Further cashback and insurance coverage on high may very well be price one other £400
For a short while, the welcome bonus has an additional bonus on the American Categorical Platinum bank card. However be careful for the huge annual charge.
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What’s the American Categorical Platinum card?
The Amex Platinum card is a degree incomes card that comes with extras like free journey insurance coverage and credit score to spend every year on consuming out (£200 within the UK) and at Harvey Nicholls (£50). Nonetheless it comes with a hefty £650 annual charge.
You’ll earn one Amex Membership Reward level for each £1 you spend with the cardboard. That’s both the equal of 0.5% again in case you swap your factors for present card (a charge that may be simply overwhelmed.)
You possibly can learn extra concerning the card and it’s advantages in our full Amex Platinum evaluation.
Who can get the welcome supply?
Not like with different Amex playing cards, you may be capable to get this bonus in case you’ve already received an Amex or had one within the final two years.
The one playing cards that may rule you out are the Most popular Rewards Gold card and the Rewards card. Right here’s extra on which playing cards will nonetheless make you eligible for this supply.
Normal Amex Platinum welcome supply
Normal: earn 50,000 factors
New cardholders can get 50,000 Amex Reward factors in the event that they spend £6,000 within the first three months of getting the cardboard. That’s price £280 in present vouchers or as Nectar factors. Or you possibly can swap them for various airline factors. I’ve rounded up all Amex Reward redemption choices right here)
As with different American Categorical playing cards, my tip is to attend for closely elevated welcome affords earlier than making use of.
| Card | Reward sort | Regular bonus |
| American Categorical Platinum bank card | Membership Rewards Factors | 50,000 factors |
Boosted Amex Platinum welcome supply
This newest new consumer supply may add as much as £550 of freebies.
Boosted: earn 80,000 bonus factors
This supply, operating from 12 March to 27 Could 2025 provides an additional 30,000 factors to the overall out there, so that you’ll get 80,000 as a welcome bonus.
To set off the bonus you’ll need to spend an elevated £10,000, although you’ll have longer than regular to do that, at six months. This spending will earn you one other 10,000 factors and a mixed whole of 90,000 factors, price £450.
Further £100 cashback / referral
There’s presently additionally £100 cashback out there in case you go through cashback website Quidco, or a decrease £50 through TopCashback (it’s all the time price checking each because the charges change). This £100 is assured when you’re accepted for the cardboard and isn’t depending on any spending.
Or, in case you get referred by a pal you’ll get a complete of 100,000 factors as a bonus whenever you spend the total £10,000 in six months. These further 20,000 factors are price £100 as nicely, which implies you’ll get the identical quantity this manner as Quidco, although your pal may even get a kickback.
Added on to the bonus and spending factors, both of those offer you a complete of £550. You possibly can’t mix the cashback website and referral hyperlink.
| Boosted welcome supply | Requirement | Further supply | Provide ends |
| 80,000 Amex factors | Spend £10,000 in six months | £100 cashback or 20,000 extra factors through referral | 14 January 2025 |
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+ Get a £20 Quidco bonus (new members solely). Extra particulars
The charge and further affords
Nonetheless, when you deduct the £650 charge, you’ll be down £100. That doesn’t sound thrilling, but it surely means you gained’t be paying for all the extra affords that include the Platinum card.
Over the following 12 months you’ll be capable to declare affords price £250:
Then there are different perks to consider on high.
- Annual journey insurance coverage
- Airport lounge entry
The insurance coverage may very well be price £150 to £200, if no more, whereas the airport lounge passes would value £200 to £400 – although in fact you may not want these.
So total, the £450 from the welcome deal, £100 from cashback website, £250 from credit score affords and £150 saving on journey insurance coverage would whole £950 – so that you’ll nonetheless make a revenue from this boosted supply and different offers, making it price a glance.
Additionally, sooner or later, Amex has plans to cease pro-rata refunds of the annual charge in case you cancel halfway via the 12 months. You may get fortunate and set off the affords earlier than this occurs, supplying you with some off the charge again. However I’d assume you’ll be paying the total quantity.
