American Express U.K. offers a number of simple-yet-rewarding credit card options to start earning points for your everyday spending. One of those comes in the form of The American Express Rewards Credit Card.
Spend on one of these cards and it pays you – either in pure cashback or points that you can convert into vouchers for shops, airlines, hotels and more. If you’re debt-free and pay off your card every month, you can earn goodies worth £100s each year.
Interested? Stay with us until the end of this article as we give you all the most important information about the American Express credit card and how to apply for it.
The American Express Rewards credit card is issued directly by American Express. The card is free and you earn Membership Rewards points on your spending.
This is an excellent card for anyone who currently has an Amex Gold or The Platinum Card and is thinking of cancelling it due to the annual fee.
Whilst you wouldn’t qualify for a sign-up bonus, getting a free American Express Rewards card would keep your Membership Rewards points alive.
If you don’t do this, you would need to spend or transfer all of your Membership Rewards points before closing your Gold or Platinum card.
Welcome Bonus and Annual Fee
There is a welcome bonus of 10,000 Membership Rewards points after spending £2,000 within the first three months of card membership.
Based on TPG’s valuation of Membership Rewards points, this welcome bonus is worth around £150.
Even better, there’s no annual fee in your first or subsequent years. So, provided you can meet the minimum spend required for the welcome bonus, you should be coming out in front.
Representative example: 25.3% APR variable and a purchase rate of 25.3% per annum with an assumed credit limit of £1,200.
To save time before applying for your American Express Preferred Rewards Gold Credit Card, it’s best to make sure you can say yes to the following.
- Aged 18 or over;
- A current UK bank or building society account;
- A permanent UK home address;
- No history of bad debt.
If you can say yes, go ahead. The application usually takes less than 10 minutes and we may be able to give you a response in less than 60 seconds – so apply now.
At the end of this article, you will locate a green button and by clicking on it, you will be directed to your Amex card application page.
What is the Amex Rewards sign-up bonus?
American Express Rewards offers a sign-up bonus of 5,000 Membership Rewards points when you spend £2,000 within three months.
Membership Rewards points can be converted 1 to 1 into Avios. Click here for our article on what other reward programmes are Membership Rewards transfer partners.
This means that you can receive 5,000 Avios points for free by applying, spending enough to trigger the sign-up bonus and then transferring the points to British Airways.
Just like with its no annual fee, this is an uncomplicated card when it comes to earning. It has a simple earn rate of 1 Membership Rewards point per (full) £1 spent.
Unfortunately, as a no annual fee card, there are no categories or purchases that earn a higher rate than this.
If you are spending plenty on travel or with airlines, you may wish to consider other American Express U.K. cards that offer higher earn rates for these categories.
Also keep in mind that, like other Amex U.K. cards, this card comes with a foreign transaction fee of 2.99%. If possible, try to avoid using this card for international purchases — especially if your main goal is accumulating rewards, as any benefit gained from the points could be offset by the foreign transaction fee.
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