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Holy moley we are in the middle of an increased credit card sign-up bonanza. I love sharing info about the best possible credit card sign-up bonuses since it is a way to shoot your miles and points bonuses up in a hurry. Truth be told, even I am having a hard time keeping up with all of the sign-up bonuses that we have seen increase in the last few days, as it has been a little crazy (in a good way). So while it wasn’t my original intent to talk about sign-up bonuses again today, I think a list of all the increased bonuses is a good idea since I can’t remember the last time we had so many offers increase at the same time.
To put it another way, today is the best day for credit card sign-up bonuses that we have seen in a while, and at least three of the bonuses will start to go back down tomorrow. If you wanted to get into the world of rewards credit cards, you honestly couldn’t have stumbled upon a better time in terms of getting the biggest bang for your sign-up bonus. Here is a list of some of the cards that currently have temporarily increased sign-up bonuses, and a few words about how often we see the offer for that card at that level.
Ink Bold® Business Charge Card and Ink Plus® Business Credit Card: 60,000 Ultimate Rewards points after spending $5,000 in the first three months. This offer has been out since May 1st, but goes away tomorrow (June 1st). We hadn’t seen the public offer at this level in a year, and I expect it to go back to the 50,000 point level beginning tomorrow afternoon. These cards have 5x bonus categories that make them absolute favorites of mine. These cards have a $95 annual fee after the first year. You can read more here.
Ink Cash® Business Credit Card: 30,000 points ($300 cash back) after spending $3,000 in the first three months. This offer has also been out since May 1st, but will go back down presumably to the 20,000 point ($200 cash back) level starting tomorrow evening. I can’t remember off-hand ever seeing the public sign-up bonus at 30,000 points/$300 for this card as I think it just went up to 25,000 points/$250 for Small Business Week in 2013. I know for sure this is a rare sign-up bonus for this card that does not have an annual fee.
Temporarily Increased Offers With June End Date:
Starwood Preferred Guest American Express Business and Personal Cards: 30,000 points after spending $5,000 in the first 6 months. This bonus is broken up into 10,000 points after the first use, and 20,000 bonus points after you spend $5,000 in the first 6 months. The normal sign-up bonus for these cards amounts to 25,000 points, but we often see a limited time increased offer to 30k at some point in the summer. They are doing the higher sign-up bonus just via referrals right now, meaning that those who hold one of those cards can refer friends/family to the 30k offer and get 5k points for themselves in the process. That is pretty awesome! These cards have a $65 annual fee after the first year. You must be referred and approved for the 30k offer by June 30th. If you want in on this, email me at mommypoints at mommypoints.com with your name and whether you want a biz or personal referral and I’d be happy to send a referral your way. You can read more about this offer here.
Temporarily Increased Offer With Unknown or Later End Dates:
These offers are all temporarily increased over the normal levels, but the end dates are either a few months away or to-be-announced.
Chase Freedom®: 20,000 points (aka $200 in cash) after spending $500 in the first three months + 2,500 points for adding an authorized user who makes a purchase in the first three months. This card earns Ultimate Reward points that are transferable to hotels/airlines if you also have the Ink Bold, Ink Plus, or Chase Sapphire Preferred cards, otherwise the points have a one cent = one point value toward gift cards or statement credits. This is the highest I have seen this bonus other than a very short lived 30k offer a couple years ago that probably wasn’t supposed to be publicly available. I don’t expect us to see a higher offer for this card anytime soon. The offer was just increased yesterday, and I would bet we see it at this level for at least a few weeks, but I don’t have a firm end date yet. This is a very good sign-up offer for this annual fee free card that has rotating 5x bonus categories. You can read more here.
Citi HHonors Visa Signature: 60,000 Hilton HHonors Bonus Points after making $1,000 in purchases in the first four months (offer available through 8/31/14). You will also get a $25 statement credit if you spend $200 or more on car rentals at participating National Car Rental, Alamo Rent A Car or Enterprise Rent-A-Car locations in the U.S. and Canada within the first four months of account opening. This is better than the current standard offer of 40k points, and even higher than the recent increased offer we had this spring of 50,000 + a $50 statement credit. This offer really isn’t bad for an annual fee free card if you need some HHonors points. The Business Gold Rewards Card from American Express OPEN: is now 25,000 Membership Reward points after you spend $5,000 in the first three months. This isn’t a historical high for this card (last year we saw 75k numerous times), but it isn’t a bad sign-up bonus either. This card awards 3x Membership Reward points on airfare booked directly with the airlines and 2x points on select media, gas stations, select computer hardware (like from Apple!), and select cloud services. I have this card myself and use it to pay for the majority of my airfare for 3x points. $0 introductory fee for the first year then $175. There is no foreign transaction fee.
Southwest Airlines Rapid Rewards® Premier Credit Card: 50,000 Rapid Reward points (worth over $700 toward Wanna Get Away fares) after spending $2,000 in the first three months. We typically see this card jump to the 50k level from the standard 25k several times a year. There are four versions of this card that you can read all about here. I don’t expect this to be a “once in a lifetime” opportunity on this card, but it is at the highest level we see for this card. This card has a $99 annual fee, but some of the other versions have a $69 annual fee.
Citi AAdvantage Executive World MasterCard: 100,000 American Airlines miles after spending $10,000 in the first three months. This offer has been out since January, but I won’t be surprised to see it drop back down to a 50k or 75k level at some point as it is just insanely high. There is a hefty annual fee of $450, but it also comes with $200 in statement credits after you spend $200, so it is effectively like $250 in the first year. It also comes with American Airlines AAdmirals Club membership. Some people have been enjoying this offer so much, they have taken advantage more than once…
How To Take Advantage of These Offers:
If you have been thinking about getting one of these cards, and now is a good time for you to apply (not about to refinance, can hit spending requirements, etc.), then do your best to make sure you get the card(s) while the offers are at these increased levels. Some enthusiastic miles and points fans might want to get one from each bank, so for example an Ink Plus for 60k, Amex SPG for 30k, and Citi AAdvantage Executive World MasterCard for 100k. That would be a great batch of very valuable points! Of course, that is also a bunch of spending requirements to have to meet, so only bite off as much as you can chew. Don’t dive head first until you are ready!
Even just getting in on one increased offer can be a great start or addition to your miles and points collection. Which of these cards are you interested in pulling the trigger on?
Disclosure: Some of these offers are my affiliate links, and some are not. All are to the highest offers I know of for these cards.