British Airways and Chase are still offering British Airways miles if you sign up for the British Airways Visa card. You earn 50,000 with the first qualified purchase, and another 50,000 when you spend $2,000 in the first 91 days. The first year fee is $75 and you earn 1.25 miles per $ or 2.5 miles per $ on British Airways purchases.
You can use the miles for British Airways or their Partners. On British Airways award chart you can use the miles for 1 business class ticket to Europe, 2 coach tickets to Europe, or even 4 domestic coach tickets on American Airlines.
Also if you spend $30,000 on the card in 1 calendar year, you get a buy one get one free award redemption voucher. This means if you spend $30,000 in the first year on the card, you would have 137,500 miles to redeem for 2 business class tickets to Europe.
If you missed this offer the first time it was out THIS IS YOUR CHANCE! Definitely a cheap way to earn miles for redemption on American Airlines or other partners, this is one of the best deals out there. I would however not recommend this card for any other reason than the sign up bonus. I signed up a few weeks ago and have already obtained my card. The first 50,000 miles should post to my account shortly.