Amex cardholders can now save $ 2,000 or more on a mortgage

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Although American Express offers a variety of financial products, one area it has always avoided is mortgage lending. This is no longer the case.

American Express cardholders who obtain a mortgage from one of the business partners may receive a statement credit of $ 2,000 or $ 6,000 depending on the type of mortgage. It’s a savings offer you don’t see often, even with the best credit cards.

This advantage is offered through new American Express partnerships with two of the best mortgage lenders, Better Mortgage and Rocket Mortgage by Quicken Loans. If you are thinking of buying a home and have an American Express card, it is worth checking the rates with these partners to see if you can take advantage of them.

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The Amex mortgage savings offer

To get your mortgage savings, you need to go through the American Express offer page with Better or Rocket Mortgage by Quicken Loans. It is available for new home loans and refinancing. After the loan closes, American Express will credit you with either:

  • $ 2,000 on a compliant loan
  • $ 6,000 on a jumbo loan

There are some important terms and conditions you need to know to avoid any issues.

Offer available to American Express consumer personal card account holders. The primary cardholder must be a borrower or co-borrower on the home loan application. You cannot benefit from the offer if you have an additional card or if your American Express card is not a personal card.

The following types of cards are not eligible:

  • American Express Corporate Cards
  • American Express Small Business Cards
  • American Express Prepaid Cards and Products
  • American Express branded cards issued by other financial institutions

With a better mortgage, you need to lock in your rate by September 13, 2022 and successfully close the mortgage by December 17, 2022.

With Rocket Mortgage by Quicken Loans, you must submit a completed loan application by October 2, 2022 and successfully close the mortgage by January 5, 2023.

Keep in mind that your American Express card must be opened to get the statement credit. You will not receive it if you close your card before the credit is applied.

A high added value offer for American Express cardholders

American Express is known for its helpful partner offers. Most of them are shopping, travel or entertainment offers, so this mortgage offer deviates from the norm. Considering the value and the partners involved, this is a great first step towards home loan.

Better and Rocket Mortgage from Quicken Loans are both highly rated online mortgage lenders. You don’t have to worry about applying to an below average lender to get this offer. And whether you collect $ 2,000 or $ 6,000, you’ll save a respectable amount.

Best of all, the offer is available with all personal American Express cards, including cards with no annual fee. This isn’t limited to the more expensive cards in the lineup. You can qualify if you wear the Platinum Card® from American Express or a more affordable option.


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