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Limited time offer till 3/31/15 (50K, annual fee waived for 1st year): http://www.dansdeals.com/go/BA4
YMMV (since Aug. '14, no one on this thread has reported successfully getting a better offer than the regular 50k (AF waived) offer linked above):
SM Chase before and/or after getting the card and they will often waive the $95 yearly fee for the first year.
SM Chase before and/or after getting the card and they will match to the offer to get 50,000 bonus Avios for spending $2,000, another 25,000 bonus Avios after you make $10,000 in purchases within the first year of account opening., and another 25,000 bonus Avios after you make an additional $10,000 in purchases also within the first year of account opening.
Total bonus Avios for $20K spend=100,000
Total Avios for base spending at 1.25 Avios per dollar spent=25K.
Total Avios=125K.
British Airways Avios Knowledgebase, A Collection Of Tips For Using Your BA Avios (DDMS)