It is amazing how competitive the credit card market is in the United States. Banks are willing to do almost anything to attract new customers, and their most powerful tool is the sign up bonus.
And while many observers like to look back nostalgically at some of the great bonuses that have been offered in the past, there are still some amazing deals currently available.
Chase Sapphire Preferred Card
This card features not only a great sign up bonus, but it is a fantastic card for daily use as well. New cardholders 40,000 bonus points after you spend $3,000 in the first three months of opening a new account. Chase’s Ultimate Reward points are worth one cent each as a statement credit, or 1.25 cents each towards travel reservations including airfare, hotels, car rentals, cruises, and activities.
But even more valuable can be the option to transfer points to the program of several different airlines and hotels. For example, points can be transferred to miles with British Airways, Southwest, United, or Korean Airlines. And since British Airways miles can be redeemed for flights on American Airlines, Korean for Delta, and United for US Airways, Ultimate Rewards points can lead to award tickets with all the major carriers within the United States.
Beyond airlines, points can also be transferred to the Hyatt, Priority Club, Marriott, and Ritz-Carlton hotel chains, as well as the Amtrak Guest Rewards program.
Other top sign up bonuses
Many of Chase’s offerings currently have excellent sign up bonuses that can be combined with points transferred from the Sapphire Preferred card.
Marriott Rewards Premier Credit Card. This card offers even more Marriott points, 50,000 after spending $1,000 within three months of opening an account. This is enough for up to seven free nights.
Hyatt Credit Card. Don’t count the Hyatt card out, which is another one of Chase’s partners. This card offers two free nights at any location after spending $1,000 within the first three months of opening an account. And with luxury properties at Asian and European capitals charging up to $1,000 per night, this could be one of the most valuable sign up bonuses offered.
By learning about all of the generous sign up bonuses currently be offered, credit card users can make the most of the new applications.