Congratulations if you got the Amex Gold with no fee and 20,000 sign-up points …

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…. because Amex has just taken an axe to the sign-up bonus.

The deal for getting the American Express Preferred Rewards Gold card is now 10,000 Membership Rewards points (was 20,000).  These transfer at 1:1 to Avios, amongst other options.

Amex Gold

It is still not a bad deal, of course, given there is no card fee for the first year.  However, if you were thinking of getting it then I would hold off for a few weeks as September may see a batch of new offers.

(To see our complete list of all current credit card bonuses, click here to visit our ‘Credit Cards Update’ page or use the link in the menu bar at the top of the page.)

£5 - £20 off Monarch flights
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AMEX Gold 20,000 bonus points
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