Just received a letter in the mail this morning advising that Lloyds is ending their current Duo Avios credit card program in two months (March 2019). According to some undisclosed "regulation changes", American Express is ending its licensing arrangements with banks in the EEA - which means that Lloyds can no longer issue AMEX cards. Existing Duo Avios cards are set to be replaced with a single MasterCard which will significantly reduce potential for earning Avios. Under the current system, £5 spent on the Duo AMEX earns 5 Avios or 1 Avios per £5 spent on the Duo MasterCard. The new system will earns 2 Avios for every £5 spent on the MasterCard. Avios earning potential effectively drops by 60% under the new regime. For those who earn Avios through balance transfers, the new system is even worse. Instead of earning 1500 Avios per £1000, the new Duo MasterCard pays just 400 Avios. Sadly the Duo Avios card is my main way of earning points - and it looks like that is about to come to an abrupt end in March.