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 miles and points from credit cards? Click here to visit our dedicated airline and hotel travel credit cards page or use the ‘Credit Cards Update’ link in the menu bar at the top of the page.)