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Credit card sign-up bonus offers can come in the form of cash back, miles, or points, and offer a great way to kick start your earning with hundreds of dollars in rewards. Here are our top picks from our partners for cards with the best sign-up bonuses right now.
Credit card sign-up bonus offers can come in the form of cash back, miles, or points, and offer a great way to kick start your earning with hundreds of dollars in rewards. Here are our top picks from our partners for cards with the best sign-up bonuses right now.
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Updated: March 25, 2020
Sign-up bonuses abound in today’s rewards credit card market and are a prominent feature of the best credit cards. Cash back cards, co-branded travel cards, general-purpose travel cards – the choices can seem limitless.
A sign-up bonus can often be a signal that the card has better ongoing rewards, so they are worth a look. You’ll also want to study the card’s minimum spending requirement and the timeframe in which you need to spend it. We looked at over 350 cards with sign-up bonuses to determine which offers have the highest value. Along with our top picks, you’ll find information on some of the factors that went into our analysis, how to maximize your sign-up bonus redemption, and more. Here, we look at:
Whether you want to understand just what are sign-up bonuses or how they differ from cards with no sign-up bonus, we can help.
The Chase Sapphire Preferred offers a 60,000-point sign-up bonus after a $4,000 spend within the first 3 months of card membership and 2X points on worldwide travel and restaurants.
While other cards have large sign-up bonuses, the Sapphire Preferred stands out because it also offers a 25% bonus when you book travel through Chase Ultimate Rewards. Chase also partners with major airlines and hotel brands. And those partnerships can be super rewarding. The Points Guy Senior Editor Nick Ewen puts it this way: “Take the Park Hyatt New York as an example. Room rates there rarely drop below $800 (unless you’re in the dead of winter). Let’s say you wanted to book a two-night stay there for the first weekend in May. With taxes and fees, a standard king room is roughly $1,900. However, that exact same room can be booked for 30,000 points per night.” TPG values Ultimate Rewards points at 2 cents and World of Hyatt points at 1.7 cents. “So in this case, CSP = 60k UR points ($1,200) = 60k Hyatt points ($1,020) = two-night stay at the Park Hyatt New York ($1,900),” says Ewen.
The 2X points are only on worldwide travel and restaurants, while the Venture Rewards offers 2X miles on all purchases. This means if you aren’t much of a traveler, the Sapphire Preferred may not be the best option. The CSP has a $95 annual fee that is not waived in the first year.
Weighing in at 20K bonus points for spending $1,000 in the first 3 months (a $200 cash redemption value), the Propel offers one of the largest sign-up bonuses for a no annual fee credit card.
Its outsized bonus amount is accompanied by a bold 3X rewards rate on categories that will benefit a large swath of consumers: travel, dining, gas stations, rideshares and select streaming services.
Streaming services that earn 3x points are limited to a select few, albeit very popular ones: Netflix, Hulu, Spotify Premium, Apple Music, Pandora, and Sirius XM Radio.
The Chase Freedom Unlimited has a straightforward 1.5% cash back on all purchases with no annual fee and a nice little sign-up bonus.
You can accumulate cash back very quickly with the Chase Freedom Unlimited considering the card has no annual fee. If you have a Sapphire card to go along with it, the CFU is an effective means of gathering Chase Ultimate Rewards points which can then be transferred to your Sapphire account for high-value redemption through Chase’s travel portal.
While the flat-rate cash back is good for consistent earning, other credit cards such as the Chase Freedom offer higher cash back on certain bonus categories.
This card offers high value for businesses with substantial expenses. There is 5% cash back on the first $25,000 spent each year on office supply stores, internet, cable, and phone services.
The Ink Business Cash offers a $500 sign-up bonus for spending $3,000 in the first 3 months, a relatively low spending requirement. The Ink Business Cash charges no annual fee, which is also rare for a business credit card that offers this much value.
There is a minimum of 2,000 points required for redemption.
With a 50,000-mile sign-up bonus, the Venture Rewards has a lot going for it for its spend of $3,000 within the first 3 months. With 17 travel partners, you can get a strong return, such as with JetBlue’s TrueBlue, which transfers at a rate of 2:1.5. That means 50,000 in Capital One miles comes to 37,500 TrueBlue points, and based on TPG’s TrueBlue valuation of 1.2 cents, that comes to $450.
The Venture Rewards offers strong rewards of 2X miles on all purchases, as well as a credit of up to $100 for TSA Pre-Check or Global Entry.
While the sign-up bonus is comparable to that of the Chase Sapphire Preferred, the Venture Rewards doesn’t enjoy the CSP’s 25% bonus when booking travel through Chase Ultimate Rewards.
There’s no annual fee, saving you a little money each year. Additionally, the Quicksilver offers no foreign transaction fee.
This card competes with other flat-rate cash back cards with a $150 sign-up bonus after a $500 spend within the first 3 months of card membership and 1.5% back on all purchases.
If you tend to favor such categories as grocery stores or gas in your spending, it may be worthwhile to consider a card that rewards more for select categories, such as the Bank of America Cash Rewards.
This card has an unusual feature in that it automatically rounds up to the nearest 10 points on every purchase.
Earn 15,000 bonus points after you spend $1,000 in purchases with your card within 3 months of account opening – then it’s redeemable for $150 in gift cards at thankyou.com.
The required spend on the sign-up bonus is double that of comparable cash back cards, and the ongoing rewards on supermarkets can be beaten by the Blue Cash Preferred® Card from American Express.
This card’s regular APR starts out crazy low: 14.49% - 24.49% (Variable). (The rate you’re awarded depends on a number of factors, including your credit score and payment history.)
If you are on the hunt for a travel card without the weight of an annual fee, this is an excellent option, with its flat-rate ongoing rewards of 1.25X miles and plenty of travel partners to choose from.
While this is a good travel card for the beginner, you may pretty soon start thinking about getting a more ambitious travel product, even with an annual fee. Other cards to look at? Check out the Venture Rewards or the Chase Sapphire Preferred.
In addition to the Wells Fargo Cash Wise Visa card’s $150 bonus after a $500 spend within the first 3 months of card membership, you’ll enjoy an excellent 1.5% back on all purchases.
This card’s industry-beating 1.8% cash rewards on qualified digital wallet purchases the first 12 months sets it apart. It also offers up to $600 protection on your cellphone (after a $25 deductible) against covered damage and theft when you pay your monthly cellphone bill with this card.
Although the intro APR offer is solid at 0% for 15 months on qualifying balance transfers and 0% for 15 months on purchases – then 13.99%-25.99% (Variable), balance transfers only qualify for the intro rate and fees if made within the first 120 days.
*All information about Bank of America Cards has been collected independently by CreditCards.com and has not been reviewed by the issuer. Bank of America Cards are no longer available through CreditCards.com.
The sign-up bonus stands at a standard $200 back for spending $1,000 in the first 90 days, which is on par with introductory offers of many other credit cards.
This card has a solid intro bonus amount and a required spend that’s on the lower side. Furthermore, there is no annual fee and the card earns a healthy 3% back on your choice of category and 2% back at grocery stores and wholesale clubs.
There is a quarterly limit of $2,500 on combined purchases in those three categories.
After looking at all of the credit cards with sign-up bonus offers, here are our selections for the top 10 offers on the market right now:
| Best For: | Credit Card | Sign-up Bonus | Required Spend | Annual Fee | CreditCards.com Rating |
|---|---|---|---|---|---|
| Points sign-up bonus | Chase Sapphire Preferred® Card | 60,000 Points | $4,000 / 3 months | $95 | 3.9 / 5 |
| Rewards | Wells Fargo Propel American Express® card | 20,000 Points | $1,000 / 3 months | $0 | 3.5 / 5 |
| Unlimited cash back | Chase Freedom Unlimited® | $150 | $500 / 3 months | $0 | 3.8 / 5 |
| Business sign-up bonus | Ink Business Cash℠ Credit Card | $500 | $3,000 / 3 months | $0 | 3.3 / 5 |
| Miles sign-up bonus | Capital One® Venture® Rewards Credit Card | 50,000 miles | $3,000 / 3 months | $95, $0 in first year | 4.2 / 5 |
| No annual fee | Capital One® Quicksilver® Cash Rewards Credit Card | $150 | $500 / 3 months | $0 | 3.4 / 5 |
| Everyday points | Citi Rewards+℠ Card | 15,000 Points | $1,000 / 3 months | $0 | 3 / 5 |
| Low interest | Capital One® VentureOne® Rewards Credit Card | 20,000 points | $1,000 / 3 months | $0 | 3.5 / 5 |
| Cell phone protection | Wells Fargo Cash Wise Visa® card | $150 | $500 / 3 months | $0 | 3.8 / 5 |
| Cash sign-up bonus | Bank of America® Cash Rewards credit card | $200 | $1,000 / 90 days | $0 | 3.4 / 5 |
A sign-up bonus is a limited-time offer that many rewards credit cards feature (including travel credit cards and cash back credit cards), giving you the chance to earn as much as $750 or even more in exchange for a required spend. You might be required to spend a certain amount in a specified amount of time, make a certain number of purchases or make at least one purchase with the card. Typically, the higher the required spend, the more lucrative the bonus.
You might earn the bonus in the form of cash back, miles, points or free hotel nights. A sign-up bonus is sometimes called a welcome offer, but they are essentially the same thing. Depending on the type of card, you can then redeem the bonus for a specified reward, such as cash back, or you may have a variety of options for redeeming the bonus – such as cash back, travel, merchandise or gift cards.
Sign-up bonuses are one of the favorite features of savvy card enthusiasts, and credit card issuers have taken note. “There are incredibly attractive sign-up bonuses available right now,” says Ted Rossman, CreditCards.com industry analyst. “Whether you’re interested in travel or cash back, you can take advantage of offers that can put $500, $750 or even more into your wallet. A trend I’ve observed is that issuers are competing for consumers’ business based mostly on sign-up bonuses and rewards for ongoing spending. Other perks like price protection and extended warranties are being rolled back, with issuers citing lack of consumer appetite, but consumers are very hungry for points and miles, and issuers are delivering.”
Not all bonuses are created equal. Some are more valuable than others, and some are more flexible and easier to redeem than others. It depends on the type of card and the type of rewards.
Are you looking for cash back, points or airline miles/hotel points? You need to decide what you want to do with your bonus, and whether you prefer value or flexibility.
Some cards, primarily travel cards, reward with points or miles. Usually airline cards use miles, and hotel cards use points. While a mile may be worth 1 cent, they can be worth less or more, depending on the card and the program. That’s why it’s a good idea to do your research and make sure it’s a card you’re going to use.
Points and miles can be earned for brand loyalty, restaurants, general travel, and other types of spending, with cards like the Delta SkyMiles® Blue American Express Card encouraging brand loyalty. A points-based bonus, such as that of the Wells Fargo Propel, can give you a lot of options and flexibility.
Cash back is typically more straightforward. Gift cards and merchandise redemption can actually be quite lucrative with these cards. A solid cash back card is the Quicksilver.
With cash back, you can use your statement credit toward gifts you’ve bought at department stores, gas to visit family or hotel stays in the city this spring.
There aren’t a lot of downsides to getting a card with a sign-up bonus – a bonus is basically cream on top of your regular card rewards. However, there are a few reasons you might choose a card with no sign-up bonus. Here’s a summary of the advantages of each:
With that said, a sign-up bonus can be an excellent way to earn a lot of rewards in a short amount of time. Earning a bonus is almost always worth it, if you can outmatch the card’s annual fee (which is usually the case), and if you redeem the bonus in a timely manner.
For example, the Chase Sapphire Preferred card’s sign-up of 60,000 points to new cardholders who spend $4,000 in the first three months can be redeemed for travel through the Ultimate Rewards portal for a 25 percent bonus, so 60,000 bonus points are worth $750 of Ultimate Rewards travel.
| Redemption | Point Value | Value of 60,000-Point Sign-up Bonus |
|---|---|---|
| Ultimate Rewards travel portal (25% redemption bonus) | 1.25 cents | $750 |
| Statement credit | 1 cent | $600 |
| Direct deposit | 1 cent | $600 |
| Gift cards | 1 cent | $600 |
| Amazon.com purchases | 0.8 cents | $480 |
| Chase Pay purchases | 0.8 cents | $480 |
However, if you don’t redeem the bonus in the first year and continue to hold the card without using it, your rewards value drops nearly a $100 each year, due to the card’s annual fee. And if you don’t redeem the bonus at all, the value of your bonus amounts to $0, because credit card points have no value outside of the rewards that you redeem them for.
It may seem obvious that you need to use your points to get value out of them, but cardholders do sometimes sign on to a card for its sign-up bonus, only to squander the bonus because they aren’t able to use it in time. Before you apply for a card to earn a sign-up bonus, it’s best to study the card’s rewards program and have a plan for redeeming the bonus.
Sign-up bonuses are a popular tactic for attracting new cardholders to apply for a card and our data indicates that most rewards credit cards offer a sign-up bonus of some sort. Of the 130 rewards cards we have reviewed, only 17 of them don’t offer a sign-up bonus.
Also, the data show that point- and mile-based cards tend to offer larger sign-up bonuses than cash back cards (with larger spending thresholds). The median bonus for points and miles cards in our database is 25,000 miles or points with a median spending threshold of $2,000. In comparison, the median bonus for a cash back card is only $100 with a $500 spending threshold.
In other words, if you want to earn a large sign up bonus, you’ll want to look at point- and mile-based cards, but … you’re going to need to spend a lot to earn the bonus, and you’ll have less flexibility on redeeming the bonus than you would with cash back.
Maybe your first impulse is to sign up for the offer with the largest bonus attached to it, but there’s more to it than that. Here is what you consider in trying to find the best sign-up bonus for you.
Before you get carried away by a sign-up bonus with a lot of zeros floating behind, you need to consider whether you can afford to spend enough to reach the spending threshold in time without driving yourself into debt. With the Venture and *Capital One® Savor® Cash Rewards Credit Card, the threshold for both is $3,000. That means that you need to spend that amount before your first 3 months end.
*All information about Capital One Savor Cash Rewards Credit Card has been collected independently by CreditCards.com and has not been reviewed by the issuer. Capital One Savor Credit Card is no longer available through CreditCards.com.
Don’t just spring for the first offer that you find – do some research. Depending on the card, the amount of the sign-up bonus can fluctuate over time, so you should check the card’s bonus history to see if the offer is at a high point or if it is likely to increase soon. Also, you should check around to see if you can qualify for a special offer with a larger sign-up bonus.
As it happens, the Savor’s sign-up bonus is $300 while the Venture Rewards’ sign-up bonus is 50,000 miles, although a points or miles value can be worth more or less than 1:1. The value of a point is not constant. Points from different issuers have different values, and even points from different cards from the same issuer can vary in value. To make it even more complex, points can gain or lose value over time, as issuers add or subtract options. So take a look at what the points/miles are worth and what you can get with the bonus before you apply for it, and then keep an eye out for any announcements from the card’s points program.
You shouldn’t automatically nix a card with an annual fee. If you do the math, you’ll often find that annual fee cards – due to larger sign-up bonuses and higher rewards values – offer the best value, even with a fee. But you need to be sure you can afford to pay a fee and that you’ll redeem the rewards in a timely enough manner to make the fee worth it.
Before you apply for a card hoping to snag a giant bonus, you should take a look at the card’s terms and conditions to make sure you qualify to earn a welcome bonus. Many issuers will not award a bonus if you’ve previously owned the card. And some issuers – including Chase with its “5/24” rule – won’t give you a bonus if you’ve signed up for too many cards recently. Here’s a summary of intro bonus policies:
| Issuer | Welcome bonus policy |
|---|---|
| American Express | You can only earn the bonus for a particular card once in a lifetime (includes personal and small business cards). |
| Chase | You can reapply for the same bonus 24 months after earning the bonus and closing the card. You are not eligible for a sign-up bonus if you’ve opened more than five accounts in the past 24 months (including authorized user accounts but not including business card accounts). |
| Citi | You can only earn one sign-up bonus per card brand every 24 months (e.g., Citi Prestige card). |
| Barclays | According to their terms and conditions for most cards, only first-time cardholders qualify for a bonus. |
| Bank of America | No restrictions on earning a sign-up bonus more than once. |
| Discover | No restrictions on earning a sign-up bonus more than once. |
| U.S. Bank | According to terms and conditions, cardholders who have previously had an account for the same type of card won’t qualify for a bonus. |
Signing up for the right bonus at the right time and taking care in how you reach the minimum spending threshold can help you take your bonus the extra mile. Here are some tips to squeeze more value out of your sign-up bonus:
Sometimes issuers offer sign-up bonuses to targeted groups of cardholders that are larger than the offers advertised on their sites. Visit the issuer’s site often, check your mail or call the issuer directly to find out if you qualify for a special offer.
Some issuers will award you the larger bonus amount if the offer increases after you sign up for the card. If the bonus goes up before the introductory period expires, call your issuer to see if you can qualify for the larger bonus.
Many issuers will allow you and your spouse to sign up for the same card separately – yes, even if your spouse is already an authorized user on your account – which means you can earn twice the number of bonus points.
You’ll need to keep issuers’ policies – such as Chase’s 5/24 rule and American Express’s once-in-a-lifetime limit on welcome bonuses – in mind when deciding which cards to apply for. For instance, if you know that an issuer puts a limit on the number of new accounts you can have in a certain time frame, you might want to apply for those cards first.
Avoid using your card to pay for products or services that charge a fee to use credit cards. For example, some utility companies and providers such as contractors or plumbers may charge you a convenience fee of 2, 3 or 4 percent fee to pay by card. See if you can meet the minimum spending requirement without paying fees.
If you read the sign-up bonus terms and conditions, you’ll likely find that the annual fee, balance transfers made to the card, and the purchase of travelers checks or other “cash-like” items, don’t count toward your minimum spending total.
If you return an item that you purchased with your card, be sure to subtract the amount from your total spending. Otherwise, you could accidentally fall short of the spending threshold and miss out on your card’s bonus.
What good is a few hundred dollars’ worth of bonus points if you also end up thousands of dollars in debt? Before you spring for a sign-up bonus, make sure you can afford the spending threshold.
Airline card rewards are best used for airline flights, although there are many general-purpose travel cards that allow you to redeem points for most travel-related events. That means if you have a trip this spring to Europe planned, you can redeem for airfare, hotel, limo service and more.
It’s pretty much a guarantee that the best way to use your hotel card’s rewards is with hotel stays. Hotels usually offer tiers, where the higher-end hotels or resorts will use up your points more quickly, but that’s OK if you treasure the exclusive experience.
Perhaps the least sexy, but one of the most convenient, is the statement credit. Most common among cash back cards, this type of redemption is easy to manage, as in the case of the Savor and Capital One® SavorOne® Cash Rewards Credit Card cards, which automatically load your sign-up bonus into your rewards pool, from which you can move your cash back to your statement or get a check cut.
Some cards reward generously for purchases made through their shopping portal, while others may not reward so well for merchandise or gift cards. That’s why it’s best to check before making a redemption.
Although credit card issuers often use sign-up bonuses to lure customers to apply for new cards, it is unlikely that those bonuses will ever be taxed. The distinction between spending to get rewards and simply getting a bonus for switching or applying for a card comes into play here. Sign-up bonuses typically require a new cardholder to reach a certain spend requirement to receive the bonus. Therefore, the bonus becomes nontaxable since spending is required before cash back, points or miles are awarded. To be on the safe side, we recommend that you comb through the program’s terms and conditions prior to opening a new credit card or bank account.
It may not be the best idea to get a new credit card primarily for the sign-up bonus, although there are exceptions. Ideally, you want to look at ongoing rewards and other perks, such as airport lounge access, extended warranties or cellphone insurance.
“Figure out how you spend your money and what you value most,” says CreditCards.com Industry Analyst Ted Rossman. “It’s not a one-size-fits-all decision. Most people prefer simplicity and have a few cards – think 3, not 23.
“Card issuers have grown tired of the sign-up bonus arms race and customers who churn through bonuses,” says Rossman. “They’d rather keep you spending with incentives on dining, transportation and streaming. Sign-up bonuses are great, but don’t lose sight of the big picture. Constantly opening and closing cards can hurt your credit score, too. The best credit card rewards strategies mix introductory bonuses with long-term value.”
A cash sign-up bonus is ideal for the consumer who wants simplicity, while a points or miles sign-up bonus is typically for a travel card. A cash back card usually offers a statement credit, in addition to access to merchandise, gift cards and sometimes a check. While a travel card may allow you to use points or miles toward merchandise or gift cards, it’s inadvisable because the rate of return is usually inferior. But if travel is something you see yourself doing in the next year, a miles- or points-based sign-up bonus is a solid option.
Of the 92 credit cards with welcome offers or sign-up bonuses featured on CreditCards.com as of 3/2/20, there is one that stands out with the largest sign-up bonus, and that’s the IHG® Rewards Club Premier Credit Card. You earn 140,000 points after a $3,000 spend within the first 3 months.
But the points you amass don’t necessarily mean that they are the best choice. For one, you need to look at the points valuation for that card. For example, while the IHG Rewards Club Premier provides the most sign-up bonus that we offer hands down, an IHG point is only worth $0.05 according to The Points Guy’s monthly points valuations, making this card’s haul worth $700. That’s an excellent return if you are an IHG loyalist, but there are other sign-up bonuses that offer more for your dollar.
Take the Chase Sapphire Preferred, which offers 60,000 points after a $4,000 spend within the first 3 months. Considerably fewer points, right? But with the Chase Ultimate Rewards portal, those 60,000 points can turn into a value of $750 in travel booked through the portal, and even more, if you transfer your points instead, depending on the travel partner you use.
Keep in mind that sometimes a card will offer a boosted sign-up bonus for a limited time, as in the case of the United℠ Business Card, which is offering 100,000 points through April 2, 2020, when you spend $10,000 within the first 3 months.
Laura is an editor and writer at CreditCards.com. She has written extensively on all things credit cards and works to bring you the most up-to-date analysis and advice. Laura’s work has been cited in such publications as the New York Times and Associated Press. You can reach her by e-mail at laura.mohammad@creditcards.com and on Twitter @creditcards_lm.
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