You are here: Home - Credit Cards & Loans -

Airmiles hit the rewards runway and jet off for Lloyds TSB

Written by:

NatWest credit card customers participating in the Airmiles reward scheme will now have to switch to Lloyds TSB to continue earning points.

Lloyds TSB won the contract to run the scheme this week and from 1st June it will be customers of Lloyds TSB’s new Duo card who will earn the points. However, they will see a doubling of the reward rate as the new operators will offer one point for every £10 spent, whereas it used to be one point for every £20.

NatWest customers who have accumulated points so far will keep their entitlement if they do not switch providers. The bank is also replacing the Airmiles scheme in June with a rewards programme where customers earn one point for every pound spent on Easyjet flights or to book a holiday with ebookers.

But this incentive is only available free to customers who spend at least £1,000 a month and who were part of the previous Airmiles schemes. Everyone else will have to pay £3 a month to be a member of the scheme.  

To qualify for a return flight to Paris you would have to spend £4,000 with Lloyds TSB Airmiles or £4,300 on the new NatWest scheme.

Frequent flier and Lloyds TSB customer Steve Bright said: “Quite honestly, I don’t factor these things into my planning when spending money. I’ll take advantage of the scheme, of course, but I won’t be worrying too much about it.”


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Watchdog gets its teeth into UK current accounts and banks

The Office of Fair Trading (OFT) has launched a far-reaching investigation into the UK banking sector, especially the charges applied...