It’s back for 2012! Launched on April 11th this very-limited time promotion from Chase let’s you earn up to 100,000 Avios points. Here is the fine print behind the offer:

• 50,000 points after your very first purchase
• 25,000 more points for spending at least $10k during your first year
• Plus another 25,000 pts for making another $10k in purchases the first year.

Conclusion? The 50k points bonus is a good enough reason to apply. But you especially need to apply if you spend at least $20k per year (that’s an average of $1,667 per month). Because then you’re netting a cool 100,000 miles. Chase is only running this for a very short amount of time so don’t miss it. Go here for the promotion details and how you can signup.

I’ve been a holder of the British Airways Visa Signature card for exactly one year. I applied for it back in spring of 2011, during the first and only other time Chase ran the 100,000 miles promotion.

In a moment I’ll show you just how valuable the bonus is. But first, let me explain to you why this is one of the best airline credit cards on the market… even if you don’t travel abroad!

Reason #1: Higher reward value vs. the other guys

Last year the British Airways frequent flyer program (Executive Club) started using Avios points instead of miles. It’s a bigger program, with more ways to earn/spend your points.

• 1.25 Avios points for every dollar spent
• 2.50 Avios points per dollar on British Airways

As I’m sure you know, most airline cards only give you 1 mile (or point) on regular spending. However the British Airways credit card offers you 25% more points on these purchases. Best of all, you can do a lot with the points, which I will demonstrate next…

Reason #2: Your points will go a long ways

Here an example of the number of Avios points needed for a one-way flight from Chicago to London:

Of course for a round-trip flight, the amount would be doubled (40,000 pts). This is why the British Airways 100k miles offer is so ridiculously generous… it’s enough points to score you 2 roundtrip tickets from the US to UK. As is the case with all mileage programs, please note you still have to pay the taxes/fees (which can run a few hundred bucks on a transatlantic flight).

Is a trip to England not your cup of tea? No worries, because you can use your Avios for a lot more. As a partner of British Airways, you can use your credit card points to book award flights on all American Airlines flights, too (except for those to/from London).

See how 25,000 points can score you a roundtrip flight to Hawaii? At the same time, I got a quote for the cash price for this ticket on the American Airlines website (which is the cheapest place to book AA flights) and the price I was quoted was $589.41.

Pay $589.41 or redeem 25,000 miles and only pay $21.80 in taxes? The value is obvious – for this particular fare you would be getting more than $0.02 value per Avios point!

Now you see exactly why this British Airways credit card promotion for 100,000 miles (Avios points) is so unbelievable. Think about it… you could use the 100,00 points to score up to 4 flights to Hawaii!

Reason #3: Your credit card benefits

It comes jam-packed with benefits:

• No Foreign Transaction Fee – Never again will you have to pay that 2-3% fee for using your card abroad.
• Travel Together Ticket – You earn one of these tickets every year you spend at least $30k on your British Airways Visa Signature card (and it’s good for 2 years after being issued). It allows you to bring a companion on your next reward flight for free – just pay the usual taxes/fees on the second ticket and that’s it. You can use the Travel Together Ticket for whatever cabin you fly, wherever BA flies, on whatever date you want (no restrictions).
• Embedded with chip and pin – Ever try using your American credit card at say, a train ticket kiosk in France? Good luck with that! Almost everywhere else in the world uses credit cards with chip and pin. Some places won’t accept your card if it doesn’t have it. This is one of the very few U.S. cards that currently comes with it.
• Visa Signature Benefits – This is the highest tier of a Visa card you can get. It means you get a number of extra perks free of charge on eligible purchases such as extended warranties, purchase protection, etc. You also get 24/7 access to the Visa Signature concierge line.

Is it the best offer ever?

I have NEVER seen a signup offer that competes with the Chase British Airways card’s 100k miles.

It’s a promotion that’s so insanely lucrative, even those who don’t travel to Europe are applying for it in a heartbeat. The $95 annual fee is peanuts compared to the benefits you are getting in return (and yes, I love it so much I just renewed my account for the 2nd year).

Not to mention, aside from the 100,000 bonus points, remember you will still be earning more value than most airline cards given the 1.25 pts/dollar on your everyday spending.

Apply now and earn up to 100,000 bonus miles!