Got Amex Gold / Plat? Get 3,000 free MR points with the companion credit card

If you currently have an American Express Preferred Rewards Gold or American Express Platinum charge card, you should be eligible for a special offer for five days only.

If you add the (free) Platinum credit card or (free) Gold credit card to your account, you will receive 3,000 Membership Rewards points.

Amex Gold credit card

To see this offer, you need to log in to the statement page on the American Express website, desktop or mobile version.  It is not on the American Express app.

You should see a banner ad at the top of the statement page together with a link to click to apply.  Most people appear to have it although I doubt everyone will see it.

The representative APR on both credit cards is 14.9% variable.

Why would you want this? Well, there is one good reason – you receive 3,000 Membership Rewards points for signing up!  As the Amex Gold or Amex Plat credit cards are free, you are getting points for literally nothing (except for, presumably, a ding on your credit report).

There isn’t much else to add:

You need to spend £500 in three months to receive the 3,000 Membership Rewards points

You will earn 1 Membership Rewards points for each £1 spent

There is no annual fee

In theory you must cancel your credit card if you cancel your Gold or Platinum charge card.

However, some people report that they are allowed to keep their credit card when cancelling the charge card.  There is no pattern as to why, but if Amex allows you to do this then you do not need to empty out your Membership Rewards account – although you won’t reset the six month clock on when you can reapply for a charge card until you do.

Amex credit card

Is there much point to having this card for the long term?  No.

Fundamentally, Amex is encouraging you to run up debt that you cannot afford to instantly repay, otherwise you would use your charge card instead.  It will make your wallet thicker without adding any extra flexibility to how you spend, since it can’t be used anywhere where your Amex Gold or Platinum charge card isn’t already accepted.

If you DO pay interest on your credit card bill every month, then you do NOT want to be doing it on this card given the 14.9% interest rate.  There is only one low rate credit card which also offer points and that is the Tesco Clubcard Low Rate MasterCard.  This lets you earn Avios points or Virgin Flying Club miles, if you convert the Clubcard points, and has a market leading low interest rate of 5.9% variable.  You can apply for the Tesco Low Rate MasterCard here.

3,000 Membership Rewards points is worth having – that is 3,000 Avios or Virgin Flying Club miles.  Just don’t start running a balance on the card and paying 14.9% interest.

(Want to earn more miles and points from credit cards?  Click here to visit our dedicated airline and hotel travel credit cards page or use the ‘Credit Cards Update’ link in the menu bar at the top of the page.)

Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history.  By recommending credit cards on this site, I am – technically – acting as a credit broker.  Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.

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Comments

  1. I managed to call up and get this on my gold card but they said they had never heard of such a card on platinum, is this correct? Thanks

  2. ok so saw the links, it is for the basic Platinum card not the premium one and no other cards, is that correct? Thanks. Sorry made the assumption it was on the premium.

  3. Attempted to apply for the Gold credit card but kept giving the unavailable warning so went for the Platinum and went straight through. Not sure what that was all about. Will spend the 500 pounds on our return to the UK and cancel for 3k easy MR points.

    • … and none too concerned about the occasional ding on my credit report as it’s in tiptop condition so will happily go about my usual business without interruption.

  4. Andy S says:

    I was seeing the banner until recently – just thought I would sign up and it’s gone. It did end on the 31st and not the 30th didn’t it ?

  5. Optimus Prime says:

    I applied on 27th May for the Platinum one and haven’t received yet. Has anyone?

    On the other hand I did apply for SPG Amex a couple of weeks ago and for the first time they asked me to send proof of address and passport copy.

  6. Peter W says:

    Just wondering if anyone else’s 3000 points haven’t appeared in their account. It looks like the 550 or so points I have earned were added manually as they don’t show up next to each purchase like they do on my charge card. Will contact customer services if no one else has had this.

  7. Name Change says:

    Same as Peter W – points for spending have (just) posted but not the 3000.

    Will give it a day or two and then enquire.

    • Phatbear says:

      When did you get your card?

      The t&c’s clearly state that:

      “Please note that it can take up to one month for bonus points to be awarded to your Account”

  8. Peter W says:

    It’s less than a month so will hold on. My previous sign up bonuses were there within hours so got twitchy.