Go Back  FlyerTalk Forums > Miles&Points > Airlines and Mileage Programs > British Airways | Executive Club
Reload this Page >

Any way to earn Avios on voluntary repayments for my student loan?

Any way to earn Avios on voluntary repayments for my student loan?

Old Apr 17, 20, 10:53 am
  #1  
Original Poster
 
Join Date: Jan 2018
Location: Singapore
Programs: BAEC Gold, Accor Live Limitless Gold, Hilton Honours Gold, Avis Preferred Plus
Posts: 1,513
Any way to earn Avios on voluntary repayments for my student loan?

I was unfortunate enough to be part of the first cohort of students who were subject to £9,000 per year university tuition fees, combine that with a four year undergraduate degree and I now have quite a large student loan. I am now finishing my PhD and whilst I have been able to make a few small payments towards my student loan from my PhD stipend, it has not been much. I am hoping to start work soon and then I will be saying goodbye to 9% of everything that I earn over £2,214 (before tax) per month as that will automatically go towards my student loan though PAYE.

I am lucky enough that I am currently in a position whereby I want to make a not insignificant voluntary payment towards my student loan. I have had a look around cannot see any way of earning Avios on such a payment, but was wondering if the vast amount of wisdom here can provide a way of earning some Avios on this?
wilsnunn is online now  
Old Apr 17, 20, 11:00 am
  #2  
 
Join Date: Sep 2015
Location: Peterborough, UK
Programs: BA Silver; IHG Spire; Avis P+; Global Entry
Posts: 1,472
i made my final student loan payment this month.

They have closed the loophole so they will only accept direct debit or debit cards now, the credit card method is long gone. I cannot see another way how you would do this.
aidy is offline  
Old Apr 17, 20, 11:11 am
  #3  
 
Join Date: Dec 2017
Posts: 95
Curve?
BrunswickSq likes this.
Bophopper is offline  
Old Apr 17, 20, 11:35 am
  #4  
 
Join Date: Nov 2006
Location: Locked down in the UK
Programs: Seniors Bus Pass, BA Gold
Posts: 5,303
Originally Posted by Bophopper View Post
Curve?
If they accept debit cards this is the way to go. Have a look at Raffles HfP site for guidance.
antichef is offline  
Old Apr 17, 20, 12:27 pm
  #5  
 
Join Date: Jun 2014
Location: NCL
Programs: BAEC and Hilton mostly
Posts: 391
Before making voluntary additional payments, could I suggest checking against Martin Lewis's MoneySavingExpert advice? https://www.moneysavingexpert.com/st...t-loans-repay/

(Just in case there are better ways of using the dosh!)
imkevinmc, acucobol, ajdj and 1 others like this.
Tocsin is offline  
Old Apr 17, 20, 1:03 pm
  #6  
 
Join Date: Mar 2014
Location: Leicestershire, UK
Programs: BA Bronze, Marriott Bonvoy Titanium Elite, Heathrow Rewards Premium, Tesco Clubcard, Shell Go+
Posts: 477
If they accept bank transfer, check out Billhop.

You essentially pay Billhop using your Amex and they then do the bank transfer for you.

The fees can be a little high but you need to judge if they outweigh the Avios value.

I used it for the first time this week to pay bills and so far so good!
Paren is offline  
Old Apr 17, 20, 1:08 pm
  #7  
 
Join Date: Dec 2009
Posts: 727
Bellhop WAY too high for Amex to avios:

Remember, you can virtually always buy avios for 1p each. So really difficult to justify the Billhop fee against the avios earned.....

Except: I have used Billhop to hit a BA Amex 241 voucher ASAP, so I could then cancel the BA Amex and get a pro-rata refund. So the money saved by the refund offset the bellhop fee.

And I have bought £3,000 of Sainsbury vouchers once to meet the Amex Plat Business card bonus spend limit over a very quiet time of year for me!
flygod is offline  
Old Apr 17, 20, 2:23 pm
  #8  
 
Join Date: Aug 2015
Location: UK
Programs: Executive Club Silver, Kestrelflyer Silver, FlyingBlue & Expedia+
Posts: 89
One work around I can think of is to possibly do a cash withdrawl from your amex to your bank account (That is presuming you have an amex avios card) and then using the money in your bank account you would have used to pay the fee pay the avios card instead before interest accrues?

Last edited by cvm0093; Apr 18, 20 at 1:08 pm Reason: Non valid idea
cvm0093 is offline  
Old Apr 17, 20, 2:57 pm
  #9  
 
Join Date: Jun 2016
Location: Manchester
Programs: BA
Posts: 26
May I suggest Curve -> Tesco credit card -> Avios

Rate isnít amazing but when I canít use Amex itís an easy way to generate Avios without incurring additional cost.
flyingManc is offline  
Old Apr 17, 20, 7:20 pm
  #10  
 
Join Date: Apr 2010
Location: YVR
Programs: AA
Posts: 520
Originally Posted by cvm0093 View Post
One work around I can think of is to possibly do a cash withdrawl from your amex to your bank account (That is presuming you have an amex avios card) and then using the money in your bank account you would have used to pay the fee pay the avios card instead before interest accrues?
Thought cash advances on cards didn't accrue points?
DiamondMile likes this.
theshaun is offline  
Old Apr 18, 20, 2:50 am
  #11  
Ambassador: Emirates Airlines
 
Join Date: Sep 2004
Location: Manchester, UK
Posts: 15,708
Originally Posted by theshaun View Post
Thought cash advances on cards didn't accrue points?
They don't... but they do incur very high interest
cvm0093 likes this.
DYKWIA is offline  
Old Apr 18, 20, 5:04 am
  #12  
Original Poster
 
Join Date: Jan 2018
Location: Singapore
Programs: BAEC Gold, Accor Live Limitless Gold, Hilton Honours Gold, Avis Preferred Plus
Posts: 1,513
Thanks for the responses, it seems that the "Curve -> Tesco credit card -> Avios" method will work best, flyingManc you say: "Rate isn’t amazing", but what is the actual rate?

I think that cash advances on the Amex don't earn any Avios and also earn a boat load of interest and from what I have heard affect your credit score too, so I think that I will avoid that one.
wilsnunn is online now  
Old Apr 18, 20, 6:41 am
  #13  
 
Join Date: May 2016
Programs: BAEC - Gold, IHG - Spire Ambassador
Posts: 391
PayPoint?

Can the student loan be repaid using PayPoint at a supermarket? Has your statement got a barcode? I pay my utilities, TV licence, council tax this way on my Amex.
MrsW is offline  
Old Apr 19, 20, 5:59 am
  #14  
 
Join Date: Jun 2016
Location: Manchester
Programs: BA
Posts: 26
Originally Posted by wilsnunn View Post
Thanks for the responses, it seems that the "Curve -> Tesco credit card -> Avios" method will work best, flyingManc you say: "Rate isnít amazing", but what is the actual rate?

I think that cash advances on the Amex don't earn any Avios and also earn a boat load of interest and from what I have heard affect your credit score too, so I think that I will avoid that one.
£4 of spend on Tesco credit card -> 1 Clubcard point
250 clubcard points -> 600 avios

So £1000 = 600 Avios
wilsnunn likes this.
flyingManc is offline  
Old Apr 19, 20, 11:33 am
  #15  
Original Poster
 
Join Date: Jan 2018
Location: Singapore
Programs: BAEC Gold, Accor Live Limitless Gold, Hilton Honours Gold, Avis Preferred Plus
Posts: 1,513
Originally Posted by Tocsin View Post
Before making voluntary additional payments, could I suggest checking against Martin Lewis's MoneySavingExpert advice? https://www.moneysavingexpert.com/st...t-loans-repay/

(Just in case there are better ways of using the dosh!)
Thanks for that, I have looked into it before (also for any future people seeing this, the link in the quote is for the Plan 1 student loans (students who started before September 2012), for Plan 2, see here: https://www.moneysavingexpert.com/students/repay-post-2012-student-loan/.

For my situation, both my calculations and MoneySavingExpert suggest that overpaying is likely to be a good idea.
Tocsin likes this.
wilsnunn is online now  

Thread Tools
Search this Thread
Search Engine: