A reader emailed me last week to say that American Express tried to offer him the Gold Rewards Plus card when he called to cancel his Platinum charge card. This is the first time in two years that I have heard of this happening – to be honest, I thought Gold Rewards Plus had bitten the dust.
As it is clearly still around, it is worth reminding you what it is and why I am not enthused by it.
- I understand that it comes with the same travel insurance package as the Platinum card
- I understand that it comes with permanent double Membership Rewards points on travel and overseas purchases (as per Preferred Rewards Gold)
- I understand that it comes with 1 year of double points on supermarket and petrol spend (as per Preferred Rewards Gold)
- I understand that it offers 7,500 MR points each year when you renew, subject to spending £15,000 (as per Preferred Rewards Gold)
- I understand that it offers four ‘one use’ airport lounge passes via Lounge Club (Preferred Rewards Gold offers two)
As there is no publicly available documentation of the card, do not treat what I have written above as gospel. The annual fee for this card is £285.
This is a bad deal in my view.
Basically, it is the Preferred Rewards Gold card plus travel insurance, but without a sign-up bonus or fee-free first year.
However, if you cancelled your Platinum card and waited for six months, you could apply for Preferred Rewards Gold instead. This comes with a 20,000 point sign-up bonus (good for 20,000 Avios among other things), no fee for Year 1 and £125 thereafter.
Gold Rewards Plus has NO sign-up bonus and is £285 per year from Day 1.
If you want to know what the card looks like, it is identical to a standard Gold card. I think you basically just get a different covering letter and some travel insurance and two extra Lounge Club passes thrown in.
You could make the case that the travel insurance is worth the extra £160 (or £130 if you value the two extra lounge passes at £30) – it depends how many supplementary cards you can issue and whether everyone is covered. In some circumstances it might work out.
Given that Amex travel insurance now comes with extra terms and conditions (such as having to pay for flights and hotels with an Amex card to be fully covered) you may find it better value arranging your insurance elsewhere.
Want to earn more points from credit cards? – February 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.