(EXPIRED) 30K Membership Rewards with FX payments

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Amex has sent out an offer to earn 30,000 Membership Rewards points after you enroll in their FX International Payments program and send 4 eligible wire payments of at least $500 within 90 days of enrollment. This could be targeted, but I don’t see language indicating that in the offer and the link seems to be publicly available, so I’m including it below. You’ll need to have legitimate foreign business expenses to enroll, but if you do this looks like a good offer.

The Deal

  • 30,000 Membership Rewards points after you send 4 eligible wire payments of at least $500 within 90 days of enrollment in the Amex FX International Payments program
  • Direct link to offer

Key Terms

  • Same currency transactions are not eligible (this means you can’t be sending US dollars to US dollars — it must be US dollars to a foreign currency)
  • Bonus points will post within 12-15 business days after the 90-day period ends

Quick Thoughts

Greg has written about this offer in the past (See: A different kind of signup bonus). See that post for full details, but the synopsis is that a lot of detailed business information is required in the application process. Greg ultimately wasn’t approved. That said, a few readers in the comments confirmed having taken advantage of the offer at various times and been happy with the service. Business Platinum cardholders receive a waiver on Amex transaction fees on eligible foreign currency wire transfers (and all Amex business card holders receive a waiver for the first six months). Transfers earn 1 Membership Rewards point per $30 sent (up to a limit of 4K points per transaction), so it could potentially be a decent deal if you have a business that regularly sends wire transfers in foreign currencies.

Based on Greg’s experience and the readers who commented last time, it looks like this is geared toward individuals regularly doing some volume in foreign payments. If you’re in a business to which that applies, this seems like a net win. If you’re not in a business where you regularly send foreign payments, this probably won’t work out for you.

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