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The US Airways Premier World Mastercard from Barclaycard is offering a 20% bonus on all earned miles from July 1 – August 31, 2014 and some lucky customers may be targeted with a 30% bonus in emails sent out this week. In addition, cardholders will receive a refund for all foreign transaction fees assessed during the same period.
The US Airways Premier card currently comes with a signup bonus of 40,000 miles after the first purchase and payment of the $89 annual fee.
Despite the annual fee charged for the first year, this card has a lot of upside. Some of the benefits will change in 2015 as US Airways completes its merger with American Airlines, but for now cardholders receive the first checked bag free, priority boarding, an annual $99 companion fare and more. Perhaps the most attractive benefit to me is earning the signup bonus after the first purchase instead of having to meet a spend requirement. This is especially pertinent to those who, like me, are working on meeting the $10,000 spend requirement in 3 months for the Citi Executive AAdvantage card (which appears to no longer be available).
The refunded foreign transaction fees are a nice gesture, but I prefer the Chase Sapphire Preferred or Barclaycard Arrival Plus for international travel, since those cards have chip technology and offer better returns, and always waive foreign transaction fees.
Note that the 20% bonus will be awarded in late September or early October, so you won’t have immediate access to those miles in case you plan to use them right away. Typically the 40,000 mile signup bonus is awarded promptly (within one statement) after the first purchase is made and the annual fee is paid.