As I have mentioned before on Head for Points, the American Express Platinum sign-up bonus of 50,000 or 52,000 Membership Rewards points (good for 50,000 or 52,000 Avios or various other things) is a great deal.
The Amex website was updated this week to say that the 50,000 points offer will end on 3rd March. (The 52,000 points is for people who are referred.) My best guess – and I honestly don’t know – is that it will drop back to 40,000 points, which is what it was until last Autumn.
So, if you meet the £40,000 household income requirement and have not had a Platinum, Gold or Green Amex in the last six months, you need to decide whether to go for it before the deadline.
If you apply direct, you will receive 50,000 Membership Rewards points (see here for what that gets you). Remember that you can cancel for a pro-rata refund of your £450 as soon as you’ve hit the £2,000 spend target. Cancel within 3 months, and your net fee will only have been (3/12ths of £450) £112 – a fantastic deal for 50,000 Avios!
However, the Platinum card has some great benefits – Cathay Pacific Gold card (= BA Silver and gets you into BA lounges), Starwood Gold, Club Carlson Gold, Accor Gold, 2 Priority Passes for lounge access when not flying BA etc – and you may decide that it is well worth keeping once you have got used to the benefits. I have had once since 1999.
You can get a higher bonus of 52,000 points if you are referred – please e-mail me at raffles [at] headforpoints.co.uk if you need a referral. There is £80 Quidco cashback on offer if you apply directly for the 50,000 point version, but I can offer you a deal which should make the referral route more valuable.