Amex 25k Bonus Point Offer Extended
Unfortunately, this Amex offer has expired… The good news is that Amex Preferred Gold Rewards is offering a $100 signup bonus.
Simply apply for the card and spend a total of $500 within the first three months to qualify for the bonus. Apply now and get a decision in 60 seconds!
Published on October 9th, 2007 - 7 Comments
Filed under: Credit Cards
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About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
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What are the potential negative ramifications for my excellent credit score if I continually sign up for and cancel a credit card solely to take their sign up bonus? I’ve used a BOA Alaska Airlines card for many years (~5) and am paying off a balance at a low promotional rate with Chase. I’ve had the card for ~3 years.
Comment by Huffles — Oct 9th 2007 @ 12:58 pmHuffles: I wrote an article addressing that exact point:
Credit Card Bonus Chasing and Your Credit Score
The bottom line is that this sort of thing has a relatively small and short-lived effect on your credit score.
Nickel, I don’t see anything on that landing page that references the bonuses. Have you seen something there before?
Comment by VC — Oct 9th 2007 @ 1:25 pmNevermind. I see the bonus info referenced on the next page after hitting the ‘Apply Now’ button.
Comment by VC — Oct 9th 2007 @ 1:29 pmhow soon after can you cancel the card? there’s no penalties?
Comment by girlrobot — Oct 9th 2007 @ 1:43 pmNo penalties. I wouldn’t cancel before the reward shows up and you use it (6-8 weeks). Other than that, cancel as quickly as you want.
Have to say thanks. Been on site reading for last few months for general advice. Never thought I’d make a deal too like this. Have good credit ( 800+ ) so one inquiry should be fine. Thanks again. Easy as clicking your click here button on this last day of the offer.
Comment by BC — Oct 15th 2007 @ 1:24 pm