Maximise your Avios, air miles and hotel points

Changes to the lesser-spotted TSB Avios and TSB Premier Avios credit cards

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New HfP readers may not know that TSB used to issue two Avios credit cards.

When TSB separated from Lloyds, part of the divorce proceedings involved custody of the Avios contract.  TSB ended up retaining the right to issue an Avios credit card, but it was weaker than the Lloyds Avios Rewards card.  Unsurprisingly, it was pulled from the market soon after.

Existing cardholders have retained their cards.  However, with American Express pulling all of its licensing deals, the American Express element of the TSB Avios package is ending on 27th September.

In addition, the TSB Premier Avios credit card – which offered a companion voucher – is being closed completely from the same date. 

Going forward:

TSB Avios credit card holders will only have a Mastercard product, not an Amex

Premier card holders will be moved to the standard card

The earning rate will be a poor 0.2 Avios per £1 on UK spend and the slightly better – albeit with a 3% FX fee – 0.4 Avios per £1 on overseas spend

TSB Avios credit card changes

What is the best alternative to the TSB Avios credit card?

If you still have the TSB Avios credit cards, I recommend you switch to the Tesco Clubcard Mastercard (representative APR 18.9% variable).

The earning rate on this card isn’t great either, but it is the best Avios Visa or Mastercard available unless you are wealthy enough to qualify for HSBC Premier.  You earn 1 Clubcard point (2.4 Avios) per £8 spent – calculated on a ‘per transaction’ basis, so small transactions are penalised.  You are still likely to come out ahead on UK spending.

There is currently a sign-up bonus of 1,000 Clubcard points (2,400 Avios) on one specific version of the Tesco Clubcard Mastercardsee here for details.  There is no annual fee.

If you are happy to walk away from Avios, you can’t beat the new Virgin Atlantic MastercardThe free card has a 5,000 mile bonus and offers a whopping 0.75 miles per £1 – almost 4x what the TSB Avios card earns.  The annual fee card has a 15,000 mile bonus and offers 1.5 miles per £1.


Want to earn more points from credit cards? – February 2024 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:

Barclaycard Avios Plus card

Barclaycard Avios Plus Mastercard

Get 25,000 Avios for signing up and an upgrade voucher at £10,000 Read our full review

Barclaycard Avios card

Barclaycard Avios Mastercard

5,000 Avios for signing up and an upgrade voucher at £20,000 Read our full review

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.

Virgin Money is offering double points on spending until 14th April (£5,000 cap) to new customers when you apply for the Virgin Atlantic Reward+ Mastercard. Click here to learn more.

British Airways American Express Premium Plus

25,000 Avios and the famous annual 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 & four airport lounge passes Read our full review

The Platinum Card from American Express

40,000 bonus points and a huge range of valuable benefits – for a fee Read our full review

Virgin Atlantic Reward+ Mastercard

15,000 bonus points 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:

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

American Express Business Platinum

Crazy 120,000 points bonus (to 9th April) and an annual £200 Amex Travel credit Read our full review

American Express Business Gold

Huge 60,000 points sign-up bonus (until 9th April) and free for a year Read our full review

Capital On Tap Business Rewards Visa

Get a 10,000 points bonus plus an extra 500 points for our readers 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.

Barclaycard Select Cashback credit card

2% cashback on all your business spend for 3 months (1% thereafter) and no annual fee Read our full review

Comments (151)

This article is closed to new comments. Feel free to ask your question in the HfP forums.

  • Benylin says:

    OT: Sorry new to tbis so bare with my amateur question. I have a Gold Charge card, now going to upgrade to Platinum via the popular link. I will then hit the spending amount pretty quickly, and also refer a few people. Then I want to cancel asap to reduce the annual fee charge.
    1) will I lose all my amex points immediately? Or is there a grace period for holding the points in your account before you are forced to spend them.
    2) if I open a BA Amex via self refer before I close, can I keep my Amex points (in Amex currency not Avios)?

    I want to leave in Amex points format to retain flexibility.

This article is closed to new comments. Feel free to ask your question in the HfP forums.

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