Sunday, 26 May 2019

Best Credit Card Sign-Up Bonus For April 2019

Lured into applying for a new rewards credit card with a generous sign-up bonus? Make sure you’re making the right choice.

Typical sign-up bonuses require you to spend a given amount (usually ranging from $500 – $5,000) within the first few months of account opening (on average the first three months) before you can reap your reward. The type of bonus you earn can differ by issuer and come in the form of points, miles, cash back, and statement credit.

In this post, we list the best sign-up bonuses that you can earn from new credit cards, organized by credit cards for personal or business use and by category (travel, airline, cash back, and more).

Best travel rewards sign-up bonus: Chase Sapphire Preferred® Card

 Chase Sapphire Preferred® Card

 Chase Sapphire Preferred® Card

The information related to Chase Sapphire Preferred® Card has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Chase Sapphire Preferred® Card

Regular Purchase APR
18.24% – 25.24% Variable
Annual fee
$95
Rewards Rate
2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide

The bonus offer: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening..

What the points are really worth: 1 point is worth $.01, and when you redeem for travel via Chase Ultimate Rewards, 1 point is worth $.0125.

Other reasons to like this card:

  • 25% more in redemption: When you redeem points for travel with Chase Ultimate Rewards® your points get 25% more value. For example, 60,000 points are worth $750 toward travel.
  • 1:1 point transfer: Points can be transferred at a 1:1 rate to participating frequent travel programs currently including: Aer Lingus AerClub, British Airways Executive Club, Flying Blue Air France KLM, Iberia Plus, JetBlue TrueBlue, Singapore Airlines, Southwest Rapid Rewards, United MileagePlus, Virgin Atlantic Flying Club, IHG Rewards Club, Marriott Bonvoy and World of Hyatt.

Bottom Line: The Chase Sapphire Preferred® Card is a good fit for people who frequently travel and would like an increased redemption value for their points with the 25% more value you receive when redeeming for travel with Chase Ultimate Rewards.

Best hotel credit card sign-up bonus: Hilton Honors American Express Ascend Card

Hilton Honors Ascend Card from American Express

Hilton Honors Ascend Card from American Express

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on American Express’s secure website

Terms Apply | Rates & Fees

Hilton Honors Ascend Card from American Express

Regular Purchase APR
17.99%-26.99% Variable
Annual fee
$95
Rewards Rate
Earn 12X Hilton Honors Bonus Points for each dollar of eligible purchases charged on your Card directly with a hotel or resort within the Hilton Portfolio. Earn 6X Hilton Honors Bonus Points for each dollar of eligible purchases on your Card at U.S. restaurants, U.S. supermarkets, and U.S. gas stations. Earn 3X Hilton Honors Bonus Points for all other eligible purchases on your Card.
Credit required
good-credit
Excellent/Good

The welcome offer: Earn 125,000 Hilton Honors Bonus Points with the Hilton Honors American Express Ascend Card after you use your new Card to make $2,000 in eligible purchase within the first 3 months of Card Membership.

Other reasons to like this card:

  • Generous rewards: Earn 12X Hilton Honors Bonus Points for each dollar of eligible purchases charged on your Card directly with a hotel or resort within the Hilton Portfolio. Earn 6X Hilton Honors Bonus Points for each dollar of eligible purchases on your Card at U.S. restaurants, U.S. supermarkets, and U.S. gas stations. Earn 3X Hilton Honors Bonus Points for all other eligible purchases on your Card.
  • Elite Status: Get automatic Hilton Honors gold status with perks including 80% tier bonus points per hotel stay, automatic space-available room upgrade, guaranteed room discount, no resort fees on reward stays, early check-in and late check-out and fifth standard reward night free.
  • Nice perks: 10 Priority Pass™ Select airport lounge passes a year, car rental loss and damage insurance, travel accident insurance, Global Assist hotline, extended warranty, return/purchase protection and access to ticket presales and cardmember-only events.
  • Flexible redemption: Redeem points for hotel stays, room upgrades, travel and transportation, exclusive experiences, shopping, dining and donations.

Bottom Line: You get the biggest bang for your buck with the Hilton Honors American Express Ascend Card — with its $95 annual fee — if you’re a Hilton Honors member. The card’s generous welcome offer, paired with high points per dollar spent on hotels, dining, supermarkets and gas, are pretty attractive. And you can’t beat a card that comes with automatic gold status and some travel and purchase perks. This is a good card to use when traveling outside the U.S. since the foreign transaction fee is None.

Best airline credit card sign-up bonus: Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard®

The bonus offer: Earn up to 50,000 American Airlines AAdvantage® bonus miles: 40,000 AAdvantage® miles after making $2,000 in purchases in first 3 months and 10,000 after making a total of $6,000 in purchases in first 12 months of account opening*.

What the points are really worth: The value of AAdvantage® miles vary by redemption method, and there is no set monetary value.

Other reasons to like this card:

  • Preferred boarding: You can board the plane faster when flying with American Airlines*.
  • First checked bag free: On domestic American Airlines flights, your first checked bag is free for you and up to four companions.
  • 25% inflight savings: Receive a 25% savings on eligible inflight food and beverage purchases when you use your card on American Airlines flights*.

Bottom Line: The Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard® is a great choice for American Airlines flyers who want to enjoy extra perks on their flights such as preferred boarding and inflight savings.

Best cash back sign-up bonus: Capital One® Savor® Cash Rewards Credit Card

Capital One® Savor® Cash Rewards Credit Card

Capital One® Savor® Cash Rewards Credit Card

APPLY NOW Secured

on Capital One’s website

Capital One® Savor® Cash Rewards Credit Card

Regular Purchase APR
16.74% – 25.74% (Variable)
Annual fee
$0 intro for first year; $95 after that
Rewards Rate
4% Cash Back on dining; 4% Cash Back on entertainment; 2% Cash Back at grocery stores; 1% Cash Back on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
Credit required
good-credit
Excellent/Good

The sign-up bonus: Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening.

Other reasons to like this card:

  • Good rewards: 4% Cash Back on dining; 4% Cash Back on entertainment; 2% Cash Back at grocery stores; 1% Cash Back on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
  • Broad category definitions. Dining includes restaurants, cafes, bars, lounges, fast-food chains and bakeries. Entertainment covers tickets for movies, plays, concerts, sporting events, tourist attractions, theme parks, aquariums, zoos, dance clubs, pool halls and bowling alleys. It also covers purchases at record and video rental stores.
  • No rotating cashback bonuses: No quarterly sign-ups are required to earn cash rewards. Cash back won’t expire as long as the card is active and there are no limits on how much cash back you can earn.
  • Fair perks. The card comes with travel assistance services, a concierge, extended warranty, price protection and a monthly membership to the Postmates delivery service through December 2019. The foreign transaction fee is None.

Bottom Line: This card is best for those who want to earn more cash back for dining and groceries. Outside of that, there are other cashback cards that offer better rewards in top spending categories. Entertainment rewards don’t include digital streaming and subscription services. The annual fee is $0 intro for first year; $95 after that.

Best luxury card sign-up bonus: Chase Sapphire Reserve®

Chase Sapphire Reserve®

Chase Sapphire Reserve®

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The information related to Chase Sapphire Reserve® has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Chase Sapphire Reserve®

Regular Purchase APR
19.24% – 26.24% Variable
Annual fee
$450
Rewards Rate
3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.

The bonus offer: Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

What the points are really worth: 1 point is worth $.01, and when you redeem for travel via Chase Ultimate Rewards®, 1 point is worth $.0150.

Other reasons to like this card:

  • 50% more in redemption: Points redeemed for travel with Chase Ultimate Rewards earn 50% more in redemption value. For example, 50,000 points are worth $750 toward travel.
  • 1:1 point transfer: Easily transfer points at a 1:1 rate to participating frequent travel programs currently including: Aer Lingus AerClub, British Airways Executive Club, Flying Blue Air France KLM, Iberia Plus, JetBlue TrueBlue, Singapore Airlines, Southwest Rapid Rewards, United MileagePlus, Virgin Atlantic Flying Club, IHG Rewards Club, Marriott Bonvoy and World of Hyatt.
  • Airport lounge access: You can access over 1,000 airport lounges worldwide with a complimentary, one-time enrollment in Priority Pass™ Select.

Bottom Line: The Chase Sapphire Reserve® offers a fantastic sign-up bonus that can benefit from the 50% more value points earn when redeemed for travel with Chase Ultimate Rewards — great for travelers looking to maximize their points.

Best cash back sign-up bonus for businesses: Ink Business Cashâ„  Credit Card

Ink Business Cashâ„  Credit Card

Ink Business Cashâ„  Credit Card

The information related to Ink Business Cashâ„  Credit Card has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Ink Business Cashâ„  Credit Card

Regular Purchase APR
15.49% – 21.49% Variable
Annual fee
$0
Rewards Rate
Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.

The bonus offer: Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.

Other reasons to like this card:

  • 0% Intro period: This card offers an intro 0% for 12 Months on purchases allowing your business time to pay off any large purchases made during this period. There is also 0% for 12 Months on balance transfers. After the intro period ends, a 15.49% – 21.49% Variable APR applies.
  • Higher rewards rate for select business purchases: Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn..

Bottom Line: The Ink Business Cash℠ Credit Card is great for businesses that want a flexible cash back card that allows them to choose select business categories to earn the higher cash back rate.

Best travel points sign-up bonus for businesses: Ink Business Preferred℠ Credit Card

Ink Business Preferredâ„  Credit Card

Ink Business Preferredâ„  Credit Card

The information related to Ink Business Preferredâ„  Credit Card has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Ink Business Preferredâ„  Credit Card

Regular Purchase APR
18.24% – 23.24% Variable
Annual fee
$95
Rewards Rate
Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.

The bonus offer: Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening

What the points are really worth: 1 point is worth $.01, and when you redeem for travel via Chase Ultimate Rewards®, 1 point is worth $.0125.

Other reasons to like this card:

  • 25% more in redemption: When you redeem points for travel with Chase Ultimate Rewards®, they are worth 25% more. For example, 80,000 points are worth $1,000 towards travel.
  • 1:1 point transfer: If you’re a part of participating frequent travel programs, you can transfer points at a 1:1 rate. Partners currently include: Aer Lingus AerClub, British Airways Executive Club, Flying Blue Air France KLM, Iberia Plus, JetBlue TrueBlue, Singapore Airlines, Southwest Rapid Rewards, United MileagePlus, Virgin Atlantic Flying Club, IHG Rewards Club, Marriott Bonvoy and World of Hyatt.
  • Higher rewards rate for select business purchases: Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn. This is a great way for you to earn points on purchases your business spends a lot in.

Bottom Line: The Ink Business Preferred℠ Credit Card is a great card for businesses that travel since you can earn 25% more value in point redemptions with Chase Ultimate Rewards. Also, if your business wants to choose which categories they want to earn the higher rewards rate in, this card has several options with something for all businesses.

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How to maximize your sign-up bonus

Below we list some helpful tips for you to select the best sign-up bonus for your spending and how to make sure you actually earn the bonus. Here’s what you need to know:

  • Understand how the minimum spend requirement and time period works. Nearly all sign-up bonuses require a minimum spend for you to earn the bonus. For example, a card may require you to spend $1,000 on purchases in the first 3 months of account opening to earn 5,000 bonus points. If you open your card January 1, then you have until March 30 to spend $1,000. Each sign-up bonus differs, so make sure to check the terms and conditions.
  • What qualifies as spending on purchases? Sign-up bonuses have clear terms that require you to spend a certain amount, that means certain transactions don’t count for the spending requirement. Transactions that aren’t often eligible often include: balance transfers, cash advances, travelers checks, foreign currency, money orders, wire transfers, interest, and fees of any kind.
  • Make a large purchase upfront to secure the bonus. If you plan on making a large purchase like a laptop or television, try and make it as soon as possible so you can meet the required spending for the bonus. But only do this if it’s feasible to pay it off soon after. If you make a large purchase upfront and are unable to pay it off before your statement is due, you will be stuck paying interest — unless your card has a 0% intro APR period. Still, you don’t want to fall into debt just to get the sign-up bonus.
  • Check other terms and conditions. A good rule of thumb is to look at the terms and conditions before you apply for any card. This allows you to see if the points / cash back expire or are only redeemable in certain ways. Reviewing the T&C can prevent you from missing out on your sign-up bonus.
  • Don’t be too greedy. To thwart people from nabbing sign-up bonuses and closing cards repeatedly, issuers may have rules that prevent customers from signing up for several cards from the same issuer over the course of a specific time period.
  • Take note: offers are time sensitive. Sign-up bonuses can change at any time, meaning an offer you click on may not be there later if you refresh or close the window.

How we picked the best sign-up bonus offers

The way we formulated this list was by looking at cards from all major issuers as well as some credit unions. From there we divided cards into two categories — travel points and cash back. When comparing cards in the travel category, we made sure to compare points worth, spending requirements, and rewards bonuses for redeeming via the issuer’s portal. For cash back cards, we simply looked at the size of the bonus and spending requirements. If there were cards with similar sign-up bonuses, we considered other features such as 0% intro period, APR and annual fees.

Let’s take an example, where 2 rewards cards both require you to spend $3,000 in the first 3 months of card membership:

  • Card A earn you 50,000 points
  • Card B earns you 60,000 points

Now someone may only look at the sign-up bonus for the Card B offer and think, “Wow, I earn 10,000 more points compared to Card A, I want Card B.”

But a closer look at the terms and conditions reveal that the points’ value differs for each card:

  • Card A’s points are worth $.0125 each when redeemed through the issuer’s portal
  • Card B’s points are worth $.01 each

Here’s the monetary value of the sign-up bonus for each card:

  • Card A: $625
  • Card B: $600

So the sign-up bonus that would be better is Card A, when considering points worth and redemption methods. Therefore, it’s always important to look at various aspects of a card, not solely the sign-up bonus.

Now let’s look at a cash back example:

  • Card A requires you to spend $1,000 within the first 3 months of card opening to earn $150 cash back
  • Card B requires you to spend $500 within the first 3 months of card opening to earn $150 cash back
  • Card C matches your cash back at the end of 12 months, and doesn’t require a minimum spending amount

It’s pretty clear that Card A is the worst value. Card B is better since you have to spend half the amount to earn the same sign-up bonus as Card A. However, if you spend over $15,000 in the first 12 months of card opening, Card C is the best option with unlimited cash back matching and no required spend.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Benét J. Wilson

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Source: https://www.magnifymoney.com/blog/credit-cards-2/best-credit-card-sign-up-bonus-offers-738905259/

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