't thought of churning supps.

 

[lovetravellingoz]

or just close and re-open the same ones ad infinitum? I hadn't thought of churning supps.

Yes

 

[SydneySwan]

New offers;

Luxury Escapes - 300 / 60
La Mer Online - 200 / 40

 

[SydneySwan]

LE offer is on Amex Connect;

American Express | Offers

American Express | Offers

www.americanexpress.com