I receive compensation for content and many links on this blog. You don’t have to use these links, but I am grateful to you if you do. American Express, Citibank, Chase, Capital One and other banks are advertising partners of this site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same).
It was once exciting to see this card offering 50,000 miles (rather than just 40,000) and charging its annual fee in year one. Now there’s a better offer than they’ve ever had, and there are six good reasons to take advantage of it.
- Initial bonus offer 70,000 miles after $5000 spend on purchases within 90 days of cardmembership. When you redeem points at a penny apiece towards travel you get 5% of your points back, and you can redeem those at a penny apiece towards travel, and get 5% of your… View this as $735.
- No annual fee the first year it hasn’t always been the case that the card’s $89 fee has been $0 the first year. So first year you’ve got that initial bonus without deduction.
- That’s the best-ever offer. In early July applications relaunched and they did so with the biggest-ever offer at the time of 60,000 miles after $5000 spend within 3 months. Then in September they waived the card’s $89 annual fee for the first year, meaning the value of getting the card got even $89 better.
Now they’ve increased the initial bonus again, the most miles and with the $0 annual fee the first year.
- 2.1% rebate for ongoing spend. Points can be spent at a penny apiece towards travel, and when you redeem for travel you get a 5% rebate on points. Since you earn 2 points per dollar and get 5% back when you redeem that’s an effective rebate of 2.1% on your spend to use towards travel, which is higher than the cash back from the Citi Double Cash Card.
- Not all travel is covered by airline miles or hotel points. There are taxes and fuel surcharges on award tickets, travel to and from the airport, and myriad other costs along the way. That makes these points a great supplement to the rest of your stash to cover what airline miles and hotel points do not.
- True chip and PIN. That’s rare in the rewards card world. Credit cards have gone chip which was supposed to reduce fraud but hasn’t. Chip and PIN is much more common in Europe, and can be useful especially at unmanned kiosks, such as at some rail stations. I’ve had luck with regular chip cards using ‘0000’ but having a true chip and PIN card can be great to round out your arsenal.
Here are the card’s rates and fees.