February 29 is the last day to sign up for the Continental OnePass Plus credit card!

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Update: This offer is expired. You can find the current offer details here.

I just received word that Wednesday, February 29 will be the last day to apply for the Continental OnePass Plus credit card. Starting March 1 the standard card of the “new” United will be the United Explorer card.

The sign-up bonus on the OnePass Plus card is 25,000 miles after first use, plus 5,000 miles for adding an authorized user. In addition to that, if you spend $25,000 on the card in the first year you earn 10,000 bonus miles, for a total of up to 40,000 miles for signing up. The annual fee on the card is $95, though it’s waived for the first year.

There’s no doubt Chase Sapphire Preferred® Card has more benefits than the OnePass Plus card, including a 40,000 point sign-up bonus, double points on dining and travel, and no foreign transaction fee.

That being said, we’re in a bit of a “use it or lose it” situation with the OnePass Plus card, given that this is the last opportunity to sign up for the card and still get the bonus. Starting on March 1 you’ll no longer be able to earn this bonus. If you sign up for the OnePass Plus card you shouldn’t have an issue still earning the bonus on the United Explorer card in the future. So if it’s between the Chase Sapphire Preferred card and Continental OnePass Plus card right now I’d probably sign up for the Continental card now, since there’s a good chance the Chase Sapphire Preferred bonus will still be around in a couple of months.

So if you don’t have the card already, I’d seriously consider signing up for the Continental OnePass Plus card…

Update: It appears as if the terms and conditions say you can only earn one bonus between the Continental OnePass Plus and United Explorer card after July 19, 2011, so it may make sense to hold out for a better bonus. Whether or not it’s enforced in practice, though, I don’t know.

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Comments

  1. Lucky, quick question: I’m getting ready to refinance my condo mortgage and I just got the United Explorer card last month. I already have the Chase BA visa and the Chase Sapphire Preferred (3 total Chase cards). Is the $25k bonus worth it in my situation? Thanks.

  2. When will the Continental Car roll into the United card? If this happens soon enough, then getting both bonuses will be difficult I imagine.

  3. @Rebecca

    I can’t imagine one inquiry is going to have a material affect on your score.

    What’s 25k onepass miles worth to you right now?

  4. The OnePass card is being replaced with the Explorer card, and IIRC OnePass apps currently say in the T&C that new applicants will be ineligible for a second bonus for an Explorer card. I’m not sure there’s really any reason to rush since you can always wait and get an Explorer card later with effectively the same benefits.

  5. Lucky,

    The first card in a long time that I can’t qualify for 🙁 I’m already a OnePass member, and the T&C is pretty clear that former CO card holders are excluded.

    But, I must say, it’s been a good run. I picked up the CO card a year ago when they were running a 50k promotion, and I got a 50k UA card around the same time frame. When UA was pushing the Explorer card for “60k” on its website, I picked up the 50k at first spend.

    So, all in all, 150k UA. Back when I had different plans, I transferred in 20k from AmEx MR before CO left the program, and just “bought” 10k miles by negotiating around the annual fee. And these are just CO/UA specific miles — 60k to go to get 2 J tix to North Asia. Which I already have more than covered with the Sapphire Preferred, Ink Bold, and Ink Classic sign-up bonuses 🙂

  6. @Dan, I also forgot that I just applied a few days ago for a second US world MC hoping for the second bonus. Still waiting on a decision. My credit score is 777. But Im pretty new to this credit card game so don’t want to jeopardize a refinance. My gut says not to go for the CO card but I hate to pass up a 25k offer that we know is going away. I suppose there are worse things in life!

  7. i could have sworn it said something like if you signed up for a continental one pass or united mileage chase card…after july 2011 then you won’t be eligible for a bonus for the explorer card…

  8. @Rebecca. I wouldn’t do it if I were you. We just refinanced and have great credit (790+) and they gave me a hard time going through underwriting (to close the loan) because of a few new cards and inquiries on my report. Banks are pretty conservative these days. 25k in miles is worth $400 or so. A new lower rate is going to be worth much more to you than that.

  9. Lucky, I’m afraid you might be very wrong about the bonus. The terms of every offer I’ve seen for the United Explorer card include the following:

    United MileagePlus Explorer cardmembers will only receive one 25,000 bonus miles award if they apply for both the United Explorer Card and the Continental OnePass Plus Card after 7/19/2011.

    When you consider the bonus for the United Explorer card is much better than the Continental offer, I think it’s a bad idea to be suggesting the “use it or lose it” approach with the Continental card. I’m happy to be wrong on this point, but I don’t think I am.

  10. @ Rebecca — I tend to agree with Nadine, probably not worth it at this point, especially given how many Chase cards you’ve had.

    @ thrashsoundly — I believe it rolls over on/around March 1, so it will be short lived.

    @ Dan — Well done, sir!

    @ The Man of a Thousand Places — Hmmm, I had never seen that restriction before, though I’ll update the post. Thanks for the heads up.

  11. @Rebecca, I would sign up for the Chase Mileage Plus Explorer card, as it should provide you with a larger sign up bonus of 40,000 which is the standard offer(25K sig up, 5K add a user, and 10K for spending 25K in a year).

    Flyertalk members report that they have seen sign up bonuses of 50,000 or even 60,000 by logging into their Mileage Plus account and then following the link for the card from United’s webpage. Take a look at this thread. http://www.flyertalk.com/forum/milesbuzz/1262787-improved-ua-explorer-card-offer.html

  12. @Chitownflyer, I just got the Explorer card with 50k points in January:) but the good news is that I was approved for my second US world premier MC today with a confirmed 40k miles!

  13. I signed up for both Continental Onepass CC and United MileagePlus after 7/19, both on the same day and was able to get 50,000 miles for CO and 30,000 for United.

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