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The welcome bonus extensions mentioned below are no longer available. Click here to view the latest credit card bonus offers and promotions.
If you opened a new credit card with the hopes of earning a welcome bonus, you may have trouble meeting the spending requirements amid layoffs and furloughs from the coronavirus pandemic.
Thankfully, many major card issuers are doubling the amount of time you have to earn the bonus, depending on when you opened the card.
Below, CNBC Select rounds up which card issuers are currently offering welcome bonus extensions and the terms of the offers.
Many card issuers are automatically offering more time for cardholders to earn welcome bonuses. See below for a summary of the terms for each issuer.
Amex was the first major card issuer to extend the welcome bonus for select U.S. consumer and business cardholders. New accounts approved from December 1, 2019 through May 31, 2020 receive an additional three months to earn their welcome bonus. Learn more about Amex's bonus extension.
You can still apply for a new Amex card through May 31 to benefit from an extra three months to earn the welcome bonus.
Cardholders who've opened a new Bank of America credit card account between January 1, 2020 through March 31, 2020 will be given an additional 90 days to earn the welcome bonus. Learn more about Bank of America's bonus extension.
Similar to Bank of America, new Chase credit card accounts approved from January 1, 2020 through March 31, 2020 receive an additional three months to earn the welcome bonus. Learn more about Chase's bonus extension.
Eligible Citi cardholders who've applied for a new credit card between December 1, 2019 through May 31, 2020 can receive three more months to earn the welcome bonus. This window is the same as Amex and longer than both Chase and Bank of America. Learn more about Citi's bonus extension.
You can still apply for a new Citi card through May 31 to benefit from an extra three months to earn the welcome bonus.