This is an American Express sponsored post
Cardmembers could earn up to £443 cashback on average annual household expenditure
Representative example: Representative 18.7% APR variable. Based on annual fee of £25 and assumed credit limit of £1200. Interest rate for purchases: 14.0% p.a. variable.
To kick start the year and give an extra boost to those who are refreshing their finances, American Express is offering new American Express Platinum Cashback Credit Cardmembers a welcome bonus of £25, which covers the first year annual fee.
The offer is available for those who apply by 16 March 2014 and is in addition to the 5 per cent introductory cashback rate received in the first three months (maximum £125 cashback) and the 1.25 per cent rate thereafter on every full pound spent.
American Express research, conducted by the Centre for Economics and Business Research reveals that on average households spend nearly £28,000 a year on everyday items such as food, travel, clothing and leisure. Putting this spend on an American Express Platinum Cashback Credit Card could earn Cardmembers £443 a year in cashback.* This increases to £468 when the current bonus offer is included.
Heather Laverne, Vice President of Consumer Cards UK at American Express, said: “Earning cashback on credit card spending is a great way to help your money work as hard as possible for you. With the extra £25 bonus on top of the standard cashback offered on the Platinum Cashback Credit Card means that there’s never been a better time to switch the cards in your wallet.”
Existing Cardmembers do not miss out either as they have the opportunity to earn £25 bonus cashback for up to five approved friends they refer within a 12 month period. Their friend will earn £25 bonus cashback as soon as they use their Card, as well as the £25 introductory bonus offer currently being offered.**
Key features and benefits of the American Express Platinum Cashback Credit Card:
5 per cent introductory rate for the first three months on up to £2,500 of spending (maximum £125 cashback at this rate)
A simple 1.25 per cent flat rate across spending thereafter, on every full £1 spent per purchase
2.5 per cent (double the on-going rate) on every full £1 spent per purchase made during the Card anniversary month if purchases over £10,000 have been made in the preceding 12 months
A £25 annual fee is payable at the beginning of each membership year
No upper limit on the amount of cashback that can be earned after the first three months
Cashback is paid annually in the Card anniversary month by credit to the account
Primary Cardmembers can apply for complimentary Supplementary Credit Cards for friends or family, meaning more cashback can be accrued even more quickly
For more information or to apply for one of the Cards visit: www.amex.co.uk/cashback
* Reseach undertaken in September 2013 and draws on official data and two surveys conducted by One Poll in May and August 2013 of almost 4,000 UK consumers.
** You may recommend as many friends as you wish but you will only receive referral bonus cashback for a maximum of 5 successful referrals in a calendar year. You will receive £25 bonus cashback at the same time as your annual rebate if your friend applies before midnight 16 March 2014 and is approved for the Platinum Cashback Credit Card.
Your friend must apply via the referral link you share with them to ensure you both receive your bonus cashback. If your friend has already applied for the Platinum Cashback Credit Card without using this referral, you and your friend will not be eligible for the bonus cashback. Applicants must be UK residents aged 18 years old or over. Approval is subject to status and Terms and Conditions apply. All introductory offers are not available if you currently hold or have held any other American Express Cashback Credit Cards in the past 6 months.
Terms and conditions apply – click here