If you have an American Express Platinum card, you probably got an email on Friday saying that you will get a 25% bonus when you redeem your Membership Reward points via Platinum Travel. This would cover any prepaid flights or hotels.
This is not a great deal.
The standard redemption value when you use points to pay for Amex Travel bookings is 0.45p per point. This is rubbish, when you assume that you can get 1 airline mile per point instead.
You’re actually better off redeeming for Nectar points and getting 0.5p per point off your Sainsburys shopping.
The extra 25% bonus takes you to 0.57p per point. This is still poor, and I doubt any HfP reader would get value here. Give it a miss.
Want to earn more points from credit cards? – June 2021 update
If you are looking to apply for a new credit or charge card, here are our June 2021 recommendations based on the current sign-up bonus.
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the other top current deals:
British Airways American Express
5,000 Avios for signing up, no annual fee and a companion voucher for spending £20,000 Read our full review
British Airways American Express Premium Plus
25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review
The Platinum Card from American Express
30,000 points and an unbeatable set of travel benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 points bonus and the most generous non-Amex for day to day spending 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.
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
American Express Business Platinum
40,000 points sign-up bonus and a long list of travel benefits Read our full review
British Airways Accelerating Business American Express
Earn both Avios and BA On Business points with your business spending Read our full review
Capital On Tap Business Rewards Visa
The most generous Avios Visa or Mastercard for a limited company Read our full review