British Airways, together with Chase (NYSE:JPM), are now offering an amazing offer for new US sign-ups to their British Airways Visa Signature Card. In what could be one of the most attractive credit card bonuses in 2014, they are offering a bonus consisting of up to 50,000 Avios points which can be redeemed for a round-trip economy class air ticket from North America to Europe. To be approved for this Visa (NYSE:V) card, you need good to excellent credit score.
New sign-ups can receive 50,000 bonus British Airways Avios Points after spending $2,000 within the first 3 months of account opening. These 50k Avios points are sufficient to redeem a round-trip flight from the US to certain Europe destinations. Here’s the catch: You’ll have to fork out any taxes, fees and surcharges from your own pocket, and flights are subject to availability.
Every calendar year, you’ll receive a Travel Together Ticket for a companion that’s valid for two years if you spend $30,000 on your British Airways Visa card annually. Watch out! After reading the fine print, I found out that first of all, you must be a member of the BA Executive Club (its frequent flyer program), which isn’t a problem as you’ll automatically be enrolled as a member when you sign up for this card, and secondly, this companion ticket can only be used if you have used your reward Avios points to redeem for a flight on the main British Airways flight (not on codeshare, franchise or alliance airlines), and that both the cardholder and the companion must travel together on the same outbound and return flight, and they must be booked at the same time. It’s also “subject to availability”.
You’ll also earn 2.5 Avios points per $1 spent on British Airways purchases and 1.25 Avios per $1 spent on all other purchases. There isn’t any limit to the amount of Avios points you can earn. Avios points can be redeemed for flights on British Airways, partner airlines (including American Airlines) or flight upgrades.
Plus, there is no foreign transaction fee when you use your British Airways Visa card to make purchases when overseas.
The annual membership fee of this card is $95, and considering the lucrative bonus points of a transatlantic ticket, it is truly a hard-to-come-by deal for people who already fly with British Airways, or people who intend to fly to Europe in the future and would like to make use of the ticket that can be redeemed with the 50,000 Avios points bonus.
The APR on purchases and balance transfers is 15.24%, and if you’re ever late in one payment, the APR will be 29.99%. To avoid paying any interest, pay your balance in full each month and on time.
Click here to go to the official British Airways Visa card page for full terms & conditions and to apply for this card offer.