American Express retains the British Airways credit card contract

UPDATE – AUGUST 2025:  This is an old article, and the credit card information given is likely to be out of date.

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The British Airways credit card contract was up for renewal recently.  I don’t know when the current deal was ending – the only bit of news I managed to find out in advance was that IAG was tendering for a single contract covering all of its airlines.

I had a sneaky feeling – which have been wrong – that some of the aggressive promotional activity we saw from MBNA last year on its airline cards may have been linked to this.  Did they want to show BA what could be done if they won the deal?

The inclusion of Iberia and Vueling (the Spanish based budget airline owned by IAG) in the contract played into the hands of American Express, however.  I am not aware of MBNA or Barclays, who were the only realistic competitors, having an established credit card operation in Spain of the scale required to take this on.

On Wednesday, American Express held an investor day in New York.  The slides are available online but they do not tell you anything interesting.  Bloomberg released a summary of the discussion, however, and it confirmed the following:

A new British Airways deal has been signed

A new Iberia deal has been signed (this is currently an Amex and Visa combo)

A new Vueling product is included

The Starwood Preferred Guest Amex deal has been extended

Nothing else is known at this time.  There does not seem to be a transcript of the investor day (yet?) which would provide some more information.

We can treat this as good news.  The British Airways credit cards are, if we’re honest, a very attractive product with a set of benefits which is well pitched.

The 2-4-1 voucher on the Premium Plus card is the most valuable spending perk of ANY UK credit card as I showed here.  You only need to look at the mish-mash of additional benefits offered on, say, the Virgin Black and Emirates Elite cards (which turn out to be far less useful than you think when you read the small print) to realise how good the BA cards are.

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Want to earn more points from credit cards? – August 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

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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

18,000 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