Since the start of May, American Express had been giving people six months – rather than the usual three months – to hit the spending target required to earn the sign-up bonus on a new card.
This offer has now ended.
As of today, you will need to hit your spend target within three months.
This returns the rule to how it was before the start of the coronavirus lockdown. With consumer spending almost back to normal – Barclaycard data for July 2020 shows card spending was just 2.9% lower than July 2019 – American Express presumably feels that it no longer needs to make concessions.
Existing Amex cardholders are not impacted
If you have applied for an American Express card recently, you will still have six months to trigger your sign-up bonus.
The three month rule will only apply to new applications from today.
What are the American Express sign-up bonuses?
As a reminder, here are bonuses available on American Express personal cards:
The Platinum Card: 30,000 Membership Rewards points (=30,000 Avios) when you spend £4,000 in three months
Preferred Rewards Gold Credit Card: 10,000 bonus Membership Rewards points (=10,000 Avios) when you spend £3,000 in three months
British Airways American Express Premium Plus Credit Card: 25,000 Avios when you spend £3,000 in three months
British Airways American Express Credit Card: 5,000 Avios when you spend £1,000 in three months
Nectar Credit Card: 20,000 Nectar points (= £100) when you spend £2,000 in three months
Marriott Bonvoy American Express Credit Card: 20,000 Marriott Bonvoy points (= 6,666 Avios) when you spend £3,000 in three months
The American Express Rewards Credit Card: 5,000 Membership Rewards points (=5,000 Avios) when you spend £2,000 in three months
Platinum Cashback Everyday Credit Card: 5% cashback on your purchases for three months (up to £100)
Platinum Cashback Credit Card: 5% cashback on your purchases for three months (up to £125)
On the Business cards:
The Gold Business Card: 20,000 Membership Rewards points when you spend £3,000 in three months
The Platinum Business Card: 40,000 Membership Rewards points when you spend £6,000 in three months
British Airways American Express Accelerating Business Credit Card: 2,200 On Business Points when you spend £3,000 in three months
Want to earn more points from credit cards? – July 2021 update
If you are looking to apply for a new credit or charge card, here are our July 2021 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 other top current deals:
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 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
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
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: