This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
American Express UK offers a number of simple-yet-rewarding credit card options to start earning points for your everyday spending. One of those comes in the form of The American Express Rewards Credit Card.
Who Is This Card For?
The Amex Rewards Credit Card is marketed toward those looking to earn some rewards for everyday spending while still avoiding an annual fee.
Welcome Bonus and Annual Fee
There is a welcome bonus of 5,000 Membership Rewards points after spending £2,000 within the first three months of cardmembership. Based on TPG’s valuation of Membership Rewards points, this welcome bonus is worth around £75.
Even better, there’s no annual fee in your first or subsequent years. So, provided you can meet the minimum spend required for the welcome bonus, you should be coming out in front.
Representative example: 22.9% APR variable and a purchase rate of 22.9% per annum with an assumed credit limit of £1,200.
Just like with its no annual fee, this is an uncomplicated card when it comes to earning. It has a simple earn rate of 1 Membership Rewards point per (full) £1 spent.
Unfortunately, as a no annual fee card, there are no categories or purchases that earn a higher rate than this. If you are spending plenty on travel or with airlines, you may wish to consider other American Express UK cards that offer higher earn rates for these categories.
Also keep in mind that like other Amex UK cards, this card comes with a foreign transaction fee of 2.99%. If possible, try to avoid using this card for international purchases — especially if your main goal is accumulating rewards, as any benefit gained from the points would be offset by the foreign transaction fee.
Read our complete guide to using your Membership Rewards points.
This card doesn’t come with as many perks as some of the more expensive — but more lucrative — points-earning American Express cards. That said, there are still some benefits you may find useful.
- You can opt to have free supplementary cards for any close family and friends in order to maximise your point-earning, but remember that you, as the primary cardholder, will still be responsible for paying the balance each month.
- There’s travel accident insurance up to £150,000.
- Refund protection insurance up to £200 if a retailer refuses to refund an eligible item.
- Purchase protection insurance up to £2,500 for items stolen or damaged within 90 days or purchase.
Keep in mind that some of these benefits, such as the insurances, are subject to enrollment.
Which Cards Compete With This Card?
This card is similar to two cards in particular. First, the Rewards Low Rate Credit Card from American Express UK, which also has no annual fee. It comes with a welcome bonus of 2,500 Membership Rewards points after spending £1,000 in the first three months. It provides a lower interest rate of 9.9% instead. (Full review of the card coming soon.)
The card also competes with the Preferred Rewards Gold Card from American Express UK, which offers twice the welcome bonus (10,000 Membership Rewards points). It also has no annual fee, but only for the first year (and then a £140 annual fee in subsequent years).
This card can be a good option for anyone wanting to get into the points game.
No annual fee will allow you to build your points balance over a longer period of time, and a welcome bonus of 5,000 Membership Rewards points is decent for a no-annual-fee card.
Featured image by Shutterstock
Know before you go.
News and deals straight to your inbox every day.
The Business Platinum Card from American Express offers 40,000 bonus Membership Rewards® points as well as a slew of other valuable benefits like lounge access, hotel elite status and a digital subscription to The Times and The Sunday Times for Primary and Platinum Supplementary Cardmembers.
- Earn 40,000 Membership Rewards points when you spend £6k in your first 3 months of Card Membership
- Up to 99 free Supplementary Cards - one complimentary Platinum Employee Cards and 98 Complimentary Gold Employee Cards
- Global Lounge Collection - Access to more than 1,200 airport lounges across 130 countries, including The Centurion® Lounges and membership of Priority Pass™
- Hotel Status at Hilton, Marriott Bonvoy™, Meliá Hotels International, Radisson Hotel Group, Shangri-La Hotels & Resorts – enjoy benefits such as complimentary upgrades, early check-in and late check-out, enhanced loyalty points, complimentary Wi-Fi and more
- The Times and The Sunday Times annual digital subscription (£312 value per Card) – available for Primary and all Supplementary Cardmembers
- Fine Hotels and Resorts – Enjoy a collection of over 1,000 hand-selected iconic 5-star properties worldwide. Receive complimentary benefits worth an average total value of £400 per stay.*
- £150 statement credit for every booking with onefinestay (unlimited use)
- Dedicated Account Management Team