American Express launches bonus points bonanza for EXISTING customers

American Express has launched a bonus points bonanza for existing customers who sign up for its American Express preferred Gold rewards card.

A select few existing Gold card members have been offered an exclusive deal of 25,000 bonus points if they rejoin as a Gold card member.

Some of the existing members who have been offered the deal include those who have previously held a Gold card and now hold a different American Express credit card.

Amex does not usually offer its boosted points deal to existing members, with new card members usually able to scoop up the most points. This is one of a handful of offers it has run in the past.

In an email to certain existing American Express customers, it said: 'Welcome offers are not normally available to existing Cardmembers.'

The credit card giant said it had 'specially selected' some existing American Express members to receive the exclusive deal of 25,000 bonus points.

They must apply through the link in the email they received, and spend £3,000 on the card with three months.

The offer can only be claimed until 15 July.

Existing American Express members usually only receive boosted points if they refer someone.

New Gold card members who have not had a Gold card before can earn up to 35,000 points on joining, depending on how they join, as American Express has relaunched its 'invite a friend' offer.

If a new customer takes out a Gold card through a referral link, they can get 35,000 bonus points if they spend £3,000 within the first three months of having the card.

The existing Amex customer who referred the friend will get an extra 18,000 once the person they referred has been approved for a card.

This offer also runs until 15 July.

New customers signing up for a Gold card through the website can get a boosted points offer of 20,000 if they spend £3,000 within the first three months of being a gold card member.

You will receive the 20,000 bonus points if you have not held a personal American Express card in the previous 24 months.

The annual fee for an Amex Gold card is a hefty £195, but this is waived in the first year of having the card.

This means you are getting the benefits that come with the card for free for a year.

You can cancel before the £195 annual fee kicks in and there is no obligation to keep the card beyond the first year.

Gold card members receive four airport lounge passes each year,

They also get £120 in Deliveroo credits a year, and enhanced points-earning opportunities including 2x points for every £1 spent directly with airlines or in a foreign currency.

Membership Rewards points can also be converted one-for-one into Avios meaning you can get 20,000 Avois points with the bonus deal.

Those who fail to pay their balance off each month will be hit with a 31 per cent purchase rate. The representative APR is 88.3 per cent, including the annual fee.

It makes it crucial to pay off as you go along, or you wipe out any potential benefits - and could end up with a hefty interest bill.

Burgess said: 'This package is an exceptionally generous deal for a card which is free for the first year.'