Posted by William Charles on March 22, 2019
Credit Cards

Published on March 22nd, 2019 | by William Charles

19

American Express Adds 24 Month Rule To UK Cards & A Look At American Express Restrictions Worldwide

Yesterday saw American Express add a new restriction to credit card sign up bonuses in the United Kingdom, Head For Points does a good job detailing the changes but basically speaking you can’t get the sign up bonus on an American Express personal card if you’ve held any other American Express in the last 24 months. The UK is obviously a different market to the US and changes were made to cap interchange fees to 0.3%. This means that transactions are less profitable for card issuers than they once were. I thought it would be interesting to also have a look at what sort of rules American Express uses in other countries. I didn’t do a deep dive on most of this, I simply searched for the Platinum product in that country and then looked at the fine print.

Australia

It looks like Australia has a rule similar to the UK, but the restriction is 18 months instead of 24. The fine print states:

Card Members who currently hold or who have previously held any Card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this offer.

Canada

Canada looks to use the same system as they do in the US. You’re able to get the sign up bonus on each card once (not really one sign up bonus because even if you haven’t received a sign up bonus you’re still ineligible if you’re a former cardholder). The fine print states:

This offer is only available to new Platinum Cardmembers. For current or former Platinum® Cardmembers, we may approve your application, but you will not be eligible for the welcome bonus.

Germany

Germany seems to employ an 18 month rule, but only for that specific card. For example the fine print reads (bad translation):

Only creditors who have not been registered as principal cardholders of a German American Express Platinum Card within the last 18 months are entitled to the credit

Spain

Fine print states you need to be a new American Express customer, but doesn’t really define what that means?

Singapore

It looks like you can get the sign up bonus as long as you don’t currently hold that card and haven’t been a cardholder within the last six months. Fine print states:

Card Members who cancelled their American Express Platinum Credit Cards within the last six (6) months are not eligible for this promotion when they re-apply for The American Express Platinum Credit Card during the Promotion Period.

Final Thoughts

I think the cap on interchange fees is probably what caused this change from American Express.



19
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Paris
Paris

Very interesting to read on Friday morning 🙂

Jay
Jay

Are any of the international Amex sign up offers better than what is being offered in the US?

Joe
Joe

No. US has the strongest and most profitable CC market.

Hari
Hari

Amen

Jake
Jake

Waiting for AOC to comment on this post as she has on the others. I’m sure she would love to cap interchange fees at .01% and tax American Express at $2.00 for every swipe paid directly to her college loan account for her Feminist Art Major from a private school she didn’t graduate from but has $220k in debt for.

beat2def
beat2def

Spare us your politics. Go troll on 4Chan or your sub Reddit forum on how you hate AOC.

Jake
Jake

The fuck are you talking about? There’s a commenter on here that goes by the name “AOC” that I was referencing.

You’re obviously not an active reader here, so maybe find a new blog to follow.

Beat2def
Beat2def

#1 – am an active reader. #2 I don’t have every commenter memorized (maybe you spend too much time on here) #3 “AOC” “her”, one would assume who you were talking about in the political landscape #4 wouldn’t it make sense if I weren’t an “active” reader to read and follow more not less instead of “find a new blog”?! #5 using the F word on a credit card hack site is tacky and immature, maybe you should go back to 4Chan and sub Reddit to use that classless language kiddo.

LC
LC

yeah have to agree with Jake here.. you missed the point.

Debit
Debit

Wow. Just 2 months in her first term and white men are shaking. Pelosi could learn from her if she wasn’t a fake liberal.

Debit
Debit

“if she wasn’t a fake liberal” = “”if Pelosi wasn’t a fake liberal”

LC
LC

i suggest doc remove all politics posts. F POLITICS

Charlie
Charlie

Go take your politics elsewhere.

Snorlax
Snorlax

It must be sad to go through life so bitter and angry, I feel sorry for you.

Jeff
Jeff

Doesn’t affect anything in the U.S. just reading material…nothing to see here…

Stan
Stan

is it called British Express or English Express over there?

jza
jza

Very amusing. I’d call it ‘British American Express’.

Preacher
Preacher

Amex Canada Biz cards don’t have that restriction, both in writing and in practice. You simply can’t have the Biz card open when you apply.

Back to Top ↑