Maximise your Avios, air miles and hotel points

Get 100% bonus Avios and a fee discount on foreign currency transfers with Midpoint

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A few weeks ago we ran an article on how you can earn Avios points when you make foreign currency transfers with Midpoint.  The company is a well-established Avios partner and feedback from HfP readers has always been positive.

For this week (in fact, just four days, until Friday), Midpoint is offering 100% bonus Avios on money transfers.

The company is also cutting its fee to just 30 bps (0.3%).

These offers are being promoted exclusively on HfP for new customers to Midpoint who undertake a transaction by Friday 4th June 2021.

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 26 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 point per £10 or equivalent currency and there is no maximum limit on the amount of Avios points you can earn.

Until Friday 4th June 2021, you can earn 2 Avios points per £10 or equivalent currency transferred if you are a new customer.

The service is available to both businesses and individuals.

The Avios points can be deposited in to these Avios programmes provided you have integrated your Avios membership with your new Midpoint account: British Airways Executive Club, Iberia Plus, AerClub and Vueling Club.

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.

For new customers this week, fees are fixed at 0.3% with a minimum of £5.

When you include the value of the Avios, your transfer is exceptionally cheap.  As a new customer, you would pay just £150 to transfer £50,000 into Euro, for example.

If you value the 10,000 Avios that you would receive at £100, it offsets 2/3rd of the fee and your net cost is closer to 0.1% over the interbank rate.

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

The terms and conditions of the ‘double Avios’ promotion can be found here.

Comments (24)

  • Andy says:

    Why did I read this after making a transfer to the US? Ahh well, maybe next time.

    • ChrisBCN says:

      Assuming you used Wise, I’m sure you still made the correct decision

  • Anuj says:

    It’s still slightly more expensive than wise, the exchange rate they give is a fair bit less than wise but the fees are similar around £4.70 vs £5 for sending £1000

    • Anuj says:

      This is for INR, they may be better for other currencies

  • Ian M says:

    Not sure why there’s so much negativity about this. I earned over 25k avios today and saved money on a transaction I would normally make with Amex.

    • Louise says:

      The negativity would be because you can do better – but a lot of people see it’s not worth messing here. Not too much in it, maybe. HFP needs income.

      Let’s leave it there – Louise.

      • Rob says:

        How can you do better? The fee is 30 bps, tax deductible so 45-50% saving for a higher rate taxpayer with their own business.

        Net cost is there 15 bps so £1.50 per £1,000.

        You get 200 Avios per £1,000, worth around £2.

        Midpoint is paying you if you have the tax arbitrage. This is straight maths.

        Even if you don’t have a tax write off, your net cost adjusting for Avios is 10 bps. Who else will move you money at 10 bps off the interbank rate? Again, this is straight maths. You just look silly by claiming otherwise.

  • B.K. says:

    I’ve been using them Midpoint purely for their Avios for a while now, and came across this site when I noticed extra Avios points for my transaction today. I simply do not understand how Midpoint can make any profit doing this as Rob already alluded to, unless they have some special deal with Avios /IAG Group. That said, it looks like it’s only for 1 week only. Certainly a great deal while it last…

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