Changes may be coming to American Express sign-up bonuses
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Two readers have contacted me in recent days to say that they have been told by the American Express call centre that imminent changes are coming to the way sign-up bonuses are earned.
The two stories are contradictory. It doesn’t really matter which is correct, however, as the end result in both scenarios is worse than the current requirement to leave a six month gap between cancellation and re-application.
All I would suggest is:
If you are planning to cancel a card this month with a view to reapplying later, you may want to hold off. There may be no point in cancelling if you do actually want to keep the card long term.
If you are planning to re-apply for an Amex card which you have had in recent past, you may wish to re-apply sooner rather than later. You may not be eligible to receive another bonus if the rules change.
Let me stress that this is all speculation and that nothing has been officially announced.
Separately, a third reader was warned by the Amex call centre that the free British Airways Premium Plus card currently given to long-standing American Express Platinum cardholders is being withdrawn.
This feature was stopped for new Platinum cardholders a few years ago but many readers – including myself – still benefit from it to the tune of a £195 annual saving. I should note that I only have one data point on this and Amex call centre gossip can often get confused as it passes down the line.
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Want to earn more points from credit cards? – February 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 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
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.
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
British Airways American Express Premium Plus
30,000 Avios and the famous annual 2-4-1 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:
American Express Business Platinum
50,000 points when you sign-up 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 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 1 Avios per £1 Read our full review
British Airways American Express Accelerating Business
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios 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 when you spend at least £2,000 per month.
Barclaycard Select Cashback Business Credit Card
Get 1% cashback when you spend at least £2,000 per month* Read our full review
