I’ve had numerous emails from readers in recent days who have found a new upgrade voucher appearing in their avios.com account courtesy of their Lloyds Avios Rewards credit card.
If you didn’t get an email telling you it was there, it is worth checking anyway. It will say:
Lloyds Bank Avios Rewards Upgrade Voucher
Valid from 29/09/2018
Expiry date 31/10/2019
It isn’t clear what is happening here, but it is a widespread situation. My best guess is that this is part of the process of closing down the current cards.
Or, of course, it could be a mistake.
Lloyds was struggling to find a sensible plan which would allow them to close the cards. They are being forcibly replaced with ‘next generation’ Mastercard-only Lloyds Avios Rewards credit cards which are substantially different from what you have now.
The new Lloyds Avios Rewards Mastercard will offer:
No annual fee
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 an extra 25% bonus for Club Lloyds current account holders.
The bad news is:
There will no longer be a generous Amex card option
Overseas spending is no longer free – you will pay 2.99% on FX spend
There will no longer be an upgrade voucher
Because most cardholders will have their old card closed part-way through their membership year, it would be unfair to stop them getting a final upgrade voucher.
Lloyds may have decided that the cleanest thing to do is to give every cardholder their current year voucher. It may also be a gesture towards Avios Rewards cardholders who are annoyed by the loss of 0% FX fees and the voucher.
Perhaps you should spend it quickly, though, just in case it is an error!
(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.)