Most looking to maximize their credit card value agree that the Starwood American Express card is the best out there. Well, that’s what I thought as well, until FlyerTalker wanaflyforless gave his credit card presentation on Sunday in Ann Arbor. This credit card has been out there for a while and isn’t really a “secret” tip, so I feel comfortable sharing it (and I see others have already posted about it in public).
Anyway, check out the Asiana American Express card by Bank of America. This is the only card I know of where you earn TWO miles for every dollar spent. While the card has a $99 annual fee and only a 5,000 mile sign-up bonus, this seems like one heck of a card for those that spend a substantial amount of money on their credit cards.
Asiana’s award chart looks similar to ANA’s in that it’s distance based, although seems to be just a bit more expensive. The award chart can be found here. So for example, a 5,000-8,000 mile award, which is basically an east coast US to western Europe award, costs 75,000 miles in business class or 100,000 miles in first class. But since you earn two miles per dollar spent, you really only have to spend $37,500 for the business class award or $50,000 for the first class award.
As the distance of the award increases, the deals become less and less compelling. Nonetheless, for those wanting to travel from the US to Europe on awards, this card is unbeatable. Even for longer trips you can still come out ahead, although keep in mind that Asiana has fuel surcharges.