2X points on travel
1X points on rent payments without the transaction fee up to 100,000 points each calendar year
3X points on dining
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Plus, get up to $300 in Chase Travel statement credits in the first year of account opening for any purchases made on Chase Travel.
5X points on Lyft rides through March 31, 2025
3X points on select streaming services
3X points on online grocery purchases (excluding Target, Walmart and wholesale clubs)
3X points on dining, including eligible delivery services, takeout and dining out
90,000 bonus points after you spend $8,000 on purchases in the first 3 months after account opening.
5X points per $1 on Lyft rides through March 31, 2025
3X points per $1 on the first $150,000 spent in combined purchases in the following categories each account anniversary year: Shipping purchases, Advertising purchases made with social media sites and search engines, Internet, cable and phone services, Travel
Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.Plus, earn 5% cash back on combined gas station and grocery store purchases (excluding Target and Walmart) on up to $12,000 spent in the first year.
3% on drugstore purchases
5% cash back on Lyft rides through March 31, 2025
3% on dining at restaurants, including takeout and eligible delivery services
If your common carrier travel is delayed more than 6 hours or requires an overnight stay, you and your family are covered for unreimbursed expenses, such as meals and lodging, up to $500 per ticket.
If your trip is canceled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $5,000 per person and $10,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
If your trip is canceled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $10,000 per person and $20,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
If you run into a problem away from home, call the Benefit Administrator for legal and medical referrals or other travel emergency assistance. (You will be responsible for the cost of any goods or services obtained.)
Discover How Amex's New Financial Relief Program Can Help You Manage Your Credit Card Debt
song.url
In March, Amex announced a new Financial Relief Program to assist cardholders who are struggling to make payments due to the impact of Covid-19. This program offers payment plans of up to 60 months, with reduced monthly payments, lower interest rates, and waived fees. While this plan can be beneficial for many facing large credit card bills, it's essential to understand the details before joining. Let’s explore what we know about the program.
Amex offers two versions of the Financial Relief Program:
Eligibility for each program is determined by Amex based on your relationship with the company, account balance, account status, and other factors.
Benefits:
The program is available to both personal and business cardholders.
Amex has confirmed that joining the program will not impact your credit score, and your account will continue to be reported to the credit bureaus in good standing. However, Amex will add a note to your credit report indicating that the account is part of a payment plan. While this note won’t affect your credit score, it could influence future loan approvals.
Additionally, as reported by The Points Guy (TPG), Amex may remove your reward points after joining the program. Therefore, if you have accumulated rewards, it’s advisable to redeem them before enrolling.
You can join the program via chat or by calling Amex at 1-866-703-4169.
The Amex Financial Relief Program offers a valuable opportunity for individuals struggling with high credit card bills due to Covid-19. The program allows you to save on interest, reduce monthly payments, and protect your credit score. However, it's important to understand that joining the program will affect your relationship with Amex and reduce your charging privileges. The long-term plan also involves the suspension of your accounts. Therefore, I recommend this program only for those who truly need it.
You can read more about hardship and forbearance programs here.
Stay safe.
Get the latest credit card insights, finance hacks, and exclusive offers. Sign up and shape your financial future now!
0 Comments