Key link: British Airways Visa: up to 100,000 point signup bonus
The most lucrative credit card bonus this year gets pulled July 18.
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 in spend within a year 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.
(There’s also good discussion in the comments to this post about how to get the offer without having to make the minimum spending, although you have to wait a full year to get the second half of the points and which triggers a second annual fee.)
Keep in mind that you can pool points between members at the same address. This means that the British Airways Visa signup bonus really leverages up by allowing multiple family members to get the card and combine bonuses towards one person’s award. A husband and wife each get the card, and get two bonuses. Get kids or parents involved and pool the bonus points as well. It’s 50,000 points after first purchase so even if you aren’t going to meet the spend requirement for 100,000 points, two people getting the card will still get 100,000 miles and those can be used for one award if you wish.
Those that do put $30,000 spend on the card within a year will earn the companion award ticket, so 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.
The British Airways card is clearly a card that most folks should grab for the signup bonus. At up to 100,000 points on offer, it’s the most lucrative signup bonus out there. By a wide margin, in my opinion. And they’ve let us know exactly how long we have to get that bonus. There’s just one week left.
Bear in mind, 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).
This is a great example of how a credit card and some focused spending can send you off in 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.)