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 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.)