Maximise your Avios, air miles and hotel points

Get up to 150,000 Avios when you open an ISA, SIPP or General Investment Account with Nutmeg

Links on Head for Points may pay us an affiliate commission. A list of partners is here.

Advertorial

This is an advertisement for Nutmeg Saving and Investment Limited (“Nutmeg”). Nutmeg has agreed to pay the publisher an award for new customers acquired via the promotion of its services on this site. Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority

With the end of the tax year approaching, Nutmeg has improved on its generous Avios offer for opening a pension, ISA or General Investment Account.

Invest between £500 and £19,999 and for every £1 invested you will receive one Avios

Invest between £20,000 and £100,000 and you will receive 1.5 Avios for every £1 invested

This means that with a £100,000 investment you will receive 150,000 Avios!

This Nutmeg offer runs until 7th April 2019. Full details are here.  This means that you can invest for either this tax year or the new one.

What is Nutmeg?

As I wrote back in October, when a similar offer last ran, Nutmeg is an innovative online wealth management service that offers intelligent investment portfolios to anybody with just £500 to invest, with additional monthly contributions of at least £100.

Your money will be invested in what the company calls a robust, diversified portfolio that spreads risk across asset classes, geographies and industries. YourMoney voted Nutmeg the best online Stocks and Shares ISA provider for 2015, 2016, 2017 and 2018.

The company now has over £1.5 billion of assets under management and over 60,000 investors.

How much do I need to invest?

You can open an account with the minimum contribution for an ISA or General Investment Account (GIA) of just £500 as long as you make additional monthly contributions by direct debit of at least £100. You can also make an initial lump sum contribution of £5,000 or more with no direct debit contributions required. For those opening a pension the minimum is £500 with no direct debit contribution required.

What is the maximum I can invest?

The maximum you are allowed to invest in an ISA this tax year, which runs to 5th April 2019, is £20,000. You can invest more but anything you commit beyond £20,000 will be placed in a General Investment Account.

Please note that Avios are not awarded for customers opening a Lifetime ISA, 100% cash ISAs or 100% cash GIAs.

Why should I invest with Nutmeg?

In their own words: “We take the best elements of a high-end investing service, strip out the complexity and cost, and provide it to you online.”

How many Avios will I receive?

You will receive one Avios per £1 invested in a pension, ISA or GIA up to an investment of £19,999.

Invest between £20,000 and £100,000 and you will receive 1.5 Avios per £1 invested.

For example if you invest £10,000 you will get 10,000 Avios.  If you invest £20,000 you will get 30,000 Avios An investment of £50,000 will earn 75,000 Avios.  £100,000 will earn you 150,000 Avios.  You can invest more but the Avios reward is capped at 150,000 points.

It is important to note that the offer is only open to new Nutmeg customers. A ‘new customer’ is defined as someone who has not previously invested with Nutmeg. This offer is valid for invested accounts opened and funded before 7th April 2019.

When do I receive my Avios?

Your bonus will be credited to your British Airways Executive Club account. You will receive your Avios within 45 days of making your initial investment.

If you make a withdrawal or close your Nutmeg account within 24 months, Nutmeg reserves the right to withdraw the cash equivalent of the Avios points value awarded from the closing balance before returning funds.

How do I apply?

You need to sign up and invest via this special landing page to earn Avios.  Applications via the standard Nutmeg home page will not earn any points.

Remember, as with all investing, that your capital is at risk. The value of your portfolio with Nutmeg can go down as well as up and you may get back less than you invest. ISA and pension rules apply.


How to earn Avios points from UK credit cards

How to earn Avios from UK credit cards (October 2022)

As a reminder, there are various ways of earning Avios points from UK credit cards.  Many cards also have generous 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

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

Barclaycard Avios card

Barclaycard Avios Mastercard

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

There are two official British Airways American Express cards with attractive sign-up bonuses:

British Airways American Express Premium Plus

25,000 Avios and the UK’s most valuable card perk – the 2-4-1 voucher Read our full review

British Airways American Express

5,000 Avios for signing up and an Economy 2-4-1 voucher for spending £12,000 Read our full review

You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points.

EDIT: Until 25th October 2022, there is an exceptionally generous sign-up bonus on The Platinum Card. You will receive 60,000 Membership Rewards points – double the usual amount – and £200 to spend at Amex Travel. You need to spend £6,000 within six months to earn the bonus.

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

The Platinum Card from American Express

60,000 points (SPECIAL OFFER), £200 travel credit and unbeatable benefits – for a fee Read our full review

Run your own business?

We recommend Capital On Tap for limited companies. You earn 1 Avios per £1 which is impressive for a Visa card, along with a sign-up bonus worth 10,000 Avios.

Capital On Tap Business Rewards Visa

10,500 points bonus – the most generous Avios Visa for a limited company Read our full review

You should also consider the British Airways Accelerating Business credit card. This is open to sole traders as well as limited companies and has a 30,000 Avios sign-up bonus.

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

There are also generous bonuses on the two American Express Business cards, with the points converting at 1:1 into Avios. These cards are open to sole traders as well as limited companies.

American Express Business Platinum

40,000 points sign-up bonus and a long list of travel benefits Read our full review

American Express Business Gold

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

Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.

Comments (109)

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

  • roger says:

    Only if they let you choose individual stock or fund.
    No point in Nutmeg making decision on your behalf for the sake of points!

    • Shoestring says:

      If you make a withdrawal or close your Nutmeg account within 24 months, Nutmeg reserves the right to withdraw the cash equivalent of the Avios points value awarded from the closing balance before returning funds.

    • Alex Sm says:

      I am happy with that tbh, had an account with HSBC before when you had to do a lot of research and monitoring of funds to reinvest, simply not worth the hassle as most of us do not have the experience of Nutmeg (or other funds) managers

  • James says:

    Ooh, that’s interesting. I wonder how much it costs to transfer my SIPP in and then out again for 150k Avios.

    Those Avios will probably be worth more than my pension soon if the doom mongers are to be believed.

    * I am not likely to do this as will no doubt be more complicated and costly than it should be !

    • Shoestring says:

      If you make a withdrawal or close your Nutmeg account within 24 months, Nutmeg reserves the right to withdraw the cash equivalent of the Avios points value awarded from the closing balance before returning funds.

  • James says:

    Anyone know what Nutmeg value an Avios point at ?

    Genuine question and one which seems very relevant with regards to the cost of the financial product Nutmeg are selling.

    “If you make a withdrawal or close your Nutmeg account within 24 months, Nutmeg reserves the right to withdraw the cash equivalent of the Avios points value awarded from the closing balance before returning funds.”

    • Genghis says:

      It was 1p last time I checked.

    • Alex says:

      I don’t know if relevant, but for their standard 2500 avios deal, the terms state that they reserve the right to withdraw £50 pounds from your balance if you close the account within 12 months. From this would seem like 2p per avios, but obviously could be unrelated.

      • Genghis says:

        There’s different bandings in the T&Cs. Min of 1p. You need to be in this for the two years. Not for me given ongoing costs.

  • Smid says:

    And five years later that Nutmeg £100K will be £90K, having massively underperformed and whittled away with their charges. (Good years of 8% growth, is actually only 2% from them, and whittled away with 1% charges. Charges still applied when in loss).

    Oh, and they might have paid out 100K avios out of the 150K, initially only giving you 50K and you give up after about 3 years of trying to get it all out of them.

    And you watch as they advertise more incredibly offers they won’t pay.

    • reddot says:

      0.75%, not 1%, platform fees for fully managed portfolio up to 100k. 0.45% for robo portfolio. https://www.nutmeg.com/costs-and-charges

      To add a different view –

      If you are a DIY investor as I am, then I get why you don’t like Nutmeg, but not everyone derives joy from picking individual ETFs or ITs.: there is a time cost to everything and choice can be a curse. Without the likes of Nutmeg, my partner’s cash would just be idling in the bank.

      • John says:

        Why not put it into Vanguard Lifestrategy or Blackrock Consensus then – or the FTSE Global All Cap if you don’t like the UK bias. You just need to pick your the risk allocation and I suppose it would be best to drip feed rather than lump sum if you are afraid of Brexit-like events.

        • Richard Abrams says:

          I completely agree with this. Although these are long term assets its performance since Jan 2018 has been poor. Very few options to customise. My advice: keep your eyes on the prize and look for better performing fund managers rather than those who offer small but shiny perks.

        • Alan says:

          Another vote for Lifestrategy here – nice and straightforward and low charges

      • Alex Sm says:

        I was doing DIY for a few years only to prove again to myself that this is exactly the case when chasing sheep is best left to shepherds

      • Reddot says:

        I tried to do a comparison starting 2017 by also putting some money into Vanguard Lifestrategy 100% (seized by the hype). It did not outperform Nutmeg where I had risk level 10 managed and certainly did worse than my S&P 500 ETF. Of course early days yet, but we shall see.

  • Peter says:

    I think it would be fair to add their fees structure to the article to show how much you actually pay for avios depending on how much you invest – assuming you keep the money for full 2 years and ignoring any gains/losses as thses are unknown.

    • Rob says:

      You’d need to publish competitor fee structures for comparison, which is rapidly heading outside my area of expertise.

      • Peter says:

        Let me help you:

        20000 invested for two years with Nutmeg with a fee of 1.02% per year gives a total cost of around 400.

        To make it simple you buy 30000 avios for 400 pounds.

        • Genghis says:

          That’s not the comparison though. The comparison is to an alternative similar provider, e.g. Vanguard Lifestyle at 0.22% ongoing fund charge + 0.15% account fee = 0.37% all in.

  • Doug M says:

    Said it before. I’d never consider an investment provider on the basis of points or any other inducement. If their products were good enough and their charges low enough why would they need to sweeten the pot.

  • SammyJ says:

    If I had 100k just sitting around to invest, I don’t think I’d be doing it based on some Avios points.
    A Parker pen… perhaps.

  • Frenzie says:

    Just to manage your expectations . I invested £15K over 3 years with risk level 7.
    I now have 2% intetest in total.

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

The UK's biggest frequent flyer website uses cookies, which you can block via your browser settings. Continuing implies your consent to this policy. Our privacy policy is here.