Best Credit Card Deals and Bonuses This Week: May 23, 2022

0
89

Whether you’re planning a summer road trip or looking to earn rewards to offset your everyday expenses, it’s an excellent time to boost your points, miles, and cash back balances by opening a new credit card. There are dozens of lucrative offers currently available — including increased bonuses and even brand-new cards from major card issuers. Many are record-high welcome bonuses of 100,000 points or more — but some are only available for a limited time.

The return of a huge offer on the much-loved Chase Sapphire Preferred® Card is a great opportunity for folks who are looking to book travel later this year, but there’s very little time left to apply. Until May 31, 2022, you can earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s worth $800 in cash back, $1,000 in travel booked through Chase, or $1,440 or more when you transfer points to Chase’s airline and hotel partners for award travel.

Capital One unveiled some big changes to the Capital One Travel portal last week, and it’s good news if you have cash-back cards like the Capital One Savor Cash Rewards Credit Card
or Capital One Quicksilver Cash Rewards Credit Card. The Capital One Travel portal is now open to just about any cash-back (or miles-earning) Capital One credit card, and cardholders can also earn bonus rewards when they book hotels and car rentals through the platform.

In addition, the issuer launched new bonuses on two of its student credit cards. The Capital One SavorOne Student Cash Rewards Credit Card and Capital One Quicksilver Student Cash Rewards Credit Card are offering a Capital One SavorOne Student Cash Rewards Credit Card. These cards don’t normally offer a bonus, and the minimum spending requirement is very attainable.

The popular Capital One Venture Rewards Credit Card is back with a big offer as well: New cardholders can earn 75,000 miles after spending $4,000 on purchases within 3 months from account opening. That’s worth $750 in travel when you redeem Capital One miles at a fixed rate to erase travel purchases, or potentially $1,275 (based on Insider’s valuations) when you transfer miles to airline and hotel partners to book award travel.

If you like staying at Hilton hotels, there are new elevated Amex Hilton card offers to consider that include up to 130,000 points plus statement credits toward Hilton purchases. Even the no-annual-fee (See Rates) Hilton Honors American Express Card is offering an increased bonus: 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.

Don’t forget about the excellent offer on The Platinum Card® from American Express
to earn 100,000 Membership Rewards points after you spend $6,000 in your first 6 months of card membership. Amex has added numerous new benefits that can more than offset the annual fee — including statement credits for Walmart+ membership** and SoulCycle at-home bike purchases. Most recently, the Amex Platinum added Disney+, Hulu, and ESPN+ to its roster of


streaming

services eligible for its digital subscription credit**.

The Business Platinum Card® from American Express
got a makeover, too, adding an elevated welcome bonus of 120,000 Membership Rewards® points after spending $15,000 on eligible purchases with your card within the first 3 months of card membership and new or improved statement credits for wireless, Indeed, Adobe, and Dell purchases.

As new offers continue to roll out, you’ve got an excellent opportunity to take advantage of an increased credit card bonus now, so you’re set up with points you can use for travel whenever you’re ready to hit the road again.

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

Flexible rewards credit card bonuses


Regular APR


16.24% – 23.24% Variable


Recommended Credit Score


Good to Excellent


Regular APR


16.24% – 23.24% Variable


Recommended Credit Score


Good to Excellent

More Information

  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,000 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
  • With Pay Yourself Back(SM), your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.

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, and right now it’s got a bonus that’s 20,000 points higher than the usual offer. New cardholders can earn 80,000 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.

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. 

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


14.99% – 22.99% Variable


Recommended Credit Score


Good to Excellent


Regular APR


14.99% – 22.99% Variable


Recommended Credit Score


Good to Excellent

Pros

  • More travel benefits than you’ll find on any other business credit card
  • Generous airport lounge access options, from American Express Centurion Lounges to Priority Pass (enrollment required)
  • Complimentary hotel elite status (enrollment required)
  • Access to Amex concierge services

Cons

  • Very high annual fee
  • Limited opportunities to earn bonus points
  • Annual statement credits won’t be useful for everyone

Read Our Review
Read Our ReviewA looong arrow, pointing right

More Information

  • Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
  • Plus, 0% Intro APR for 12 months from the date of the account opening on purchases eligible for Pay Over Time. After that, your APR will be 14.99% to 22.99% based on your credit worthiness and other factors as determined at the time of account opening.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases.
  • Earn 1.5X points on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
  • Unlock over $1,000 in value per year for statement credits on select purchases with your Card, including up to $400 with Dell Technologies, up to $360 with Indeed, up to $150 with Adobe and up to $120 on wireless telephone purchases. Enrollment required.
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year toward baggage fees and more at one qualifying airline.
  • $189 CLEAR® Credit: Use your Card and get up to $189 back per year on your CLEAR® membership.
  • The American Express Global Lounge Collection® can provide an escape at the airport. With more than 1,400 airport lounges across 140 countries and counting, you have more lounge location options than any other credit card on the market as of 9/2021.
  • $695 Annual Fee.
  • Terms Apply.
  • See Rates & Fees

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


Annual Fee


$0 intro for the first year, then $95


Regular APR


14.74% – 24.74% Variable


Recommended Credit Score


Good to Excellent


Annual Fee


$0 intro for the first year, then $95


Regular APR


14.74% – 24.74% 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
Read Our ReviewA looong arrow, pointing right

More Information

  • Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • 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 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% for 12 months on purchases from the date of account opening, then a variable rate, 14.74% to 24.74%
  • 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.
  • Terms Apply.

Our top pick for the best cash-back credit card overall, the Citi® Double Cash Card, doesn’t currently offer a welcome bonus. And 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).

Right now, the Blue Cash Preferred® Card from American Express has an elevated welcome bonus that can help you offset some of your upcoming expenses. New cardholders can earn a $300 statement credit after spending $3,000 in purchases on your new card within the first 6 months. 

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% to 23.74% Variable


Recommended Credit Score


Good to Excellent


Regular APR


16.74% to 23.74% Variable


Recommended Credit Score


Good to Excellent

Pros

  • Generous welcome bonus worth up to 101,000 points which you can use for Air Canada and Star Alliance partner award flights
  • Free first checked bag on Air Canada flights for cardholder and up to eight companions
  • Automatic Aeroplan 25K Elite Status for the remainder of the first calendar year, plus the following calendar year (priority check-in, early boarding, upgrades on Air Canada flights)
  • Redeem points toward any travel purchase at 1.25 cents each through Pay Yourself Back

Cons

  • After the first two calendar years, you’ll need to requalify for 25K elite status by spending $15,000 in a calendar year
  • Card doesn’t offer airport lounge access or passes

Read Our Review
Read Our ReviewA looong arrow, pointing right

More Information

  • Earn a Welcome Flight Reward worth up to 50,000 points after you spend $3,000 + up to 51,000 points through 10x total points on travel and dining
  • $95 Annual Fee
  • Earn 3x points for each dollar spent on grocery stores, dining at restaurants, and Air Canada directly.
  • No foreign transaction fees.
  • Free first checked bag.
  • 500 bonus points for every $2,000 you spend in a calendar month.
  • Earn 1x points for each dollar spent on all other purchases.

The United℠ Explorer Card and its elevated welcome bonus are a 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. 

The new Aeroplan® Credit Card isn’t just for Air Canada flyers — along with a hefty welcome bonus, 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


16.49% – 25.49% Variable


Recommended Credit Score


Good to Excellent


Regular APR


16.49% – 25.49% 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 of 3 free nights (each worth up to 50,000 points) after spending $3,000 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 $1,050. 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.

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

>>> ad: Check Out TODAY'S BEST Amazon Deals! <<<<
Originally Appeared Here