Thanks! With the premium BA card, is the free pro rated if I cancel in the first year? If I could hit the spending target quickly and then cancel in a couple of months this could be worthwhile, but I don't see myself getting enough value from the bonus avios to be worth all that much more than the £195 annual fee...
Currently yes all American Express cards with an annual fee have their fee pro rata refunded if you cancel.
Sorry - another question about card fees. Is the Virgin Atlantic Reward + fee also refunded pro rata if the card's cancelled? Thanks!
Answered my own question by calling Virgin: they charge the full fee for the Reward + card at the start, and then refund any unused period of time pro rata. The only question now is whether I can manufacture enough spend to hit the £3k target without too much hassle...