If you've been getting weary from the cat-and-mouse games with credit card issuers, you'll be pleased to hear that you may finally have the upper hand--at least when it comes to these credit cards. These credit card issuers are so anxious for your business that they're willing to pay you to sign up for their cards.
Sound too good to be true? Well, take a look at these two offers and see if they don't put a smile on your face.
#1: Chase Freedom®
This card has no annual fee and boasts a pretty good rewards program that features rotating categories subject to quarterly spend cap in combined purchases and activating the bonus each quarter. And currently you can earn a $150 bonus after you spend $500 on purchases with the card within the first three months of opening your account. You can also earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3‐month period. These purchases need to be "qualified transactions," cash advances are not considered qualified transactions. The downside of this card is that if you don't have excellent credit, you might get stuck with a high APR.
#2: Chase Sapphire Preferred® Card
With this card, you can earn 50,000 bonus points when you spend $4,000 on purchases within the first three months of opening your account. Yes, that's a lot of money to spend in three months and that's who this card is meant for--big spenders who have an above average income. These purchases need to be "qualified transactions" cash advances don't count.
The 50,000 points translates into $625 towards travel rewards when you redeem through Chase Ultimate Rewards℠. Note that if you use their toll-free number, you're charged a service fee. Book your ticket online to avoid this charge.
The card carries a $95 annual fee, however there is an introductory annual fee of $0 the first year then the $95 annual fee starts. You need good to excellent credit for this card and the variable APR offered is about average for a rewards card. Another perk is the 24/7 access to dedicated customer service specialists.
For all offers be sure to read the fine print before you apply to determine if this is the best offer for your needs.
Now, there are two important things to note about all of these offers. First, these offers are for first-time cardholders and new accounts.
Second, carefully read the terms and conditions for these offers when you get your card in the mail. Yes, the fine print is tiny and extremely boring, but if you don't read it, you might lose out on the bonus due to a technicality, otherwise known as "gotcha" language. The basics are online, but almost all of these issuers state that you'll receive more "details" in the mail. So read the stuff that shows up in your mailbox and you'll not only get your bonus, but also keep the upper hand.