TopCashback offering £20 on the £24 Lloyds Avios Rewards credit card

UPDATE – SEPTEMBER 2025:  This is an old article, and the credit card information given is likely to be out of date.

To learn about current credit card bonuses, benefits, terms and interest rate information, take a look at our directory of the top UK travel credit card offers – please click HERE or use the ‘Credit Cards’ menu above.  Thank you.

Keep up to date with new UK credit card bonuses by signing up for our free daily or weekly newsletters.

During July I will be updating the ‘Preparing for Summer’ series of articles that I first ran last year.  These cover the best ways to earn Avios from car hire and hotels and how to save money paying bills abroad.

One of the easiest ways to save money whilst travelling is to use a credit card with no foreign exchange fees.  99% of UK credit and debit cards charge a fee of 2.75% to 2.99% when you use them outside the UK.

A small number of credit cards (including Post Office and Halifax Clarity) do not charge foreign exchange fees.  These two cards are also free.  However good your mileage credit card may be, it is unlikely that the points you will get for using it abroad will offset the 2.99% cash saving you will make with either of these cards.

The Lloyds Avios Rewards card also has no foreign exchange fees.  And you earn Avios points when you spend as well!  This gives you the best of both worlds – a 3% saving compared to using any other credit or debit card AND you earn a chunk of miles back.

The only fly in the ointment with the Lloyd Avios Rewards card was the £24 annual fee.  This meant that you would need to spend £2,000+ on the American Express card abroad before the value of the Avios earned outweighed the fee – otherwise you might as well get the Post Office card instead.

Until Sunday or Monday (the site is not totally clear), however, cashback site Topcashback is offering £20 back when you successfully apply for the Lloyds Avios Rewards card.  This means that the card is effectively free for the first year.

Unless you need to put spending onto another card to trigger a spending target (such as £10,000 on the British Airways Premium Plus American Express card to trigger the 2-4-1 voucher) then the Lloyds Avios card is worth a look purely for your Summer spend in foreign currency.

I wrote a fuller comparison of the Lloyds Avios Rewards card and its competitors in this article.

For reference, the representative APR of the Lloyds Avios Rewards card is 22.7% variable including the fee, based on a notional £1200 credit limit.

PS. If you are not a regular Head for Points visitor, why not sign up for our FREE weekly or daily newsletters? They are full of the latest Avios, airline, hotel and credit card points news and will help you travel better.

To join our 70,000 free subscribers, click the button below or visit this page of the site to find out more. Thank you.

Want to earn more points from credit cards? – September 2025 update

If you are looking to apply for a new credit card, here are our top recommendations based on the current sign-up bonuses.

In 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.

You qualify for the bonus on these cards even if you have a British Airways American Express card:

Barclaycard Avios Plus Mastercard

Get 25,000 Avios for signing up and an upgrade voucher at £10,000 Read our full review

Barclaycard Avios Mastercard

Get 5,000 Avios for signing up and an upgrade voucher at £20,000 Read our full review

You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.

SPECIAL OFFER: Until 14th October 2025, the sign-up bonus on The Platinum Card from American Express is increased to 80,000 Membership Rewards points. This would convert to 80,000 Avios! The spend target is changed to £10,000 within SIX months of approval. T&C apply. Click here to apply.

SPECIAL OFFER: Until 14th October 2025, the sign-up bonus on the American Express Preferred Rewards Gold Credit Card is doubled to 40,000 Membership Rewards points. This would convert to 40,000 Avios! The spend target is changed to £5,000 within SIX months of approval. T&C apply. Click here to apply.

The Platinum Card from American Express

80,000 bonus points and great travel benefits – for a large fee Read our full review

American Express Preferred Rewards Gold Credit Card

Your best beginner’s card – 40,000 points, FREE for a year & four airport lounge passes Read our full review

British Airways American Express Premium Plus Card

30,000 Avios and the famous annual Companion Voucher voucher Read our full review

Virgin Atlantic Reward+ Mastercard

36,000 bonus points and 1.5 points for every £1 you spend Read our full review

Earning miles and points from small business cards

If you are a sole trader or run a small company, you may also want to check out these offers:

SPECIAL OFFER: Until 14th October 2025, the sign-up bonus on The American Express Business Platinum Card is increased to 120,000 Membership Rewards points. This would convert to 120,000 Avios! The spend target is changed to £12,000 within three months of approval. T&C apply. Click here to apply.

SPECIAL OFFER: Until 14th October 2025, the sign-up bonus on The American Express Business Gold Card is TRIPLED to 60,000 Membership Rewards points. This would convert to 60,000 Avios! The spend target is changed to £6,000 within three months of approval. The card remains free for the first year. T&C apply. Click here to apply.

The American Express Business Platinum Card

120,000 points when you sign-up and an annual £200 Amex Travel credit Read our full review

The American Express Business Gold Card

60,000 points sign-up bonus and FREE for a year Read our full review

Capital on Tap Pro Visa

10,500 points (=10,500 Avios) plus good benefits Read our full review

Capital on Tap Visa

NO annual fee, NO FX fees and points worth 0.8 Avios per £1 Read our full review

British Airways American Express Accelerating Business Card

30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review