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In this video we look at the new online checking account from American Express which features an Amex debit card that earnes membership rewards points. This is rare for a debit card, since most of them don’t earn rewards at all, that is normally limited to credit cards.
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46 comments
Amex will finally discover that I'm broke!!!
You can do 2 tax payments per processor per estimated tax quarter
Say you get the checking account and put b $250k in it wolud you have a better chance of getting the black card from amex
Crypto?
Rack points on your credit card and pay the balance off with this debit card to make points as well. It's a W for me
For “eligible” purchases only. Make sure to read the fine print.
I was going to sign up for this card to earn points on my mortgage payments. Then I realized they don’t accept American Express. 🤷♂️
What do you do if a merchant doesn't take Amex, would they still be able take an Amex debit card since it's under the same network?
Should be interesting to see how this impacts the Charles Schwab Amex cards and checking accounts.
Spend 15k on card get 1 night stay free for 500$ lol how’s that a deal
Doesn’t help anyone who is not already an Amex card holder.
I love it! But I have an AMEX card already. I love the Debit feature!
Are Amex points earned on ACH payments as well? Or just debit card purchases?
Will this debit card work with Zelle services?
I don’t like this card because you have to have an online account in order to apply for it they make it easy to apply for it like a normal debit card or you just go online and you fill out the application and then after that you create the online account access they want you to have a online account access before getting this card because I tried to apply for yesterday and it kept on asking me for a credit card number or a debit card number to access an account so I can apply for this card so I think that’s dumb they’re not really trying to compete they’re not just given access to everybody for this card I guess you have to be a Airmax member in order to complete
eww debit cards
I would imagine that as soon as you type your debit card number and it begins with a “3,” the IRS will automatically treat it as an Amex credit/charge card.
For the beard!
Dave Ramsey approved
I'm here for the beard lol
Great video! I'll wait till they come out with a sign up bonus.
It is not the best deal altogether. However, being able to leave Wells Fargo and double up on the Amex customer service. That is why I am moving on.
So if one was considering to close say an AMEX Gold Card, if you had this checking account, you could move your MR points to this Amex checking without having to use those MR points or lose them, correct?
Oh no definitely not leaving Chase for this but great video 👏🏾👏🏾👏🏾
Are they launching anything similar in the U.K.?
Not gonna lie, the design on that debit card is lowkey nice🔥
But will it be accepted as a debit card that does not take amxed CC's?
Hi, I watch a lot of your videos, but this is the first time I commented 😁 I love your videos…I hope they bring this to the uk too… 😁
This is great. Verizon gives me a discount if I pay with a debit card… I have a lower monthly spend, so if I can earn points on every transaction I’ll take it
I'm interested in a video about where you keep your money now that you mentioned it
GLd to see your channel growing Ben.
Pass…
How will I get my money out? What ATMs?
I will use this card to pay rent without worrying about Credit card processing fees
Is this replacing the AmEx serve card?
Not sure If I missed it or it's not an option but would it be possible to pull all your points from say an (amex gold or amex platinum) and transfer them to this debit card and cash out at .008 cents per point ?
Hmm 🤔 I love seeing this. Keep going Amex. I want to cut off BOA
So the points from the debit card can I transfer it to the American Express green charge card ?
!
We're sorry. We are unable to offer you an American Express® Rewards checking account at this time.
Offer availability is subject to change and is based on your eligibility factors. Thank you for your interest in American Express.
YOU FORGOT TO MENTION THAT IT DOES NOT SUPPORT ZELLE AND BILLPAY… KIND OF A DEAL BREAKER FOR ME.. AND THE ATM NETWORK IS ONLY MONEYPASS NO ALLPOINT
Now my question is, are Amex more likely to give you preapprovals if you have a checking and/or savings account with them? They will obviously be able to see that you have money if you use them.
The dispensary in California I go to only takes Debit card or cash. Pretty stoked I can get MR points on my weed purchases 😂
I have a savings w them at .5% this makes me want to consider a checking w them but if it’s gonna be an AMEX issued card idk if I wanna go that route cause I have had issues in the past w places not accepting it.
Discover has a cash back debit card fyi. I have this new AmEx checking card and the Discover debit.
Unfortunately I was denied for the checking account. Unlucky