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Forums Payment cards American Express Gold and upgrade to Platinum or straight to Platinum?

  • 8 posts

    Hi, I’d love any advice on my thinking below. Couldn’t see this in any other recent threads but please let me know if I’ve missed it.

    Approach:
    1. P1 refers P2 for an Amex Gold, P1 gets 18k MR. I believe P1 (me) gets 18k for referring any type of Amex card
    2. P2 spends £3k in 3 months on the Gold and gets 40k MR (as confirmed on P1’s referral page)
    3. P2 upgrades her Gold to Platinum, spends £10k in 6 months and gets 75k MR. P2 has never done an upgrade before, which is in the T&C

    Total haul 133k MR

    OR: P1 refers P2 direct to a Platinum for 18k MR referral bonus, P2 gets 100k MR after £10k spend in six months.

    Total haul 118k but less risk/headache!

    Has anyone successfully executed this recently? Is there a minimum requirement of time for holding the Gold before you can get the 75k upgrade offer? I understand Amex will give the 75k MR when hitting the spend requirement (and won’t give them after six months regardless, as has been the case before I believe)?

    269 posts

    The current upgrade offer runs until May 27th, which may be relevant?

    387 posts

    Second option is incomplete. P2 downgrades after qualification & waits for upgrade bonus. Option 1 wastes this opportunity.

    8 posts

    Hbommie – thanks, yes we’d be fine to reach £3k by then and upgrade to Platinum.

    Swiss Jim – this is brilliant, hadn’t thought of that. Would it really work? I presume so, as I’ve not really seen any restrictions against it…

    6,646 posts

    @LHRNAIAOSL – it has previously been suggested that you can’t or aren’t eligible upgrade from Gold to Plat in the early months of holding the card and maybe longer. It’s subject to eligibility anyway, so no certainty you will get upgraded.

    8 posts

    Yes, I’ve done some digging and can see this, which might trump it and put me back to option 2 to keep things simple. Thanks for the heads up!

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