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{ 8 comments… read them below or add one }
Says cash rebate is limited to $65/year. Is this correct? What form are the rest of the rewards in?
Great catch Dave, that’s clearly wrong. The cash rewards are unlimited!
We appreciate your help finding errors, let us know if you spot any others!
If this card is used at Costo for groceries is it given the higher or lower rebate? Is there a list somewhere where you can check what stores are in each category?
At Costco and other warehouse stores, you only earn the lower rebate. According to their terms, Amex doesn't consider purchases at warehouses to be "elgibile purchases" for the higher bonus rates.
I've seen other sites indicate that the 5%/1.25% "upper tier" will apply to all purchases if you reach $6,500 for the year (not just purchases made after that benchmark). Is that correct?
Hey Brian, that's not the case. You only get the "upper tier" after $6,500. So if you spent $10,000 this year and it's all on gas (a lot of gas!), then you would earn 1% x $6,500 + 5% x $3,500 = $240
Say I don't spend the full statement credit amount in the effective month. Does that mean I lose the credit, or will it carry over?
It carries over. So for example if your monthly bill is only $50 and you have a $100 statement credit, you'll go into the next month with a balance of -$50. It'll keep carrying over until you spend that $50.