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New Continental OnePass Plus from Chase: Get a Free Flight and $50

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We’ve written about Chase’s co-branded Continental OnePass Plus credit card in the past, since it’s a great way to accumulate miles if you are a loyal Continental customer.  Our math-on-math showdown even had it beating out the Chase Sapphire Preferred in terms of the rewards you can earn. And nowadays, Continental and Amex Membership Rewards are no longer in cahoots, so American Express cardholders can’t earn flights on the airline. The Chase card is the only airline miles card that can.

If you’re still not convinced, they’re increasing the signup bonuses to earn your business.  Not only do you earn 25,000 miles on your first purchase, but you’ll also pick up $50 of real cash.  This is enough for a free domestic flight, plus an additional $50.  And there’s still the standard bonuses on top of that:

  • Another 5,000 bonus points for adding an authorized user to your account (like your spouse or your child).
  • First checked bag is free when you buy your Continental tickets with your card, which could save a family of four $200 every time you fly roundtrip.
  • Earn double miles for Continental flights purchased with your card.

So even though the card has an $85 annual fee after the first year, this is easily mitigated by the bonuses.  We estimate that each of those miles is worth about a penny, so the signup bonuses are worth up to $250 + $50 + $50 = $350.  And saving up to $200 every time you fly makes up for the annual fee by itself.