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 points from credit cards? – January 2021 update
If you are looking to apply for a new credit or charge card, here are our January 2021 recommendations based on the current sign-up bonus.
British Airways American Express
5,000 Avios for signing up, no annual fee and a companion voucher for spending £20,000 Read our full review
British Airways American Express Premium Plus
25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review
The Platinum Card from American Express
30,000 points and an unbeatable set of travel benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 points bonus and the most generous non-Amex for day to day spending 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:
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
American Express Business Platinum
40,000 points sign-up bonus and a long list of travel benefits Read our full review
British Airways Accelerating Business American Express
Earn both Avios and BA On Business points with your business spending Read our full review
Capital On Tap Business Rewards Visa
The most generous Avios Visa or Mastercard for a limited company Read our full review
Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history. By recommending credit cards on this site, I am – technically – acting as a credit broker. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.