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[American Express] Amex SimplyCash Preferred™ Card: 10% cashback welcome offer on first $5,000 spent) advertised as $4,000

  • Last Updated:
  • Dec 5th, 2020 11:16 am
Newbie
Aug 25, 2019
13 posts
5 upvotes
Tried to apply via GCR, my first name won't fit in, so-called customer support and he suggested having my initials in place. And then was asked to call new accounts dept. and they told that they can't accept the application and it would have to be resubmitted over the phone and not online. They will cancel my application and already a hard pull, and now I remember the same thing happened with me when I moved to Canada with Amex. 2 hard pulls with cancelled applications. Confused Face
And so angry with AMEX for not allowing more than 10 characters in the first name and nowhere mentioned to do the application over the phone if the name is long enough. Smiling Face With Horns
Deal Addict
Dec 28, 2007
1001 posts
525 upvotes
bizee-bee wrote: Based on @cymrules's datapoint, the full/maximum $400 was given on that $8790 purchase, and as well the 2% on the full $8790 ($175.81).

I wonder if it's because of one large initial purchase that goes over the $4000 cap, and thus triggers the remaining balance as well as the front-end $4000 amount (for full $8790) to get the 2% CB. If this is the case, optimally it would be best to spend $4001 as the first purchase, causing the $1 extra to get 2% and then the tag-along front-end $4000 to also get the 2%. :lol: Or, maybe the remaining portion on that one single purchase must be more than $4000, to trigger it.

For me, I'd stop at $4000, if I had $6000 upcoming purchases. Then put the remaining $2000 on another 10% cash back card. There's plenty to play with that offer better than 2% return.
It's too late for me now to make a $4001 initial purchase, but I will check the cash back once I slightly exceed $4000 in spending on the card. If I'm still getting the bonus 8% cash back after $4000 in spending, I will keep going until $5000 in spending or the bonus cash back stops accumulating.
Deal Addict
Nov 10, 2016
1513 posts
653 upvotes
BC
chalin123 wrote: Going by the rep.. let me test it out :)
any update? looking to apply as well with an existing SC card...
Newbie
Nov 23, 2019
48 posts
23 upvotes
TO
How long does it take to reflect ?

Nothing under cashback yet
Sr. Member
Apr 24, 2013
524 posts
293 upvotes
Crna Gora
I really have no Idea of how to spend 4k on an Amex, so limited
Deal Addict
Mar 30, 2010
2348 posts
321 upvotes
Burnaby
good to know.
ASUS RAMPAGE II EXTREME; i7-950; GTX 560; 16G Mem; 2TB HD; 24x DVD-RAM;
Newbie
Jul 4, 2020
7 posts
7 upvotes
nimfomanijak wrote: I really have no Idea of how to spend 4k on an Amex, so limited
I'll be spending mine on furniture/tech
Deal Fanatic
User avatar
Aug 10, 2008
5530 posts
4456 upvotes
chalin123 wrote: How long does it take to reflect ?

Nothing under cashback yet
As soon as your purchase moves out from pending and becomes a posted transaction. You’ll see the cash back updated to reflect.
Deal Addict
Aug 22, 2001
1161 posts
710 upvotes
Vancouver
Not really sure how they calculate the welcome cashback. I made two purchases consecutively worth $4,605 and got 10% cashback on both purchases (total $460.50).
Member
Jul 31, 2015
479 posts
248 upvotes
Vancouver, BC
nimfomanijak wrote: I really have no Idea of how to spend 4k on an Amex, so limited
I'm going to use PayTM (or maybe try Plastiq) to pay rent and credit card bills.
Deal Addict
Dec 28, 2007
1001 posts
525 upvotes
AEmgee wrote: Not really sure how they calculate the welcome cashback. I made two purchases consecutively worth $4,605 and got 10% cashback on both purchases (total $460.50).
From some previous posts, I suspect the 10% cashback applies on the first $5k, not $4k. Shhh...

Edit: maybe try making another small purchase on the card and see if you still get 10% cash back.
Last edited by JUnit on Sep 24th, 2020 1:35 am, edited 1 time in total.
Jr. Member
Aug 8, 2011
128 posts
130 upvotes
Vancouver
turtlepower11 wrote: I'm going to use PayTM (or maybe try Plastiq) to pay rent and credit card bills.
You can't pay credit card bills with a credit card on PayTM

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