https://applynow.chase.com/FlexAppWeb/renderApp.do?SPID=CQ7P&CAT=0&REF=null&AFFID=null&MSC=null&CELL=6R9F&PROMO=DF01&TABID=1

This is only really good for those based in the USA.

I’m used to seeing credit card promotions offering between 10-30k miles for signing up for a branded credit card.  Although generous, you can’t really redeem them for much.  At most, you might be able to redeem a round trip domestic coach ticket.  However, once in a while a great deal comes around.

British Airways and Chase have teamed up to offer an incredible deal.  You receive 100,000 British Airways miles for signing up to the British Airways Signature Visa and spending $2000 within 90 days.  According to their partner award chart, 100,000 miles on British Airways gets you your choice of the following:

2 RT tickets to Asia from LA/SF/NY on Cathay Pacific in Coach

-OR-

1 RT ticket to Asia from LA/SF/NY on Cathay Pacific in Business Class

-OR-

4 RT US Domestic airline tickets on American Airlines.

2 RT flights to Asia are worth about 1200, 1 Business Class ticket is worth about 3,500, and 4 domestic RT tickets probably are worth in the ballpark of about 1200.  There are more options available based on the One World alliance.

Now you COULD use the British Airways miles for flights on British Airways planes, but the fuel surcharges British Airways levies on award tickets are horrendous…typically 400-500 dollar range, more if you’re in Business Class.  If you use the miles on Cathay Pacific, you’re looking at about 1-200 in taxes.

So for about $75 out of pocket plus about 200 in opportunity costs (assuming you use the 2%  rebate Schwab card) for a Business Class round trip flight to Asia from any Cathay Pacific gateway (NY, SF, or LA).

Good deal, no?