American Express devaluing credit card MGM program from 4 June

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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

 CurrentFrom 4 June 2020
Referrer15,000 points
(8,333 miles)
12,000 points
(6,667 miles)
RefereeSpend S$1K in 3 months, get 15,000 pointsSpend 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.

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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

 CurrentFrom 4 June 2020
Referrer5,000 miles3,000 miles
RefereeSpend S$1K in 3 months, get 5,000 milesSpend S$2K in 3 months, get 3,000 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.

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 3,000 bonus miles.

New MGM offer for KrisFlyer Ascend

 CurrentFrom 4 June 2020
Referrer7,500 miles7,500 miles
RefereeSpend S$1K in 3 months, get 7,500 milesSpend 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.

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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. 

Aaron Wong
Aaron founded The Milelion with the intention of helping people travel better for less and impressing chiobu. He was 50% successful.

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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

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