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More about the forthcoming changes to your Lloyds Avios Rewards credit card

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Yesterday we ran an article on the changes to the Lloyds Duo Avios credit cards which were sent to cardholders on Monday.

I said that I expected letters to follow to holders of the Lloyds Avios Rewards cards shortly.   I now have details of what will happen.

This is what you need to know:

This is going to be a very slow process.  Letters will be staggered between now and April 2019.  It isn’t clear if this is due to Lloyds looking to avoid a squeeze on their infrastructure or if they are hoping to tie it in with your annual renewal date.

The changes will apply to your account 60 days from the date the letter is sent

However, if the changes were linked to your renewal date, there would be no reason for Lloyds to be telling people, as they are, that – as the new replacement Lloyds Avios Mastercard is free – you will receive a pro-rata fee refund on your existing card

If you have had a Club Lloyds current account for at least six months, you receive an extra 0.1 Avios per £1 (0.2 Avios per £1 for foreign spending)

Some customers may receive a retention offer at the time of the switch

There will be a 2.95% foreign exchange fee going forward (the card currently has 0% FX fees)

There will not be an upgrade voucher going forward

The Lloyds call centre is telling some people that there is a final cut off of 2nd February for spend to count towards your upgrade voucher, irrespective of your year end.  This is NOT confirmed in writing yet so treat it as rumour.

The Avios earning rate on the new Mastercard will be the same as the one offered to ex-Lloyds Duo Avios cardholders:

0.4 Avios per £1 you spend in the UK

0.8 Avios per £1 you spend outside the UK

0.4 Avios per £1 transferred on a balance transfer (this is a new benefit – Lloyds Duo Avios cardholders used to get Avios on balance transfers but Lloyds Avios Rewards cardholders did not)

….. plus the extra 25% bonus for Club Lloyds current account holders.

One thing I don’t know is whether this new Lloyds Avios Rewards Mastercard will be reopened to new cardholders or whether it will remain exclusively for ex-Amex cardholders.

Lloyds Bank has set up a special website on the changes and you can find more details here.

With everyone getting 60 days notice and the letters being staggered over almost a year, there is no need to rush out and get a 0% foreign exchange fees card or get a replacement Avios-earning Amex.  I would wait until you get your letter and then make a move.


Want to earn more points from credit cards? – July 2021 update

If you are looking to apply for a new credit or charge card, here are our July 2021 recommendations based on the current sign-up bonus

You can see our full directory of all UK cards which earn airline or hotel points here. Here are the other top current deals:

British Airways American Express card

British Airways American Express

5,000 Avios for signing up, no annual fee and a companion voucher for spending £20,000 Read our full review

BA Premium Plus American Express card BAPP

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

Nectar American Express

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

American Express Platinum card Amex

The Platinum Card from American Express

30,000 points and an unbeatable set of travel benefits – for a fee Read our full review

Virgin Rewards Plus credit card

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 offers.

American Express Business Gold

20,000 points sign-up bonus and free for a year Read our full review

Amex Platinum Business American Express

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 card

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

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

1% cashback and no annual fee Read our full review

Comments (164)

  • Roberto says:

    OT – Curve related….

    Spoke to their customer services and they confirmed that the first gen cards will be swapping over to the debit later this year. All non debit cards will be replaced in the coming months. Old cards will continue to work up to when the new cards are activated.

    • the_real_a says:

      yup and downgraded to 50k limits 🙁

      • Matt says:

        I remember it being stated here that 50k was MC imposed annual limit but can I ask if anyone has a daily limit more than 3750 on the debit version? Just wondering if there is any point asking for an increase and how much I could reasonably ask for… thanks.

    • RIccatti says:

      Those are not news. Curve been sending emails to each holder of the old gen card.

  • Liz says:

    Are people still missing Curve transactions – we paid for 3 items totalling £300 via hubby’s Curve /IHG – showing in app but not showing on IHG from 26/7. All transactions on my IHG have tracked ok.

    • KevMc says:

      Yes – I contacted their support and they said that they are aware of the problem and to expect the transactions to appear on the underlying card “within the next day or two”. Personally I am stopping using it any further until I’ve seen all the transactions I have outstanding pop up on my IHG statement (I have about 8 transactions going back as far as 29th)

      • Liz says:

        Hubby used his card again today and it is showing up as pending on IHG ok – just missing our 3 transactions from 26/7

    • RIccatti says:

      This is a non-issue.

      Just do not use Curve for pre-authorisations. They got much better at refunding but still cannot separate at the outset the charge from pre-authorisation.

      If you show Curve card at hotel reception — all chances are that crazy pre-auth amount will be first actually billed to your underlying card, then refunded “within 7 days”.

      • Liz says:

        This is nothing to do with hotel pre-authorisations – it’s 3 purchases that have not appeared on IHG card. Normally they show up as pending immediately. Not complaining if the charges don’t go through but I need the pts for qualifying for Spire.

        • RIccatti says:

          Yeah, the funny thing that pre-auth which you don’t want to appear, will appear as pending, go through to post on the statement, and then might/might not get refunded.

          Curve systems became better at doing refunds but the pre-auth will still be charged.

  • Yawn says:

    Hmm. What to do? My new (third) year should start later this month. I’ve used the previous two vouchers to fly business class to India and Japan, so would be keen to get a third. If I have until February, as the rumours suggest, I’d be fine. But what if the letter drops in, say, October? Also, there is no obvious replacement for the solo traveller is there? I really don’t need a companion voucher.

    • Lev441 says:

      Upgrade voucher on the virgin Atlantic credit card? Only other option there for the solo traveller..

  • Chris says:

    Interestingly the terms and conditions give a link of http://www.ba.com/lloyds

    I can’t help but wonder is this the end of the BA Amex? I can’t see how BA will be able to actively promote two credit cards.

    • Letterbox burka says:

      You’re making several speculative jumps, none of which might be true. In the absence of more evidence: wait for more evidence.

    • Rob says:

      It is totally normal in the US to work with multiple card groups. There will be 2 Marriott cards – SPG Amex and Creation Mastercard – from the end of August. That said, it makes sense for BA to dump Amex given the fee cap.

      • RIccatti says:

        –There will be 2 Marriott cards – SPG Amex and Creation Mastercard – from the end of August.

        But not because Marriott wanted it that way, Rob.

        SPG AMEX in the US now earns 2/3 of the old Starpoint (x2 Marriott points per 1$ on general purchases), and there is no signup bonus in points.

  • Darren says:

    I saw a comment about gifting the voucher (the card holder doesn’t fly) is this a thing or have I dreamt it?

  • Qfx says:

    What if I pay my MasterCard bill using my Curve card which is linked to that same MasterCard.

    • John says:

      Try it and let us know

    • RIccatti says:

      If you want to have blocked, because this will be direct abuse of terms, difficult to ignore for Curve.

      • Stuart says:

        Having read the curve t&c’s a number of times I don’t see this. Could you point out specifically where this is mentioned?

        I have for some time now paid my Amex bill with Curve linked to IHG, then changed the linked card to MBNA & payed the IHG bill, all with no problems. I requested a limit increase & Curve didn’t even bat an eyelid.

        All this “first rule of fight club” nonsense is getting boring. This is supposed to be a sharing site, so all those “I know something hush hush” & don’t want to share should move along elsewhere.

        • Mark2 says:

          OP asked about using a card to pay itself which is different from what you describe. Yours is a better way.

  • Stuart says:

    Indeed, but my point was there is nothing in the t&c’s forbidding the practice. Those that insist there are are those “elitists” that want to keep all the glitches to their own little circle.

  • Rob says:

    Thanks, will cover over the weekend.

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