This articles shows how you can earn Avios points when you make foreign currency transfers with Midpoint.
It has been 18 months since we last mentioned Midpoint on HfP and, as feedback about their rates is generally positive, I thought it was time we took another look at what they offer.
EDIT 2022: This article is now out of date. Midpoint ceased to be an Avios partner at the end of 2021.
What is Midpoint?
Midpoint is a UK-based platform for making international payments. It is FCA regulated.
The company can transfer funds to 55 countries in 25 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. I believe the cap is removable by negotation based on my past discussions with the CEO.
The service is available to both businesses and individuals.
Avios can be deposited into any Avios programme.
What are Midpoint’s fees?
Midpoint is fully transparent. You can get a quote on their home page here. Midpoint uses the interbank FX rate so the fee is the only expense you have – there is no FX spread.
Fees range from 0.3% to 0.5%, minimum £10, based on the amount transferred.
Whilst 1 Avios per £10 transferred may initially seem quite low, it is a decent return on your fee. You would pay £236 to transfer £50,000 into Euro, for example. If you value the 5,000 Avios that you would receive at £50, it offsets more than 20% of the fee.
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. Accounts will be approved within 15 minutes during office hours. Some additional documentation is required for business customers.
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.
The Midpoint website is here if you want to find out more.
How to earn Avios from UK credit cards (September 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:
There are two official British Airways American Express cards with attractive sign-up bonuses:
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.
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.
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.
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.
Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.