Related Credit Card Article

"Cash back deal from American Express cut"

By admin | March 2nd, 2009 | Cash Back & Rewards

In the current difficult financial climate rewards based credit cards such as cash back credit cards have become more popular amongst those that want to make the most of their credit card spending and earn a little something back from the credit card firms rather than end up paying the companies for the privilege of using the card.

However, one credit card provider has caused disappointment by reducing the level of cash back that new cardholders can earn.

Credit card giant, American Express, has changed the cash back policy on its platinum credit card, which is one of its popular credit card types. The credit card pays 5 percent cash back on purchases for the first three months to account holders. In the past the cash back level was capped by American Express at £200. However, the credit card company has now changed the rules so that new customers will have their cash back level capped at just £100.

Officials have said that the 5 percent cash back that is offered by American Express on the platinum card is a good level of cash back given the amount of cash back that is offered on many other similar cards. After the first three months the card offers 0.5 percent cash back on purchases up to the amount of £3,500. This rises to 1 percent cash back on over £3,500 and up to £10,000, and rises again to 1.5 percent cash back on any amount over £10,000.

American Express has recently found itself under fire because of some customers claiming that because it is not as widely accepted as Visa and Mastercard they have sometimes experienced problems using the card. However, American Express officials have denied that there is any problem using the card.

Tags: Cash Back & Rewards, cash back credit cards, american express platinum credit card, american express

Related Articles:

• Missed repayment could mean hiked rates from American Express

  In the current financial climate many credit card customers have missed repayments on their credit card debt, and for customers of one credit card giant this could turn out to be a very costly mistake. According to reports credit card and financial giant American Express is increasing interest rates for customers that miss a repayment,...

• Impressive cash back deal from Abbey

  The Abbey bank has set a challenge to the other leading banks in the UK by offering a credit card that enables consumers to earn 5% cash back as opposed to the 0.5% or 1% that is generally offered on most cash back credit cards. With the new deal both existing and new Abbey credit...

• Citi cuts perks on credit card

  Over the years rewards based credit cards and cash back credit cards have become very popular amongst many consumers who want to earn a little something back from the credit card companies rather than simply paying the firms interest. Those that have benefited most from these credit cards are those that clear their credit card...

• Which Reward Credit Card Would You Choose?

  Does one reward credit card give you the same benefits as any other rewards card? Lloyds TSB have launched their Rewards American Express Credit Card, their first loyalty card, which offers customers one point for every pound they spend, customers can use their points at retailers such as Debenhams, Marks & Spencers, UCI Cinemas and...

• Some could be wasting money by using debit cards instead of credit cards

  In the run up to Christmas many people will be hitting the shops and spending a fortune, despite the global credit crunch, and many of these people will be spending the money on their debit cards. Recent figures have shown that around 40% of consumers tend to also do their day to day shopping using...

Other Recent Articles

Use of credit cards declines whilst payday loans increase

It seems that many consumers may have switching from spending on credit card that can sometimes come with high rates...

By Reno | February 10, 2012 | Read More

Useful Tips for Credit Card Holders

Modern technology offers comfort and convenience that is often helpful for people in a fast paced everyday living. With just...

By admin | February 7, 2012 | Read More

Credit card decision by Lloyds could have serious effect on charities

For many years now, a range of leading and well known charities have been able to boost the levels of...

By Reno | January 28, 2012 | Read More

Many have to rely on credit cards to make ends meet

There was a time when people had credit cards to enable them to pay for occasional larger, more expensive items...

By Reno | January 26, 2012 | Read More

Brits increasingly dissatisfied with credit card providers

According to recent reports, Brits are becoming increasingly dissatisfied with their credit card providers, particularly in the case of the...

By Reno | January 20, 2012 | Read More