There are many reasons the end of the year is a great time to open a new premium rewards credit card. And it's not just because these cards offer perks that can help you make the best of usually hectic holiday travel. Some also provide statement credits that reset at the end of the calendar year, while others offer limited-time bonuses or promotions for holiday purchases or travel.
Additionally, increased spending around the holidays — for gifts, vacations or even holiday dinners and decorations — can help you meet the spending requirements for a big welcome bonus.
Here are a few reasons you might want to open a new premium card before the end of the year — and how to maximize the card’s benefits if you do.
Related: The best premium credit cards: A side-by-side comparison
Double-dip on end-of-year spending credits
Many premium credit cards have perks that reset each calendar year. If you open a new credit card in November or December, you might be able to double-dip on savings within a short period by taking advantage of your card’s benefits at the end of 2025 and then again at the beginning of 2026. Examples include:
- Up to $300 in annual statement credits toward Lululemon purchases with American Express Platinum Card®. (This perk requires advance enrollment and provides up to $75 in credits per calendar quarter. It is eligible for U.S. in-store and online purchases; outlet purchases are excluded).
