American Express cuts credit card bonus points deals
American Express halves bonus points offers on Qantas Ultimate, Platinum Edge and Explorer credit cards.
New American Express cardholders will earn fewer bonus points following changes to its Qantas Ultimate, Platinum Edge and Explorer credit cards today. After ramping up the bonus reward points to lure new applicants over Christmas and the new year, American Express has reverted to the standard bonus points offers across the three cards.
The Qantas Ultimate card previously boasted the most competitive bonus Qantas Points offer on the market, but the 100,000 bonus points offer has dropped to 50,000 as of today. Similarly, the Explorer card now offers 50,000 bonus Membership Rewards rather than 100,000 points. The American Express Platinum Edge card has also lowered its bonus points offer by 50%. While you could previously earn 10,000 Membership Rewards points on sign up, new applicants will only earn 5,000 bonus points.
This leaves the NAB Premium Rewards card with 80,000 bonus points, the ANZ Frequent Flyer Black card and its 75,000 bonus points and the HSBC Platinum Qantas credit card and its offer of 60,000 bonus points in the lead for the most valuable bonus points offers on the market.
Unfortunately, the spend requirements haven’t lowered with the bonus points. You still have to spend $750 in the first three months to collect the bonus 5,000 Membership Rewards on the American Express Platinum Edge card. Cardholders of the Qantas American Express Ultimate card and the Explorer card will be required to spend $1,500 in the first three months of owning the card to earn the bonus 50,000 points. Unfortunately, this means you receive less value for your money when earning the extra points.
If you still want to earn a bonus 100,000 Membership Rewards, the American Express Platinum Card is extending its 100k Membership Rewards bonus points offer to cardholders who apply and are approved by 1 May 2017. All you need to do is spend $1,500 in the first 3 months of card activation.
Bonus points aren’t the only extra features getting a revamp this week. All complimentary credit card insurance will be provided through Chubb Insurance rather than ACE. This is important to note when making a claim with your card’s insurance.
You can compare credit cards by their bonus points offerings using our frequent flyer cards guide.