The Continental Airlines World MasterCard from Chase will provide you with 20,000 bonus miles just for using your card the first time.  The card offers a very good airline miles program especially for those that travel on Continental Airlines.  You will earn double the miles when you purchase through Continental Airlines directly or from various other popular merchants.  In addition, earn 1 mile for every $1 you spend on all other purchases.  There is no expiration date to those miles.  There is no limit to the number of miles you can earn.  You can also earn miles and redeem miles on Continental and SkyTeam alliance partners.

You also can take advantage of a number of programs including those that you are enrolled into as a card member.  The 2 Presidents Club passes you receive will come each year on your anniversary.  Plus, you also get 2 Travel Discount Certificates which are valued up to $200 in savings, each year after your card member anniversary.  You get 24 hour fraud protection as well as MasterRental Collision Damage Waiver Coverage and Emergency Cash and Card Replacement services.  

The card has a variable 17.24 percent APR for purchases and on balance transfers.  There is an $85 annual fee for World members and a $65 fee for Platinum members.