American Express UK: Which card is best?
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- Опубліковано 22 лип 2024
- With the rates cut on the popular Amex Platinum Cashback cards, I've taken a look at which is the best American Express credit card.
And what should be your new top pick depends on whether you're getting your first one (and nab a welcome bonus) or looking to change an existing card.
Including the Preferred Rewards Gold Amex, the Amex Nectar and the Amex Rewards cards.
Read more and get the referral link here becleverwithyourcash.com/the-...
W A T C H N E X T
Best Credit cards and news • Best credit cards (UK)...
Amex Platinum Cashback rates cut • The best credit cards ...
Amex Gold Preferred Rewards review • Amex Gold Rewards cred...
Best ways to earn and spend Nectar points • Nectar points: How to ...
#AmexUK #AmericanExpressUK #AmexCreditCardUK
00:00 Intro
00:57: Changes to the Platinum Cashback credit cards
01:40 Cashback vs points with Amex
05:53 Best American Express for new customers
08:57 Best American Express for existing customers
11:05 Best free American Express cards
15:02 Before you apply for an Amex credit card
MORE
S U B S C R I B E / @becleverwithyourcash
N E W S L E T T E R - becleverwithyourcash.com/news...
(You'll also get a free Quidco bonus for signing up)
T W I T T E R - / andyclevercash
I N S T A G R A M - / andyclevercash
F A C E B O O K C O M M U N I T Y - / 2661970707423383
B L O G - becleverwithyourcash.com
A B O U T A N D Y
Andy Webb is a money blogger and journalist. He runs the award-winning website Be Clever With Your Cash, hosts the Cash Chats podcast, presented Channel 5’s Shop Smart Save Money and writes every month for Reader's Digest. Andy also founded the community ukmoneybloggers.com.
DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.
So, will you be ditching the Platinum cashback cards or sticking with them?
I have one I used for my work expenses, thinking of changing it to a Tesco card? Claim about £500 a month in expenses. Hotels and use Tesco fuel etc
Lloyds cash back card 0.5%
American Express Vitality looks interesting, you also get £100.
I think when talking about the card u could put a picture up of the card would be a good touch nice video
This is beyond hepful, thanks for taking the time and research to explain this to newbies!
Glad it was helpful!
Thank you! Great video. Lots of valuable info
Fantastic video - thank you Andy 🌞
first, these are the videos we need!! keep it up :)
Thanks!
The basic british airways CC has the most value imo. I have made trips for no money around europe every year. The routes are not that limiting and also this is a beginner no fee card, you have to be okay with economy. Just pay for the black one if youre stuffy about that kind of stuff
Any way around the credit check for this card? I didn't have to do this for Barclays..
Hi Andy can you pay your billa with Amex apart from using Billhop.
but you can go to non bonus spend as long as it's something that you need. like if you went to Bed bath and beyond
doesn't have to be a grocery store like shoprite it can be a spa?
so how many cards do they have in your country?
do they still have 2 types of cards open credit cards which the full balance has to be paid off and revolving credit cards?
how many category's do they have?
do they have cards that allow you into a airport lounge for free?
do they have cards that give you x amount off for a travel credit?
do they have cards that charge foreign transaction fees?
are there any downgrade path say you have there Gold rewards and after the first you don't want to pay the fee are there any cards that are in the same family but earn less rewards but is free so say from the Gold to the Green? or a preferred to the basic?
Started the video with no clue on how everything works finished the video with a good idea on what I want to choose ! Amex should sponsor you
Glad I could help!
I actually choose not to take any sponsored content so I’ve got the independence to say both the good and bad about companies
Hey , what happen if I don’t use every month ?
How. is the gold card ?
Is amex accepted everywhere in the UK?
Was just looking at an Amex card, perfectly timed 😁
Great! Hope it helped
Stuck between the Nectar credit card or the Rewards credit card
NO need to upload ID ?
Thank you for the great explanation, how to waive The Platinum Card® annual fee?
You can't avoid the Platinum Fee - and it's a huge £575 a year!! The Platinum Cashback Everyday card is much cheaper at £25.
I have a AMEX cashback card. If my wife gets the gold card for the welcome bonus then refers a friend to me to get the platinum card will i get the welcome bonus? Also is there a way to combine our reward points on either Avios or Virgin frequent flyer?
Yep! You're a new customer (as long as you've not had an account in your name in the last 24 months).
Are different airline points worth it ? I have always ignored it
I'm not a fan. I think if you spend a huge amount on cards (eg you claim back work expenses) then you can earn a lot, which in turn could be worth it for upgrades when flying. But most people would be better off with cash or rewards that can be used on everyday spending in my opinion.
How Amex Gold is better than Rewards other than when buying aeroplane tickets via amex? (And outside of getting fancy hotels and room upgrades there)
I am trying to compare both and I have really hard time
Wonder if Gold is worth it for someone who is not traveling much
I already have platinum cashback (and vitality) so no welcome bonus for me
Hi Michael. My personal opinion on Avios etc is that they're only beneficial for people who spend huge amounts, often by claiming business expenses back.
For the rest of us, I prefer getting cashback or points that I can spend as I wish or on everyday items
@@BeCleverWithYourCash I was thinking about the "Reward Card" which is very similar to the Gold one but is free. I know it doesn't have airport language benefits and extra points for buying aeroplane tickets. The question is that all or am I missing some big benefit of gold ?
Crazy how much better Amex cards are in the US
US multipliers on points are out of this world compared to the UK
Hi! I just got my first credit card, its an American Express Rewards Credit Card. I got it to build my credit score but I'm not sure if it's a credit card or a charge card. Is this a good card for improving my credit score if used correctly (
This card is a credit card, you can tell because you have a credit limit and an interest rate, a charge card has no pre-set limit. 30% usage isn't too bad. Anything under 75% won't hurt, 25% is probably the sweet spot so you're not that far off. The main point is just never miss a payment, pay that damn thing off in full every month and in 6 months you will see your score noticably improve.
Was it easy for you to get this card? I have just arrived in England and have been working for 2 months and I also want to start building a credit history, but I am afraid that I will be denied a loan
I feel the simple cash back at 0.75% is my pick less points
Yes, it’s certainly easier and clearer what you’re earning and where to spend them.
Getting 10 pounds a month off from Deliveroo on the Gold card to 2023, that nearly pays back for the card itself.
Haha, though you do still need to be pay for those two Deliveroos a month…
Am I the only one who has a Gold card with silver letters and numbers? Would just like to confirm cause most that I see on the net is with black letterings and numbers
Hi Mate, Just a quick one - I noticed that it advises me to 'make one purchase of £1,200 at the start of the agreement'. Does this mean that I must spend at least £1,200 within the first month?
Which card is this? That seems an unusual condition…
@@BeCleverWithYourCash same thing I though and it’s the Preferred Rewards Credit Card
@@Vincent-wk3zl the only conditions should relate to the welcome offers
Perhaps you’re reading about the assumed credit limit? So that’s saying £1200 is the most you can spend on the card
@@BeCleverWithYourCash Yeah after reading it again that makes much more sense. Thank you for your help!
One that goes under the radar is the Vitality Amex which can be 3%. Cash back same as platinum but increases if you have particular vitality polices gives an extra 1% and another 1% for being active (gym workouts, daily steps etc.)
Obviously if you don’t already have vitality polices (or similar with other insurers) then the cost of taken out the insurance policy defeats the object of getting the higher cash back.
Hi Fox, yes, a good benefit if you already use those Vitality packages and hit those targets.
FYI, the cashback rates are changing on 4 August for this card too. It’ll be 0.5% on the first £10k, rather than the first £5k
I am content with my AMEX Everyday cashback card. Not happy about the recent changes , but comparitively speaking it's probably the best on the market right now for the average person.
Their service is great. I donlt think any of my other cards come anywhere near them in that regard.
I have cashback cards with Lloyds*, Barclays and HSBC.
*Lloyds recently gave me a promotional offer for 0.5% cashback until October 2021. Maybe others will start to get more competitive too?
Yes, though if you are happy with Nectar points then the other Amex options are well worth a look. There’s no reason not to have both - though watch out for that £3,000 min spend to earn cashback on the Everyday
Too bad I didn’t see this before applying for Amex. Now Andy, Amex have approved me for £1300 ( this is my first every credit card, I’m 23). I’m not going to spend this much every month, what happens if I don’t use the full limit every month ?
Hi, there's no need to worry! The credit limit is just the most you can spend on the card. It's not a target. So spend what you need to spend and pay off as much as you can each month - ideally the full amount.
In fact, spending less will be beneficial to your credit report. The ideal amount is around 30% of your credit limit, so £433 - though it varies by credit card provider when they actually report the amount spent to the credit reference agencies, so I wouldn't worry too much about this.
@@BeCleverWithYourCash thanks Andy
Need to get my left a second one as I find a lot of places don’t accept amex
@@1cb877 hi
which type of card did you get ?
@@1cb877 any recommendations?
I have the Amex nectar card. I have £400 in points and treated myself to some new airpods from Argos 👍🏼.
Nice 👍
If I get the nectar cards must I always buy things from sainsbury to get the points? Or I can spend the cards in different places and get the points?
@@Anomnimechy You get 2 points per pound everywhere you spend your card. I never shop at Sainsbury's. Have you applied for the card? I can send you a link so we can both get points.
@@bluekhan5591 cool, send the link
@@Anomnimechy I have tried to post the link but gets deleted for some reason 🤷🏽♂️😩
I had an amex card for four years had to give it up as most places didn't take amex. Important services like vets and dentists don't and neither did smaller venues that offer atmosphere and something different than been treated like a customer. The big multinational companies do but they treat you like money cattle. Things may have changed in the last year but I doubt it.
What did you switch to?
now I believe more and more small shops start to adopt square and other card machines that do accept amex cards. Some of my local shops are now using this new card machine and I can get cash back every time
@@whytewavestudios3039 something rubbish rewards wise compared to amex but at least I could use the new card
One thing strange I found in all UK credit and debit cards is that, the name on the card usually is just your initial, and surname. They don't print your full name on the cards. Do you encounter any problem when spending overseas where they check your ID before letting you use the cards?
I'm assuming that these are countries where you need to sign for your purchase? It's not so much a problem in the UK and Europe as they use chip and pin, entering the pin code is how you authorise the card. Plus with apple /android pay being more and more popular you very rarely get the plastic card out these days
@@samc12345 Not much a problem in the UK, but when travelling overseas like in the US, usually they ask for your ID for verification. That was ten years ago, and Apple pay was not a thing yet. It might be different now.
Can I apply for the Gold and Platinum on the same day and get both new customer offers?
Na, I think they might have worked that one out
Sadly not! The welcome bonus is just once per person. If you have a partner you could both apply for a card and get the bonus twice - though I'd space it out so you can focus your spend on reaching one threshold before doing the same on the second card.
What appropriate credit score do you need for this American Express credit card? Experian out of 999?
It's impossible to say! Even with 999 there's a chance you could get rejected as the score is just an indicator of how good your credit report is, and that's not the only thing credit card companies will look at.
To find out your chances you can do an 'eligibility' check direct with Amex, or via a comparison site. This will tell you your chances of getting accepted. It could be 100% pre approved, or perhaps it might be 8 out of 10, or 4 out of 10 etc. This check won't show on your credit score so there's no risk to your credit report.
This video is a little old but it takes you through the steps ua-cam.com/video/m0NxLGpvBww/v-deo.html&t
@@BeCleverWithYourCash thanks I’ve literally paid all my debt back in early 2021 got 2 new credit card out in April last year and 2nd credit builder card in November with low interest rate but I’ve been paying in full anyway keeping it under 20% utilisation. I have my eyes on reward cards I’ve checked eligibility for American Express Unfortunately I’m not eligible yet.
Some graphics would have helped in your explanation.
Here’s the review over on the blog becleverwithyourcash.com/the-best-american-express-cards/
The everyday platinum fee free card, I couldn’t find where it says £3000 spend is needed monthly
You can spend any amount
Know your stuff but could structure these videos better / get to the point quicker
i got the American express basic card works great i will upgrade later but I'm pissed of that there are 3% forign fees
Yeah, I’d look at maybe a Starling current account or Barclaycard Rewards credit card for overseas spending
UK have the worse Credit cards and cash back features USA and Australia have better frequent flyer points system
My US friend is always telling how great the offer she gets are!!
@@BeCleverWithYourCash US is another level guys
It's there a way to spend 3k and get it back, I mean spend it and than don't spend it lol
I see what you mean! Well not really.
I guess a work around could look at if you are short of the £3k spend on three months would be to buy gift cards for places like supermarkets, so it’s money you will spend anyway.
But there is a risk with these that you forget about them, lose them, let them expire or even that the retailer goes bust before you use them. So I wouldn’t do too much of this!
Yes - it's called Manufacture Spending (MS). Check some videos on YT - in the US is very popular :)
Can you please talk about the basic card!
Zero fees all around no spending limit just pay in full every month!
You can use as a cash transaction no fees
You can put £200k literally into an easy access saving account keep the interest
And pay off the credit card no interest no fees.
Literally I’ve been making £1000 a month from this strategy!
Please do a video on this.
It’s my favourite card.
It makes me money.
No annual fee either!
what is it called?
Yardtools
Amex UK is pathetic compared to amex usa