American Express has launched a new bonus points offer for many people – but not everyone – who have Preferred Rewards Gold or The Platinum Card. The deal may also be available to Green, Centurion and Amex Rewards Credit Card holders.
It is a very simple ‘spend this, get that’ offer.
On my Platinum card, I have:
‘Spend £6,600 betweeen 11th July and 11th August and receive 6,000 bonus Membership Rewards points’
My wife has a more reasonable offer on her Gold card:
‘Spend £700 between 11th July and 11th August and receive 1,000 bonus Membership Rewards points’
There are a couple of things you need to note:
You are not automatically registered. You need to go to the ‘offers’ section of your Amex online statement page and click ‘save to card’.
It doesn’t start until 11th July
Spend via ‘Payment Aggregators’ such as PayPal does not count
Looking at our comments section yesterday, there are many different versions of this offer. The most aggressive was:
‘Spend £13,300 between 11th July and 11th August and receive 10,000 bonus Membership Rewards points’
I think the smallest was:
‘Spend £300 between 11th July and 11th August and receive 500 bonus Membership Rewards points’
If you are tempted to hit your target by putting your Summer holiday spending onto your American Express card, remember that Amex charges a 3% foreign exchange fee.
The bonus points above do NOT offset the 3% fee. You are still better off using a specialist credit card which offers no rewards but has no FX fees. The free Tandem Money credit card is even better, offering 0.5% cashback on your FX spending as well as not charging any FX fees.
I think it is fair to say that I won’t be triggering my 6,000 bonus points, although I am sure we can divert £700 of spending onto my wife’s Preferred Rewards Gold.
Want to earn more points from credit cards? – July 2021 update
If you are looking to apply for a new credit or charge card, here are our July 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: