The Offer
- Receive a sign up bonus of 48,000 kms (30,000 bonus miles), broken down as follows:
- 20,000 miles after your first purchase within 90 days of account opening
- Additional 10,000 miles after you make a total of 45 transactions within 90 days of account opening
The Fine Print
- Valid until December 31st, 2015
- You won’t always be approved for the Visa Signature, you might be approved for the standard card or secured card which have lower sign up bonus
Card Details
- Annual fee of $75 is waived for the first year
- 4,000 Bonus Miles (6,437 kms) anniversary bonus
- 20% off (up to $1,000) your first LAN or TAM purchase one time per year
- 3 upgrade coupons each year on LAN
- 25% flight bonus when flying on LAN
- Valid until June 30th, 2015
- Card earns at the following rates:
- 2x miles per $1 spent on all LAN/TAM purchases
- 1x miles on all other purchases
Our Verdict
What I find most interesting about this offer is that there is no minimum spend requirement, but instead a transaction requirement. Last time that U.S Bank offered this deal they required $2,500 in spend, presumably they think that people will spend more than $2,500 if required to make 45 purchases (works out to be about $55 per transaction). Personally I don’t mind this, as it’s much easier to generate cheap transactions than spending $2,500.
I can’t seem to locate the LAN award chart (old link is not working), but 30,000 miles should be enough to get you a round trip ticket to Peru, Colombia, Ecuador & the Caribbean. Or you can transfer more miles in from SPG (1:1.5 rate).
If you’re thinking of applying for this card, keep in mind that U.S Bank isn’t very generous when it comes to credit cards and that it’s a good idea to freeze your SageStream and ARS reports before applying. The standard offer on this card is just 20,000 miles after your first purchase.
Hat tip to abcpp on Flyertalk via Lazy Travelers