American Express, a globally recognized name in the financial sector, has been at the forefront of credit card services since its inception in 1850. With a presence in over 130 countries, American Express, often abbreviated as Amex, has carved a niche in offering top-tier financial products, including a range of credit cards known for their lucrative rewards programs and exceptional customer service. Now, by utilizing the American Express referral, new customers have the opportunity to earn up to 80,000 bonus American Express Membership points.
American Express’s Diverse Product Range
Besides its popular credit card lineup, American Express offers various financial services, including charge cards, traveler’s cheques, and comprehensive financial planning and insurance products. The company’s headquarters in New York City is a hub of its global operations and philanthropic activities, supporting charitable causes worldwide.
Tailored American Express Credit Cards
Each American Express credit card is designed with specific customer needs in mind. For example, the Platinum Card is perfect for frequent travelers, offering perks like airport lounge access and points redeemable for airfare and hotel stays. The Gold Card caters to dining and travel enthusiasts, offering higher points for related purchases. On the other hand, the Blue Cash Preferred Card is ideal for those who prefer cash back on daily purchases like groceries and petrol.
The Best Card for Cashback: Platinum Cashback Everyday Card
- Representative APR: 27.2% variable
- Introductory Offer: 5% cashback on purchases for the first 3 months, up to £100
- Interest-free Period: 56 days on purchases (26.6% APR variable thereafter)
- Annual Fee: None
- Cashback Mechanism: Paid annually, subject to conditions
- Minimum Spend for Cashback: £3,000 per year
- Pros: Generous introductory cashback offer, no annual fee
- Cons: The Platinum Cashback Card might be more suitable for higher spenders
The Best Card for Rewards: American Express Preferred Rewards Gold Credit Card
- Representative APR: 70.1% variable
- Introductory Offer: 20,000 bonus points with a £3,000 spend in the first three months
- Interest-free Period: 56 days on purchases (27.2% APR variable)
- Annual Fee: £160 (£0 in the first year)
- Pros: Diverse perks including airport lounge access and points transfer to airline loyalty programs
- Cons: Annual fee from the second year
The Best Card for Travel: American Express Platinum Credit Card
- Representative APR: 448.0%
- Introductory Offer: 30,000 points on a £4,000 spend in the first 3 months, plus £200 Amex travel credit
- Interest-free Period: Full balance payment required each month
- Annual Fee: £575
- Pros: Comprehensive travel benefits, including lounge access and exclusive events
- Cons: High annual fee
The Best Card for Frequent Flyers: British Airways American Express Premium Plus
- Representative APR: 106.0% variable
- Introductory Offer: 25,000 bonus Avios on a £3,000 spend in the first three months
- Interest-free Period: 56 days on purchases (27.2% APR variable)
- Annual Fee: £250
- Pros: Companion voucher for spending over £10,000 per year, travel insurance benefits
- Cons: High APR
The Best Card for Business: British Airways American Express Accelerating Business Card
- Representative APR: 101.5% variable
- Introductory Offer: 30,000 Avios on a £5,000 spend in the first 3 months
- Interest-free Period: 56 days on purchases (24.8% APR variable)
- Annual Fee: £250
- Pros: Avios and On Business points earning, flexible travel options
- Cons: Annual fee
Eligibility and Application Process
To be eligible for an American Express card, applicants must meet certain criteria, including age, residency, banking, and credit history requirements. Prospective cardholders can utilize the American Express Eligibility Checker on their website, a tool that assesses eligibility without impacting the credit score. The online application process is user-friendly, with most applicants receiving a response within minutes.
Conclusion
American Express offers a diverse range of credit cards catering to different needs, whether for personal use or business. With benefits ranging from travel perks to cashback rewards, Amex cards are designed for those who value premium services and are willing to pay an annual fee for these advantages. However, it’s crucial to weigh the benefits against the fees and ensure the card aligns with your spending habits and financial goals.
Frequently Asked Questions About Amex Referral Scheme
What is the American Express Referral Scheme?
By using the Amex referral code, new customers can receive bonus membership points upon account approval.
How many points can I earn through an Amex referral?
The number of bonus points varies based on current offers and the card chosen. The referral offer is typically more advantageous than direct sign-up.
Do I need to choose a specific card for the Amex referral?
The referral link directs to a specific card, but users can explore all eligible cards for the bonus.
How do I sign up using the American Express Invite for bonus points?
Click the referral link, review the terms, select a card, and complete the online application process.
