Top 10 Current Credit Card Bonuses for A Round of Applications
Update: Some offers mentioned below are no longer available. View the current offers here.
In the credit card game, when great offers come along, you've got to hop on them fast. Sign-up bonuses are the fastest way to rack up a lot of points or miles, and in order to maximize the great deals out there, a lot of folks apply for multiple cards in a single day.
The benefit of this is that the issuers generally won't see the applications to other issuers on that same day, increasing your chances of approvals and making it easier in the long run to track how long credit card inquiries remain on your credit report.
When you do all your applications in one day, the inquiries generally fall off your credit report in batches as well. Let me be clear here, this is not an exact science, and I don't stick to a strict quarterly schedule myself. If there's an incredibly generous limited-time offer, I'll still apply even if it's not timed to my quarterly schedule.
Although 2014 has been kind of slow in terms of high sign-up bonuses, there are several great limited-time offers available at the moment that might have you thinking about a round of applications.
Today I reported on a 100,000-mile sign-up bonus for the Citi AAdvantage Executive World Elite MasterCard, and earlier this month, Southwest upped the bonuses on its credit cards to 50,000 miles. All that means there are plenty of points and miles out there for the taking, and now is the time to apply.
If you're thinking about getting in on these, here are the other top offers out there at the moment you can apply for at the same time.
This is not a list of every offer on the market. For that I recommend going to the Top Deals page, and feel free to add your suggestions in the comments below.
Before you get started, be sure to check out my posts on How To Check Your Credit – Preparing For The Credit Card Application Process, and When To Cancel A Card – My Personal Card Inventory and Decision Process.
AMERICAN EXPRESS
Premier Rewards Gold Card from American Express
Current Bonus: The current public offer is 25,000 points after $2,000 spend in the first 3 months – however, many people have been targeted with a higher offer of 50,000 points after spending $1,000 in 3 months through the Card Match Tool so be sure to check there first. (This offer is subject to change at anytime).
Benefits: Earn 3X points per $1 on flights booked directly with airlines, 2 points per dollar on US supermarkets, and one point per dollar on other transactions. Get a $75 Hotel Credit on qualifying charges, plus a room upgrade, if available with the Hotel Collection.
Annual Fee: $195 waived the first year
The Blue for Business Credit Card from American Express
Current Sign-up Bonus: Earn 10,000 bonus points after your first purchase on the card in the first 3 months. Get 2X points on all qualifying purchases when booked through Amex Travel website.
Annual Fee: $0
While not the highest-earning card, for a no annual fee card with a travel bonus and a 30% points dividend, you can really rack up the points fast. While these Amex points are only good for cash back, if you have another premium Amex Membership Rewards points card like the Business Gold Rewards or Platinum cards, you can combine your balances and take advantage of the program's transfer partners.
BARCLAYCARD
Barclaycard Arrival Plus World Elite Mastercard
Current Bonus: 40,000 miles with $3,000 spend in the first 90 days
Benefits: Earn 2 miles per dollar spent on all purchases and receive 5% of your miles back when you redeem on travel. No foreign transaction fees. For more information on this card, read my review here, and then check out this post for details on its Travel Bonus Category and Redemption Options, and this one for ideas on the Top 10 Ways To Maximize Barclaycard Arrival Miles.
Annual Fee: $89 waived the first year
US Airways Premier World Mastercard
Current Bonus: 40,000 miles after first purchase or balance transfer in the first 90 days.
Other Benefits: Receive an annual companion certificate good for up to 2 companion tickets upon approval and every year, 5,000-mile discounts on awards, 2X miles per $1 on US Airways purchases. Also receive 1 complimentary US Airways Club day pass and get first class check in and Zone 2 boarding.
Annual Fee: $89
CHASE
Chase has several great offers out there including these three that you should get in on while they last.
Ink Plus Business Card
Current Bonus: 60,000 points with $5,000 spend in the first 3 months
Benefits: Earn 5 points per dollar at office supply stores, cellphone, landline, internet, and cable TV services and 2 points per dollar spent at gas stations and on hotel accommodations, up to $50,000 annually. Receive a complimentary LOUNGE CLUB membership and 2 free visits each year with access to over 350 VIP airport lounges.
Annual Fee: $95
Southwest Rapid Rewards Premier Credit Card:
Current Bonus: 50,000 points after you spend $2,000 in the first three months.
Benefits: With this card you will earn 2 points per dollar spent on Southwest purchases as well as Rapid Rewards Hotel and Car Rental Partner purchases and 1 point per dollar spent on all other purchases. This offer comes and goes, but the best time to apply is between October and December so that you hit the $2,000 spend requirement as early in the new year as possible if you're gunning for the holy grail of travel rewards - the Companion Pass.
Annual Fee: $99
If you're looking for a personal card with a decent sign-up bonus and the flexibility of transferrable points, then my top pick is:
Chase Sapphire Preferred
Current Bonus: 40,000 points when you spend $3,000 in 3 months
Spending Bonuses: 2 points per $1 on travel (which includes flights, hotels, car rentals, subway, parking, taxis, etc.) and restaurants (basically any food establishment and catering) with no maximum caps.
Benefits: Points are worth 1.25 cents when redeeming with pay-with-points for airfare, hotel, car rentals and cruises (that means the 40,000 sign-up bonus = $500 towards travel at the very minimum); 7% annual points dividend even on points already redeemed; no foreign transaction fees; extra earning potential through the Ultimate Rewards earning mall; Ultimate Rewards Exclusives experience redemptions, Visa Signature perks and protections, no foreign transaction fees and chip & signature technology
Transfer Partners: United, British Airways, Southwest, Korean Air, Virgin Atlantic, Hyatt, Marriott, Ritz-Carlton, Priority Club, Amtrak.
Annual Fee: $95, waived the first year
CITI
If $450 annual fee on the current 100K Citi Executive AAdvantage card is too much, here are a couple alternatives to consider.
Citi / AAdvantage Platinum Select World Elite Mastercard
Current Bonus: 50,000 American AAdvantage miles after $3,000 in purchases within the first 3 months of cardmembership
Category Spending Bonuses: Earn 2 AAdvantage miles per $1 spent on eligible American Airlines purchases, 1 mile per $1 on everything else
Benefits: Your first eligible checked bag is free, priority boarding and 25% savings on eligible in-flight purchases, earn 10% of your redeemed AAdvantage miles back, reduced mileage awards, up to 10,000 AAdvantage miles each calendar year, earn a $100 American Airlines flight discount every cardmembership year when you spend $30,000 or more on eligible purchases
Annual Fee: $95 waived the first year.
If you're looking for free hotel nights, this one is a no-brainer:
Citi Hilton HHonors Reserve
Current Bonus: Two weekend night certificates, each good for one weekend night (standard room, double occupancy) at most hotels and resorts within the Hilton Worldwide portfolio, after $2,500 in eligible purchases within the first 4 months.
Category Spending Bonuses: 10 points for every $1 spent on hotel stays within the Hilton Worldwide portfolio; 5 points for every $1 spent on airline and car rental purchases; 3 points for every $1 spent on all other purchases.
Benefits: Automatic Hilton HHonors Gold status; Diamond status with $40,000 annual spend; no foreign transaction fees, SmartChip technology; Visa Signature benefits; cardholders who spend $10,000 annually get an anniversary free weekend-night certificate as well that can be used at any property
Annual Fee: $95
TPG featured card
at American Express's secure site
Terms & restrictions apply. See rates & fees.
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 5X | New! Earn 5X Membership Rewards® points on prepaid hotel stays booked through AmexTravel.com or the Amex Travel App. |
| 3X | Earn 3X Membership Rewards® points on flights booked through AmexTravel.com, the Amex Travel App, or purchased directly from airlines. |
| 2X | Earn 2X Membership Rewards® points on prepaid car rentals booked through AmexTravel.com or the Amex Travel App and cruises booked and paid through AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Pros
- Valuable dining and food-related credits
- Flexible rewards with airline and hotel transfer partners
- Multiple travel and purchase protections
- No foreign transaction fees
- Access to Amex Offers for additional savings (enrollment required)
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- New! Earn 5X Membership Rewards® points on prepaid hotel stays booked through AmexTravel.com or the Amex Travel App.
- Earn 3X Membership Rewards® points on flights booked through AmexTravel.com, the Amex Travel App, or purchased directly from airlines.
- Earn 2X Membership Rewards® points on prepaid car rentals booked through AmexTravel.com or the Amex Travel App and cruises booked and paid through AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- Pay It® lets you tap in the American Express® App to quickly pay for small purchase amounts throughout the month and still earn rewards the way you usually do. Plan It® gives you the option to split up big purchases into equal monthly payments with a fixed fee. You’ll know upfront exactly how much you’ll pay.
- Updated! $120 Dining Credit: Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub (including Seamless), Buffalo Wild Wings, Five Guys, The Cheesecake Factory, and Wonder. This can be an annual savings of up to $120. Enrollment required.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year at over 10,000 qualifying U.S. Resy restaurants after you pay for eligible purchases with the American Express® Gold Card. That’s up to $50 in statement credits semi-annually. Enrollment required.
- $84 Dunkin' Credit: Earn up to $7 in monthly statement credits after you pay with the American Express® Gold Card at U.S. Dunkin’ locations. Enrollment required.
- $120 Uber Cash on Gold: Enjoy up to $120 in Uber Cash annually with your Gold Card. Just add your Card to your Uber account and you'll get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an Amex Card for your transaction.
- New! As an American Express® Gold Card Member, you can enjoy complimentary Hertz Five Star® Status. Enjoy benefits like skipping the counter at select locations, adding an additional driver at no additional cost*, and vehicle upgrades**. Benefit enrollment and Hertz Gold+ registration are required. *Additional drivers must meet standard rental qualifications and must be a spouse or domestic partner to qualify as complimentary. Other additional drivers subject to fees. **Benefits are subject to availability and vary by location. Additional Hertz program Terms and Conditions including age restrictions apply.
- Take advantage of a $100 credit towards eligible charges* at over 1,300 upscale hotels worldwide when you book The Hotel Collection through AmexTravel.com or the Amex Travel App **. *Eligible charges vary by property. **The Hotel Collection requires a two-night minimum stay.
- Book your travel through the Amex Travel App with added peace of mind – backed by American Express® service and support. Only for American Express® Card Members.
- Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.