When Avios launched the ability to transfer points to Nectar, I warned that it would lead to serious security issues. After all, there are lots of British Airways Executive Club account details and passwords for sale on the dark web. The only reason we hadn’t seen more accounts hacked is that it was difficult to spend stolen Avios in an untraceable way.
Once you could instantly transfer Avios to Nectar, this all changed. Suddenly a hacked Avios account had real value. You can guess what happened next, and if you can’t guess then read this Sunday Times article which I helped to put together (paywall).
For over two years there has been a 10 day ‘security delay’ on transfers from Avios to Nectar. This has now been removed. Transfers from Avios to Nectar are now instant again.
I tried it out and it definitely works. ‘Instant’ means ‘instant’. If you refresh the Nectar app as soon as you’ve clicked the ‘Transfer’ button at ba.com, you will see your points there.
As a reminder, the exchange rate between Avios and Nectar is:
- 300 Avios = 400 Nectar points
- 400 Nectar points = 250 Avios
- you cannot move Avios back and forth to Nectar without penalty – if you reverse a conversion into Nectar, you will end up worse off than when you started. 300 Avios = 400 Nectar points = 250 Avios.
- the ‘floor value’ of an Avios if you transfer out is 0.66p (300 Avios = 400 Nectar points = £2 to spend with a Nectar partner)
How do you transfer Avios to Nectar points?
You start on the British Airways Nectar page as usual – click here which has all the key information.
You are then sent across to the BA shopping site, where you can make a transfer in either direction between your Avios and Nectar accounts.
It is also possible to set up auto-convert in either direction.
Think once, think twice!
The number of conversions FROM Avios to Nectar has – unfortunately for IAG Loyalty – been far higher than anticipated. The pandemic didn’t help of course. With no ability to fly, cashing out to spend at Sainsbury’s, Argos or eBay.co.uk was attractive.
This is why the conversion rate was cut. It used to be that 250 Avios got you 400 Nectar points worth £2 (so 0.8p per Avios). Now, 300 Avios gets you 400 Nectar points worth £2 (so 0.66p per Avios).
In an attempt to cut the flow ever further, look at the begging message that you now get when doing a transfer – to proceed, you need to click the line in small print.
What the message fails to say is that using Avios for ‘seats, baggage, hotels and car rental’ will get you a lower pence per Avios (0.5p to be precise) than the Nectar transfer!
How to earn Avios from UK credit cards (December 2023)
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. These points convert at 1:1 into Avios.
SPECIAL OFFER: Until 9th January 2024, you will receive 30,000 Membership Rewards points (convertible to 30,000 Avios) with American Express Preferred Rewards Gold. You receive 25,000 points if you spend £3,000 in three months and a further 5,000 points if you hold the card for 15 months. You can apply here.
SPECIAL OFFER: Until 9th January 2024, you will receive a huge 100,000 Membership Rewards points (convertible to 100,000 Avios) with The Platinum Card. You receive 75,000 points if you spend £10,000 in six months and a further 25,000 points if you hold the card for 15 months. You can apply here.
American Express Preferred Rewards Gold
Your best beginner’s card – 30,000 points (TO 9th JANUARY), FREE for a year & four airport ….. Read our full review
The Platinum Card from American Express
Crazy 100,000 points (TO 9th JANUARY) and a huge range of valuable benefits – for a fee Read our full review
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 10,500 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.