Here's how you can boost your reward or frequent flyer point balance when you sign up for a new American Express credit card.
Amex offers a range of competitive reward and frequent flyer cards you can use to earn points through Qantas Frequent Flyer, Velocity Frequent Flyer or the American Express Membership Rewards program. If you aren't an existing American Express card member, you could also get thousands of bonus points when you sign up for a new card. Use this guide to compare current American Express sign-up bonuses and find out exactly what you need to do to get these extra points.
What American Express bonus point offers are available?
American Express has different offers available depending on the card, but all of them offer thousands of bonus reward or frequent flyer points for new cardholders. For frequent flyers, you could enjoy a bonus 75,000 Qantas Points with the Qantas Ultimate Card, 60,000 bonus Qantas Points with the American Express Qantas Premium Card or 7,500 bonus Velocity points with the Velocity Escape Card.
If you want more flexibility in your rewards, the American Express Platinum Edge Card gives new cardholders a bonus 5,000 Membership Rewards points. These can be exchanged for frequent flyer points with a range of airlines, or rewards from the American Express Membership Rewards program.
Compare American Express Rewards Credit Cards
How do I get a bonus point offer from American Express?
The requirements you need to meet to get bonus points with a new Amex card vary between offers. But generally, you need to meet the following terms and conditions:
- New cardholders. Bonus point offers are only available if you're a new American Express card member and have not held a card issued by Amex in the past 18 months.
- Application promotional period. Bonus point offers are usually only available when you apply for a card by a specific date. If you apply after this time, you won't be eligible for the promotion, so make sure you check the date of any specific offers you look at before you submit your application.
- Spending requirement. Usually, you'll have to spend a set amount of money in the first few months you have the card in order to get bonus points. For example, you may have to spend $1,500 on eligible purchases in the first 3 months from your card approval date.
- Eligible purchases. While most transactions you make with an Amex count towards the spending requirement for bonus point offers, eligible purchases do not include cash advances, interest, balance transfers, fees and charges for traveller’s cheques and foreign currencies. Note "cash advances" can include gift card purchases.
- Rewards program details. If the American Express card you get offers bonus Qantas Points or Velocity Points, you'll need to provide your membership details before you can earn any points for your account spending. If you have a card that earns Membership Rewards, these details will already be linked to your account.
Remember, specific requirements can vary between Amex cards, so make sure you check the details of any bonus point offer you're considering before you apply. After meeting all the requirements and spend criteria, it will take around 8-10 weeks for points to be credited to your rewards account.
What else do I need to consider
American Express bonus point offers are very appealing if you're looking for a way to earn points faster. But make sure you also consider the following:
- Annual fee. This is an expense you'll have to deal with every year, so be sure to check what the standard cost is and decide if the card's ongoing features are worth it.
- Purchase rate. As a spend requirement is usually involved when you get bonus points, make sure you check the interest rate that applies to purchases. If you don't pay off your balance before interest is applied, it can quickly add up.
- Interest-free days. Most Amex credit cards offer a set number of interest-free days on purchases when you pay your balance in full by the due date on each statement. This feature gives you a way to earn points without paying interest on most or all of your card spending. It's also another incentive to pay the balance off completely each month.
- Cash advances. Most credit cards, including American Express products, have high cash advance interest rates and additional fees. These charges apply in a range of situations, including when you use your card to get cash out, buy foreign currency or traveller's cheques and in some cases even when you purchase gift cards with your Amex card.
- Points per $1. The standard rewards earn rate for credit cards is represented as a set number of points per $1 spent on eligible purchases. Check this rate when you're comparing Amex cards and weigh it against your average spending and the annual fee to help you find an option that offers value based on your spending habits.
- Complimentary extras. Amex is known for offering a variety of perks and additional features, such as complimentary insurance, concierge services and exclusive offers through Amex Connect. These features can help offset the cost of the annual fee for your card, as long as you use them.
American Express offers a range of competitive credit cards that often include bonus point promotions for new cardholders. By comparing these deals to other credit card reward and frequent flyer offers you can find and apply for card that offers great value for your circumstances and goals.