Credit Card Updates

In the interest of full disclosure, One Mile At A Time earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers that we have found for each card. Please check out our advertiser policy for further details about the partners we work with. Thanks for your support!

Update: This offer for Barclaycard Arrival Plus™ World Elite Mastercard® is expired, but there’s currently an opportunity to earn 50,000 miles after spending $3,000 within first 90 days of having the card. Learn more about the special offer here.

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

Chase has been pretty aggressive lately (or for that matter, for the past couple of years) with sign-up bonuses and improving their product offerings. There are some especially exciting changes right now, but there has been so much going on lately that I’ll consolidate them all into one post rather than writing individual posts about them.

Chase Sapphire Preferred® Card now chip & signature

As of a few days ago the Chase Sapphire Preferred® Card is available as a chip & signature card. If you already have a Chase Sapphire Preferred you can call and have them send you a new one with chip & signature, and it should arrive overnight. Alternatively, if you apply for the Chase Sapphire Preferred now it should either already be a chip & signature, or you can immediately request to have it converted.

British Airways Signature Visa Card – (Update: This offer is now expired)

Over the weekend Chase brought back the 100,000 Avios sign-up bonus on their co-branded British Airways card. It’s not nearly as lucrative as it was back in the day when the card was first introduced in the US, as you earn the 100,000 Avios in the following thresholds:

  • 50,000 Avios after spending $2,000 within three months
  • 25,000 bonus Avios after $10,000 in purchases within the first year of account opening.
  • An additional 25,000 bonus Avios after you make an additional $10,000 in purchases also within the first year of account opening.

So you have to spend a total of $20,000 on the card in a year to earn the 100,000 Avios. At the end of the day the card is worth it for the 50,000 Avios after spending $2,000. I’d also argue it’s worth spending an additional $18,000 to earn 50,000 bonus Avios. For spending $18,000 you earn 22,500 Avios (since the card accrues 1.25 Avios per dollar spent), plus the 50,000 bonus Avios. That’s 72,500 Avios for spending $18,000, which is over four Avios per dollar spent. Not bad, if you ask me!

And if you reach $20,000 of spend, you’re only $10,000 away from earning the British Airways travel together companion certificate.

Chase Ink Plus® Business Credit Card and Ink Bold® Business Charge Card are now Visa Signature Cards

It’s worth posting a reminder that as of September Chase’s Ink Plus and Ink Bold cards are issued as Signature Visas rather than World Mastercards. Personally I prefer Signature Visa benefits. Even if you’ve had the Chase Inks in the past when they were issued as Mastercards, you should still be eligible to apply for these and enjoy the Visa benefits.

Southwest Rapid Rewards® Premier Credit Card 50,000 point sign-up bonus is still live

Chase was running a promotional 50,000 point sign-up bonus on their co-branded Southwest credit card through last week. The offer was supposed to end end last month and be limited time, though they kept the offer around and took out the “limited time” verbiage, so there’s a good chance that the offer is around to stay for a while.

This card is especially lucrative since if you rack up 110,000 points in a year you’ll earn Companion Pass with Southwest, which allows someone else to travel with you for the entire year. For domestic travel that’s a value that’s tough to beat. And now’s a great time to get the card, since you can push reaching the minimum spend off into the first few weeks of next year, which should allow you to qualify for the Companion Pass for the subsequent two years.

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Comments

  1. Hi Lucky;

    I’ve done all four Ink Mastercards (Plus, Bold, Cash, Classic). Would I be eligible for signup bonuses if I apply for the Visa?

  2. @ beachfan — People have reported earning the sign-up bonus even if they previously had the Mastercard, given that this is considered a new product.

  3. I thought this Visa was a brand new card. Have people already reported that signup bonus points have posted? I mean, it’s one thing for them to get approved for the visa after they already had the mastercard, and it’s another thing to get the bonus points posted for a 2nd time. (I learned the hard way)

  4. Lucky, we got the chase BA visa card when it was rolled out initially with the 100K offer (2009?) and closed it after a year. Any chance we are eligible for the bonus again?

  5. Lucky,
    RE: Ink Bold
    When I ordered an additional employee card last week they still sent a Mastercard. Not sure if that is due to my others being mastercards or just anecdotal evidence that they are not completely switched over.

  6. @ jettyboy — With Chase it’s anyone’s guess. After three years or so there’s definitely a chance you could qualify for the bonus again, though it’s not guaranteed and there’s no way to know for sure unfortunately.

  7. @ jessewithaj — Correct, if you currently have a Mastercard then additional cards will be issued as Mastercards. I believe at some point down the line all cards will be reissued as Visas, though that day hasn’t come yet.

  8. Lucky, a few others:

    Marriott visa being widely targeted. All I had to do was login to my marriott account to see a 70K offer with no annual fee the first year.

    The United Club card is also being offered first year free ($395 normally I think). Check using your mileage plus number at united.com/club1yearfree

  9. All – the BA Chase requires $30K spend within 1 calendar year for the companion cert, from what I remember…

    So if one gets the card now, it may be a good idea to do the spends after 1 Jan – what say?

  10. Lucky, can you please elaborate on what the advantage (or any negatives) would be to convert my existing Chase Sapphire card into a Chip and Signature card?

    Thanks!

  11. @ Andrew — Well in theory “chip” cards are more widely accepted in Europe. The issue is that this is a chip & signature and not a chip & pin card, so more than anything it’s a step in the right direction. You should be able to use the card at train stations in Europe, since many of them don’t take non-chip cards.

  12. Lucky-

    Do you know if the chip and signature sapphire preferred card is still metal or if it is a plastic one?

  13. Am curious what you would now value UR points at (post 2/1/14)? It now seems to me the CSP will NOT be the “most all round lucrative card” anymore.

    FWIW, the BA TTT seems to have gone up in relative value as the increased UA award cost for partner F has now reached seni-parity (compare for 2 ppl to Asia: 250k-300k Avios + $3200 YQ vs 480k-560k UA miles).

  14. This may seem like a silly/newb question but will a request for the chip & signature Sapphire Preferred void an existing card when the new one is activated?

  15. Hi Ben, I’d like to apply for the Ink Bold and Ink Plus using my social security number. I have never had either previously. Do you know if I apply for both, will I get the 50,000 bonus points on each, or just one card? Also, do you recommend a waiting period between the two applications or just apply same-day? Thanks!

    Happy New Year.

  16. @ Despina — Happy new year to you as well! You can absolutely earn the bonus on both cards, though I’d recommend waiting about a month between applications to be on the safe side, in your shoes.

    Good luck and let me know if you have any other questions!

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