To be fair that could be said about any rewards programme. It’s literally how they work.
The point is those 2,000 points are rewarded on spending that is not at the restaurant. You’re getting that £60 for free.
If I spend £500 and get 500 air miles I could spend that £500 on a flight but I don’t because I use the air miles.
True, this is why I personally don’t see the value of said “rewards” but each to their own
It’s otherwise free, however meagre they might be.
I don’t go out seeking to spend for rewards but I’d rather get a point per pound spend than nothing per pound spend. It’s a no brainer.
Cheers! Personally the £15 a month makes it not worth it for me but best of luck to all involved
Is there a minimum term?
Never heard of any of these places. What do we all think their target demographic is?
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As someone who hates avocados I often wonder if I’m not buying them where he heck does my money go?
Highly amusing. They clearly have no idea what mandatory law applies to consumers. Sound like cowboys
This is technically true, but not in line with the fairness to customers rules, imo
The reward values seem to be on the same margin as interchange fee. So they must get a kickback from places to drive people over to spend more.
Membership fee should cover some of the base costs. But overall looks shady to be a profitable operation for them. I hope they have lots and lots of venture capital funding to subsidize things.
If your paying £15 a month its not really free though, 4 months of membership gives the same voucher.
I understand how rewards work and all and if the was no monthly it would be value add but when your spending £15 a month and the benefits are a metal card and the chance to spend £2k and get a £60 voucher its not the best.
I really think they need to wrap in some more benefits to add some more value because imo its a weak especially for the large cost.
I see what you mean, and I’m not suggesting it’s a reward to go scream about on the tube to random strangers but if you’re the kind of person who spends X per month and get Y reward which accounts for the £15 a month then it works. Like any reward scheme.
I pay £250 a year for my Amex because I spend enough to earn the main reward and that reward saves me more than £250 in a year.
If you spend enough on this card to make more than £180 of savings on the various offers then it works fine. The £60 isn’t the only offer, and one can only assume they will add more when they can.
(Plus for some the access to credit is worth the cost I suppose).
@coffeemadman what Amex card costs £250 / year? Just curious! Gold is £150 and Plat is £575 
ahhh of course!! thank you. been meaning to look at that one 
The BA Premium. It has gone up over the years sadly but I still saved at least £800 on two business flights to NY this year so it remains worth it for me.
I just put £20 a month aside so it doesn’t feel like a large hit in one go.
Am I reading it wrong or is that essentially 3% cashback? Seems better than other reward cards. Isn’t amex <1% or something?
If it’s £15 a month or £180 a year you’d only need to spend £6k a year to cover the cost. So £500 a month on your card. Not too bad really. Plus the 2500 bonus points would be worth about £75.
Guess it comes down to whether the partners are interesting enough/good enough and if you live in London.
But in Lina store £60 is just 5kg of pasta. So not sure I would deem it 3% cashback off 2,000 spend.
Strangely even through I don’t have a card, I got emails about their increased security due to new regulations when I use my card, that I don’t have.
Same!
guessing its the Lina Stores restaurant, which is a restaurant