Credit Cards With 50,000 Bonus Miles

Oct 07, 2016 | Be First to Comment!

bonus miles

For many rewards credit cards offering sign-up bonuses to new applicants, 50,000 miles or points is among the highest available. Although each offer might vary, this bonus is typically worth at least $500, depending on the rewards and how you redeem them.

If you are planning on making a large purchase or taking a vacation right away, a 50,000 miles bonus can result in a significant discount on those purchases. Because this particular bonus can be so valuable, it’s important that new cardholders take a look at how you plan to use the card, as well as how much the bonus can be worth to you.

The types of credit cards that are most likely to offer sign-up bonuses worth 50,000 bonus miles are airline rewards cards, hotel rewards, and credit cards designed to provide travelers with extra value when they use the card. With such a high-value sign-up bonus, these cards usually charge annual fees as well. However, depending on the particular offer, a 50,000 bonus sign-up offer can help pay for any annual fee for a couple of years.

Cards with 50,000-Point Offers

The following credit cards currently offer new cardholders a sign-up bonus worth, at least, 50,000 bonus miles or points.

Chase Sapphire Preferred® Card

As one of the most popular general travel rewards cards, the Chase Sapphire Preferred® Card is ideal if your travel plans vary. This card currently offers new cardholders 50,000 bonus points after spending $4,000 in the first 3 months of account opening. You can then redeem these points for cash or gift cards worth approximately $500, or you can transfer your points to airline or hotel partners. Further, if you use your points to book through Chase’s online portal, the points are worth as much as 1.25 cents per point, which boosts the value of your 50,000 miles bonus to $625.

Citi® AAdvantage® Executive World Elite™ MasterCard®

citi-aadvantage-executive-credit-cardFans and frequent flyers of American Airlines can get the most out of the sign-up bonus offered by the Citi® AAdvantage® Executive World Elite™ MasterCard®. For a limited time, you get 60,000 AAdvantage®miles after you spend $5,000 with the card in the first 3 months. You can redeem miles for award flights with American Airlines, with airfare starting at 12,500 miles for a one-way MileSAAver flight within the United States. Depending on how you redeem your miles, this bonus can be enough for, at least, two round-trip domestic flights or as many as four one-way flights.

Lufthansa Premier Miles & More

LH_CreditCardIf you prefer flying Lufthansa, you can earn 20,000 award miles after your first purchase and payment of the annual fee, then you get another 30,000 award miles after spending $5,000 in the first 90 days of opening the account. This is one of the only bonuses awarded just for making a purchase with the card. You can redeem your miles for flights and upgrades with Miles & More Partners, Star Alliance Partners, and for hotel and car rentals.

Southwest Airlines Rapid Rewards® Plus Credit Card

Southwest Rapid Rewards Rewards PremierThis card awards 50,000 bonus points after you spend $2,000 with the card in the first 3 months. You can redeem your points for flights with Southwest Airlines, gift cards, car rentals, and hotel stays. If you redeem for Southwest’s least expensive tickets, which are referred to as Wanna Get Away flights, your points can be worth as much as 1.4 cents for each point. This card also includes extra flight perks and benefits for those flying Southwest Airlines.

Ways to Meet Spending Requirements Fast

Whether you are planning a vacation that’s coming up or you just want to make sure you meet the spending requirement in time to earn the bonus, you might be trying to figure out the best way to meet the spending requirements fast.

Here are some of our recommendations for making sure you spend wisely and get the most out of your sign-up bonus.

Hold off for a major purchase

Although you might be panicked to take advantage of the sign-up bonus right now, it could be in your best interest to wait a while. Sign-up offers can frequently change, but no matter when you catch them, there’s always something available. If you don’t have any big purchases planned right now, it might be best to wait to sign-up for the card when you do have something large to help you meet the requirement.

Purchase gift cards for later

Another option is to use your new card to stock up on gift cards that don’t expire. You can then use these cards when you need them, or save them to use as gifts for friends and family members. It’s important that you select gift cards without expiration dates or dates you can manage so you don’t risk purchasing a bunch of cards you can’t use. Also, look for gift cards that you can use for day-to-day spending, like for groceries, office supplies, or dining out at your favorite restaurant.

Spend on behalf of friends and family

If you need help meeting the spending requirement, ask friends, coworkers, and family members if they plan on making a large purchase anytime soon. You can then offer to charge the cost of the purchase on your card, and they can simply reimburse you with cash. It won’t cost them anything extra, and you can get some help meeting your spending requirement and earning your sign-up bonus.

Getting the Most Out of Sign-Up Bonuses

It’s important to note that, in order to get the most out of your sign-up bonus, you have to make sure you pay your balances in full each month, so you avoid paying interest for your purchases. Because the APR for rewards cards can be higher, even as much as 20%, carrying a balance from month to month and paying interest is going to decrease the value of the rewards. In fact, if you carry a balance, you could end up paying more for the rewards than you get out of them.

Spending Requirements Are Strict

It is particularly important when taking advantage of sign-up bonuses that you pay attention specifically to the requirements. Most card issuers clearly state in the fine print, that if you don’t meet their terms, you won’t earn the bonus.

If this happens, you usually don’t get any do-overs, either because even if you try to re-sign up for the card again, these offers are usually reserved for new cardholders. Make sure you plan your spending and double-check that your purchases meet the bonus requirements needed.

Worries Over Taxes on Sign-up Bonuses

Often, when you sign-up for checking or savings accounts and get an extra bonus, you have to pay taxes on those bonuses.

However, with credit card bonuses and rewards, the miles and points you earn are considered rebates, which means you don’t have to pay taxes on any sign-up bonuses you earn. This is particularly beneficial, especially when many of these bonuses can be worth hundreds, even thousands of dollars, depending on how you redeem them.

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