Credit card issuers are obsessed with the pursuit of new customers. And one of the primary ways to entice new applicants has been through credit card sign up bonuses. While the offers rise and fall throughout the year, it is important that savvy cardholders keep track of the best offers.
Best Overall Credit Card Rewards Offer – Chase Sapphire Preferred ®
Chase’s Sapphire Preferred ® card continues to top the list of hot offers this summer. New applicants will receive 40,000 bonus points after they spend $3,000 within the first three months of opening an account. These points can be used many ways. They can be worth one cent each towards merchandise, gift cards, or statement credits. Or, they can be used to book $500 worth of airfare directly. Finally, they can be transferred to points or miles with the programs of several different airlines and hotels. Depending on how the miles are then used, they can be worth significantly more than one cent when used for flights or hotels.
Another Good Option – Citi ThankYou Preferred
Citi’s ThankYou Preferred rewards card currently offers 15,000 points as a sign up bonus, which is worth $150 in gift cards from major retailers ranging from Home Depot to Best Buy. The bonus is received after new cardholders make $1,000 in purchases within three months of account opening. This offer is down from previous ones which were as high as $250. This could be the first indication that there will be some decline in rewards offered in the near future.
Cash Back Credit Card Offers – Citi Dividend and Chase Freedom
The Citi Dividend Platinum Select Visa is offering $100 cash back after new customers make $500 in purchases within the first three months of opening an account. This card also offers 0% APR promotional financing on both new purchases and balance transfers for one year. There is no annual fee for this card and cardholders can earn 5% back in categories that rotate every three months and 1% cash back on all other purchases.
The Chase Freedom Visa also offers new card-members $100 cash back after $500 in purchases within the first the first three months of account opening. Furthermore, its 0% introductory rate offer on new purchases and balance transfers extends to 15 months. There is no annual fee for this card, and cardholders can enroll in Chase’s innovative Blueprint program that helps them save money on interest and pay off their debt sooner. Like Citi’s Dividend, this card also offers 5% cash back in rotating categories and 1% on all other purchases with no limit on how much in cash back rewards can be earned.
For more information on these offers, please click the apply buttons to review offer terms and conditions.