Synchrony Cathay Pacific Credit Card Review (2018.9 Update: 40k Offer)

Cathay Pacific (CX) Visa Signature Card Review

2018.9 Update: The new offer is 40k, and it expires on 2018.10.31.

2018.4 Update: The new offer is 35k + 25k, first year annual fee not waived any more. Offer expires on 2018.06.30. But the spending requirement for the 25k part is too much, I don’t think it is worth spending.

Application Link

Benefits

  1. 40k offer: earn 40,000 Asia Miles after spending $2,000 within the first 90 days. The regular offer is 25k.
  2. Earn 2 Asia Miles per $1 spent on eligible Cathay Pacific purchases, 1.5 Asia Miles on restaurant and purchases outside US, 1 Asia Mile per $1 on other purchases.
  3. New members will enjoy a complimentary first year green tier membership in the Marco Polo Club.
  4. No foreign transaction fee.

Disadvantages

  1. $95 annual fee, waived for the first year.
  2. Asia Miles will expire after 3 years from the earning date. Unlike the airlines in the US, Asia Miles DO NOT reset the clock for miles activity. So do not accumulate Asia Miles if you don’t have a plan.

Recommended Application Time

  1. We recommend you apply for this card after you have a credit history of at least two years and you are very comfortable with the credit card game.

Summary

The 50k highest sign-up bonus is a decent offer, catch it if you have a traveling plan. The regular 25k offer is just so so. Remember that you can also get Asia Miles by transferring from Citi TYP and AmEx MR, so this offer is just another way to stack Asia Miles. Synchrony is not a big player in the miles game, we should probably wait for more data points before applying.

Historical Offers Chart

Note: there is a 35k + 25k offer, but the spending requirement for the 25k part is too much, so I don’t count that as sign-up bonus.

Application Link


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