British Airways is running a special promotion in conjunction with its two foreign exchange partners, American Express Currency Exchange and Moneycorp (Terminal 5 only).
From today until 6th January, you will receive 3 Avios per £1 exchanged. You must exchange a minimum of £400 to qualify.
P-l-e-a-s-e, though, do not take up this offer with Moneycorp. Due to the terms of BA’s agreement with Amex Currency Exchange, Moneycorp will only award Avios points for ‘walk-up’ purchases. The ‘walk-up’ rate at Moneycorp – and indeed Travelex – at Heathrow is absolutely shocking.
If you pre-order for collection at Moneycorp in Terminal 5, you will not receive any Avios points. You will, though, save a fortune, so I recommend you take that route.
American Express Currency Exchange (website here) will deliver to your home, and delivery is free if you spend over £500. You can also order for collection at Edinburgh and Birmingham airports. They are closing all of their Heathrow outlets – Terminal 5 has already gone and T1, 3 and 4 are following soon if they are not already closed.
Remember that pre-order and home delivery purchases at American Express Currency Exchange on an Amex-issued American Express card are treated as a purchase. This means that you will also earn SPG points / Avios / Membership Rewards points on the transaction, and spending counts towards any sign-up bonus.
(Whenever I write this, someone rings Amex to check that I am right. The Amex call centre tells the caller that I am wrong. I am not. Trust me.)
For clarity – ONLY Amex-issued Amex cards are treated as a ‘purchase’. If you use an MBNA Amex card (eg BMI, AA, United) or Lloyds Amex card, you will be charged the 3% cash advance fee and you will not earn any miles from your credit card. Be warned!
American Express Currency Exchange will also sell you Sterling Travellers Cheques for a 1.5% fee. Most banks will allow you to pay these into your account directly. It is not clear if these count for ‘triple Avios’ or not – in theory, £ travellers cheque purchases do not give Avios. The transaction does count as a purchase on your Amex-issued Amex credit or charge card, though.
How to earn Avios from UK credit cards (May 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.
Do you have a small business? Until 20th May 2021, you can receive a special sign-up bonus worth 29,900 Avios with the Capital On Tap Business Rewards Visa credit card. This offer is exclusive to Head for Points readers. Click here to learn more.
(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.)