I knew it was coming, but I thought we may get more notice than this. It seems not.
If you still have an MBNA bmi Diamond Club credit card, you will no longer be able to earn Avios after 30th September 2016.
This is, to put it mildly, a bit of a disappointment. This is especially true if – like me – you have the MasterCard which earns 2.5 Avios per £1! It was obviously not sustainable in the current ‘0.3% interchange fee’ environment even with a £60 annual fee.
It is not clear what happens to those of us who pay a fee for the card. I would expect MBNA to offer a full or partial refund or some other form of compensation.
The credit card itself will continue to be accepted after 30th September but you will no longer earn any rewards.
Diamond Club will close completely on 30th November 2016. Any Diamond Club points not transferred to British Airways Executive Club by that time will be forfeited.
The 10% discount on British Airways flights for Diamond Club credit card holders will also end on 30th November.
Full details can be found on diamondclub.org.
This will, finally, be the end of the old bmi British Midland and Diamond Club. Those of us who have been in this game a long time will be sad to see it go, especially as Diamond Club was a fantastic way to access Star Alliance redemptions at disproportionately cheap redemption rates.
I’m going to need a new MasterCard credit card. I will do a round-up of the best alternatives in the next day or so.
Want to earn more points from credit cards? – December 2020 update
If you are looking to apply for a new credit or charge card, here are our December 2020 recommendations based on the current sign-up bonus.
British Airways American Express
5,000 Avios for signing up, no annual 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.