American Express is rolling out ‘compensation’ deals for Platinum cardholders.
For holders of the personal The Platinum Card, it is fairly simple – American Express is giving you £100.
Do I get £100 in cash?
No. Well, sort of.
In order to receive your free £100, you need to spend £100 by 27th August at any combination of:
- Marks & Spencer
- Waitrose & Partners
- Harvey Nichols
- Apple (online only)
100% of your spending at these shops is returned in the form of statement credit, up to £100 per card. For clarity, the £100 cap is NOT per shop. It is cumulative across all five shops above.
What are the restrictions?
There are some, but they are not hugely onerous:
- M&S exclusions: Bank and Energy services, Bureau de change, Opticians and Petrol stations
- Waitrose & Partners exclusions: Cellar, Florist, Garden, Pet, Cookery school, foreign currency, Gift Section
- Harvey Nichols exclusions: International delivery, gift cards, vouchers and dining within restaurant
- Apple exclusions: Apple iTunes, Apps and Apple Music, Apple Search Ads, Apple Finance and Gift Cards
Here is a key thing to remember. Waitrose gift vouchers can be used at John Lewis department stores, either online or instore. If you can get to a Waitrose store but do not want to spend £100 on shopping, you can buy a gift card which should trigger the cashback. You can then spend this at John Lewis at your convenience.
Do I need to register for this offer?
You MUST register your card for this offer.
To register, go to the ‘Offers’ section of your online statement page for your American Express Platinum card. Scroll down until you see this promotion and click ‘Save To Card’. You’re good to go!
Virtually all Platinum charge cardholders have this offer. A small minority do not – it is not clear why.
Can I apply for The Platinum Card now and get this offer?
It isn’t clear. It runs until 27th August so you would have plenty of time.
However, it depends on American Express adding the deal to the ‘Offers’ tab of your online statement page and we cannot be certain that this will happen for new applicants. I’m sure we will find out soon enough.
This is clearly a ‘no brainer’ offer for holders of The Platinum Card. Ensure that you register your card now. Remember that you have until 27th August to do the relevant spending.
Want to earn more points from credit cards? – October 2021 update
If you are looking to apply for a new credit or charge card, here are our October 2021 recommendations based on the current sign-up bonus.
The following offers will end soon:
- 10,000 Avios on British Airways American Express (ends 2nd November)
- 40,000 Avios on British Airways American Express Premium Plus (ends 2nd November)
- 60,000 points on The Platinum Card from American Express (ends 2nd November)
- 30,000 points on American Express Preferred Rewards Gold (ends 9th November)
Here are the top current deals:
British Airways American Express
10,000 Avios for signing up, no annual fee and an Economy 241 voucher for spending ….. Read our full review
British Airways American Express Premium Plus
40,000 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 – 30,000 points, FREE for a year & two airport lounge passes Read our full review
The Platinum Card from American Express
60,000 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.
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
60,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios 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: