Update: This offer for Barclaycard Arrival Plus™ World Elite Mastercard® is expired, but there’s currently an opportunity to earn 50,000 miles after spending $3,000 within first 90 days of having the card. Learn more about the special offer here.
American Express seems to have in the past couple of weeks quietly changed the terms for earning the sign-up bonuses on some of their credit cards, as shown in the banners below:
So basically they seem to now be officially saying that the bonus offers are only available to applicants who haven’t had that exact product within the past 12 months. That part is actually good news, since previously American Express cards were only unofficially “churnable” every 24 months. So it would appear you can now earn the bonus on an American Express card once a year.
The bad, and confusing news, is that you can only earn a bonus if you haven’t had a similar American Express card within the past 90 days. So they seem to group together all co-branded cards (Delta, for example), and then all Membership Rewards earning cards (Platinum, Gold, Green, etc.). What’s not clear to me is whether they’re talking about 90 days from the last time you applied for a card or whether you just have one of those cards within 90 days. In other words, does this mean that if you’ve had an American Express Premier Rewards Gold Card for over 10 years, you’d have to cancel and wait 90 days before applying for the American Express Platinum card (and earning the bonus), or do you just have to wait 90 days between application cycles? The latter wouldn’t be a huge deal, though still an inconvenience, while the former would be a huge pain.
This is definitely an interesting development, so I’m curious to hear if any of you have had experiences with this new rule (or if it’s even enforced). It seems to be both good and bad news on the surface (you can earn the bonus on each card more often, but can’t apply for similar cards as often), though it all comes down to how it’s practically enforced.