Maximise your Avios, air miles and hotel points

150,000 Avios when you open an ISA, General Investment Account or Pension with Nutmeg

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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

Nutmeg has brought back 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 13th October 2019. Full details are on their website here here.

What is Nutmeg?

Nutmeg promotes itself as an innovative online wealth management service that build sophisticated global investment portfolios for anybody with just £500 to invest. The strategy is that Nutmeg uses technology to keep costs low and help boost your returns.

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, 2018 and 2019.

The company now has over £1.7 billion of assets under management and over 70,000 investors.

How much do I need to invest?

You can open an account with the minimum contribution for an ISA, General Investment Account (GIA) or pension of just £500.

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 2020, 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 of course 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 13th October 2019.

Any half Avios will be rounded up to the nearest full Avios!

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.

More information can be found in the terms and conditions on the Avios landing page.

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. Tax treatments apply.


How to earn Avios from UK credit cards (February 2023)

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:

SPECIAL OFFER: Until 21st February 2023, the sign-up bonus on the British Airways Premium Plus American Express card is increased to 35,000 Avios from 25,000 Avios. You can apply here.

British Airways American Express Premium Plus

35,000 Avios (ONLY to 21st February) and the famous annual 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.

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

30,000 points and unbeatable travel 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 10,500 Avios.

Capital On Tap Business Rewards Visa

Get a 10,000 points bonus plus an extra 500 points for our readers 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 £200 Amex Travel credit every year 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 (14)

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

  • Maurice says:

    Question: Can an AMEX Basic Charge Card upgrade to AMEX Card(green card)?

  • Julian says:

    Almost entirely thanks to HfP I still have a poorly performing ISA with Nutmeg that I put £50,000 in to three years ago as a result of HfP blandishments re free Avios.

    I say Nutmeg is a bad way to invest because you can only change the investment style (between aggressive mainly equity and ultra cautious, mainly bonds) and the way the portfolio is reallocated by Nutmeg (Fixed ratio or dynamic ratio of assets or some such) but cannot control geographic exposure or large blue chips stocks vs small companies and emerging markets. You also can’t bail out temporarily in to cash without losing the ISA protection value you have built up over the years.

    As even 150,000 Avios is only about the amount required for one long haul return club flight on BA I say don’t do it and choose the investment manager with the best reputation and with an investment strategy that you are also comfortable with.

    • ken says:

      I’m not a fan of Nutmeg but my general view is that’s it a fools errand to be temporarily bailing out into cash trying to second guess market corrections. Or switching asset classes wily nily.

      The golden rules should be;

      1) Invest for the long term. At least 5 years

      2) Costs kill you in the long term.

      3) The ideal holding period is forever.

      Do not churn investments.
      Do not move into cash because you think you can time the market. You can’t.

      4) Find a low cost tracker product from the likes of Vanguard with a low cost platform

      5) Its a long term investment, arguably similar to buying a house or getting married – do not allow short term fripperies like points ever influence your decision.

      And finally. A bit of research, time and effort will pay off more handsomely in the long term than the effort people put into collecting Avios or hotel points.

      • Genghis says:

        Agreed. Investing time to understand your latest financial position and working out where you want to be and how to get there can be much more worthwhile than chasing a few thousand avios. Priorities and all that.

      • The Savage Squirrel says:

        ken is correct. And no.2 on his list is why you shouldn’t touch nutmeg. Performance vs the market will vary year to year and nobody knows which funds will outperform next year. Costs are guaranteed … higher fees will always be a drag on performance and can be predicted (and avoided) with 100% certainty.

    • Troll Basher says:

      Agreed. Nutmeg is the poorest performer in my humble portfolio.

    • Peter K says:

      Almost entirely due to headforpoints… and the lack of due diligence on your part to check what you were investing in before you did so, you mean?

  • Alex Sm says:

    What about the existing investors?? We have been loyal to Nutmeg for a number of years and would welcome a chance to be rewarded as well for that! Could these offer be extended onto ALL new money invested both in new and existing accounts? Rob, can you have a word with Mr Nutmeg about that?

  • Alex Sm says:

    Customer loyalty and good publicity at a marginal cost + still new money coming in

  • @alastairtravel says:

    To put the other side here I’ve found this works pretty well so far when I moved some pensions last year.
    Effectively getting 1% in terms of Avios to consolidate some pensions whereas financial advisers were looking to charge 3%. Simple and easy to use interface including the app – returns have been excellent so far from one of the higher risk levels.
    Took a bit of chasing to get the Avios, but friendly customer service.

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

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