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What are the best credit card deals for February? – plus a news round-up

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It is time for our regular round up of what is coming and what is going in the world of UK airline and hotel credit card sign-up deals.

Our directory of the 15 main UK travel credit cards can be found by clicking the ‘Credit Cards’ tab at the top of the site or – for email, Flipboard, Apple News or mobile readers – by clicking here.

What is new?

The market continues to be very static since MBNA culled its line up in October.

We have covered two major bits of credit card news in the last month:

There are rumours coming from the Brighton call centre in comments to callers – but denied by the Amex press office – that aggressive changes are on the way to American Express sign-up bonus rules.  Whether you will in future have to wait one year, two years or until the planet is engulfed by an exploding sun before you can get the bonus again on the same card is not clear.  The little we know is in this article.

The Curve Card launched its public version (it was theoretically only available to self-employed people before).  This turned out, surprisingly, to be a debit card that recharged all your purchases to a Visa or Mastercard credit card.  This has huge potential for earning points when paying HMRC, council tax etc.  Curve is free and, even better, they will pay you £5 for trying it out if you use a referral code.  Full details, and a referral code, are in this article.

American Express Rewards Credit Card

What else is going on?

Not a huge amount:

There is still no word on the new Virgin Atlantic credit card.  We expect them to be back in the market with a new non-Amex product within the next few weeks.  Virgin Money will be the issuer.

HSBC Premier is giving away a free hotel night if you move your current account over to them.  This would allow you to take out the HSBC Premier World Elite credit card which is the most generous Avios Mastercard or Visa product.  Details are in this HFP article.

best travel credit cards

What are the best travel credit card sign-up deals this month?

If you are looking to apply for a new credit or charge card, here are my top recommendations based on the current sign-up bonus.   Only the British Airways offers are special deals whilst the IHG and Amex cards are consistently strong offers.

These deals are listed in no particular order and their position on the list is not a sign of how good or bad the offer is.

British Airways American Express

For an unspecified period, the bonus on this free card increased from 3,000 Avios to 5,000 Avios.  My full review of the card is here.  You can apply here.  Representative APR 22.9% variable.  Do note, however, my comment above about the new Amex Rewards Credit Card which may be a better choice for many people.

British Airways American Express Premium Plus

For an unspecified period, the bonus is increased from 18,000 Avios to 25,000 Avios.  Note that the annual fee increased last year from £150 to £195.  I wrote a full review of the British Airways Premium Plus card here.  You can apply here.  Representative APR 76.0% variable including £195 fee based on a notional £1200 credit limit.

Amex Plat

American Express Platinum

The sign-up bonus on this card is 30,000 American Express Membership Rewards points.  You need to spend £2,000 in 90 days to trigger the bonus.

Your points can be transferred into various airline and hotel programmes.  You could get 30,000 Avios, 30,000 Virgin miles, 60,000 Hilton points, 90,000 Carlson points, 2,000 Club Eurostar points etc etc.

You receive a pro-rata refund on the £450 fee when you cancel the card and you will retain most of the benefits – Starwood Gold (which you can instantly match to Marriott Gold), Carlson Gold, Hilton Gold, Melia Gold and Shangri-La Jade – for the rest of the year even after you cancel. The Amex Platinum benefits package is extensive, though, and once you’ve got it you might find the numbers add up for you. I have had one for 15 years.

My full review of the Amex Platinum card is here. Amex’s own home page is here.

American Express Preferred Rewards Gold

This is currently an outstanding deal which is showing no signs of going away. You pay no fee for the first year and earn 20,000 Membership Rewards points (see here for what 20,000 MR points can get you – 20,000 Avios points for a start!).  You need to spend £2,000 in 90 days to trigger the bonus.

If you are new to this hobby, I would make this your first American Express card.  One benefit of earning American Express points is that you only need to transfer them to an airline or hotel scheme when you are ready to redeem – there is no risk of being caught out by devaluations!

My full review of Amex Gold is here. The Amex home page to apply is here.

Amex Gold

IHG Rewards Club Premium Mastercard

This is my preferred Visa / Mastercard because of the strong overall package.  Whilst there is a £99 annual fee, this is offset in Year 1 by the 20,000 bonus IHG points you receive.  You get IHG Rewards Club Platinum status for as long as you hold the card.  You will also receive a voucher for a free night at any IHG Rewards Club property when you spend £10,000 per year.  Representative APR 41.5% variable including fee based on a notional £1200 credit limit.

The Tesco card is also an option

Whilst it has no sign-up bonus, the no-fee Tesco Clubcard Mastercard remains the best free Visa or Mastercard for earning Avios for 95% of people (the HSBC Premier cards are better but this has very strict criteria for signing up).  You receive 0.3 Avios per £1 if you convert your Clubcard vouchers into Avios.  There is also the potential to use the points for Virgin miles or a totally different Clubcard Boost deal.

0.3 Avios per £1 is still not great unless you assume that there will be occasional conversion bonuses – and the nasty ’rounding down per transaction to nearest £8′ rule means that you will get less than 0.3 Avios is reality.  There are various versions of the Tesco card but the best are:

Up to 29 months interest free period on all purchases (representative APR 18.9% variable) or

Up to 20 months interest free period on all purchases and 0% interest on balance transfers for 3 months (representative APR 18.9% variable)

Bonus on small business cards

Head for Points focusses primarily on personal cards. However, if you are a sole trader or run a very small business, you may also want to check out the American Express Platinum Business Card and the American Express Gold Business Card. There is currently a 20,000 points (= 20,000 Avios) bonus on the Gold Business card and a 40,000 points (40,000 Avios) bonus on the Platinum Business card.

(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.)

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.

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Comments

    • Genghis says:

      Do you get credit checked from Amex for each application? Not sure if a credit check on the Gold/Plat credit cards is worth 5k MRs. I normally look for at least £100 of benefits for each credit check.

      • Why so high?

        • Genghis says:

          Because of the options available. I receive MSE’s emails saying “free £30 with M&S card” etc but ignore. What are other people’s minimums?

      • I have no idea. Being old I am extremely unlikely to borrow money again except credit cards. We seem to get accepted despite having very little income.

      • TGLoyalty says:

        From what I can tell I haven’t been credit checked for a while by AMEX despite applying/cancelling various cards

        Might well change now I’ve posted this though lol

    • thanks!!!

  1. I currently hold the Plat card. Have heard about getting bonus MRs for applying for supplementary cards. Is this targeted or general? Is there a special link?

    • You usually get 5,000 MR for Platinum supplementaries, although it is not advertised (had it last week). Remember that 2nd and subsequent supps cost £170 so best not to order them on initial application.

      • Would we get to for the green supp? Even if its free…was not aware…

        • Meant 5k!

        • not for Gold, so not for green

        • Has the 3000 MR points for Gold supplementary cards ended then?
          By Gold and supplementary I am meaning a second card (for spouse etc) on the Gold Charge card.

          Thought I should clarify as I’ve been confused by the accompanying Gold credit card recently!

  2. If you do the gold to platinum upgrade to secure the bonus points can you subsequently downgrade to gold again? If so will you be bearded as in the first year of gold and hence no £140 fee or will the full fee kick in from day one

  3. Not sure what the position was with the self employed curve, but is the new consumer curve debit card of any use as a deposit/guarantee card when trying to rent a car?

  4. Oliver East says:

    Slightly OT but I spoke with amex about when I cancelled my Gold card, so I know when to re-apply, and they mentioned the ability to once again hit the sign up bonus and the fee free year but nothing about changing this from 6 months. 🙂

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