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Amazon to close its two UK Mastercard credit cards

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Some HfP readers are likely to have an Amazon Platinum Mastercard which they have been using where American Express is not accepted.

You didn’t earn any miles or points, but the cashback reward (paid in Amazon credit) was in line with the best options available.

Amazon and NewDay, the card issuer, have now agreed to part ways. It seems that NewDay negotiated a good deal when it agreed its original contract, because it is retaining the cardholder base.

Amazon to close its two Mastercard credit cards

All cardholders will be swapped to a ‘NewDay Pulse’ card in January 2023. This will be a cashback card, paying a very generous 1% for your first three months and then 0.25% thereafter.

The only snag is that cashback will be capped at £150 per year, albeit that you would need to be spending £60,000 per year to earn that.

This is comparable to what you currently receive. At present:

  • Amazon Platinum cardholders get 0.25p for every £1 spent outside Amazon, paid in Amazon credit (Amazon spend earns 0.75% back for general customers and 1.5% back for Prime members)
  • Amazon Classic cardholders – which hopefully don’t include any HfP readers – don’t earn any rewards (!) but do get an Amazon voucher for signing up

On the face of it, you might be tempted to stick with the NewDay Pulse replacement card. I don’t recommend that.

Bizarrely, the most generous cashback Visa or Mastercard in the UK is now the new Barclaycard Avios Mastercard.

You earn 1 Avios per £1 spent. You can transfer these to Nectar at the rate of 1 Avios = 1.6 Nectar points. As 1 Nectar is worth 0.5p, you are getting (1.6 x 0.5p) 0.8p of Nectar points for every £1 you spend.

This is triple the return of the NewDay Pulse card or the current Amazon Platinum Mastercard.

Our full review of the Barclaycard Avios Mastercard is here and you can apply here. That said, it makes more sense to get the paid card with a 25,000 Avios bonus and then trade down to the free version later. Our review of the paid Barclaycard Avios Plus Mastercard is here.

Want to earn more points from credit cards? – May 2022 update

If you are looking to apply for a new credit or charge card, here are our top recommendations based on the current sign-up bonuses.

In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards. You qualify for the bonus on these cards even if you have a British Airways American Express card:

Barclaycard Avios Plus card

Barclaycard Avios Plus Mastercard

25,000 Avios for signing up and an upgrade voucher for spending £10,000 Read our full review

Barclaycard Avios card

Barclaycard Avios Mastercard

5,000 Avios for signing up and an upgrade voucher for spending £20,000 Read our full review

You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.

The Platinum Card has doubled its sign-up bonus to 60,000 Membership Rewards points, which convert to 60,000 Avios or other airline miles, if you apply by 1st June 2022.

British Airways BA Premium Plus American Express Amex credit card

British Airways American Express Premium Plus

25,000 Avios and the UK’s most valuable card perk – the 2-4-1 voucher Read our full review

American Express Amex Gold

American Express Preferred Rewards Gold

Your best beginner’s card – 20,000 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 (SPECIAL OFFER) and an unbeatable set of travel benefits – for a fee Read our full review

Virgin Rewards Plus credit card

Virgin Atlantic Reward+ Mastercard

30,000 points bonus (SPECIAL OFFER) and 1.5 points for every £1 you spend Read our full review

Earning miles and points from small business cards

If you are a sole trader or run a small company, you may also want to check out these offers:

Amex Platinum Business American Express

American Express Business Platinum

40,000 points sign-up bonus and a long list of travel benefits Read our full review

American Express Business Gold

20,000 points sign-up bonus and free for a year Read our full review

British Airways Accelerating Business American Express card

British Airways Accelerating Business American Express

30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review

Capital on Tap Visa card

Capital On Tap Business Rewards Visa

10,500 points bonus – the most generous Avios Visa for a limited company Read our full review

For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.

Barclaycard Select Cashback credit card

1% cashback (3% on business travel for four months) and no annual fee Read our full review

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