Update 1/3/22: Available again.
The Offer
- American Express is offering $2,000 for cardholders who finance or refinance their home loan with Better.com.
- Get $6,000 for jumbo mortgages.
The Fine Print
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This offer is only available for mortgages on properties located in the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, and Washington, DC.
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This offer is only available to basic account holders of a personal consumer American Express Card, issued by a U.S. banking subsidiary of American Express (“eligible Card Members”), that meet the following requirements:
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Access the offer by:
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Prior to 9/13/22 (the “Lock Rate-By Date”), create an account with Better Mortgage by either: clicking the “I’m purchasing” or “I’m refinancing” link on better.com/with/amex; or
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If you have already created an account with Better Mortgage, contact your Better Mortgage Loan consultant or call (877-688-3252) to request the offer prior to your loan closing; and
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Lock your rate on a Better Mortgage loan application by the “Lock Rate-by-Date”, at which point an appraisal fee is charged; and
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Qualify for and successfully close your mortgage loan with Better Mortgage by 12/17/22 (the “Close-by-Date”).
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This offer is not available to: Additional Card Members or holders of American Express Corporate Cards, Small Business Cards, Prepaid Cards and products, and American Express-branded cards or account numbers issued by other financial institutions.
- To receive the statement credit, the eligible Card Member must be a borrower or co-borrower(s) on the loan application and enter their own 15-digit card number when prompted by Better Mortgage. The card account must not be in a cancelled status at the time the statement credit is applied.
- Card Members will not receive a statement credit if their mortgage: (1) closes after 12/17/22 “Close-by-Date” for any reason, including delays caused by events out of their control; (2) is not successfully funded; (3) is for a property in a non-qualifying state; or (4) closes before 6/10/21.
Our Verdict
We saw similar offers in the past. I believe this offer is for all AmEx cardholders; correct me if I’m wrong. You’re normally just better off going for the best rate rather than chasing these types of refinance offers, but worth pointing out this deal is case you find their rate to be best. Also, readers note that you can get a Best Rate Guarantee from Better.com which matches any rate with $100 savings, and you’ll still be eligible for the $2,000 bonus when doing the guarantee.
Hat tip to reader newbie
