Well, the results of my experiment are in. This is what turned up on my Membership Rewards statement:
22/10/2012 AMEX TRAVEL MONEY Charge: £166.92 Base points: 166 Bonus points: 0 Total points: 166
And on my Amex card statement it just shows:
22 Oct 2012 AMEX TRAVEL MONEY Finance £166.92
…. with no sign of any Cash Advance fee.
So, it does seem that American Express Currency Exchange IS, at least when you order online, treating transactions on Amex-issued American Express cards as purchases and not as cash advances!
This means you can now triple dip when you pre-order currency from Amex at Heathrow:
- BAA WorldPoints (1 per £10)
- Avios (1 per £1 ordered)
- Membership Rewards points or whatever else your Amex-issued Amex offers
You MUST, MUST, MUST pre-order your currency, though. The exchange rate given for ‘on the spot’ purchases is SHOCKING. It is also possible that over-the-counter transactions may be processed differently by Amex.
How to earn Avios from UK credit cards (January 2021)
As a reminder, there are various ways of earning Avios from UK credit cards. Many cards also have generous sign-up bonuses!
There are two official British Airways American Express cards:
You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points, such as:
Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.
If you have a small business, we especially recommend Capital On Cap’s Visa card which comes with a generous bonus worth 10,500 Avios:
(Want to earn more Avios? Click here to visit our home page for our latest articles on earning and spending your Avios points and click here to see how to earn more Avios this month from offers and promotions.)