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15,000 Amex points for upgrading your Gold to Platinum – worth it?

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American Express has sent an offer to some Preferred Rewards Gold cardholders offering them 15,000 Membership Rewards points if they upgrade to American Express Platinum.

Even if you did not receive this offer, it still seems that you can still take part – you are directed to this generic Amex website which appears open to any Amex Gold customer.

Is this a good deal?

Ordinarily, I would say ‘No’.  If you are interested in the Platinum card and already have an Amex Gold, the most effective thing to do would be to cancel your Gold card, wait 6 months and then make a fresh application for Platinum.

Because of the 6 month gap, you will qualify for the full sign-up bonus, which is currently 30,000 Membership Rewards points. This is obviously better than just 15,000 points.

However …..

At the moment, there is a good reason to consider Amex’s 15,000 point offer.

As I wrote here, the Cathay Pacific Gold card will cease to be an Amex Platinum benefit from 15th February.  As this card gives you almost all of the benefits of a British Airways Executive Club Silver card, including British Airways lounge access, it is well worth having.

If you currently have an Amex Gold, cancelling and waiting 6 months to apply for Platinum will be too late – the Cathay deal will have disappeared.

If you are an Amex Gold cardholder and are interested getting a Cathay Pacific Gold, this is a pretty good offer.

Remember that, whilst Platinum has a £450 annual fee, it is refunded pro-rata when you cancel.  You only need to spend £1,000 to trigger the 15,000 bonus points for upgrading, and you can order your Cathay card as soon as your Amex Platinum arrives.

If you found that the Platinum benefits didn’t work for you after 2-3 months, you could cancel for a fee refund – you would only be £75 – £110 out of pocket.  You would still have the extra 15,000 Membership Rewards points and the Cathay Pacific Gold card would remain valid for the full year.

The upgrade link is here if you are interested.  The Comments below suggest that your existing Gold card is immediately upgraded, so you will not have a separate Gold and Platinum card going forward.

The general American Express Platinum website, with more details on the card, is here.

Want to earn more points from credit cards? – March 2023 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.

SPECIAL OFFER: Successfully apply for either of the Barclaycard Avios credit cards by 2nd April 2023 and you will be entered into a free draw to win ONE MILLION AVIOS! Full details are on the application forms here (free) and here (paid). This competition is exclusive to Head for Points readers. T&C apply.

You qualify for the bonus on these cards even if you have a British Airways American Express card:

Barclaycard Avios Plus card

Barclaycard Avios Plus Mastercard

25,000 Avios for signing up and an upgrade voucher for spending £10,000 Read our full review

Barclaycard Avios card

Barclaycard Avios Mastercard

5,000 Avios for signing up and an upgrade voucher for spending £20,000 Read our full review

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.

British Airways American Express Premium Plus

25,000 Avios and the famous annual 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 & four airport lounge passes Read our full review

The Platinum Card from American Express

30,000 points and unbeatable 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:

Until 30th March 2023, the sign up bonus on American Express Business Platinum is increased to 120,000 Membership Rewards points – click here. The bonus on American Express Business Gold is increased to 60,000 Membership Rewards points – click here. T&C apply, see the application forms for details.

American Express Business Platinum

Crazy 120,000 points bonus (to 30th March) and a £200 Amex Travel credit every year Read our full review

American Express Business Gold

60,000 points sign-up bonus (to 30th March) 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

Get a 10,000 points bonus plus an extra 500 points for our readers 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.

Barclaycard Select Cashback credit card

1% cashback (3% for 3 months if you apply by 31st March) and no annual fee Read our full review

Comments (104)

This article is closed to new comments. Feel free to ask your question in the HfP forums.

  • stevejnr says:

    does the priority pass lounge card entitle you to bring a guest for free? This could be the deal breaker for me!

  • stevejnr says:

    Merry Christmas Raffles!

    Also, does the priority pass entitle a guest to enter the lounge free with you? That’s the deal breaker for me!

    • Alan says:

      Yes, the one provided with the Platinum card allows for a free guest.

    • Rob says:

      Yes. Your Platinum supplementary card holder also gets a card and can also bring a guest, so it works for a family of 4.

      • stevejnr says:

        Top Marks Raffles, I hope your website is doing okay for you – I try and use your ebay / Amazon links when I remember.

        Sold! I think Amex is going to start making some money out of me now.
        Well played Amex, everyone’s a winner!

  • Max says:

    If I successfully upgraded from Gold today (and before the Platinum card arrives), will my spend link to the Gold or Platinum card?

  • Kurshee says:

    If I am on a BA flight and want Tier points/Avios on my BA account, can I still use the CX card for lounge access?

    • Rob says:

      Yes. If you want free seat selection you need to put the Cathay number in the booking but can swap it later. Some lounge staff insist the Cx number is in the booking, you then need to swap it back in the lounge before boarding.

  • George says:

    So this upgrade actually cancels the Gold card and all its bonuses (like double points for supermarket spend etc). Is there a way to get the Platinum but also retain the Gold card? Would that mean a fresh application with no actual registration bonus?

    • Rob says:

      Yes. You can hold Gold and Plat together but you won’t get the bonus on Plat, unless Amex make a mistake.

      • George says:

        Thanks Rob – how much of a red flag would it be if I went for the Platinum now and a BA Premium Plus on (the end of) January?

        • Rob says:

          If the Plat is purely an upgrade of your Gold, and so a replacement, probably OK.

  • Ian says:

    Does the Priority Pass continue to work after the card has been cancelled?

  • ECR says:

    I could live with the £450 fee for a year to get the Cathay card, but I’m not sure it is worth the fee without it.

    Does anyone know if Amex would be willing to downgrade back to Gold after 12 months? I don’t really want to have to cancel and reapply.

    • Rob says:

      It won’t be a problem EXCEPT your Gold application will (I imagine) not qualify for the ‘no fee for the first year’ deal.

  • selfy says:

    Does anyone know if this upgrade works from Bubusiness Gold to Business Platinum?


This article is closed to new comments. Feel free to ask your question in the HfP forums.

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