Bank-Offered Travel Perks That Could Save You Money – Are You Missing Out?

There are significant money-saving benefits for travelers being offered by banks, which you might be overlooking as you spend freely!

Various financial institutions throughout the nation provide incentives such as complimentary travel insurance bundled within package deals and rebates on accommodations, all aimed at rewarding customers purely for their decision to bank with these establishments.

Here are the British bank accounts providing the top travel perks available today...

CASHBACK ACCOUNTS

NATWEST

With Natwest's Travel Rewards credit card, account holders can get one per cent cash back on spending on everything from flights, train journeys, car rental, ferries, buses, hotel accommodation, travel agents, cruises and campsites.

Customers have the opportunity to earn rewards of up to 15 percent, which they can later convert into cash or electronic codes redeemable at chosen retailers such as Booking.com, National Express, and Enterprise.

With this rewards card, there isn't a cap on the amount of cash back you can accumulate.

Without any yearly charges or fees for transactions made outside of Canada, this card might offer a simple method to earn rewards on your purchases.

AMERICAN EXPRESS

American Express offers a variety of banking options for clients looking to accumulate miles and rewards through their purchases.

The Preferred Rewards Gold card is ideal for those just beginning with Amex since it waives the annual fee during the first year. For each pound you spend, you earn one point and can accumulate up to 12,500 bonus points annually depending on your overall expenditure.

When you join, you also get a sign-up bonus, which has been increased from 20,000 Membership Rewards points to 30,000 points when you spend £3,000 within three months, so act fast if you want to scoop all those extra points.

Additional benefits consist of four complimentary airport lounge passes along with £120 worth of Deliveroo credit.

However, the cost of this account does go up to £195 from the second year.

In the meantime, the American Express Platinum Card has an impressive yearly charge of £650, however, this might be justified due to the extensive range of benefits it provides.

This account awards you with 80,000 Membership Rewards points once you've spent £10,000 within six months. The promotion is valid until May 27, 2025.

Using this account, you will receive two Priority Pass cards, granting entry into over 1,400 airport lounges, along with top-tier status across four key hotel reward programs.

Included as well is extensive travel insurance, along with an annual restaurant credit of £400 and a biannual Harvey Nichols credit of £50.

The most favored Amex card is the British Airways American Express card because it has no annual fee, and you earn one Avios for every £1 spent – along with additional benefits. Companion voucher allowing you to reserve two seats with British Airways, Iberia, or Aer Lingus for the cost of one, upon spending £15,000 within your account year.

A lone traveler can get a 50 percent discount on their ticket as well.

British Airways It also provides an American Express Premium Plus card through which you can earn 30,000 Avios aviation points upon spending £6,000 within 90 days.

For each pound you spend with British Airways and BA Holidays, you will receive three Avios points.

With an annual charge of £300, the British Airways American Express Premium Plus card provides you with 30,000 Avios points after spending £6,000 within 90 days. Additionally, it awards you 1.5 Avios points for each £1 spent generally and triples your Avios earnings to three points for every £1 spent specifically at British Airways.

In the meantime, devoted patrons of Marriott Hotels might want to consider getting a Marriott Bonvoy American Express card.

For an yearly charge of £95, you have the opportunity to gain two Marriott Bonvoy points for each pound spent or accumulate up to six points per pound when staying at any Marriott properties.

Upon signing up, you will receive 20,000 hotel points after spending £3,000 within the first 90 days.

BARCLAYS

The Barclaycard Avios Mastercard offers an excellent method for accumulating Avios as you make purchases – plus, it’s free to use.

Sticking £1,000 into your account within the initial 90 days will earn you 5,000 Avios, and thereafter, you’ll receive one reward point for each additional pound spent.

If your spending reaches £20,000 within a card year, you will receive an Avios upgrade voucher. This voucher can be used to upgrade two British Airways flights.

In the meantime, for an yearly charge of £240, you can obtain the Barclaycard Avios Mastercard Plus, which provides 25,000 Avios points once you've made purchases totaling £3,000 within 90 days and gives you 1.5 Avios points for every subsequent pound spent.

You just need to spend £10,000 on your credit card within a year to receive the Avios upgrade voucher.

VIRGIN

For travelers choosing Virgin Atlantic over British Airways, the Virgin Atlantic The Reward Mastercard is an excellent choice since it comes with no annual fee and provides 3,000 Virgin Points following your initial purchase.

Starting from now, customers will be able to accumulate 0.75 Virgin Points for every pound they spend or opt for 1.5 points for each pound spent with Virgin.

Once you reach a spending of £20,000 within a year, you become eligible for a rewards voucher worth up to 150,000 Virgin Points. These points can then be redeemed toward purchasing a companion ticket when booking either a paid or reward flight.

Individuals who agree to pay £160 annually for the Virgin Atlantic Reward+ Mastercard will receive 18,000 points following their initial purchase.

After that, they'll earn three points per £1 spent with Virgin Atlantic and only have to spend £10,000 in a year to reap the above reward voucher.

PACKAGED ACCOUNTS

VIRGIN MONEY CLUB M

Packaged accounts offer customers a bank account and insurance, including travel insurance for a fee.

The Virgin Money Club M boasts some of the lowest annual fees at merely £150, providing coverage for the entire family.

At this price point, it provides global family travel insurance for clients up to the age of 74, covering couples along with their four children aged 18 and under, plus UK and European roadside assistance specifically for the policyholder.

This option enables several global journeys and comes with coverage for winter activities, weddings, and golf.

The household members will be covered for up to £2,000 per individual’s electronic devices such as smartphones, tablets, and laptops against various mishaps including thefts overseas or even accidental water damage during a seaside vacation.

The benefits amount to approximately £500 if purchased individually, and since there’s no required initial investment, joining Virgin Money Club M offers substantial savings.

CO-OP BANK EVERYDAY EXTRA

For senior pairs, The Co-Op Bank Everyday Extra stands out since it offers travel insurance valid until the age of 79 and comes with an annual cost of £180.

It allows multiple trips worldwide of up to 45 days per trip and includes winter sports up to 21 days in a year and golf cover.

It has mobile phone cover only for account holders but it does offer worldwide travel insurance for children aged 22 and under, as long they live at the same address as the account holder, or are in full-time education and are not married.

The insurance is valued up to £400 a year and there is no minimum pay-in.

NATIONWIDE FLEXPLUS

Families may also be drawn to the Nationwide Flexplus as it offers worldwide travel insurance for the account holder and partner, as well as dependent children under 23 - plus phone insurance for your partner and children too, for just £216 a year.

The insured phones can only cover children who are younger than 19 years old, or up to 22 years old if they are enrolled in full-time studies, provided these children are not married.

The limit is up to four claims per year, and typical mobile phone insurance may cost around £80 annually; making full use of this offer could provide excellent value.

The UK and European breakdown coverage is provided for the account holder(s) when traveling in any vehicle along with up to seven additional individuals.

The agreement is worth around £500, which means you're certainly getting substantial savings.

HALIFAX ULTIMATE REWARD

The Halifax Ultimate Reward account costs somewhat more at £228 annually, yet it comes with some valuable features. global travel coverage for trips lasting up to 31 days each, with options for winter sports and golf included for both you and your spouse up to 71 years old, as well as kids aged 19 and under.

The banking account also includes coverage for car insurance and U للغاصند صند صند صند صند K breakdown cover.

LLOYDS

Club Lloyds Silver account is the cheapest option for packaged bank accounts at only £135 a year and could be great if you are okay with less cover.

There is also a minimum pay-in of £2,000 a month, but you get a free £175 if you switch from another bank.

It is the only bank in the list that offers fee-free spending and ATM withdrawals abroad.

Travel insurance for families is provided solely for the UK and Europe until the age of 65, encompassing coverage for activities like skiing, conducting business, attending weddings, and playing golf. This policy includes you and your spouse as well as children who are younger than 18 years old.

Although the breakdown coverage primarily includes roadside assistance in the UK, the account holder does receive mobile coverage as well.

HSBC PREMIER

If you fall into the category of high earners, you may want to look at HSBC Premier.

There’s no monthly charge; instead, you’ll need an income of £100,000 deposited into your account each month for complimentary global family travel insurance coverage.

This plan will cover both you and your spouse until you reach 70 years old, with options for winter sports activities as well as coverage for business matters, all within a limit of 31 days per journey.

Children aged 18 or up to 23 if they are still in full-time education are included when traveling alongside the account holder or residing with relatives.

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