Jumeirah One disappears as a redemption from Amex International Currency Cards
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American Express has, for many years, issued two cards for anyone globally who would prefer to bank in US$ or Euros rather than their home currency. This includes UK residents.
These cards are known as International Currency Cards, with the individual cards known as the International Dollar Card (IDC) and International Euro Card (IEC). Each is available in Green, Gold and Platinum versions. The cards are run from Brighton which is very convenient if you have any issues.
There was no sign-up bonus for the Gold or Green card. However, the Platinum International Currency Card offered a sign-up bonus of 30,000 Membership Rewards points. This was very handy, because you could get this bonus irrespective of any other American Express cards you held. It would also not impact your future applications for UK cards.
The key upside was that the International Currency Cards have different Membership Rewards partners. These include Jumeirah One, Qatar Privilege Club (less useful now that Qatar has adopted Avios) and Malaysia Airlines. They also retain a 1:1 conversion rate with Singapore Airlines which beats the 3:2 rate offered by the UK programme.
Unfortunately, Amex has recently taken the International Currency Cards off the market. If you don’t have one, you’re not getting one.
If you DO have one, one of the benefits seems to have gone. Jumeirah One has disappeared as a transfer partner.
10 years ago this was the greatest deal around. Jumeirah resorts in the Middle East are ludicrously expensive but you could pick them up with a points transfer. I was getting 3p-4p of value per Amex point.
Sadly Jumeirah One went revenue based. Each point is now worth around 1.5p, so the 4:1 transfer from American Express ICC Membership Rewards became pretty pathetic. Plenty of transfer partners offered far more value, especially Singapore Airlines with its 1:1 transfer rate.
I am tempted to shut down my ICC card entirely. Even retaining the ability to transfer to Singapore Airlines at 1:1 isn’t necessarily worth the annual fee.
Want to earn more points from credit cards? – May 2023 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:
SPECIAL OFFER: Until 30th May, the sign-up bonus on the Barclaycard Avios Plus Mastercard is doubled to a crazy 50,000 Avios! Apply here.
SPECIAL OFFER: Until 30th May, the sign-up bonus on the free Barclaycard Avios Mastercard is doubled to 10,000 Avios. Apply here.
Barclaycard Avios Plus Mastercard
CRAZY 50,000 Avios for signing up (to 30th May) and an upgrade voucher at £10,000 Read our full review
Barclaycard Avios Mastercard
10,000 Avios for signing up (only to 30th May) and an upgrade voucher at £20,000 Read our full review
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.
SPECIAL OFFER: Until 13th June, the sign-up bonus on The Platinum Card is doubled to 60,000 Membership Rewards points – and you get £200 to spend at Amex Travel too! Apply here.
SPECIAL OFFER: Until 13th June, the sign-up bonus on the Virgin Atlantic Reward+ card is doubled to 30,000 Virgin Points. Apply here.
British Airways American Express Premium Plus
25,000 Avios and the famous annual 2-4-1 voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & four airport lounge passes Read our full review
The Platinum Card from American Express
60,000 points AND a £200 Amex Travel voucher until 13th June! Read our full review
Virgin Atlantic Reward+ Mastercard
30,000 points bonus (to 13th June) and 1.5 points for every £1 you spend 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 Platinum
40,000 points bonus and a £200 Amex Travel credit every year Read our full review
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
British Airways Accelerating Business American Express
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
Capital On Tap Business Rewards Visa
Get a 10,000 points bonus plus an extra 500 points for our readers 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.