JP Morgan Raises the Credit Card Reward Stake by Offering 100,000 Miles

JP Morgan Chase has recently begun touting a new program offering new customers 100,000 airline miles.

JP Morgan Chase has recently begun touting a new program offering new customers 100,000 airline miles, intensifying the battle for affluent spenders.

The miles, worth more than a round-trip transatlantic flight, will be awarded to customers who spend $2,000 on the co-branded British Airways Signature Visa cards within the first three months, according to their statement.   Customers spending at least $30,000 in the first year will receive a matching travel voucher for a companion to fly British Airways and card holders will earn 1.25 miles for each dollar spent, according to the statement. There’s a $75 annual fee.

While British Airways isn't the most convenient airline for Americans travelling anywhere other than London these days (as anyone who has ever tried to connect onwards to another flight at Heathrow is well aware), frequent flier members can get tickets on several OneWorld partner airlines, including American and Cathay Pacific.  Iberia, the Spanish carrier which is due to be acquired by British in 2010 or 2011, is also already a member of the OneWorld Partnership.

Bottom Line: Something to look into if you are planning to spend a lot this holiday season and want reward miles.

Ari Socolow
Ari Socolow: Ari Socolow is the Chief Economist and Editor-in-Chief at BestCashCow. He is particularly interested in issues relating to financial literacy and bank transparency. Since co-founding this website in 2005, Ari has been frequently cited in the media as an expert on local and national savings accounts, CD products, mortgage and loan products and credit card rewards products.

Advertising Disclosure: BestCashCow has partnered with CardRatings for our coverage of credit card products. BestCashCow and CardRatings may receive a commission from card issuers.

Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author's alone, and have not been reviewed, endorsed or approved by any of these entities.

User Generated Content Disclosure: Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


Your code to embed this article on your website* :

*You are allowed to change only styles on the code of this iframe.

Comments

Add your Comment