This articles shows how you can earn Avios points when you make foreign currency transfers with Midpoint.
It is almost two years since Midpoint launched as an Avios partner. We haven’t given it a full article since then, so it is well overdue for another look.
What is Midpoint?
Midpoint is a UK-based platform for making international payments. It is FCA regulated and has a 5* Trust Pilot ranking.
The company can transfer funds to 79 countries in over 20 currencies. It uses segregated trust accounts at major local banks to ensure that funds remain safe. It claims that typical individual users are expats, international students and those with property abroad.
How to earn Avios with Midpoint
The earning rate is 1 Avios per £10, up to an annual maximum of 100,000 Avios. The service is available to both businesses and individuals.
(I believe the cap is removable by negotation – we know from discussions with the Midpoint CEO that he awarded 300,000 Avios on a single transaction made by a UK fund manager!)
Avios are being awarded into Avios Travel Rewards Programme, British Airways Executive Club, Iberia Plus, AerClub or Vueling Club accounts.
Note that if you use the Aer Lingus or Iberia schemes, you earn at the rate of 1 Avios per €11 transferred.
What are Midpoint’s fees?
A breakdown of the fees can be found here. Midpoint claims to use midmarket exchange rates so the fee is the only expense you have – there is no FX spread.
Whilst 1 Avios per £10 may initially seem quite low, it is a decent return on your fee. The example on their site of a £257 fee on transferring £50,000 would be offset by almost 20% if you value the 5,000 Avios earned at £50.
How do I register to earn Avios with Midpoint?
During the registration process you must upload a proof of identity (i.e. passport) and proof of address.
At the end of the registration process you can add your Avios account number of the programme you would like to receive the Avios into. Make sure that your last name is the same as the one registered with your Avios account in order to receive your points.
You can find out more about the partnership on the British Airways lifestyle and finance partners page here.
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.)