Just a quick shout to let you know about a Chase card that has made a great bonus reappearance. This card gives you 50,000 British Airways Avios (the British Airways frequent flyer currency) after $1,000 spend in the first 3 months. It gives you another 25,000 Avios after spending $10,000 in the first year and then an additional 25,000 Avios after spending another $10,000 in the first year. To keep it going, if you spend another $10,000 (for a total of $30,000 in spending in the first year) you will receive a Companion Pass that gives you a free ticket when used with another ticket (even an award ticket) on British Airways. That means you can redeem your newly earned Avios for a first class ticket anywhere in the world on British and another person can go for free. Well, the ticket itself is free. You still need to pay taxes on both tickets and those taxes are HIGH! You will have to transit through the most expensive (airline tax-wise) city in the world (London) so those taxes can be really high if you redeem for first class. However, if you were planning on purchasing two economy class tickets, it should be lower than that for two first class tickets.
British Airways 100000 Avios Chase Credit Card – Application Link (I do not receive a commission from this link)
I will right more in another post about using Avios for different purposes that might be beneficial for you all. It is a distance based redemption program, not zone-based, so it can work out really well or really bad. I will try to help you find the best redemption methods. In the meantime, this is a great card to get. The amount of points earned with this card represents the highest current credit card bonus. Even if you only go for the first 50,000 points, it is still a great card. If you do try to go for the $30,000 spend for the companion ticket, make sure you plan your spend accordingly as that must be done according to a calendar year. I do not currently have this card but I will be applying for it before the offer goes away this time (it expires February 27, 2013).