The three different types of loyalty credit cards I own

Links on Head for Points may pay us an affiliate commission. A list of partners is here.

18 months ago I ran this post on ‘What is your credit card ‘end game’ strategy?‘.  This was fundamentally about which cards you should, long term, end up keeping in your wallet and generated a lot of discussion.  I will run an updated version soon.

If you look at the full range of ‘miles and points’ credit cards, you can generally break them down into three categories:

  • The card you actually use day-to-day because of its good earning rate in a programme you value (which was the focus of the ‘end game’ post above)
  • The card you get purely for the sign-up bonus, and cancel soon afterwards
  • The card you keep for the ancillary benefits such as hotel status but do not use for daily spending

What is best for me may not be best for you. However, I thought it might be interesting to look at what is currently lurking in my wallet (or my desk drawer).

Credit cards

The day-to-day spending cards I use 

Until three weeks ago, this was the good old bmi Diamond Club MasterCard which has just been closed down.  I was very lucky to still have this card, which had not available to new applicants for about four years.  I got a whopping 2.5 Avios per £1 spent on it which made the £60 per year fee great value for money.  Paying the 0.38% credit card fee to HMRC when settling tax bills was always a pleasure knowing that I was buying Avios points for 0.15p each!

I have just replaced the bmi card with the Lufthansa Miles & More cards (review).  I will get one mile per £1 spent on the Visa card for the first six months and that will take me through the January tax bill.  The ONLY reason I got this card is that I have a soft spot for Lufthansa First Class which is a truly excellent product – here is my review of the First Class Terminal in Frankfurt.  Lufthansa First reward availability is only made available to its own Miles & More members unless you book at very short notice.

My British Airways Premium Plus American Express (review) 2-4-1 voucher has been triggered for the year, so that card is back in the desk drawer.  It will be coming back into the light in February when my new card year starts.

I also have, in both my own and my wife’s name, the IHG Rewards Club Black Visa card (this card is now called the Premium MasterCard, review).   As well as earning two IHG points per £1, we also both receive a ‘free night’ voucher for spending £10,000 each year.  We try to use these at a decent InterContinental somewhere.

For overseas spend, I currently have a Metro Bank debit card on the Head for Points bank account which has no FX fees in Europe.  My wife also has a Post Office MasterCard which has no FX fees anywhere.  A better choice would be the Lloyds Avios Rewards Card (review) as this has no FX fees and earns Avios.

If you don’t want to take out a separate credit card purely to use overseas, look at the free Curve and Supercard products.  Curve is currently paying you £5 to take out their card as I wrote here.

PS.  My wife also has a House of Fraser MasterCard.  It isn’t a bad product offering 0.5% cashback in House of Fraser vouchers.  It also has no fee.  She uses the BA Amex or – until cancelled – the bmi MasterCard for what she considers general household spending which I settle.  She charges her clothes, haircuts etc to the House of Fraser card and settles that herself.  We have never had a joint bank account but only because it seemed unnecessary.

The cards I got for the sign-up bonus

I am generally NOT an aggressive credit card churner, tending to open only one or two new accounts each year. This year, the offers have been particularly poor.

Before applying for the Miles & More card with its limited time 10,000 miles bonus, the last card we got was when my wife was sent a targetted 20,000 point bonus on the Starwood Preferred Guest American Express last Winter.

I am unsure whether I should get the HSBC Premier World Elite MasterCard.  I (article) already have a HSBC Premier current account so I qualify automatically.  £195 is a big fee but 40,000 Avios / Etihad / Singapore / Cathay Pacific miles is a big bonus!  My gut feeling is that I will wait until next year.

The cards I keep for ancillary benefits

For 17 years, this has been the American Express Platinum card (review) for me. I get my BA Premium Plus Amex fee-free for holding this (a benefit no longer offered to new applicants, unfortunately) which saves me £195, and I value the travel insurance, hotel statuses and other perks.

Note that I very rarely spend anything on my Platinum card, unless there is a promotion going on.  1 Membership Rewards point per £1 is pretty poor to be honest.

I will also probably keep the IHG Rewards Club Black and Lufthansa Miles & More cards even if I move my spending elsewhere.  My £99 fee for the IHG card buys me a free upgrade to IHG Rewards Club Platinum status.  IHG Rewards Club benefits are, to put it mildly, variable, with many hotels offering nothing at all.  Many do take it seriously with the occasional decent upgrade or gift.

The Lufthansa card stops my Miles & More miles from expiring as long as I use it once a month.  This is a very handy feature because Miles & More miles, for non-status members, have a ‘hard’ three year expiry from the date you earn them which cannot be extended.  I would move one of my monthly recurring charges onto the card and ensure the bill was paid by Direct Debit.

So, that is the current content of our credit card drawer.  How about you?

(Want to earn more miles and points from credit cards?  Click here to visit our dedicated airline and hotel travel credit cards page or use the ‘Credit Cards Update’ link in the menu bar at the top of the page.)

Bits: Etihad sale, 'Credit Card Reviews' returns, an unmissable video blast from the past
How to convert Marriott or SPG points into Hilton or IHG points

Click here to join the 15,000 people on our email list and receive the latest Avios, miles and points news by 6am.

Double Rewards
Amazon ad
AMEX Gold 20,000 bonus points
About Head for Points

We help business and leisure travellers maximise their Avios, frequent flyer miles and hotel loyalty points. Visit every day for three new articles or sign up for our FREE emails via this page or the box to your right.


  1. Use BA Amex for all UK spending if possible and if not use Lloyds Avios.

    Travel is mainly outside of Europe so gave up on metro card for this and now use Caxton fx as many countries I go to in Asia don’t accept western credit cards so you get free cash withdrawals. Not found the Supercard or whatever it’s called from travelex that useful. Use Lloyds avios Amex if travel is North America but outside of that hard to use.

    Seen the comments about dropping BA Amex after getting voucher and interested to know what people use to get good avios earning instead? I’m not bothered about hotel points just want avios so can’t see a better way of doing it.

    • Genghis says:

      In past year or so, avios from credit card spend approx as follows:
      – churn Amex Plat with wife referrals 92k x 2 = 184k. Just starting another churn
      – SPG with wife referrals 29k SPG (which stayed there but = 34k avios)
      – BAPP with some BA spend and wife referral 94k
      – Lloyds Amex with wife referral – about 52k I reckon so far as still spending on this as within 6 months for 2.5/£
      – DC (RIP) around 20k

      • Excuse my ignorance, but how do you get 92k from amex platinum? Isnt it 35k sign up bonus after referral, plus 18k from referring someone?

        • Genghis says:

          All the calcs include wife and I doing it. e.g. For Amex Plat, this is I spend £2k and wife spends £2k for 35+2+18+35+2=92k. Likewise with SPG: I spend £1k and wife spends £1k for 11+1+5+11+1=29k.

          • Ah ok cool I get you…. thanks. But then how come you doubled the 92k to make 184k? Is that for conpleting the cycle twice a year?

          • Genghis says:

            Yep. Apply and get card. Spend £2k in a couple of weeks and refer wife who spends £2k in a couple of weeks. Set up the link to transfer out asap. As soon as all your points have posted, transfer out then when the transfer hits BAEC (for instance) with a sweep of the point remnants to Nectar, cancel for the prorata refund and repeat in 6 months’ time.

          • yeah awesome that’s what I was planning to do with my girlfriend… but plans scuppered now that she is going to the USA for 5 months :-/

          • Genghis says:

            Depending how far your relationship is advanced (joint finances and that) she could still apply for the card and have you as a supplementary card holder to allow you to spend on the card and then get the points.

  2. BAPP is never churned, but other Amex’s are and timed for maximum cards for shop small. This year we should have 9 of them in time.

    Means we can have a £90 xmas turkey this year rather than the £70 one with only 7 cards last year.

    May need to find an oven suuplier who takes Amex though for a bigger oven!

  3. Can you use a CC to pay stamp duty when you are purchasing a BTL using a mortgage? Did a quick bit of research but I’m sure someone on here will have the answer! Many thanks

  4. rams1981 says:

    why would you use supercard to top up pension and pay the 1% UK fee?

    • Because you recharge to a Visa or MasterCard where the rewards are worth more than 1% …..

      • rams1981 says:

        true Rob, but post diamond club are any worth more than 1%? I only have IHG premium, HSBC premium mastercard and Virgin which are decent earners and not sure they are worth 1%. Which ones do you have in mind?

  5. rams1981 says:

    and curve doesn’t charge for UK transactions right so if you find someone willing to take it you could use it.

  6. We have the Amex platinum and still question it’s value for the annual fee. You also say above that 1 MR per £1spend is poor. Is it? Which would be a better option from Amex?? We used to have BA premium but switched to platinum with joining offer.

  7. Chewbacca says:

    Does anyone know what happens with HSBC Premier if you temporarily met criteria to get HSBC Premier current account e.g. through savings in HSBC. If you got the current account but then moved the savings I understand you would be downgraded on the current account but what about the credit card or is it only worth holding for the initial bonus anyway, would they cancel the card and would that affect credit rating as always better to cancel your own cards in my opinion.

    Also HSBC advised that Premier criteria was only salary income i.e. would not include salary and say gross investment income anyone know if that’s true I can imagine many people meeting their criteria through income but not necessarily salaried and their criteria sheet only mentions income not salary.

Please click here to read our data protection policy before submitting your comment.