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Covid-19 has disrupted markets and sent the global economy for a spin. As unemployment rises and uncertainty looms, banks are offering incentives to help customers during these tough times. These include measures like waiving interest and penalties temporarily. On similar lines, American Express is offering customers extra time to meet welcome bonus requirements. As reported in this post, if you sign up for an Amex card, Amex will give you 3 extra months to meet the minimum spend.

Amex Card Extension Offers

The temporary card application rules show up when you apply for a card on Amex’s website. In short, Amex will offer you 6 instead of the standard 3 months to meet minimum spend for a welcome bonus. If you’re looking to apply for a card, then now is a good time. Chase is also offering similar extensions, but their policy isn’t as generous as Amex’s. Here’s how the temporary policy shows up on Amex’s website.

amex card

For you to get the extension, Amex must approve you before May 31

 

While this is a great option, please note that other welcome bonus restrictions like the ‘once in a lifetime’ rule still apply. Here’s the full text of the note by Amex.

A Note on Welcome Offers
Due to the impact of COVID-19, for eligible Card accounts approved from December 1, 2019 through May 31, 2020 for which you are eligible for a welcome offer, the period to make eligible purchases to earn your welcome bonus will be extended for an additional 3 months. Eligible Cards are U.S. Consumer and Business Cards issued by American Express National Bank to a Basic Card Member.

Amex Welcome Bonuses

Which card should you get then? I usually bank my points to flexible points currencies like Membership Rewards points and Ultimate Rewards points. Here are a few bonuses that might interest you. Please note that if these bonuses don’t show up immediately, you may need to copy and open the link in incognito or private browsing mode.

amex card

75,000 points welcome bonus on the personal Platinum card!

 

Card Welcome Bonus
Personal Platinum Card 75,000 Membership Rewards Points
Business Platinum Card 85,000 Membership Rewards Points
Personal Amex Gold Card 50,000 Membership Rewards Points
Business Gold Card 50,000 Membership Rewards Points
Amex Green Card 45,000 Membership Rewards Points
Business Green Rewards Card 25,000 Membership Rewards Points
Amex EveryDay Preferred Card 30,000 Membership Rewards Points
Marriott Bonvoy Brilliant Card 75,000 Marriott Bonvoy Points
Marriott Bonvoy Business Card 75,000 Marriott Bonvoy Points
Hilton Honors Business Card 125,000 Hilton Honors Points
HIlton Honors Card 95,000 Hilton Honors Points
HIlton Aspire Card 150,000 Hilton Honors Points
Hilton Honors Surpass Card 140,000 Hilton Honors Points

The Pundit’s Mantra

If you’re looking to sign up for a card, then this is a good time to get an Amex card. What’s great about this offer is that you simply have to apply. As per Amex’s FAQs, you’ll still get the 3 month extension even if Amex approves you after May 31. Also, this extension applies to upgrade offers on Amex’s cards.

If I apply by May 31, 2020, but my application isn’t approved immediately and is approved on or after June 1, 2020, will I be still be eligible?

Yes, you will be eligible for a 3-month extension if you apply by May 31, 2020 and are subsequently approved.

If you’re looking to get a card, now could be a good time as you’ll get some additional time to meet minimum spend. The extra 3 months could be very useful if you’re looking to make multiple card applications at the same time.

Which was the most recent Amex card that you recently signed up for? Let us know in the comments section.

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