British Airways Visa Signature Credit Card
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For avid British Airways travelers, here’s a card that offers big travel rewards for big spending on the airline. Not only does the British Airways Visa Signature Credit Card offer a generous sign-up bonus of 75,000 points within the first year if you meet spending requirements, but cardholders can also get a companion ticket each year if they spend $30,000.
As with many airline-specific rewards cards, the British Airways Visa Signature Credit Card offers the most rewards for purchases made through the airline. Cardholders can earn 3 Avios, British Airways’ term for rewards points, on every $1 spent on British Airways. All other purchases get just 1 Avios per $1 you spend.
You’ll also collect 50,000 bonus Avios if you spend $3,000 in the first three months and then another 25,000 Avios if you manage to spend $10,000 within the first year. This offer is only good for new cardholders.
However, new and old cardholders both get a chance to snag a Travel Together ticket if they spend $30,000 within one calendar year.
Keep in mind, you will be required to pay taxes, fees and carrier charges on this companion ticket, which isn’t cheap. Depending on the flight, economy travelers will have to cough up between $682 and $1250 per adult and business class passengers will pay $1250 in taxes and fees. You have two years to use the Travel Together ticket once it’s issued.
The $95 annual fee seals the deal on this card being designed for frequent swipers. If you don’t use your credit card often, you can end up losing money on this card. You’d have to spend about $1,000 per year on British Airways purchases and approximately $550 per month to break even. If you don’t think you’d spend that much and you still want to earn travel rewards on what you do spend, then you should consider getting a no-annual-fee card, like the Bank of America Travel Rewards Card.
Who should get this card
Unless you mainly travel on British Airways, then there’s no real reason to get this card. It’s truly designed for the ardent British Airways flier, as they will get the maximum rewards for their purchases through the airline. The $95 annual fee means that you need to spend at least several hundred dollars per month on the card to get value; so if you’re traveling on British Airways often then you could end up with some valuable rewards come year’s end, such as a free companion ticket.
Fees and APR
- There is a $95 annual fee.
- You’ll pay a variable APR ranging from 16.99% to 23.99%.
- The cash advance APR is 25.99%.
- You won’t have to pay a foreign transaction fee.
Extras, perks and using points
Cardholders who make $30,000 in purchases during a calendar year will earn a Travel Together Ticket.
International travelers won’t have to pay a foreign transaction fee.
You’ll get to choose your seats 24 hours before departure.
How this card compares
The Citi Prestige Card gives air travel rewards at a rate of 3X points to the Amex Platinum’s 5X points. But, it comes with one perk that could make it worth more to you: on hotel stays of four or more nights booked through the Citi concierge, get the fourth night free. For some, this benefit could exceed the cost of card ownership.
The Barclaycard Arrival Plus World Elite MasterCard will likely appeal to those who want the most flexible redemption options for their miles. You can use your earnings to book travel, get a statement credit for travel purchases, or for gift cards and select merchandise. This may be of greater value to you depending on your spending habits.
The Chase Sapphire Preferred Card’s hefty sign-up bonus, boosted redemption value when using the Chase portal, and a generous rewards program make this card a stand-out among travel rewards cards offering big value for minimal cost. Since Chase Ultimate Rewards points can be used for everything from flights to lodging to cruises, this also makes it one of the most flexible redemption programs among travel cards.