Amex EveryDay Cards Get New Family Rule
American Express continues to add welcome bonus restrictions to its credit cards. We first saw this with the Platinum cards and then the American Express® Gold Card. Then it was the family of Delta SkyMiles credit cards, and weeks ago Cash Back credit cards.
Now American Express has added a similar family rule for the welcome bonus on EveryDay credit cards.
The Amex EveryDay® Credit Card now has the following restriction in the welcome bonus terms:
You may not be eligible to receive the welcome offer, intro APRs, and intro plan fees if you have or have had this Card, the Amex EveryDay® Preferred Credit Card or previous versions of these Cards. You also may not be eligible to receive the welcome offer, intro APRs, and intro plan fees based on various factors, such as your history with credit card balance transfers, your history as an American Express Card Member, the number of credit cards that you have opened and closed and other factors. If you are not eligible for the welcome offer, intro APRs, and intro plan fees we will notify you prior to processing your application so you have the option to withdraw your application.
That means that you will not be eligible for the welcome bonus if you have have or have had the Amex EveryDay® Card or Amex EveryDay® Preferred Card within the last 5-7 years. That’s what is usually considered as lifetime as far as American Express is concerned. This new language is only showing on the Amex EveryDay® Credit Card, and not the Amex EveryDay® Preferred Credit Card.
Conclusion
This new welcome bonus limitation means that if you want to receive the welcome bonus on both cards, you have to start with the Amex EveryDay® Card. After that you can apply for apply for Amex EveryDay® Preferred Card.
It looks like all American Express credit cards will eventually get these bonus restrictions. But it’s worth remembering that American Express is pretty good at letting you know whether you’re eligible for a bonus at the time of application. If you get the pop-up you can just withdraw your application.
HT: Award Wallet
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