The Amex website was updated this week to say that the 50,000 points offer will end on 3rd March. 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.
Want to earn more points from credit cards? – September 2022 update
If you are looking to apply for a new credit card, here are our top recommendations based on the current sign-up bonuses.
In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.
You qualify for the bonus on these cards even if you have a British Airways American Express card:
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.
EDIT: Until 25th October 2022, there is an exceptionally generous sign-up bonus on The Platinum Card. You will receive 60,000 Membership Rewards points – double the usual amount – and £200 to spend at Amex Travel. You need to spend £6,000 within six months to earn the bonus.
British Airways American Express Premium Plus
25,000 Avios and the UK’s most valuable card perk – the 2-4-1 voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review
The Platinum Card from American Express
60,000 points, £200 travel credit and an unbeatable set of travel benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 points bonus and 1.5 points for every £1 you spend Read our full review
Earning miles and points from small business cards
If you are a sole trader or run a small company, you may also want to check out these offers:
American Express Business Platinum
40,000 points sign-up bonus and a long list of travel benefits Read our full review
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
British Airways Accelerating Business American Express
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
Capital On Tap Business Rewards Visa
50,000 points bonus until 2nd October – the most generous Avios Visa for a limited company Read our full review
For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.