Shoppers who spend money with a particular branded credit card could end up being paid in cashback and points worth up to £100s each year.
A money-saving expert expert recently shared in the latest weekly edition of the MSE email that American Express is offering any new sign-ups for their Preferred Rewards Gold Card incredible incentives such as £150 to spend at Amazon.
The newbie deal is only running for a limited time only and will only be available until Tuesday, November 8 - so, if you are interested, then you might want to be quick.
Rewards cards can be used for your everyday spending and you can earn cashback or points that can be transferred into vouchers, or money off at various popular retailers. While the thought of a credit card can be daunting, especially giving the current cost of living crisis, but they can be a great way to earn incredible discounts.
The new American Express offer is running for a limited-time only and it will see new sign-ups earning 30,000 points when they spend £3,000 in their first three months of membership. And while that might sound like a lot of money, it can be something that is achievable while doing your shopping in the build-up to Christmas.
These points are then worth enough for a £150 Amazon or M&S gift card, which is perfect for anyone looking to get in some Christmas gifts and shopping over the next few months. Foodies can also get £5 cashback on two £5+ Deliveroo orders per month.
Membership for the new card is free in year one, but will be charged at £160 a year, so it is worth popping that date in the diary if you don't want to pay anything passed that date.
If you were thinking of signing up for the Amex Preferred Rewards Gold Card, then we have all the information on the incredible offer below.
What rewards can I earn with the American Express Preferred Rewards Card?
- Nectar points. Value of 1 Amex point = 0.8p. Using a trick (full step-by-step below), you can swap your points to Avios and then to Nectar. 1 Amex point = 1 Avios but 250 Avios = 400 Nectar points, which can be spent at Nectar partners, including Sainsbury's, eBay, Argos.
- Shopping vouchers. Value of 1 Amex point = 0.5p. Choose from retailers such as Amazon, M&S and Currys.
- Use your points to pay online. Value of 1 Amex point = 0.45p. Choose from retailers such as Aldi, Asda and Boots.
- Air miles/hotel points. Value varies. Schemes include Avios, Virgin Red and Hilton Honors.
What is the eligible criteria?
Of course, signing up for a credit card means that you need to be able to meet some eligible criteria. Before you sign up, it is great if you can say yes to the following:
I am aged 18 or over
I have a current UK bank or building society account
I have a permanent UK home address
I have no history of bad debt
I understand I will not be eligible for any Welcome Bonus award if I hold or have held any personal American Express Card in the past 24 months.
If that sounds like you, then you can fill in an online application form that is said to take just 10 minutes to fill in.
You can find out more about the American Express Preferred Rewards Gold card and its limited-time offer here.
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