You will receive 12,000 Avios for taking out a £155 subscription to the magazine for one year. Whilst this is not a bad deal on its own, it is an even better deal if you take up The Economist on the clause in their terms and conditions which allows you to cancel at any point for a pro-rata refund.
I first got wind of trouble last Monday when a reader told me that he was having difficulty getting the call centre to cancel his subscription. Since the terms and conditions of the offer are very clear, I told the reader to keep pushing back as The Economist has NO CHOICE but to refund him.
I added a warning note to my original article at that time.
On Tuesday, another reader told me that he had successfully cancelled via email with no problems. I thought the first reader had just hit a grumpy agent.
Yesterday, however, this clause started appearing on subscription confirmations:
The terms and conditions were changed on January 16th. If you ordered before that date, you will receive your refund. If there is any push back from the magazine, push back yourself. You are due your money.
If you applied on or after January 16th, you are now bound by these rules:
Unless specifically stated in any Subscription offer or promotion when you place your Subscription order, you have the right to cancel your Subscription at any time. Please note that if your Subscription includes a digital element, by placing your order you agree that we may start your Digital Subscription immediately and you acknowledge that you will lose your right to a refund in relation to any issues that have been published before you cancelled.
If you exercise your right to cancel, unless the terms of any Subscription offer or promotion state otherwise, we will reimburse all payments received from you, less a pro-rated amount for each issue delivered (if your Subscription contains a print element) or published (if your Subscription is a Digital Subscription only) before you cancelled.
How to earn Avios from UK credit cards (June 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:
We also recommend Capital On Tap for limited companies. You earn 1 Avios per £1 which is impressive for a Visa card:
Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.
(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.)