MBNA wrote to holders of its American Airlines credit cards yesterday to tell them that they are closing on the 28th July.
It is likely that holders will be transitioned to an own-brand MBNA card which you should cancel ASAP.
There is no word yet as to what is happening with the Etihad, Emirates, United and Lufthansa cards.
I am slightly surprised to see the AA card close because the most recent version does not have an American Express element. It was a decent Visa card with a £70 annual fee and should have been sustainable in the new interchange fee environment, despite giving 1.25 miles per £1 spent. It would not have been impact by the withdrawal of the Amex issuance licence from MBNA.
If you are looking for an alternative for earning AA miles, I will do an overview tomorrow or Saturday. The obvious choice is the Starwood Amex which earns 1 Starwood points (= 1 AA mile) per £1, rising to 1.25 miles per £1 if you convert in chunks of 20,000 points.
If you want to move away from AA, the highest earning Visa or Mastercard currently available is from Virgin Atlantic – 0.75 miles per £1 on the new free Reward card (5,000 miles bonus, click here) and 1.5 miles per £1 on the paid Reward+ card (15,000 miles bonus).
Want to earn more points from credit cards? – October 2022 update
If you are looking to apply for a new credit card, here are our top recommendations based on the current 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:
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.
EDIT: Until 25th October 2022, there is an exceptionally generous sign-up bonus on The Platinum Card. You will receive 60,000 Membership Rewards points – double the usual amount – and £200 to spend at Amex Travel. You need to spend £6,000 within six months to earn the bonus.
British Airways American Express Premium Plus
25,000 Avios and the UK’s most valuable card perk – the 2-4-1 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
60,000 points (SPECIAL OFFER), £200 travel credit and unbeatable benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 points bonus and 1.5 points for every £1 you spend 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 offers:
American Express Business Platinum
40,000 points sign-up bonus and a long list of travel benefits Read our full review
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
British Airways Accelerating Business American Express
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
Capital On Tap Business Rewards Visa
10,500 points bonus – the most generous Avios Visa for a limited company Read our full review
For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.