Maximise your Avios, air miles and hotel points

HfP EXCLUSIVE: Get 50%-100% bonus Avios and lower fees on FX transfers with Midpoint

Links on Head for Points may pay us an affiliate commission. A list of partners is here.

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 five days, until Friday), Midpoint is offering 50% or 100% bonus Avios on money transfers, depending on how much you transfer.

The company is also cutting its fee to just 30 bps (0.3%) for transfers over £1,000.

These offers are being promoted exclusively on HfP to new and existing Midpoint who undertake a transaction by Friday 2nd July 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 2nd July 2021, you can earn 2 Avios points per £10 or equivalent currency transferred if you transfer over £75,000, or 1.5 Avios per £10 if under £75,000. This applies to new and existing customers.

You can earn an additional 1,000 Avios if you mention ‘HfP’ or ‘Head for Points’ as your reason for signing up and complete your first transaction by Friday. You will be asked how you heard about Midpoint on your account set-up call. This bonus is only available to new customers.

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 £300 to transfer £100,000 into Euro, for example.

If you value the 21,000 Avios that you would receive at £210, it offsets almost 75% of the fee, taking your net spread down to well under 0.1% over the interbank rate.

(21,000 Avios for a £100,000 transfer = 1,000 Avios new customer bonus + 2 Avios per £10 transferred.)

If you can write off the Midpoint fee as a business expense, the value of the Avios should be MORE than the fees.

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 this bonus, which is only for HfP readers.

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 (27)

  • Viral says:

    May not be the right thread, but had a question Rob – what is the best strategy for someone who has triggered the 241 companion voucher in 2 months ?

    Can I cancel (get the 2 yr clock ticking) and get a supplement card in my name ? Will that allow me to book the reward flight ?

    Or should I just downgrade to the free BA card for the rest of the year.

  • Peter says:

    I signed up with Midpoint last time you promoted them and am very happy so far. Quick question, Rob: how does this offer work for existing members? (Perhaps this becomes clear during the order process, but since you mentioned it was exclusive to HfP readers I wonder whether a promotion code or something is required?)

    • Rob says:

      Honestly not sure. I would give them a quick call or drop them a note – you need to do that anyway to get the fee down to 0.3% assuming you are only moving a small amount. I can give you phone numbers if they don’t respond quickly.

  • wilsnunn says:

    Missed this one! I am about to transfer S$20,000 to the UK and this would have been a sweetener. I had been planning on doing it through HSBC Global Banking (where the money is now) but it is actually cheaper through Midpoint.

The UK's biggest frequent flyer website uses cookies, which you can block via your browser settings. Continuing implies your consent to this policy. Our privacy policy is here.