One thing about casino rewards for the most popular payment methods is that they are non-withdrawable. However, you can withdraw winnings from these rewards after fulfilling the wagering requirements. This is the number of times you play using the bonus money before withdrawing winnings.
Here is an example; a casino can reward you with ten free spins on a slot machine after making an Amex deposit. Then, the bonus terms specify that you must meet a 20x wagering requirement before cashing out winnings. If you win $50 from these free spins, you’ll wager winnings from that amount by 20x before cashing out. So, if the amount is $50, you must play for $250.
Earning winnings from American Express bonus money is a lot more straightforward. You must only multiply the bonus amount by the wagering requirement to know the amount to play with before cashing out. But either way, stick to American Express rewards with the lowest possible wagering requirements.
Other American Express Bonus Conditions to Note
Besides the wagering requirement, players should also read the Amex bonus terms to know the following:
- Bonus validity duration
- Maximum winning amount
- Qualifying games
- Minimum deposit amount
- Game contribution percentage
Don’t overlook the qualifying games, because this can determine whether you win real money from the Amex bonus. Here is the thing; a player using their Amex deposit free spins on a slot machine with higher RTP (return to player) and low volatility has higher odds of winning a payout than one playing on an opposite slot. Choose the games carefully!