Last night I posted about the old ‘Chairmans’ offer of 40,000 miles after first purchase, no annual fee, and 10,000 miles at renewal no longer being active and that it left the standard 40,000 mile offer (my referral link) as best (no fee waiver, no promise of additional miles at renewal).
- UPDATE: Commenter ‘A’ shares a link (with no landing page, straight to the application) that appears to still offer 40,000 miles after first purchase, no fee the first year, and 10,000 more miles at card renewal. If the offer works, it’s the best available (similar to the old ‘Chairmans link’). Save the terms and conditions if you decide to use the link.
Update 2: this new link doesn’t appear to be working, “We apologize for the inconvenience, but our website is experiencing technical issues.” So for the moment the comparison of links in the rest of this post remains the of the two best available offers.
Several commenters chimed in that there’s also a 35,000 mile offer with fee waived (not my referral link) and that promises 10,000 additional miles at card renewal.
Some folks think this is an obviously better offer. I think it might be better, under some circumstances.
But I wanted to make sure that folks were aware of it so that they could make the decision for themselves which one to use.
- The 35,000 mile with fee waived offer does not have a landing page. It goes straight to an application. But the terms and conditions are clear about what you’re supposed to get. If you use this offer, save the terms and conditions in case you have to fight for the promised miles.
- 40,000 miles with an $89 fee versus 35,000 miles with no fee means buying an incremental 5000 miles for $89 or 1.78 cents per mile. Is that worth it?
- The no fee offer promises 10,000 miles at card renewal in a year. That could make the 35,000 mile signup bonus better, if the renewal miles are honored (save those terms and conditions!) and if you can pocket them before paying a second year annual fee.
My own strategy is to cancel the card long before then, because it’s often easier to apply for another card and signup bonus when you don’t already have an open card (though some are successful getting a second approval explaining they want another card to keep different kinds of expenses separate).
Others will want to keep the card until the renewal bonus hits. It usually does before the fee posts which would let you pocket those miles and not pay a second annual fee.
Bottom-line for me on whether the 35,000 no fee offer is ‘better’ is whether you will get the 10,000 mile renewal bonus (whether you will keep the card long enough, and whether it’s honored, there have been some reports of problems but I did get mine from the card), and to the extent you get the renewal bonus without paying the second year $89 annual fee.
Since I probably wouldn’t keep the card through renewal anyway, I’d prefer the larger number of miles now. But others will prefer fewer miles and saving the $89 annual fee. You decide.