Posts in the “Lloyds TSB” category...
If you’re UK based and you want to boost your Avios balance through credit card spend, then your headline choice is between a British Airways American Express card product, or a Lloyds TSB Avios Duo product. When it comes to join-and-spend bonuses, there’s not much of a contest usually – the British Airways-branded cards tend to be significantly more generous to new cardholders.
That situation has just changed however, with the announcement that new Lloyds TSB Avios Duo cardholders will be in line for a 15,000 Avios bonus when they spend a minimum of £500 in each of the first three months of membership. New holders of the £50pa fee Premier Duo card could increase that bonus to 20,000 Avios. And, if you apply through consumer cashback site Quidco, then a successful application should also yield an additional £20 of cashback.
The LTSB cards are branded ‘Duo’ to reflect their twin-card status. Successful applicants will receive two cards which hang off the same account – a MasterCard and an American Express card. The MasterCard provides an extra level of spending flexibility for when a merchant doesn’t accept AmEx, but the MasterCard earning rates (more about which later) are a little grim.
Back to the bonus Avios though, and it’s some time since Lloyds TSB has been so generous; until the end of March their joining bonus was a slightly-confusing Avios ‘voucher’ which didn’t in itself add to existing balances, had an expiry date and had to be used in full for a booking which included a flight and hotel stay.
No such restrictions from now until the advertised 15th September deadline though – the Avios on offer here are just like any others and can be used, combined and moved in exactly the same way as those earned from other sources.
LTSB haven’t completely found their heads though and there are a couple of headline Ts&Cs which should be borne in mind:
1. The £500 monthly spend must be made on the Duo American Express card. spend on the Duo MasterCard won’t qualify for bonus Avios.
2. Anyone who has ever held a Lloyds TSB Airmiles or Avios card is excluded from the bonus opportunity.
In the longer term, the earning rate on the Duo MasterCard renders it less attractive than other options at 0.2 Avios per £ spend. The Premier card offers a 25% uplift, but still isn’t startling. So, it’s the joining bonus that’s definitely the prize at the moment.
To apply for the card, don’t forget to first register with or log in to Quidco for the £20 cashback offer.