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:
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.
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.
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.