Update #3 (10/1/11): these apps have expired...for now!
Update #2 (3/25/11): the applications for this Visa and this Business Visa are still working even though they are past their expiration date. They are for 75,000 miles with $1,500 in spending. You can also call 800-408-4311 to register for this promotion over the phone.
Update: the 100k with $10k offer below expired on 10/31/10 but thanks to loyal reader Andy we have updated applications - Business Visa, Personal Visa or Personal Amex - for 75,000 miles bonuses with $4,000 in spending within 6 months. These are marked as being valid through 2/28/11, but reportedly still work.
How does 5 free domestic flights on American Airlines sound? Or 1 free international flight in business class?
Right now, Citi and American Airlines are offering the most lucrative credit card signup bonuses yet: the Citi Platinum Select AAdvantage Visa Signature Card or Amex Card nets you 50,000 miles when you spend $750 in your first 4 months and another 50,000 if you spend $10,000 in the first 12 months. The same goes for the CitiBusiness AAdvantage Visa Card if you are able to apply as a small business owner or sole proprietor.
If $10,000 minimum spend is too high, consider the Citi Platinum Select AAdvantage Visa Signature Card or Amex which give you 75,000 miles when you spend $1,500 in the first 6 months. The same goes for the CitiBusiness AAdvantage Visa.
There is the potential to apply for both personal and business for you and a spouse or signficant other and earn up to 400,000 free American miles!
What are these miles worth? 100,000 miles can be redeemed for 5 free domestic roundtrip tickets at 17,500 per award using reduced mileage awards for Citi AA cardholders, 4 free domestic roundtrip tickets using American's MileSAAver award tickets, 2 domestic first class roundtrip tickets or 1 free roundtrip business class ticket to Europe, Japan or South America. These business class tickets can run from $3,000 to $10,000 so if used correctly you can realize up to $10,000 in value! See American's Mileage Chart for full details. Miles can also be redeemed on American's OneWorld Alliance Partners, including Cathay Pacific, British Air, Qantas and more.
There's no annual fee for the first year and the cards can be cancelled prior to that and you get to keep your miles.
Unofficially, these miles count towards lifetime elite status. Their Lifetime AAdvantage Gold is conferred after just 1 million miles earned from any source. Remember, with this promotion you could potentially be 30% of the way there this year without even flying! Gold status gives you complimentary upgrades on booked flights for you and a companion, you accumulate miles at a 25% higher rate, priority check-in, and on and on. The benefits are even better for Platinum (2 million miles).
Caveats: you'll likely need a 720 or higher credit score to get approved (buy your credit score & report for $11.96 after code FICO25 here). As always, read all the full fine print. If you don't have a very high credit score there are ways to improve it but that's another post entirely!
Update: yes, there is no visual indicator of the offers on the signup pages but these links were pulled from an email outlining the offers.