Yes, British Airways has a credit card in Sweden! Whether you will want it after December is another question.
I wrote recently about the drastic cuts that Tesco is making to the Clubcard earning rate on the Tesco MasterCard. This is because of the upcoming EU imposed cap on credit card fees charged to retailers.
This is the BA card issued in Sweden (click for details). It is run by EnterCard and is a Visa, so impacted by the new EU rules.
This is the historic benefits package:
Earn 1 Avios per 10 SEK (80p) charged to the card
Earn a 2-4-1 voucher for spending 200,000 SEK per year (£16,000)
This is the new benefits package which takes effect on 8th December for current cardholders and already applies to new applicants:
Earn 1 Avios per 20 SEK (£1.60) charged to the card
Earn a 2-4-1 voucher for spending 500,000 SEK (£40,000)
Yes, £40,000 per year to generate the 2-4-1 voucher!
Oh, and I forgot to mention the annual fee of SEK 395 (£32).
If you live in Germany, it is even worse. It was announced this week that the British Airways credit card there is to be closed down in December. Existing customers will stop earning Avios and the card will become a ‘no benefits’ card instead.
Welcome to the new credit card landscape in the EU, at least for Visa and MasterCard products. Amex remain exempt although it will be under serious competitive pressure – how do you respond when your (cheaper) competitor cuts its price by 2/3rd?
(Want to earn more miles and points from credit cards? Click here to visit our dedicated ‘Credit Cards’ page or use the link in the menu bar at the top of the page.)