British Airways Visa: up to 100,000 point signup bonus
The most lucrative current credit card signup bonus is scheduled to be pulled June 7.
The offer is:
- 50,000 points after first purchase
- 25,000 points after spending $10,000 on the card within a year
- 25,000 additional points after spending the next $10,000 on the card within that year
There’s a $95 annual fee, spending earns 1.25 points per dollar, and the card has no foreign currency transaction fees.
After $30,000, they award a free companion award ticket – the second passenger travels on an award booked on British Airways flights for no additional points (though both passengers are charged taxes and fuel surcharges).
And of course there are plenty of ways to goose your spending to get there.
(Some folks have luck making a mock booking on the BA.com website and getting an offer for 50,000 points now and 50,000 in a year – two annual fees but no minimum spend, and of course no companion award ticket if you don’t do the spend. I haven’t been able to make this work, though.)
The British Airways Visa leverages up by allowing multiple family members to sign up for the card and pool signup bonuses towards one person’s award (so a husband and wife each get the card, and get two bonuses they can combine.. get kids or parents to get the card and pool the bonus points as well). And put $30,000 spend on the card within a year to earn the companion award ticket, you get to spend those pooled points twice (for two passengers on the same award itinerary).
Given fuel surcharges, some folks think of it as buying a discounted, non-points earning coach ticket and having a confirmed upgrade. Since BA is a 4-class airline, in the case of a first class award, that’s a confirmed three-cabin upgrade.
I make the point frequently that there are three different types of credit cards — those you get for the signup bonuses, those you get for the benefits of having the card, and those you get because they’re lucrative to actually put spending on.
The British Airways card is clearly a card you get for the signup bonus. At up to 100,000 points on offer, it’s the current most lucrative signup bonus on the market. And that goes away June 7, so worth jumping on now.
100,000 points is enough for business class travel from the US to London (some cities in the US it’s less than 100,000).
It’s also enough for two passengers to fly roundtrip in business class from New York or Miami non-stop to most cities in South America (without fuel surcharges).
Two great examples of how a single credit card, and some focused spending, can send you off n a premium class of service.
(I do receive referral credit if you use my link for the British Airways Visa, and I appreciate it greatly.)
Update: Word on the street is that the offer is being extended, not yet clear for how long but some rumors are either ‘through end of June’ or ‘another month’ — will update y’all when I confirm new end date for the offer. In the meantime it remains in my view the best current signup bonus in the market.