A boosted referral offer is running until 12th May 2021.
There are loads of ways you can get more from an American Express credit card other than the ongoing cashback rewards. And they start when you first apply.
First is either a referral bonus or cashback site bonus. These generally are worth between £10 and £25, depending on the card and where you get the link.
Next is the welcome bonus for those who haven’t had an Amex in 24 months. These come with cashback, reward and points based cards. These can easily be worth £100 or more, depending on the card.
Finally there are extra offers available every month on the card, with the Shop Small promotion among my favourites.
Here are some of the special deals running right now.
Referral & cashback site offers
Refer-a-friend links are worth more until May 12th 2021. Here are the top ones to consider.
Obviously you can ask your friends and family if they have a link they can share with you, which you can use for any Amex you like – not just the one they have. They’ll also get a kickback for sharing their link.
If you don’t have anyone then you can use this link here. I won’t get the money on this as it’s limited to how much one person can earn in a year, but you’ll still get the increased offer.
Gold Rewards: up to £280 bonus referral & welcome bonus
This is an outstanding deal for new Amex customers. To get this increased promo you can’t have had a rewards/cashback American Express credit card in the last 24 months. You also need to spend £3,000 in the first three months. Here’s how it works.
Rather than the usual 2,000 points for being referred, you will get 12,000. You’ll also get the standard 20,000 welcome bonus for completing the £3k spend in three months. Then throw in the 3,000 points earned for spending in that time.
This gives a total of 35,000 points. The value of these points depends on how you use them. You can convert them to a gift card with a value of £175 – pretty decent in itself.
Or you can switch them to Avios points and then on to Nectar points. Do this and they’re worth £280. Of course, you are limited how you spend these points – it’s pretty much just Sainsbury’s or Argos. But you could decide to mix between the two.
Either way, it’s a huge welcome and referral bonus combination!
Read my review of the Amex Preferred Rewards Gold credit card.
Platinum Cashback: £35 referral bonus
The increased referral bonus for the Platinum Cashback credit card is £35, up from £25. This is a decent option if you aren’t eligible for the welcome bonus. You’ll also earn more per £1 spent after this. It’s the card I use.
Here’s my review of this Amex and its similar Amex Platinum Cashback Everyday credit card.
The American Express Preferred Rewards credit listed above is the best welcome deal as long as you can spend £3,000 in three months.
If not, the American Express Platinum Cashback credit card offers 5% on the first £2,500 in the first three months. Spend less and you’ll still get the bonus rate.
I’ll add more detail on these soon. In the meantime check out my list of the best credit card promotions and offers.
This is my favourite Amex offer and usually runs in mid-December for two weeks. It’s possible it will return in June 2021 in a different format.
More details in my full Shop Small guide here.