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American Express cards are some of the best credit cards out there on the US credit card market, but you may be making mistakes in using them, leaving value on the table.
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44 comments
My mistake was applying for the BCE instead of the EveryDay or EveryDay Preferred
You don’t get financial reviewed I’ve done it more than 3 times lol
I used 1 point on Amazon on Black Friday. I got 80$ off. Nice score. Plus it gave me one cent off for that point.
💳 Ice scraper! 😂🤣😂🤣😂
👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻
✌🏻🤟🏻👊🏻
Disney is gonna eat you alive.
Instructions unclear, redeemed points for ice scrapers at 10c a point.
I can’t wait to be eligible for Amex !! I’m almost there. I just got the Citi platinum select world elite card and cap 1 quicksilver 1…. Got Denied by chase freedom flex and Amex blue cash. I’ll try again around march/April for both and see what happens
Wow, you just unlocked the secret level on the Amex Offers. 🤩
I miss the old Credit Sifu with bad hair like he just woke up.
This new Ben Hodges guy is too legit.
I never had the issue of a financial review when using the “check spending” tool…after 3 attempts it just locks me out and says that they’ve made this tool unavailable for the time being and to check back later.
I always try to make it super clear to people that you should NEVER use your Amex points for cash back in any capacity unless you use the Charles Schwab Platinum to do so. Amex cards, specifically the charge cards like you talked about here, are SUPER popular for a reason, but there are so many things that can fly under people's radars when it comes to the intricacies of how they work. This should be a mandatory video for people to watch after they get approved for one of these cards 🤣 Thanks for sharing Ben!
I've watched a bunch of people say don't use the check spending power tool…
I was playing with it a lot when I first got the cards… Just to see where I land.
If you go over 3 times, it just says "to avoid fraud we limit the number of times you can use this"
That's all I've ever gotten.
Ben, I currently have the Amex Platinum but was thinking of getting the Charles Schwab Platinum. Would I still get the promotional 100k MR pts from the Schwab even though I received a MR promotional offer on my regular Platinum card?
Does the chase sapphire annual fee count towards the $4000 of spend ?
Loved this video, I have never heard the word points so much in my life 😂 In a serious note though, good job and very informative!
This was awesome. I almost forgot to use my Uber eats credit last month. I quickly ordered pizza for dinner to ensure that I wouldn’t miss out on my credit. I never heard of a limit on checking your spending power. Good thing I haven’t used it yet 🤣🤣.
Despite the economic downturn,I'm so happy☺️. I have been earning $ 60,000 returns from my $7,000 investment every 13days.
6:18 I have 387 current activated Amex offers, or as I like to call it: a normal December.
4:41 My check spending power tool approved a $50K purchase but not $100K 😅
Hmmmm, Finally decided to give MaxRewards gold a try. It did not activate my AMEX offers even after syncing and resyncing. anyone know what the deal is?
Just redeemed 1 MR point on Amazon during black Friday for $80 discount. It was a target prime membership offer, (50% discount up to $80 dollars when use MR point as part of payment)
sooooo wish Chase would also do the no hard pull to see if you are approved for a card.
I don't want to call AmEx but I have a question that maybe you can answer. Is the Navy Federal Credit Union American Express More Rewards elegible for AmEx Rewards? Can I transfer those rewards to my existing AmEx Rewards account?
Yes please create a video especially for Chase. Their 5/24 rule can be confusing (what does and does not count). Thanks
They didn’t pull your credit on business gold because it was a business card..
you looking like the guy that was beefing wit spider man 🤣🤣🤣🤣🤣🤣🤣🤣
Last March from March 26 of April 3 and this coming February 11 until February 18. I’m going to on two different cruises. Last year I bought my Chase Amazon prime card, my Apple Card, my discovery it cash back and my AmEx green card. This coming year, I’m going on a cruise and I’m gonna bring the same cards again and ironically enough during the cruise. My annual fee is going to be due for the green card and will be one year with American Express on February 14, so I have to ask for a retention offer for the green card before my cruise even though I still plan to keep it for another year and I’m gonna take one of each credit card issuer yet again on my second cruise, and the only difference is this time around I’m gonna also have the Tomo MasterCard also. I’m gonna have two MasterCards one Visa, one American Express, and one Discover. I will be more than prepared. I did encounter places like in Puerto Rico on my last cruise that did not except American Express or even Discover. I did have a visa and MasterCard hand and Discover also. Better to be safe than sorry.
Make the same video for Chase cards please!
Love this video! Super helpful. I love to see the dichotomies between mistakes vs the best way to use the points. I'd love to see you do the CSR and some other major cards
One frustrating annoyance for the Amex Platinum Card I have from this year is…the Sak's credit.
I bought something on June 30 but it didn't go on my account til July4 …so I missed the first $50 credit AND I made another Sak's purchase for July-December…and they said I had already used the credit this half of the year.
I feel like at the end of the day that there aren’t any “Terrible” ways to redeem points when you’re essentially getting things for free. Some people don’t care for or can’t travel but might be in a bind and need to pay off a statement. At the end of the day using points will be more helpful than booking a flight. That’s the luxury of points. You get to use them to fit your lifestyle.
I opened an Amex Bz Gold (70K MRP) in January this year and was offered an upgrade to the PLTM in august for 140K which I took and I just got the personal Gold. Between the signup bonuses, and all the points I accumulated this year I got 426K points and I have used them to book 2 Emirates business tickets, other flights using the 35% rebate, several transfers to Avianca to book Lufthansa, Turkish flights and transfers to Choice Hotels and even got 400 worth of gift cards (not the greatest redemption but I didn’t shell out the money) all in all if I estimate the value I got for my points this year it’s roughly 10-12K. However apart from the money value the fact that I have been able to experience flying on Emirates business has been a lifetime opportunity. Those tickets would have been 4K + if I had to pay for them which I could not do. Anyways, I love my Amex cards because with the credits I cover the annual fees and make some money too. I also got 380 dollars saved with Amex offers. 😊
Love the insight!!! Can't wait for when I get one!!!! And he's I think we would all love to see similar videos for other banks!!!!
I did the spending power tool more than 3 times not knowing what would happen. I didn't get a financial review, but it basically said "hey!, knock it off."
My statement close date on my AMEX Gold is coming up in a week and I’ll be trying to get a retention offer but regardless I’ll be keeping the card at least for this coming year.
Sapphire please preferred and reserved merci
I don’t know if it was mistake
But I upgrade from the gold to the platinum card
But added the gold card as an addition to the platinum
Card I Mis the point you get on the gold card for food I don’t see my points
When I use the card lke before like at chesse cake factory so Ben I’m using the platinum card I also use it for Xm radio Walmart
Urber Hulu
Would love to know my spending power
I caved and accepted the $50 statement credit on my Blue Business Cash card as a retentionoffer. Which is all fine, I just never use the card and now have to keep it open for an entire year more or else it could get walked back and hurt my account health, and in the meantime it's thing up of my of credit card slots.
Can I downgrade from AMC platinum to Amex Gold??
Hey Ben, why do you not value the FHR bookings higher? I’ve had some AMAZING stays so far and have another couple coming up in Spain. Two five star hotels in Barcelona were like only 35,000 points a night. We are there two nights so I did two different hotels (The Cotton House and the Hotel Arts). But the kicker for me is always the free breakfast, $100 credit, noon check-in, and 4pm check-out. I think those perks are sooo valuable. I know you can’t really put a numerical redemption value on that, but always something to consider when booking FHR.
Ben, this month I charged 8k on my AMEX platinum, my score dropped from 812 to 793 because of it on credit karma. Nothing else changed and I did not have any balance on my other cards. So it did affect my score. Now, my experian score did not change.
Very much enjoyed. I’d love to see similar one for Chase and Citi. Thanks Ben.
It’s 0.06 cents per point. Not 0.6 that equals to .60 cents per point.
Kudos to how sweet that riteaid cashier was. He should have given her a trip. Wish he was that thoughtful. Bless her.