I know that a lot of Head for Points readers have taken out an American Express Preferred Rewards Gold card in the last few weeks as they try to top-up their Avios before the April 28th devaluation.
As a reminder, Amex Gold is free for the first year and comes with 20,000 or more Membership Rewards points (full details in my review). These can be converted into 20,000 Avios points or a whole load of other things.
If you’ve already got one, you are eligible for a further 3,000 Membership Rewards points for free.
Take a look here. You can apply for the Amex Gold credit card, to sit in your wallet alongside your Amex Gold charge card.
The representative APR is 14.9% variable.
Why would you want this? Well, there is one good reason – you receive 3,000 Membership Rewards points for signing up! As the Amex Gold credit card is free, you are getting points for literally nothing (except for possibly a ding on your credit report).
There isn’t much else to add:
You need to spend £500 in three months to receive the 3,000 Membership Rewards points
You will earn 1 Membership Rewards points for each £1 spent
There is no annual fee
In theory you must cancel your Gold credit card if you cancel your Gold charge card. The Gold credit card is not available as a stand-alone product. (This is important, as otherwise it would be an easy way of keeping your Membership Rewards account active if you chose to cancel your charge card.)
However, some people report that they are allowed to keep the Gold credit card. There is no pattern as to why, but if Amex allows you to do this then you do not need to empty out your Membership Rewards account.
Is there much point to having this card? Fundamentally, Amex is encouraging you to run up debt that you cannot afford to instantly repay (otherwise you would use your charge card). It will make your wallet thicker without adding any extra flexibility to how you spend, since it can’t be used anywhere where your Amex Gold isn’t accepted.
That said, 3,000 Membership Rewards points is worth having – that is 3,000 Avios or Virgin Flying Club miles.
Got a Platinum charge card?
Don’t worry, there is a similar deal for you too. A while ago I wrote about the ‘private’ Platinum Credit Card from American Express which also offers 3,000 Membership Rewards points. Not to be confused with the Amex Platinum cashback cards, this card is ONLY available to Platinum charge card holders.
Want to earn more points from credit cards? – March 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:
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.
Virgin Money is offering double points on spending until 14th April (£5,000 cap) to new customers when you apply for the Virgin Atlantic Reward+ Mastercard. Click here to learn more.
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:
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
Crazy 120,000 points bonus (to 9th April) and an annual £200 Amex Travel credit Read our full review
American Express Business Gold
Huge 60,000 points sign-up bonus (until 9th April) and free for a year 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.