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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.

  • Stephen Eaves says:

    Hi. Have a ba Amex card. Do i qualify

  • Richard Smith says:

    My wife and I are both Directors of the same limited company. I already have the Business Platinum card through the business. Can she apply for the Business Paltinum card too, using the same business? She meets the other qualifying criteria.

  • Greg says:

    Am I missing something here ? To get the 120,000 avios you need to hold the platinum card for 2 years. 2 x 650 = £1300 If you max out the Amex travel offer both years you gain £400. Total Cost £900

    For that you get 120,000 avios which in my book are worth £1200

    Total gain £300. Doesn’t seem like a HUGE benefit for spending £12k in 3 months

    Same sums for Gold seem much more attractive

    • Rob says:

      No, you need to hold Platinum for 14 months, total cost c £750, which is offset by £400 of Amex Travel credit plus whatever you can do with the £225 of Dell credit, plus whatever you value the other benefits at.

  • Rich says:

    Rob – I missed the capital on tap offer recently as I didn’t want to apply for anything while I was re-mortgaging. Do you think there will be another offer with them in the next 6 months, is so I will hold off applying for now?

  • VALittleRed says:

    Can we expect to see increased bonuses on the personal versions anytime soon?

    • Peter K says:

      This increased offer on the business amex seems to be an (almost) yearly thing now. It’s unrelated to the personal offers.

  • Letsfly says:

    In order to keep the membership rewards points, the wife has the see through free rewards credit card. Does this mean she can’t get this bonus?

  • RT says:


    Company owned with 2 directors. One has had a personal Gold Amex within the time frame stated. Other director hasn’t.

    Will they allow the SUB or will it ineligible
    As one director has had personal Amex.

    Also if you own two separate companies can you apply for 2 separate cards or is it limited to one per underlying owner of the company.

    • Rob says:

      One card per person (as it is personal liability). No reason why the other director can’t apply if they’ve not had an MR Amex in the last 13 months.

  • EvilGazebo says:

    At the risk of saying the quiet part out loud: aren’t we all sole traders if we want to be? There is no formal registration as there is for limited companies at Companies House, no need for a business bank account per se, no need to register for VAT below £85k. So no way for AMEX to determine if you really are a business or not?? What an I missing?

    • VALittleRed says:

      You can have a business bank account even as a sole trader. Bank accounts are coded into type between personal and business so they can determine from sort code and account number. One possible way they could check but I don’t know if they use other methods.

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

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