Why Amex Offers Are Still Great Deals - Running with Miles
Amex Offers

Why Amex Offers Are Still Great Deals

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Written by Charlie

Recent changes have made Amex Offers much harder to scale up but that does not mean that Amex Offers are dead. Even with this huge change, Amex Offers still present some great deals!

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Last week, we saw American Express put some tech blocks in to prevent cardmembers from loading (new) Amex Offers to multiple cards. Of course, many people were not happy about this latest development devaluation of a key feature of Amex cards and the reason many people kept multiple Amex cards.

Why Amex Offers Are Still Great Deals

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Reading comments and messages, both here and on other blogs, it is definitely easy to see that many people are thinking that this latest move by Amex is one that will cause them to close some cards. Depending on how much people were scaling these offers, I could definitely see that.

At the very least, this new change should make each person that uses Amex Offers weigh their different cards to see if the actual benefits of the card alone will make it worth keeping it (because many people used the savings from Amex Offers to offset the annual fees).

This Change Hurts These Offers the Most

This change definitely affects the Amex Offers that are for small amounts – like the $5 off on $25 or more at SwimOutlet.com. Those are pretty much worthless now (well, they are worth $5 but not great anymore).

Why Do I Think Amex Offers Are Still Great Deals

So, why do I think Amex Offers are still great deals? Saving the same offer to multiple cards was never a feature of the offers or something that American Express pushed. They allowed it but reps would always insist that the offer could only be loaded to one card per account. Rather than a feature of the program, I think we should see it as a undisclosed benefit that lasted a lot longer than we thought! 🙂

Targeted Offers Have Gotten Better Over Time

The Amex Offers themselves were unchanged by this block. There are still over 100 active Amex Offers available and some of them are pretty good. But, one thing we have seen over time is that Amex has actually made some really good Amex Offers available as targeted offers.

This was likely due to the fact that the partner offering the deal offered a cap on the budget for the offers and it was so good that they knew it would be saved to accounts in a matter of hours if it was offered to everyone. Rather than doing that, Amex instead targeted certain kinds of cards and accounts with those offers.

This Change Could Open Targeted Offers For More

These targeted offers have been very good! When a partner is able to choose to target accounts, it allows them to offer a greater value for those targeted customers. Now that Amex has closed the door to adding the same offer to multiple cards, it should open the door to better and more Amex Offers being made since the budget for the various offers will not be used up by the same customers.

It Could Also Cause an Increase in the Deal Amount

We have seen this with targeted Amex Offers and I am fairly certain that it will happen now with general offers as well. Imagine this, I know many customers that have access to over 20 American Express cards that they have been saving these offers to over the years. If the offer is, for example, $30 back on $300 or more at Best Buy, that single customer is able to hit that for a total of $600 back (if they spent $6,000). 

That eats into the budget pretty quickly that Best Buy and Amex have established! By limiting it to one card per customer, they could do one of two things – target more customers or increase the offer (which would encourage more people to do the spending in the first place).

Even if that does not come to pass, there are still plenty of great Amex Offers. Many of these could help you recoup your annual fee in a single offer so there is still great value to be had. We are now just limited on the scaling opportunities.

Moral of the post? Don’t throw that Amex card away just yet! 🙂 We could see some really nice offers coming that are more widely targeted or that offer more of an incentive.

To the trolls that refuse to adjust to the new realities of the program and will just want to complain that they think I am an “Amex shill,” I have no relationship with Amex and am not an affiliate. So, you can just move on! 🙂

Editorial Note - Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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About the author

Charlie

Charlie has been an avid traveler and runner for many years. He has run in marathons around the world for less than it would cost to travel to the next town - all as a result of collecting and using miles and points. Over the years, he has flown hundreds of thousands of miles and collected millions of miles and points.
Now he uses this experience and knowledge to help others through Running with Miles.

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