Great deal: Get up to $400 worth of Amex points for spending $1,000 with Air France-KLM – The Points Guy

Editor’s note: This is a recurring post, regularly updated with new information and offers.

American Express and Air France-KLM are partnering to offer targeted cardholders a great Amex Offer. There are two versions of the offer: if you’re targeted, you can get a $200 statement credit or 20,000 Membership Rewards points for spending $1,000 or more with Air France or KLM.

If you have one of these offers, you must add it to your card and spend a minimum of $1,000 in one or more eligible transactions directly with the respective carrier. According to the terms and conditions, you must make the purchase through the US version of the airline website and your flight must originate in the US.

If you have the 20,000 Membership Reward offer, it’s worth a higher $400, according to TPG valuations.

With either offer, you’ll also earn bonus points per dollar spent on the airfare — 5 points per dollar if you book directly with airlines or through American Express Travel, on up to $500,000 on these purchases per calendar year with The Platinum Card® from American Express.

Keep in mind that this offer expires on July 30.

If you prefer to use your points on an Air France or KLM flight, you can fly to Europe for as few as 11,250 miles one-way.

Additional reporting by Emily Thompson.