Changes to American Express Platinum Cashback Credit Card
From 1st February 2012, get 5% introductory cashback offer, on the first £2,000 of purchases in your first three months (up to £100). After the £100 cap is reached Cardmembers will continue to earn cashback - unlike other cashback cards - at a flat rate of 1.25% on virtually anything.
The eligbility criteria will also be changing slightly as the household income requirement is down from £30,000 to £20,000.
The Platinum Cashback Card continues to offer Cardmembers the MOST CASHBACK* in market.
Card Details
The Platinum Cashback Credit Card will have an:
- Introductory bonus - 5% cashback on the first £2,000 of purchases in your first three months
- On-going cashback - 1.25% cashback on virtually all your spend - no caps!
- Engagement bonus - 2.5% cashback in the anniversary month, when you spend £10,000 a year
Cardmembers have the opportunity to opt-in to exchange their annual cashback for retail vouchers which can be used at High Street shops and receive up to an extra 5% on top of their cashback balance.
Representative 18.5% APR variable. Based on annual fee of £25 and assumed credit limit of £1200. Interest rate for purchases: 14.0% p.a. variable.
Eligibilty Criteria
Prospective Cardmembers need to fulfil the below requirements:
- I am aged 18 or over
- I have a current UK bank or building society account
- I have a permanent UK home address
- I have a household income of at least £20,000
- I have no history of bad debt
- And if self-employed, I have been working for more than one year
Added:01-02-2012
Expires:31-12-2012
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Terms & Conditions
*As of 3 January 2012 the American Express Platinum Cashback Credit Card offered the highest total cashback across all purchases over a full 2 year period. Based on the total cashback earned over 2 years (after annual fees have been deducted) on a monthly spend of £750; including an introductory bonus of 5% in the first 3 months of Cardmembership and a flat ongoing rate of 1.25% on all purchases (calculated using the ONS Family Spending 2011 Edition household expenditures by category).
** Cashback is earned on every full pound spent per purchase. Amounts eligible for cashback will be rounded down per purchase to the nearest full pound. An annual cashback on the aggregate amount of all purchases will be payable to you by us at the following rate: a) 1.25% on the aggregate amount of all purchases b) An additional cashback of 1.25% on the aggregate amount of all purchases made during your card anniversary month will be payable to you by us if you have made purchases in excess of £10,001 on your card in the preceding 12 months.
Cashback will be paid during each card anniversary month on the expenditure that has taken place during the preceding 12 months. Your card anniversary month is the one month period each year following the date on which your account was opened (for example, if your account was opened on 10 January, your card anniversary month will run from 11 January to 10 February each year). Cashback amounts will be rounded down to the nearest full pence. The total amount of expenditure which is eligible for cashback in any one month is limited to the amount of the credit limit. Payment of your cashback balance will be made by crediting your account.
