Bonus Avios Part 1 – Amex Currency Exchange and Moneycorp

British Airways Executive Club has launched a raft of bonus Avios deals as the build up to the main holiday season approaches.  I will explore them over two posts today.

This is what is on offer for anyone looking for foreign currency:

Amex at Heathrow T5

American Express Currency Exchange

When you order foreign currency via the Amex Currency Exchange website  you will receive 500 bonus Avios when you exchange over £400.  This is in addition to the standard 1 Avios per £1.

Remember that Amex no longer has any foreign exchange booths at Heathrow so this will only work for home delivery.  The only airport offering collection is Birmingham International.

If you charge your purchase to an Amex-issued Amex card (BA, SPG, Nectar, Gold, Green, Platinum etc) it will be treated as a purchase.  This means that you will receive points for the credit card spend and it will count towards any Amex sign-up bonus.

(Please do NOT ring Amex to check that the above statement is correct!  They will tell you I am wrong.  I am not!)

Remember that Amex offers a poorer exchange rate via the Avios website above than it does at its main website here so make sure that the Avios are worth the extra cost.  These are NOT free Avios.

The ‘500 bonus Avios’ promotion runs until 11th July.

Moneycorp

Moneycorp

The Amex locations at Heathrow were taken over by Moneycorp.

They are running an identical promotion – 500 bonus Avios if you convert over £400 into foreign currency.  This is in addition to the standard rate of 1 Avios per £1 exchanged.  The closing date is 11th July.

There isn’t much about Moneycorp on ba.com – all they have to say is here and it does not mention this promotion.

You should NOT take advantage of this offer though.

Moneycorp only allows you to collect Avios on ‘walk up’ purchases, as Amex has retained the exclusive rights to offer Avios on pre-ordered currency.

You should never, ever buy currency at Heathrow as a walk-up purchase if you are spending your own money.  The rates are so poor it beggars belief.  The Travelex as you come through Terminal 5 passport control seems especially poor, with a ludicrously huge spread of around 20% IIRC.  I pity anyone who effectively pays Travelex £50 for changing £500 of $ or Euro into Sterling.

The only reason to take part in this promotion is if you are getting repaid by your employer – and even then, only do it if your employer reimburses you for foreign spending at the exchange rate you paid rather than the market rate.

I wrote about the Moneycorp / Avios deal in this post last year if you want to know more.

(Want to earn more Avios? Click here to see our latest articles on earning and spending your points and click here to see our list of current Avios promotions.)

No Tesco / Avios bonus, no Tesco / Virgin bonus ....
Bonus Avios Part 2 - Heathrow Rewards, valet parking, Holiday Extras, Gate 365
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Comments

  1. James W says:

    My available cash limit shows £1,650 but I can’t get £500 worth of currency from the site.
    Called Amex and they told me there was nothing they could do about it but I should just try with lower amounts until it lets me order it for delivery & they credited my account £10 to cover two lots of delivery charge.
    I took the £10 and went elsewhere. Nobs ~!

    Weird thing is I could order £500 worth a month ago (first time I’ve used the service). They must have blacklisted me or something.

  2. I took advantage of this offer, I can only see the avios for the transaction (well over £400, used my BA amex) but no bonus avios.

    Anyone else notice this?

    • The rules for the Amex promo say:

      “The 500 bonus Avios will be awarded in a separate transaction to the standard Avios points and will show in the members account within 40 calendar days of the standard Avios award.”

  3. John Tickner says:

    Is there a way of getting delivery to place of work rather than home address ?

    I can’t be there to sign for the postman.

    • Don’t think so, for obvious fraud reasons, unless you re-register your credit card at your work address (which may not be possible anyway).

  4. pazza2000 says:

    Just purchased £500 of currency via the Amex Currency Exchange Website, no mention anywhere of the 500 bonus Avios although I was able to provide my EC# so I assume all will be well?

    • If the promo is still running then I’m sure you will, but keep the confirmation email just in case – and possibly a screenshot of the promo page on the Amex site.

  5. Doug Soper says:

    Thank you for your help and advice. Bought some currency a week ago. Nothing showing yet. How long would you expect before base avios show in my BAEC account.