Amex FX Offer

Get a £100 Amazon voucher or High Street gift card with the American Express Gold credit card

If you’re looking for a new credit card at the moment, American Express has doubled the sign up bonus on the American Express Preferred Rewards Gold credit card.

Until 29th June 2020, the sign-up bonus on Amex Gold is doubled to 20,000 American Express Membership Rewards points.  

These can be turned into lots of things, but for most people the High Street gift cards are the best option.

Take a look at this page of the American Express Membership Rewards website.  As you will see, 20,000 Membership Rewards points can be turned into a £100 gift card for:

  • Amazon
  • Costco
  • Currys PC World
  • Ikea
  • Marks & Spencer
  • Selfridges
  • Ted Baker
  • Topshop
  • Waterstones

…… and more.

They can also be transferred into various airline frequent flyer schemes (Avios, Virgin Flying Club, Flying Blue, Delta Skymiles, Etihad Guest, Emirates Skywards etc) or hotel loyallty schemes (Hilton Honors, Radisson Rewards, Marrriott Bonvoy).

What do I need to do to qualify for the bonus?

You need to spend £3,000 in 90 days to receive it.

Now, let’s be clear, for a lot of people this simply won’t be possible at the moment.  Stop reading here.  However, if your supermarket bills are £100 per week then it won’t be an issue.  You probably have other incidental spending on top.

You can apply for the card here.

Let’s get the boring legal bits out of the way first.  The card has a representative APR 57.6% variable including the annual fee (free in year 1) based on a notional £1,200 credit limit.  The interest rate on purchases is 22.9% APR variable.

There is no minimum income requirement to apply.

Get a £100 Amazon voucher or High Street gift cards with the Amex Gold credit card

Do you qualify for the Amex Gold sign-up bonus?

This is important:

If you had an American Express card in the previous 24 months, you won’t qualify for the bonus.

(The only exception would be if you’d had an Amex card issued by Lloyds Bank or MBNA, as those do not count.)

Here is the offical wording from the Amex website:

“This new Cardmember offer is only available if you have not held a personal American Express Card within the previous 24 months. If you have held a personal American Express Card within the previous 24 months, you will be entitled to all other Card benefits, excluding the welcome offer.”

With that out of the way, let’s look at why we like the American Express Preferred Rewards Gold credit card.

Get a £100 Amazon voucher or High Street gift cards with the Amex Gold credit card

The Amex Gold card is free for the first year

Amex Gold has an annual fee of £140 from Year 2. This is waived in your first year, so you can have some time to see if it suits you or not. You can cancel at any point. If you continue after the first year, you can still cancel at any time and get a pro-rata refund on your fee. Amex is the only UK card company to offer pro-rata fee refunds.

You get 2 free airport lounge visits per year

Let’s assume that flying resumes at some point!

As an Amex Gold cardholder you receive free membership to Lounge Club, a global network of airport lounges. Each year you get 2 free visits – either 2 visits for yourself or 1 visit for yourself and a guest.

The Lounge Club website shows you which lounges you can use including many at Heathrow and Gatwick.  Additional visits after your two free ones are charged at £20 per person per visit. You receive 2 additional free passes each year if you renew your Amex Gold membership.

Get 10,000 bonus points for spending £15,000 per year

The day to day earning rate on Amex Gold is 1 Membership Rewards point per £1 spent.

If you can spend £15,000 per year on your Amex Gold you would receive 10,000 bonus points at the end of your card year.   This is a good result.

Those are the key perks of American Express Preferred Rewards Gold as I see them. There are various other benefits attached to the card as well, including:

double points for foreign spending (but there is a 3% fee for FX charges, so this is only a good deal if you are spending money your employer will reimburse)

double points on flight bookings when booked directly with airlines – this could be very valuable if you spend a lot on flight tickets

10% discount and free additional driver on Hertz bookings

$75 in-hotel credit and an upgrade (based on availability at check-in) when booking 350 4-5 star hotels worldwide


The American Express Preferred Rewards Gold credit card is a low cost (zero cost, actually, in Year 1) and high reward way to begin a relationship with Amex.

If you had been thinking about applying, it makes sense to do so before 29th June whilst the sign-up bonus is doubled to 20,000 Membership Rewards points.

You can apply for American Express Preferred Rewards Gold here.

Disclaimer: Shopper Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history.  By recommending credit cards on this site, I am – technically – acting as a credit broker.  Robert Burgess, trading as Head for Points and Shopper Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.

Want to earn more Clubcard or Nectar points? Click here to visit the Shopper Points home page for the latest news and offers. Come back every day for new deals or join our email list.

Do you earn Clubcard or Nectar points from your credit card?.  If not, you're missing out. We review the best options in this article.

Do you convert Clubcard points into Avios or Virgin Flying Club? If you do, visit our sister site, Head for Points, which is full of tips for maximising your frequent flyer miles.

About Shopper Points

Shopper Points helps you earn more Tesco Clubcard and Nectar points! Visit every day to see our latest articles, follow us on Twitter and Facebook, or sign up for our FREE emails via this page or the box to your right.

Please click here to read our data protection policy before submitting your comment.