It's back! It has been almost a year and a half since British Airways offered the well received and applied for Visa Signature card which allowed new card members up to 100,000 BA miles. If you missed out on it last time around, here is another shot.

Apply by May 6, 2011, to receive British Airways "most generous" offer of the year. You will earn 50,000 miles upon your first purchase with the card and an additional 50,000 bonus BA miles after spending $2,500 within the first three months of activation.

That should be enough to earn you two "free" (we use that word loosely, since there are always taxes and sometimes fees associated with frequent flyer programs and airline tickets) trans-atlantic tickets to the many European destinations served by British Airways and the Oneworld team.

Other benefits include:

• No foreign transaction fees.

• BA Miles for every dollar spent—Earn 2.5 BA Miles for every $1 spent on British Airways purchases.

• Earn 1.25 BA Miles for every $1 spent on everyday purchases.

• BA Miles Travel Together Ticket—With the BA Miles Travel Together Ticket, you can bring a companion on your next reward flight without using any additional BA Miles. Every year you spend $30,000 on your card, you’ll earn a Travel Together Ticket good for two years.

As with any airline affiliated credit card there are pages of terms and conditions, so please read carefully before deciding if this is the right deal for you. The annual fee for this card is $95. (Allthough it does state $75 on the Pricing and terms link on the main page, $95 appears on application page) Apply here.

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