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At the moment there’s an increased sign-up bonus on the British Airways Visa Signature® Card. The card is offering a sign-up bonus of 50,000-100,000 Avios, depending on how much you want to spend. The breakdown of the bonus is as follows:
- 50,000 bonus Avios after you spend $3,000 on purchases within the first 3 months from account opening
- 25,000 additional bonus Avios after you spend $10,000 total on purchases within your first year from account opening
- 25,000 additional bonus Avios after you spend $20,000 total on purchases within your first year from account opening
In other words, you can spend just $3,000 within three months and get 50,000 bonus Avios, or if you’re willing to spend an additional $7,000 or $17,000, you can get an additional 25,000 or 50,000 Avios, respectively. Even if you only plan on getting to the 50,000 Avios spend threshold, I think the bonus is still very much worthwhile. You don’t really see bigger bonuses on this card without bigger spend thresholds.
I had the British Airways Visa Signature® Card years ago (it has probably been about five years), and the cardmember bonus is available to those who haven’t gotten the bonus on the card in the past 24 months. So I decided to apply for the card.
As far as Chase cards go, the single card I most want is the Ink Business Preferred℠ Credit Card, but that card is subjected to Chase’s 5/24 rule, so I wouldn’t be eligible. However, the British Airways Card isn’t subjected to that to that rule, making me eligible.
So I applied online for the British Airways Visa Signature® Card online. The application process was easy, and upon completion I received a notice thanking me for applying, and asking me to call in to finish processing my application. I wasn’t surprised by this notice, since I didn’t think I’d get instantly approved.
Instead I viewed this as a positive notice, since typically you get this message when you’re likely to be approved, but they just need to verify some things or change credit lines around.
I phoned up Chase, and the representative went through my credit report, etc. He spent about 10 minutes analyzing my credit, and then said I could probably be approved, but asked if I’d be willing to move around some credit lines. This didn’t surprise me, given how much credit I have with Chase across my various cards. As it stands, I have the following personal Chase cards:
- The Hyatt Credit Card
- IHG® Rewards Club Select Credit Card
- Chase Sapphire Reserve®
- Chase Freedom® Card
- Chase Freedom Unlimited®
The analyst asked how much credit I was looking for on the British Airways Visa Signature® Card. I said $10,000 would be ideal, and he asked if they could move $5,000 worth of credit lines from another card in order to accommodate that.
I said that was fine, and asked if they could take it from The Hyatt Credit Card. It’s an awesome card that I’ve had for years, but not one I put a ton of spend on (unlike most of the other cards).
The entire call took about 15 minutes, and he said the card was conditionally approved, but would have to go through a senior analyst, and that I should receive a final decision within a week or so.
I’m happy to have applied for the British Airways Visa Signature® Card, given that it’s one of the easier Chase cards to be approved for, and you’re eligible even if you’ve had the card in the past (as long as you didn’t earn the bonus in the past 24 months). As is often the case with Chase, I seem to be somewhat limited with the credit they’ll extend me, but they’re happy to move those credit lines around between personal cards.
I’m still undecided as to how much spend I’ll put on the card. I’ll definitely meet the minimum spend for 50,000 Avios, but don’t know if I’ll go for the incremental 25,000 Avios, 50,000 Avios, or aim for $30,000 worth of spend in a calendar year to earn the companion certificate.
Regardless of that, Avios are extremely valuable for travel on British Airways’ partner airlines, like American, Alaska, LATAM, etc.