UPDATE: This offer is expired. You can find the best current offers here.
As reported by Gary, the British Airways Chase Visa 100,000 mile sign-up bonus from a couple of years ago is back, though with slightly different spending requirements. This time around, the card offers 50,000 miles after the first purchase, and another 50,000 miles after spending $2,500 on the card within the first three months. The offer is apparently valid through May 6, so you have a month to sign up.
I signed up for the card about 18 months ago when the offer came around for the first time, figuring it would be a card I churn, but surprisingly it still occupies prime real estate in my wallet. While my primary card right now is the American Express Premier Rewards Gold card, I love the British Airways Visa for a few reasons. First, there are no foreign transaction fees, which is huge. Second, you earn 1.25 miles per dollar spent. Third, when you spend $30,000 on the card annually, you get a free award companion certificate for travel on British Airways. Now, it’s not everyone’s cup of tea, given that you actually have to fly British Airways entirely in order to use it, and they impose hefty fuel surcharges on their awards.
Even without it, there are some amazing redemption opportunities out there. Business class on a single airline to most of Asia is 100,000 miles, so you can do something like New York to Hong Kong to Bali on Cathay Pacific for 100,000 miles. First class is also a reasonable 150,000 miles. Best of all, unlimited stopovers are permitted on awards.
Awards to South America are also a real bargain, at 80,000 miles per person in business class, assuming you stick to a single airline. For example, you could do an award on LAN from New York to Lima to Santiago to Easter Island, stopping in each of those cities.
So if you don’t have the card already, this is one sign-up bonus you won’t want to miss.