One year of British Airways lounge access with Amex Platinum …. you need to decide soon
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I wanted to gently remind everyone that time is running out if you want to apply for the American Express Platinum card in order to get the free Cathay Pacific Marco Polo Club Gold card.
The last day to apply for the Cathay Pacific Gold card will be 31st March. However, you must have your American Express Platinum card in your hand first. This means, realistically, that you need to apply for Amex Platinum in the next 2 weeks to be certain that you receive it before 31st March.
If you are not familiar with this offer, this is how it works.
When you take out an American Express Platinum charge card you can apply for a Cathay Pacific Marco Polo Club Gold card, valid for one year.
Cathay Pacific, like British Airways, is a member of the oneworld alliance. This means that your Cathay Pacific Gold card gives you the same benefits as a British Airways Silver card when you fly with BA.
In particular:
You can use BA lounges, even when flying economy – and bring a guest
You can use the lounges of any other oneworld airline when flying with them (Qantas, Qatar, Cathay, Finnair, Royal Jordanian etc)
You can select seats on BA flights for free
You get an additional baggage allowance (BA only)
You can check-in at business class desks
The full list of benefits from a oneworld Sapphire card (which is what both BA Silver and Cathay Gold offer) can be found here.
But doesn’t Amex Platinum have a £450 fee …..?
Yes, it does. However, the fee is refunded pro-rata when you cancel.
When you cancel, you keep the Cathay Gold card for the remainder of the 12 months for which it is valid. You also keep the three hotel status cards for the rest of the year – Starwood Gold, Accor Platinum and Carlson (Radisson) Gold.
There is also a very lucrative sign-up bonus with Amex Platinum, although you can only get this if you have not had an Amex Gold or Amex Platinum in the last six months. You will receive 30,000 Amex Membership Rewards points, which can be converted into 30,000 Avios or 30,000 Virgin Flying Club miles amongst other things.
This is how the maths could pan out for you:
Apply for American Express Platinum within the next 2 weeks, to guarantee that you receive your card by late March
Go online and order your Cathay Gold, Starwood Gold, Accor Platinum and Club Carlson Gold cards (last day for ordering Cathay Gold is 31st March)
Spend the £2,000 in 3 months required to trigger the 30,000 Membership Rewards points
Transfer your 30,000 points – plus the extra points from your spending – into 30,000 Avios, Virgin Flying Club miles or whatever other programme you choose
Cancel the card after three months for a pro-rata fee refund
So, for just £112, you will get ….
So, assuming you cancel the card after three months, for a net cost of just £112 (3/12th of £450):
you will have earned 30,000 Avios and
you get the equivalent of a British Airways Silver card for a year and
you get Gold status at Starwood hotels for a year and
you get Platinum status at Accor hotels for a year and
you get Gold status at Carlson (Radisson, Park Inn) hotels for a year.
Which sounds OK to me. A lot of people who take out the card intending to cancel actually end up keeping it, because the benefits package (which includes full travel insurance, Eurostar lounge access, two Priority Pass lounge access cards, access to Fine Hotels & Resorts deals, UK Hotel Collection deals and special Platinum promotions such as the free Melia hotel night last year) is impressive.
My full review of the American Express Platinum card is here.
Want to earn more points from credit cards? – April 2024 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:
Barclaycard Avios Plus Mastercard
Get 25,000 Avios for signing up and an upgrade voucher at £10,000 Read our full review
Barclaycard Avios Mastercard
5,000 Avios for signing up and an upgrade voucher at £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
40,000 bonus points and a huge range of valuable benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 bonus points 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:
SPECIAL OFFER: Until 12th May 2024, the Capital on Tap Business Rewards Visa card is offering a bonus of 30,000 points, convertible into 30,000 Avios. You must have a Limited Company to apply. Click here to learn more and click here to apply.
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
American Express Business Platinum
40,000 points sign-up bonus and an annual £200 Amex Travel credit Read our full review
American Express Business Gold
20,000 points sign-up bonus and FREE for a year Read our full review
Capital on Tap Business Rewards Visa
Huge 30,000 points bonus until 12th May 2024 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 Business Credit Card
1% cashback uncapped* on all your business spending (T&C apply) Read our full review
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