(Update 2024.11) The new welcome offer is $300.
(Updated 2021.6) The $200 welcome offer is back.
(Updated 2020.11) The $200 welcome offer has expired. The current offer is only $100. Let’s wait for a higher offer to reappear.
Application link
Benefits
- $300 Offer: Earn $300 after spending $1,000 in 3 months. This is the best deal ever on this card.
- Earn 1.5% cash back on all your purchases.
- This card gives access to Amex offers, which offer very good discounts from various suppliers. In the past, we’ve seen deals like: spend $15 or more and get $5 back at Walmart; Spend $75 or more and get $25 back at Amazon.com.
- No annual fees.
Disadvantages
- It has foreign transaction fees, so it’s not a good choice outside the United States.
Recommended application time
- You can only get the welcome bonus once in your lifetime, so make sure to apply when the highest historical offer appears.
- AmEx doesn’t care about the number of hard draws.
- You can try applying for it when you have a 3 month credit history.
- You must wait at least 90 days between the BCE application and the BCP application, otherwise the application will be canceled.
Only one AmEx credit card can be approved per day. This rule does not apply to charge cards, you may be approved for one credit card and multiple charge cards in a day.Multiple cards approved on the same day will only have one Hard Pull.- Only 2 AmEx credit cards can be approved within 90 days, but again this rule does not apply to charge cards.
- You can keep a maximum of 5 AmEx credit cards, not including charge cards.
Summary
The 1.5% cash back lags behind Citi DoubleCash, Amex Blue Business Plus, and various other products earning 2%2x. Note that this card is issued by AmEx, not Schwab, so it counts toward the 5 credit card limit. Personally, I don’t think this card is worth it, but it may be worth it for the sign-up bonus if you’ve earned most of the other AmEx bonuses.
After applying
- Click here to check AmEx application status.
- AmEx Reconsideration Backdoor Number: 877-399-3083. The “real” Amex backdoor number is well protected. Unlike Chase, representatives of this AmEx review backdoor number only have the right to help you submit requests.
Historical Offers Chart
Application link
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