New 60,000 Mile Cathay Pacific Visa Signup Offer

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From August through October there was a 50,000 mile signup bonus offer for the Cathay Pacific Visa. That’s double the previous offer.

Through June 30 they’re offering an initial bonus up to 60,000 miles.

  • 35,000 miles after $2500 spend in the first 90 days of account opening
  • 25,000 miles after an additional $7500 spend in your first 12 months

It takes $10,000 spend to earn this full bonus.

Key details:

  • 2 AsiaMiles per dollar spent on CX purchases
  • 1.5 AsiaMiles per dollar on dining
  • 1.5 AsiaMiles per dollar on foreign transactions
  • No foreign transaction fees
  • Entry level Green in Marco Polo Club (Cathay Pacific’s elite status program) for one year
  • $95 annual fee


Cathay Pacific First Class

The signup bonus is worth well more than the annual fee. However you’ll earn more miles — even more Cathay Pacific miles — with cards that earn transferable bank points.

There are two unique things about the card:

  1. The one area where spending is really interesting is the 1.5x for foreign transactions. That’s because while there are cards which can earn 1.5x airline miles on otherwise-unbonused spend, they don’t waive foreign transaction fees. So this may be a great niche card for people who travel internationally a lot (and who are spending on things other than travel or dining because those are well-bonused by other cards waiving foreign transaction fees already). It’s the only product I know that bonuses foreign spend across the board.

  2. The other interesting feature is access to Cathay’s pay-in elite program.

One caution is that like Singapore Airlines, Asia Miles expire three years after you’ve earned them. You can extend miles for a fee (that isn’t generally worth it). But mere activity in an account doesn’t keep your miles active.

Cathay Pacific’s Marco Polo Club Green Tier

The card comes with Marco Polo Club Green tier for one year (renewing the base Green tier costs $100). This is potentially useful.


Cathay Pacific Business Class

You Can Top Off an AsiaMiles Account Easily

You can top off an AsiaMiles account by transferring points 1:1 from American Express Membership Rewards and from Citi ThankYou Rewards.

In fact, earning on those cards will in most cases be greater than with the Cathay Pacific card. That’s why the new Cathay Pacific card isn’t going to be the best for most of your spending. You earn more Cathay Pacific miles with American Express or Citibank, and still have the option of transferring points to other airlines of your choice.

Using AsiaMiles

Cathay Pacific has multiple award charts. For simplicity in this post the ones I’ll focus on here are their chart for their own flights (where you fly Cathay Pacific and up to one partner) and their oneworld award chart (for 2 or more oneworld airlines not including Cathay Pacific).

Their award charts are distance-based. Flying on Cathay Pacific, you can include a partner airline to reach the Cathey Pacific international gateway (eg include an American flight to get to New York, Chicago, Los Angeles, etc).

Los Angeles – Hong Kong is under 7500 miles one-way, so costs 120,000 miles roundtrip in business class. One-way awards cost more than half the price of a roundtrip. Since New York, Chicago, and Boston are more than 7500 miles each way to Hong Kong, those roundtrips cost 145,000 miles.

First class long haul gets pretty expensive (though less expensive on some routes than American AAdvantage). Business class remains reasonable. And while AsiaMiles adds fuel surcharges to awards, fuel surcharges to and from Asian destinations Hong Kong and to the North have fallen substantially.

Their oneworld award chart is distance-based as well. This is what you’ll use, for instance, if you want to fly between the US and Europe on oneworld airlines (American, British Airways). The longer the trip the more expensive it is, but there are some real values as well.

Business class between New York and London is 6903 miles roundtrip. Fly British Airways one way and American the other direction for just 80,000 miles in business class or 105,000 miles in first class.

You can do up to 10,000 miles of roundtrip flying for 95,000 AsiaMiles in business class or 130,000 in first. This is useful because of their routing rules:

You can make a maximum of five stopovers, two transfers and two open-jaws at either origin, en-route or turnaround point, subject to airline partners’ terms and conditions.

Partners will need to update their mileage-earning charts once American introduces premium economy, so we may see some of these charts renegotiated.

(HT: Upon Arriving)

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered, either. Terms and limitations apply to all offers.

Comments

  1. Did you cut and paste from a previous post or some other source?

    Your reference to airberlin seems a bit outdated.

  2. The only thing I can see this card is good for is like you said, non-travel, non-dining, non categorized foreign purchases. I’m overseas right now, and have been able to make do with my Citi for entertainment (2x), my altitude reserve for NFC and travel (3x), and my SPG for everything else. The only way I’m not covered is for a non categorized purchase, with a merchant that does not accept Amex and doesn’t have contactless.

  3. I’ve flown CX many times throughout my life. My favorite value redemption of Asia Miles for an award seat is LAX-HKG in premium economy. It’s 72,000 miles to redeem a Round-Trip, and Cathay’s premium economy service is pretty comfortable for the long haul. I’ve actually gotten upgraded to business class multiple times off this award booking.

    My favorite seat in premium economy is the bulk head exit row window seat on their B777-300ERs (I believe it’s seat #32A). There’s enough room in front of you so you can get up without disturbing your neighbor, and you get the benefit of sleeping against the window.

    As for this card for me personally, I’m not sure yet. Piling up $10,000 in spend for 60K Asia miles is steep, but I get a full year to spread it out. I’ll be thinking about it.

  4. How is First Class award space far in advance for two people to Hong Kong on Cathay flights using Asia Miles? Until close in, there’s never two seats in First using AS/AA miles.

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