American Express has launched a generous spend bonus on its Gold and Platinum cards.
Tucked away down the bottom should be a generous spend bonus running from 15th November to 15th December. You MUST ‘save to card’ in order to activate this.
There seem to be many different permutations. In our house we got:
- Spend £400, get 500 bonus Membership Rewards points, and
- Spend £1,300, get 1,000 bonus Membership Rewards points
Readers also reported:
- Spend £4,100, get 4,000 points
- Spend £2,500, get 2,000 points
- Spend £2,200, get 1,500 points
- Spend £1,300, get 500 points
- Spend £1,100, get 500 points
- Spend £1,000, get 1,000 points
- Spend £700, get 500 points
- Spend £400, get 1,000 points
There seems to be no real logic to it. Note the 15th November start date. Any spend you make today will not count.
Why is Amex doing this? Simple
As we have covered before on HfP, in one of the more bizarre court interpretations of a piece of legislation I have seen, Amex has been forced to cut the fees it charges to retailers who accept its co-brand cards (eg BA, SPG, Nectar). It has NOT been forced to cut the fees retailers pay to accept Gold, Platinum, Green and Amex Rewards cards.
The company wants to quietly convince you to drop your co-brand card in favour of a non-co-brand card, where they make substantially more per transaction. This is why cardmember offers have virtually disappeared from the BA and SPG American Express cards and why Amex is running generous offers like this.
Want to earn more points from credit cards? – January 2023 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.
SPECIAL OFFER: Until 21st February 2023, the sign-up bonus on the British Airways Premium Plus American Express card is increased to 35,000 Avios from 25,000 Avios. You can apply here.
British Airways American Express Premium Plus
35,000 Avios (ONLY to 21st February) 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
30,000 points and unbeatable travel benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 points bonus 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:
SPECIAL OFFER: Capital On Tap has increased its sign-up bonus to points worth 30,000 Avios if you apply by 4th February. This is exclusive to Head for Points readers. Click here to apply.
American Express Business Platinum
40,000 points sign-up bonus and a £200 Amex Travel credit every year Read our full review
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
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
Capital On Tap Business Rewards Visa
Get a 30,000 points bonus, worth 30,000 Avios, until 4th February 2023 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.