Credit & Charge Card Reviews (20): TSB Avios American Express & MasterCard

This review was updated in September 2016 and all the information is correct as of that date

This is my review of the TSB Avios credit cards.

It is part of my series of articles looking at the major UK loyalty credit cards and discussing whether or not they are worth applying for.  These articles will be linked to the relevant sections of the ‘Credit Cards Update‘ page.  My other UK airline and hotel credit card reviews can be found here.

If you want to check your credit record before applying for a new card, click here to get your free Equifax credit report and score.  Your first 30 days are free then it’s £14.95 per month.  You can cancel at anytime.

As with all rewards cards, this is not a suitable product for you if you do not clear your balance in full every month.  You should focus on a credit card with a low interest rate such as the AA Low Rate Card. This has a very attractive representative APR of 6.4% variable on purchases and balance transfers.

Key link:  TSB Avios credit cards application form

Key facts:  No annual fee

The representative APR is 17.9% variable.

About the card

The TSB Avios credit cards – issued by TSB, the only travel loyalty card they offer – come as a double-pack of an American Express and a MasterCard.  This model may not continue into the future as Amex fees on co-brand cards to UK retailers are now capped at the same level as MasterCard / Visa at 0.3%.

There are two version of this card – this, free, version and the Premier version which carries a £50 fee.  I discuss the Premier version in a separate review.

Feedback from Head for Points readers is that you will not be accepted if you currently hold a different TSB credit card or if you have held any TSB credit card in the last six months.

What is the sign-up bonus?

There is no current sign-up bonus, and there has not been one since the card was taken over by TSB from Lloyds.

Any other benefits?

You receive 1,500 Avios points for every £1,000 of balance transfer you do.  Any transfer within 90 days of opening the card will be interest-free until six months after you opened the card.  There is the standard 3% fee for the balance transfer, however, so this is not a way to get some free Avios points.

TSB Avios credit cards review

Is there an annual fee?

No, there is no fee.

What do I earn per £1 spent on the card?

You earn 1 Avios per £1 spent on the Amex card and a pathetic 0.2 miles on the MasterCard.

Overseas transactions earn double Avios, which makes the TSB American Express card a better deal than either of the British Airways American Express cards for foreign currency spending.

Remember that the TSB cards have an FX fee of almost 3% for foreign currency transactions.  You may want to consider getting a separate card to use abroad which charges no foreign exchange fees.  I recommend the Lloyds Avios Rewards card which also earns Avios points – even on your 0% FX transactions!  It comes with a 4,500 Avios sign-up bonus if I refer you.  My review of the Lloyds Avios Rewards card is here.

What is an Avios worth?

Don’t get me started on that one ….!

Only kidding.  Here is a long post on what an Avios point is worth, based on how you travel.

How does this compare to a cashback credit card?

The best cashback card on the market which offers a) a MasterCard or Visa, b) no annual fee and c) unlimited cashback is the ASDA card, which pays 0.5% in ASDA vouchers.

The MasterCard is clearly a very poor deal in any scenario, and is best kept locked up in a drawer.  The American Express earnings rate of 1 Avios per £1 is OK and 2 Avios per £1 on foreign spending is very good.

How else can you earn Avios points from a credit card?

The obvious options are the British Airways American Express card, the British Airways Premium Plus American Express card and the two Lloyds Bank-issued cards.

Don’t forget these less-obvious options though:

The American Express Preferred Rewards Gold charge card offers 20,000 Membership Rewards points for signing up and is free for the first year.  These convert to 20,000 Avios points.

The American Express Platinum charge card offers 30,000 Membership Rewards points for signing up.  These convert to 30,000 Avios points.  It has a £450 fee, refunded pro-rata if you cancel.

The Starwood Preferred Guest American Express credit card offers 10,000 Starwood Preferred Guest points for signing up.  These convert to 10,000 Avios points.  It has a £75 fee, refunded pro-rata if you cancel.


With no official sign-up bonus, it is difficult to recommend the card on that basis!

At 1 Avios per £1 on the Amex, the on-going earnings rate is OK, especially for a free card.  2 Avios per £1 on foreign spend is impressive although you will be paying a 3% foreign exchange fee.  The MasterCard earnings rate is beaten by a large number of other Avios cards.

The application form for the TSB Avios credit cards can be found here.

Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history. By recommending credit cards on this site, I am – technically – acting as a credit broker.  Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.

Bits: 2400 Avios on £39 printer, airberlin (BA!) status match, Iberia sale, new Hilton Bournemouth pics
InterContinental New York Barclay now accepting reservations from 1st May
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    • But you need to buy an iphone for that. I have 2 of their current accounts so am getting £120 per year on the debit cards, plus 5% interest on £4000.

    • Not sure Rob will be best pleased you’ve linked to another website discussing about travel credit cards….

      • Fairly sure that’s David’s own site, he only blogs sporadically so not much of a threat & I think Raffles is very laid back about non-abusive links – ie abusive would be peppering HFP with unwanted stuff but this is once in a blue moon stuff & actually I was happy to find David’s site – it’s not as if mentioning FT is frowned-upon…

  1. And don’t forget that any Amex card can potentially be used to get lots of statement credits through the year.

    • I have just opened the statement for my BAPP account showing £70 of statement credits in one month (Shop Small, Post Office, Superdrug) so don’t forget to get supplementary cards for all Amex as they can be registered too.

  2. wally1976 says:

    I notice the referral page for this card says the offer expires on 31/12/15 – is it still valid?

  3. Catherine says:

    I have my current account with TSB so having an Avios reward card with them is very tempting, especially as I’ll be able to do all my online banking at the same time! However, is it just me who feels uncomfortable applying for credit cards straight from the Avios site? I like to just go to the bank’s actual website to find out any extra info I need before making such a decision/application. Is the link to Avios rather than TSB something to do with the HFP?

    Also, if you had to choose between the TSB and the Lloyds Avios card which do you think is the better option?