Daily Mail writes about (a HfP reader?) buying Royal Mint coins for Avios
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Well, I never expected this story to reach the hallowed pages of the Daily Mail, but there you go.
I have, a couple of times, mentioned that it is possible to buy face value commemorative coins from the Royal Mint using a credit card. I have never made a big deal of this because:
the Royal Mint doesn’t take American Express, so it was only really worthwhile if you had a ‘no longer available to new customers’ Visa or Mastercard such as the BMI Diamond Club one which pays 2.5 Avios per £1
you were 100% dependant on finding a willing bank if you wanted to pay in the coins. It was never totally clear what the legal position was.
We now know, thanks to the Daily Mail, what the legal position is.
You should read the article in full, but here are some extracts:
The reader, who wishes to be known simply has James, would buy high value commemorative coins from the Royal Mint in bulk to gain air miles on his credit card before cashing them in at the bank.
However, the Royal Mint appears to have cottoned onto his system by writing to banks and telling them not to accept the coins, which are deemed ‘legal tender’.
and
James said: ‘I am someone who has a bit of an addiction to frequent flier miles. I’ve done various things over the years to generate more miles – and the only way to generate such things is by spending on a credit card.
and
The coins, such as the £100 ‘face value’ Buckingham Palace coin issued last year are limited edition and are described by Royal Mint as legal tender. They also have a 14 day returns policy.
But its terms and conditions section on the website describes legal tender as having ‘a very narrow and technical meaning in the settlement of debts.’
It adds: ‘In practice this means that although the face-value UK coins in denominations of £5, £20, £50 and £100 are approved as legal tender, they have been designed as limited edition collectables or gifts and will not be entering general circulation.
‘As such, UK shops and banks are not obliged to accept them in return for goods and services.’
and
A recent letter sent to a bank branch from the Royal Mint, published below, has told staff to no longer accept coins over the counter and that customers should be referred to them instead.
and
James adds that when he entered his local HSBC branch, as he usually would to cash them in, the bank accepted the deposit. This is Money has seen the deposit slip.
The branch manager then chased after him as he was leaving the branch and advised that it could no longer accept them.
It is a great story but, to avoid copyright issues, I recommend you head over to the Daily Mail site and read it in full for yourself.
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How to earn Avios from UK credit cards (April 2025)
As a reminder, there are various ways of earning Avios points from UK credit cards. Many cards also have generous sign-up bonuses!
In February 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
There are two official British Airways American Express cards with attractive sign-up bonuses:
British Airways American Express Premium Plus
30,000 Avios and the famous annual 2-4-1 voucher Read our full review
British Airways American Express
5,000 Avios for signing up and an Economy 2-4-1 voucher for spending £15,000 Read our full review
You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points. These points convert at 1:1 into Avios.
SPECIAL OFFER: Until 27th May 2025, the sign-up bonus on the ‘free for a year’ American Express Preferred Rewards Gold card is increased from 20,000 Membership Rewards points to 30,000 points. Points convert 1:1 into Avios (30,000 Avios!) and many other programmes. Some people may see even higher personalised offers. Click here to apply.
SPECIAL OFFER: Until 27th May 2025, the sign-up bonus on American Express Platinum is increased from 50,000 Membership Rewards points to a huge 80,000 points. Points convert 1:1 into Avios (80,000 Avios!) and many other programmes. Some people may see even higher personalised offers. Click here to apply.
American Express Preferred Rewards Gold
Your best beginner’s card – 30,000 points, FREE for a year & four airport lounge passes Read our full review
The Platinum Card from American Express
80,000 bonus points and great travel benefits – for a large fee Read our full review
Run your own business?
We recommend Capital on Tap for limited companies. You earn 1 Avios per £1 which is impressive for a Visa card, and the standard card is FREE. Capital on Tap cards also have no FX fees.
Capital on Tap Visa
NO annual fee, NO FX fees and points worth 1 Avios per £1 Read our full review
Capital on Tap Pro Visa
10,500 points (=10,500 Avios) plus good benefits Read our full review
There is also a British Airways American Express card for small businesses:
British Airways American Express Accelerating Business
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
There are also generous bonuses on the two American Express Business cards, with the points converting at 1:1 into Avios. These cards are open to sole traders as well as limited companies.
American Express Business Platinum
50,000 points when you sign-up and an annual £200 Amex Travel credit Read our full review
American Express Business Gold
20,000 points sign-up bonus and FREE for a year Read our full review
Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.
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