Best Credit Card Sign-Up Bonus Of 2022
Try using reward credit cards if you’re wondering how to make money off of your shopping! By purchasing items using your card, you can get points or miles and occasionally even cash back. Particular cards provide travel benefits and such perks alongside standard rewards. For new cardholders, many suppliers provide excellent bonuses and discounts.
Redeeming possibilities may differ depending on the card you choose. Certain categories have higher redemption rates than others. A travel card, for instance, has high values for hotel reservations.
Each credit card is unique and offers specific benefits. Find what best meets your demands if you’re seeking the best credit card signup bonus by thoroughly researching the market. Take into account both your income and your spending patterns.
Credit Cards With Sign-Up Bonuses: Best Offers
New cardholders are frequently offered the best sign-up bonuses on credit cards to encourage them to apply for the card and begin using it straight away. Sign-up incentives for credit cards can be very beneficial. However, you should ensure that you are qualified to receive a card’s sign-up bonus and that you can fulfill its spending requirements.
You could occasionally receive a period with 0% APR as part of the signup offer. Typically, this lasts between 12 and 18 months, depending on the supplier. Some of the best credit card signup bonuses are detailed in the section below.
Chase Freedom Flex℠
Chase Freedom FlexSM is the finest option for you if you’re seeking the best credit card bonus. To increase your earnings, though, you might need to work a little bit harder. Additionally, there are other set bonuses and rotating categories where you can receive 5% cash back. This card is best for travelers!
APR is 0% for the first 15 months, with a range of 17.99% to 26.74% later on. The annual fee for this card is $0! Your credit score must be between 690 and 850, and it must be good or exceptional to qualify.
Spending $500 in the first three months after opening your account is required to receive a $200 signup bonus. On your traveling purchases, you can receive 5% cash back. Many bonus categories are available. You can earn a variety of rewards by engaging in several bonus categories.
Pros:
- Extra spending categories
- 15-month intro period with 0% APR
- No annual fees
Cons:
- Requiressome work
- Good credit is a requirement
Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card provides the best credit card sign-up bonus, as well as many other rewards. With this card, you can get 60,000 bonus points. Simply make $4,000 in purchases within the first three months from the account opening!
Once you’ve accumulated enough points, you can use them to gain up to $750 in Chase Ultimate Rewards® credit. There is an annual charge of $95 and an APR ranging from 18.99% to 25.99%. However, they offer numerous ways for you to earn points and cover the charge. If you enjoy traveling, Chase Sapphire Preferred® might be best for you.
You can earn 5 times as many points overall if you use this travel card to make a transaction! You can get twice as many on other expenses. Get 3x points for meals, including takeaway, delivery, and dining out, in addition to that! Receive the same number for streaming services, and one for every dollar spent on all other services.
Pros:
- Many chances to earn
- There are no foreign transaction fees
- Customer support available 24/7
Cons:
- There is an annual fee
Capital One Venture Rewards Credit Card
Are you in need of the best credit card sign-up bonus? If that is the case, the Capital One Venture Rewards credit card is perfect for you! To get 75,000 extra miles after opening your account, you must spend $4,000 in the first three months. That is $750 in real money that you can use towards trip costs.
The fee is $95 per year. The Annual Percentage Rate (APR) ranges from 18.99% to 26.99%. To effortlessly plan a new trip, simply redeem your miles! Additionally, you are eligible to get reimbursement for prior travel costs. Hence, why this card is best for travel expenses.
With this card, you can earn 2x the miles on all purchases. The best part is that the rewards you earn never expire. Furthermore, there is a chance to receive credit for TSA PreCheck® or Global Entry.
Pros:
- Numerous rewarding possibilities
- Flexibility of redemption
- Foreign transaction fees are absent
Cons:
- Annual fee of $95
- Good or excellent credit score
The Platinum Card® from American Express
The American Express Platinum Card could be the best option for you if you’re searching for high travel rewards. You have the potential to accumulate up to 150,000 points in the first six months. You simply need to spend $6,000 on items within that timeframe.
The range of the annual percentage rate is 18.99% to 25.99%. The annual cost of this card is $695. Despite that, this credit card still has a lot of advantages. For accommodation and travel, you can earn 5x points, while other expenses earn 1x.
You should consider the perks and drawbacks of Amex Platinum to make the best choice:
Pros:
- Top signup bonus
- Redeeming is flexible
- They use a soft check for credit
Cons:
- High annual fee
Capital One SavorOne Cash Rewards Credit Card
The Capital One SavorOne Cash Rewards Credit Card may well be the perfect fit for you if you enjoy a good meal. All bonuses focus on food and entertainment. In addition to other expenses, you can receive 3% cash back on expenses such as groceries and dining out.
Having no annual fees is a fantastic feature of this card. As part of the registration bonus, the APR is 0% for the first 15 months. This period applies to payments as well as balance transfers. After those 15 months, the APR ranges from 17.99% to 27.99%.
There is a $200 cash bonus available to new members. Simply spend $500 within the first three months to qualify. Remember that 1% cash back is also available on other purchases.
Pros:
- Travel insurance for medical emergencies
- PayPal redemptions
- Signup bonuses
Cons:
- 3% cash back is not flexible
- Good credit score required
Capital One Quicksilver Cash Rewards Credit Card
Do you want lucrative rewards without complicated terms and conditions? Capital One Quicksilver Cash Rewards Credit Card might be the option for you. The signup bonus solely allows you to get 3% cash back for the entire first year!
Once that period passes, you will get 1.5% cash back instead. The Annual Percentage Rate is 0% for the first 15 months and varies in the range of 17.99% – 27.99% after that. The best part is that the annual fee for Quicksilver Cash Card is $0!
The thing that sets this card apart is that there is no pressure! You do not have to spend tons of money in a fixed period to get rewarded. Here are some other pros and cons to help you out:
Pros:
- Annual fee is $0
- Good sign-up bonus
- 0% APR for 15 months
Cons:
- You must have a good/excellent credit history
Amazon Prime Rewards Visa Signature Card
Making purchases with Amazon and Whole Foods is widely popular because you can find pretty much everything there! If you are loyal to these suppliers, Amazon Prime Rewards Visa Signature could be the best credit card for you. As soon as you get approved for this card, you are eligible for a $150 Amazon gift card!
If you have a Prime membership, you can get 5% cash back on all Amazon purchases. Get 2% back on restaurants and petrol pumps, as well as 1% on all other expenses. They occasionally offer bonus categories that rotate and are time-limited.
There is no annual fee, and APR varies from 17.99% to 25.99%. However, instead of 5% cash back, you can choose to have a 0% APR for the first 15 months. This applies to all expenses of $50 or more.
Pros:
- Rotating categories
- Lucrative cash back
- Best signup offer
Cons:
- You must have a membership
- Great credit score
What Are Credit Cards With Sign-Up Bonus?
When getting a rewards card, the sign-up bonus is a good indicator if the card is lucrative or not. Many suppliers provide excellent signup bonuses for new cardholders. That way, they encourage people to start using the card and getting rewarded right away.
Some cards give you cash back, and others give redeemable points. Most of the time, you can even get a 0% APR period as well. The rewards vary significantly depending on which card you choose.
It is important to check which categories are most popular with a particular brand. That way, you can see if the credit card matches your spending habits. Bear in mind that a lot of the cards will have certain terms to fulfill before you can get to your bonus.
Pros and Cons of Sign-Up Bonus Credit Cards
Rewards credit cards are an excellent way to benefit from your spending patterns. However, when it comes to these, you need to consider the best credit card sign-up bonuses. There are both advantages and disadvantages to such cards.
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Pros: |
Cons: |
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Cashback – A lot of credit cards provide a higher percentage of cash back if you are a new cardholder. This is generally available for a set period, for example, 12 months. |
Fees – A lot of good cards charge annual and other transaction fees. However, there is quite a few options out there without such costs. |
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Gift Cards – Some reward cards, such as Amazon Prime, offer gift cards to all newcomers. |
Credit score – Most companies will check your credit history to determine if your score is at least good enough to qualify. |
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No APR Period – A great feature of certain suppliers is that there is an introductory 0% Annual Percentage Rate period. |
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Convenience – They are easy to use while making payments, and you get to earn from them! |
How to Calculate The Value of a Sign-Up Bonus
Each credit card is different, and the signup bonuses vary. However, there is still a way to figure out where it is worth it! Try following the steps below to best calculate the actual bonus.
- Calculate your earnings
Figure out how much your income is to be able to determine what is the right card for you.
- Check how much you spend a month
Look into your expenses and see what you spend on the most. Your spending category might bring you a lot of discounts with the right credit card. See if it is worth getting a rewards card based on your expenses.
- Look into the bonus requirements
Does the bonus require you to spend a lot of money within the first few months? Make sure you are able to fulfill those requirements without going above and beyond to do so.
Who Should Apply For a Credit Card Sign-Up Bonus?
Even though they are quite lucrative, rewards credit cards are not for everyone. For some people, they are definitely the best option. However, before getting a card with a signup bonus, you need to understand if you actually need one.
You should apply for such a card if you believe you can easily fulfill the requirements for the signup offer. If you have to spend extra hard to be able to save around $500, then it is not worth it. That way, you would lose more money than you would save. But if you spend a lot anyway, and need a way to make a profit off of it, then definitely go for it!
How to Choose The Best Sign-Up Bonus Credit Card
When there are a lot of options, the decision-making process is not that easy. However, the great part is that you can choose what suits your needs the best! There are certain factors that can make this decision a lot simpler. To help you pick the best sign-up bonus credit card, see below for some of the points to consider.
Bonus Value
As each card offers a different bonus, the first thing to consider is the value. Is this bonus truly as good as it sounds? Can you make the most of it in the given timeframe? There are many questions that you need to find the answers to if you want to decide if the perks are valuable.
Check if you are going to earn enough points to cover at least certain expenses. If there is an annual fee, consider that as well. The bonus should be able to cover that cost, but also give you other rewards.
Long-Term Value
When looking for the best card, a signup offer is always a useful perk. However, make sure that this card is more than its introductory deal. Once the intro period passes, you need to keep using the card. For that reason, check if the fees and other rewarding programs are beneficial even after that.
Credit Score Required
Even though some suppliers will let you apply for a credit card with them, most of them look for good credit history. Generally, your credit score needs to fall between 690 and 850. That means it has to be either good or excellent.
In the application review process, they will do a credit check to confirm the information you provided. Make sure the company is using a soft check so it does not harm your current score. Any score above 740 is considered exceptional!
Conclusion
Sign-up bonuses are a way for credit card suppliers to encourage people to start using their card right away. They can certainly be highly beneficial if the requirements are reasonable. There are numerous cards out there that offer great intro promotions! Make sure to explore your options until you find the perfect one!
FAQ
- How many credit cards with sign-up bonuses can I have?
Even though it is possible, having multiple cards with sign-up bonuses is not highly recommended. It might be difficult to achieve what the cards require, and you could end up losing more money than getting rewards.
- What is the best sign-up bonus for a credit card?
This depends on your income, spending habits, and your needs. Some people prefer cash back, while others want discounts and collecting points.
- Why is a credit card sign-up bonus important?
A sign-up bonus can be a great way to determine if a card is worth it. These bonuses are sometimes valid for a year, which makes them very appealing. However, it is important to look into the rewards after the initial bonus expires as well.
- Where can I get a credit card with a sign-up bonus?
There are numerous credit cards with signup bonuses out there. For the majority, you can apply online! Search for your desired card and check out the application process.
