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Get 50% bonus Avios on foreign currency transfers with Midpoint

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Last month we did an article on how you can earn Avios points when you make foreign currency transfers with Midpoint.

For this week (in fact, just five days, until Friday), Midpoint is offering 50% bonus Avios on money transfers.

This offer is primarily for existing clients and is not being aggressively promoted to new customers, but they will receive it.  Midpoint has specifically given us permission to mention it.

How to earn Avios with Midpoint

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 standard 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.

Until 30th April, you will receive 1.5 Avios per £10 transferred.

The service is available to both businesses and individuals.

Avios can be deposited into any Avios programme.

How to earn Avios with Midpoint

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.  During this special offer, you would receive 7,500 Avios for a £50,000 transfer.

Avios wing 9

How do I register to earn Avios with Midpoint?

You can register as an individual or a business on this page of the Midpoint site.

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, although it doesn’t mention the 50% bonus offer.

The Midpoint website is here if you want to find out more

IMPORTANT: The Midpoint home page does not mention the 50% bonus Avios offer, because it is primarily aimed at existing clients.  You can see that it exists by reading their terms and conditions here and scrolling down to Clause 15.


How to earn Avios points from UK credit cards

How to earn Avios from UK credit cards (October 2021)

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

There are two official British Airways American Express cards. Both have increased sign-up bonuses until 2nd November 2021:

British Airways BA Amex American Express card

British Airways American Express

10,000 Avios for signing up, no annual fee and an Economy 241 voucher for spending ….. Read our full review

British Airways BA Premium Plus American Express Amex credit card

British Airways American Express Premium Plus

40,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review

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

Nectar American Express

American Express Preferred Rewards Gold

Your best beginner’s card – 30,000 points, FREE for a year & two airport lounge passes Read our full review

American Express Platinum card Amex

The Platinum Card from American Express

60,000 points and an unbeatable set of travel benefits – for a fee Read our full review

The 30,000 points bonus on Amex Gold runs to 9th November 2021. The 60,000 points bonus on The Platinum Card runs to 2nd November 2021.

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:

Capital On Tap Business Rewards Visa

The most generous Avios Visa or Mastercard 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. This card has a limited time offer of 60,000 Avios when you sign up:

British Airways Accelerating Business American Express card

British Airways Accelerating Business American Express

60,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios 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.

(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.)

Comments (12)

  • Samuel says:

    A quick comparison with Wise.com learns me that a 50K transfer to Euro wit them would cost £174.59 (0,35%) so the end result is:
    Wise: 50K –> 49,825.41 GBP –> € 57,359.51
    Midpoint: 50K –> £49,763.57 — > € 57,298.30
    Even with bonus Avios, Midpoint is clearly more expensive. Always look out if the Avios bonus is worth the higher price.

  • ChrisW says:

    I’ve been using Currency Fair for years because I like the simplicity of it and they have low fees. I checked this vs Midpoint and Midpoint comes out slightly cheaper even though MP has higher fees because MP is offering a slightly better exchange rate.
    Thanks for this offer – I think I’ll switch. The bonus Avios are the cherry on top!

    • ChrisBCN says:

      Hace you checked the rates for Wise though? You may find that even better.

  • Alex says:

    I used to use transferwise for all things FX. But 3 years or so ago I started using Revolut instead which doesn’t charge any fees and it saved me lots of money in the meantime. Sadly the fee-free allowance was recently lowered to 1000gbp per month, so I subscribed to their premium tier which still has unlimited free FX at 6.99 a month. Can take the saved money from FX fees and buy an economist subscription to make up for the missing avios (and get a decent magazine too).

    • BuilBackBetter says:

      Fees is just one part of the cost. Are the rates competitive compared to Wise?

      • peter says:

        Yes, you literally won’t lose a penny sending it there and back within seconds, so it goes with average exchange rate. One downside of Revolut is that it is some weird bank alike structure relying on Bank of Latvia to support millions of customers worldwide.. I would happily use them to transfer up to £1000 but anything larger than this something more trusted like CurrencyFair.

        • Magic Mike says:

          Each to their own, but I won’t be trusting tens of thousands to Revolut, even just for a currency conversion…

        • KBuffett says:

          Revolut are not a bank. They call themselves an e-money institution.
          I have this from them I writing.

          • ADS says:

            And if the Revolut app stops working on your phone, there is zero backup.

            No telephone line, and the website is only useful to view transactions – you can’t actually initiate transactions on it.

  • John A says:

    I transfer GBP home to USD every month and compared £1000 to USD on Wise versus Midpoint, and the fee on Midpoint was £10 GBP and on Wise only £3.49. Nice if for some reason you couldn’t use Wise, but certainly not worth the Avios

  • TJ says:

    They are more expensive than Wise and you don’t actually get the price on screen. They call back with a matched price which invariably – in my experience – ends up being worse than the original price shown on screen.

  • ADS says:

    5,000 eur to GBP

    4,330.81 on Wise
    4,323.88 on MidPoint plus 649 avios

    Wise still better value

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