Sat. Jan 16th, 2021

Best Card Summary

Pursuit Sapphire Favorite Card
Why this is one of the best credit cards with a sign-up bonus: The bonus costs $ 750, or 60,000 bonus points when redeemed through the Chase Ultimate Rewards Portal. To earn the bonus you must spend $ 4,000 on the card within three months of opening it. Although you will pay a $ 95 annual card fee, the bonus is worth more than seven times that amount.

Hilton Honors American Express Card
Why it’s one of the best credit cards with a sign-up bonus: The Hilton Honors American Express card stands out for its strong bonus and position-chasing ability. You can earn 80,000 bonus points after spending $ 1,000 on a card during the first three months. You’ll also get automatic Hilton Honors Silver status, which can be upgraded to gold if you spend $ 20,000 for the year.

Blue Cash Preferred® Card from American Express
Why it’s one of the best credit cards with a sign-up bonus: American Express’s Blue Cash Preferred Card offers a solid sign-up bonus with less spending requirement. When you spend $ 1,000 within the first three months, you will earn a $ 250 statement credit.

IHG® Rewards Club Traveler Credit Card
Why it is one of the best credit cards with a sign-up bonus: This card is most beneficial when you use it for a stay at an IHG hotel. Shopping at IHG earns up to $ 15 per dollar, while you earn two points per dollar at gas stations, grocery stores and restaurants. All other purchases earn one point per dollar. Cardholders are eligible to get a fourth night free, and a 100,000-point bonus is available when you spend $ 2,000 on a purchase within the first three months of opening an account.

United 4 Explorer Card
Why it’s one of the best credit cards with a sign-up bonus: United travelers like this card for their first checked bag – up to $ 140 round trip – and the bonus miles when you sign up Could get a boost. The card offers 60,000 bonus miles after you spend $ 3,000 on purchases in the first three months of opening an account. You will earn an additional 10,000 bonus miles after making $ 6,000 in purchases within the first six months

Chase Sapphire Reserve®
Why this is one of the best credit cards with a sign-up bonus: The $ 550 annual fee is steep, but the Chase Sapphire Reserve offers substantial offset benefits, and then some. For starters, you will earn 50,000 bonus points after spending $ 4,000 on a card in the first three months. Those points cost $ 750 when redeemed through the Chase Ultimate Rewards portal. You will receive an annual $ 300 travel credit and access to over 1,000 airport lounges.

Marriott Bonvoy Boundless ™ Credit Card
Why it’s one of the best credit cards with a sign-up bonus: New cardholders will receive 75,000 bonus points after making $ 3,000 in card purchases in the first three months. Each year after your account anniversary, you will also have a free night stay at the qualifying hotel.

Delta SkyMills® Gold American Express Card
Why it’s one of the best credit cards with a sign-up bonus: If Delta is your favorite airline, this card can help you fly fast for free. Delta purchases and purchases in restaurants and American supermarkets earn 2 miles per dollar, and you will earn 1 mile per dollar on all other purchases. When you charge for Delta in-flight purchases, you will also get your first checked bag on Delta Flight for free.

Radisson Rewards ™ Premier Visa Signature® Card
Why it’s one of the best credit cards with a sign-up bonus: Radisson Rewards Premier Visa Signature Card offers 125,000 bonus points after spending $ 3,000 in purchases within the first 90 days of account opening. Cardholders get automatic gold status, plus 40,000 renewal points by paying the card’s $ 75 annual fee.

Option Privilege® Visa Signature® Card
Why it’s one of the best credit cards with a sign-up bonus: New cardholders earn 32,000 bonus points by spending at least $ 1,000 in the first 90 days. Every year, you can get 8,000 bonus points for spending at least $ 10,000 from your account anniversary date. Stays at Choice Hotels earn 15 points per dollar; Choice hotel gift cards and Choice Privilege points receive five points per dollar; And all other purchases get two points per dollar. Points can be redeemed for free nights when you book a qualifying choice hotel, plus you get a 10% points bonus.

Wyandham Rewards® Arnner Card
Why it’s one of the best credit cards with a sign-up bonus: The Wyndham Rewards Earner card gets 30,000 bonus points for spending $ 1,000 in the first 90 days. Even after spending $ 15,000 on the card, you can earn 7,500 bonus points every year. Eligible Wyndham and Gas purchases will receive five points per dollar. Qualified food and grocery purchases earn two points per dollar, and everything else will get one point per dollar.

What can you expect from a credit card with the best sign-up bonus?

Here’s what you should know about credit cards with the best sign-up bonuses:

Sign-up bonus offer: All cards surveyed have a sign-up bonus of $ 300 or more. Most (around 74%) have a sign-up bonus of at least $ 500.
Annual Fee: A large sign-up bonus can be offset by an annual fee. You will pay an annual fee for one of all credit cards in this category. However, 26% waives the annual fee for the first year.
Ongoing Awards: A card with a large sign-up bonus has good running rewards. All cards surveyed in this category earn at least two points or miles per dollar or 2% cash on purchases in bonus categories.

How do sign-up bonuses work?

Most sign-up bonuses require you to spend a certain amount on your card within a certain time period to receive the bonus. Occasional exceptions or variations occur when bonuses are earned.

Sign-up bonuses are awarded in the form of points, miles, cash back or statement credits based on the card. Points or miles can be redeemed for cash back, travel, gift cards, merchandise or other rewards.

Some cards offer a bonus that can be redeemed for many things, but there is usually an option that has the most value. for example, Chase Sapphire Favorite Card After spending $ 4,000 on purchases in the first three months of opening an account, it offers 60,000 bonus points.

Chase Ultimate Rewards points are 1 percent per point for most redemption options, so this sign-up bonus is $ 600. However, points are 25% more when redeemed for travel through Chase Ultimate Rewards, so this sign-up bonus is up to $ 750 when used for travel.

How can you choose a card with a sign-up bonus?

Sign-up bonuses typically range from $ 100 to $ 1,000 depending on the offer. A sign-up bonus can be a big change in how much you can earn from your credit card in the first year, but you should not take this into consideration when choosing a credit card.

Determine what type of credit card you need

There are several types of credit cards with sign-up bonuses. Try not to choose a card based only on the sign-up bonus amount. First, think about what type of credit card you want. Then select one based on the sign-up bonus you want to earn and can get without overspeeding.

Understand sign-up bonus factors

What is the need for spending? Typically, there is a higher spending limit for larger sign-up bonuses.

How long do you have to meet the spending requirement? Most sign-up bonuses must be earned within the first three months of opening the card, but it is always a good idea to check the details of each card.

How is the bonus given? Some cards offer cash back bonuses, while others offer points or miles that can be redeemed for travel, cash back, gift cards, or merchandise.

How much is the bonus worth? While the cash back bonus amount is easy to value, other options are more challenging to calculate. To make it easier for you to understand the value of each sign-up bonus, read the US News Guide: What are my points?

How can you maximize sign-up bonus?

Choose a card with a sign-up bonus that you can earn. Consider your spending habits and how much you expect to spend during the first few months of using a credit card. Choose a card with a sign-up bonus that matches your spending so that you don’t have the temptation to overspeed to complete the bonus.

Watch out for fees. Your sign-up bonus can be $ 100 or more, but it can be offset quickly if you have to pay an annual fee, interest on the balance, late fees, balance transfer fees and / or foreign transaction fees. . Always pay your balance on time every month to avoid interest charges and late fees.

Compare credit cards regularly. Every year, you should reevaluate credit card offers to see how your stack up. With a new and improved card, you will have the opportunity to earn a sign-up bonus that can equal years of rewards with your current card.

Also, a new card increases your available credit, which helps you keep a lower credit utilization ratio. This, in turn, can do Improve your credit score.

However, a new card is not without its drawbacks. Strict inquiries from a new card application may temporarily limit your credit score to a few points. And because it can be a bad idea to close an account, you may end up with another card with an annual fee.

On the other hand, if you choose carefully, you may end up with a new card that complements your current credit cards. Used strategically, you can make a good profit with your rewards credit card.

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