American Express extends increased sign-up bonuses for referred members

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Last week I wrote about how American Express was offering increased sign-up bonuses to new members being referred by existing members through February 13, 2012.

For the American Express Premier Rewards Gold card they were offering a 25,000 point sign-up bonus after spending $2,000 on the card within three months, in addition to 10,000 points for the person making the referral. The best publicly available offer is 15,000 points after spending $1,000 within three months, so it’s quite a bit better.

For the Platinum card they were offering a 50,000 point sign-up bonus after spending $3,000 on the card within three months, in addition to 10,000 points for the person making the referral. The best publicly available offer is 25,000 points after spending $1,000 within three months, so it’s also quite a bit better (assuming you can reach the minimum spend).

Well, it appears that even though that offer expired, there’s a new referral bonus which offers the same increased sign-up bonus for referred members.

For the Platinum card, American Express is still offering a 50,000 point sign-up bonus after spending $3,000 on the card within three months, in addition to an increased 20,000 point referral bonus per card (though it’s capped at five referrals). This offer is valid for referrals submitted by March 1, for applications submitted by March 15, 2012.

The offer can be found at americanexpress.com/referplatinum if you’re an existing cardholder and want to make a referral, or of course if you’re in the market for the card I’d love to refer you if you email me at onemileatatime@hotmail.com.

Then for the Premier Rewards Gold card, American Express is still offering a 25,000 point sign-up bonus after spending $2,000 on the card within three months, in addition to a 10,000 point referral bonus per card (capped at 50 referrals). This offer is valid for referrals submitted by March 15, for applications submitted by March 31, 2012.

The offer can be found at americanexpress.com/referpremier if you’re an existing cardholder and want to make a referral, or of course if you’re in the market for the card I’d love to refer you if you email me at onemileatatime@hotmail.com.

As I outlined in the previous post, both of these cards are fantastic cards to have. The American Express Platinum card has benefits that more than cover the annual fee, especially the first year, and the Premier Rewards Gold card has a waived annual fee for the first year and one of the best points earning ratios of any card.

In the past these would have been average sign-up bonuses for American Express thanks to the fact that they more or less matched any targeted sign-up offer for anyone, though nowadays I’d say these are about as good as the bonuses will get, with the exception of select targeted members.

And more than anything, we’re seeing these referral bonuses for existing members more and more often. Having the ability to earn bonuses for referring others to these cards is another way to rack up tons of Membership Rewards points.

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Comments

  1. Huh. On referpremier I’m still seeing the “refer by February 13 for apps submitted by February 28” in the terms.

  2. @ ArizonaGuy — That’s what it says for me too, but I got a postcard today with the URL stating the bonus and when it expires, which is March 15/30.

  3. @ BothofUs2 — I’ve searched for both and unfortunately it seems there’s no extra bonuses on either card.

  4. Lucky, fine print says: OFFER NOT AVAILABLE TO EXISTING CONSUMER AMERICAN EXPRESS CARDMEMBERS.
    Does that mean that if one already has a consumer Amex card, they won’t be eligible for 25,000 bonus??

  5. @ reader — That’s standard AmEx verbiage. It refers exclusively to those that have previously had the card.

  6. Lucky, speaking of American Express, do you have an opinion of the Mercedes Benz Platinum card? The fee is $25 more, but you get a 50K signing bonus for the same minimum spend as the publicly available offer for the regular Platinum card.

  7. Thanks Ben. This looks like a pretty good deal. My wife has been waiting to get a platinum card until the best offer comes along. I’ve sort of been hoping for a 100k, but that’s unlikely. This is essentially 70k (20k for me and 50k for her), which I think is about as good as it’s going to get. With two calendar years of airline change fees, that’s basically 70k Amex for $50.

  8. @ Larry — Spot on. If there ever is a higher sign-up bonus it will most likely be targeted, meaning there won’t be a way to do a referral. A combined 70K is pretty tough to beat nowadays.

  9. Postcard I got today for my gold is only for 5000 referral points, and the URL is americanexpress.com/refermygold rather than /referpremier

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