Earn up to £50 credits when you shop with Amex

Earn up to £50 statement credits when you shop with Amex

American Express has got a fresh line-up of statement credit offers for its cardholders.

Users can enjoy statement credits of up to £50 when they use their card to shop at certain retailers until August.

Here's a roundup of the latest deals:

- House of Fraser - spend £50 or more, receive a £10 credit (until 9th August)

- Argos - spend £70 or more, receive a £10 credit (until 9th August)

- World Duty Free - spend £70 or more, receive a £10 credit (until 9th August)

- Achica.com - spend £85 or more, receive a £25 credit (until 9th August)

- D&D London restaurants - spend £100 or more, receive a £20 credit (until 31st August)

- The Landmark Hotel Group - spend £200 or more, receive a £50 credit (until 31st August)

How it works

Amex Offers are available to anyone that holds an American Express credit or charge card.

To take advantage you just need to log into your American Express online account or mobile app, select an offer and click 'Save to Card'.

Then when you make an eligible purchase in store or online, the statement credit will be added to your account.

It probably goes without saying, but you'll need to make the payment in full on your American Express card in order to qualify for the statement credit.

Each offer is valid once per card.

American Express credit cards

If you don't have an American Express credit card, you're missing out.

That's because on top of things like statement credits, priority tickets to the big events and other member benefits, they also offer rewards for your everyday spending.

Here are some of the top cards to consider, if you're thinking of making the move.

Amex cashback cards

American Express has two cashback credit cards, which pay you money each time you spend.

The fee-free American Express Platinum Cashback Everyday Card pays 5% cashback in the first three months (capped at £100) and up to 1.25% thereafter depending on how much you spend.

Alternatively there's the American Express Platinum Cashback Card. This also pays 5% in the first three months but is capped at £125 and you can get a flat rate of 1.25% thereafter, or double that in your anniversary month. However, the card attracts a £25 annual fee.

Check out the best cashback credit cards for more.

Amex reward cards

If you shop at Sainsbury's, then the American Express Nectar Credit Card is worth a look.

You earn four Nectar points for every £1 spent at Nectar partners or two for every £1 spent elsewhere. If you manage to spend £2,000 within your first three months you'll get 20,000 bonus Nectar points, which is worth £100 in rewards to spend with Nectar partners. The card attracts a £25 annual fee, but this is waived in the first year.

There's also the American Express Preferred Rewards Gold Card with which you can earn Membership Reward points. You'll earn one point for every £1 you spend. When you spend £2,000 in the first three months, you'll get 20,000 bonus points, which is worth £100 at a range of partners. However, as this is a charge card not a credit card you will have to be able to pay off your balance in full each month.

Amex Avios cards

If airmiles are more your thing, American Express offers two standalone cards which allow you to earn Avios.

First off there's the fee-free British Airways American Express Credit Card, which allows you to earn one Avios for every £1 you spend. You'll get 9,000 bonus Avios (enough for a return flight to Paris or Prague) if you spend £1,000 in your first three months and take out the card before 17th June. Plus each year you manage to spend £20,000 you will get a free companion voucher.

Alternatively there's the British Airways American Express Premium Plus Credit Card. It allows you to earn 1.5 Avios for every £1 you spend, which doubles when you spend direct with British Airways or BA Holidays. You'll get a massive £25,000 bonus Avios if you get the card before 17th June and spend £3,000 in the first three months. Plus you'll qualify for a free companion voucher when you spend £10,000 in a year. However, the card attracts a £150 annual fee.

10 things your bank doesn't want you to know
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Earn up to £50 credits when you shop with Amex
Once you have opened a current account with a bank or other lender, you will get a steady flow of emails, letters (and maybe phone calls) offering you a savings account, loan, mortgage, ISA etc to go with it. But while it may be tempting to have everything in one place, it's better to do the legwork and shop around for the best financial products. You can compare interest rates on loans and savings accounts in the 'best buy' tables in the newspapers, or look online on comparison sites. Remember you can still easily transfer your money between accounts, even if they are not with the same financial institution. 
Whether you want to apply for a new mortgage or refinance an existing one, your bank will probably be very happy to give you an instant quote in the hope that you will go with them. They may not tell you that you can shop around at other lenders. A mortgage broker can give you an overview of the best interest rates on offer, and might be able to cut you an even better deal him/herself. 

Want to cash in your jars of change that are sitting on your shelves at home? Many banks are not very keen on coins. They often only take it from their own customers. You will have to sort it into different denominations and put the coins in the bank's bags in set amounts (for example, £1 for coppers, £5 for silver, etc). Some banks only take a limited number of bags a day, or won't take any at busy times. Others take a different view: HSBC has free coin deposit machines in many larger branches where you pour your jar of coins into the machine and it counts them and automatically credits your account. Barclays, NatWest and RBS also have machines in large branches in city centres.

Bank employees now have a duty to point out that they only advise on the bank's products and don't offer independent financial advice. What they won't tell you is that even the advice they give you about the bank's own products should be treated cautiously. Bank staff are often undertrained, underpaid and overworked. (You could ask for the employee's qualifications before getting advice.) So do your own research and/or find an independent financial adviser.

Nothing is set in stone. Your bank won't tell you this, but sometimes it will waive a fee, for example an overdraft or an ATM fee, depending on the circumstances. You have nothing to lose by asking, if you can argue persuasively why they should waive the fee. Citizens Advice says your bank should treat you sympathetically if you can show financial hardship.

As stated in the previous slide, some things are negotiable – such as interest rates or waiving fees – if you can make a good case for it. In that instance, talking to an employee in person is better than filling in a form online.

If your account is overdrawn and you get paid, your bank could use this money to pay off your overdraft without your permission. However, you have a right to ask them not to do this so you can pay your rent or mortgage first. This is called first right of appropriation. You have to ask your bank in writing, and you'll need to write to them with new instructions every time money gets paid into your account. Make sure you write 'first right of appropriation' in your letter.

If money is mistakenly credited to your account, your bank or building society can recover the money, assuming they do this within a reasonable time. But you may be allowed to keep the money, for example if you didn't realise the bank had made a mistake and spent the money in good faith. You would have to prove that you spent it in such a way that it would be unfair to ask you to pay it back. You can complain to the Financial Ombudsman if you think your lender is being unfair in asking you to repay the money.

If you do have to pay it back, you could try to reach an agreement with your bank to pay it back in instalments without interest being added.

The Financial Ombudsman Service has more advice on what happens when payments have been credited to the wrong account. If you did something wrong - for example, by entering the wrong account number - rather than the bank, the Financial Ombudsman may still uphold your complaint. They consider whether the financial institution made it clear to the consumer that only the bank sort code and account number are used to process the payment, rather than the name of the payee. They will also ask whether the lender should have realised that the consumer had made mistake, and once the problem came to light, did the firm take reasonable steps to try to get the money back from the recipient.

If too much is deducted from your account, your lender may have to refund the full amount of the payment. For example, if the money is taken through a direct debit or credit card payment for a hotel room or car rental. When deciding whether the debit was reasonable, the bank or building society will take into account your previous spending pattern. But the bank doesn't have to refund the payment if you agreed the amount beforehand or were informed of the payment by your lender at least four weeks before.

If you don't have enough money in your account to cover a direct debit payment, your bank may not make the payment. It doesn't have to tell you that the payment hasn't been made, so the onus is on you to keep checking your account. If, on the other hand, the payment goes through, you may be charged for an unauthorised overdraft.


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