Get a 25% bonus on Membership Rewards redemptions via Platinum Travel – a bad deal

If you have an American Express Platinum card, you probably got an email on Friday saying that you will get a 25% bonus when you redeem your Membership Reward points via Platinum Travel.  This would cover any prepaid flights or hotels.

This is not a great deal.

The standard redemption value when you use points to pay for Amex Travel bookings is 0.45p per point.  This is rubbish, when you assume that you can get 1 airline mile per point instead.

You’re actually better off redeeming for Nectar points and getting 0.5p per point off your Sainsburys shopping.

The extra 25% bonus takes you to 0.57p per point.  This is still poor, and I doubt any HfP reader would get value here.  Give it a miss.

Want to earn more points from credit cards? – December 2021 update

If you are looking to apply for a new credit or charge card, here are our November 2021 recommendations based on the current sign-up bonus. 

You can see our full directory of all UK cards which earn airline or hotel points here. Here are the top current deals:

British Airways American Express

5,000 Avios for signing up, no annual fee and an Economy 2-4-1 voucher for spending ….. Read our full review

British Airways American Express Premium Plus

25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review

American Express Preferred Rewards Gold

Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review

The Platinum Card from American Express

30,000 points and an unbeatable set of travel benefits – for a fee Read our full review

Earning miles and points from small business cards

If you are a sole trader or run a small company, you may also want to check out these offers.

American Express Business Gold

20,000 points sign-up bonus and free for a year Read our full review

American Express Business Platinum

40,000 points sign-up bonus and a long list of travel benefits Read our full review

British Airways Accelerating Business American Express

30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review

Capital On Tap Business Rewards Visa

The most generous Avios Visa or Mastercard for a limited company Read our full review

For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending:

Barclaycard Select Cashback Credit Card

1% cashback and no annual fee Read our full review