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.
This list is updated on a regular basis.
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. Here are some options:
6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% cash back on select U.S. streaming subscriptions, 3% cash back at U.S. gas stations, 3% cash back on transit including taxis/rideshare, parking, tolls, trains, buses and more and 1% cash back on other purchases
$250 statement credit after you spend $1,000 on eligible purchases on your new card within the first 3 months
0% APR for the first 12 months on purchases and balance transfers
12.99% to 23.99% variable
3%, $5 minimum
See rates and fees, terms apply.
4X Membership Rewards® points when you dine at restaurants worldwide and shop at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X), 3X points on flights booked directly with airlines or on amextravel.com, 1X points on all other purchases
35,000 Membership Rewards® points after you spend $4,000 on eligible purchases within the first 3 months from account opening
See rates and fees
See rates and fees
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. Here are some options:
Earn 2X ThankYou® points at supermarkets and gas stations for the first $6,000 per year and then 1X points thereafter. Plus, earn 1X points on all other purchases
Earn 15,000 bonus points after you spend $1,000 in purchases with your card within 3 months of account opening
0% APR for the first 15 months on purchases; 0% APR for 15 months on balance transfers from date of first transfer
13.49% to 23.49% variable on purchases and balance transfers
3% of each balance transfer; $5 minimum
3X points on travel including gas stations, 2X points at restaurants and on entertainment, 1X points on all other purchases
60,000 bonus points after making $4,000 in purchases with your card within the first 3 months of account opening (worth $750 in airfare)
15.99% to 23.99% variable APR on purchases and balance transfers
3%, $5 minimum
For rates and fees of the Blue Cash Preferred® Card from American Express, click here.
For rates and fees of the American Express® Gold Card, click here.
Information about the Citi Rewards+℠ Card and Citi Premier℠ Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the cards prior to publication.