Getting an American Express card – Worth it?

amex card
Thinking of getting an American Express Credit Card? An Amex (American Express) credit card is a card that you spend money on like a normal debit card but the difference is that you earn points with an American Express card when you use it. You can then use these points on Airline, Hotel and many other Partners to get discounts or even pay for the total cost. Whereas a normal debit card you spend but get nothing more in return other than the item you buy or service you pay for.

Which Amex Card is right for you? 

This depends on your needs. Amex  offer a wide range of personal cards as well as business, corporate and gift cards. We will be focusing on personal cards, and there are many to choose from each offering different benefits and some cards come at a cost.

There is the Amex Basic card – This is a free card with very limited benefits.

No pre-set spending limit
No interest charges
Just pay off your balance in full each month
No annual fee
Benefits:- 
  • Customer service 24/7
  • Make your next night out a memorable one with American Express Invites (get tickets before they go on sale and invites to exclusive events), enjoy access to some of the most in-demand music, film and theatre events in town.
The American Express Card – £60 annual fee
No pre-set spending limit
No interest charges
Just pay off your balance in full each month
Benefits:
Get points when you spend. For every £1 spent you get 1 point.
We’re there if you need us with travel inconvenience and baggage Insurance , so you’re taken care of if your flight is delayed or the airline loses your bags. And travel accident insurance covers up to £75,000, with emergency help 24/7 anywhere in the world if you need it.
  • When the manufacturer’s warranty expires on your favourite new purchase, we’ll give you a year’s Extended Warranty up to £1,500 per item
  • Enjoy Refund Protection on eligible items. If the UK retailer won’t refund or replace the eligible item, we will, up to a maximum of £200
  • You also get Purchase Protection.If you bought it on your Card and it’s stolen or damaged within 90 days, we’ll replace or repair it, or refund you up to £2,500 per eligible item
  • Don’t recognise a purchase? We’ll remove it from your Account immediately and investigate it for you as part of our online fraud guarantee
  • Make your next night out a memorable one with American Express Invites, enjoy access to some of the most in-demand music, film and theatre events in town.

Platinum Cashback Everyday Credit Card – free card

22.9% APR variable
Assumed credit limit of £1,200
22.9% variable for purchases
Get 5% cashback on your purchases (up to £100) for the first three months of Card membership
Earn cashback on purchases with a Card that has no annual fee.
Enjoy the freedom of paying off your balance in full or over several months. Terms apply.
Enjoy carefully selected offers from our range of retail and travel partners.
After the first three months of Cardmembership you’ll earn up to 1% cashback, depending on how you spend.
You get travel benefits with this card like Insurance up to £150,000 on public transport when you buy your ticket with your Card. You get world class services as stated on previous cards.
There is another version of this card with a £25 pound annual fee that offers 5% cash back on purchases of £125 for the first 3 months and you’ll earn up to 1.25% cashback after your 3 months are up.
The cards we are going to mention below are the very common cards that people go for as they offer the best benefits and these cards come at a cost.
The American Express® Preferred Rewards Gold Credit Card – £0 in first year then £140 annually.
This is the card to go for if your new to Amex as it costs nothing in your first year but offers you a lot of bang for your buck. You get one point for every £1 spent. You can spend rewards on hotels, flights, shopping and more. So spend on this card get points and use them for travel and pay in full with points or use points to get a discount.
New Cardmembers get 10,000 Membership Rewards® points when you spend £3,000 in your first three months. That’s enough for many things including a return flight from London to over 50 destinations or a £50 Amazon.co.uk Gift Card.
57.6% APR variable
£140 (£0 in your first year)
Assumed credit limit of £1,200
22.9% variable for purchases
Benefits:
Earn 10,000 bonus Membership Rewards points when you spend £3,000 in your first three months of Cardmembership.
Get points for every pound you spend, extra points on selected purchases and redeem with a range of shopping, travel and lifestyle partners.
Be rewarded with two complimentary lounge visits per year to use at over 700 airport lounges globally.
Enjoy access to valuable travel benefits including hotel room and car rental upgrades.
No points expiry date
The Platinum card® from American express – £450 annually

This is the card we would have, as this offers more than the other cards and it would suite travelling needs. If you travel a lot and with this card you can get access to lounges (no limits), access to hotel discounts and benefits with Amex Fine Hotels & Resorts that offer:

  • Room upgrade upon arrival, when available

  • Daily breakfast for two people

  • Guaranteed 4pm late check-out

  • Noon check-in, when available

  • Complimentary Wi-Fi

  • Unique property amenity, such as a spa or food and beverage credit – min $100.

so it makes it worth your while.

New Cardmembers earn 30,000 Membership Rewards points when you spend £2,000 in your first three months of Card membership.
No pre-set spending limit
No interest charges
Just pay off your balance in full each month
Annual fee
£450
Complimentary access to over 1,000 airport lounges across more than 120 countries worldwide.
Enjoy comprehensive worldwide protection for you, your family and your Supplementary Cardmembers.
Access extra value and exclusive benefits all around the world including complimentary room upgrades upon arrival (when available) and a late check-out.
Get points for every pound you spend and redeem with a range of shopping, travel and lifestyle partners.
Enjoy comprehensive worldwide travel insurance for you, your partner, your dependent children and your Supplementary Cardmembers for trips of up to 90 days and gap year cover for children under 25. Terms apply.
Enjoy access to the higher tiers of our travel partners’ loyalty programmes including Avis Preferred and Hertz Gold Plus Rewards® with benefits including a discount of up to 15%.
Plus a whole load of benefits more.
If you spend a good amount of money every month then you can assess whether or not this card will save you more money than you spend on the card fee, if so it may be worth it. See how much you travel and if you can discounts on your favourite hotel room or ever the flights with the points. Plan your spend roughly throughout the year and see if the savings from any of these cards far outweigh the cost of the card.
There are other cards like British Airways Avios card that allows you to get Avios points on every purchase along with a sign up bonus and many other cards for different loyalty schemes.
[image and info from americanexpress]

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