There’s plenty of ways to earn statement credits through sign-up bonuses or programs including Amex Offers, Airlines Credit benefits, Global Entry credits and so much more. Now, the biggest question to rise is if statement credits decrease the number of points and rewards you earn or if they decrease your overall spending while making the spending requirement for a sign-up bonus. Take into consideration that you don’t earn points on annual fees and annual fees will not contribute to the minimum spend.
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| Chase Business Complete Checking® | $300 or $500 Cash | Review |
| Chase Private Client | $3,000 Cash | Review |
| Chase Total Checking® | $300 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| J.P. Morgan Self-Directed Investing | Up To $700 Cash | Review |
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AMEX Recommended Credit Card Bonuses:
- Blue Cash Everyday® Card from American Express
- Amex EveryDay® Credit Card
- SimplyCash® Plus Business Card from American Express
AMEX Statement Credit Summary:
- Annual fees do not contribute to minimum spend requirements.
- You don’t earn points on the annual fee.
- Rewards post after statement close with a one month delay
- If you return an item the points are clawed back.
Amex Offer Credits
Amex Offer credits will reduce the amount of points earned. For example, if you spend $100 and get back $20, you’ll get somewhere around 80 credit card points. The system of arrangement in regards to Amex Offers, sorts the categories properly, deducting however much is necessary from how much you spend. If you get an Amex Offer credit on a card like Blue Cash, your earning would not be solely derived from the base cash back amount, nor the bonus cash back. Now, this situation would be a different story if Amex offers credit themselves. Those points will earn you points and cash back.
Travel Benefit Credits
American Express offers plenty of travel credit benefits such as the $100 Global Entry Benefits for select card or their $2000 airlines incidental benefit on their Platinum Card. Eligible purchases should count towards the minimum spend requirements while also earning you points on Airiness credit and so on so forth. Travel Benefit credits will not reduce your overall spend.
Amex Open 5% Rebate
The 5% OPEN Savings that you get on AMEX business cards will be arranged in the system as a return and it doesn’t offer earned points and it will not count towards the minimum spend either.
Insurance Benefit Credits
Purchase protection, return protection, extended warranty are all considered insurance benefits that could count towards your minimum spending. Additionally, you wont have any points deducted as these benefits are insured through as payments like you sent a payment to the card in the amount of the Statement Credit. This shouldn’t affect your purchased spending or points at all.
Final Analysis:
Again, statement credit through American Express could potentially be earned through various rewards programs and benefits. If you choose to take advantage of the benefits, there are some things you must know regarding whether it will affect your points or minimum spending in any way. Keep in mind that the annual fee will not count towards your overall minimum spend. Rewards will be posted after the statement closes with a one month delay. Any returned purchases will be deemed as a claw-back and you’ll have to forfeit your credit. Don’t forget to check out our full list of Credit Card Bonuses for all of your credit card needs.
