Friday, August 12, 2022

What Credit Card Has The Best Signup Bonus

Don't Miss

Why You Can Trust Bankrate

Best Credit Card Signup Bonuses July 2021

At Bankrate, we have a mission to demystify the credit cards industry regardless or where you are in your journey and make it one you can navigate with confidence. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to:

  • Meet you wherever you are in your credit card journey to guide your information search and help you understand your options.
  • Consistently provide up-to-date, reliable market information so you\’re well-equipped to make confident decisions.
  • Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you.

At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next.

Best Overall Best For Flexible Travel Rewards: Chase Sapphire Preferred Card

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®.

$95
Rewards Earning RateEnjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards, 3X points on dining and 2X points on all other travel purchases, plus more.
Foreign transaction fee
  • Why We Chose This Card
  • Pros & Cons
  • Highlights

If you want a sizable bonus that you can use in a variety of ways, including travel, this is our top pick for you. The 60,000-point bonus offer that youll get by spending $4,000 within three months is worth at least $750 when redeemed through Chase Ultimate Rewards®, but you can pump up the bonus value by transferring those points to a travel partner loyalty program, like United Airlines MileagePlus or World of Hyatt. Since Chase has a 1:1 transfer ratio for points, you wont lose value by moving your bonus points around that way. Also, the ongoing rewards earning rates are competitive and flexible, since so many different travel purchases can earn 2 points per $1 spent, even parking and toll fare.

  • Good bonus compared to other travel cards with similar annual fees

  • Option to transfer points to eligible airline and hotel programs, often at a 1-to-1 ratio

  • Points are pretty valuable when redeemed for travel

  • Some premium travel insurance benefits

Best For Airline Travel: United Explorer Card

  • Bonus offer: Earn 50,000 bonus miles if you spend $3,000 within the first three months.
  • Best features: The cards base travel rewards are competitive: You earn 2X miles when spending on hotel stays, dining and United purchases and 1X miles on other purchases. You also get a statement credit of up to $100 on Global Entry or TSA PreCheck, priority boarding privileges and two one-time passes to United Club each anniversary.
  • Biggest drawbacks: If you dont frequently fly United, you might be better served by a different airline credit card. Theres a $95 annual fee, though its waived the first year.
  • Alternatives: If you arent loyal to a particular airline, the Chase Sapphire Reserve is a great option. While it charges a steep annual fee, it offers generous travel credits and perks that easily offset the cost.
  • Bottom line: If you meet the required spend and redeem your miles for Saver Awards, that bonus amounts to about $760 in airfare, .

Read our full United Explorer Card review or jump back to this cards offer details.

You May Like: Td Bank Visa Gift Card Balance Checker

How To Choose The Best Sign

The key to choosing the best sign-up bonus credit card is finding the one that fits you best. Here are the three steps that will help you pinpoint the perfect card:

  • Rewards are only valuable if you can use them. A 50,000-mile bonus doesn’t help you if those bonus miles are with an airline you don’t use. That’s why the first step is figuring out which types of rewards are best for you. Maybe you only want cash rewards bonuses, or you’d rather earn travel points. It’s usually smart to stick to cash back cards and travel cards. Their bonuses tend to be much more valuable than the bonuses offered by store credit cards.
  • Look for realistic bonus requirements. Bonus amounts are what get your attention, but bonus requirements are more important. You should be able to spend enough to get the credit card bonus with your normal monthly bills. There are situations where you could shoot for a bonus with a bigger spending requirement, like if you have some sizable expenses coming up. But for the most part, it’s best to avoid bonuses with hard-to-reach requirements.
  • Most of the credit cards with the best sign-up bonus offers are only available if you have a good . That means a FICO® Score of 670 or above. If yours isn’t that high yet, then you’re probably better off looking for ways to increase your credit score first.

    How Much Money Can I Make From Sign Up Bonuses

    Top 5 credit cards with large sign

    Each promotion will have a limit to how much you can earn but, technically, there is no limit to the number of promotions you can sign up for. Do keep in mind that most sign up bonus promotions will have spending requirements that need to be met so keep an eye on those once you sign up to make sure that youre doing everything you should. These spending requirements may limit the number of promotions that you can sign up for.

    Its not just about how much money you can make from sign up bonuses, but how much money you can save on things like travel. Many new card sign up bonuses come with travel rewards or travel credit, meaning you dont have to spend any of your own money on airfare and hotel stays. That can add up to huge savings.

    You May Like: Tdbank Gift Card Balance

    #amex Green 50k +$150 Offer

    • The first year value is about $800.
    • Sign-up bonus: 50,000 Membership Rewards Points + $150.
    • Spending requirement: $2,000 in 6 months.
    • The points are worth about 1.6 cents/point.
    • $150 annual fee, NOT waived for the first year.
    • The first year value is about $800.
    • Sign-up bonus: 50,000 Capital One Points.
    • Spending requirement: $4,500 in 3 months.
    • The points are worth about 1.6 cents/point.
    • $95 annual fee, waived for the first year.

    Westjet Rbc World Elite Mastercard

    • Offer: Up to 450 WestJet dollars1 + First round trip companion voucher free3
    • Expires: March 7, 2022 for companion voucher

    Minimum Income: Age: Residency:

    Though it doesnt include a first-year annual fee waiver, the WestJet RBC World Elite Mastercard nonetheless has one of the most valuable welcome offers for Canadian travelers. If you apply by March 7, 2022 youll pay nothing when you redeem your first years companion fare voucher for a roundtrip flights base fare. That applies to either $119 that you would normally pay when redeeming your voucher for a flight within Canada or the continental United States, *or* you can max out the potential welcome offer value by redeeming for a round-trip flight to Mexico or Hawaii, which would normally cost $399. You might be understandably hesitant to go for a travel rewards card while international travel prospects are still murky, but keep in mind that the companion fare voucher is valid for redemption up to one year after its issued.

    or learn more by reading our complete WestJet RBC World Elite Mastercard review.

    You May Like: My Best Buy Visa Card Login

    Arcadia Power $20 Gift Card

    If renewable energy is important for you, then Arcadia Power could very well be a great fit for you. To sign up, you need to live in a state where you can choose your electricity source. You can then sign up and connect to Arcadia power, where you will get up to 50% of your energy from renewable sources thanks to the purchase of Renewable energy certificates. You can also choose to bump this up to 100%, but it will cost you an extra 1.5 cents per kilowatt.

    If this wasnt enough of a feel-good factor, Arcadia Power will also send a $30 Amazon gift card your way just for trying them out. There are no extra charges involved and no contract to bind you to Arcadia Power. In fact, you can cancel anytime you wish.

    Arcadia Power works with over 100 different utility companies across the nation making it easy to integrate with them even if you move. Theres even an online portal where you can manage your account and track usage and impact.

    The Business Platinum Card From American Express

    Best Sign-Up Bonus Credit Cards
    • 5X Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com
    • 1.5X Earn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year
    • 1X 1X points for each dollar you spend on eligible purchases.
    • 5X Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com
    • 1.5X Earn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year
    • 1X 1X points for each dollar you spend on eligible purchases.

    You May Like: Bank Of America Alaska Airlines Credit Card Foreign Transaction Fee

    How To Choose A Card With A Sign

    When choosing the best rewards credit card for your budget, look at the sign-on bonuses. Weigh them carefully with the cards everyday spending rewards for example, if you are torn between two cards, which one will give you more cash back throughout the year rather than just upfront. Here are a few questions to ask when you are comparing credit cards:

    Can you reach the spending threshold?

    This isnt as simple as just going on a grand shopping spree. Calculate how much you must spend to reach the threshold and if it fits into your budget. Anyone can blow $5,000, but not everyone can afford to do so without digging themselves into debt. Your sign-up bonus will not be worth it when you have a high-interest rate that comes when you carry thousands of dollars of debt.

    Is the annual fee worth it?

    If the card comes with an annual fee, weigh the fee against the perks. Cards with smaller annual fees typically come with smaller bonuses, but they also have lower spending minimums to activate the bonus also.

    Is this the best offer for a particular card?

    What is the credit card sign-up bonus really worth? It is also wise to be realistic about how you will use the bonus. If you dont love to travel, then you will probably take a lower cash value for your bonus i.e., your 50,000 points might only be worth $350 in cash rather than $500 in travel redemption.

    Consider Using A New Card For A Large One

    Big expenditures, such as an appliance or a hotel stay, can help get you to your card’s required spending amount.

    If you want to take advantage of a sign-up bonus, consider looking at your pre-qualified offers whenever you have a big expense planned. Whether you’re spending on a vacation or a home renovation, using a new credit card can earn you some major rewards if you can quickly meet the minimum spend by your first charge on the card.

    Recommended Reading: Tdbank.giftcardinfo

    Who Can Be Approved For Credit Cards

    This is a very common question if you are not into the whole world of banking and credit cards. But, in essence, it is not a complicated issue at all.

    When applying for a credit card, the issuer needs to take a look at your credit score. Your credit score is based on your credit history, which is basically a portfolio of your banking activities. Companies and banks do this in order to protect their investment. They want to make sure that you wont be a credit risk, and that you dont have any outstanding debt with your previous card issuers. Basically, if youve been responsible, your credit report will be good and you will be approved for the card you want.

    With most issuers, the minimum credit score is between very good and excellent, meaning at least 700.

    Who Should Get A Sign

    Best Credit Card Sign

    A sign-up bonus can be a great addition to all the perks that come with a credit card. But its important to remember that a sign-up bonus is just that, a bonus. A credit card should fit in with your existing habits and financial goals. Be sure to evaluate all facets of a credit card before you sign up for one.

    A credit card with a great sign-up bonus might be right for you if you fall into certain categories:

    Recommended Reading: Make A Payment Best Buy Card

    Is A Credit Card Without A Sign

    The short answer is yes. A credit card sign-up bonus can be a great incentive to apply, especially if you’re looking at a card that has an annual fee, but not every good credit card offers an intro bonus. For example, the Citi® Double Cash Card is one of our favorite cash-back credit cards, but it doesn’t offer a sign-up bonus. It could be worth forgoing an intro bonus if that card’s 2% cash back appeals to you.

    Balance Transfer Credit Cards

    A balance transfer credit card offers zero interest on balance transfers for an introductory period. This can be a great deal if you have high-interest debt you’re paying off. All balance transfer credit cards let you transfer balances from other credit cards, making them perfect for saving money as you eliminate credit card debt. Some also let you transfer over other types of debt.

    You May Like: How To Close Credit Card Chase

    How To Find The Best Travel Credit Card Sign

    You can usually find pre-qualified offers in your mail or if you log in to any of your existing credit card websites. Search for the best sign-up bonuses available to you, then look at the type of card and ask yourself these questions:

    • What is the annual fee if any?
    • How does its APR compare to your other cards?
    • What are the reward point bonus categories and do they align with your expected purchases?
    • If you earn the sign-up bonus, what are your redemption options?
    • What other perks and benefits are included with the card?

    Td First Class Travel Visa Infinite Card

    Best Credit Card Sign Up Bonuses Right Now Q4 2019
    • Promotion: Earn up to 80,000 points
    • Income eligibility: $60,000 minimum personal income
    • Annual fee: $120
    • Offer validity: Apply by March 6, 2022

    The TD First Class Travel Visa Infinite offers a welcome bonus of 20,000 TD Points when you make your first purchase with the card. You get an additional 60,000 points when you spend $1,000 within 90 days of opening your account.

    You also enjoy:

    You May Like: Cabela’s Club Visa Apr

    What Is A Credit Card Sign

    A credit card sign-up bonus is a special offer available to new cardholders. Bonuses are usually a set amount of rewards, such as $300 cash back or 50,000 points. However, there are cards that offer different types of sign-up bonuses. For example, some store credit cards offer a large discount on your first purchase.

    Td Cash Back Visa Infinite

    • Promotion: Earn 6% cash back for 3 months
    • Income eligibility: $60,000 minimum personal income
    • Annual fee: $120 waived in the first year
    • Offer validity: Apply by May 29, 2022

    The TD Cash Back Visa Infinite starts off with a 6% cash back reward rate in your first 3 months on a total spend of $2,000 .

    After the promotion ends, you continue to enjoy:

    • 3% cash back on grocery, gas and recurring bill payments
    • 1% cash back on all other purchases
    • Roadside assistance
    • Auto rental collision loss/damage insurance

    The $120 annual fee is waived in the first year.

    • Annual fee: $0
    • Offer validity: Apply by December 6, 2022

    The BMO Cash Back Mastercard is a no-fee cash back card offering 5% cash back on all purchases in your first 3 monthsâ¦on up to $2,500 in purchases. This is equivalent to a $125 welcome bonus.

    After the promotional period ends, you earn 0.50% to 3% cash back depending on your purchases.

    This card also offers a 1.99% balance transfer rate for 9 months .

    Lastly, you enjoy the free purchase protection and extended warranty. Read my BMO Cash Back Mastercard review.

    Read Also: Google Pay Best Buy

    What Is The Bonus Offering And Is This Something You Can Take Advantage Of

    What is the actual bonus? Are you getting airline miles, cash back, or bonus points? Make sure the offer is something that appeals to you.

    For example, if youre looking at a card that offers a big package of travel rewards but youre a bit of a homebody, that card might not be the right one for you.

    Ibotta $20 Sign Up Bonus

    Best Credit Card Signup Bonuses for September 2018 # ...

    Ibotta is a cash back and payments app that offers you real cash back on online and in-store purchases. Theyre currently offering a $20.00 welcome bonus, which you can get just for using the app.

    The app is compatible with both Android and iPhone and can be downloaded from their respective stores. You can also follow the links directly from Ibottas website by clicking on Download from the main menu. In both Google and Apple stores, the app has received good reviews and is rated highly, making it a safe, money-making app.

    Aside from the welcome bonus, which you can get right now, Ibotta also has a few giveaways with gift cards up for grabs from major retailers.

    Learn More:

    Recommended Reading: Harlandclarkegiftcard.com

    More articles

    Popular Articles