7 Best Credit Card Introductory Bonuses
- August 22, 2016
- Posted by: Jeff Gitlen
- Category: Credit Cards
In the world of credit cards, it is common to sign up for a card that comes with a hefty introductory bonus. These rewards are often used as a headline marketing tactic to attract people to sign up for a certain credit card. It has become somewhat of a staple for credit cards that are marketed to people with either good or excellent credit. With that being said, these credit cards normally come with annual fees, so there is definitely a trade off. Here are multiple credit cards that offer some of the most enticing introductory bonuses (in alphabetical order).
Blue Cash Preferred Card from American Express
The premier cash back card from American Express offers a reward of $250 for spending $1000 within the first three months with the card which is an effective intro rate of 25% back. On top of this, the Blue Cash Preferred Card offers 5% back on up to $4000 of travel purchases during the first six months with the card (maxes out at $200). On top of all this, the card comes with a year-long introductory APR of 0% on transfers and purchases. All of this makes the $95 fee seem worth it.
A common credit card offered by Chase happens to have one of the best introductory deals. The Chase Freedom Credit Card offers a bonus deal of $150 for spending only $500 within the first three months of holding the card; this amounts to about 30% back on initial purchases.
An extra $25 can be earned from simply adding an authorized user to the account. All of this comes with no annual fee and fifteen months of 0% APR on transfers and purchases.
Chase Sapphire Preferred Credit Card
The Sapphire Preferred Credit Card is one of the premier products offered by Chase. It comes with a 50,000 bonus points offer for spending at least $4000 within the first three months with the card. This deal adds up to about $625 when redeemed towards travel rewards. In addition to this intro deal, an extra 5000 points are awarded for adding an authorized user to the account within the first three months of holding the card. This card also starts out with an introductory annual fee of $0, but this becomes $95 for every subsequent year.
Discover it Card
This is a common credit card from Discover, the Discover it Credit Card, that comes with a decent introductory cash back deal. The card offers standard cash back rates of 5% on quarterly categorical purchases and 1% on all other purchases. At the end of the first year, any accrued cash back is doubled due to a match deal from Discover. Other perks include a bonus introductory APR of 0% on balance transfers and purchases for the first year with the card. On a final note, there is no annual fee with this credit card.
Marriot Rewards Premier Card
The Marriott Rewards Premier Credit Card offers a huge introductory bonus deal for spending over $3000 during the initial three months with the card. This intro deal amounts to 80,000 bonus points towards travel and hotel redemptions. While this is a fairly large signing bonus, it is the only special thing about the card. With that in mind, there is an $85 annual fee to contend with.
Southwest Airlines Rapid Rewards Premier Card
This major airline credit card, the Southwest Airlines Rapid Rewards Premier Card, comes with an enticing headliner offer of 50,000 points towards travel redemptions. This sizable bonus points offer comes after spending just $2000 within the first three months of opening an account. Despite having a decent intro deal, there is not much else to get hyped up about as far as introductory bonuses go. Most of this card's benefits come from the standard cash back rates, not the introductory rates. There is a $99 annual fee for holding onto the card.
Starwood Preferred Guest Card from American Express
The Starwood Preferred Guest Card is offered by American Express, and it has quite the travel bonus package. Card holders earn 25,000 points for making $3000 of purchases during the first three months with the card. New card holders immediately gain access to Starwood Elite Status. This amounts to five nights over two stays during the first year with the card, and this renews each year with the card. This card starts out with good benefits, but it leads to even better benefits down the road. There is no fee for the first year with the card, but this quickly changes to an annual fee of $95.