In recent days there has been multiple reports from reddit users that initial credit card funding of BMO Harris bank accounts is not counting towards the minimum spend requirement on American Express cards. Datapoints: 1, 2, 3, . In addition it also looks like these purchases are not earning at the regular rates either (data points: 1). Currently it seems like this is limited to BMO Harris specifically as other bank account funding has worked fine (data points: 1, 2,). As always, please share your data points and experiences in the comments. You can always see options for funding bank accounts via credit cards here.
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i funded my Business S”iM”PL B;L’@$U E cash with B@#!M@#$!O and is earning 1% confirmed.
Has anyone tried funding PNC bank accounts with SPG biz? Does it work?
I think they are visa and mastercard only. Also, can’t use Citibank AA Business mastercard for PNC. It codes as Cash Advance.
Unfortunately a DP as well with my Amex Plat Personal. Funded $2k with BMO Harris accounts. They awarded the signup bonus on the monthly statement, but then clawed them back sometime after the 90-day MS period without letting me know. Really bummed out by this.
I have an Amex Delta Gold (business) I’m working on the sign up bonus for right now. On February’s statement, I funded a BMO account for $1k and it says towards the end of the statement that it counts towards my bonus. On March’s statement, I funded another BMO account for another 1k, and this time it says it doesn’t count towards the bonus. I’ve still got time left to hit the spend so I’m going to put my taxes on the card and be done with it.
ANy data points on cash back cards, particularly the old blue card? I have finished MSR on other cards and need to meet the $6500 back to start the 5% back.
Thanks
Moral of the story:
If you can’t meet MSR naturally with AMEX, you are rolling the dice
I got burned on a targeted biz gold late last year by AMEX. But then I was able to get the bonus for the personal delta gold (2nd card) a few months later. I have no explanation why the results were different, I think my biz gold got a manual review from the RAT department.
On a related note, do Visa and MC still process BMO Harris account funding as purchases?
Visa and Mastercard are payment networks, in this case we are talking about American Express the card issuer, not American Express the card issuer. You need to see how individual card issuers are coding it, data points on that are found here: https://www.doctorofcredit.com/does-funding-a-bank-account-with-a-credit-card-count-as-a-purchase-or-cash-advance/
THEN, MISLEAD THEM THROUGH THE BLOGS. COST THEM A FORTUNE IN LOST REVENUE. SEND THEM ON A WILD GOOSE CHASE. LET THEM REGRET LOSING US.
right. Was it over when the Germans bombed pearl harbour?
other than fees for tax pymt & cards at some stores, is there anything else today incurred lower fees that still count / earn?
Looks like this new policy does not apply to SPG branded cards. I chatted with a CSR today and they included my BMO account funding when I asked how much more I had to go to hit the MSR on SPG Biz.
CSRs just noted how much charges in total…can’t tell or guarantee if any specific charge will earn pts; that part, will be determined by amex current IT system or different team
Be warned:
I’ve had CSR’s tell me I met spend requirements, only to be later told I didn’t after the bonus period ended. This was with the Amex Biz Gold though.
Any updates about bank funding you made towards your SPG minimum spending?