Our bottom line
This card offers reward points – and lots of them! With it, you gain access to the On Business Points reward scheme and the Avios rewards scheme. The card allows you to earn points at an accelerated rate: 2 On Business Points for every eligible £1 spent with British Airways and 1.5 Avios for every eligible £1 spent on everyday purchases.
On top of that, from 1 September 2021, for a limited time, American Express is offering new cardholders a welcome bonus of 60,000 Avios Points if they spend £5,000 in the first three months (subject to approval, T&Cs apply).
The card also offers a tiered Avios annual bonus, allowing cardholders to earn up to 30,000 bonus Avios Points per calendar year. For every £20,000 spent on the card, 10,000 bonus Avios Points will be awarded, up to 3 times each year.
Then there are all the benefits that come with having an American Express card, such as travel insurance, refund, and purchase protection, and 99 complimentary supplementary cards to help boost your business points total further. One thing to note though is that these benefits don’t come for free. The card carries an annual fee of £250.
Credit Rating Requirement: Good/Excellent
What I like about the British Airways American Express Accelerating Business Card
This card offers two reward currencies, a generous welcome bonus offer, a tiered Avios annual bonus offer, and the ability to share points. What’s not to like?
- Limited time welcome bonus offer – American Express often adds a little something to sweeten the deal in the form of a welcome award. With the British Airways American Express Accelerating Business Card, new cardholders can earn 60,000 Avios Points if they spend £5,000 in the first three months (subject to approval, T&Cs apply) – a great way to get that points total off the ground.
- On Business Points – On Business is British Airways’ complimentary loyalty programme for businesses. This card allows you to earn 2 On Business Points for every £1 of eligible spend with BA, and there is no cap on how many points you can earn. The points are obviously good news, but how you can use them is also extremely useful. The On Business scheme looks to provide flexibility for business travel. You can use your On Business Points to book a flight up to one day before you travel without incurring any penalty charges. Similarly, you can change, cancel or upgrade your flight booking outside 24 hours before the departure of your first flight with no extra charges or cancellation fees.
- Avios Points – Avios continues to be a popular reward scheme, and this card offers you the chance to earn 1.5 Avios for every £1 of eligible everyday spending. Once again, there’s the advantage that no cap on how many Avios Points you can earn. Your Avios can be redeemed against flights, flight upgrades, or even just used as part payment for a flight.
- Tiered Avios Points annual bonus – in addition to earning 1.5 Avios points on every £1 of eligible everyday spending, cardholders also get the opportunity to earn up to 30,000 bonus Avios Points annually. For every £20,000 spent on the card, cardholders will receive 10,000 bonus Avios, up to 3 times each calendar year.
- Supplementary cards – With this card you can request up to 99 complimentary supplementary cards for employees. Where American Express has sometimes fallen down before is that they only allowed a couple of complimentary cards to earn the same level of rewards and benefits. However, with this card, all supplementary card spend will contribute to the On Business Points and Avios balances. All On Business Points are stored in one central company account, meaning that they can be used to book flights for any individual who is linked to your business.
- Travel benefits – You would expect a card like this to come with some other travel benefits and it doesn’t disappoint. With this card, you get the added benefits of travel accident protection and travel inconvenience insurance.
- Protection – Being part of the American Express family definitely has its perks. Refund and purchase protection is one of them. With this card, items up to a value of £300 will be replaced or refunded by American Express if the retailer refuses to do so. Additionally, if something you have bought with your card is stolen or damaged within 90 days, American Express will replace, repair, or refund up to £2,500 per eligible item, giving you peace of mind when spending money using your card.
- Worth knowing – You can earn an extra 3,000 On Business Points annually when you spend £20,000 or more on your card membership anniversary.
What could be improved
This card has lots on offer, but it also has a couple of drawbacks.
- Fee – There is no getting around it, this card comes with a comparatively high annual fee of £250. However, for what you get in terms of rewards, extra benefits and support, it may be a fee worth paying.
- Credit product – This card is different from others in the American Express business card portfolio in that it is a credit card, not a charge card. With a charge card you are required to pay your balance in full each month, whereas with this card you will receive up to 56 days interest free (when you pay your balance in full). If anything is left on the card it will be charged at the purchase rate, which is slightly higher than the market average.
How does this American Express offer stack up?
In terms of rewards on offer, specifically travel-related rewards, it would be hard to find a card that could compete. Having two reward currencies makes this card stand out from the crowd before you even start to take into account the welcome bonus Avios points limited time offer, the tiered Avios points annual bonus and the ability to use On Business Points for anyone linked to your business.
In terms of business credit cards, the fee is at the top end of the market, as is the card’s interest rate. But considering the package you receive, especially if your company does a lot of business travel, this may well be worth it.
The British Airways American Express Accelerating Business Card credit score
American Express requires you and the business to have no history of bad debt. You must be aged 18 or over and be a UK resident.
To access the On Business benefits, your company must not be a travel agency, ticket brokerage firm or consolidator. Additionally, your company must not have an existing corporate incentive agreement with British Airways, Iberia or American Airlines.
How to apply
You can apply through the American Express website. The application will reportedly take less than 10 minutes, and you will receive a response in 60 seconds.
You will need to provide personal information, including your income and employment details. Your UK bank or building society account number and sort code may sometimes be necessary, so it’s a good idea to have these details to hand.
To have a good chance of being accepted for this card, you’ll need a good credit score. If you know your credit score is top-notch, then you can feel comfortable applying directly. If you’re not so sure, it may be worth using the eligibility checker that American Express provides on its site.
Is the British Airways American Express Accelerating Business Card a good choice for you?
If you are a business that does a lot of air travel and you’re looking to make that work to your advantage, then this card could be ideal. Its key selling point is that it offers access to not one, but two reward schemes, both of which have points that can be redeemed against flights, upgrades, and other travel benefits.
The annual fee is on the high side, and this is a credit product not a charge card, but the benefits that come with this card potentially offset concerns around the cost. A generous welcome bonus award, the tiered Avios points annual bonus, accelerated point yields, travel insurance, and refund and purchase protection all add up. It’s also important to remember that your business could take advantage of the 99 complimentary supplementary cards available to boost your reward balances even further.
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