AmEx extends welcome bonus deadlines for three months

AmEx extends welcome bonus deadlines for three months

In response to the coronavirus outbreak, American Express is giving personal and business credit card holders more time to earn welcome bonuses.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

woman paying for online purchases with credit card

The coronavirus outbreak has shaken lives and the global economy to their cores. As consumers and small business owners adjust to changing circumstances, they are also adjusting their financial strategies. One of the largest credit card issuers, American Express, has decided to amend their deadlines around welcome bonuses for new cardholders.

Here’s everything you need to know about the American Express's updates to its card offers.

American Express welcome bonus extension

American Express has decided to make the following amendment for cardholders trying to meet the minimum spending requirements to earn their bonuses:

Due to the impact of COVID-19, for eligible Card accounts approved from Jan. 1, 2020 through April 30, 2020 for which you are eligible for a welcome offer, the period to make eligible purchases to earn your welcome bonus will be extended for an additional three months. Eligible Cards are U.S. Consumer and Business Cards issued by American Express National Bank to a basic card member.

This means that if you applied and were approved within the above dates, you will have an additional three months to earn that coveted welcome bonus. This is helpful, since many consumers and small business owners are drastically cutting or changing their expenses. And while a credit card welcome bonus may seem trivial, many people use these bonuses to accelerate their cashback earnings or put cash into their businesses.

Best American Express welcome offers available

Welcome offers are an excellent way to jump-start your cash back or point earnings. Whether you have a personal or business credit card, you can earn significant rewards for meeting the spending requirements for these bonuses.

These are a few American Express welcome offers, and their estimated values.

CardWelcome offerValue of offerAnnual fee
Blue Cash Preferred® Card from American ExpressEarn a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.$250$0 introductory annual fee for one year, then $95 See Rates & Fees
The Platinum Card® from American ExpressEarn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.$1,200$550 See Rates & Fees
Delta SkyMiles® Gold American Express CardEarn 50,000 bonus miles after you spend $2,000 in purchases on your new Card in your first 3 months, Offer Expires 10/28/2020.$840$0 introductory annual fee for the first year, then $99. See Rates & Fees
American Express® Business Gold CardEarn 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*$700$295 See Rates & Fees
Hilton Honors American Express Aspire CardEarn 150,000 Hilton Honors Bonus Points after you spend $4,000 in purchases on your Card within the first 3 months of Card Membership.$750$450

Our estimates for the above bonuses are based on the value of the points or cash back offered, minus any annual fees. As you can see, these are a few of the largest welcome offers currently available among personal and business credit cards.

However, be sure to select a card that works best for your financial situation. The coronavirus outbreak has directly affected millions of consumers and thousands of businesses, so you should analyze if a credit card is right for you at this time.

Brett Holzhauer

Brett Holzhauer is ValuePenguin’s travel rewards expert, focusing on credit card rewards maximization, consumer travel trends, and personal finance news. He has earned and burned over 5 million points and miles throughout his travels, saving him roughly $75,000 in travel expenses.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).