Home » Top Picks » Best Credit Card Sign-Up Bonuses for October 2018

Best Credit Card Sign-Up Bonuses for October 2018

Best Credit Card Sign-Up Bonuses for October 2018

*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Oct 01, 2018, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.

As credit card issuers continuously compete with each other to try to earn a spot in your wallet, credit card sign-up bonuses just keep getting bigger and better. A recent MagnifyMoney* study found that the average sign-up bonus for a travel rewards card more than doubled from 16,050 points in 2008 to 40,556 points in 2018. That’s an astounding increase of 24,506 points, clearly indicating issuers’ desire to attract new customers.

By meeting the requirements of a sign-up bonus, you can earn increased rewards within the first several months of account opening. And, depending on the spending prerequisites, you may not need to up your spending by much or at all to earn the bonus. Plus, cards with great sign-up bonuses often provide added value with rewards and other perks.

Here are five credit cards that have some incredible sign-up bonuses and may change at any time:

 

1. Best travel rewards sign-up bonus: Chase Sapphire Preferred® Card

  • 50,000 bonus points

  • 2X points on travel and dining

  • 1:1 point transfer to leading airline and hotel loyalty programs

Highlights
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

See additional details for Chase Sapphire Preferred® Card

More Info


The offer: Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

This offer can be an even better deal if you redeem points for travel via Chase Ultimate Rewards®. Points redeemed this way are worth 25% more, meaning one point is worth $.0125 instead of the typical $.01 when redeemed outside the Chase Ultimate Rewards portal for other options like gift cards and cash. The sign-up bonus is a great way to cover the cost of upcoming travel arrangements like hotel, airfare car rentals and more — just remember to book via Chase Ultimate Rewards.

Other card perks:

  • Increased value of points redeemed for travel: When you redeem points for travel like airfare, hotels, car rentals and cruises via Chase Ultimate Rewards, points are worth 25% more. For example, 50,000 points are worth $625 toward travel.
  • 1:1 points transfer: You can transfer your points to select frequent travel programs on a 1:1 basis. Current programs include: Aer Lingus AerClub, British Airways Executive Club, Flying Blue AIR FRANCE KLM, Iberia Plus, JetBlue TrueBlue, Singapore Airlines, Southwest Rapid Rewards, United MileagePlus, Virgin Atlantic Flying Club, IHG Rewards Club, Marriott Rewards, The Ritz-Carlton Rewards and World of Hyatt.
  • Trip cancellation/trip interruption insurance: You may be reimbursed up to $10,000 per trip for prepaid non-refundable travel expenses, including passenger fares, tours and hotels if your trip is canceled or cut short by sickness, severe weather and other covered situations.

Read our review of the Chase Sapphire Preferred® Card here.

2. Best sign-up bonus with no spending requirements: Discover it® Cash Back

  • Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically*

  • Earn 5% cash back at different places each quarter up to the quarterly maximum, when you activate*

  • Any amount, any time. Cash back rewards never expire*

Highlights
  • INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched. 
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate. 
  • Plus, earn unlimited 1% cash back on all other purchases - automatically. 
  • Redeem cash back any amount, any time. Rewards never expire. 
  • Use your rewards at Amazon.com checkout. 
  • Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up. 
  • No annual fee.
  • See Rates & Fees

See additional details for Discover it® Cash Back

More Info


The offer: Discover will automatically match all the cash back you earn at the end of your first year.*

If you don’t want to be rushed to meet the requirements of a sign-up bonus, the new cardmember offer of the Discover it® Cash Back can be a good alternative to typical bonuses. You control how much money Discover matches, so if you earn $100 in cash back at the end of your first year as a cardholder, Discover will match that and give you an additional $100 in cash back. There’s no limit to the amount you can earn, so spend as much or as little as you want and Discover will match it.

Other card perks:

  • Simple cash back redemption: You can conveniently redeem cash back at any time and for any amount. That’s a plus compared with most other cards that require a minimum $25 to redeem.
  • No late fee on your first late payment: Discover won’t charge you a late fee on your first late payment. This is a great reminder to set up autopay or calendar alerts.

Read our review of the Discover it® Cash Back here.

3. Best student card sign-up bonus: Citi ThankYou® Preferred Card for College Students

  • 0% for 7 months on Purchases*

  • Earn 2X Points on Dining Out & Entertainment

  • 16.49% - 26.49%* (Variable)

Highlights
  • Enjoy 0% Intro APR for 7 months on purchases from date of account opening; after that the variable APR will be 16.49% - 26.49% based upon your creditworthiness*
  • Earn 2,500 bonus points after spending $500 in purchases within the first 3 months of account opening
  • 2,500 ThankYou® Points are redeemable for $25 in gift cards, electronics and other great rewards when redeemed at thankyou.com
  • Earn 2X Points on Dining Out & Entertainment
  • Earn 1X Points on All Other Purchases
  • No expiration and no limit to the amount of points you can earn with this card
  • No annual fee*

See additional details for Citi ThankYou® Preferred Card for College Students

More Info


The offer: Earn 2,500 bonus points after spending $500 in purchases within the first 3 months of account opening.

The points you earn can help pay for a portion of typical student expenses like textbooks, laptops, meals or gas when redeemed for statement credit, gift cards, merchandise or cash back. Or, you can redeem points for travel via Citi’s travel portal, giving your points one of the more straightforward conversion rates — one point worth $.01 (gift cards also offer this rate). The redemption value for other options is less than $.01 per point, so it’s a good idea to evaluate how you want to use your points in order to get the most value.

Other card perks:

  • Citi® Price Rewind: Register eligible items with Citi® Price Rewind, and a 60-day search for a lower price will be conducted. If a lower price is found, you may be reimbursed for the difference between the price found and what you paid.
  • 0% Intro period: If you plan on purchasing textbooks or school supplies, the intro 0% for 7 months on Purchases* on purchases can come in handy. Just make sure to pay your balance before the intro period ends since the regular purchase APR is 16.49% - 26.49%* (Variable). 

Read our review of the Citi ThankYou® Preferred Card for College Students here.

4. Best business card sign-up bonus: Ink Business Preferred℠ Credit Card

  • Earn 80,000 bonus points

  • Earn 3 points per $1 in select business categories

  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards

Highlights
  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee

See additional details for Ink Business Preferred℠ Credit Card

More Info


The offer: Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.

The points you earn from the sign-up bonus can be used in a variety of ways that suit your business’s unique spending. If you and your employees travel often, increase the value of your points by 25% by redeeming for travel with Chase Ultimate Rewards. That means points are worth $.0125 each instead of $.01. Or, if you often purchase from Amazon.com, points can conveniently be redeemed to cover all or part of your eligible Amazon.com order — including tax and shipping. You can also redeem points for cash back or gift cards that can be used to incentivize employees.

Other card perks:

  • Increased value of points redeemed for travel: Redeeming points for travel via Chase Ultimate Rewards increases their value by 25%. For example, 80,000 points are worth $1,000 toward travel. Travel purchases include airfare, hotels, car rentals and cruises.
  • 1:1 Points transfer: Benefit from the flexibility to transfer points to select frequent travel programs on a 1:1 basis. Current programs include: Aer Lingus AerClub, British Airways Executive Club, Flying Blue AIR FRANCE KLM, Iberia Plus, JetBlue TrueBlue, Singapore Airlines, Southwest Rapid Rewards, United MileagePlus, Virgin Atlantic Flying Club, IHG Rewards Club, Marriott Rewards, The Ritz-Carlton Rewards and World of Hyatt.
  • Trip cancellation/trip interruption insurance: If your trip is canceled or cut short by sickness, severe weather and other covered situations, you may be reimbursed up to $5,000 per trip for prepaid non-refundable travel expenses, including passenger fares, tours and hotels.
  • Cellphone protection: When you pay your monthly cellphone bill with your card, you can get up to $600 per claim with cellphone protection for you and your employees. *Maximum of three claims in a 12-month period with a $100 deductible per claim.

Read our review of the Ink Business Preferred℠ Credit Card here. 

*Disclosure: MagnifyMoney is a subsidiary of LendingTree, which is also the parent company of CompareCards.


Recommended Posts:

Read More

Credit Card Referral Bonuses

You got a great deal on a credit card. And you know someone who is shopping for one. The good news is there are credit card companies that actually want to pay you to refer your eligible friends and family. Referral deals are a win-win for both sides. You get paid for helping someone find […]

Read More