2 British Airways Card Application Data Points

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Earlier in the week I wrote about how a marketing email sent out by British Airways indicated that the current sign-up bonus on the British Airways Visa Signature® Card would be pulled on September 30. At the moment the card is offering a sign-up bonus of up to 100,000 bonus Avios, depending on how much you spend. The thresholds are as follows:

  • 50,000 bonus Avios after spending $3,000 within the first three months
  • 25,000 additional bonus Avios after spending $10,000 total within the first year
  • 25,000 additional bonus Avios after spending $20,000 total within the first year

This is a card I signed up for earlier in the year, and that I think is worth getting for those who don’t have it. Along with the IHG® Rewards Club Select Credit Card, this is one of the few cards that isn’t subjected to Chase’s 5/24 rule, meaning that you can be approved for the card even if you’ve opened more than five card accounts in the past 24 months. You’re eligible for the bonus as long as you don’t currently have the card, and haven’t received a welcome bonus on the card in the past 24 months. So if you’re someone who had this card a long time ago, you’re still eligible for the bonus.

Anyway, up until this week I was the only person in my family who had this card, so this week both Ford and my dad have applied for the card for three reasons:


Redeem Avios on Aer Lingus can be a great deal

Anyway, both Ford and my dad have applied for the British Airways Visa Signature® Card in the past few days, and here’s how it went:

  • My dad was instantly approved for the card, which sort of surprised me, since I find Chase can be the toughest for instant approvals
  • Ford got a “pending review” decision; he got the IHG® Rewards Club Select Credit Card a few months ago and got a huge credit line on that, so I suspect they may want him to move around some credit to be approved

If you haven’t yet applied for the British Airways Visa Signature® Card, I’d highly recommend doing so as soon as possible. I don’t have any inside knowledge into when the offer will be pulled, though it could be as early as today.

Have you recently applied for the BA Visa, and if so, what was your experience with getting approved?

 

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Comments

  1. My last two chase applications got a pending approval. After several days, they moved the minimum credit needed for the card from my active card with the highest credit line in order to approve the application. I never had to call.

  2. Calling about a Chase app that hasn’t gotten a decision yet is so 2016. 😉

    If they really need to hear from you they will call you. Otherwise you are better off just waiting to get a decision. If you get denied, then is the time to call, not before.

  3. Had Ford reduced the huge CL on IHG a couple months before, he would have gotten instant approval on the BA card.

    Chase system has the tendency to approve an applicant with the maximum CL it deems “available”. Besides, who would need a Huge CL on an IHG card? It is not like Ford would put large spend on that card…

  4. Must be a nice referral bonus on this one, huh?

    I applied for it (through your link) and got it back in April, and it’s been a good card for me – used the new Avios for a couple short-distance intra-Europe flights and a couple AA flights here.

    I think we’ve seen enough content about it though.

  5. Calling the reconsideration line is a very simple step if you don’t receive and immediate approval… plus you can request the card be rushed via UPS ( 3 days) at no additional charge so you can start to meet the required spend immediately. So @ Robert Handon this might be so 2016 to you but not to all of us. By the way, I’m a banker with Chase so I’ve seen a lot of credit card applications over the years

  6. You left out the (to me, anyway) most valuable part. The 2-for1 voucher you get if you spend $30,000 in your first year. For someone who puts EVERY purchase on mileage cards, this was easy. Just redeemed my voucher for a one way trip from BOS to LHR to SIN. The BOS – LHR leg (with a 3 day stopover) will be in business class and the LHR to SIN will be in first class. And all it cost me was $1800 in fees. I’ll use AAdvantage miles to go SIN – HKG – NRT – DFW – XNA (all business class) that cost next to nothing. Pretty cheap around the world trip.

  7. @Lucky — so the bonuses are as follows:

    — 50,000 bonus Avios after spending $3,000 within the first three months
    — 25,000 additional bonus Avios after spending $10,000 total within the first year
    — 25,000 additional bonus Avios after spending $20,000 total within the first year

    Presuming, for a moment, that your initial spend is NOT on airfare, spending $3k = 53,000 Avios (3k @ 1x/$1, plus the 50k bonus). At 1.5¢, you get Avios worth $795. Spending another $7k (again, let’s presume zero spending on airfare), nets you 32k Avios, worth $480. Spend $10k more, and receive 35k Avios (10k on spend, plus the 25k bonus), worth $525. Total = 120,000 Avios for $20,000.

    For your initial spend, your earning rate — which, at 1 Avio per $1 — is now 17.667 Avios per $1. The middle tier takes your rate down to 8.5/$1 — still very nice, don’t get me wrong — and for $100k, your return drops to 6/$1. Again, all this presumes your spend will only give you 1 Avio per dollar, but — still! — talk about the Law of Diminishing Returns . . . .

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