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Credit Cards

Here are the top credit card bonuses available now that the Chase Sapphire Preferred record-high offer is gone

There are thousands of dollars in value available through credit card welcome bonuses.

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Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

A credit card welcome bonus is an incentive offered by banks to entice new customers to begin spending on their cards. These typically come in the form of a lump sum of travel rewards or cash back. For consumers, it's an excellent opportunity to jumpstart their credit card rewards journey.

The Chase Sapphire Preferred® Card card recently offered a record-breaking welcome bonus for new cardholders. However, that deal has now ended — but that doesn't mean that there aren't other amazing bonuses available.

However, before you select a card on a whim, it's critical to reflect on your own financial needs, your budget and what type of rewards you desire to ensure you select the right card.

Select analyzed current welcome bonuses available to consumers in each credit card category, and found several with excellent value and features. Keep in mind that if you're a small business owner you can find some excellent offers on small business credit cards that may be higher than the bonuses listed on personal cards below.

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Top credit card bonuses available now

Travel card with transferable points: The Platinum Card® from American Express

Current welcome bonus: 100,000 Membership Rewards® points after spending $6,000 within six months of account opening.

The Amex Platinum is one of the most sought-after travel cards because of its points-earning potential and long list of benefits and credits. And with an excellent welcome offer of 100,000 Membership Rewards points, it delivers a lot of upfront value to cardholders. However, it comes with a steep $695 annual fee (see rates and fees). But as with many credit card annual fees, by using the benefits, you can quickly offset the cost.

And the points you can earn in this welcome bonus are extremely valuable. At the bare minimum, you will have 106,000 Membership Rewards points after you meet the minimum spend threshold. Membership Rewards are generally valued at two cents per point, giving you $2,120 in rewards that can be transferred to Amex's travel partners.

The Platinum Card® from American Express

On the American Express secure site
  • Rewards

    Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year, 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel, 1X points on all other eligible purchases

  • Welcome bonus

    Earn 100,000 Membership Rewards® points after spending $6,000 within 6 months of card membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.

  • Annual fee

    $695

  • Intro APR

    None

  • Regular APR

    See Pay Over Time APR

  • Balance transfer fee

    N/A

  • Foreign transaction fee

    None

  • Credit Needed

    Excellent/Good

See rates and fees, terms apply.

Honorable mention: Citi Premier® Card has a welcome offer of 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first three months of account opening.

Cash back: Blue Cash Preferred® Card from American Express

Current welcome bonus: Earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first six months.

The Blue Cash Preferred® Card from American Express is an excellent choice for a cash back credit card, especially with the broad spending categories and valuable welcome offer it comes with. As you spend on the card, you will earn: 6% cash back at U.S. supermarkets (up to $6,000 per year, then 1%) and with select U.S. streaming services, 3% cash back on transit (i.e. taxis and rideshare) and at U.S. gas stations and 1% cash back on all other purchases.

Additionally, the card comes with a 0% intro APR on purchases and balance transfers for the first 12 months from the date of account opening, then a variable APR, 16.99% - 27.99% (see rates and fees). This is a great strategy to finance a large purchase like an iPhone, or possibly for your upcoming holiday shopping.

After meeting the minimum spend threshold of $3,000 within the first six months, you will have at least $380 back in your pocket — a net return of more than 12% on your spending.

Select calculated how much the average American can earn in a year using the Blue Cash Preferred. We worked with the location intelligence firm Esri, who provided us with a sample annual spending budget of $22,126. The budget includes six main categories: groceries ($5,174), gas ($2,218), dining out ($3,675), travel ($2,244), utilities ($4,862) and general purchases ($3,953).

With these numbers in mind, the average American would earn $524 in cash back per year with the Blue Cash Preferred, and that doesn't even include the welcome bonus offer.

Blue Cash Preferred® Card from American Express

On the American Express secure site
  • Rewards

    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. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.

  • Welcome bonus

    Earn a $350 statement credit after you spend $3,000 in purchases on your new card within the first 6 months.

  • Annual fee

    $95

  • Intro APR

    0% for 12 months on purchases and balance transfers from the date of account opening

  • Regular APR

    16.99% - 27.99% variable

  • Balance transfer fee

    Either $5 or 3% of the amount of each transfer, whichever is greater.

  • Foreign transaction fee

    2.7%

  • Credit needed

    Excellent/Good

See rates and fees, terms apply.

 

0% intro APR: Wells Fargo Active Cash® Card

Current welcome bonus: $200 cash rewards bonus after spending $1,000 in purchases in the first three months.

A 0% intro APR credit card doesn't have to simply be about interest-free financing on your purchases. You can also earn rewards at the same time. The Wells Fargo Active Cash® Card is a perfect example of this.

With this card, you will earn 2% cash-rewards on purchases, in addition to having a 15 month 0% introductory period on purchases and qualifying balance transfers from account opening (after, 17.99%, 22.99%, or 27.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a balance transfer fee of up to 5%, $5 minimum).

And using the same annual spending budget number above ($22,126), the average American would earn $442 in cash back using the Active Cash Card. And once you add in the $200 welcome offer, that is a cumulative $642 in the first year of spending.

Wells Fargo Active Cash® Card

On Wells Fargo's secure site
  • Rewards

    Unlimited 2% cash rewards on purchases

  • Welcome bonus

    Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months

  • Annual fee

    $0

  • Intro APR

    0% intro APR for 15 months from account opening on purchases and qualifying balance transfers; balance transfers made within 120 days qualify for the intro rate

  • Regular APR

    17.99%, 22.99%, or 27.99% variable APR on purchases and balance transfers

  • Balance transfer fee

    Introductory fee of 3% ($5 minimum) for 120 days from account opening, then up to 5% ($5 minimum)

  • Foreign transaction fee

    3%

  • Credit needed

    Excellent/Good

See rates and fees, terms apply.

No annual fee: Blue Cash Everyday® Card from American Express

Current welcome offer: Earn a $200 statement credit after you spend $2,000 in purchases on your new card within the first six months.

A no-annual-fee credit card can be a great spending solution for someone looking for a no-frills credit card. And the Blue Cash Everyday Card from American Express is a great card for that (see rates and fees). And you can still earn a solid welcome bonus along the way.

With this card, you will earn 3% cash back at U.S. supermarkets (up to $6,000 a year, then 1% thereafter). You can also earn 3% cash back at U.S. gas stations, (on up to $6,000 per year, then 1%), and 1% cash back on all other purchases.

As for the welcome offer, you will have a minimum of $220 in rewards after meeting the minimum spend threshold. And taking the same budget example from above, the average American would earn $310 in cash back each year — giving a complete total of over $500 in cash back and rewards after the first year of card membership.

Blue Cash Everyday® Card from American Express

On the American Express secure site
  • Rewards

    3% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%), 3% cash back at U.S. gas stations, (up to $6,000 per year, then 1%), 3% cash back on U.S. online retail purchases, on up to $6,000 per year, then 1%. Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits.

  • Welcome bonus

    Earn a $200 statement credit after you spend $2,000 in purchases on your new card within the first 6 months.

  • Annual fee

    $0

  • Intro APR

    0% for 15 months on purchases and balance transfers, from the date of account opening

  • Regular APR

    16.99% - 27.99% variable

  • Balance transfer fee

    Either $5 or 3% of the amount of each transfer, whichever is greater.

  • Foreign transaction fee

    2.7%

  • Credit needed

    Excellent/Good

See rates and fees, terms apply.

How to pick the best credit card for you

There is a very similar question among consumers who are new to credit card rewards: "What's the best credit card?" Well, there is no best credit card. The best credit card is the one that fits your goals and spending patterns.

To find the right credit card for you, try to "reverse engineer" your needs. In other words, don't get a credit card and make it work for you. Ask yourself these questions, and then find a card that fits how you spend:

  • Am I more interested in travel rewards or cash back?
  • Am I open to paying an annual fee? If so, what's my limit?
  • Where do I make the majority of purchases?
  • What benefits would I find most useful?

But most importantly, be sure to ask yourself if you're financially responsible enough for a credit card. Millions of Americans end up in credit card debt each year for a multitude of reasons, with one of them being overspending. If you fear you may not be ready for a credit card, there is nothing wrong sticking with a debit card or paying with cash.

Bottom line

Earning a credit card sign-up bonus is the best way to earn a ton of rewards quickly. Once you decide cash back or travel rewards are your preference, ask yourself if you can earn the applicable welcome bonus in a responsible way. It isn't advisable to overspend or make purchases you don't need in order to attain a welcome bonus.

Catch up on Select's in-depth coverage of personal financetech and toolswellness and more, and follow us on FacebookInstagram and Twitter to stay up to date.

For rates and fees of The Platinum Card® from American Express, click here.

For rates and fees of Blue Cash Preferred® Card from American Express, click here.

For rates and fees of Blue Cash Everyday® Card from American Express, click here.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Plenty of rewards and benefits including 4X points per dollar for dining at restaurants worldwide
Enjoy an intro APR on purchases plus, Discover will match all the cash back you've earned at the end of your first year.