Best Credit Card Welcome Bonus Offers of November 2024

What are credit card sign-up bonuses?

Credit card sign-up bonuses, also called welcome bonuses or intro offers, are part of marketing campaigns that credit card companies use to attract new cardholders. These campaigns can have a big benefit for card members who know how to maximize bonuses.

The structure of the bonus depends on the type of card. Cash-back cards provide bonuses in the form of cash or statement credits, while travel rewards cards typically provide bonuses in the form of points or miles that work with a specific program.

If you sign up for a new credit card and are eligible for a welcome bonus, you can earn hundreds of dollars in value, which is why these offers are so attractive. For example, you may earn enough of a bonus to cover a flight or a few nights in a hotel.

How does a credit card bonus work?

In most cases, you don’t automatically earn a welcome bonus simply by being approved for a credit card and opening an account. However, a few cards, like the Prime Visa, have automatic bonuses with no spending requirement.

Typically, welcome bonuses require you to spend a certain amount within an initial timeline after opening the new credit card account. How much you have to spend, and how quickly, often correlates to the value of the bonus or the type of card.

For instance, business and luxury travel cards often require higher spending, but there isn’t a hard and fast rule.

To understand how welcome offers work, consider these examples.

• If you have a cash-back card with an offer stating “Earn $200 after spending $500 in the first three months after account opening,” you must spend $500 on this card within 90 days after approval. After meeting that requirement, you’ll earn a $200 bonus, often via statement credit.
• If you have a travel rewards card with an offer stating “Earn 75,000 points after spending $4,000 in the first three months after account opening,” the same logic applies. However, instead of earning a statement credit, you’ll earn flexible points (credited to your account) which you can redeem for travel, cash back, and more.

In most cases, you’re only eligible for a sign-up bonus if you’re a new cardholder or haven’t had a card in that specific product line. For example, if you already have a United Airlines credit card, upgrading to another United Airlines credit card with the same bank may mean you’re not eligible for any sign-up bonus.

What is the best credit card sign-up bonus?

There isn’t a single best credit card welcome bonus on the market, in part because these offers constantly change.

What’s best for you also depends on your spending habits and goals. A travel rewards card offering an 80,000-point welcome bonus sounds great, but it’s not the best credit card option if you never travel or don’t spend enough to earn the offer.

A good bonus is one that:

1. Allows you to earn with regular spending or special planned spending (such as purchasing a kitchen appliance you need with a card that has an introductory APR offer)
2. Offers rewards you can use and want
3. Has a bonus reward value that is more than its annual fee

For example, the Capital One Quicksilver card’s $200 cash-back bonus only requires you to spend $500 in the first three months. Most people can easily accomplish that by using the card to cover their grocery or gas purchases. Because the card has no annual fee, that $200 value is pure “profit” as long as you pay your statement off every month and don’t incur interest expenses. That’s a pretty solid welcome bonus.

The same considerations apply to points and miles cards. Look for welcome bonuses that offer 50,000 or more in miles or points for the best value.

Are credit card welcome offers easy to get?

To earn a credit card sign-up bonus, you must be approved for the card and meet the minimum spending thresholds within the allotted time. These requirements make the degree of difficulty associated with earning welcome bonuses variable.

Most cards that offer a welcome bonus require at least a good credit score — or a FICO score in the mid-600s or higher.

Welcome bonuses with higher spending requirements tend to align with the following:

• Business credit cards. Card companies create welcome bonuses with the likely spending habits of cardholders in mind. They expect businesses to spend more, so required spending can be $5,000 or more in three to six months.
• Luxury travel rewards cards. Companies want to attract luxury travelers, so the sign-up bonus may require spending on the higher end.
• High-value bonuses. A bonus worth $800 or more typically requires spending several thousand dollars or more in the first few months.

How to choose the right credit card bonus

To get the best sign-up bonus for you, consider the big picture. Not all credit cards with a welcome bonus are a good fit for every person.

Let’s take a look at what you should think about.

Think about the rewards you want

Start by considering the type of rewards you can get the most value out of.

Options can include:

• Cash back. This is the easiest reward for most people to use, as you earn various levels of cash back on purchases. You can use those rewards to reduce your statement balance or, in some cases, request a payout via check or PayPal.
• General travel points. These rewards can be redeemed when you book travel. Often, you get the most value when booking through the credit card’s travel program, but some cards let you convert points to use with hotel or airline customer loyalty programs. This is typically the most flexible option for travel rewards.
• Hotel points. Hotel-branded credit cards let you earn points you can redeem on hotel stays and other rewards. This option is good if you prefer a specific hotel brand and stay at its properties often.
• Airline miles. Airline-branded cards let you earn miles for specific programs like Delta or Southwest. This option may be good if you fly frequently with a certain airline.  
• Other branded rewards programs. Some stores provide rewards credit cards. If you shop often with that store, you may be able to maximize rewards to save money. These cards also may not have a spending requirement to earn the bonus.

Consider the minimum spending requirements and annual fees

Choose a card that matches your budget. If you can’t meet the spending requirements without maxing out your card and not paying off your balances, it’s not a good option for you. Rewards cards work best when you can earn value on spending you already planned.

Pay attention to the annual fee, too. If you won’t get more rewards each year than the fee costs, the card probably isn’t worth it.

Look at the drawbacks of each card

Consider any potential negatives, such as high APR, blackout dates for redeeming rewards, or limited cash-back categories that might impact your ability to maximize earnings.

Are credit card intro bonus offers worth it?

Credit card welcome offers are certainly worth it in many cases, especially if you can meet the spending requirement without changing your financial habits. Consider whether you can earn the bonus by using your card to buy gas, groceries, and business supplies or make other planned purchases.

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