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A welcome offer is usually one of the main reasons people apply for a new credit card. But what if the issuer didn't disclose the offer until after you applied?
American Express recently changed the language for the terms on The Platinum Card® from American Express without specifying the exact number of points you'd be eligible to earn with its welcome offer.
A credit card's welcome bonus -- a lump sum of rewards you can earn, typically for reaching a certain spending threshold in a specified number of months -- is one of the biggest draws of luxury travel cards.
The annual fee on an expensive credit card can usually be offset by the welcome offer you can earn. So, with a card that has a $600 annual fee and a welcome bonus of 100,000 points (depending on how much those points are worth), you know that fee is covered for at least a year.
American Express didn't respond to a request for comment.
So what changed with The Platinum Card? I'll explain.
What changed with The Platinum Card's welcome offer?
Here's how Amex changed its language:
Old offer: 80,000 points for spending $8,000 in the first six months.
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