Maximise your Avios, air miles and hotel points

Should you leave American Express for 24 months until you can get a new sign-up bonus?

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We have spent a lot of time in the last few days discussing the new American Express sign-up bonus policy.  In most cases, you need to cancel all of your personal American Express cards and wait two years before you would qualify for any new sign-up bonuses.

As I pointed out on Thursday, for someone who does not have an American Express card and has not had one in the past 24 months, you can still earn 65,000 Avios relatively quickly.

This is the best strategy for maximising Avios under the new Avios rules:

For your first card: 

Get the Starwood Preferred Guest American Express (bonus of 30,000 Marriott Bonvoy points) or Nectar American Express (20,000 Nectar points) or Platinum Cashback or Platinum Cashback Everyday.  I would see the Starwood option as the most valuable.

Once you have got your first card, you are disqualified from bonuses on most of the other cards.  There are two exceptions however:

For your second card (or third card, order is not important):

Get The Platinum Card (bonus of 30,000 Membership Rewards points) because the only restriction on getting this is if you have held another Membership Rewards-earning card (Preferred Rewards Gold, American Express Rewards, Green, Gold Business, Platinum Business) in the previous 24 months

For your third card (or second card, order is not important):

Get the British Airways American Express Premium Plus card (bonus of 25,000 Avios) because the only restriction on getting this is if you have held either British Airways American Express card in the previous 24 months

The reason for the order here is that as soon as you get The Platinum Card or the British Airways Premium Plus card, you block yourself from all of the bonuses in the first list.

Under the new rules, if you had not previously had a personal American Express card, this strategy will earn you:

30,000 Marriott Bonvoy points from the Starwood American Express or 20,000 Nectar points


30,000 Membership Rewards points from The Platinum Card 


25,000 Avios from the British Airways Premium Plus card

If you converted the 30,000 Marriott Bonvoy points into 10,000 Avios and the 30,000 Membership Rewards points into 30,000 Avios, you would have earned 65,000 Avios fairly quickly from sign-up bonuses.

New american express sign-up bonus rules

What are your options as an existing cardholder?

If you are currently an American Express personal cardholder, you have two options.

Option 1 is to carry on as you are, keeping one of the American Express cards in your wallet but knowing that in most cases you will never be eligible for another sign-up bonus

Option 2 is to cancel all of your personal American Express cards and start the 24 month clock on when you can pursue the strategy above

For a lot of people, I think Option 2 is pretty attractive.

Option 2 allows you, in two years time, to pick up 65,000 Avios relatively quickly via the application strategy I outline above.  Your partner can do the same.  Importantly, you can refer your partner for the cards using the ‘refer a friend’ programme.  Add in the referral bonuses and you can still earn over 150,000 Avios between two people once every two years.

What would you do for 24 months whilst you are waiting? 

Spend on a totally different card.

There are LOTS of non-American Express cards out there that you can use for the next 24 months and some are pretty attractive.  Here are the most valuable options:

Virgin Atlantic Reward Mastercard – annual fee £0 – earns 0.75 miles per £1 – sign-up bonus of 5,000 Virgin Flying Club miles – our review / apply

Virgin Atlantic Reward+ Mastercard – annual fee £160 – earns 1.5 miles per £1 – sign-up bonus of 15,000 Virgin Flying Club miles – our review / apply

Miles & More Global Traveller Diners Club and Mastercard – annual fee £79 – earns 1.25 miles per £1 – sign-up bonus of 5,000 Miles & More miles – our review / apply

IHG Rewards Club Mastercard – no annual fee – earns 1 point per £1 – sign-up bonus of 10,000 IHG Rewards Club points – our review / apply

IHG Rewards Club Premium Mastercard – annual fee £99 – earns 2 points per £1 – sign-up bonus of 20,000 IHG Rewards Club points – our review / apply

HSBC Premier Mastercard – no annual fee – earns 0.5 airline miles per £1 – no sign-up bonus – our review / apply

HSBC Premier World Elite Mastercard – annual fee of £195 – earns 1 airline mile per £1 – sign-up bonus of 40,000 airline miles – our review / apply

There are plenty of alternatives out there.  It is worth remembering that KLM and Air France will soon be redeemable with Virgin Flying Club miles, adding a lot of extra options.

You get some decent long-term incentives too.  The IHG Rewards Club Premium Mastercard offers you a free night voucher each year if you spend £10,000.  The Virgin Atlantic credit cards offer a 2-4-1 or upgrade voucher each year if you spend £10,000.

New American Express sign-up bonus rules

If you think you prefer Option 1 – carrying on as you are – remember how hard it would be to earn 65,000 Avios via normal spending

If you cancel all of your American Express cards, I showed you above how – in 24 months time – you can pick up 65,000 Avios fairly quickly via three applications.

If you choose to keep your existing cards, you will obviously continue to earn miles as you always did.  However, think about how much spending would be required over the next two years to earn 65,000 Avios:

£65,000 on the free BA Amex, Amex Gold or Amex Platinum

£43,333 on the British Airways American Express Premium Plus

£52,000 on the Starwood Preferred Guest American Express

Most people can’t hit these targets and are better off cancelling everything – you will earn more miles from Amex by cancelling and waiting 24 months.  This also ignores the huge number of points you’d earn by diverting your spend to one of the other cards above.

The ‘elephant in the room’ is the BA Amex 2-4-1 voucher

The key problem, if you cancel all of your American Express cards to restart the 24 month clock, is not earning a British Airways American Express Premium Plus 2-4-1 voucher.

You might be happy to skip the voucher for two years, especially if you have existing vouchers to use up.   If you are still earning a lot of Avios via other routes (like flying) you may well need to bite the bullet and keep your BA Amex open.

This doesn’t totally stop you getting other bonuses.  You would still be eligible to apply for The Platinum Card every 24 months and receive a 30,000 points sign-up bonus.

And you need an Amex to pay the taxes on your 2-4-1 tickets ….

Remember that you need to pay the taxes when you redeem a British Airways 2-4-1 voucher using an American Express card.  Despite what the rules say, it doesn’t need to be a BA Amex and it doesn’t need to be in your name (Amex does not check names as part of its card verification) but you WILL need access to an American Express.

And possibly a Platinum-coloured elephant too ….

For some people, The Platinum Card poses a similar dilemma.  What will you do for airport lounge access, travel insurance, hotel status etc during your 24 month hiatus?

Finally, do the Amex cashback offers have value to you?

Most of us have save £100+ per year via the cashback offers added to our Amex card statements.  You should factor the loss of those savings into your calculations.

New American Express sign-up bonus rules

Ignore this article entirely if you have a small business

Forget everything you just read if you have a small business.  The sign-up rules on Amex Gold Business and Amex Platinum Business have not changed and you can reapply for those and receive a new bonus after just a six month gap.


You need to decide if you are going to walk away from American Express entirely for the next 24 months.

For many HfP readers, this may be a sensible strategy.  Put your credit card spend on other products and then, in two years time, return to American Express and get three cards in quick succession – earning 65,000 Avios – using the strategy above.

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 card

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

BA Premium Plus American Express card BAPP

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

Nectar American Express

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

American Express Platinum card Amex

The Platinum Card from American Express

30,000 points and an unbeatable set of travel benefits – for a fee Read our full review

Virgin Rewards Plus credit card

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

Amex Platinum Business American Express

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 card

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:

Barclaycard Select Cashback Credit Card

1% cashback and no annual fee Read our full review

Comments (374)

  • illuminatus says:

    OT – sorry for the off-topic here, but really need a quick answer and most activity seems to be here.

    What is the quickest way to ‘top up’ Iberia Plus account to allow for ‘Combine my Avios’? Amex transfer? Purchase through Plustore (what merchant to select though)?

    Also, my Iberia Plus account is over 90 days old, but I never had any Avios in it, but still have and can access the ‘Don’t forget you can combine your Avios with those of other customer loyalty programmes’ link – does it mean the above step is not necessary? The transfer fails though(

    • Grant says:

      The offer is on again I see, so you could buy 4,000 Avios for 54Euro. From memory it takes about 10 days to credit to your Iberia Plus account.

      • illuminatus says:

        Thanks, however I am wondering if there is anything quicker than the Amex points transfer which is 4 working days.

    • Mikeact says:

      Not sure I quite understand your question…there is no Avios in your Iberia account but you want to combine your Avios ?
      Dependant on how many you need ,why not just purchase through Iberia or BA ?
      May I ask why the urgency…..redemption availability?

    • Peter 64K says:

      I’d have thought Amex is probably fastest external source. E-rewards if you are very lucky with timing and have the points in it to transfer. Basically there is no super fast way and Rob often says to activate it in advance for situations like this.

    • Lady london says:

      If you have any Tesco you could pay BA then shift. It’s been v quick the one time i did

  • Dimitri says:

    Rob, the US version of the AMEX Gold card has completely disappeared from the website!!! Has the gold card been phased out in the US?

    • Rob says:

      It has relaunched as something else, looks rose gold now!

      • Dimitri says:

        Thanks Rob, but rose old also not offered any more!!

        “Oops, we’re sorry. This offer is not available at this time.”

  • Philip says:

    Sorry if this has been covered already, am I correct to assume that if I want to give up my Amex cards for 24 months, I’d have to transfer my membership points out of their Rewards program first? I didn’t think there was a way to keep the points without an active Amex card.

    • Jtz says:

      To get the bonus points when applying, yes

    • Billy says:

      Yep that’s correct. You have up to 30 days after closing the account to transfer them or lose them

      • Julian says:

        I’m sure a simple rule change regarding transferring out membership reward points can easily kill off the the vast majority of the remaining churners…………

        • Shoestring says:

          doesn’t make much sense Julian – they’re your points so why should you be prevented from transferring them to airline/ hotel loyalty prog?

        • Alan says:

          How can they block you transferring your MR points to airlines, hotels? If you can’t spend them then why would you accumulate them?

    • Rob says:


      • will moody says:

        Tough to decide whether cancelling all amex cards in order to realise the sign up bonuses mentioned above in 24 months is worth it – losing the liquidity of MR points will be a shame

  • AA says:

    So if you decide to pursue Option 2 but need an Amex for any 2-4-1 voucher bookings – what are the options for that?

  • edwin says:

    so I can keep my SPG card for long term spending, and cancel the BA and platinum and wait for 24 months?
    Keep SPG card won’t affect getting the welcome bonus of the two most popular Amex cards?

    Thanks in advance!

  • sam says:


    Does the new 24 month rule also apply to AMEX supplementary card holders?
    That is in a 2 person household, can 1 pursue option 1 – to carry on with the current card (e.g. BA premium card) and the other individual pursue option 2 – to cancel all amex card to start the 24 month clock and take out an AMEX supplementary card while waiting to be eligible for the welcome bonus again? (And after 24 months, the role reverses.)

    • Rob says:

      No. Supps have never counted.

      • Julian says:

        But that’s not to say that Amex card issuers might not change their rules in the future once they have got a greater handle on what they are up against.

        • Rob says:

          No, because LEGALLY the supp card belongs to the issuer and not to the holder.

  • Alan says:

    I’ve kept Plat long-term for years. Have found I’ve made more and more use of PP when RFS prices went up from the regions (flying direct LCC instead) and have had about £1k back in Amex offers over the past year or so. Combined with the other benefits that I utilise (HH Gold, FHR, car hire cover, etc.), 90k/year in referral bonuses I’m happy enough with their offering. If they up the earn rate I’d actually push more spending onto the card though!

  • AB says:

    Can you get he sign up bonus on the IHG Premium MasterCard if you’ve already got the basic?

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