Update: This post contains outdated offers and should only be used for reference. Click the following link for the most up-to-date offers on my favorite travel hacking cards. -cg
Breaking news: one of the best (and certainly one of the biggest) miles & points offers is now back. For a limited time, you can earn a total of 100,000 British Airways Avios points after applying for their signature card and meeting a number of spending requirements.
The first 50,000 points are easy—you’ll get them after completing a $2,000 minimum spend in three months. This is worth it on its own, even if you can’t earn the additional 50,000 points for spending more.
For the adventurous, you’ll be able to earn an additional 25,000 Avios for spending $10,000 within the first year, and then another 25,000 Avios for spending $20,000 within the first year.
In addition to the signup bonus, the card also offers the following benefits:
- Every calendar year you make $30,000 in purchases on your British Airways Visa card, you’ll earn a “Travel Together Ticket” good for two years
- In addition to the bonus Avios, you will also get 2.5 Avios for every $1 spent on British Airways purchases and 1.25 Avios for every $1 spent on all other purchases
- Pay no foreign transaction fees when you travel abroad
The interesting thing about Avios points—managed by British Airways—is that the best way to use them has nothing to do with British Airways. If redeeming for BA flights, you’ll pay some hefty fuel surcharges, diluting the value of the points.
So what do you do instead? You redeem them for flights on OneWorld partners, in particular American Airlines (for short-haul flights in the U.S.) and Iberia (for transatlantic flights with no fuel surcharges).
Even with a relatively conservative estimate of $0.02 each, 50,000 Avios are worth at least $1,000. With a bit more work, you should be able to earn even more value from them—and of course, if you can earn the full 100,000 points, that’s even more value.