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Best credit card signup bonuses of July 2020

Last Updated, June 30, 2020

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The credit card bonus offer is flashy, exciting, enticing… and quite possibly fleeting.

That’s right, credit card bonuses can and do rise and fall, which means that applying for a new card at the right time could mean a substantially higher bonus for you. Likewise, missing the window of a limited time offer could mean your bonus opportunity is half of what it could be. This is why we are bringing you the best credit card offers from our partners, so you never miss a beat.

And excellent bonuses aren't just for personal/consumer cards; small business owners can get in on the bonus offer situation as well.

These offers are the best of the best, but that doesn't mean they all come with annual fees. Don't overlook the best signup bonuses for no-annual-fee credit cards that we've listed here as well.

Let's get started.

BEST CREDIT CARD SIGNUP BONUSES

TRAVEL REWARDS CARDS | NO-ANNUAL-FEE TRAVEL REWARDS CARDS | NO-ANNUAL-FEE CASH-BACK CARDS | CASH-BACK REWARDS CARDS | HOTEL REWARDS CARDS | AIRLINE REWARDS CARDS | NO-ANNUAL-FEE BUSINESS REWARDS CARDS  | BUSINESS REWARDS CARDS

BEST BONUSES AMONG TRAVEL REWARDS CARDS

Chase Sapphire Reserve®

Why We Like It: This card comes with plenty of luxury polish, but all the perks to justify the higher-than-average annual fee. And those perks start with a solid signup bonus

The Signup Bonus: Earn 50,000 bonus Ultimate Rewards® points after you spend $4,000 on purchases within three months of opening an account. Because your rewards are worth 50% more when redeemed for travel through the Ultimate Rewards® portal, that means the bonus is worth $750.

Annual Fee: $550

Rewards Rate:  Earn three points on travel (after earning your $300 annual reimbursement) and on dining purchases worldwide and one point per $1 spent on everything else.

Extra perks: Earn a $300 travel reimbursement each year to cover things like airline tickets or baggage fees. Enjoy complimentary airport lounge access, trip interruption/cancellation insurance and numerous other perks and features.

BEST BONUSES FOR NO-ANNUAL-FEE TRAVEL CARDS

Discover it® Miles

(This card is not currently available on CardRatings)

Why We Like It: The amazing thing about this card's bonus offer is that it can be as lucrative as you choose to make it. We'll explain below.

The Welcome Offer: Discover will MATCH all the miles you earn during your first year as a cardholder. That means that the bonus is entirely dependent on how much you choose to spend during your first year as a cardholder. For example, if you earn 35,000 miles in your first year, Discover will match that amount so you will have effectively earned 70,000 miles in that first year – that's $700 toward travel.

Annual Fee: See Terms

Rewards Rate: Earn a flat 1.5 miles per $1 spent on all your purchases. Read our full Discover it® Miles review.

BEST BONUSES AMONG NO-ANNUAL-FEE CASH-BACK REWARDS CARDS

EDITOR'S NOTE

The biggest cash-back bonuses on no-annual-fee cards are typically offered with small business credit cards. For example, both the Ink Business Unlimited℠ Credit Card and the Ink Business Cash℠ Credit Card are currently offering $500 bonus cash back once you spend $3,000 on purchases in the first three months you open an account. If you're a traditional small business owner, or even a non-traditional business owner such as a contractor, freelancer, Airbnb operator or rideshare driver, you could qualify for and benefit from a small business credit card. Even if a small business card isn't in your future, cash-back credit cards are often annual-fee-free and many feature simple to understand rewards structures. That means that just about anyone can benefit from a cash-back rewards card and the level of effort on your part is minimal.

The information related to these credit cards has been collected by CardRatings and has not been reviewed or provided by the issuer of these cards.

Discover it® Cash Back

(This card is not currently available on CardRatings)

Why We Like It: Offering cash back in rotating popular everyday categories, this card has the potential to earn you a lot of cash back just for making purchases you'd need to make regardless. Plus, Discover's welcome bonus is unlike any other on the market.

The Welcome 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. So say you earn $300 cash back your first year as a cardholder, you'll actually walk away with $600!

Annual Fee: See Terms

Rewards Rate: Earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum each time you active. Plus, earn unlimited 1% cash back on all other purchases, automatically. Read our full Discover it® Cash Back review.


There are a number of other no-annual-fee cash-back credit cards offering welcome bonuses, but those bonuses often fall a bit lower– typically around $150. These cards often come with other valuable perks though, such a cell phone protection or an intro 0% APR period, which make them worthy options to consider. Some notable mentions include:

    • Wells Fargo Cash Wise Visa® card (This card is not currently available on CardRatings): Offers a $150 cash rewards bonus after spending $500 in the first three months; unlimited 1.5% cash rewards on purchases and 1.8% cash rewards on qualified digital wallet purchases, like Apple Pay® or Google Pay™, during the first 12 months from account opening; and up to $600 protection on your cell phone (subject to a $25 deductible) against covered damage or theft when you pay your monthly bill with your card.
    • Chase Freedom Unlimited®: Offers a $150 bonus after you spend $500 on purchases in your first three months; unlimited 1.5% cash back on all purchases; and 0% intro APR for 15 months from account opening on purchases (then 14.99 - 23.74% Variable).
    • Chase Freedom®: Offers $150 after you spend $500 on purchases in your first three months; 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you active and unlimited 1% cash back on all other purchases; and 0% intro APR for 15 months on purchases and balance transfers (then 16.49% - 25.24% Variable). The information related to this credit card has been collected by CardRatings and has not been reviewed or provided by the issuer of this card.
    • Blue Cash Everyday® Card from American Express: Earn a $150 statement credit after you spend $1,000 in purchases within the first three months; 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%), 2% back at U.S. gas stations and at select U.S. department stores, and 1% back on all other purchases; and 0% intro APR for 15 months on purchases (then 12.99% - 23.99% Variable). American Express is a CardRatings advertiser. See Rates and Fees.
    • U.S. Bank Cash+™ Visa Signature® Card: Offers a $150 bonus after spending $500 in eligible net purchases within the first 90 days of opening an account; earn 5% cash back on your first $2,000 in combined eligible net purchases ($100 per quarter) on two categories you choose, 2% cash back on your choice of one everyday category like gas stations or grocery stores, and 1% back on all other eligible net purchases; and 0% intro APR on balance transfers for 12 billing cycles (then 13.99% - 23.99%* Variable).
    • American Express Cash Magnet® Card: Earn a $150 statement credit after you spend $1,000 or more in purchases within the first three months; unlimited 1.5% cash back on your purchases; 0% intro APR for 15 months on purchases (then 12.99% - 23.99% Variable); and 0% introductory plan fee for plans set up during your first 15 months of card membership with Plan It®, a feature that lets you split up big payments with a fixed fee. See Rates and Fees.

BEST BONUSES AMONG CASH-BACK REWARDS CARDS

Blue Cash Preferred® Card from American Express

(This card is not currently available on CardRatings)

Why We Like It: This card offers a whopping 6% cash back in popular categories! That's a lot of cash back in your pocket. Plus, the welcome bonus is nice too: Earn a $250 statement credit after you spend $1,000 in three months.

The Welcome Offer: Earn a $250 statement credit after you spend $1,000 in purchases within the first three months. Plus, enjoy 0% intro APR for 12 months on purchases (then 12.99% - 23.99% Variable).

Annual Fee: $95

Rewards Rate: Earn 6% cash back on select U.S. streaming subscriptions; 6% at U.S. supermarkets on up to $6,000 per year in purchases (then 1%); 3% back on transit including taxis/rideshares, parking, tolls, trains, buses and more; 3% at U.S. gas stations; and 1% on all other purchases. Read our full review of the Blue Cash Preferred® Card from American Express.

BEST BONUSES AMONG LOYALTY PROGRAM CARDS

Travel loyalty programs, that is hotel and airline rewards programs, often have their own branded credit cards, and those cards often come with eye-popping signup bonus opportunities. The catch, of course, is that you need to be a frequent guest of these particular airlines or hotel chains to take full advantage of all the benefits and rewards offered by these cards. Sometimes, these cards are excellent second cards to have around in addition to a more general travel rewards card.

HOTEL REWARDS CREDIT CARD BONUSES

Marriott Bonvoy Boundless™ Credit Card

Why We Like It: New Marriott Bonvoy Boundless™ Credit Card members can earn 75,000 bonus points once spending $3,000 within the first three months of opening an account. Points can be redeemed for stays at more than 7,000 participating Marriott Bonvoy hotels around the world.

The Welcome Offer: Earn 75,000 bonus points after spending $3,000 within your first three months as a cardholder.

Annual Fee: $95

Rewards Rate:  Earn six points for every dollar you spend at over 7,000 participating Marriott Bonvoy hotels and two points on everything else.

Hilton Honors American Express Surpass® Card

Why We Like It: This is a hotel rewards card that offers you bonus points for everyday purchases as well as some complimentary airport lounge access. And then there's that impressive welcome offer...

The Welcome Offer: Earn 125,000 bonus points after you spend $2,000 in the first three months. Plus, you'll receive a weekend night stay reward after you spend at least $15,000 on the card in a calendar year, a feature that should more than offset your annual fee.

Annual Fee: $95

Rewards Rate: Earn 12 points per $1 spent directly with Hilton portfolio hotels and resorts; earn six points per $1 spent at U.S. restaurants, U.S. gas stations and U.S. supermarkets; and earn three points per $1 spent on your other purchases. Read our full Hilton Honors American Express Surpass® Card review.

AIRLINE REWARDS CREDIT CARD BONUSES

BEST BONUSES AMONG NO-ANNUAL-FEE BUSINESS CARDS

Ink Business Unlimited℠ Credit Card

(This card is not currently available on CardRatings)

Why We Like It: This cards screams simplicity— which let's be honest, we can all use when it comes to our business needs— with unlimited 1.5% cash back on every purchase made.

The Welcome Offer: Enjoy a $500 cash-back bonus after you spend $3,000 within the first three months as a cardholder. You can also take advantage of introductory 0% APR on purchases for the first 12 months (then, 14.74% - 20.74% Variable).

Annual Fee: $0

Rewards Rate: Earn unlimited 1.5% back on all purchases. Read our full Ink Business Unlimited℠ Credit Card review.

The information related to this credit card has been collected by CardRatings and has not been reviewed or provided by the issuer of this card.

Ink Business Cash℠ Credit Card

(This card is not currently available on CardRatings)

Why We Like It: Small business credit cards are supposed to make your life easier as a business owner – but there's certainly no harm in them also positively impacting your bottom line as well.

The Welcome Offer: Earn a $500 cash-back bonus after you spend $3,000 within the first three months as a cardholder. Additionally, you can take advantage of an introductory 0% APR on purchases for the first 12 months (then, 14.74% - 20.74% Variable).

Annual Fee: $0

Rewards Rate: Earn 5% cash back on the first $25,000 you spend each account anniversary year combined at office supply stores and on cellular phone, landline, internet and cable TV services. Earn 2% back on the first $25,000 combined spending each account year on gas station and restaurant purchases. Earn an unlimited 1% back on everything else. Read our full Ink Business Cash℠ Credit Card review.

The information related to this credit card has been collected by CardRatings and has not been reviewed or provided by the issuer of this card.

Discover it® Business Card

(This card is not currently available on CardRatings)

Why We Like It: How does a $700 welcome bonus sound for a card that has no annual fee? With this card, it's possible. Thanks to Discover's Cashback Match™, you can get an unlimited dollar-for-dollar match on all the cash back you earn at the end of your first year, automatically, and there's no limit to the amount Discover will match. So you could turn $350 cash back into $700 with ease.

The Welcome Offer: Earn a dollar-for-dollar match on all the cash back you earn at the end of your first year.

Annual Fee: See Terms

Rewards Rate: Earn 1.5% cash back on every dollar spent on all purchases. Read our full Discover it® Business Card review.

BEST BONUSES AMONG BUSINESS CARDS

CitiBusiness® / AAdvantage® Platinum Select® Mastercard®

Why We Like It: This is an airline-branded business card and, given the sweet perks and features, any regular business traveler on American Airlines should take notice.

The Welcome Offer: Earn 65,000 American Airlines AAdvantage® bonus miles after spending $4,000 in purchases within the first 4 months of account opening.

Annual Fee: $99, waived for first 12 months

Rewards Rate: Earn two miles per $1 spent on American Airlines purchases as well as one telecommunications purchases, at car rental merchants and at gas stations. You'll earn one mile per $1 on everything else. Read our full CitiBusiness® / AAdvantage® Platinum Select® Mastercard® review

Citi® / AAdvantage® Executive World Elite Mastercard®

Why We Like It: If your loyalty is with American Airlines, this is a solid choice to consider. In additional to a nice welcome bonus, this card offers Admirals Club® membership for you and access for up to two guests or immediate family members traveling with you; no foreign transaction fees; 10,000 AAdvantage® Elite Qualifying Miles (EQMs) after you spend $40,000 in a year; and first checked bag free on domestic American Airlines itineraries for you and up to eight companions traveling with you on the same reservation. Citi is a CardRatings advertiser.

The Welcome Offer: Earn 50,000 American Airlines AAdvantage® bonus miles after spending $5,000 within three months of opening an account.

Annual Fee: $450

Rewards Rate: Earn two AAdvantage® miles for every dollar spent on eligible American Airlines purchases and one mile for every dollar spent on all other purchases. Read our full Citi® / AAdvantage® Executive World Elite Mastercard® review.

Ink Business Preferred® Credit Card

(This card is not currently available on CardRatings)

Why We Like It: In addition to the generous rewards structure, business owners are sure to appreciate the included cell phone insurance that provides up to $600 per claim in cell phone protection against covered theft or damage for all phones listed on the monthly cell phone bill that's paid with the card.

The Welcome Offer: Earn 100,000 bonus points after you spend $15,000 within three months of opening an account.

Annual Fee: $95

Rewards Rate: Earn three points per dollar on the first $150,000 spent annually in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines. Earn one point per dollar on all other purchases with no limit to the amount you can earn. Read our full Ink Business Preferred® Credit Card review.

The information related to this credit card has been collected by CardRatings and has not been reviewed or provided by the issuer of this card.

The Business Platinum Card® from American Express

(This card is not currently available on CardRatings)

Why We Like It: The annual fee is substantial, but if you travel enough to offset it, you'll be rolling in perks and rewards.

The Welcome Offer: Earn 75,000 Membership Rewards® points after you spend $15,000 on qualifying purchases within your first three months of card membership. Plus, get 50% more points (that's an extra half point per dollar) on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.

Annual Fee: $595

Rewards Rate: Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com. Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline and you can get 35% of the points back, up to 500,000 bonus points per calendar year when you book on amextravel.com. Read our full The Business Platinum Card® from American Express review to learn more.

The Hilton Honors American Express Business Card

Why We Like It: Besides the healthy welcome offer, this card offers solid bonus points on your hotel stays as well as on some common business and travel purchases. Plus, what business traveler wouldn't appreciate 10 complimentary airport lounge visits each year?

The Welcome Offer: Earn 125,000 bonus points after you spend $3,000 in the first three months.

Annual Fee: $95

Rewards Rate: Earn 12 points per $1 spent directly with Hilton portfolio hotels and resorts; earn six points per $1 spent on select business and travel purchases; and earn three points per $1 spent on everything else. Read our full The Hilton Honors American Express Business Card review.

Marriott Bonvoy Business™ American Express® Card

(This card is not currently available on CardRatings)

Why We Like It: Who doesn't like a free hotel stay? With this card receive one Free Night Award every year after your card account anniversary. Plus, earn an additional Free Night Award after you spend $60,000 in purchases on your card in a calendar year. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy points) at a participating hotel. Certain hotels have resort fees.

The Welcome Offer: Earn 75,000 bonus Marriott Bonvoy points after you use your new card to make $3,000 in purchases within the first three months.

Annual Fee: $125

Rewards Rate:  Earn six points on purchases made at participating Marriott Bonvoy hotels, four points at U.S. restaurants and gas stations, and on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping, and two points on all other eligible purchases. 

Southwest Rapid Rewards® Premier Business Credit Card

(This card is not currently available on CardRatings)

Why We Like It: With this card, your bonus points don't end with the welcome bonus - each year after your card member anniversary you'll receive 6,000 bonus points.

The Welcome Offer: Earn 60,000 points after you spend $3,000 on purchases in the first three months your account is open.

Annual Fee: $99

Rewards Rate:  Earn two points per dollar spent on Southwest® and Rapid Rewards® hotel and car rental partner purchases, and one point per dollar spent on everything else.

The information related to this credit card has been collected by CardRatings and has not been reviewed or provided by the issuer of this card.

HOW TO EARN A CREDIT CARD BONUS

At the surface, earning a signup bonus is pretty straightforward: Spend X number of dollars before the deadline and see your reward roll in.

But what if spending $3,000 or more dollars in a three-month time span isn't in your typical budget? Should you just give up on earning the bonus? Worse, should you go into debt just to earn it? Even if the that spending is in your budget, what do you need to think about?

Before you give up on earning a bonus or start spending wildly just to earn it, consider our tips below.

1. Before applying for a card, consider your spending plans for the next several months. If you really want a spending bonus, applying for a card right before you plan to go on a "spend as little money as I can" diet for a few months is not a good idea. Take a look several months out and make sure that you aren't anticipating any sort of major events or circumstances that would require you to drastically reduce the spending you'll be able to do on a credit card. For example, if you're in "save up to buy a car" mode, now might not be the right time (However, be sure and check out the best credit cards for gas rewards once you're in your new ride).

2. Think about your expenses in bulk. Most people have at least a few regular big-ticket expenses that they pay on a few times a year or maybe even monthly. If you can swing it, consider paying a full year of your car, renters or home insurance on your card. Or perhaps you can pay for an annual subscription to your favorite streaming service or wholesale club rather than paying monthly. Do you or your kids have a tuition bill coming up? Pay for it with your card. Depending on the bill, one payment might be enough to meet your bonus spending threshold, or consider combining several of these to meet the mark.

3. Make a contribution to a favorite charity. These days, many charities offer the opportunity to make contributions via your credit card. Perhaps now is the time for you to give. Remember, it does cost charities (and every merchant) a percentage to accept credit cards; if you're giving to a charity with your card, consider upping the amount you give by a few percentage points to cover that processing cost.

4. Don't, we repeat, DON'T go into debt. The fastest way to make a credit card bonus decrease in value is to pay interest on the amount you spent just trying to earn the bonus. If you can't pay for what you're putting on the card, no amount of rewards or bonuses is going to be worth it. Ensure whatever you're spending on the way to earning that bonus is something you can pay off each billing cycle (or is covered by an intro 0% APR period, in which case ensure you can pay off the charges before that intro period ends).


To see the rates and fees for the American Express cards featured in this post, please visit the following links: Marriott Bonvoy Business™ American Express® Card (See Rates and Fees); Blue Cash Everyday® Card from American Express (See Rates and Fees); American Express Cash Magnet® Card (See Rates and Fees); Blue Cash Preferred® Card from American Express (See Rates and Fees); The Business Platinum Card® from American Express (See Rates and Fees); Hilton Honors American Express Surpass® Card (See Rates and Fees); The Hilton Honors American Express Business Card (See Rates and Fees);

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