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The card is free in year 1, so the only down side of not hitting the sign-up bonus target is you’d be barred from attempting to get the bonus again unless you later cancelled the card and waited 24 mths to reapply
As your monthly spend is quite low, you’re not going to collect many Membership Reward points with the card, so what’s your thinking for getting this card over, e.g. a cashback card?
The best cashback card I could see is the Amex Cashback Everday (but let me know if there is one better) that is 5% for 5 months and 0.5% for 7 months which works out at about 3.2% (assuming average spending)
Would this work out to be significantly better than Amex Gold (including the other benefits)?
I just hadn’t really considered cashback
In theory yes (if you’d use the Deliveroo credits and the airport lounge passes) for the first year, less so for year 2.
However …. the snag is that, even after you cancel the card you’d have to wait 24 months to get another bonus on most of the Amex cards.
If you think your expenses will go up over the next year or so, or a big purchase may come along, you may be better off waiting and not blowing your chance of getting a decent bonus.
It’s hard to know if a big purchase will come along but it’s probably likely at some point
I think in any case I probably should have a credit card (at least for section 75 protection) so maybe it’s better if I get a non-Amex card (I’m not sure what the best would be given Barclays have said I’m not eligible for the Avios Mastercards) and then re-assess in the future?
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