In the last few weeks we have had a constant stream of emails asking us if American Express is offering any help to people struggling to hit their sign-up bonus spend threshold.
This is often £3,000 to £4,000 within the first three months of holding the card – and, at the moment, that will be a stretch for people.
The answer remains a resounding ‘No’. Wearing our hat as a retailer of Amex cards, we asked Brighton last week if they would change the rules for triggering bonuses (our preference was to cut the target spend to a maximum £1,000) but we were told it was not possible.
There may be light at the end of the tunnel, however.
Amex USA has just announced it will be extending the sign-up bonus spend period by three months for anyone whose card was approved from 1st December 2019 until 31st May 2020.
This means that Amex cardholders in the United States will now have six months to hit the minimum spend requirements for their card bonuses. This is extremely helpful as most people are unlikely to be spending much in the short term, given both the lack of opportunities to do so as well as any potential financial insecurity.
Whilst American Express in the UK has not yet made an announcement, they will hopefully do so in the next few days or weeks. We will run a full analysis if and when we hear more.
What about British Airways American Express cardholders?
It would also be good to have some help for British Airways American Express cardholders. Many will now struggle to hit the annual £10,000 or £20,000 spend target to trigger their 2-4-1 (sorry, companion) voucher.
American Express Preferred Rewards Gold cardholders may also want some help hitting the £15,000 annual target to trigger 10,000 bonus points.
Let’s see what happens.
Want to earn more points from credit cards? – January 2021 update
If you are looking to apply for a new credit or charge card, here are our January 2021 recommendations based on the current sign-up bonus.
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:
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
Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history. By recommending credit cards on this site, I am – technically – acting as a credit broker. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.