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BIG NEWS: BA Amex annual fee AND voucher qualifying spend to rise sharply

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American Express has announced some unwelcome changes to the two British Airways American Express credit cards today.

The fee for the Premium Plus card will increase to £300. This is effective immediately for new applications.

The annual spend required to receive a 2-4-1 companion voucher will increase to £15,000 in November. This applies to both cards.

BA Amex fee AND voucher qualifying spend to rise sharply

The British Airways Premium Plus fee will rise to £300

This is the easiest change to get your head around.

The fee for the Premium Plus card will increase from the current £250 per year to £300 per year.

The fee increase will apply:

  • from today, if you are a new applicant for the card
  • for your next renewal after 1st August, if you already have the card

This means that if your renewal date is in April, May, June or July, your card will renew at the current £250. You will not pay the higher fee until your subsequent renewal in 2025.

If your next renewal date is after 1st August 2024, you will pay £300 from your next renewal.

The 2-4-1 companion voucher will require £15,000 of spending

This change is more complex because it is NOT linked to your current card year.

From 1st November, you will need to spend £15,000 to receive a 2-4-1 companion voucher. This applies to BOTH the free British Airways American Express card and the Premium Plus version.

The change will kick in on 1st November for both new and existing cardholders.

This means that you are now under pressure to hit your current membership year spend target by 31st October. If you don’t, you’ll need to spend £15,000 instead.

Here’s an example. Let’s assume that you have the Premium Plus card and that your card year runs to 1st February. You will need to either:

  • spend £10,000 by 31 October 2024, or
  • spend £15,000 by 31 January 2025

…. to earn your next voucher. From 1st February 2025, when your membership year renews, you will need to spend £15,000.

BA Amex fee AND voucher qualifying spend to rise sharply

As a reminder, this is how the companion vouchers currently work:

  • the free British Airways American Express card awards a 2-4-1 companion voucher when you spend £12,000 in your membership year. The voucher is valid for one year for an Economy flight redemption on British Airways, Aer Lingus or Iberia.

What do we think?

The increase in the annual fee is not easy to justify. American Express is pointing to improvements in card benefits (the ability for a solo traveller to use it for a 50% Avios discount, the ability to use it on Aer Lingus and Iberia) but for 90% of cardholders these changes have no impact.

(The solo traveller benefit IS valuable, but by default most existing cardholders applied when the voucher was only usable by two people and don’t need this functionality. The ‘value’ in the solo traveller discount is all for the benefit of Amex, since solo travellers are now applying for the card when they wouldn’t previously.)

It will be interesting to see how many people decide that the maths no longer stacks up.

I am more amenable to the increase in annual spend. The card is now over 20 years old and the spend target for the Premium Plus voucher was £10,000 from the start. £10,000 in 2004 is equivalent to over £17,000 in 2024, so it is hard to argue with £15,000.

What should you do if you can’t spend £15,000 per year?

We’ll look at this in a separate article later in the week.

Fundamentally:

  • there is little value in having the free British Airways American Express card if you can’t spend £15,000 per year on it – it makes more sense to have the free American Express Rewards credit card or the free Barclaycard Avios Mastercard
  • there is absolutely no value in having the Premium Plus card (beyond the first year and the big sign-up bonus) if you can’t spend £15,000 to earn the voucher. This isn’t up for discussion.

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

In 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:

Barclaycard Avios Plus card

Barclaycard Avios Plus Mastercard

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

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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.

American Express Preferred Rewards Gold

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

British Airways American Express Premium Plus

30,000 Avios and the famous annual 2-4-1 voucher Read our full review

The Platinum Card from American Express

80,000 bonus points and great travel benefits – for a large fee Read our full review

Virgin Atlantic Reward+ Mastercard

18,000 bonus points 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:

American Express Business Platinum

50,000 points when you sign-up and an annual £200 Amex Travel credit Read our full review

American Express Business Gold

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

Capital on Tap Pro Visa

10,500 points (=10,500 Avios) plus good benefits Read our full review

Capital on Tap Visa

NO annual fee, NO FX fees and points worth 1 Avios per £1 Read our full review

British Airways American Express Accelerating Business

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

Comments (623)

This article is closed to new comments. Feel free to ask your question in the HfP forums.

  • Occasional Ranter says:

    500th 😉

  • Jet says:

    501!

  • Martin S says:

    I’ve held the BAPP for a number of years and got some good value from it, but for me its value has decreased sharply lately. This is because it’s become very hard to find availability for the places and times that I want to go, except short haul where the surcharges are practically the same price as a cash ticket anyway. As such I’ve let a few 241s expire, so the annual fees for now say £600 for me per voucher if I only use every other one. On that basis, the fee and target should NOT rise with inflation. If anything, the fee should be cut to reflect how the cards usefulness has declined for me.

    I would be happy with this increase in annual fee and spending target, and even a larger increase than what is proposed, if they opened up more availability on popular routes.

    Although it won’t affect me personally, moving the goal posts mid year is a scummy business practice. One of the reasons to hold an AmEx is supposed to be the better customer service where they don’t do shady stuff like this. A pro rata refund doesn’t really cut the mustard. It’s not as if that spend can be retrospectively put on another card. The only honourable thing to do is make the new rules apply when people’s next card membership year starts.

    • Rob says:

      Availability with the ‘extra’ Club seats for BAPP holders is pretty good.

      • Erico1875 says:

        Yes. Per my reply yesterday’s chat forum. Specific dates, 5 CW to LAX and 8 back from SFO that are not available without a 2 4 1

      • Anne says:

        Agree with this and we’ve benefitted from it twice now. We were able to upgrade our return 241 leg from Dubai at new year thanks to I class availability opening up when all standard Avios seats had gone. We’ve also been able to switch a Miami Club return flight to Orlando recently, we’d changed our holiday plans since we’d originally booked the flight and the ability to access I class availability with the 241 made this possible.

  • Gary says:

    Sorry, I have not read all the comments as I am in Jamaica on questionable WiFi.
    I read an article saying that the taxes on avios club tickets had gone from £350 each to £900 each? So £1400 to £3600 for a family of 4. This increase plus the yearly fee and increased spend, no longer makes this card deliver the value it used to? Sure to god?

    • Josh B says:

      The surcharge is if you use Avios to upgrade – it’s effectively a £200 increase. If you use Avios to book the whole flight it’s still £350 each.

    • Rob says:

      Er, no.

  • Mhairi says:

    Looks like we’ll be cancelling one of our cards.
    The new fees and spend required not going to work for both of us.

  • BJ says:

    I’m wondering if there’s something up eith the ongoing pro rata refund saga, either amex are just afraid of doing it or something is preventing them doing it. I am thinking it is increasingly unlikely to happen and amex are now more focused on tightening things up with rule changes line those we have seen yesterday and previously. Given their small market share in the UK however there must be a limit to how far they can go with all these changes we have seen in the last 2 or 3 years.

    • Rob says:

      If you can’t get a fee refund it becomes hard to change the rules mid-year. It will have a cost to Amex.

      • Josh B says:

        Agree. A full refund is warranted. If you are cancelling (and if Amex aren’t offering this when they inform you of the change) then ask for it. If refused tell the agent you wish to raise a formal complaint. They will then need to investigate and formally reply. You can then complain to FOS if unhappy and I’d say your chances there are decent.

    • JDB says:

      @BJ – I had already highlighted here some weeks ago that an impending BAPP price increase (after Plat & Gold) was a one likely cause of deferring implementation of no pro-rata refunds. The other outstanding issue is for Amex to confirm Plat dining and HN credits will continue into 2025.

      Virgin made changes to its cash type transaction charges but took over a year to implement them but I’m sure Amex will implement them as soon as they can; their inability to do so to date looks pretty incompetent and certainly the number of smash and grab punters taking advantage of the 100k Plat offer will have been very costly.

      • Josh B says:

        You may have a better insight in this than I but I’d be surprised if the number of motivated switchers was that significant compared with the inertia of those who justify it with the idea it more or less covers its own costs

      • TGLoyalty says:

        This forum and its comments aren’t representative of the whole market. But even here you see plants of people that haven’t smash a grabbed big bonuses and are still holding the card.

      • BJ says:

        Wasn’t just that, having took the 100k they then banked retention bonuses of around 50k before cancelling. As a former serial vhurner ( albeit never holding any card for less than 6 months) and someone who has never asked for a retention bonus ever I feel embarassed at the scale of what some have done in recent years. It just foes not feel fair play but then amex have only themselves to blame for continuing to allow it.

        • TGLoyalty says:

          Continuing to reward loyalty? I’ve had 3 retention bonuses and not churned … just happily keeping the cards as do many others. Maybe they need to fix the system so it doesn’t offer serial churners retention offers

  • Finn says:

    I’ll probably hang on to both cards. The Platinum more or less covers its cost and the 2-4-1 has taken us on some marvellous holidays. While it’s not the best use of a 2-4-1 we are flying GLA-LGW-ACE in CE this year for £4 (and a whack of Avios). Now, it does mean a whole day travelling, but I do like the LGW lounge 🙂

  • Richie says:

    By doing this aren’t they creating a gap in the market that may now need filling? A card with a £240 fee and £9k spend?

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