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ENDS SOON: Get 60,000 or 120,000 points with Amex Business Gold or Platinum

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SPECIAL OFFER: Until 30th May, the sign-up bonus on the Barclaycard Avios Plus Mastercard is doubled to a crazy 50,000 Avios! Read our full review here and apply here.

SPECIAL OFFER: Until 30th May, the sign-up bonus on the free Barclaycard Avios Mastercard is doubled to 10,000 Avios. Read our full review here and apply here.

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! Don’t miss out. Read our full review here and 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.

SPECIAL OFFER: Until 30th May, the sign-up bonus on the Marriott Bonvoy American Express card is doubled to 40,000 Bonvoy points – and you get a free night voucher too! Read our full review here and apply here.

Keep up to date with the latest UK credit card bonuses by signing up for our free daily or weekly newsletters.

Today sets a new record. American Express has launched the biggest sign-up bonus ever seen in the UK for a payment card.

It is the culmination of three years of hugely generous offers on its small business cards. Before they started this in 2021, the highest bonus I had ever seen in the previous 20 years was a short-lived 50,000 points offer on Platinum. Last year it offered a crazy 100,000 points on Business Platinum.

This new 120,000 points deal beats the 100,000 points offered last year. If you only sign up for one payment card mileage promotion all year, this should be it.

The number of points involved is huge. If you’re not a business owner so don’t qualify to apply yourself, you should think seriously about any family members who have their own business and could sign up – or do your business-owning friends a favour and tell them about it.

125000 bonus points American Express Business Platinum card

The bonuses are on the two American Express Business cards:

  • American Express Business Platinum card (apply here)
  • American Express Business Gold card (apply here)

American Express Business Platinum now has a sign-up bonus of 120,000 Membership Rewards points. This is paid in two parts.

American Express Business Gold – which is free for a year – now has a sign-up bonus of 60,000 Membership Rewards points. This is also paid in two parts.

These are, clearly, huge sums.

The offer is valid for applications received by 30th March 2023.

What do I need to know?

It is important to know that American Express has raised the qualifying spend at the same time as raising the bonus.

  • You need to spend £12,000 in three months to receive the initial 80,000 points on Business Platinum, and retain the card for 14 months to receive an additional 40,000 points (total bonus of 120,000 points)
  • You need to spend £6,000 in three months to receive the initial 40,000 points on Business Gold, and retain the card for 14 months to receive an additional 20,000 points (total bonus of 60,000 points)

The offer is only available until 30th March 2023. At that point, the usual offers with lower spend thresholds – 20,000 points on Business Gold for spending £3,000 in three months, and 40,000 points on Business Platinum for spending £6,000 in three months – will presumably return.

(The exact rule is that you must make a single transaction, however small, between month 14 and month 17 to trigger the second part of the bonus.)

What can I do with the bonus points?

I ran this article on how you can use Membership Rewards points and we recently published this article specifically on how Membership Rewards can be used on business travel.

For HfP readers, the key thing to note is that they convert at 1:1 into Avios and Virgin Points.

You can pick up 120,000 Avios if you convert the sign-up bonus on Business Platinum.

120,000 Membership Rewards points would also get you:

  • 360,000 Radisson Rewards points
  • 240,000 Hilton Honors points
  • 180,000 Marriott Bonvoy points
  • 120,000 airline miles in various other schemes including Emirates, Etihad and Air France KLM
  • 8,000 Club Eurostar points

You should halve these numbers to see what the 60,000 points bonus on Business Gold would get you.

What are the annual fees?

American Express Business Platinum has an annual fee of £650. This is refundable pro-rata if you cancel. Remember that the card benefits include £200 per year to spend at Amex Travel.

Business Gold has an annual fee of £175, but the first year is free.

How are the cards structured?

Both Business Platinum and Business Gold are charge cards, not credit cards.

You MUST pay your entire balance at the end of each month. There is no option to pay interest and roll over the amount you owe.

We will cover the full benefits package in detailed card reviews later this week.

60000 bonus points with american express business gold

Who qualifies for the bonus?

You qualify for the bonus as long as you have not had an American Express card earning Membership Rewards points, personal or Business, in the last thirteen months.

Note that the rule on the Business Cards is 13 months and NOT the 24 months that applies to the personal Cards.

For clarity …. the ‘no Membership Rewards cards’ rule applies across personal and Business Cards. If you have had a personal Gold, Platinum etc card in the past 13 months then you will NOT receive the bonus on Business Gold or Business Platinum.

On the upside, getting Business Gold or Business Platinum has no impact on your ability to get a future bonus on a personal Amex Card. Confusingly, the bonus rules on the personal cards ignore any Business cards you may hold. The Business cards, on the other hand, look across your Business and personal card portfolio.

For absolute clarity ….. the following cards have no impact on your ability to get the bonus on Business Gold or Business Platinum:

  • British Airways American Express
  • British Airways Accelerating Business
  • Nectar American Express
  • Marriott Bonvoy American Express
  • Harrods American Express
  • Platinum Cashback

…… because none of these cards are ‘Membership Rewards’ Cards. They offer something different (Avios, Nectar points, Marriott Bonvoy points etc) as a reward.

If the only American Express card you have had in the past 13 months is one on the list above, you definitely qualify for the 120,000 points bonus on Business Platinum and the 60,000 points bonus on Business Gold.

What are the rules for being accepted for Business Gold or Business Platinum?

You can be a sole trader, partnership or Limited Company. You must meet the following criteria, which are cut and pasted from the Amex website:

  • The business has a current UK Bank or Building Society account
  • You are aged 18 or over
  • You have a permanent UK home address

Full card reviews will follow this week

This is obviously a very exciting offer if you meet the qualification criteria.

Even if you use your Membership Rewards points in one of the less lucrative ways – converting them to Avios and then on to Nectar points – you would get 0.67p per Amex point in form of Sainsbury’s, Argos or eBay credit.

This means that the Business Platinum bonus is worth a guaranteed minimum of £800 to spend with a Nectar partner and the Business Gold bonus is worth a guaranteed minimum of £400.

Later this week, we’ll publish full reviews of both the American Express Business Platinum (now live – click here) and American Express Business Gold cards (due Friday) highlighting the card benefits.

How do I apply?

You can apply for American Express Business Platinum, with the 120,000 points bonus, here.

You can apply for American Express Business Gold, with the 60,000 points bonus and no fee for the first year, here.

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.

Comments (111)

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

  • Roger says:

    Is there any deal to be had with bellhop since the amount involved is huge here.
    Bill hop fees seems to have been hiked to 3.5% from 2.99% too!

  • Bob23 says:

    I have an Amex Amazon business card, do l qualify?

  • Thywillbedone says:

    The offer I’ve been waiting for! It’s a pity there is no dining credit with the Business Platinum …don’t think the Amex Travel Credit is worth much as Amex Travel seems premium priced to being with (open to correction).

    • The Streets says:

      +1 been holding out for two months for this kind of offer and predicted it would come this week… with the other big Amex BA offer ending yesterday!

    • Mark says:

      I used my Amex travel credit a few weeks ago on a hotel last minute in Nuremberg.

      Everywhere else the price was coming up at over £300 I managed to get the hotel with Amex for £235 so essentially £35

  • Ash says:

    Are the offers compatible with a referral?

    • The Streets says:

      Yes… 85,000 if referred and the 18,000 for referring is still valid for some personal Platinum cardholders

  • David says:

    Question on what counts as usage on the card…

    i last used my Platinum Amex personal card to pay for something back in Dec 21 when i cancelled the card.

    Since then, and up to July 22 i had numerous refunds on items and credits back to my personal account.

    I’m trying to establish if i would qualify on the ‘not had a card for 12 months’

    As i’m typing, i think i will as the card was deactivated

    But any experience of this would be good to hear

    • Alex says:

      I’d go on amex live chat and ask, they’re happy to give you a list of dates when cards closed.

  • Greenpen says:

    Let’s hope the next offer is for the personal card with a huge bonus!

  • BJ says:

    Rob, what do you think is behind this era of huge amex SUB? Do you think it’s just a combination of an aggressive marketing drive and deep pockets, competition with Barcs, or the squeeze on churning is now biting enabling them to throw the sane pot of rewards at a smaller number of mostly new customers?

    • Rob says:

      Business cards still have high interchange fees, unlike personal cards. The maths will work assuming a fair % start putting six figures through.

      • Cranzle says:

        Do Amex really have higher interchange fees for business cards than their personal cards?

        • Rob says:

          A court made them reduce fees on personal cards (even though they don’t charge interchange because they are vertically integrated!) so you have to assume they do.

          • Cranzle says:

            Based on the charges I see from the retailer side, I don’t see any differences…..

  • David says:

    If I sign up as an ‘ebayer’ wouldnt the HMRC want to know where 12k being run through is coming from?

    • J says:

      If you had over £1,000 turnover through ebay trading, you’d be registered with HMRC for self assessment. Under £1,000 and it’s hard to justify being much of a business…

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

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