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

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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.

  • Paul says:

    BA in particular add a hefty fee to any non personal cards used to buy tickets

    • VALittleRed says:

      Has anyone ever tried to put a business card through as a personal card or can they tell from the cc number?

    • Luma says:

      Can you do the old Ukrainian billing address trick to avoid the fees?

      • Lady London says:

        Hum…Ukraine…fashionable right now.
        Plus pretty sure many forms of credit are currently not being offered to entities/addresses there

  • Tom R says:

    Can this work if I already have a business plat for my business but apply for the OH as an employee of the same business (or it’s business specific rather than person specific)?

  • Peter says:

    I have had a Personal Platinum for years, wife is supplementary.

    Wife has BAPP for years and I am supplementary.

    We are both directors of the same business, if the wife applies for this Platinum, will she be able to get the bonus?

    The only big ticket item I’ve got to pay in the next 3 months to hit 12k is my VAT bill… Can it be done somehow? Or would the gold be more beneficial to hit the bonus?

    • Rob says:

      Yes she can apply. No you can’t pay VAT.

      • Colin_Thames says:

        Can’t he use Billhop to pay his VAT? I’ve used my personal Plat to pay HMRC when I needed to get qualifying spend up.

        • Peter says:

          This is what I was thinking. If I can use that, then I’d hit the bonus straight away, and thinking that the billhop fee would be a taxable expense?

          Checked BillHop and it does say that I can pay VAT, not sure what the % markup is though…

    • TooPoorToBeHere says:

      You can definitely pay your VAT bill with billhop, and I have done this.

      I put the billhop fee through the company books and deducted it as a business expense. This is not tax advice.

  • Dave says:

    Looking on the links provided American express still showing 40,000 point sign up bonus on the platinum, not the 120,000 stated, any ideas? Didn’t want to apply for it and the 120,000 not be in force yet

  • No longer Entitled says:

    I’m not sure hanging on for the second tranche of points makes much sense. You would get the same at 13mths with a new application but you forgo the possibility of an increase sign up bonus at 13mths and you have to pay the full annual fee in the interim.

    I’d be inclined to take the 80,000/40,000, cancel, and start the fallow clock again. To make me stay Amex need to dangle a carrot larger than the base SUB that is always available.

  • Jimbo says:

    I’m not sure the lower level gold card bonus is that great. I’ve just signed up to get BA Amex card for £250 with 70,000 Avios if I spend only £3000 in opening 3 months.

    • Hbommie says:

      Yes but that’s a personal card, not a business card. You can have both, or drop the BAPP after the spend to save the fees.

  • Ash says:

    Does having a Gold Business Charge Card make you ineligible for these SUBs?

  • Paul says:

    This isn’t as good as you’ve hyped it up to be. Firstly they are huge spending targets and then realistically the bonus is 80k/40k, makes no sense for most to keep holding for 14 months when you can just start the clock again.

    It will work for some but not the masses that, for example, the Barclaycard avios bonus did

    • Rob says:

      It’s fair to say that if you find the spending target ‘huge’ then you’re not the sort of customer they are trying to attract. I would have thought the new regular spend bonuses, which require you to charge £10k per month on Plat, made it very clear who they want.

      There are thousands of businesses in the UK spending £10k-100k per month on Google and Facebook ads – all payable on Amex – and those are the target market now. Don’t underestimate how much this has changed the market in Amex’s favour. Suddenly a huge % of your monthly expenses, for many service companies their biggest expense after staff, can go on an Amex.

      WeWork and other flexible office providers also take Amex – we pay our office on Amex. That’s probably your third biggest monthly expense after staff and Google / Facebook advertising costs.

      • Track says:

        But AMEX Business cards are personal liability, and in most of those mid to large businesses the directors would be banned from benefiting though placing the company (advertising, etc) spending on what basically are the personal cards.

        It might pass in a one-founder business but not in EY or solicitors’ LLP.

        • Rob says:

          In my banking days I was given an Amex corporate card which earned MR points and I was welcome to charge what I wanted to it. Any company charging more than £5m pa would be pushed onto corporate cards.

          I think you underestimate how much spend goes onto credit cards these days. Apart from payroll, literally all HfP expenses go onto credit cards, even our office rental – a six figure annual sum in total, and we’re just a little 3-person business.

    • Cranzle says:

      Where’s the hype? Evidently it’s not for you, but seems like you’re airing your opinion whereas the article is factual.

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

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