The American Express Preferred Rewards Gold is in my book the best value miles and points credit card out there, by some way. I set out below a full summary, but in short: It's free for the first year, then you can cancel it. You will earn 22,000 bonus points for signing up and meeting the reasonable initial spend target. You get two free airport lounge entrances each year Bonus points available: 22,000 Membership Rewards points when you spend £2000 in the first three months- an excellent American Express UK sign up bonus, given the card is free. What that can get you: Among many other things, 22,000 Avios – so a return flight from London to Moscow, for example (20,000 Avios). In total, you can transfer your points to 15 major frequent flyer and hotel programmes. Ongoing points earning rate: 1 point per £1 spent. Double points on supermarket and petrol spend for your first year. Double points on all travel and foreign spend for life. 7,500 bonus Membership Rewards points each year your card fee is paid if you have spent £15,000 in the previous year. Key additional perks: two free airport lounge passes each year. Fee: No fee for the first year (£125 a year thereafter) How do I get the bonus points?: Apply via this link, or alternatively private message me, and I will send you a referral link. The bonus if you are not referred is lower, at 20,000 points.