During Restaurant Week, get Amex Credit for Dining Out in New York

Next Monday, January 16, New York is kicking-off its 4-week-long Restaurant Week. As mentioned in my previous post, from Monday through Friday, January 16 to February 10, several restaurants in the city will be offering 3-course fixed-price meals for $24.07 during lunchtime and $35 during dinner.

Just like last year, American Express will be one of the event’s major sponsors – but this time with a much simpler promotion for restaurant guests. If you are an Amex cardholder, you can earn a $20 credit on your next billing statement after dining 3 times at any NYC Restaurant Week participating restaurant. You can mix and match the restaurants as long as they’re on the list. Last year’s promotion required a foursquare account and “synching” your Amex card, but this time all you have to do is sign up on the Restaurant Week/Amex webpage.

This offer is limited to the first 15,000 people who sign up, and each cardholder can only earn one $20 statement credit during the promotion period. Prepaid cards and corporate cards are not eligible for the promotion, nor are payments made through Amex’s “expresspay” feature. But if you are a regular Amex consumer or business card holder, this offer can be a fairly good deal. The minimum spend for your dine out to count for the credit is $24, but if you’re choosing from the Restaurant Week menu you’ve already got that covered. And getting $20 for spending $72 (plus tax) on 3 3-course lunches isn’t bad at all. There may be no such thing as a free lunch, but $20 gets you pretty close to a fourth Restaurant Week one.

AMEX offers $20 for 3 Restaurant Week dines in NY

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New York + Restaurant Week + AMEX + foursquare = $5 off

If you’re in New York this summer, make sure to check out its Restaurant Week event. What originally started as a week in which higher-end restaurants offer affordable fixed-price deals has been extended in several cities, such as Boston and Philly, into two-week events. But New York has taken it to a new extreme – the city’s 2011 Restaurant Week was scheduled for July 11-24, but has since been extended for another six weeks.  The NYC Restaurant Week Extension runs from July 25th to September 5th (excluding Saturdays and, depending on the restaurant, Sundays as well) with lunch specials for $24.07 and dinner for $35.

And American Express and the social media enterprise foursquare have stepped in to make this summer deal even sweeter. If you are a foursquare member, you can get a $5 credit on your Amex statement when you use your Amex card at a participating restaurant.

To get the credit, you have to register (“sync”) your Amex card to your foursquare account, and “check-in” at a participating restaurant during the Restaurant Week Extension period. When you do so, you will automatically get an offer on your phone. After accepting the offer (“Load to Card”), if you spend $24 or more – which you probably will, considering that the lunch deal is $24.07 and dinner is more expensive anyway – and pay with your Amex card, you should get a $5 credit on your credit card statement within 5 business days.

If you don’t have a foursquare account, you can download the program onto your phone for free. Note, however, that Prepaid and Corporate Amex cards and payments using Amex’s ExpressPay feature are not eligible for this offer. And if you have multiple Amex cards, you can only have one “synched” with your foursquare account at a time. Also, you can only earn one of these $5 statement credits per participating restaurant, though there’s no limit to how many credits you can earn if you go to a different restaurant each time. Almost all restaurants in participating in the Restaurant Week Extension are part of the Amex/foursquare statement credit offer, but for a list, click here.

If are in New York before Labor Day, be sure to check their Restaurant Week Extension offer. The list of participating restaurants may be a good place to start if you’re just looking for a place to eat. And even if you already have your dining plans set, you never know – you could find out that the restaurant you are visiting just happens to be participating as well. Then don’t forget to check-in and use your Amex card to get $5 back.

This Week’s Five Loyalty Deals

Loyalty programs are already set up to reward customers for their frequent patronage by offering points, miles, or exclusive discounts.  But sometimes there are periodic promotion periods in which the reward system is ramped up either to pick up sales during a down time or simply to encourage continued customer loyalty.  Either way, there are savings to be had or extra points or miles (eventually converted into extra savings or a freebie) to be earned.

Here are five loyalty deals for this coming week or longer:
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Credit Card Offers Reward the Prudent and the Patient

Over the last few months I received three invitations from American Airlines/ American Express to sign up for a new joint AA-Amex credit card that would not have an annual fee as long as I kept my current American Airlines Citibank MasterCard as well.  As a sign-up bonus, the AA Amex card would give me 20% more miles during the first 12 months.  I assume this offer was sent to all AA Citibank card holders, and although I contemplated signing up for the card, I ultimately decided that 20% was not enough to convince me to add another card to my wallet.

We already wrote about checking your “junk mail” for interesting offers, but here I clarify that statement – don’t jump into any “junk mail” offer you get either.  Weigh the offer and consider your circumstances as well.  Naturally, if you accepted every single credit card invitation that included some kind of reward, you credit score would probably suffer while your wallet would likely be overflowing with cards.  Rather, when deciding whether to switch or take on a new rewards credit card, consider how it fits with your other cards.  Is the new card offering you a 1% cash back on everything when you already have a card that offers that?  Does it make sense for you to take on a new credit card with a different rewards program and split up your point accumulation?  That’ll largely depend on whether each of the reward schemes offers something unique and valuable to you, the reward rate of each card, as well as how much you put on your credit card each month.  If your credit card bill is small and it already takes you a while to accumulate enough points for a reward, for example, splitting your purchases between two cards will mean it’ll take even longer. Continue reading