It just occurred to me that I’ve never specifically addressed this in a blog post,so this post is long overdue.
Continue reading: Do Annual Fees Count Towards Credit Card Minimum Spend?
Share your questions, experiences, and thoughts below.
Hi Ben, here is a wrinkle I just though about to increase miles. I read Tiffany report about Plastiq and have used iy yo pay rent, mortgage etc when they don't accept sards.
However, now I wonder if you can use Plastiq to pay your credit card?? For example, pay your Citi Prestige card bill through Plastiq using Amex SPG and vice versa
Amex looks at purchases minus credits/returns, at least that's what they told me. So it doesn't matter what the T&Cs say, at least to Amex.
Amex subtracts out (most) credits and returns but there's a nasty problem that can still occur with returns. I can't find the flyertalk post that explains it in detail, however here's the gist: The Amex automated signup bonus system is programmed to deny the bonus if the specific threshold-clearing purchase is returned- even if susequent spend well exceeds the minimum spend.
For example, if you have spent $2995 of $3000, and you make a $10 purchase that is later returned, you will be denied the bonus even if you make a $100 purchase immediately afterwards and you're still within the minimum spend deadline. If this happens to you, it will require a lot of time-consuming follow-up and manual intervention to get fixed.
@Red
Thanks!
That explains why I didn't get it automatically. When I called, that's when they told me the airline charges that received credits didn't count. BSo I made more charges, still nothing . What an big pain. It doesn't seem like anyone at Amex understands it. And they say I have to give it 8 weeks to post.
If the Chase Sapphire Reserved automatically credits my account when I make a travel purchase then wouldn't your balance only need to be $4,150?
I made $4000 in Point of Sale transactions, only $300 were already credited back into my account leaving the annual fee.