On Monday I published a mini-rant about the bloated state of the UK credit card industry. As part of that, I asked why investors were pouring vast sums into online current account start-ups (Monzo, Revolut, Starling etc) when such products have never made money even for legacy banks.
On the other hand, few start-ups are pushing into UK credit cards which have historically been hugely profitable.
If you’ve never heard of Monese, it is like Revolut, Starling or Monzo but aimed at people who are new to a country and would otherwise struggle to meet the checks required to open a traditional bank account.
You can open a Monese account in various European countries, including the UK, simply by uploading a scan of your passport. Monese is, of course, also happy to open an account for you if you are living and working in your home country. If you are reading this on a tablet or mobile, you can click here to download the Monese app and have your account open within minutes.
I am assuming that Avios has a plan for Monese – we need to see what develops over the next few months.
How to earn Avios from UK credit cards (January 2021)
As a reminder, there are various ways of earning Avios from UK credit cards. Many cards also have generous sign-up bonuses!
There are two official British Airways American Express cards:
You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points, such as:
Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.
If you have a small business, we especially recommend Capital On Cap’s Visa card which comes with a generous bonus worth 10,500 Avios:
(Want to earn more Avios? Click here to visit our home page for our latest articles on earning and spending your Avios points and click here to see how to earn more Avios this month from offers and promotions.)