You work hard to earn the money that you do, and make purchases every day out of necessity or for your own enjoyment. While credit cards may get a bad rep when used irresponsibly, they are also tools that can help you stretch your dollars when you get rewarded for the purchases you make.
But aside from the typical benefits various credit card companies offer for day-to-day purchases (such as travel miles, cash bonuses, and even gas or grocery vouchers), many cards incentivize new customers by offering amazing sign up bonuses. But first …
A quick note about getting the most out of your credit card…
Before any credit card offer draws you in, remember that these companies exist to make money, and for every new user who signs up looking for that sweet bonus, there will always be someone who gets in too deep. So before you sign up for any new card, ask yourself these questions.
- Are you currently in debt?
- Does you current credit score allow for you to sign up for new cards?
- And will you be capable of spending the minimum required balance comfortably?
If the answer to any of those questions is no, then these cards should be avoided until you’re in a better financial position.
But anyway, back to the matter at hand: Here’s a roundup of some of the best sign up bonuses currently available.
Chase Sapphire Preferred
This card is currently offering new users 50,000 points after you spend $4,000 on purchases within the first 3 months of opening the card. When those points are redeemed through Chase Ultimate Rewards, that works out to be $625 towards travel.
Venture from Capital One
The Venture card is currently rewarding new card members with 50,000 points when you spend $3,000 on purchases in the first 3 months. The cash value of these points works out to be slightly less than the Chase Sapphire Preferred (worth $500 in value as compared to $625) but also requires a lower level of spending to get the bonus.
Wells Fargo Propel American Express Card
While the prior two cards require an annual fee for use, this card is one of the few that offers a substantial bonus without having to commit to a yearly fee. Users who sign up for this card can earn 30,000 bonus points after spending $3,000 in the first 3 months. That works out to a $300 cash redemption value.
Discover it Cash Back
If you’re not crazy about redeeming travel points and you don’t need instant gratification, the Discover it Cash Back card is another great choice for those who don’t want to pay an annual fee. The card allows you to earn up to 5% cash back on rotating types of locations like grocery stores, wholesale clubs, or restaurants. At the end of your first year, Discover will double any cash back you made over in that time period.
Remember, spend responsibly, and enjoy the bonuses that these credit card deals have to offer.