These Credit Cards Now Offer 50,000 Bonus Points
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This would be unheard of years ago, but right now, banks and credit card companies are looking to get new customers. That means they're enticing them with jaw-dropping rewards, which could mean awesome perks for you.
The credit cards below all offer big sign-up bonuses, but there is more to a credit card than the short-term promo. You want the credit card that matches your lifestyle.
Chase Sapphire Preferred: The Rewards Are Hard to Resist
If you spend over $1,334 per month on your credit card and like to travel:
Our favorite option is Chase Sapphire Preferred. It has a huge bonus points offer and premium travel benefits.
Chase Sapphire Preferred lets you earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®. You can earn 5,000 bonus points if you add your first authorized user and make a purchase within the first three months from account opening. This card lets you earn 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide. The points can be transferred 1:1 to leading frequent travel programs including airline transfer partners. The card has a $0 foreign transaction fee. The card also comes with premium travel and purchase protection benefits (including trip cancellation/trip interruption insurance and auto rental collision damage waiver). There is an Introductory Annual Fee of $0 the first year, then $95.
Imagine what you could do with $625 extra dollars in your pocket.
You could hop on a flight to Las Vegas or book a weekend hotel stay in New York.
The ability to transfer reward points at a 1:1 ratio to leading airline and hotel loyalty programs is what really excites us about Chase Sapphire Preferred.
- Airline transfer partners include Southwest Airlines, United Airlines, British Airways (oneworld), Air France (SkyTeam), Korean Air (SkyTeam), Singapore Airlines (Star Alliance), and Virgin Atlantic.
- Hotel transfer partners include Marriott, Hyatt, IHG and the Ritz-Carlton.
Read our review to learn why Chase Sapphire Preferred is worth the $95 annual fee.
Click here to visit Chase's secure website for the official application, including information on the jaw-dropping 50,000 bonus point promotion.
Barclaycard Arrival Plus: Why It's Worth Considering
If you spend over $1,000 per month and like to travel:
Barclaycard Arrival Plus offers 50,000 bonus miles if you spend $3,000 on purchases within the first 90 days of opening your new credit card account. 50,000 bonus miles is enough to redeem for a $500 travel statement credit. This card earns 2x miles on all purchases. And when you redeem, you get 5% miles back to use toward your next redemption, every time you redeem. There is no foreign transaction fee. There is a $89 annual fee (waived for the first year).
Plus, enjoy a 0% introductory APR for 12 months on balance transfers made within 45 days of account opening. After that, a variable APR will apply, 16.49%, 20.49% or 23.49%, based on your creditworthiness.
While the Barclaycard Arrival Plus does not let you transfer points to airlines or hotels, you can redeem them for a statement credit. Redemptions start at 10,000 miles for $100 toward qualifying travel purchases made in the past 120 days.
And with 2x the miles on all purchases, you'll be earning points fast.
Hilton Honors: For People with Excellent Credit
If you spend over $667 per month and do not plan to travel international, consider the Hilton Honors Card from American Express, a CreditDonkey partner.
American Express Hilton offers 80,000 Hilton Honors™ bonus points if you spend $2,000 on purchases within the first three months of opening your new card account. This limited time offer ends 05/31/2017. This card earns 7x points for eligible purchases charged on your card directly from a participating Hilton hotel or resort. You will earn 5x points for eligible purchases at U.S. restaurants, U.S. supermarkets, and U.S. gas stations. Plus, you will enjoy complimentary Hilton Honors Silver status. If you spend $20,000 on eligible purchases in a calendar year, you can earn Gold status (through the end of the next calendar year). There is no annual fee. Terms and conditions apply.
With no annual fee and a welcome bonus, the Hilton Honors is tempting. But there are two big drawbacks international travelers should know about:
- The Honors card has a foreign transaction fee (2.7% for international purchases), unlike the Chase Sapphire Preferred and Barclaycard Arrival Plus. Because of this fee, we recommend you use the Hilton card only within the US.
- American Express is not as widely accepted as Visa or MasterCard.
In our opinion, the Hilton Honors is a great secondary card, especially because it has no annual fee. But if you want to carry only one credit card when you travel, we generally recommend a Visa or MasterCard, such as the Chase Sapphire Preferred or Barclaycard Arrival Plus.
To learn more, visit American Express' secure website.
Credit card companies are now offering big incentives for new customers. That means you can take advantage of your great credit.
However, it might not be the right move for you if you fit the following criteria:
- If you have credit card debt, consider a balance transfer credit card instead. Get out of debt first before you think about traveling more. While travel credit cards can help you score free flights and free hotel stays, vacations still cost money (e.g., eating out, buying souvenirs, visiting tourist attractions).
- If you don't have great credit, consider credit cards for people with fair credit or no credit instead. While they don't usually come with bonus promotions, they do help get you on the path to responsible credit management.
- If you don't spend more than $250 per month, consider a cash back credit card instead.
Terms and limitations apply.
Charles Tran is the founder of CreditDonkey, a credit card comparison and financial education website. Write to Charles Tran at firstname.lastname@example.org. Our data-driven analysis has been recognized by major news outlets across the country and has helped consumers make savvy financial and lifestyle decisions.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.