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 2022 update
If you are looking to apply for a new credit or charge card, here are our January 2022 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 top current deals.
There are special sign-up bonuses on both of the BA American Express cards until 28th February 2022. The bonus on the free card is doubled to 10,000 Avios and the bonus on the Premium Plus card is increased from 25,000 Avios to a huge 40,000 Avios.
British Airways American Express
10,000 Avios for signing up (SPECIAL OFFER) and an Economy 2-4-1 voucher for spending ….. Read our full review
British Airways American Express Premium Plus
40,000 Avios (SPECIAL OFFER) and the UK’s most valuable card perk – the 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 & 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
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.
The bonus on the Capital On Tap card is increased from points worth 10,000 Avios to 30,000 Avios until 4th February 2022.
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
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
30,000 points bonus – the most generous Avios Visa 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.
Apply 31st March 2022 and your cashback will be increased to 2% for the first three months.