One week left to earn two absolutely huge credit card welcome bonuses

Jul 12, 2022

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Time, once again, to sound the Points Guy bonus offer klaxon!

You have just one week left to earn up to 50,000 Avios with Barclaycard or 30,000 membership rewards points with Amex when you sign-up to either credit card offerings.

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So act fast. The offers end on 18 and 19 July respectively.

But what’s involved, and how do you actually earn the welcome bonus?

The Barclaycard Avios Mastercard offer

(Photo by The Points Guy)

In late June, Barclays doubled the welcome bonus for its two brand new Avios earning credit cards. offering new users to earn 10,000 bonus Avios on the Barclaycard Avios Mastercard (up from 5,000) or 50,000 bonus Avios on the Barclaycard Avios Plus Mastercard (up from 25,000).

The Barclaycard Avios Mastercard has no annual fee and rewards users with 1 Avios per £1 spent on the card on everyday purchases. You just have to spend £1,000 in the first three months of card membership to qualify for the 10,000 Avios welcome bonus.

Representative Example: This card has a representative APR of 23.9% variable and a purchase rate of 23.9% variable with an assumed credit limit of £1,200.

Related: How to get the best value out of BA’s Reward Flight Saver redemptions

Then there’s the Barclaycard Avios Plus Mastercard, which has a monthly fee of £20 and rewards users 1.5 Avios per £1 spent on the card on everyday purchases. To qualify for its reward, you must spend £3,000 in the first three months of card membership.

On top of that, if you are enrolled in Barclays Avios Rewards as well as holding the Barclaycard Avios Plus Mastercard you will receive a £5 monthly credit to your current account every month, effectively reducing the annual fee for this card from £20 per month to £15 per month.

Representative Example: This card has a representative APR of 72.4% variable and a purchase rate of 23.9% variable with an assumed credit limit of £1,200.

If you’re new to Avios and want an idea of what 50,000 Avios actually looks like, consider that it is enough for two passengers to travel return Euro Traveller off-peak on British Airways to any European destination, with minimal fees, taxes and surcharges.

For a more detailed explanation of all the (genuinely excellent) benefits of both cards, check out our full article on the offer here

The American Express Preferred Rewards Gold offer

(Photo by Liam Spencer/The Points Guy)

If you’re looking for a little more flexibility in the rewards points you earn, the American Express Preferred Rewards Gold Credit Card may be the card for you.

It is Amex’s Membership Rewards points’ flexibility that makes them so valuable and can be used to facilitate adventures across a myriad of partners. The programme partners with 13 different airlines (including British Airways, Emirates, Singapore Airlines and Virgin Atlantic), as well as three hotel chains (Hilton, Radisson and Marriott) and two other partners (Club Eurostar and Nectar).

Exactly one month ago, American Express announced it had bumped its welcome bonus to a huge 30,000 Membership Rewards points, so long as you spend £3,000 in the first three months of card membership.

That’s up from its usual 20,000-point sign-up bonus.

And remember: that offer ends on 19 July.

Related: American Express increases welcome bonus on Preferred Rewards Gold Card to 30,000 points

And if you’re wondering what 30,000 Membership Rewards points can buy, based on TPG’s most recent valuations, they are worth a huge £420. Plus, you’ll earn additional points for every pound you spend, earning you even more rewards.

The Amex Gold card is one of the best cards available in the U.K. — especially for beginners. That’s because the card’s relatively low annual fee of £140 is waived for the first year that you hold the card.

Other than the increased welcome bonus, the other features and perks of the card are staying the same. You’ll continue to earn at the following rates:

  • Membership Rewards points per £1 spent on the American Express Travel portal;
  • 2 points per £1 spent directly with airlines or spent in any currency other than pound sterling. Though do note that these foreign currency purchases will be subject to a 2.99% fee, which negates much of the point-earning benefit; and
  • 1 point per £1 spent on all other purchases.

If you’d like to know more about the American Express Preferred Rewards Gold Credit Card, read our detailed breakdown of how it works here. 

Featured image by mixetto/Getty Images.

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