From Tuesday, American Express is offering up to 18,000 bonus points worth £90 to new customers taking out its Express Rewards credit card.
For the first three months of holding the credit card, card holders will receive 6,000 bonus points each month worth £30 when they spend over £500 in that month.
Express Rewards can be redeemed for vouchers or gift cards from a range of leading high street and online retailers, including Marks & Spencer, Net-A-Porter, Amazon, Molton Brown, Waterstones, HMV, iTunes and House of Fraser.
As with all reward credit cards, the Amex card is not suitable for long-term borrowing, as it has a typical APR of 17.9% – borrowing on the card will soon wipe out the rewards you’ve earned.
An excellent introductory reward deal
Which? credit card expert Martyn Saville commented: ‘The Amex Express Rewards card offers one of the most generous introductory reward point deals on the market.
‘Just as Amex offers the best opening deal for cashback, this new offer is excellent for earning high street retail vouchers.
‘Once the 3-month deal has expired, the card is still very good for supermarket and department-store shopping. While the general reward rate of 0.5% is easily beaten by other providers – such as the 1% available from Orange – Amex pays a 1.5% reward on spending of up to £500 a month at leading supermarkets, as well as 1% at major department stores.’
Read a full review of reward credit cards in Which? Money
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