From now till 31 March 2021, American Express is doubling its usual Member-Get-Member (MGM) referral bonuses for both referrer and referee. Both will receive up to 15,000 miles upon the referee’s approval, on top of the usual sign-up bonuses.
AMEX’s new MGM offers
Here’s what the revised MGM offers look like for American Express credit cards:
|New AMEX MGM Offers
(Valid till 31 Mar 2021)
|AMEX Platinum Credit Card
||Spend S$2K in 3 months, get 24,000
|AMEX KrisFlyer Credit Card
||Spend S$2K in 3 months, get 8,000
|AMEX KrisFlyer Ascend
||Spend S$2K in 3 months, get 15,000
|*Annual fee must be paid|
|💳 Unfortunately, the MGM bonus for the AMEX Platinum Charge has not been doubled- this remains at 40,000 points with S$5,000 spend in the first 3 months.|
Remember: when you sign up via MGM, you’re still entitled to the regular sign-up bonus and gifts. This creates some lucrative opportunities.
For example, someone who applies for the AMEX KrisFlyer Ascend and spends S$5,000 in the first 3 months will receive:
- 6,000 base miles (S$5,000 @ 1.2 mpd)
- 15,000 miles from MGM
- B&O Beoplay E8 2.0 earbuds
- 10,000 miles sign-up bonus (if new to AMEX)
- 5,000 miles first-spend bonus (if new to AMEX Singapore Airlines cards)
That’s up to 36,000 miles plus a pair of B&O earbuds for just S$5,000 spend, an extremely decent haul (and even better than what you’d get with the 4 mpd cards).
Likewise, someone who signs up for the AMEX Platinum Credit Card and spends S$5,000 in the first 3 months will receive:
- 6,250 base MR points (S$5,000 @ 2 MR points per S$1.60, or 3,472 miles)
- 24,000 MR points from MGM (13,333 miles)
- S$150 Lazada vouchers
- Samsung 24″ FHD Monitor + j5create USB HD Webcam
With regards to the AMEX KrisFlyer Credit Card, do note that Milelion readers (who are new to American Express cards) can still access a superior offer: 10,000 miles with S$1,500 spent within 3 months, for applications approved by 31 March 2021.
|Milelion Offer||MGM Offer|
|Bonus||10,000 miles||8,000 miles|
That’s better than getting 8,000 miles with S$2,000 spend under the MGM.
The double MGM bonus makes this the perfect time to pull the trigger on a new AMEX card, and remember, you don’t need to be new-to-bank in order to get the MGM bonus (for example, if I have an AMEX KrisFlyer Credit Card, I’m still eligible for the MGM bonus on the AMEX KrisFlyer Ascend).
Remember to submit your applications and get approved by 31 March 2021 to be eligible.