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? – September 2023 update
If you are looking to apply for a new credit card, here are our top recommendations based on the current sign-up bonuses.
In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.
You qualify for the bonus on these cards even if you have a British Airways American Express card:
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.
SPECIAL OFFER: The sign-up bonus on the Virgin Atlantic Reward+ Mastercard is doubled to 30,000 Virgin Points if you apply by 2nd October. You receive 15,000 Virgin Points with your first purchase and a further 15,000 points if you spend £3,000 within 90 days. Apply here.
British Airways American Express Premium Plus
25,000 Avios and the famous annual 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 & four airport lounge passes Read our full review
The Platinum Card from American Express
30,000 points and a huge range of valuable benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
30,000 bonus points (SPECIAL OFFER TO 2ND OCTOBER) and 1.5 points for every £1 you spend 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 Platinum
40,000 points bonus and an annual £200 Amex Travel credit Read our full review
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
Capital On Tap Business Rewards Visa
Get a 10,000 points bonus plus an extra 500 points for our readers 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.