Why should you get the British Airways American Express Premium Plus credit card?
Today, in our ‘Top 10 Reasons’ series, I want to look at the top 10 reasons to apply for a British Airways American Express Premium Plus credit card.
You can see all of our ‘Top 10 Reasons’ series, focusing on UK travel rewards credit cards, by clicking here.
If you want to check your credit record before applying for a new card, click here to get your free Experian Credit Score.
The serious legal stuff about the BA Premium Plus Amex:
You can apply here: British Airways American Express Premium Plus application form
What does it cost? £195 annual fee
What is the interest rate? The representative APR is 74.7% variable, including the £195 fee, based on a notional £1,200 credit limit. The interest rate on purchases is 22.2% variable.
The top 10 reasons to get the British Airways Premium Plus Amex card:
1. You receive 25,000 Avios points for signing up
The British Airways American Express Premium Plus credit card comes with a very generous sign-up bonus worth 25,000 Avios.
You qualify for the bonus as long as you haven’t had either of the British Airways American Express cards in your name (supplementary cards do not count, cards from Lloyds or MBNA do not count) in the previous 24 months.
You need to spend £3,000 within three months to receive the bonus.
2. You receive 1.5 Avios for every £1 you spend on the card
There are a few exceptions (cash withdrawals do not earn points) but in reality virtually every £1 you spend will earn 1.5 Avios points. This is 50% more Avios than on the free BA Amex.
3. You earn double points (3 Avios per £1) on your spending with British Airways
This includes BA Holidays. You must book via ba.com to receive double Avios.
4. You receive a 2-4-1 voucher for Avios redemptions when you spend £10,000 in a card year
Within 5 days of spending £10,000 in your current card year, a voucher will be deposited in your British Airways Executive Club account allowing you to book two Avios flights for the points of one.
You must pay full taxes and charges on both tickets, however. Your 2-4-1 flights must be on British Airways, not a partner airline, and must start in the UK.
If you book a one-way flight, it must be a one-way flight FROM the UK.
You must book AND FLY THE OUTBOUND LEG of your 2-4-1 flight within two years of receiving the voucher. The voucher awarded with the free BA Amex only lasts for one year, which is a good reasons to pay for the Premium Plus version instead.
5. There is no minimum income requirement
American Express does not have a minimum income requirement. As long as you earn more than you spend, you have a good chance of being successful in your application.
6. You can give your partner a free supplementary card
American Express will let you issue a free supplementary card to someone else, allowing their spending to earn Avios for you and count towards your 2-4-1 voucher.
Obviously you are responsible for paying the charges on the supplementary card, which are added to your monthly statement.
7. You can earn 500 bonus Avios for giving someone a free supplementary card
On a regular basis, American Express will offer you 500 bonus Avios for issuing someone with a free supplementary card.
It makes sense NOT to order a supplementary card during your initial application. Wait until Amex offers you an incentive to request one.
8. American Express runs regular generous cashback offers
Once your account is up and running, you will receive generous cashback deals from Amex. These are typically on the lines of ‘Get a £10 statement credit when you spend £50 at Tesco’.
It is relatively easy to save over £100 per year with these offers.
9. American Express has excellent customer service including a UK call centre
10. American Express has a well-designed app
You can monitor you balance and make a payment via debit card at any time. The core business of American Express is credit cards, and they know how to run them properly.
The British Airways American Express Premium Plus card is an excellent product, mainly because of the 2-4-1 voucher. You only need to spend £10,000 in a year to trigger the voucher and you have two years to use it.
Throw in the excellent sign-up bonus of 25,000 Avios (worth £250 if used wisely) and the earning rate of 1.5 Avios per £1 spent is good and you have a great package which given an excellent return on your spending.
You can sign up for the British Airways American Express Premium Plus card, or find out more information, on the official website here.
Disclaimer: 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 and do not consider interest rates, service levels or any impact on your credit history. By recommending credit cards on this site, I am – technically – acting as a credit broker. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.