Top Signup Bonus Credit Card Offers For January 2016
We often discuss playing the rewards game here at our website. The rewards game is learning how to make credit card rewards work in your favor. To play the rewards game to maximum potential, one must go after new credit cards with hefty sign up bonuses. You join the credit card, spend the minimum needed to gain your rewards, then quit using that credit card, after paying off the balance in full. You then move on to the next credit card. Done correctly, your credit score will not suffer, in fact if you keep the cards open, your credit score will only climb, since you are not using the available credit limit on cards you are done with.
To play the rewards game well, you have to find the right offers, those offers which provide the best sign up bonuses for your dollar. To this end we have examined the current offers on the market today, going into 2016, and came up with a list of the top offers available today. These offers represent the best sign up rewards bonuses the industry has to offer.
Three Cards Offering Great Promo Offers For January of 2016
Citi ThankYou® Premier Card
This credit card offers you a hefty sign up bonus of 50,000 bonus ThankYou Points, provided that you spend $3,000 in purchases within 90 days of opening the account. You can use these points for $500 in gift cards, or $625 towards travel if booked through Citi’s Kayak-like tool. There is a $95 annual fee, but this is waived for the first year. You earn three points for every dollar spend on travel expenses, which includes gas, so you can easily rack up sweet rewards just using this card at the pump all year long. APR will range from 14.24% to 23.24% depending on your credit history and other factors.
Chase Sapphire Preferred® Card
This credit card offers you a sign up bonus of 50,000 bonus points if you spend $4000 within 90 days of opening up your account, which is worth $500. This cards rewards sign up bonus can be worth $550, if you add a authorized user, as this adds 5000 points. This card offers a ton of value to any savvy consumer, as you can cash in the rewards for either travel expenses or cash. Each point is worth 1 cent, or if you redeem for travel you earn 1.25 cents for each point spend towards travel costs. You can only use United, Southwest or Virgin Atlantic for airfare however, so if you do not use these airlines, you may want to look elsewhere, unless you use the points for cold hard cash. If you transfer your points to airline mile programs, this sign up bonus can be worth much more than a mere $625. There is an annual fee of $95 but this is waived for the first year. The APR is 15.99% Variable.
Capital One® Venture® Rewards Credit Card
This credit card from Capital one offers a sweet rewards rate of 2 miles per dollar spent. The sign up bonus is a hefty 40,000 miles, provided that you spend just $3000 within the first three months of opening the account. 10,000 miles equals roughly $100 in travel rewards, so this sign up bonus is equal to $400 dollars. Your rewards can be used for airfare or travel expenses like hotel stays and car rentals, without blackout dates. One of advantages here is that your rewards never expire. There are also no hidden fees involved. The APR will range from 12.99% – 22.99% (Variable), depending on your credit history and other factors. There is an annual fee, but this fee is waived for the first year, after which you will need to pay $59 per year to keep your card. This is a great credit card for the frequent traveler.