Best Credit Card Deals and Bonuses This Week: June 27, 2022

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Summer is in full swing and it’s an excellent time to boost your points, miles, and cash back balances by opening a new credit card. We’ve seen a deluge of elevated bonuses from Chase, American Express, and Citi, and there are dozens of other lucrative offers currently available. These include increased bonuses and even brand-new cards from major card issuers.

Many of these credit cards are offering record-high welcome bonuses of 100,000 points or more — but some are only available for a limited time.

Credit card news this week

American Express and Marriott announced changes to the Marriott Bonvoy Brilliant™ American Express® Card’s annual credit of up to $300 toward eligible purchases at Marriott Bonvoy properties. Starting September 22, 2022, this benefit will be replaced with a new statement credit of up to $25 each month toward restaurant purchases worldwide.

Here are some of the best credit card offers to consider this week.

Flexible rewards credit card bonuses


Regular APR


17.49% – 25.49% Variable


Recommended Credit Score


Good to Excellent


Regular APR


17.49% – 25.49% Variable


Recommended Credit Score


Good to Excellent

More Information

  • For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases
  • Annual Hotel Savings Benefit
  • 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • No Foreign Transaction Fees on purchases

Transferable credit card points are best if you value flexibility because there are so many ways to redeem them. With programs like American Express Membership Rewards, Chase Ultimate Rewards®, Citi ThankYou Rewards, and Capital One Rewards, you’ve got options that include:

  • Transferring points to airline and hotel partners
  • Redeeming points directly for travel at a fixed rate
  • Turning points into cash back or statement credits
  • Cashing in points for gift cards, merchandise, and more

The Chase Sapphire Preferred® Card has long been one of the most popular travel rewards cards. New cardholders can earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening — an excellent value for a modest $95 annual fee. 

The Chase Sapphire Preferred® Card comes with outstanding travel and purchase protections, along with useful perks that include up to $50 in annual credits toward hotels booked through Chase and a 10% points bonus on your account anniversary. Here’s our full Chase Sapphire Preferred review for all the details.

However, if you’re looking for a premium card, the Chase Sapphire Reserve® is worth considering with its lucrative new offer to earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. You can find out more in our Chase Sapphire Reserve review.

If you missed out on the 100,000-mile Capital One Venture X Rewards Credit Card bonus that ended recently, there’s still good reason to consider the card. The new offer to earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening is worth $750 in travel when you redeem miles at a rate of 1 cent each to erase eligible travel bookings. But you could potentially get even more value when you transfer Capital One miles to airline and hotel partners for award travel.

The Capital One Venture X Rewards Credit Card is a premium card with a $395 annual fee and loads of benefits. But if you’re a more casual traveler, the $95-annual-fee Capital One Venture Rewards Credit Card is offering a similar bonus of 75,000 miles after spending $4,000 on purchases within 3 months from account opening. Here’s our comparison of the Venture cards to help you decide which is a better fit for you.

Our favorite under-the-radar card is the Citi Premier® Card. It offers excellent earnings in categories that fit well whether you’re sticking close to home or on the road — 3x points on air travel, gas stations, restaurants, supermarkets, and hotels, and 1 point per dollar on everything else. Right now it’s offering a record-high bonus of 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening (worth $1,280 based on Insider’s valuations).

Another excellent deal is one of the best cards with premium travel and shopping benefits, The Platinum Card® from American Express
. You can currently earn 100,000 Membership Rewards points after you spend $6,000 in your first 6 months of card membership — here’s our Amex Platinum card review to learn more.

Small-business credit card bonuses


Regular APR


16.74%–21.74% variable APR


Recommended Credit Score


Good to Excellent


Regular APR


16.74%–21.74% variable APR


Recommended Credit Score


Good to Excellent

More Information

  • Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information
  • Redeem points for cash back, gift cards, travel and more – your points don’t expire as long as your account is open
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
  • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.

If you’re a small-business owner, opening a small-business credit card can offer a lot of benefits. Keeping your business and personal expenses separate makes it easier to keep track of expenses, and many cards offer bonus points, miles, or cash back in popular business spending categories.

You don’t have to own a full-time business or make millions to be eligible to apply — even if you’re a freelancer or have a side gig, you could qualify for a small-business card. The Business Platinum Card® from American Express
and Ink Business Preferred® Credit Card are both offering six-figure bonuses after meeting minimum spending requirements, and, depending on how you redeem them, you could get a value of $2,160 for the The Business Platinum Card® from American Express and $1,800 for the Ink Business Preferred® Credit Card.

Amex Membership Rewards points and Chase Ultimate Rewards points are worth, on average, 1.8 cents each based on Insider’s points and miles valuations.  

Cash-back credit card bonuses


Regular APR


15.49% – 25.49% Variable


Recommended Credit Score


Good to Excellent


Regular APR


15.49% – 25.49% Variable


Recommended Credit Score


Good to Excellent

Pros

  • Generous bonus rewards, especially at U.S. supermarkets
  • One of a small handful of credit cards that offer bonus rewards on select streaming services
  • Intro APR offer

Cons

  • Unlike many other cash-back cards, it charges an annual fee
  • If you spend more than $6,000 at US supermarkets each year, you’ll want to use another card once you reach that cap

Read Our Review
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More Information

  • Earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a fixed monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% intro APR for 12 months on purchases from the date of account opening, then a variable rate, 15.49% to 25.49%
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • $95 Annual Fee.
  • Terms Apply.
  • See Rates & Fees

Our top pick for the best cash-back credit card overall, the Wells Fargo Active Cash® Card (Rates & Fees), is a good pick if you prefer a strong 2% cash rewards rate on your purchases. Other excellent options, like the Chase Freedom Flex℠, Chase Freedom Unlimited®, and the Citi Custom Cash℠ Card, aren’t exclusively cash-back cards (though they’re marketed that way) — and they, too, are worth considering.

But right now, the Blue Cash Preferred® Card from American Express has an elevated welcome bonus offer that can help you offset some of your upcoming expenses. New cardholders can earn a $350 statement credit after you spend $3,000 in purchases on your new card within the first 6 months from account opening. 

You’ll also earn 6% cash back on your first $6,000 in U.S. supermarket spending each year (then 1% back), 6% cash back on select U.S.


streaming

services, 3% back on U.S. gas stations and transit, and 1% back on all other eligible purchases (cash back is earned in the form of Rewards Dollars). 

Read Insider’s points and miles valuations to find out how much your credit card rewards are worth.

Airline credit card bonuses


Regular APR


16.74% – 23.74% Variable


Recommended Credit Score


Good to Excellent


Regular APR


16.74% – 23.74% Variable


Recommended Credit Score


Good to Excellent

Pros

  • Generous annual benefits, including a Southwest travel credit and 7,500 points, plus upgraded boardings and in-flight discounts
  • If you fly Southwest several times a year, the benefits easily outweigh the annual fee
  • Annual fee is low compared to other premium airline credit cards

Cons

  • Highest annual fee among Southwest consumer cards

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More Information

  • Limited-time offer: Earn 75,000 bonus points after spending $5,000 on purchases in the first 3 months.
  • 7,500 anniversary points each year.
  • Earn 3X points on Southwest® purchases.
  • Earn 2X points on local transit and commuting, including rideshare.
  • Earn 2X points on internet, cable, phone services, and select streaming.
  • $75 Southwest® travel credit each year.
  • 4 Upgraded Boardings per year when available.
  • No foreign transaction fees.

If you fly United often, the new offer on the United Quest℠ Card is worth considering: 80,000 bonus miles after you spend $5,000 on purchases in the first 3 months your account is open. The United℠ Explorer Card and its elevated welcome bonus offer are also great deal for casual and frequent United travelers. This card comes with a free checked bag on United flights (when you use the card to pay for your ticket), priority boarding, two one-time United Club passes each year, and excellent travel and purchase protections. 

Be sure to check out the new intro offer on the three personal Southwest cards. For a limited time, you can earn 75,000 bonus points after spending $5,000 on purchases in the first 3 months from account opening. If you’re trying to earn the Southwest Companion Pass in 2022, these welcome bonus offers can get you halfway to the 125,000 points you’ll need to qualify.

The new Aeroplan® Credit Card isn’t just for Air Canada flyers — along with a hefty welcome bonus offer, it comes with great bonus categories, spending bonuses, and will soon offer the unique ability to redeem up to 50,000 Aeroplan points per year at a rate of 1.25 cents apiece toward any travel purchase through Chase Pay Yourself Back.

Hotel credit card bonuses


Regular APR


17.24% – 26.24% Variable


Recommended Credit Score


Good to Excellent


Regular APR


17.24% – 26.24% Variable


Recommended Credit Score


Good to Excellent

More Information

  • Earn 100,000 Hilton Honors Bonus Points after you spend $1,000 in purchases on the Card in the first 3 months of Card Membership. Plus, you can earn up to $100 in Statement Credits on eligible purchases made on the Card at any of the Hilton family hotels in the first 12 months of Membership.
  • Earn 7X Hilton Honors Bonus Points for each dollar of eligible purchases charged directly with hotels and resorts within the Hilton portfolio.
  • Earn 5X Hilton Honors Bonus Points for each dollar of eligible purchases at U.S. restaurants, at U.S. supermarkets, and at U.S. gas stations.
  • Earn 3X Hilton Honors Bonus Points for all other eligible purchases on your Card.
  • No Foreign Transaction Fees. Enjoy international travel without additional fees on purchases made abroad.
  • Enjoy complimentary Hilton Honors Silver status with your Card. Plus, spend $20,000 on eligible purchases on your Card in a calendar year and you can earn an upgrade to Hilton Honors Gold status through the end of the next calendar year.
  • No Annual Fee.
  • Terms Apply.
  • See Rates & Fees

Now is a good time to consider a Hilton credit card, especially if you have paid Hilton stays coming up. For a limited time, three Hilton cards come with elevated bonuses that include statement credits toward purchases at Hilton hotels:

  • Hilton Honors American Express Card — 100,000 bonus points after spending $1,000 in purchases on the card in the first 3 months of card membership, and up to $100 in statement credits on eligible Hilton family hotel purchases in the first 12 months
  • Hilton Honors American Express Surpass® Card
    — 130,000 points after spending $2,000 in eligible purchases on the card in the first 3 months of card membership, and up to $130 in statement credits on eligible Hilton family hotel purchases in the first 12 months
  • The Hilton Honors American Express Business Card — 130,000 bonus points after spending $3,000 in purchases on the card in the first 3 months of card membership, and up to $130 in statement credits on eligible Hilton family hotel purchases in the first 12 months (offer expires 7/6/22)

IHG fans now have three co-branded credit cards to choose from, and they’re all offering excellent bonuses:

  • IHG® Rewards Premier Credit Card — 140,000 bonus points after spending $3,000 on purchases in the first 3 months from account opening
  • IHG® Rewards Traveler Credit Card — 120,000 bonus points after spending $2,000 on purchases within the first three months of account opening (all-time-high offer)
  • IHG® Rewards Premier Business Credit Card — 140,000 bonus points after spending $3,000 on purchases in the first 3 months from account opening (new card)

The Marriott Bonvoy Boundless® Credit Card currently offers a welcome bonus offer of 5 free nights (each worth up to 50,000 points) after spending $5,000 on purchases in your first 3 months from account opening. Insider estimates that Marriott points are worth 0.7 cents each, making this bonus potentially worth $1,750. Plus, now that Marriott allows members to top-up reward certificates with up to 15,000 points, these certificates are much more versatile — and therefore valuable.

If you prefer a no-annual-fee card, the new Marriott Bonvoy Bold® Credit Card offer is worth a look. New cardholders can earn 60,000 bonus points after you spend $2,000 on purchases in your first 3 months from your account opening — worth $420 based on Insider’s valuations.

Keep in mind that most hotel chains, including Marriott and Hilton, have temporarily paused points expiration due to the pandemic, so there’s no harm in earning points now for a vacation down the road. Additionally, Hilton permanently extended its points expiration window to 24 months (from 15 months).

Jasmin Baron, CEPF

Editor

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