Amex increases companion spend plus annual fee
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Forums › Payment cards › American Express › Amex increases companion spend plus annual fee
American Express announces two big changes to British Airways credit cards
American Express has announced two major changes to its British Airways credit cards which help customers collect Avios points towards flights.
From November, the amount that BA Amex and BA Amex Premium Plus card holders will need to spend every year to get “two-for-one” companion vouchers will rise to £15,000.
That’s a £3,000 rise in the minimum annual spend for Amex customers and £5,000 for Amex Premium Plus.
The companion vouchers mean customers can grab a second seat for someone travelling on the same flight, or a 50% discount on the Avios price of a solo flight.
iStock
iStock
That’s not the only change, however, as American Express is also hiking the annual fee for its Amex Premium Plus card from £250 to £300 – an inflation-busting 20% increase.
The fee increase applies from today for new applicants. Existing cardholders will be hit with the rise for renewals from 1 August onwards.
Meanwhile, the US bank said the qualifying spend for companion vouchers will start from 1 November regardless of when membership is renewed.
That means some current customers may need to race to hit the lower minimum spend by 31 October.
American Express told consumer champion Which? that it occasionally makes changes to cardholders’ account terms. A spokesperson said the companion voucher “remains an industry-leading credit card benefit”, while both cards “continue to provide great value for customers”.
AI?
A lazy copy and paste from a very late to the party flyertalk thread. Impressive to miss the BIG NEWS article at the top of the main HfP page…
AI?
A lazy copy and paste from a very late to the party flyertalk thread. Impressive to miss the BIG NEWS article at the top of the main HfP page…
What’s the feedback on FT on these changes? Are they happy there will be less vouchers issued in the future?
The second post on their thread is a link to the HFP article 😂
Copy and Paste from Sly News . . . no pun intended . . . given the recent comments on the HfP article 🙂
What’s the feedback on FT on these changes? Are they happy there will be less vouchers issued in the future?
You can read for yourself
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