American Express doubles cashback rate for Platinum card
American Express customers can now earn five per cent on purchases for the first three months of use
American Express doubles cashback rate for Platinum card”
American Express has announced that it will be double the introductory rate available on its Platinum Cashback Credit Card.
From today (1st February), cardholders will be able to earn five per cent cashback on purchases in the first three months of use up to a maximum spend of £2,000.
Following the conclusion of the deal, the card offers 1.25 per cent cashback on all purchases, with all cardholders also given the opportunity to receive a loyalty bonus of 2.5 per cent during their anniversary month every year.
Julie Hay, head of credit cards at American Express, claimed that one of the most attractive points of the credit card is its simplicity.
She said: "The average family spends approximately £14,300 a year on everyday goods and services that could be purchased using a credit card.
"Rather than splitting this spending across debit and credit cards, people should think about consolidating as much of their everyday spending as possible onto a cashback card to maximise the payback they can earn."
Posted by Jack Ramsey
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