June 2024’s credit card & BNPL news & round-up

The latest news to help you get the most from your credit card.

Here’s my monthly update sharing changes for leading UK credit cards, as well as some of the relevant articles you might have missed on the blog.

June’s credit card & BNPL update video

I go into more detail on some of this month’s updates in this video.

June’s credit card & BNPL news

BA Amex bonus tracking issues

We’ve seen reports in our Facebook group of customers not receiving the boosted 60,000 BA American Express Premium Plus bonuses, even though they claim they’ve gone through the correct process. Instead they’re receiving the standard 25,000 points.

We’re investigating to see if this is an issue or just human error, but in the meantime do check to see how many points you have been awarded if you took advantage. The offer ends 11 June 2024 and you can see more details here.

Yonder expands outside London

One of the issues with reward credit card Yonder is you could only use your points in London. Well, it’s now also got partners in Manchester, Bath and Bristol.

We wrote a little about the free tier of Yonder in our March update, or you can read customer reviews at Smart Money People, where it’s scored 4.99 out of 5 from users.

Last chance to vote in the Consumer Credit Awards

You know what we think about many credit cards, but which ones do you love or hate? If you want to share your opinions now is the time to do it, as all your votes in the Consumer Credit Awards will be entered into a prize draw to win £1,000 (full terms here).

It’s run by our sister site Smart Money People, and we’ll report on the winners later this summer. The deadline to vote is 18 June 2024.

June’s credit card special offers

Santander Edge credit card: £18 bonus

Apply for the Santander Edge credit card before 2 July 2024 and you’ll get an £18 bonus. You’ll need to also have either the Edge or Edge Up current account and set up a direct debit to pay off the card before 2 August 2024.

Then as long as you still have both the credit card and current account by 13 August 2024 you’ll get the money by 22 August as a credit to your card. The £18 is the equivalent of six months of the card’s £3 monthly fee.

The card itself pays up to 2% cashback on spending, and we’ve reviewed it here. If you don’t already have the required current accounts there’s a switch offer available right now worth £175 – if not more!

Asda Money: get up to £50 back in Asda Pounds

If you open a credit card with Asda Money by 15 July 2024 then you can get 5% for 90 days back on Asda spending in your Cashpot, up to £50.

After 90 days it drops to 1% on your Asda spend. From day one you’ll receive 0.3% everywhere else.

This is only available for new customers, or those who’ve not had an Asda credit card in the last 12 months. You’ll need to stay within the terms of your credit agreement to get the Asda Pounds.

Amex Gold boosted offer: earn up to £210

The American Express Preferred Rewards Gold credit card welcome offer is boosted again, this time from 20,000 Amex points to 25,000. You can improve this to 30,000 by using a referral link, but it’s better to go via Quidco or TopCashback where there’s up to £70 available. Combined that’s worth £210.

You can also earn a further 5,000 points (worth £25) if you stay past the first year. But since you’ll then be paying the huge £195 annual fee (it’s free in the first year), I don’t think it’s worth it. Here’s our full analysis of all parts of the offer.

Amex Cashback drops fee in first year

For the third time this year, American Express has offered an incentive for the Amex Cashback cards. There’s still a £10 for the Cashback Everyday card, and now a £25 discount for the Cashback card. This is on top of the usual 5% introductory cashback. And these can be stacked with further cashback from TopCashback or Quidco. All the details in our Amex deals page.

Amex: boosted refer-a-friend rates for both

A final Amex offer sees the refer-a-friend links boosted for all cards. Though for new applicants you’re probably better off going via a cashback site, if you’re in a couple and you’re referring your other half then it’s worth seeing if you’ll be better combined via this route.

As a referer, they’re most interesting for the Membership Reward cards, where not only will you get more points when someone signs up via your link, you’ll also get double points on your spending. That effectively gives you 1% back as an existing card holder for a short time, going up to 1.25% for the Gold, thanks to it’s bonus system.

Card	Usual bonus (cardholder)	Boosted bonus (cardholder)	Usual bonus (new applicant)	Boosted bonus (new applicant)	Ends
Platinum	12,000	18,000 & 2 points per £1 for 3 months on first £15,000 spent	45,000	60,000	2 July 2024
Preferred Rewards Gold	9,000	14,000 & 2 points per £1 for 3 months on first £6,000 spent	22,000	30,000	16 July 2024
Reward	4,000	6,000 & 2 points per £1 for 3 months on first £3,000 spent	12,000	12,000	2 July 2024

This month’s best credit cards

As always when talking about credit cards the best credit card for you will depend on your credit report and why you need one. Make sure you read my rules for having and applying for a credit card.

But assuming you’ve got a great credit report, don’t need one to clear existing debts and will clear the balance completely each month, these are my top picks: