How Does Shop Small Work?
- When you make a transaction of £10 or more at a participating merchant from 1 to 31 July 2013, you will receive a £5 statement credit. You can receive one statement credit per merchant at up to 10 different locations, thereby receiving up to a maximum of £50 in statement credits. Participating merchants can be found at amex.co.uk/shopsmallmap
This is an important change from last time. Previously there was no limit so this change has a dramatic effect on the lucrative nature of this deal. It is unclear at this point whether the £50 limit is per account or per card with supplementary cards having their own limit. This will have to be tested once the campaign commences. Still, you can register every American Express card you and/or your partner has. So, if you have five cards you can earn up to £250 worth of statement credits.
The second major change from last time is you will receive £5 statement credit after a purchase of £10 or more. Previously, you earned £5 statement credit after £5 purchase, which, if used correctly, resulted in £5 worth of free stuff. American Express have clearly seen the madness of their ways. You are still getting a 50% discount on your £10 purchase so this is clearly still a very good deal, particularly as this deal covers places that will typically not have discount schemes already in place, such as your local pub!
How Do I Register?
- To be eligible for the £5 statement credit, you must register your American Express Card at amex.co.uk/shopsmall and use your registered Card for full payment. Transactions must be made in-store in order to receive the statement credit. Online transactions are excluded from this offer
Make sure you register ALL of your American Express, including supplementary cards, just in case.
What American Express Cards Can I Use?
- This offer is open to existing American Express Cardmembers with a UK issued Credit or Charge Card. American Express Corporate Cards and Prepaid Cards do not qualify for this offer
This deal covers all American Express personal cards, such as Platinum, Gold, Starwood, Lloyds TSB, British Airways, Diamond Club, American Airlines, etc. If it’s American Express then you can register it, including supplementary/additional cards.
When Will I Receive The Statement Credit?
- Statement credits are generally issued within three to five business days after your qualifying purchase, but may take up to eight weeks to be applied to your account
Keep a record of your purchases so you can always send a chasing email to American Express if it’s taking too long to process your statement credit.
Do I Earn Rewards For My Spend?
- The £5 statement credit does not count toward any rewards associated with your Card. This means that if you spend £15, any rewards points will be calculated on a net transaction of £10
Sadly your statement credits won’t earn Avios, Starwood points, American Express membership reward points, etc, depending on your card type. The rest of your purchase will though, and will count towards any minimum spend requirement if you’re chasing a sign up bonus.
What Happens If My Card Is Stolen/Lost?
- If your Card is issued directly by American Express and is lost or stolen during the campaign, American Express will automatically update your replacement Card with any campaigns that you have registered for. If your Card is issued by MBNA or Lloyds TSB, you will need to re-register your Card at amex.co.uk/shopsmall.
An important piece of information if your card is unfortunately lost or stolen.
My final note is based on my experience with the Shop Small promotion last time. Not all the participating merchants on the American Express website will actually be participating. So, always check if they do, in fact, accept American Express as a method of payment, and if they plan to add a surcharge.
Spend £10 or More and Get £5 Back with American Express - Shop Small
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