Lloyds Avios Rewards American Express & Mastercard Credit Card Review

AN OVERVIEW OF THE LLOYDS AVIOS AMEX & MASTERCARD 

This is my review of the Lloyds Avios Rewards American Express & Mastercard credit card.

The Lloyds Avios Rewards Credit Cards are issued directly Lloyds Bank. The cards come as a pack of two, so when you apply you’ll automatically be signed up to both card. This is useful when shopping at locations that may not support Amex.

I’d recommend checking your credit rating before applying for a new card. Generally you should have a rating in excess of 700+. Click here for a free Equifax credit report and score.  It’s free for the first 30 days and then £14.95 per month afterwards (make sure you cancel in the first 30 days!).

The annual fee for the Lloyds Avios Rewards Amex & Mastercard is £24.

THE SIGN UP BONUS – LLOYDS AVIOS AMEX AND MASTERCARD

There is no offer available via the Lloyds website or Avios.com.

Lloyds Avios Amex and Mastercard

 

WHAT ARE THE OTHER BENEFITS OF THE LLOYDS AVIOS AMEX AND MASTERCARD? 

You’ll receive double Avios points for the first 6 months of holding the card. The current earning rates (doubled in the first 6 months) are as follows:

  • American Express Card: 1.25 Avios per £1 spend
  • Mastercard: 1.25 Avios per £5 spend

A return flight upgrade voucher is also available when £7,000 is spent across the two cards. This voucher essentially lets one person book a return Avios redemption ticket whilst only paying for the class below. When I’m not traveling through work, I’m almost always traveling with friends or family and as such the one person upgrade is hard to use. However, the upgrade voucher can be used to upgrade two one-way tickets on the same flight. Make sure you book the tickets at the same time with the cardholder as one of the travellers. The voucher needs to be booked within a year of issue (not travel).  This cannot be used for Club World to First upgrades unfortunately.

No foreign transaction fees is also a major plus for this card. There are very few credit cards which provide this perk.

ANYTHING ELSE I SHOULD KNOW ABOUT THE LLOYDS AVIOS AMEX AND MASTERCARD? 

The card is issued directly by Lloyds Bank.

SUMMARY OF THE LLOYDS AVIOS AMEX AND MASTERCARD

This is the first ever card I applied for in my quest to accumulate Avios points. At that time the Lloyds American Express card was offering a higher sign up bonus and other American Express products had high annual earning requirements. The dual aspect (Amex & Mastercard) does make this combo very usable.

Double points in the first 6 months are useful if you have any large outgoings planned. Note that the card comes with a £24 pa fee. If you’d like a card that is completely free (for the first 12 months) and offers a higher sign up bonus I’d suggest the Amex Preferred Rewards Gold Card (see review here).

In all, this card provides a good entry level combo for those that are new to Avios as well as seasoned collectors who would benefit from the upgrade voucher.  If you’re traveling with someone else and would like to use the voucher, it’s possible to use the one voucher to upgrade two one-way tickets on the same flight.

If you’re serious looking to earn airmiles then these cards most probably aren’t for you.  I’d recommend using a combo of the free American Express Gold Card and the Hilton Honors Visa CardTake a look at my recent luxury free weekend in Rome which I obtained using both the Amex Gold and Hilton Honors Card (it includes step by step instructions so you too can benefit!).

I hope you’ve found the Lloyds Avios Rewards American Express & Mastercard credit card review useful and as always please do comment if you have any queries.  Please share this post if you think friends would be interested.

A link to the application form for the Lloyds Avios Rewards American Express & Mastercard credit card can be found here.