Watch Out for $100 Charge for Motley Fool Stacking
American Express has an Amex Offer that gets you a free subscription to Motely Fool. You get a one-time $99 statement credit after using your enrolled eligible Card to make a single subscription-based purchase of $99+ online at The Motley Fool or at fool.com/amex by 5/8/2021.
But when that offer came out you could also get some big bonuses from shopping portals, either in the form of cashback or miles and points. That would make it a profitable deal since the subscription itself was free with the Amex Offer. But soon after the offer came out, we were told that you can no longer stack the offers from shopping portals with the Amex Offer.
Right around that time, shopping portals also started changing their terms. So stacking the offers was really dead. But it seemed like those who jumped on the offer early were the winners. Especially when they started receiving their bonus miles and cashback over the last week. And then Amex came knocking.
A redditor reports that American Express has sent out email to those who stacked the Amex Offer with portal deals. In the email they explain that their credit card account has been charged $100, since the cardholder also received credit from the merchant.
We’ve charged your account listed above for $100.00, and we would like to explain why. We discovered that, while we issued you a credit under our Amex Offers program, you also received a credit from the merchant for the same charge(s). To correct this error, we have charged your account for the amount identified above to offset the credit(s). You will see this adjustment on an upcoming statement. There’s nothing further you need to do.
The email doesn’t specifically say Motley Fool so the poster could be mixing it up with an unrelated Amex Offer as well.
First, the credit is not really from the merchant here, but from shopping portals. Also, there was no mention of this restriction in the terms of the Amex Offer. It did say that you need to make the purchase at fool.com/amex, but that could also trigger a portal bonus in some cases.
There of course could be more to this story for sure and something else could be going on but you we thought it was worth alerting people to in case it comes down the pipeline.
Let us know if you took advantage of this offer, and how it has played out so far.