Both DW and I signed up for the "Plus" version of this card last summer when they were doing the 50k point promotion. I am planning to cancel soon since we are getting close to owing the $69 annual fee... but then I read about the 50k point offer being back again, and saw that they have a "Premier" version of the card.
So, after talking with them, we both just applied for the "Premier" version of the card, and got it. We are eligible for the 50k points on this card too since it is technically a different card. ($99 annual fee, but anniversary points, which basically cancels that out)
In total we will have earned 200k bonus points between the two of us... which will get us to Orlando many times.
For anyone waiting on doing this until they have a big purchase ... be aware that normally they do 25k points, so eventually this promotion will end.
Also, be aware that you have to earn points every 24 months to keep your account active. If you don't, you will lose all of your points. As long as you earn something (even 1 point) all 50k of your points will remain active another 24 months from that date. If you search for it, there are a few easy ways to earn points through their Partners, or even as easy as buying 1 song on iTunes through their site.