Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter.
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.
July 16, 2020
Editorial disclosure: All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank's website for the most current information.
All information about the Chase Sapphire Preferred®, Bank of America® Cash Rewards Credit Card, Ink Business Cash℠ Credit Card, Wells Fargo Propel American Express® card, and Wells Fargo Cash Wise Visa® card have been collected independently by CreditCards.com and has not been reviewed by the issuer.
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.
Earn 3X points on dining at restaurants with the Chase Sapphire Reserve, one of the highest rates for dining out there. Also, when those points are used for booking travel through Chase Ultimate Rewards, you get a 50% boost.
A unique feature of this card is the annual $300 travel credit. Once used, you earn 3X points on all travel. Also, earn 50,000 points after spending $4,000 within the first 3 months, a $750 value when booking travel through Ultimate Rewards.
It’s tough to find fault with the Sapphire Reserve, but this card’s annual fee may give some consumers pause – it’s $550, and it isn’t waived the first year.
Read CreditCards.com’s full review of the Chase Sapphire Reserve
The Southwest Rapid Rewards Priority’s anniversary bonus is the highest of the Southwest cards – earn 7,500 bonus points after each card anniversary.
This card has a unique feature among the Southwest cards of a $75 Southwest travel credit each year. Also, the sign-up bonus of 40,000 points is earned after only a $1,000 spend within the first 3 months.
Although this card’s features are unparalleled among the Southwest cards, the annual fee of $149 is unwaived and one of the highest among those products.
Read CreditCards.com’s full review of the Southwest Rapid Rewards Priority Credit Card
This card offers the same sign-up bonus as its older siblings (earn 40,000 points after a $1,000 spend within the first 3 months), and that’s with a lower annual fee of $69.
Earn 2X points on Southwest purchases and Rapid Rewards hotel and car rental partner purchases, something to cherish when you love Southwest. Also, there are no blackout dates or seating restrictions.
You get 3,000 bonus points after your cardmember anniversary, which is considerably less than the Southwest Rapid Rewards Priority. Also, the annual fee isn’t waived the first year.
Read CreditCards.com’s full review of the Southwest Rapid Rewards Plus Credit Card
This no annual fee card’s features reward mightily for the Marriott guest: Earn 3X Bonvoy points at more than 7,000 hotels participating in Marriott Bonvoy. Also, receive 15 Elite Night Credits annually, qualifying you for Silver Elite Status. (Restrictions apply.)
The sign-up bonus is 50,000 points after a $1,000 spend within the first 3 months, which is quite generous for a no annual fee card. There are also no foreign transaction fees.
Marriott Bonvoy’s point valuation according to The Points Guy is 0.8 cent, although that’s better than those of IHG Rewards Club and Hilton Honors.
Read CreditCards.com’s full review of the Marriott Bonvoy Bold Credit Card
The TPG point valuation for World of Hyatt makes this card’s value among the best – it’s 1.7 cents for every point. Add to that, you can earn 9 points total for Hyatt stays – 4X points for Hyatt hotel stays as a cardholder and 5X points as a World of Hyatt member.
Not only can you earn 25,000 points after a $3,000 spend within the first 3 months, when you spend $6,000 within the first 6 months, you earn another 25,000 points. The rewards don’t end there: Earn 2X points on a variety of spending, including at restaurants and on airline tickets purchased directly from airlines.
The $95 annual fee isn’t waived the first year, although the sign-up bonus is quite nice, and the hotel stay rewards are superior.
Read CreditCards.com’s full review of The World of Hyatt Credit Card
This card’s airline travel features are excellent, including a statement credit of up to $100 on Global Entry or TSA PreCheck, priority boarding privileges and 2 one-time passes to United Club℠ each anniversary.
The required spend on the United Explorer Card’s sign-up bonus is quite low at $3,000 within the first 3 months, then you earn 60,000 miles.
Although you have to pay an annual fee each year ($95), it’s waived the first year, which is increasingly becoming a rarity among travel cards.
Read CreditCards.com’s full review of the United Explorer Card
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. These rewarding Chase partnerships can be pooled with other cards outside the Sapphire Preferred. This means you can take the Ultimate Rewards points you’re building on everyday essentials with the Chase Freedom Unlimited®, and combine them with your Sapphire Preferred restaurant delivery points to book tours, flights, hotels and even cruises.
The 2X points are only on worldwide travel and restaurants. 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: select streaming services, gas stations, dining, rideshares and future travel.
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.
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 purchases – then 14.49%-24.99% (Variable), balance transfers only qualify for the intro rate and fees if made within the first 120 days.
This card has an unusual feature in that it automatically rounds up to the nearest 10 points on every purchase.
Earn 15,000 bonus ThankYou 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.
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 with a required spend that’s on the lower side. Furthermore, you’ll earn a healthy 3% back on your choice of category and 2% back at grocery stores and wholesale clubs for no annual fee.
For everyone spending more time at home, these rarely offered wholesale club and online shopping categories are incredibly valuable since they’re being offered year-round. The Cash Rewards card’s eligible online retailers are more comprehensive than almost any card, which lets you maximize your online shopping bonus category.
There is a quarterly limit of $2,500 on combined purchases across the 3% and 2% 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.
Affter looking at all of the credit cards with sign-up bonus offers, here are our selections for the top offers on the market right now:
|Best For:||Credit Card||Sign-up Bonus||Annual Fee||CreditCards.com Rating|
|Points sign-up bonus||Chase Sapphire Preferred® Card||60,000 Points For spending $4,000 in the first 3 months||$95||3.9 / 5|
|Rewards||Wells Fargo Propel American Express® card||20,000 Points For spending $1,000 in the first 3 months||$0||3.5 / 5|
|Cell phone protection||Wells Fargo Cash Wise Visa® card||$150 For spending $500 in the first 3 months||$0||3.8 / 5|
|Everyday points||Citi Rewards+℠ Card||15,000 Points For spending $1,000 in the first 3 months||$0||3 / 5|
|Cash sign-up bonus||Bank of America® Cash Rewards credit card||$200 For spending $1,000 in the first 90 days||$0||3.4 / 5|
|Business sign-up bonus||Ink Business Cash℠ Credit Card||$500 For spending $3,000 in the first 3 months||$0||3.3 / 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, it 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. Cards like the Delta SkyMiles® Blue American Express Card encourage repeat customers with bonus miles. A points-based bonus, such as that of the Wells Fargo Propel, can give you a lot of redemption flexibility with options outside airlines – like earning or redeeming points on a rental van for a summer road trip.
Cash back is typically more straightforward. Gift cards and merchandise redemption can actually be quite lucrative with these cards.
With cash back, you can use your statement credit toward gifts you’ve bought at department stores, gas to visit family or camping at a national park.
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:
When choosing a card, it’s important to weigh how accessible the spending limit is versus when you want to receive the intro bonus. For example, the Discover it® Cash Back card’s Cashback Match bonus doubles the cash back you earned at the end of your first year, while the Bank of America Cash Rewards earns you $200 back after spending $1,000 within the first 90 days.
If your sign-up bonus comes via points or miles, how you redeem them matters, too. For example, the Chase Sapphire Preferred card’s sign-up of 60,000 points to new cardholders who spend $4,000 in the first 3 months can be redeemed for travel through the Ultimate Rewards portal for a 25% 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.
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.
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. It’s also important to consider the points’/miles’ contextual value, depending on your current circumstances. 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 ThankYou Rewards card sign-up bonus every 24 months after receiving a bonus, opening an account or closing an account. Personal Citi / AAdvantage cards follow the same rules but with a 48-month window.|
|Barclays||According to their terms and conditions for most cards, only first-time cardholders qualify for a bonus.|
|Discover||First-year Cashback Match bonuses are only available for new card members.|
|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 couples (married or otherwise) to sign up for the same card separately. Yes, even if your spouse is already an authorized user on your account, you can earn twice the number of bonus points!
For example, if you and your partner are staying indoors, two Bank of America Cash Rewards cards could double your $200 intro bonus (must spend $1,000 in your first 90 days) while doubling your 3% online shopping bonus category spending limit ($2,500 limit on combined 3% and 2% rewards each quarter, then 1%).
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 2-4% 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.
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 since it’s usually added right into your rewards pool or automatically goes toward your card balance.
Essentially reserved for cash back and points cards, some issuers allow cardholders to use their rewards while paying for online purchases at certain retailers. For example, Discover allows you to use your cash back rewards at Amazon.com’s checkout.
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. Travel card issuers may offer gift card rewards, but it’s often inadvisable because you’re losing value redeeming rewards and miles for gift cards. Some cash back cards offer decent deals, however. Discover adds $5 to gift cards you redeem for, and the Citi Rewards+ Card rounds up points toward gift card redemptions.
Redeeming for travel rewards can typically yield the highest value depending on your issuer’s redemption system.
Airline card rewards are best used for brand-loyal 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 to Europe planned for next year, you can redeem for airfare, hotel, limo service and more.
Similarly, 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.
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.”
Discovering where you fall on the cash back vs. points debate can be a deciding factor in which card you choose. 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.
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 email@example.com and on Twitter @creditcards_lm.
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