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As I wrote about yesterday, the increased sign-up bonus on the Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard® is scheduled to end tomorrow, Thursday, July 13, 2017. This is the best sign-up bonus we’ve ever seen on the card, so in this post I wanted to look at six reasons you should consider picking up this card today.
The best bonus we’ve ever seen on the card
The Citi AAdvantage Platinum Mastercard is offering a sign-up bonus of 60,000 AAdvantage miles after making $3,000 of purchases within the first three months, which is the biggest publicly available bonus I ever recall seeing on the card.
In fairness, American miles have been devalued a bit over the years, so that’s only reasonable. However, 60,000 miles is a very good sign-up bonus. We don’t know what the bonus will be after tomorrow, but I suspect it’ll be somewhere between 30,000 and 50,000 miles upon completing minimum spend.
The first year’s annual fee waived
While the card has a reasonable $95 annual fee, it’s waived for the first year, so this is a chance to “try it before you buy it,” as you’ll have 12 months without an annual fee.
Perks when flying American
If you’re not an American elite member, you’ll appreciate the perks offered with the card if you ever fly American. These perks include preferred boarding on domestic American flights, as well as the first checked bag free on domestic itineraries for you and up to four companions on the same reservation. That can save you a significant amount of money if you ever check bags on domestic itineraries.
A 10% refund on mileage redemptions
As an American elite member the above doesn’t benefit me much, though this benefit is enough reason for me to hold onto the Citi AAdvantage Platinum Mastercard. The card offers a 10% refund on redeemed miles, for a total refund of up to 10,000 miles per year. So if you’re like me and redeem at least 100,000 American miles per year, you’ll come out ahead with this benefit alone.
As long as you value American miles at a minimum of 0.95 cents each (which hopefully all of us do), that more than justifies the annual fee.
The potential to earn lots more bonus miles
You can pretty easily pick up 170,000+ AAdvantage miles by getting three American credit cards. In addition to the above 60,000 mile sign-up bonus on the Citi AAdvantage Platinum Mastercard, you can earn:
- 70,000 AAdvantage miles after making $3,000 of purchases within the first three months with the CitiBusiness® / AAdvantage® Platinum Select® World Mastercard® (the card has a $95 annual fee, which is waived the first year)
- 50,000 AAdvantage miles after making a purchase within the first 90 days with the AAdvantage Aviator Red World Elite Mastercard (the card has a $95 annual fee, which isn’t waived the first year)
Great premium cabin partner redemption opportunities
While I’m extremely frustrated by American’s lack of saver level award seats on their own flights, there are still excellent redemption opportunities available on partner airlines.
Just looking at redemptions originating in the US, 70,000 AAdvantage miles will get you a one-way business class ticket from the US to Asia, the Middle East, India, etc. This can be on airlines like Cathay Pacific, Japan Airlines, Etihad, Qatar, etc.
I’ve lowered my valuation of American miles from 1.5 cents to 1.3 cents each recently, but I can’t value them much lower than that. At the end of the day, one of the above awards is easily worth ~$1,800 roundtrip, which is what you’d be paying with my valuation.
American miles are worth less than they were before, but most definitely not worthless.
This is your last chance to take advantage of the increased sign-up bonus on the Citi AAdvantage Platinum Mastercard. This bonus is the best we’ve seen on the card, the card should be pretty easy to be approved for, and I find that it’s a card that’s worth holding onto long term for the 10% refund it offers on redeemed points. Even with my recently lowered valuation of 1.3 cents per American mile, the sign-up bonus on this card is still worth ~$780.