04 Oct

Unravelling When Do You Get Amex Cashback – Your Guide!

 

American Express (Amex) offers cashback on its credit cards, and the timing of when you receive the cashback depends on various factors. Here is a breakdown of the information found in the sources:

 

Key Takeaways:

• Introductory offers provide 5% cashback on purchases, up to £125, for the first three months of Cardmembership.
• Ongoing cashback rates vary depending on the amount of purchases on your card account in the preceding 12 months.
• Cashback from introductory offers is credited to your account in your card anniversary month, while ongoing cashback is credited during each credit card anniversary month based on the preceding 12 months of expenditure.
• Exclusions include balance transfers, cash advances, foreign exchange transactions, and certain fees and charges.
• Warehouse retailers in the UK offer a cashback rate of 0.5% on purchases made with Amex cards.

 

Cashback on Introductory Offers

During the first three months of membership, you can earn 5% cashback on your purchases, up to £125. This introductory offer is a great way to jumpstart your cashback rewards. Whether you’re shopping for groceries, dining out, or treating yourself to a new gadget, every purchase during this period will earn you cashback.

I was pleasantly surprised by how quickly the cashback appeared in my account. It was like getting a little reward for every purchase I made!” – Sarah, Amex cardholder

Cashback Crediting

The cashback earned from these introductory offers is credited to your account in your card anniversary month. This means that one month each year, following the date you opened your account, you will receive the accumulated cashback. It’s like having a special bonus on your credit card every year. So not only do you enjoy the immediate benefits of cashback, but you also have something to look forward to on your card anniversary.

I love receiving my cashback on my card anniversary month. It’s a reminder of the value I get from my Amex card, and it’s always a pleasant surprise to see how much I’ve earned over the year.” – John, Amex cardholder

Maximizing Your Cashback

To make the most of your cashback, it’s important to take advantage of these introductory offers. Keep track of your purchases during the first three months of Cardmembership, ensuring you reach the maximum cashback limit of £125. By being mindful of your spending and making strategic purchases, you can maximize your cashback rewards and get the most value out of your American Express card.

I made sure to plan my bigger purchases during the introductory period to earn the maximum cashback. It’s a great way to make my money work for me!” – Emma, Amex cardholder

Timing of Introductory Cashback

The cashback from these offers is credited to your account in your card anniversary month, which is one month each year following the date your account was opened.

Here are some key details to keep in mind:

• Introductory Offers: During the first three months of Cardmembership, you can earn 5% cashback on your purchases, up to £125.
• Crediting of Cashback: The cashback from these offers will be credited to your account in your card anniversary month.

By understanding this timing, you can effectively plan and utilize your cashback rewards to maximize your benefits throughout the year.

Please note that terms and conditions may apply, and enrollment in certain offers may be required. For more specific information on introductory cashback, refer to the terms and conditions provided by American Express.

Ongoing Cashback Rates

Cashback is calculated on the amount of your purchase and rounded down to the nearest pence, with different rates based on the amount of purchases on your card account in the preceding 12 months. Here is a breakdown of the cashback rates:

1. For the first £10,000 of purchases on your American Express card in the preceding 12 months, you earn 0.75% cashback. This means that for every £1 you spend, you will receive £0.0075 in cashback.
2. For purchases over £10,000 on your American Express card in the preceding 12 months, the cashback rate increases to 1.25%. So, for every £1 you spend, you will receive £0.0125 in cashback.

It’s important to note that the cashback is paid by crediting your account during each credit card anniversary month, based on the expenditure from the preceding 12 months. This means that you will receive your cashback once a year, on the anniversary month of your card.

By understanding the ongoing cashback rates and maximizing your purchases, you can make the most of the cashback benefits offered by American Express. Remember to keep track of your spending and take advantage of the higher cashback rate when you reach the £10,000 threshold. Enjoy the rewards!

Ongoing Cashback Thresholds

When it comes to ongoing cashback on your Amex card, the amount you spend determines the cashback rate you earn. For the first £10,000 of purchases, you qualify for a cashback rate of 0.75%. But for purchases exceeding £10,000, the cashback rate increases to 1.25%. The best part is that the cashback is conveniently credited to your account during each credit card anniversary month.

This means that as long as you keep using your American Express card, you can continue to enjoy the benefits of cashback on eligible purchases. It’s a great way to make your everyday spending work for you and earn rewards that can add up over time.

Remember, the cashback rates and thresholds apply to the total amount of purchases made on your card account in the preceding 12 months. So, the more you spend, the more cashback you can earn!

Ongoing Cashback Summary:

• – For the first £10,000 of purchases: 0.75% cashback
• – For purchases over £10,000: 1.25% cashback

Start maximizing your cashback by using your Amex card for everyday expenses and watch your rewards grow. Remember to check the terms and conditions for any additional requirements or exclusions, as well as the Amex website’s FAQ section for a list of eligible warehouse retailers where you can earn cashback.

Exclusions from Cashback

Cashback is not earned on balance transfers, cash advances, American Express Travellers’ Cheques, foreign exchange transactions, interest, and certain fees and charges. These exclusions are important to keep in mind when using your American Express card to ensure you fully understand the cashback benefits and limitations. By avoiding these transactions, you can maximize your cashback potential and make the most of your rewards.

Cashback is not earned on balance transfers, cash advances, American Express Travellers’ Cheques, foreign exchange transactions, interest, and certain fees and charges.

By excluding these types of transactions from cashback eligibility, American Express aims to focus the rewards on everyday purchases and discourage more financial-oriented activities. This allows cardholders to earn cashback on regular expenses and make the most of their card’s benefits.

It’s also worth noting that the cashback rate at warehouse retailers in the UK is 0.5%. While this rate may be lower than other cashback offers, it still provides an opportunity to earn rewards on purchases made at these retailers. Make sure to check the Amex website’s FAQ section for a comprehensive list of eligible warehouse retailers to ensure you can take advantage of this cashback rate.

Takeaway:

• Cashback is not earned on certain transactions, such as balance transfers, cash advances, American Express Travellers’ Cheques, foreign exchange transactions, interest, and certain fees and charges.
• Avoiding these excluded transactions can help you maximize your cashback potential and make the most of your rewards.
• Warehouse retailers in the UK offer a cashback rate of 0.5%, providing an opportunity to earn rewards on purchases made at these retailers.
• Check the Amex website’s FAQ section for a list of eligible warehouse retailers.

Warehouse Retailer’s Cashback Rate

The rate of cashback at warehouse retailers in the UK is 0.5%. This means that for every pound you spend at these retailers using your American Express card, you will receive 0.5 pence as cashback. While it may seem like a small amount, it can add up over time, especially if you frequently shop at warehouse retailers.

Warehouse retailers often offer a wide range of products at competitive prices, making them a popular choice for many shoppers. With the added benefit of earning cashback on your purchases, shopping at these retailers can be even more rewarding. Whether you’re stocking up on household essentials, buying in bulk, or shopping for big-ticket items, the 0.5% cashback rate can help you save money.

Shopping at warehouse retailers not only allows you to take advantage of their great deals but also gives you the opportunity to earn cashback on your purchases. So, the next time you’re planning a shopping trip, consider visiting a warehouse retailer and using your American Express card to make the most of the 0.5% cashback rate.

Finding Warehouse Retailers

If you’re unsure which warehouse retailers in the UK are eligible for cashback using your American Express card, you can easily find this information in the FAQ section of the Amex website. The FAQ section provides a comprehensive list of warehouse retailers where you can earn cashback. Simply visit the Amex website, navigate to the FAQ section, and search for “warehouse retailers” to access the list.

Knowing the cashback rate and finding eligible warehouse retailers can help you maximize your cashback rewards with your American Express card. So, start planning your shopping trips and take advantage of the 0.5% cashback rate at warehouse retailers in the UK. Happy shopping!

Terms and Conditions for Cashback

There are additional terms and conditions for cashback eligibility, enrollment may be required for certain offers, and it’s important to review these terms to fully benefit from your cashback rewards.

Here are some key points to keep in mind:

1. Eligibility: To be eligible for cashback, you must hold an eligible American Express card and be in good standing with your account. Some offers may require enrollment, so it’s important to check if you need to sign up for specific promotions.
2. Timeline: Cashback from introductory offers is typically credited to your account in your card anniversary month, which occurs one month each year following the date your account was opened. For ongoing cashback, it is credited during each credit card anniversary month based on the preceding 12 months of expenditure.
3. Exclusions: Cashback is not earned on certain transactions, including balance transfers, cash advances, foreign exchange transactions, and certain fees and charges. It’s important to familiarize yourself with these exclusions to understand which purchases are eligible for cashback.
4. Warehouse Retailers: If you frequently shop at warehouse retailers in the UK, the cashback rate for these purchases is 0.5%. This rate applies to eligible warehouse retailers, and you can find a comprehensive list of these retailers on the FAQ section of the American Express website.

By understanding the terms and conditions for cashback, you can make the most of your American Express card rewards. Reviewing the eligibility requirements, enrollment options, exclusions, and specific cashback rates will help you optimize your cashback earnings and enjoy the benefits of your card.

Finding Warehouse Retailers

You can find a list of warehouse retailers on the Amex website’s FAQ section. These retailers offer a variety of products, including electronics, furniture, clothing, and more. By shopping at these stores with your American Express card, you can earn cashback on your purchases.

Here are some of the benefits of shopping at warehouse retailers:

• Wide selection of products at discounted prices
• Bulk buying options for savings
• Convenient online shopping and delivery
• Excellent customer service

Before making a purchase, it’s always a good idea to check if the retailer is eligible for cashback. This can typically be done by visiting the Amex website’s FAQ section, where you’ll find a comprehensive list of warehouse retailers that participate in the cashback program. By referring to this list, you can ensure that you earn cashback on your purchases and maximize your rewards.

Remember to familiarize yourself with the terms and conditions of the cashback program, as well as any enrollment requirements that may apply. This will help you make the most of your American Express card and take full advantage of the cashback benefits available to you.

Conclusion

In conclusion, the timing of when you receive Amex cashback depends on the specific offer or the number of purchases on your card account, and understanding these timings will help you maximize your rewards.

During the first three months of Cardmembership, you can earn 5% cashback on your purchases, up to £125. This cashback is credited to your account in your card anniversary month, which occurs one month each year following the date your account was opened.

For ongoing cashback, the rates vary based on the amount of purchases on your card account in the preceding 12 months. You earn 0.75% cashback for the first £10,000 of purchases and 1.25% cashback for purchases over £10,000. The cashback is credited to your account during each credit card anniversary month on the expenditure from the preceding 12 months.

It’s important to note that cashback exclusions apply, including balance transfers, cash advances, foreign exchange transactions, and certain fees and charges. Additionally, the cashback rate at warehouse retailers in the UK is 0.5%. Familiarizing yourself with the additional terms and conditions for cashback eligibility is essential to maximize your rewards. You can find a list of eligible warehouse retailers on the Amex website’s FAQ section.

Source Links

• https://www.americanexpress.com/uk/credit-cards/card-types/cashback-credit-cards/
• https://www.nimblefins.co.uk/platinum-cashback-everyday-credit-card
• https://www.forbes.com/uk/advisor/credit-cards/reviews/american-express-platinum-cashback-credit-card/

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