The offer, in one sentence

Three Chase cards — the British Airways Visa Signature, the Iberia Visa Signature, and the Aer Lingus Visa Signature — are each paying 90,000 Avios after $5,000 in purchases within the first three months of account opening, with a $95 annual fee. Chase's own page for the British Airways card stamps the elevated offer with an end date of October 28, 2026; the Iberia card's page is showing a limited-time countdown already at zero days. If this offer matters to you, treat October 27 as the last safe day to apply.

Why three cards have the same bonus

This isn't a coincidence. British Airways, Iberia, and Aer Lingus all price awards in the same currency — Avios — and Chase issues a co-brand card for each one. The three cards share an identical earning skeleton: 3 Avios per dollar on British Airways, Aer Lingus, Iberia, and LEVEL flight purchases; 2 Avios per dollar on hotel stays booked directly with the hotel; 1 Avios per dollar on everything else. All three pay 2,500 anniversary Avios each account anniversary year and charge no foreign transaction fees.

Where they differ is the airline-specific perk set, and that difference is the entire reason to pick one card over another:

• British Airways: a Travel Together Ticket every calendar year you spend $30,000 on the card (two years to use it), plus up to $600 per year in statement credits — $100 for economy or premium economy, $200 for business or first — when you book a reward flight to London and pay the taxes and fees with the card. You also get 10% off British Airways flights starting in the U.S. when you book through the website in your welcome materials.
• Iberia: a $1,000 discount voucher toward two tickets on the same Iberia flight every calendar year you spend $30,000 on the card, plus 10% off Iberia flights booked at iberia.com/Chase10.
• Aer Lingus: an economy companion ticket each calendar year you spend $30,000 on the card, aimed squarely at U.S.–Ireland flyers.

None of the three waives the $95 fee in year one. These are bonus machines, not everyday spenders — the everyday earning categories are thin by design.

The first-year math

The standard public offer on these cards is 75,000 Avios, so the elevated offer is worth an extra 15,000 miles. Assume you put the full $5,000 of qualifying spend at 1x — the worst-case scenario — and you end year one with 95,000 Avios. That's an effective return of 19 Avios per dollar spent.

Value Avios conservatively at 1.2 cents each and the bonus alone is worth about $1,080 — over $985 net of the annual fee, from $5,000 of spend you'd be making anyway. That puts these three cards in the top tier of Chase consumer card offers this year on first-year value per dollar of required spend.

Why Avios is the right currency to stockpile right now

Avios is the rare airline currency that behaves like a transferable one. Miles earned on any of the three cards can move 1:1 between British Airways, Iberia, Aer Lingus, Qatar Airways, Finnair, and Vueling accounts (the receiving accounts need to be at least 90 days old). That means a single 90,000-Avios bonus is effectively six program balances you can draw from.

Put concretely: Iberia business class between the U.S. and Madrid prices from 40,500 Avios one-way in off-peak season out of New York, Boston, Chicago, or Washington, D.C. One 90,000-Avios bonus covers a round trip (81,000) with 9,000 to spare. Qatar Airways business class between the U.S. and Doha goes for 70,000 Avios with minimal surcharges through the British Airways side — a Qsuite seat that routinely retails for $3,000+ cash. And short-haul domestic flights on American Airlines or Alaska book from around 13,500 Avios one-way.

That's the key structural point: you don't need to fly any of the three card brands to use the bonus. You need an Avios program with the right partner pricing for your route.

Who should apply — and who should pass

Apply if: you have a real trip in mind within the next year — a Spain trip on Iberia, Ireland on Aer Lingus, or a partner award through British Airways or Qatar — and you can put $5,000 on the card in three months without changing your spending habits. The bonus pairs especially well with spring 2027 Europe planning, since Iberia off-peak business availability opens up 10–12 months out.

Pick the card by the perk, not the brand: if London is your destination, the British Airways card's reward-flight credits directly offset its infamous surcharges. If you fly Spain, the Iberia card's $1,000 two-ticket voucher is the richest of the three spend perks. If you fly Ireland, Aer Lingus is the only sensible choice.

Pass if: you're over Chase's 5/24 limit — all three cards count toward it, and burning a 5/24 slot on a 90,000-Avios offer when a 100,000+ point offer on a flexible currency might appear next quarter is a real opportunity cost. Pass too if you'd need to manufacture spend to hit $5,000: never spend money you wouldn't otherwise spend just to earn a bonus.

Don't try to triple-dip

These are three separate products with three separate bonuses, and the temptation to apply for all three is obvious. Resist it. Three applications in one week is three hard inquiries, three slots against 5/24, and $15,000 of required spending in three months — $285 in annual fees before you've earned a single mile. One card, chosen for the perk that matches your actual flying, beats three bonuses and a depleted credit profile.

Conclusion

Chase's three Avios cards pay 90,000 Avios for $5,000 of spend and $95, and then the window closes — the British Airways page says October 28, and the Iberia countdown is already at zero. At roughly 19 Avios per dollar of required spend, this is one of the richest first-year returns Chase has attached to a $95 card this year, and Avios is flexible enough that the bonus isn't hostage to one airline's route map. The analysis is simple: pick the card whose perk fits your next trip, make sure 5/24 has room, and apply before the offer reverts to 75,000.

💡 Why This Matters for Your Strategy

News in the points-and-miles world moves fast, and promotional changes often have a short window. If this announcement affects a card or program you hold, log into your awardtrail dashboard to check your current benefit usage, bonus progress, and whether a transfer or redemption makes sense right now — before terms change.

As a general rule: transfer points only when you have a specific redemption in mind — transfers are almost always one-way and non-reversible. If you're unsure of the value, check our redemption guides before acting.

View Redemption Guides · Read Our In-Depth Analysis

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