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Rewards roundup at Citi, Chase

By Janna Herron · Bankrate.com
Friday, June 22, 2012
Posted: 12 pm ET

Citi adds a rewards program partner, while Chase extends a lucrative sign-up offer on an airlines rewards credit card.

First up: Citi is pairing up with Live Nation to offer its cardholders a way to shop for concert tickets using rewards points. The entertainment ticket provider is the first "Shop with Points" merchant for Citi's ThankYou Rewards program.

The issuer and Live Nation already offer ticket presales, preferred tickets and VIP experiences and access through the Citi Private Pass program, available to those with an eligible Citi credit or debit card.

Next: British Airways Visa Signature card extends an offer to new cardholders to earn up to 100,000 British Airways miles in the first year. The deal was supposed to expire this week, but is being extended for a limited time, according to Chase, which backs the card.

New cardholders can get 50,000 extra miles after the first purchase. They can add another 25,000 after spending $10,000 in the first year, followed by another 25,000 miles after charging an additional $10,000 in the first year.

(If you're keeping count, that means you need to spend $20,000 in the first year to get the 100,000 miles, the equivalent of one round-trip transatlantic business class ticket. Imagine if you opt for economy seats.)

The card also features no foreign transaction fees and EMV chip technology for easier use abroad. Cardholders earn 2.5 miles for every $1 spent at British Airways; 1.25 miles for every other $1; and a British Airways companion ticket every year if they spend $30,000 in that year.

Before you rush to sign up, here are few points to consider. Do you regularly make $20,000 in credit card purchases a year? If not, it may not be worth doing it just to get the 100,000 bonus. Same question applies for that free companion ticket. Don't go into debt to get rewards.

Second, do you fly British Airways often? If not, maybe you should find a card that works with an airline you use frequently. Or, consider a travel rewards card that isn't affiliated with just one airline.

In general, make sure any new credit card fits your financial lifestyle.

What do you think of the British Airways sign-up bonus?

Follow me on Twitter: @JannaHerron.

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