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Get 30,000 bonus Membership Rewards points with Amex FX International Payments

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If you have a business which makes international payments, American Express has launched a new offer which could get you 30,000 bonus Membership Rewards points.

Remember that Membership Rewards points transfer at 1:1 into Avios and Virgin Points, as well as many other airline programmes. They also transfer at 1:2 into Hilton Honors, 2:3 into Marriott Bonvoy and a generous 1:3 into Radisson Rewards.

You can find out more about the offer here.

Amex FX International Payments

Does your business make international payments?

Let’s take a step back before looking at the 30,000 points offer.

You may not know that American Express has a payments business called American Express FX International Payments (full details here).

FX International Payments allows your business to make payments to other businesses in 80+ currencies to 110+ 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.

Amex FX International Payments

How many Membership Rewards points can you earn?

At the standard rate, 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 do I earn the 30,000 bonus points?

Any customer, new or existing, who makes three foreign exchange transactions worth £15,000+ each will receive 30,000 bonus Membership Rewards points.

This is on top of your base points, which would (at 1 point per £20) be 750 Membership Rewards points on a £15,000 FX transfer.

All three transfers must be completed by 31st March.

The offer is limited to customers in the UK, Channel Islands and Isle of Man.

How does American Express FX International Payments work?

American Express used to have the following example on its website, which is still valid:

Amex FX International Payments

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 outgoing payment, as well as a small margin added to the exchange rate.

There are no fees on incoming payments.


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 international payments website here.

PS. Don’t forget the huge bonuses just launched on Business Platinum and Business Gold

On Monday, American Express launched two chunky sign-up bonuses on the American Express Business Platinum Card (100,000 Membership Rewards points) and American Express Business Gold Card (50,000 Membership Rewards and no fee for your first year).

You can read more about those offers in this HfP article. Links to our card reviews are below.

American Express Business Gold

60,000 points sign-up bonus (to 30th March) and free for a year Read our full review

American Express Business Platinum

Crazy 120,000 points bonus (to 30th March) and a £200 Amex Travel credit every year Read our full review

Comments (11)

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

  • Charlie says:

    Does this include RUB:GBP? Asking for a friend

  • Ian M says:

    If you ask nicely they’ll lift the 5,000 points cap, meaning you won’t need to split payments up that are over £100,000.

    There’s also a good promotion which if you ask about they’ll sign you up for which allows you to earn up to 200,000 bonus points per year (50,000 per quarter)

  • Cranzle says:

    How do the FX rates compare?

    Random other question – can anyone recommend shipping companies to bring containers in from Jakarta?

    • Ian M says:

      Their rates are pretty good and are negotiable if the volume is good

    • Craig V says:

      Re shipping. If its HHG try AGS or Asian Tigers. If its goods use OOCL and transship in Rotterdam.

    • Guy Incognito says:

      Got no issue with the rates. They will also narrow them if you put a fair amount of volume through.

      However, they’ve removing the premium rewards service which was fantastic.

  • Guy Incognito says:

    Does anyone have any experience with AmEx Accessline (which is where I believe the image above is taken from on the AmEx website)? Looking at switching to it from FXIP due to them getting rid of the premium rewards.

    • Sam says:

      If you find a replacement for FXIP premium rewards do let us know. It’s a kick in the teeth that it’s gone for same currency payments!

  • Rich says:

    AccessLine is being pulled at the same time as Premium Rewards, sadly.

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

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