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? – November 2020 update
If you are looking to apply for a new credit or charge card, here are my November 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.