sign up bonus

If you’re thinking about getting a new rewards credit card, it only makes sense that you’d look for one with a generous sign-up bonus. After all, credit card companies use these bonuses to compete for customers, putting those with good credit in a situation to take their pick.

However, it can be hard to evaluate all the options and land on the best one for you. Below are some tips to help you choose, as well as some of the best credit cards with sign-up bonuses out there right now.

What You Should Know About Credit Card Sign-Up Bonuses

When evaluating credit card sign-up bonuses, you might find yourself comparing the number of points or the amount of cash back they give. However, the comparison isn’t always that straightforward.

Here’s what credit card expert Jason Steele has to say about the matter:

“Applicants should think about what is the value of the points or miles received. Some cards offer as much as 150,000 points, but those points might not be worth nearly as much as you might think. So you have to see what you can realistically redeem those points for, and what the value of that award is to you.”

In order to discover the value of the points being offered, you might have to look in places other than the credit card itself. Credit card companies don’t always translate the value of their points, making it more difficult to compare side by side. For this article, for example, we were able to find the value of the points by reading expert reviews of the credit cards. Often, the calculations amount to a few cents per point.

But evaluating the sign-up bonus isn’t the only thing Steele recommends. He also says that it’s important to look at the long-term value of each card. “If the card will offer superior rewards and benefits, then you have to consider that, even if the sign-up bonus isn’t quite as good as the one from an otherwise inferior card,” he says.

In other words, before entering a relationship with a new rewards credit card, it’s a good idea to examine all the rewards it offers, from the sign-up bonus to everyday spending rewards and more.

FREE Tool: Get a free credit score and find out if there are any errors on your credit report!

Some Credit Cards With the Best Sign-Up Bonuses¹

All that said, we took a deep dive to find out which rewards credit cards are currently offering the most generous sign-up bonuses. These aren’t the rewards credit cards offering the most sign-up bonus points, but rather the ones whose sign-up bonuses translate to the most value.

Here are a few more notes to be aware of before scrolling through the list:

  • The spending requirements to get the sign-up bonuses will almost always refer to purchases — balance transfers and cash advances likely won’t count.
  • Keep in mind as you review the APRs for each credit card that the interest rate you are ultimately given will be based on your creditworthiness. That’s why credit card issuers typically advertise cards with a range of potential APRs. Also, APRs can sometimes change when there’s a late payment — something called a “penalty APR,” which is in addition to any late fee that might be assessed. It’s important to note overall that rates are subject to change.
  • The rates below are current as of July 2, 2019.

The Platinum Card® from American Express

  • Sign-up bonus: 60,000 Membership Rewards® Points if you spend $5,000 in the first three months
  • Annual Fee: $550
  • Purchase APR: 27.49%
  • Late Payment Fee: Up to $38
  • Other Rewards: You can earn five times Membership Rewards® points for any flight you book with American Express Travel or directly with the airline, as well as when you book prepaid hotels through amextravel.com; you can also get a $200 airline fee credit each year, free credit for Global Entry or TSA✓®‡, Uber Cash each month, and more
  • What the rewards are worth: According to The Points Guy, the points are worth approximately two cents per point, making this signup bonus worth $1,200

Citi Premier℠ Card

  • Sign-up bonus: 60,000 bonus points if you spend $4,000 in the first three months
  • Annual Fee: $95
  • Purchase APR: 18.24% – 26.24%
  • Late Payment Fee: Up to $39, plus a 29.99% penalty APR
  • Other Rewards: You can earn three points for every $1 you spend on travel (including gas stations, parking, and more), two points for every $1 you spend on restaurants and entertainment, and one point for every $1 spent on all other purchases
  • What the rewards are worth: The Points Guy calculates the worth of this sign-up bonus to be just over $1,000

Delta Reserve® Credit Card from American Express

  • Sign-up bonus: 75,000 bonus miles and 5,000 Medallion® Qualification Miles if you spend $5,000 in the first three months
  • Annual Fee: $450
  • Purchase APR: 17.99% – 26.99%
  • Late Payment Fee: Up to $38, plus a penalty APR of 29.99%
  • Other Rewards: All direct Delta purchases can earn you two miles per $1 you spend while every $1 you spend on other purchases can earn you one mile, you can earn 15,000 Medallion® Qualification Miles if you spend $30,000 in the first year (or double if you spend double), and complimentary access to Delta Sky Club®
  • What the rewards are worth: The Points Guy puts the value of these points at roughly 1.2 cents per point and the sign-up bonus at a value of $900

World of Hyatt Credit Card

  • Sign-up bonus: 25,000 bonus points if you spend $3,000 in three months or 50,000 bonus points if you spend $6,000 in six months
  • Annual Fee: $95
  • Purchase APR: 18.24% – 25.24%
  • Late Payment Fee: Up to $39
  • Other Rewards: You can earn nine points for stays at the Hyatt (including four bonus points for every dollar spent at the Hyatt), two points for every dollar spent on local transit, restaurants and coffee shops, and airline tickets, two points for every dollar you spend on gym and health club memberships, and one point per dollar spent on all other purchases
  • What the rewards are worth: The Points Guy says the value of this sign-up bonus is $850 if you hit the spending requirements required to get 50,000 bonus points

Platinum Delta SkyMiles® Credit Card

  • Sign-up bonus: 75,000 bonus miles and 5,000 Medallion® Qualification Miles if you spend $3,000 in three months
  • Annual Fee: $195
  • Purchase APR: 17.99% – 26.99%
  • Late Payment Fee: Up to $38, plus a penalty APR of 29.99%
  • Other Rewards: You can earn one mile for every dollar you spend, plus two miles for every direct Delta purchase you make; you can also earn 10,000 bonus miles and 10,000 Medallion® Qualification Miles if you spend $25,000 in one year (or double the miles for double the spending)
  • What the rewards are worth: According to The Points Guy, 35,000 bonus miles would be worth $420, which means this sign-up bonus comes in at more than double that

Venture® from Capital One®

  • Sign-up bonus: 60,000 bonus miles if you spend $3,000 in three months
  • Annual Fee: No annual fee for the first year, then $95
  • Purchase APR: 17.99%, 22.74%, or 25.24%
  • Late Payment Fee: Up to $39
  • Other Rewards: You can earn two times the miles for every dollar you spend, as well as 10 times the miles for spending at eligible hotels until January 2020
  • What the rewards are worth: The Points Guy said that the value of these points is 1.4 cents each, which would make the 60,000 bonus points equal to $840

Chase Sapphire Preferred® Credit Card

  • Sign-up bonus: 60,000 bonus points if you spend $4,000 in three months
  • Annual Fee: $95
  • Purchase APR: 17.24% – 26.24%
  • Late Payment Fee: Up to $39
  • Other Rewards: You can earn one point for every dollar you spend, two times points for every dollar you spend on travel and dining, and 25 percent more in travel redemption if you redeem through Chase Ultimate Rewards®
  • What the rewards are worth: Chase says the value of the 60,000 bonus points on this card is equal to $750 if you redeem for travel rewards through Chase Ultimate Rewards®

Chase Sapphire Reserve® Credit Card

  • Sign-up bonus: 50,000 bonus points if you spend $4,000 in three months
  • Annual Fee: $450
  • Purchase APR: 19.24% – 26.24%
  • Late Payment Fee: Up to $39
  • Other Rewards: You can earn one point for every dollar you spend, three times points for every dollar you spend on travel and dining, and a $300 annual travel credit as reimbursement for travel purchases each year
  • What the rewards are worth: Chase says the value of the 50,000 bonus points on this card is equal to $750 if you redeem for travel rewards through Chase Ultimate Rewards®

Hilton Honors Ascend Card from American Express

  • Sign-up bonus: 125,000 Hilton Honors bonus points if you spend $2,000 in three months
  • Annual Fee: $95
  • Purchase APR: 17.99% – 26.99%
  • Late Payment Fee: Up to $38, plus a penalty APR of 29.99%
  • Other Rewards: You can earn 12 times the points for every dollar you spend at hotels in the Hilton Portfolio, six times the points for every dollar you spend at restaurants, supermarkets, and gas stations in the U.S., and three times the points on all other purchases you make — plus, if you spend $15,000 a year, you can earn a weekend night reward from Hilton Honors
  • What the rewards are worth: The Points Guy puts the value of this sign-up bonus at $750

Marriott Bonvoy Boundless™ Credit Card

  • Sign-up bonus: 75,000 bonus points if you spend $3,000 in three months
  • Annual Fee: $95
  • Purchase APR: 18.24% – 25.24%
  • Late Payment Fee: Up to $39
  • Other Rewards: You can earn six times points for every dollar spent at eligible Marriott hotels and two times the points on all other purchases, plus additional credits, such as a free night hotel stay every year
  • What the rewards are worth: The Points Guy reported the value of Marriott points to be 0.8 cents per point, meaning this sign-up bonus would be worth $600

¹This list of cards is provided for informational purposes only. Upturn Credit does not endorse any particular card or have any relationship with the card issuers. You should review all product information carefully before applying for any card.

Related Posts