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.
My review of the key Amex travel cards are here: American Express Preferred Rewards Gold, American Express Platinum, American Express Rewards, British Airways American Express (BA Amex), British Airways Premium Plus American Express (BAPP Amex), Starwood Preferred Guest (SPG Amex)
Application links are here: American Express Preferred Rewards Gold, American Express Platinum, American Express Rewards (representative APR 22.9% variable), British Airways American Express (BA Amex) (representative APR 22.9% variable), British Airways Premium Plus American Express (BAPP Amex) (representative APR 76.0% variable), Starwood Preferred Guest (SPG Amex) (representative APR 39.7% variable)
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free British Airways Premium Plus card currently given to long-standing American Express Platinum cardholders is being withdrawn.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.
Want to earn more points from credit cards? – August 2021 update
If you are looking to apply for a new credit or charge card, here are our August 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
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: