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Bits: TopCashback 25% bonus to Avios scrapped, Miles & More gift card deals – any good?

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News in brief:

No more 25% bonus on TopCashback transfers to Avios

Quietly TopCashback has withdrawn their 25% bonus when converting TopCashback cashback directly into Avios.

First launched in September 2016 with no expiry date, the 25% bonus with TopCashback for converting cashback into Avios came after Tesco Clubcard pulled their partnership with TCB.

Giving no mention of an end of this 25% bonus prior to the expiry date is especially annoying if you had been wanting to convert your paid cashback into Avios but simply hadn’t got around to doing it.

Converting TopCashback to Avios is still not a bad deal.  You get 1.05 Avios for every 1p of cashback you convert, which is far cheaper than buying points directly from BA.  It just isn’t as good as it was.

If you are not already a TCB member, you can sign up via our refer a friend link here.

TopCashback 350

Miles & More gift card deals – a redemption to be avoided?

Lufthansa’s Miles & More scheme has been sending out emails to their UK members promoting their new gift card redemptions, making it look like a great deal.

‘Did you know that you can get your favourite awards for 3,000 miles already?’, asks the email in badly translated English.

A look at the website shows that for 3,600 miles you can, for example, get a £10 Amazon voucher.  Great.

That is the equivalent of 0.27p per mile!  Considering the 1p value we give to 1 Lufthansa mile when used for premium flight redemptions, this is a deal to be avoided unless you have some miles heading rapidly towards expiry.

(Want to earn more Avios?  Click here to visit our home page for the latest articles on earning and spending your Avios points and click here to see how to earn more Avios from current offers and promotions.)

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Comments

  1. When it comes to redemptions though its just avios coming out of the pot. We normally only do 2for1 and Lloyds upgrade long haul in J/F or occasionally straight short haul redemptions so tend to get better value (against what we would pay for the flights rather than necessarily what the cash fare is). Therefore my rule is never redeem at less than 1p and never pay more. Any ‘free’ avios such as work flights or signup bonuses don’t change that since in the long run the ‘non-free’ avios are additional redemptions that could otherwise be covered in cash. The only exception would be a very small number required to top off an immediate redemption that otherwise fits the rule.

    The threshold will vary depending on redemption approach of course, and part of that is how avios rich you are and how often you travel / how many of you there are travelling together. The number of 2for1s and upgrade vouchers you can earn for example is limited. However as a principle it’s a pretty sound one.

  2. TGLoyalty says:

    The 25% bonus was nice but it didn’t make up for the clubcard offer when it comes to Avios

    £50 transfer to clubcard was worth 12,000 Avios (some still get the old rate so 16k) or 12.500 flying club

    Even at a 25% bonus to get that level of avois you would need to convert £96 (£128)

  3. I think the Avios/BA/Virgin (not to the same extent) are usually better earning portals, no? Certainly now!

    • TGLoyalty says:

      Agree anyone wanting to convert £332+ @25% bonus for 41.5k Avios were better off than those that used £50 for club card into 12k Avios plus up to £280 @5% bonus for 29.4K

  4. No, Virgin has never done that.

  5. OT – any good deals for the Economist subs, the Mrs needs a new one

  6. OT:
    Closed my platinum account after reaching bonus (and MR transferred out). I now had to return one of the items I had bought with the card and get a refund. I have two issues:
    1. How will I get the money back from amex?
    2. the refund will tip me below the spend target (£1879 instead of the £2000 required), what will Amex do as I have already transferred the MR out?
    3. will this put me in Amex bad books?

    • the_real_a says:

      Easy – call up amex and they will either BACS the credit back to your direct debit account, or raise you a cheque.

      • the_real_a says:

        You wont lose your transferred points, and unless you make a habit of it AMEX will still be friends with you.

  7. the real harry1 says:

    (Krankyfly) same here, I got 25% extra though this was 5 Jan in the afternoon

    happy now, was cursing at the time 🙂

  8. You used to be able to go via Clubcard.

  9. the_real_a says:

    But in essence your points would be tax deductible Vs a cash discount at the till. Of course this depends on how much tax your business is paying. Ryman is very expensive IMO 🙂

  10. Avios and BAEC conversion now has a 5% bonus which is not as good as 25% but still better than a poke in the eye with a sharp stick.

  11. No, they changed that after the fact. I used that article as the basis for the piece I wrote on HFP and there was definitely no closing date listed.

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