I signed up for a Continental Mastercard back when there was a 46,000 mile signup offer. I considered that worth the price of an annual fee, especially considering that since Continental joined the Star Alliance their frequent flyer program has become one of my favorites.
For the first time that I’m aware of, though, they’re now offering a no fee the first year deal which also comes with 25,000 bonus miles. Not 46,000 to be sure, but at no cost other than a hard pull on your credit it’s still pretty good.
The biggest reason not to do it? Chase has become more and more difficult getting new credit cards if you’ve applied for other cards with them in the past six months. So if you’re considering in the future a Hyatt Visa from Chase, or waiting around for the British Airways 100,000 mile bonus offer to re-appear, you might well take a pass.
But for a no-fee offer, this one is pretty good.
Update: Here’s a link offering 30,000 bonus miles (25,000 with first purchase and 5,000 for adding an authorized cardholder to the account) with fee waived the first year. Very Nice.