NEW: Get £120 of Deliveroo credit as an Amex Gold benefit

American Express has launched a great new benefit for holders of the American Express Preferred Rewards Gold credit card.

You will receive £120 per annum of Deliveroo credit. This is a permanent card benefit, not a one-off promotion.

This makes a real difference, I think, to whether you keep Gold after the first free year. It also makes the card a no-brainer for regular Deliveroo users for the first year, when Gold is free.

How does the new Deliveroo benefit work?

Preferred Rewards Gold Cardmembers will receive 2 x £5 Deliveroo statement credits per calendar month, starting immediately.

You need to register for this benefit, but only once. After your initial registration, you will receive the 2 x £5 monthly Deliveroo credits without any further registration required.

Once registered, the £5 credits will be automatically applied to your account by American Express. You obviously need to make payment with your Preferred Rewards Gold card.

You can opt in to this new benefit via the ‘Offers’ tab of your online Amex statement page or in the American Express app.

Any small print?

Only one credit can be used per Deliveroo transaction so you cannot receive £10 back on one order.

If your order is below £5, the credit is capped at the size of the order.

The offer only applies to primary cards, not supplementary cards.

Credits do not roll over from month to month. If you don’t use your 2 x £5 credits in any particular month, they are lost.

New to Deliveroo? Save another £10

If you use my refer-a-friend link of https://roo.it/robertb-6×33 to register, you get 4 x £2.50 discount codes.

What is this benefit worth?

If you are a regular Deliveroo user, you should have no trouble getting the full £120 of value from this offer.

As Preferred Rewards Gold is free for your first year, and £140 per year thereafter, I think this makes a real difference to the maths of whether you keep the card beyond the free first year.

For occasional users, it clearly has less value. That said, a £5 credit may tempt you to use Deliveroo more often.

You can order groceries too

Remember that you can order top-up groceries via Deliveroo in many areas, from stores from Aldi to Waitrose. The £5 credit is valid against this.

Conclusion

We recommend the Gold Card as your ‘best first’ miles and points credit card. This is due to a combination of:

• no annual fee in Year 1

• a big sign-up bonus of 20,000 American Express Membership Rewards points, convertible into Avios but also into many non-travel rewards if you decide later that Avios or hotel points are not for you (conditions apply as to who qualifies for the bonus)

• two free airport lounge passes each year, which gives you an early first experience of how miles and points can help you travel better, and

• you still qualify for the sign-up bonus on the British Airways American Express Premium Plus Card at a later date when you become confident that you can justify the annual fee

The new Deliveroo benefit, worth up to £120 per year of statement credits, is a valuable addition. If you regularly order food for delivery then you shouldn’t struggle to get full value from it, whilst other people may value the ability to get £5 discounts on top-up grocery shopping.

Added to the 20,000 Membership Rewards points sign-up bonus (if you qualify) and the two airport lounge passes, and you have an impressive package if you can make the most of it.

Don’t forget to opt in to the new Deliveroo benefit before placing your first order.

The American Express Preferred Rewards Gold application page is here if you are now tempted to sign up.

Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points. The site discusses products offered by lenders but is not a lender itself. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as an independent credit broker.