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How your SME can earn points with Amex FX International Payments

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This article is sponsored by American Express

If you are looking for a payment card for your small business which can also earn you rewards, American Express has two products which should interest you:

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 an annual £200 Amex Travel credit Read our full review

You can learn more about the American Express® Business Platinum® Card and American Express® Business Gold® Card by clicking the links above.

Does your business make international payments?

American Express has a payments business called American Express FX International Payments (full details here). I want to take a closer look at this today, as it allows Cardmembers to earn additional rewards.

FX International Payments allows your business to make payments to other businesses in 80+ currencies to 100+ countries.  Everything is handled via an online platform.  You can even have American Express issue you with a draft for any suppliers who insist on cheque payment.

Here is the key bit.  You also earn Membership Rewards points on every transaction of £1,000 or more. This means that each payment puts you closer to another free hotel night, flight reward or shopping voucher, depending on how you choose to use your points.

How many Membership Rewards points can you earn?

You will earn 1 point per £20 transferred, up to a maximum of 5,000 points per payment.  Payments over £100,000 can be split to avoid the cap.

Points will be credited within 12 weeks of your transaction completing.

Points are not awarded on ‘same currency’ transactions.

How does American Express FX International Payments work?

American Express has the following example on its website:

Your business places an order as usual and receives an invoice denominated in a foreign currency.

You log in to your FX International Payments online account, or contact your Account Manager by telephone, to provide the payment details for the supplier. You have the option to lock in exchange rates in advance if you wish.

American Express sends the payment to your supplier and credits your Membership Rewards account with your points. Payment is made on the same day for major currencies.

You can also earn points when you receive international payments

You can also use American Express FX International Payments to handle your incoming foreign currency payments.

You will benefit from a competitive exchange rate and will also earn Membership Rewards points based on the amount received.

Are there any fees to pay?

There are no Account set-up or account maintenance fees.

American Express charges a small transaction fee per payment, as well as a small margin added to the exchange rate.


If your business makes regular payments in foreign currencies, American Express FX International Payments offers an easy to use and good value platform to settle your invoices.

As an extra perk, you will also receive Membership Rewards points on all qualifying transactions.

You can find out more on the American Express website here.

American Express Services Europe Limited is authorised and regulated by the Financial Conduct Authority.

Comments (9)

This article is closed to new comments. Feel free to ask your question in the HfP forums.

  • Jonathan says:

    This also works to pay Pound Sterling UK based businesses at 1MR per £ and points received the following month. Payments received from 2 days so not fastpay. I started using this wanting to earn enough points to transfer and top up my Emirates miles. The 1.15% fee after tax means I’m paying about .9p for the miles each so not long term sustainable but to quickly amass large amounts of MR points I find it worthwhile.

  • Toppcat says:

    Has anyone got experience of this service and how the rate + fee compared with TransferWise, Revolut etc? I suspect I can predict the answer…

  • KBuffett says:

    Apologies, I am being very lazy here.
    I have (many) personal AMEX cards. What are the maximum signup bonuses available on both sides
    (Eg can I self refer) for a SME card?

  • Greg says:

    If I make $ payments on an Amex Dollar card, can I then pay it off using this method?

    • Rob says:

      I don’t see why not, to be honest, given that the $ card payments go to Standard Chartered and not directly to Amex itself.

This article is closed to new comments. Feel free to ask your question in the HfP forums.

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