10 Major Credit Card Bonuses for May 2018 (2024)

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I often tell people that the hardest way to earn airline miles is to step on an airplane. Even on the carriers that still offer you miles based on your travel, you’ll only earn about 500 miles per hour you spend on an airplane. And you’ll have to spend an entire night in a hotel just to earn a few thousand points in their loyalty program.

In contrast, it takes just a few minutes to sign-up for a credit card that can offer you 50,000 to 100,000 points or miles as a sign-up bonus. 50,000 miles is a competitive offer from an airline card, or one that offers points that can be transferred to airline miles. However, the best offers will be in the 60,000 to 100,000 mile range. With hotel points, a strong offer is one with enough points for at least two free nights in a mid-range hotel. But because hotel points are generally less valuable than airline miles, expect to receive 80,000 to 100,000 points from the best offers.

To receive these rewards, you’ll typically have to meet a minimum spending requirement, often $3,000 to $5,000 within three months of account opening. However, some of the most generous offers will have even larger spending requirements. Also, most cards will have an annual fee, although some are waived the first year.
Once you’ve paid an annual fee and received your sign-up bonus, the last thing you’ll want to do is cancel your card. Instead, try it out for a year and see how like its rewards, benefits and customer service. At the end of your first year, you’ll have all the information you need to decide if it’s worth keeping or not.

Major Credit Card Bonuses for May 2018

Citi Premier Card

Welcome offer: 50,000 bonus points after spending $4,000 within the first 3 months of account opening.
Annual fee: $95, waived the first year.
Comment: Bonus points can be transferred to miles with 16 airlines or can be redeemed for $625 in travel through the ThankYou portal.

Citi / AAdvantage Executive World Elite MasterCard

Welcome offer: 75,000 points after spending $7,500 within the first 3 months of account opening.
Annual fee: $450.
Comment: This high-end card has been refreshed to make it more competitive with other travel reward cards.

IHG Rewards Club Premier Credit Card

Welcome offer: 80,000 points after spending $2,000 within the first 3 months of account opening.
Annual fee: $89.
Comment: In addition to the generous bonus, the card features 10x points at IHG hotels, 2x points at gas stations, grocery stores and restaurants. You also get Platinum Elite Status, your fourth reward night free and a free anniversary night.

Southwest Rapid Rewards Premier Credit Card

Welcome offer: 40,000 points after spending $1,000 within the first 3 months of account opening.
Annual fee: $99.
Comment: There's also a 6,000-point bonus every year, on the cardholder's account anniversary.

Marriott Rewards Premier Credit Card from Chase

Welcome offer: 100,000 points after spending $5,000 within the first 3 months of account opening.
Annual fee: $95.
Comment: This card was recently refreshed to include 6x points at Marriott Rewards and SPG hotels and 2x points on all other purchases. You also get Silver status, 15 Elite Night Credits and Gold Status when you spend $35,000 in an account year. Finally, you get a free night award each year at a property with a redemption level up to 35,000 points.

The Platinum Card from American Express

Welcome offer: 60,000 Membership Rewards points after spending $5,000 within the first 3 months of account opening.
Annual fee: $550, (see rates and fees)
Comment: While the card's annual fee is among the very highest, it also comes bundled with a $200 annual air travel fee statement credit, and $200 annual Uber credit and a $100 credit towards the Global Entry or TSA PreCheck application. 5 points per $1 for flights booked through the airline and hotels booked with Amextravel.com.* Terms apply.

Chase Sapphire Preferred Card

Welcome offer: 60,000 points after spending $4,000 within the first three months of account opening.
Annual fee: $95, waived the first year.

British Airways Visa Signature® Card

Welcome offer: Up to 100,000 bonus Avios: 50,000 points after spending $3,000 on within three months of account opening, an additional 25,000 bonus points after spending $10,000 total on within your account’s first year for a total of 75,000 bonus Avios. And another 25,000 bonus points after spending a total of $20,000 within your account’s first year.
Annual fee: $95.
Comment: There’s a high minimum spending requirement to earn the total 100,000 points, but you can use these points for award flights on Alaska, American and other OneWorld partners.

Platinum Delta SkyMiles® Business Credit Card from American Express

Welcome offer: Earn 35,000 bonus miles and 5,000 Medallion® Qualification Miles (MQMs) after you spend $1,000 within three months of account opening. Also, you can earn a $100 statement credit after you make a Delta purchase within three months of account opening. Terms apply.
Annual fee: $195,
Comment: This card allows you to earn valuable MQMs and features a companion certificate good for a domestic, round-trip, economy class companion fare in the continental United States.

Hilton Honors Ascend Card from American Express

Welcome offer: Earn up to 100,000 points, plus 75,000 bonus points after spending $2,000 on purchases within three months of account opening, and another 25,000 points after spending an additional $1,000 within six months of account opening. Terms apply.
Annual fee: $95, (see rates and fees)
Comment: This card offers 12x points at Hilton portfolio hotels, 6x points at US restaurants, supermarkets and gas stations and 3x points on all other purchases. You also receive Gold elite. Status.

All products and services mentioned on Airfarewatchdog are independently selected by our team of expert travelers. If you buy something through our links, we may earn an affiliate commission.

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10 Major Credit Card Bonuses for May 2018 (2024)

FAQs

Do credit card bonus points expire? ›

While most credit card rewards programs have points that never expire, hotel and airline rewards tend to expire after 12 to 36 months. There are other ways to lose your credit card rewards outside of standard expiration, including account inactivity, becoming delinquent on your account and returning a purchase.

How do I claim my credit card bonus? ›

Redeeming rewards for cash back

Cash rewards can take a few forms: direct deposit, statement credit or check. Gift cards will sometimes be an option, too, as a "cash equivalent," but for more on that, see No. 4 below. Redeeming for a statement credit is a popular option, as it reduces your credit card balance.

What is the online $200 cash rewards bonus after making at least $1000 in purchases in the first 90 days of your account opening ›

The Bank of America® Customized Cash Rewards credit card offers a $200 online cash rewards bonus after spending $1,000 in purchases in the first 90 days of account opening and earns 3% cash back in the eligible category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/ ...

What are credit card welcome bonuses? ›

A credit card welcome bonus is an incentive that banks offer to entice new customers to sign up for their credit cards. Often, welcome bonuses come in the form of additional points or cash back after meeting a certain spending threshold in a limited amount of time.

Do you have to pay taxes on credit card bonus points? ›

Credit card rewards you earn by making purchases with the card aren't considered income and are not taxable. This includes rewards miles, points and cash back. The IRS treats these types of credit card rewards as rebates or discounts on your purchases, rather than income.

Can you get a credit card bonus twice? ›

Depending on the card issuer, you may be able to receive a welcome bonus for the same card more than once, but each bank or issuer has its own rule about who is eligible. With certain Chase cards, for example, you may have to wait up to two years between canceling a card and reapplying to be able to requalify.

What does a $200 bonus on a credit card mean? ›

Many credit cards offer a welcome bonus, which means new cardholders earn extra rewards, such as cash back, points or miles, when they use their card. To earn the bonus, you usually have to reach a minimum spending requirement within the first few months of opening your account.

Can I convert my reward points to cash? ›

Can the reward points that I earn be converted into cash? A few banks give you the option to convert your reward points into cash. The amount that has been converted into cash will be credited into your credit card account. You can use this to make payments.

Should I pay off credit card debt with bonus? ›

Once your day-to-day finances are in order, a good way to spend your bonus is by paying off (or paying down) any outstanding credit card debt you might have.

What is the $750 welcome bonus credit card? ›

The Chase Sapphire Preferred® Card is the best $750 welcome bonus credit card. The card offers a bonus of 60,000 points, worth $750 in travel booked through Chase Travel or $600 in statement credit, when you spend $4,000 in the first 3 months your account is open.

How many credit cards are too many? ›

It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.

Is Capital One Savor better than Quicksilver? ›

Is the Capital One SavorOne better than Quicksilver? Overall, these cards are a close match. However, SavorOne offers slightly better cash-back rewards. Because the higher rewards are earned, in part, on groceries and dining, the SavorOne is likely to generate more rewards for almost anyone than the Quicksilver card.

What is the Chase 5/24 rule? ›

What is the 5/24 rule? Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase's 5/24 rule means that you can't be approved for most Chase cards if you've opened five or more personal credit cards (from any card issuer) within the past 24 months.

Does cancelling a credit card hurt your credit? ›

Key Takeaways

Closing a charge card won't affect your credit history (history is a factor in your overall credit score). Closing a credit card could hurt your credit score by increasing your credit utilization if you don't pay off all your balances.

Is it better to pay credit card in full? ›

It's a good idea to pay off your credit card balance in full whenever you're able. Carrying a monthly credit card balance can cost you in interest and increase your credit utilization rate, which is one factor used to calculate your credit scores.

How long do Chase bonus points last? ›

Chase Ultimate Rewards points do not expire as long as your credit card account remains open and in good standing. If you choose to close your account, you may lose any unredeemed points. It's always a good idea to read your credit card's terms and conditions carefully.

What credit card points don't expire? ›

Rewards earned on general travel or cash back credit cards issued by major banks typically don't expire as long as your account remains open. For example, Chase Ultimate Rewards® and Barclays Arrival Miles don't expire.

How much is 50000 bonus points worth? ›

In most cases, 50,000 Chase points are worth $500 for travel, cash back, or gift cards. The same 50,000 points can be worth $625 with the Chase Sapphire Preferred® Card or Ink Business Preferred and $750 with the premium Chase Sapphire Reserve®.

Are reward points allowed to expire? ›

As long as you're earning or redeeming points/miles, your rewards won't expire. However, there are a few general nuances to be aware of. Expiration over time: Points earned in most food and drink loyalty programs, such as Tims Rewards, MyMcDonald's Rewards and Starbucks Rewards, expire after a certain period of time.

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