Another somewhat interesting deal for the big spenders out there: The Amex Plum card is currently offering 3.5% cash back on your first $30,000 in spend. Here’s a promotion pic:
The terms seem straightforward to me. It’s not a smokin’ hot deal, the kind where you have to drop the final “g” in “smoking” because the deal is just so good, but it’s not bad either if you can figure out how to spend $30K. Note that the $250 annual fee is waived the first year.
Anybody considering this one?
If you do 30K you automatically get another $600 CB, $200 for each 10k
Yep, the $600 is part of the 3.5%.
Offer has been around a while. I haven’t bothered as it would crowd out my 5% activity.
This offer really shines for business owners who will quickly spend the $30k with suppliers that take Amex and don’t fit into another card’s bonus category structure. As Paul said, it doesn’t make sense for the average individual MSer who can get 5%+ everywhere.
I could technically churn this in 2 months but there are other cards I’m wanting to apply for first. I’ll keep this in mind though