Well, it’s official, you can now get 100,000 miles just for signing up for a credit card and spending $2,000. Check out the British Airways Signature Visa Card. You earn 50,000 miles after your first purchase and another 50,000 miles if you spend $2,000 in the first three months of card membership. In addition to that, you earn 1.25 miles per dollar.
And that’s only the beginning. As Gary (who has brought this amazing deal to our attention) points out, it gets even better:
After spending $30,000 on the card in a year, you’ll receive a certificate for a free companion award ticket when you redeem an award. British Airways allows ‘households’ to pool their miles for an award. So two people each sign up for the card. One puts $2000 in spend to earn the full bonus, the other puts $30,000 in spend to earn a companion certificate. 240,000 miles will be earned, plus a companion certificate. This would allow two people to redeem first class tickets between, say, Los Angeles and Dubai.
While the British Airways award chart is pretty awful and you will pay hefty fuel surcharges, this is probably the best deal out there. For $32,000 spend you’re looking at two first class tickets from the US to Dubai (as Gary suggests), which is less than the cash value of the tickets themselves. South Africa, India, etc., aren’t much more expensive either.