I knew it was coming, but I thought we may get more notice than this. It seems not.
If you still have an MBNA bmi Diamond Club credit card, you will no longer be able to earn Avios after 30th September 2016.
This is, to put it mildly, a bit of a disappointment. This is especially true if – like me – you have the MasterCard which earns 2.5 Avios per £1! It was obviously not sustainable in the current ‘0.3% interchange fee’ environment even with a £60 annual fee.
It is not clear what happens to those of us who pay a fee for the card. I would expect MBNA to offer a full or partial refund or some other form of compensation.
The credit card itself will continue to be accepted after 30th September but you will no longer earn any rewards.
Diamond Club will close completely on 30th November 2016. Any Diamond Club points not transferred to British Airways Executive Club by that time will be forfeited.
The 10% discount on British Airways flights for Diamond Club credit card holders will also end on 30th November.
Full details can be found on diamondclub.org.
This will, finally, be the end of the old bmi British Midland and Diamond Club. Those of us who have been in this game a long time will be sad to see it go, especially as Diamond Club was a fantastic way to access Star Alliance redemptions at disproportionately cheap redemption rates.
I’m going to need a new MasterCard credit card. I will do a round-up of the best alternatives in the next day or so.
(Want to earn more miles and points from credit cards? Click here to visit our dedicated airline and hotel travel credit cards page or use the ‘Credit Cards Update’ link in the menu bar at the top of the page.)