The 3 best elevated credit card offers to sign up for in August
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Editor’s note: This is a recurring post, regularly updated with new information.
At TPG, our top priority is providing our readers with the information you need to make educated decisions about travel and your rewards-earnings strategy. This is not the best time to travel, domestically or internationally, but we are sharing these card bonuses because they are great offers that could provide value to cardholders for future travel once coronavirus concerns have subsided.
Credit card welcome bonuses are the quickest and easiest way to rake in lots of points and miles, so we regularly update our roundup of our favorite current welcome offers in our best credit cards guide. That guide includes both limited-time credit card offers and ones that are more permanent. But what if you put a priority on not missing the limited-time offers?
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To help you in that situation, we’ve rounded up the best limited-time offers currently available — the ones that are worth an extra look right now before they disappear. This month, we’re seeing some especially enticing offers for some of the best travel credit cards, including cobranded hotel credit cards.
Since many issuers have restrictions for how often you can earn a bonus on a card, it’s important to apply when there’s a good offer. Also, boosted welcome bonuses typically don’t stick around for long, so if you’re considering one of these offers, you’ll want to hop on it sooner rather than later.
The best limited-time credit card offers in August
- Marriott Bonvoy Boundless Credit Card: Best overall for Marriott stays
- Marriott Bonvoy Bold™ Credit Card: Best for no annual fee
- Chase Freedom Unlimited®: Best for everyday spending
Current offer: 100,000 points after spending $3,000 in the first three months of account opening.
Bonus offer value*: $800
Annual fee: $95
Benefits: While Marriott offers a number of credit cards issued by both Chase and Amex, the Bonvoy Boundless is the only mid-level personal card you’ll find. It’s also offering the highest sign-up bonus of the lot at the moment. In addition to a whopping 100,000 points, you’ll earn automatic Marriott Silver elite status and an anniversary free night certificate worth up to 35,000 points. TPG values Marriott points at .8 cents each, meaning 35,000 points are worth $280. However, you only need to redeem your free night for one third of that value to completely break even on your annual fee! Like most other Marriott cards, the Bonvoy Boundless earns 6x points per dollar on Marriott purchases and 2x everywhere else.
Read our review of the Marriott Bonvoy Boundless Credit Card.
APPLY HERE: Marriott Bonvoy Boundless Credit Card
Current offer: 50,000 points after spending $1,000 in the first three months of account opening.
Bonus offer value*: $400
Annual fee: $0
Benefits: The Bonvoy Bold is a tougher sell because it takes up a valuable 5/24 slot with Chase without offering many of the lucrative perks people expect from a hotel credit card, such as a free night certificate. However, if you’re looking to add a Marriott card to your wallet and are committed to not paying an annual fee, the elevated bonus on the Bonvoy Bold might be worth considering.
The card comes with automatic Marriott Silver elite status, though it’s earning rates are significantly lower than what you’ll find on other Bonvoy cards. The Bonvoy Bold earns 3x points per dollar on Marriott purchases, 2x on other travel purchases and 1x everywhere else.
Read our review of the Marriott Bonvoy Bold Credit Card.
APPLY HERE: Marriott Bonvoy Bold™ Credit Card
Current offer: Earn $200 cash back (20,000 points) after spending $500 in the first 3 months. Additionally, earn 5%/5x back on your first $12,000 of grocery expenses during your first 12 months of card membership.
Annual fee: $0
Benefits: The Chase Freedom Unlimited has long been one of the most popular cards for beginners and pros alike looking to build up a large stash of Chase Ultimate Rewards points. The no annual fee card offers a fixed 1.5%/1.5x back on all purchases, with no caps or annual limits to worry about. In addition to the new grocery store element of the welcome bonus, the card also offers 5%/5x back on Lyft purchases.
While the Freedom Unlimited is technically billed as a cash-back card, you’ll get much more value out of it if you also have a paid Ultimate Rewards earning card such the Chase Sapphire Preferred Card, Chase Sapphire Reserve or the Ink Business Preferred Credit Card. If you do, you can move your “points” from the Freedom Unlimited to one of those cards and from there transfer them to Chase’s airline and hotel partners, or even redeem them for travel directly through the Chase portal. TPG values Ultimate Rewards points at 2 cents each, so you’ll double your return if you redeem this way instead of opting for cash back.
Read our review of the Chase Freedom Unlimited.
APPLY HERE: Chase Freedom Unlimited®
While these aren’t technically limited-time offers, you can often find elevated bonuses through the CardMatch tool. For example, The Platinum Card® from American Express is currently offering a public welcome bonus of 60,000 bonus points after you spend $5,000 on purchases within the first three months but some new customers can earn a 100,000-point welcome offer after meeting the same minimum spend requirements via the CardMatch tool. While the American Express Gold® Card offers a public welcome bonus of 35,000 bonus points after you spend $4,000 on purchases within the first three months, some new customers can earn a 50,000-point welcome offer after meeting the same minimum spend requirements via the tool. Note: The elevated offers are targeted and subject to change at any time.
*Bonus offer values are based on TPG’s valuations.
Additional reporting by Benji Stawski.
Featured photo by Nicky Kelvin/The Points Guy.
This is The Points Guy’s permanent page with limited-time welcome offers to consider each month, so you can bookmark it and check back regularly for updates. Keep in mind you may see some reader comments referring to older offers below.
Welcome to The Points Guy!
WELCOME OFFER: 60,000 Points
TPG'S BONUS VALUATION*: $1,200
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.