Update (August 2013): The bonus for the American Express Platinum card is now 35,000 points, still a great deal.
Update (February 2013): American Express have increased the bonus for taking out this card to a whopping 52,000 Membership Rewards points.
Update (2012): American Express have now increase the annual fee on this card to an eye-watering £450 per year. They are also adding new benefits but it is still worth getting the card just for the 42,000 Membership Reward points sign-up bonus. More details here.
American Express have a fantastic offer of 42,000 bonus Membership Reward points for taking out their Platinum Charge Card, when you are referred by an existing cardholder.
I am a UK Platinum Cardholder and I would be very happy to refer anyone who would like to take out the Platinum card. You don’t even have to provide any information to anyone else, but simply follow this link, where you can see the 42,000 offer:
Once you have the 42,000 Membership reward points, its a simple online process to convert them, on a 1:1 basis, into Avios or BMI miles, or into one of the many other airline frequent flyer programs.
You can also cancel the card after you have received Membership Rewards points and have transferred them to your favourite airline scheme. You then get a pro-rata refund of the annual fee. eg, after 6 months, you’d get £150 back, based on the £300 fee.
The American Express Platinum Card
I have held the Platinum card for over two years now and travel several times a year and can honestly say it is a brilliant card to have and an absolute must if you travel regularly. It is not a credit card, but a charge card which gives you around 30 days interest-free. You simply have to pay off the balance each month and therefore incur no interest charges.
For the £300 annual fee you also get a free Priority Pass card, which gives you free access to hundreds of airport lounges around the world. This alone is worth nearly £260.
Another great benefit is the top level travel insurance which removes the need for any other annual policy and also covers anyone travelling with with you. This policy also covers anywho who has a supplementary cardholder on your account, so you can, for example, give a supplementary card to your parents and they are covered under the same policy!
You can also get Hilton Gold Status, the equivalent with Raddison, Starwood, Hertz and others and a 24-7 concierge free of charge. I have used this to arrange gifts for business clients, booking tickets to sold our concerts and to get tables at restaurants with several month waiting lists.
You also have access to the Amex Fine Hotels of the World Programme, benefits such as complimentary room upgrades and guaranteed early check in and 4pm checkout, as well as perks like fast track airport security at some airport just for showing your Platinum card.
Finally, for those without Elite status with a OneWorld airline, the card allows you to get free Cathay Pacific Gold status, which is equivalent to BA Silver or OneWorld Sapphire. This status tier brings all sorts of benefits such as free lounge access to OneWorld lounges and the ability to select seats for free on certain airlines in advance of those without status.
Amex also regularly run offers where you can exchange your Membership Rewards points for airline frequent flyer points, such as BA’s Avios, with 30%, 40%, 50% or even 100% bonuses!
I honestly could not recommend this card highly enough.
If you’d like the bonus 42,000 miles and are UK based, please follow this link:
More information about the card can be found here.