American Express Credit Card Hacks Quiz

What is the 'once per lifetime' rule for American Express welcome bonuses?

• You can receive multiple bonuses for the same card every year.

• You can only receive one bonus per card in your lifetime.

• You can receive a bonus every 48 months.

• You can receive a bonus every time you spend $4,000.

How can you potentially find better welcome bonus offers for American Express cards?

• By using referral or affiliate links.

• By visiting the American Express website only.

• By waiting for a year after your first card.

• By calling customer service.

What is a benefit of tripling your credit limit on an American Express card?

• It reduces your annual fee.

• It allows you to get more welcome bonuses.

• It increases your spending power and improves credit utilization.

• It decreases your credit score.

What is a limitation when requesting a credit limit increase on an American Express card?

• You can only request it after 30 days.

• You can only request it once a year.

• You need to have a minimum income of $100,000.

• You cannot request it if your income hasn't changed.

What is the purpose of the CardPointers app?

• To track your spending habits.

• To calculate your credit score.

• To organize and maximize American Express offers.

• To apply for new credit cards.

How does Rakuten help American Express cardholders earn more rewards?

• By providing free travel insurance.

• By converting cashback into membership rewards points.

• By increasing credit limits automatically.

• By offering discounts on annual fees.

What is the conversion rate of cashback to membership rewards points with Rakuten?

• 0.5 cents per point

• 1.5 cents per point

• 1 cent per point

• 2 cents per point

What is a key benefit of the Charles Schwab American Express Platinum Card?

• It offers a lower annual fee than the regular Platinum Card.

• It allows cashing out membership rewards points at 1.1 cents per point.

• It provides free travel insurance.

• It offers unlimited welcome bonuses.

What is a consideration before opting for the Schwab Platinum Card?

• It does not offer any welcome bonuses.

• It requires a minimum income of $200,000.

• It is only available to existing Schwab account holders.

• It has a higher annual fee than the regular Platinum Card.

What is the annual fee for the American Express Platinum Card?

• $895

• $495

• $995

• $695