American Express changes the rules over your £5 Deliveroo credits

In May, American Express added a new benefit for Preferred Rewards Gold cardholders, worth a potential £120 per year.

Preferred Rewards Gold cardholders will receive 2 x £5 Deliveroo statement credits per calendar month.

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. The deal is guaranteed to run until at least mid 2023.

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

There is minimal small print – the credit won’t roll over from month to month if unused, and the offer only applies to primary cards, not supplementaries.

What has changed?

Without any notice, American Express has changed the rules of the promotion. There is now a £5 minimum spend required to trigger the cashback.

You may think this makes no difference, given Deliveroo’s pricing, but it does. Many HfP readers were using the credit to pay their £3.49 subscription to Deliveroo Plus. This was triggering the £5 cashback, so you made a small monthly profit as well as getting free delivery on orders of £25+.

If you signed up for Deliveroo Plus purely to use up one of your £5 credits, you should cancel.

The good news is that Deliveroo is offering 12 months of Deliveroo Plus absolutely free to Amazon Prime members. You can sign up via the Deliveroo app – I was offered the deal as soon as I cancelled my paid membership – or by clicking here.

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Want to earn more points from credit cards? – April 2024 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.

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:

SPECIAL OFFER: Until 12th May 2024, the Capital on Tap Business Rewards Visa card is offering a bonus of 30,000 points, convertible into 30,000 Avios. You must have a Limited Company to apply. Click here to learn more and click here to apply.

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.