Amex Cuts Annual Spend Bonuses on Preferred Rewards Gold Card
American Express has reduced the annual spend bonus on the Preferred Rewards Gold credit card, effective today. The change could result in a maximum loss of 2,500 points per year for cardholders.
As of 15 October 2025, holders of the American Express Preferred Rewards Gold Credit Card will see their annual spend bonuses reduced. Although this change was previously announced on statements and via direct notification, it may still impact some users.
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The American Express Preferred Rewards Gold Credit Card comes with an annual fee of £195 per year after the first year. According to Rob Burgess, this change is expected to have a limited impact, but Amex believes the savings will be worthwhile.
Author's summary: Amex cuts annual spend bonuses on Preferred Rewards Gold card, effective today.