AMEX Credit Cards

American Express devaluing credit card MGM program from 4 June

If you've been meaning to refer a friend (or get referred) for an AMEX card, do so before 4 June 2020.

If you’ve been referring friends or family for American Express cards through the Member Get Member (MGM) program, you may be interested to know that some changes are coming from 4 June 2020. This marks the second set of changes in less than 12 months, the previous one having taken place in October 2019.

AMEX MGM devaluation

To summarize, the spending requirements for referees are doubling, with the miles on offer staying the same (for the KrisFlyer cobrand cards) or decreasing (for the AMEX Platinum Credit Card).

So if you want to refer a friend or get referred (any of the links in this post will bring you to the MGM offer), be sure to do so before 4 June 2020. 

New MGM offer for AMX Platinum Credit Card

  Current From 4 June 2020
Referrer 15,000 points
(8,333 miles)
12,000 points
(6,667 miles)
Referee Spend S$1K in 3 months, get 15,000 points Spend S$2K in 3 months, get 12,000 points

From 4 June 2020, those who refer a friend to the AMEX Platinum Credit Card will receive 12,000 points (down from 15,000) when their referee is approved and pays the S$321 annual fee.

Advertising

Receive 15,000 bonus points with the AMEX Platinum Credit Card

The referee will have to spend S$2,000 in the first 3 months to get 12,000 bonus points- double the spending requirement, and 20% fewer points.

New MGM offer for KrisFlyer Credit Card

  Current From 4 June 2020
Referrer 5,000 miles 3,000 miles
Referee Spend S$1K in 3 months, get 7,500 miles Spend S$2K in 3 months, get 7,500 miles

From 4 June 2020, those who refer a friend to the AMEX KrisFlyer Credit Card will receive 3,000 miles (down from 5,000) when their referee is approved.

Advertising

Receive 5,000 bonus miles with the AMEX KrisFlyer Credit Card

The referee will have to spend S$2,000 in the first 3 months to get 7,500 bonus miles- the same number of miles as before, but with double the spending requirement.

New MGM offer for KrisFlyer Ascend

  Current From 4 June 2020
Referrer 7,500 miles 7,500 miles
Referee Spend S$1K in 3 months, get 7,500 miles Spend S$2K in 3 months, get 7,500 miles

There’s no change to the bonus for those who refer friends to the AMEX KrisFlyer Ascend card- they’ll continue to earn 7,500 bonus miles when their referee is approved and pays the S$337.05 annual fee.

Advertising

Receive 7,500 bonus miles with the AMEX KrisFlyer Ascend

However, the referee will now have to spend S$2,000 in the first 3 months to unlock 7,500 bonus miles, twice the previous figure.

Conclusion

As a reminder, all MGM bonuses stack with whatever existing sign-up bonuses there are, and spending for the MGM bonus double counts towards the sign-up bonus spending. 

It’s disappointing that the MGM scheme is getting less generous (MGM is generally a cheaper route of acquisition for AMEX, and you’d think they’d be doubling down in a time like this), but there’s still time to take advantage of the existing offers. Be sure to refer your friends before 4 June 2020. 

Subscribe
Notify of
guest
2 Comments
Inline Feedbacks
View all comments
dk

Is it just me or there is a flood of depressing news lately? 🙁

Alian

Ya man covid is contagious. Jump from bats to animals to humans to credit cards. Quick we need a vaccine

Do NOT follow this link or you will be banned from the site!
%d bloggers like this: