American Express is offering all cardholders an additional 3 months to meet minimum spend requirements. We had previously reported that Chase is extending the minimum spend requirement to some who ask by an additional 3 months as well but this seemed to be very YMMV. MtM is reporting that Chase has said that those who fall into the following category will automatically have their minimum spend requirement period extended by three months:
For cardmembers who did not meet their spending requirements for new account point bonuses between January and March 31, we are automatically extending the time to meet those minimums by three months for all Chase cardmembers.If a cardmember didn’t meet their spend threshold between January and March 31, you’ll automatically be granted an extra 3 months, no action needed. We plan to share these details with impacted cardmembers in the next few weeks.For your background, this is for customers who do not have tiered offers (e.g. spend x in first three months for the first bonus and then spend x in the next year for an additional bonus). If a cardmember received a tiered offer, we’re working on a solve for that and I’ll get back to you with those details soon.
Keep in mind your minimum spend requirement period must end between January and March 31st to be eligible. If you signed up during that period you won’t be eligible. In this case I think American Express’ approach is easier to understand and better for consumers.
