February 15, 2017
New Cathay Pacific Card with 25,000 Mile Sign-Up Bonus

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Straight to the Point

Cathay Pacific is launching its first US credit card, which comes with 25,000 Asia Miles after spending $2,500 in the first 90 days of account opening.

 

Overview

You can apply for the new card here. Interestingly, it’s issued by Synchrony bank instead of the typical banks which issue airline credit cards. Here’s a breakdown of the perks:


  • Earn 2X Asia Miles per $1 spent on eligible Cathay Pacific purchases.
  • Earn 1.5X Asia Miles per $1 spent on dining.
  • Earn 1.5X Asia Miles per $1 spent on purchases outside the US.
  • Earn 1X Asia Miles per $1 on everything else.
  • No foreign transaction fees.
  • $95 Annual Fee
  • Earn 25,000 Asia Miles after spending $2,500 in first 90 days of account opening.
  • Free first year Green Tier status in Cathay Pacific’s Marco Polo Club reward program.

 

Should you get it?

None of this card’s benefits are particularly appealing to me. If you’re a very frequent Cathay Pacific flyer and love their frequent flyer program, then this is probably a good card for you as you get 2X Asia Miles per $1 on Cathay Pacific spending. Otherwise, I think there’s better credit cards out there.



The American Express Platinum card offers 5X MR points per $1 spent on airfare, the Citi Prestige offers 3X Citi points per $1 spent on airfare, while the Chase Sapphire Reserve offers 3X UR points per $1 spent on travel & dining. The only category where the Cathay Pacific card comes out ahead is international purchases at 1.5 miles per $1. That’s great but it’s not enough to get me to pay the $95 annual fee when my Chase Reserve already gets me 3X points per dollar on a bulk of my international purchases (travel & dining).

 

You can also just pay $100 to buy the Marco Polo green tier membership outright. So if you’re someone who’d buy it anyway, it makes sense to get this card instead since it comes with one year free in addition to the standard credit card perks.

 

Remember, you can always transfer points from AMEX Membership Rewards, Starwood Preferred Guest, and Citi ThankYou to Cathay Pacific if you want to make an award booking through the airline!

 

Final Thoughts

I’m going to pass on this card as I’m not at all a frequent Cathay Pacific flyer. If I fly Cathay Pacific, it will be via an award booking made by partner American Airlines are through points I transfer from one of its credit card transfer partners.

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