Huge 60,000 BA Amex Avios boost & fee refund news (UK CREDIT CARDS May 2024)

In Andy's monthly credit card update, he looks some big changes to the BA Amex credit card, Pro rata refunds and the best new offers and deals.
W A T C H N E X T
BEST SAVINGS: May 2024 update inc Chase bonus & Santander Edge hack
• BEST SAVINGS: May 2024...
#creditcards #amex #moneypodcast
00:00 Money Saving Expert Credit Club changes from Experian to Trans Union
01:56 Natwest BNPL card closing down
03:01 Big changes to the BA Amex Premium Plus credit card
06:35 Boosted Avios welcome offer for the BA Amex Premium Plus card
10:01 Amex Pro rata refunds policy extended again
11:28 Amex offering retention rewards
12:15 Amex Cashback card name change and offer
MORE
S U B S C R I B E / @becleverwithyourcash
N E W S L E T T E R - becleverwithyourcash.com/news...
(You'll also get a free Quidco bonus for signing up)
T W I T T E R - / beclevercash
I N S T A G R A M - / becleverwithyourcash
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W E B S I T E - becleverwithyourcash.com
A B O U T A N D Y
Andy Webb is a money blogger and journalist. He runs the award-winning website Be Clever With Your Cash, hosts the Cash Chats podcast, presented Channel 5’s Shop Smart Save Money and writes every month for Reader's Digest. Andy also founded the community ukmoneybloggers.com.
DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.

[@markellis3411]

Only use avios with a voucher, can normally get 2p per avios. That 60k I'd worth in the region of 1200 quid...as long as you can do the 15k, it's well worth it

[@JPnielsen]

Why've Amex removed the word "platinum"?

[@cryptoconfused3400]

Hi. I stupidly got a BA free card in Feb. Does this mean I can't get any sign on bonus on another AMEX card? Or is there another way I can stack? Or if I cancel the card now, will I be able to get the paid premium card? Please help, so confused!!!

[@bamsolconsulting]

Hi Andy, Appreciate if you could help please, I have BA Amex free credit card, can I get a welcome Avios bonus on any Amex card ?

[@kenlaing6683]

What about if you can spend 10k in the first month? Will you get the both the 60k bonus points AND the companion voucher straight away?

[@cordster515]

yes exactly that. then you can ask amex to downgrade your card to the free one and you'll keep the bonus points and companion voucher

[@arcmcm]

Andy that me received an email today from Santander saying “This is a reminder that the interest rate on your Easy Access Saver Limited Edition (Issue 3) will reduce from 5.20% AER/ 5.08% gross (variable) to 4.20% AER/ 4.12% gross (variable) on 20 May 2024. I do have savings waiting to pay off the house later at the end of the year due to retirement, What’s your thoughts ?

[@Ratgibbon]

I'm in the same situation, I'll move it in a stocks and shares ISA and buy money market funds with it. Those give you return near the base rate and they're super low risk. And since it'll be in an ISA I'll be sheltered from taxation. Not a financial advice, just letting you know what I'll do with my savings.

[@fireat40]

My partner and I have just opened Cahoot Sunny Day Saver. 1 joint and 2 individuals. 5.2% up to 3k only in each account. May not suit everyone but at least 9k is at same rates as Santander after 19 May 2024.

[@davidpascoe5842]

It takes too long to update when you clear your credits update your data

[@ashokauto003]

Hi Andy, Thank you for the information. I got my BA premium card last week, I already spent 3k on that card. If I downgrade the card to BA card before the statement date, will I get the 60k Avios point and the full refund of the fee ?

[@cordster515]

Hey mate check with customer service but yes you will get most of the annual fee back, sooner you downgrade the better, just make sure the 60k avios are in your account

[@ashokauto003]

@cordster515 Thanks, mate.

[@greigjduncan]

I'll be getting rid of mine now

[@travellingtom6091]

Terrible offers IMO.

[@Cat8395]

Are there any experiences of Amex being funny about downgrading the card after securing the intro offer ?

[@steveross4151]

🙌🏽🇬🇧🇬🇩

[@aboali8063]

😮😢😢😢