American Express (Amex) offers & deals

The best referral offers, welcome deals and extra savings.

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.

American Express deals

Welcome offers

If you’ve not had an American Express card in your name in 24 months you’ll be eligible for a welcome bonus when you sign up and meet specific spending thresholds.

You might be eligible for a bonus from the Platinum card and British Airways cards as an existing cardholder – it depends on which card or cards you have. I’ve explained more in this article.

The highest paying standard welcome promotions are:

CardBonusValueFee
American Express Preferred Rewards Gold credit card20,000 Amex Membership points £184 in Nectar points£0 (£140 in year two)
American Express Platinum Cashback credit card5% on first £2,500 spent Up to £125£25
Nectar American Express credit card20,000 Nectar points £110 in Nectar points£0 (£25 in year two)
Includes points earned in bonus period / Assumes points are converted to Avios then Nectar

These offers are sometimes boosted and it’s often worth waiting for these deals to come along. Once to look out for include:

  • 30,000 points with the Amex Gold Rewards card
  • 60,000 points with the Amex Platinum card
  • 50,000 points with the BA Amex Premium Plus card

When these are running I’ll share the details below.

Amex Preferred Rewards: Boosted welcome bonus (expired)

From 12 October to 8 November 2022 the welcome bonus is increased on the American Express Preferred Rewards Gold credit card.

CardReward typeNormal bonusBoosted bonusOffer ends
American Express Preferred Rewards Gold credit cardMembership Rewards Points20,00030,000 (32,000 if you go via a refer-a-friend link)8 November 2022

You need to spend £3,000 in three months, which will earn you another 3,000 points and a total of 33,000 or 35,000 points. That’s worth up to £240 in Nectar points (via Avios).

You’ll also trigger additional bonuses throughout the year, depending on your spending (details here).

The card is free in year one, but does come with a £160 annual fee after this, so you’ll probably want to cancel it after 12 months.

Amex Platinum: Boosted welcome bonus (ended)

From 2 August to 25 October 2022 the welcome bonus is doubled on the American Express Platinum credit card.

CardReward typeNormal bonusBoosted bonusOffer ends
American Express Platinum credit cardMembership Rewards Points30,00060,000 25 October 2022
£200 Travel credit voucher

You need to spend £6,000 in six months, which will earn you another 6,000 points and a total of 66,000 points. That’s worth £528 in Nectar points (via Avios).

You can get even more if you go via a refer-a-friend link with another 5,000 points added to the bonus. That’s worth £40 if converted to Avios then Nectar points, and beats the £35 available from TopCashback at the time of writing.

On top of this, once you trigger the bonus points you’ll also get a £200 credit offer to spend on American Express Travel.

This card also comes with £100 of Harvey Nicholls credit and up to £300 of dining credit each calendar year. More on both of these further down the page. Here’s my full guide to how to stack these different deals together.

However the card does come with a £575 annual fee. You can get a partial refund if you cancel once you’ve got the bonus. More details on this in my review.

Extra welcome offers

Whether you’re eligible for a welcome bonus or not you should always apply for an Amex via a refer-a-friend link or cashback site. These can be worth anything from a fiver to more than £100, depending on the card.

It’s impossible to say which is best as the rates change per card and can sometimes be increased. So I’d check both options and go for the one that pays the most.

Cashback site welcome bonus

An alternative to referral bonuses which can sometimes pay better is to go via Quidco or TopCashback. It’s worth checking both sites to see which one pays more, and then comparing the rate to the referral bonuses.

If you’re not with either cashback site then you can also nab an extra welcome bonus on those too!

Refer-a-friend offers

Most Amex cards will give an extra bonus for signing up via a referral link. From time to time these are boosted,

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 there’s a limit to how much one person can earn in a year, but you’ll still get the increased offer.

To see all the different referral options click the “see all cards with a referral offer” button at the top of the page when it opens. You’ll get the rate shown for the card you select.

Upgrade offers

Very rarely there are promotions to get you to upgrade your card. The bonus won’t be as good as the welcome deals for newbies, but it’s worth taking a look.

Upgrade Gold credit to Platinum: 20,000 points

If you have the Preferred Rewards card then you won’t qualify for the welcome bonus on the Platinum card, so this upgrade offer is worth a look.

You can get 20,000 Amex Reward Points if you upgrade from the Preferred Rewards Gold credit card to the Platinum credit card. You’ll need to spend £4,000 in three months, so this is only for big spenders.

You’ll earn 1 point per £1 spent, so in total you’ll get 24,000 points if you achieve this. That’s worth £192 if converted to Avios, and then to Nectar points.

You’ll also get the £150 annual UK dining credit and twice yearly £50 Harvey Nicks credit. So sign up now and use both offers before and after Jan 1, and that’s an extra £400.

You won’t get the £200 travel credit that new customers get.

Bear in mind you’ll need to pay £575 as an annual fee, though as explained above in the Platinum welcome bonus deal, you can cancel once you’ve got the bonus and get a pro-rata refund.

Upgrade Gold charge to Platinum: 20,000 points

If you have the older Preferred Rewards Gold charge card (this is slightly different from the credit card) you can get 20,000 Amex Reward Points if you upgrade to the Platinum credit card. You’ll need to spend £4,000 in three months, so this is only for big spenders.

You’ll earn 1 point per £1 spent, so in total you’ll get 24,000 points if you achieve this. That’s worth £192 if converted to Avios, and then to Nectar points.

You’ll also get the £150 annual UK dining credit and twice yearly £50 Harvey Nicks credit. So sign up now and use both offers before and after Jan 1, and that’s an extra £400.

Bear in mind you’ll need to pay £575 as an annual fee, though as explained above in the Platinum welcome bonus deal, you can cancel once you’ve got the bonus and get a pro-rata refund.

Boost Amex and Avios points

Andy’s top tip

Nectar: Swap Amex and Avios points

It’s possible to swap Amex Reward points for a number of different options, including gift cards. But the most valuable option is going to be swapping them for Avios points and then swapping these points for Nectar points.

You’ll get the equivalent of 0.67p per point, so roughly 0.67% cashback. And you can do the same if your Amex card earns Avios points directly. Here’s more on how to convert your points.

Extra offers

Shop Small 2022: £5 credit with £15 spend

This is my favourite Amex offer and usually runs in June and December. In 2022 it runs 3 to 12 December (and earlier one ran 20 to 26 June). You’ll get £5 back with each £15 spend at participating retailers, up to five times per card. More details of how to maximise your returns are in my full Shop Small guide here.

Deliveroo: 2 x £5 credit each month with Amex Gold

If you hold the Preferred Rewards Gold Amex then every month you can get £5 back on up to two Deliveroo orders. Make sure you save the offer to your card. There’s also a £5 minimum spend per order.

Harvey Nichols: £100 free credit a year with Amex Platinum card

If you have the Platinum American Express card (which comes with a huge £575 annual fee) you can now get £50 back twice a year from spending at Harvey Nichols.

The spend can be cumulative and there’s no minimum spend. So buy something for a tenner and you’ll get £10 back to your card. The offer resets on 1 July each year and you can earn up to £50 again for the second part of the year.

It’s only for primary card holders and you need to activate the offer in your account before spending. It’s due to run until December 2024.

Dining: Up to £300 free credit a year with Amex Platinum card

This offer is for people with the full Platinum Amex, not the cashback versions. Each year until 31 December 2024 you’ll get £150 dining credit to use at some top restaurants. Most do seem to be in London but there are a few around the country (mainly the Ivy chain) so you should be able to redeem the offer.

There’s also the same amount available overseas, though the locations are very limited. So I’d treat this as an extra rather than a certainty.

As with most Amex offers, you’ll need to add it to your card. It’s limited to the main cardholder only so can’t be added to supplementary cards.

The card comes with a massive £575 annual fee so I wouldn’t apply just for this offer (indeed there’s no guarantee it’ll be available to newbies) – but if you do go for it, the fee will be prorated if you cancel.

PayPal: Various money back deals (expired)

Check out the offers tab of your American Express app or online account to see if you’ve got a deal when you spend with your Amex via PayPal.

When I first looked nothing was showing on any of my three cards, but a few days later it appeared on two of them. I’ll be keeping an eye on my third card in case it shows there too.

I’ve got £20 back when I spend £100 on one card (one use), and £15 back on a £70 spend on the other (three uses). You might see a different offer.

You have to make the transactions before 31 October 2022.

My top deals

Here are a few ongoing and recent offers you might have missed:

Banking offers

Savings & investing offers

Cards and bills deals

Shopping vouchers and other deals

Entertainment deals

Food and drink offers

2 thoughts on “American Express (Amex) offers & deals

  1. Hi Andy,

    Firstly, top quality content mate keep it up!

    Is there a way to obtain the £20 PayPal credit without actually spending (losing) the £100? A bit like how we can get £5 from the Halifax Rewards Account by just “spending” £500 on Revolut.

    1. Sadly I don’t think so – it needs to be an actual transaction

Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.