Get 30,000 Membership Rewards points with the Amex International $/€ Cards

Even if you no longer qualify for a bonus on any of the personal UK American Express cards, there IS one generous bonus which you may well be able to get.

American Express is still offering 30,000 bonus Membership Rewards points when you apply for the American Express Platinum International Currency Card.

You will get the sign-up bonus even if you currently hold a Gold, Platinum or any other Membership Rewards-enrolled UK Amex card as this operates via a different Membership Rewards scheme.

I need to be clear up front:  the rules of the International Currency Card say that you won’t get the bonus if you have another Membership Rewards card, or have had one in the last six months.  However, this ONLY applies to the same national MR scheme.

The fact that you must be an existing American Express cardholder to apply for an ICC card means that this must logically be the case – because otherwise very few people would qualify for the bonus ….

What is an Amex International Currency Card?

American Express issues two cards for anyone globally who would prefer to bank in US$ or Euros.

These cards are known as International Currency Cards, with the individual cards known as the International Dollar Card (IDC) and International Euro Card (IEC).  They are available in Green, Gold and Platinum versions.  The cards are run from Brighton which is very convenient if you have any issues.

There is no sign-up bonus for the Gold or Green card.  However, the Platinum International Currency Card currently offers a sign-up bonus of 30,000 Membership Rewards points.   Full details can be found here.

There are a few very important things you need to know about the International Currency Cards:

30,000 Membership Rewards points does NOT get you 30,000 Avios.  The International Currency Cards have their own separate Membership Rewards programme.  The conversion rate to Avios is 3:2 so your 30,000 point bonus is only worth 20,000 Avios or Virgin Points.  I look at this in more detail below.

You must be an existing American Express customer and have held your card for at least six months

You cannot apply if you live in the European Union, USA or Singapore

You must have an income of (equivalent) €65,000 for the Euro card and $65,000 for the Dollar card

There is an annual fee of €550 / $550.  I assume that this is refundable pro-rata if you cancel, as all other global Amex cards I know work this way.

I have the Green version myself mainly to allow points transfers to the Jumeirah Hotels ‘One’ scheme at 4:1 and to the Singapore Airlines KrisFlyer scheme at 1:1.

Here are some reasons to apply:

If you spend a lot of money in $ or € you will avoid the FX fee on using a £ Amex card

Some Membership Rewards partners transfer 1:1 out of the IDC / IEC scheme – see below.  There are also partners such as Malaysia Airlines and Jumeirah Hotels which are not in the UK Membership Rewards scheme.

You can transfer your UK Membership Rewards balance to your new IDC or IEC Membership Rewards account.  Your balance will be increased by the current exchange rate, so your balance is boosted by 18% (Euro card) or 35% (Dollar card).  In most cases, however, this is not worth it due to the poorer transfer rate from the IDC/IEC Membership Rewards scheme.

You can transfer your International Currency Card Membership Rewards balance to your UK Membership Rewards account.  Your balance will be reduced by the current exchange rate.  This means that your 30,000 points bonus is worth roughly 25,000 UK points if you take out a Euro card and 22,000 points if you take out the Dollar card.

You get free travel insurance with the card which has a maximum age limit of 80 years (UK Platinum card limit is 70 years) and there are minimal restrictions on having had to pay with your card

You get the same Priority Pass airport lounge access benefits, Eurostar lounge access benefits and Marriott Bonvoy, Hilton Honors, Radisson Rewards and MeliaRewards hotel status benefits, as you would get with the UK Platinum Card

The foreign exchange fees are an issue, however

To trigger the 30,000 bonus Membership Rewards points, you need to spend €5,000 (on the International Euro Card) or $5,000 (on the International Dollar Card) within three months.

If you do this spending in the UK, you will incur a 3% foreign exchange fee.  You will also incur fees when you pay your statement, depending on what your bank charges to send funds in € or $.  The $ card requires payment to a Standard Chartered bank account in New York, for example – HSBC lets me pay this from my current account but obviously the FX rate is not the best.

If you have a Euro or $ bank account then you can pay by direct debit.  A Euro-denominated Revolut account, for example, works fine based on reader feedback.

If you are in a position to charge €5,000 (on the Euro card) or $5,000 (on the Dollar card) in local currency then this is a far better deal.  This will be very difficult for most of us, unfortunately.

Be very clear – if you make the qualifying spend in Sterling and pay the 3% FX fee, as your card will be operating in Euro or Dollars, it will wipe out much of the value of the sign-up bonus.

How does the Membership Rewards scheme work?

Here is the Membership Rewards online catalogue for the IDC Amex cards.

Which partners offer 1:1 transfers?

The following airline partners let you transfer 1:1 from the IDC Membership Rewards programme into your airline account. This means that the 30,000 points sign-up bonus is worth 30,000 miles:

• Cathay Pacific Asia Miles (oneworld)
• Finnair Plus (oneworld)
• Malaysia Airlines Enrich (oneworld)
• Singapore Airlines KrisFlyer (Star Alliance)

These 1:1 transfers can offer you a great deal.  Remember what I said above – if you transfer your UK Membership Rewards balance to your new International Currency Card, your points balance is grossed up.

Let’s assume you have 200,000 UK Membership Rewards points, worth 200,000 KrisFlyer miles.  If you open the International Dollar Card, you can move across your UK points and they are grossed up by the current $ exchange rate of 1.35.  You will suddenly have 270,000 $ Membership Rewards points, worth 270,000 KrisFlyer miles.

Which partners offer weaker 3:2 transfers?

The following airlines and hotels are also IDC Membership Rewards partners but are NOT worth transferring to directly because they have adjusted their transfer rate compared to the UK scheme.

It would make more sense to transfer your points from your IDC card into your UK Membership Rewards account and move them from there.

• Avios (BA and Iberia) 3:2 (UK scheme 1:1)
• Delta Skymiles 3:2 (UK scheme 1:1)
• Emirates Skywards 3:2 (UK scheme 1:1)
• Etihad Guest 3:2 (UK scheme 1:1)
• Flying Blue 3:2 (UK scheme 1:1)
• Hilton Honors 4:5 (UK scheme 1:2)
• Marriott Bonvoy 1:1 (UK scheme 2:3)
• Radisson Rewards 2:3 (UK scheme 1:3)
• SAS EuroBonus 3:2 (UK scheme 1:1)
• Virgin Flying Club 3:2 (UK scheme 1:1)

Which new partners will be available to me?

The following are not in the UK scheme but are in the IDC scheme, so this is the only way to earn points via Amex in these schemes:

• Jumeirah One – 4:1
• Qatar Airways Privilege Club – 3:2
• Malaysia Airlines – 1:1

Conclusion

Do not be swayed by the headline offer of 30,000 American Express Membership Rewards points for getting this card.  You need to think very carefully before applying:

remember that the 30,000 points are not worth 30,000 Avios – to maximise value you need to transfer them to a UK Membership Rewards account and they will be devalued by the current exchange rate (eg 30,000/1.19 for the Euro card)

remember that, unless you intend to spend €5,000 or $5,000 in local currency in the next three months, you will be incurring foreign exchange fees on your Sterling spending in order to trigger the bonus

remember that you are likely to incur fees and/or weak exchange rates transferring money from your UK bank account to the overseas accounts Amex uses for collecting payments

This is definitely not something for beginners.  That said, if you are can spend €5,000 or $5,000 in local currency to trigger the bonus then it is worth a closer look.

You can apply via the International Currency Cards website here.

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Want to earn more points from credit cards? – July 2025 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 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

Get 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.

SPECIAL OFFER: Until 15th July 2025, the sign-up bonus on the Marriott Bonvoy American Express Card is TRIPLED to 60,000 Marriott Bonvoy points. This would convert into 25,000 Avios or into 40 other airline schemes. It would also get you at least £300 of Marriott hotel stays based on our 0.5p per point low-end valuation. Other T&C apply and remain unchanged. Click here for our full card review and click here to apply.

SPECIAL OFFER: Until 14th August 2025, the sign-up bonus on the Hilton Honors Plus debit card is TRIPLED to 30,000 Hilton Honors points. You will also receive Gold Elite status in Hilton Honors for as long as you hold the card. Click here for our full card review and click here to apply.

American Express Preferred Rewards Gold Credit Card

Your best beginner’s card – 20,000 points, FREE for a year & four airport lounge passes Read our full review

British Airways American Express Premium Plus Card

30,000 Avios and the famous annual Companion Voucher voucher Read our full review

The Platinum Card from American Express

50,000 bonus points and great travel benefits – for a large fee Read our full review

Virgin Atlantic Reward+ Mastercard

18,000 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:

The American Express Business Platinum Card

50,000 points when you sign-up and an annual £200 Amex Travel credit Read our full review

The American Express Business Gold Card

20,000 points sign-up bonus and FREE for a year Read our full review

Capital on Tap Pro Visa

10,500 points (=10,500 Avios) plus good benefits Read our full review

Capital on Tap Visa

NO annual fee, NO FX fees and points worth 0.8 Avios per £1 Read our full review

British Airways American Express Accelerating Business Card

30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review