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This page includes analysis of our favorite cards from The Simple Dollar’s advertisers and the marketplace. Visit our advertiser disclosure to learn more.

Signup bonuses aren’t the only thing you should consider when choosing a credit card, but they are a great way to earn lucrative rewards fast — as long as you find one with a spending requirement that fits your budget, that is. We rounded up the best offers across all the top categories so you can find the perfect match and sign up in a matter of minutes.

Summary

Best credit card signup bonus offers for 2017

The Simple Dollar’s best credit card signup bonus offers of 2017

Best overall

Chase Sapphire Preferred® Card
Redeem for... Statement credit, airfare, hotels, cruises, and more
Reward details 2X points on travel & dining; 1X on everything else

Signup bonus 50,000 points
Annual Fee $95 (Waived first year)
Highlights Provided by Chase Show 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®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • 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
  • Issuer: Chase
  • Rewards Details: 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide
  • Sign Up Bonus: 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®
  • Annual Fee: Introductory Annual Fee of $0 the first year, then $95
  • Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
  • Cash Advance APR: 25.99% Variable
  • Foreign Transaction Fee: $0
  • Introductory APR: N/A
  • Introductory APR Period: N/A
  • Introductory Balance Transfer APR: N/A
  • Introductory Balance Transfer Period: N/A
  • Ongoing APR: 16.99% - 23.99% Variable
  • Penalty APR: None

Our two cents

Who should get it

The Chase Sapphire Preferred® Card is great if you travel often because it earns solid rewards on travel purchases and dining worldwide without foreign transaction fees. (This card also offers a 1:1 points transfer to 11 of the most popular travel loyalty programs.) Not to mention its 50,000-point signup bonus is worth $625 toward travel when redeemed through Chase Ultimate Rewards® — that’s one of the most valuable bonuses on the market right now.

How to use it
  • Earn 2X points on travel and dining worldwide; 1X points per dollar on all other purchases.
  • Spend $4,000 on purchases within the first three months of opening your account to earn 50,000 bonus points ($625 toward travel when you redeem through Chase Ultimate Rewards®).
  • Transfer your points to 11 leading airline and hotel loyalty programs, or redeem them for travel, cash back, statement credits, gift cards, and more.
  • Pair it with the Chase Freedom® to maximize your earning potential and earn Chase Ultimate Rewards® travel rewards as fast as possible.
Consider this

The Chase Sapphire Preferred® Card has an excellent signup bonus, but unless you’re a serious traveler, it will be difficult to meet the $4,000 spending requirement (in the first three months) and earn the maximum reward on your purchases. The Capital One® Venture® Rewards Credit Card is a solid alternative in this scenario because it earns 2X miles on all purchases, not just travel and dining. Here’s another thing to remember: Its 50,000-mile signup bonus is slightly less valuable (worth $500 toward travel), but its spending requirement is $1,000 less.

Why you'll love it

If you’re a jet-setter, the Chase Sapphire Preferred® Card is one of the most prized travel cards on the market thanks to a high-value signup bonus and discount travel booked through Chase Ultimate Rewards®. You’ll also enjoy its solids rewards for travel and dining worldwide, all with no foreign transaction fees.

Start your application now

Best special offer

Blue Cash Preferred® Card from American Express
See Rates & Fees
Redeem for... Reward dollars that can be redeemed as a statement credit
Reward details 6% at U.S. supermarkets (for the first $6,000, then 1%); 3% at U.S. gas stations and select U.S. department stores; 1% on other purchases (Terms apply)

Signup bonus $200
Annual Fee $95
Highlights Provided by American Express Show Highlights
  • $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) - that means spending $60 a week at U.S. supermarkets could earn over $180 back per year.
  • 3% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 13.99% to 24.99%.
  • Expanding merchant acceptance: Over 1 million more places in the U.S. started accepting American Express® Cards in the last year.
  • $95 annual fee.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • Terms Apply.
  • See Rates & Fees
  • Issuer: American Express
  • Rewards Details: 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). Terms Apply.
  • Annual Fee: $95 See Details
  • Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater.
  • Cash Advance APR: 26.24% Variable
  • Foreign Transaction Fee: 2.7% of each transaction after conversion to US dollars.
  • Introductory APR: 0%
  • Introductory APR Period: 12 months
  • Introductory Balance Transfer APR: 0%
  • Introductory Balance Transfer Period: 12 months
  • Ongoing APR: 13.99% - 24.99% Variable See Rates & Fees
  • Penalty APR: 29.99% Variable

Our two cents

Who should get it

If you find yourself cruising the grocery store multiple times a week, the Blue Cash Preferred® Card from American Express is an excellent choice — it earns incredibly high rewards at U.S. supermarkets. (You’ll also earn high rewards at U.S. gas stations and select U.S. department stores.) Plus, the signup bonus is one of the most easy to attain on the market: $200 statement credit after you spend $1,000 on purchases within the first three months.

How to use it
  • Focus your spending at U.S. supermarkets and earn 6% cash back on up to $6,000 per year in purchases, then 1%.
  • Earn 3% cash back at U.S gas stations and select U.S. department stores, then 1% on everything else.
  • Redeem Rewards Dollars for statement credits, gift cards, and merchandise.
  • Spend $1,000 in purchases within the first three months to get the $200 statement credit that can be applied toward your balance.
Consider this

The Blue Cash Preferred® Card from American Express has some of the highest cash back rewards rates, but it comes at the expense of a $95 annual fee. If you’re new to cash back, the Chase Freedom® offers a competitive 5% cash back on rotating categories, with no annual fee. Its redemption options are also more flexible: In addition to cash back, you can redeem your rewards for travel via Chase Ultimate Rewards®.

Why you'll love it

The Blue Cash Preferred® Card from American Express earns super-high rewards at U.S. supermarkets, U.S. gas stations, and select U.S. department stores — it’s a solid pick for most shoppers. Plus, you’ll receive a $200 statement credit signup bonus if you spend $1,000 on purchases in the first three months.

Start your application now

Best for luxury travelers

The Platinum Card® from American Express
See Rates & Fees
Redeem for... Statement credit, airfare, hotels, cruises, and more
Reward details 5X points for flights and hotels (Terms apply)

Signup bonus 60,000 points
Annual Fee $550
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Up to $200 for Uber rides annually. Credit and Uber VIP status available to Basic Card Member only.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards® points on eligible hotels booked on amextravel.com.
  • As a Platinum Card Member, you can enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Terms Apply.
  • See Rates & Fees
  • Sign Up Bonus: Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Annual Fee: $550 See Details
  • Balance Transfer Fee: N/A*
  • Cash Advance APR: N/A
  • Foreign Transaction Fee: None
  • Introductory APR: See Details
  • Introductory Balance Transfer APR: N/A*
  • Ongoing APR: N/A
  • Penalty APR: N/A

Our two cents

Who should get it

The Platinum Card® from American Express is made for luxury focused travelers. It offers exceptionally high rewards rates on airfare and hotels (as long as you book flights directly with airlines or American Express, and eligible hotels booked on amextravel.com), plus several excellent perks, including a $200 airline credit fee, another annual $200 Uber credit, and access to Amex Centurion lounges across the globe.

How to use it
  • Earn 5X Membership Rewards® points on flights booked directly with airlines or American Express; eligible hotels booked on amextravel.com.
  • Use it to access and enjoy over 1,000 proprietary airport lounges around the world — including the luxurious Amex Centurion lounges.
  • Redeem Membership Rewards® points for airfare, hotels, gift cards, merchandise, and more.
  • Enjoy complimentary WiFi access at Boingo locations worldwide.
Consider this

The Platinum Card® from American Express has incredible amenities, but you’ll pay a whopping $550 per year to get them. The Chase Sapphire Preferred® Card is a much more affordable alternative at only $95 per year (and the fee is waived for year one). Plus, it actually has a slightly more valuable signup bonus that’s worth $625 toward travel when redeemed through Chase Ultimate Rewards® compared to the 60,000-point bonus from Amex that’s worth $600 toward travel.

Why you'll love it

The Platinum Card® from American Express comes with some of the most luxurious travel perks out there, including access to esteemed Amex Centurion lounges all over the world. We’re talking about a family room where you can relax in between flights, shower suites, and premium bars. You’ll also receive automatic Hilton Honors Gold status, which will make nights at a Hilton hotel that much more enjoyable — we’re talking about guaranteed discounts on rates, late check outs, and complimentary WiFi access.

Start your application now

Best hotel card

Starwood Preferred Guest® Credit Card from American Express
See Rates & Fees
Redeem for... Hotel nights, flights, and hotel + air packages
Reward details 2 Starpoints for purchases made at SPG® and Marriott Rewards® properties; 1 Starpoint on everything else. (Terms Apply)

Signup bonus 25,000 points
Annual Fee $95 (Waived first year)
Highlights Provided by American Express Show Highlights
  • Earn 25,000 Starpoints® after you use your new Card to make $3,000 in purchases within the first 3 months.
  • Earn 2 Starpoints® for each dollar of eligible purchases spent at participating SPG® & Marriott Rewards® hotels. Earn 1 Starpoint for all other purchases.
  • No Foreign Transaction Fees on International purchases.
  • Redeem Starpoints® at over 1,300 participating hotels and resorts in over 100 countries and for flights on more than 150 airlines with SPG flights, all with no blackout dates.
  • $0 introductory annual fee for the first year, then $95.
  • Planning a road trip? Rent your car, fill up your tank, book your hotel, and pay for it with your American Express® Card.
  • Terms Apply.
  • See Rates & Fees
  • Issuer: American Express
  • Sign Up Bonus: Earn 25,000 Starpoints® after you use your new Card to make $3,000 in purchases within the first 3 months.
  • Annual Fee: $0 for the first year, then $95 See Details
  • Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater.
  • Cash Advance APR: 26.24% Variable
  • Foreign Transaction Fee: None
  • Introductory APR: N/A
  • Introductory APR Period: N/A
  • Introductory Balance Transfer APR: N/A
  • Introductory Balance Transfer Period: N/A
  • Ongoing APR: 16.24% - 20.24% Variable See Rates & Fees
  • Penalty APR: 29.99% Variable

Our two cents

Who should get it

If you want to earn points for hotel purchases (that you can redeem for hotel nights, flights, and hotel and air packages) as a loyal customer at Starwood Preferred Guest® or Marriott Rewards® hotels, the Starwood Preferred Guest® Credit Card from American Express is for you. And if you’re an SPG® member, you have the chance to earn even more rewards.

How to use it
  • Use this card at participating SPG® & Marriott Rewards® hotels to earn 2 Starpoints® per dollar. (Earn 1 Starpoint for all other purchases.)
  • Spend $3,000 in purchases within the first 3 months to get 25,000 Starpoints®.
  • Redeem Starpoints® for hotels and airfare via SPG flights, all with no blackout dates.
Consider this

The Chase Sapphire Preferred® Card earns 2X points on travel and dining worldwide, not just at participating SPG® and Marriott Rewards® hotels. It also has more flexible redemption options, and you get 25% more value on airfare, hotels, rental cars and cruises when you redeem through Chase Ultimate Rewards®

Why you'll love it

The Starwood Preferred Guest® Credit Card from American Express earns high rewards at SPG® or Marriott Rewards® properties (like Aloft, element, and The Ritz-Carlton) — and SPG® members have the opportunity to earn even more. This card also has an excellent signup bonus: 25,000 Starpoints® if you spend $3,000 on purchases within the first three months, which can be redeemed for two free nights at a category 4 hotel SPG® hotel.

Start your application now

Easy-to-earn signup bonus

Chase Freedom®
Redeem for... Statement credits, gift cards, travel, and Amazon purchases
Reward details 5X points in rotating categories; 1X points on everything else

Signup bonus $150
Annual Fee $0
Highlights Provided by Chase Show Highlights
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter like gas stations, restaurants and drugstores
  • Unlimited 1% cash back on all other purchases - it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee
  • Issuer: Chase
  • Rewards Details: Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter. Unlimited 1% cash back on all other purchases.
  • Sign Up Bonus: Earn a $150 Bonus after spending $500 on purchases in your first 3 months from account opening.
  • Annual Fee: $0
  • Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
  • Cash Advance APR: 25.99% Variable
  • Foreign Transaction Fee: 3% of each transaction in U.S. dollars
  • Introductory APR: 0%
  • Introductory APR Period: 15 months
  • Introductory Balance Transfer APR: 0%
  • Introductory Balance Transfer Period: 15 Months
  • Ongoing APR: 15.99% - 24.74% Variable
  • Penalty APR: None

Our two cents

Who should get it

The Chase Freedom® offers significant rewards potential — if you can maximize certain bonus categories. With the ability to earn 5% on rotating categories, the points you’ll earn will add up quick! Make sure to check out our post on Chase Freedom categories for 2017 for details on this year’s selections.

How to use it
  • Earn 5% cash back on rotating bonus categories (on up to $1,500 each quarter) every quarter and 1% cash back on everything else.
  • Spend $500 on purchases in the first three months to get a $150 bonus.
  • Combine it with the Chase Sapphire Preferred® Card to earn Chase Ultimate Rewards® make the most of all your purchases and earn Chase Ultimate Rewards® as quickly as possible.
Consider this

Huge 5% cash back categories are great, as long as you don’t mind adjusting your spend every quarter. If a flat rate card is more up your alley, the has unlimited 1.5% cash back on all purchases. And to top things off, it’s a great complimentary card to the Chase Sapphire Preferred® Card too!

Why you'll love it

You’ll love the Chase Freedom® because rewards are easy and the card comes without an annual fee. Earn unlimited rewards without paying for the privilege, then cash them in for travel, cash back, gift cards, or merchandise. You can also use your points to pay for purchases on Amazon.com.

Start your application now

Flexible travel rewards

Capital One® Venture® Rewards Credit Card
Redeem for... Hotels, airfare, train tickets, and more
Reward details 2X miles on all purchases

Signup bonus 50,000 miles
Annual Fee $0 intro for first year; $95 after that
Highlights Provided by Capital One Show Highlights
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn unlimited 2X miles per dollar on every purchase, every day
  • Fly any airline, stay at any hotel, anytime
  • Travel when you want with no blackout dates
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $95 after that
  • Get a metal Venture Card when you apply today
  • Issuer: Capital One
  • Rewards Details: 2 Miles per dollar on every purchase, every day. 50000 Miles once you spend $3,000 on purchases within 3 months from account opening.
  • Annual Fee: $0 intro for first year; $95 after that
  • Balance Transfer Fee: $0
  • Cash Advance APR: 23.99% (Variable)
  • Foreign Transaction Fee: None
  • Introductory APR: N/A
  • Introductory APR Period: N/A
  • Introductory Balance Transfer APR: N/A
  • Introductory Balance Transfer Period: N/A
  • Ongoing APR: 13.99% - 23.99% (Variable)
  • Penalty APR: None

Our two cents

Who should get it

The Capital One® Venture® Rewards Credit Card is a mid-range card that’s great if you want to earn miles (2X miles per dollar, to be exact) on all purchases. It’s also a great fit if you’re into spontaneous travel deals because no matter when or how the right deal pops up, you can use the Capital One Purchase Eraser® to redeem miles and receive an account credit for the full or partial cost of your travel purchase.

How to use it
    • Earn a flat, unlimited 2X miles per dollar on all purchases.
    • Get a one-time 50,000 mile bonus after spending at least $3,000 on purchases within the first three months.
    • Redeem miles for airfare and hotels via Orbitz, or cash back.
Consider this

The Capital One® Venture® Rewards Credit Card and the Barclaycard Arrival Plus® World Elite Mastercard® have identical minimum spending requirements for their respective signup bonuses: unlimited 2X miles on all purchases, and $3,000 in the first three months of opening your account.

Why you'll love it

With the Capital One® Venture® Rewards Credit Card, redeeming miles for travel is a breeze. Shop around for the best travel deals, then book with any airline or hotel chain. Since you’re not using miles specific to travel brands, you won’t have to worry about blackout dates or award availability.

Start your application now

Best business card

Ink Business Preferred℠ Credit Card
Redeem for... Statement credit, airfare, hotels, cruises, and more
Reward details 3X points in select categories; 1X points on everything else (Terms apply)

Signup bonus 80,000 points
Annual Fee $95
Highlights Provided by Chase Show 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 in select 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
  • Issuer: Chase
  • Rewards Details: Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.
  • Sign Up Bonus: Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
  • Annual Fee: $95
  • Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
  • Cash Advance APR: 25.99% Variable
  • Foreign Transaction Fee: $0
  • Introductory APR: N/A
  • Introductory APR Period: N/A
  • Introductory Balance Transfer APR: N/A
  • Introductory Balance Transfer Period: N/A
  • Ongoing APR: 16.99% - 21.99% Variable
  • Penalty APR: None

Our two cents

Who should get it

If you run an online business of any kind, check out the Ink Business Preferred℠ Credit Card. You’ll earn 3x points per $1 spent on the first $150,000 on internet, phone, shipping, social media and search engine advertising, and travel. You can also pool your points with those earned through other Chase credit cards for even more rewards over time, which makes this card ideal for existing Chase customers.

How to use it
      • Earn 3X points per dollar on up to $150,000 spend in select categories (then 1X points per dollar) and unlimited 1X points per dollar on everything else.
      • Spend $5,000 or more on purchases in the first three months to earn $1,000 toward travel when redeemed via Chase Ultimate Rewards® — that’s 80,000 bonus points.
      • Redeem points for travel, gift cards, cash back, and more. And remember: Points are worth 25% more when redeemed through Chase Ultimate Rewards®.
      • Outfit your employees with personal cards at no additional cost.
Consider this

While earning 3x points is ideal, it’s important to note that the bonus points only apply to the first $150,000 in combined purchases in select categories each account anniversary year. This card also comes with a $95 annual fee, so plan accordingly.

Why you'll love it

The Ink Business Preferred℠ Credit Card offers a huge signup bonus and diverse points redemption options. Cash in your points for travel through the Chase Ultimate Rewards® portal, and you’ll score a 20 percent discount right away. Or you can transfer points to popular travel partners like Southwest Airlines, British Airways, Hyatt, and Marriott at a 1:1 ratio. As a final option, you can also redeem your points for a statement credit or gift cards.

Start your application now

Flexible cash back business rewards

SimplyCash® Plus Business Credit Card from American Express
See Rates & Fees
Redeem for... Statement credits
Reward details 5% in select categories; 3% on category you choose; 1% on all other purchases (Terms apply)

Signup bonus $400
Annual Fee $0
Highlights Provided by American Express Show Highlights
  • Special Offer: Earn up to $400 cash back
  • Earn a $200 statement credit after you spend $5,000 in qualifying purchases on your Card within the first 6 months of Card Membership.
  • Plus, earn an additional $200 statement credit after you spend an additional $10,000 or more in qualifying purchases on your Card within the first year of Card Membership.
  • No Annual Fee. Plus, more buying power and more cash back. Get cash back on business purchases, even those above your credit limit.
  • 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
  • 3% on the category of your choice from a list of eight and 1% cash back on other purchases.
  • 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% applies thereafter. Cash back received is automatically credited to your statement.
  • Terms and limitations apply
  • See Rates & Fees
  • Issuer: American Express
  • Rewards Details: Earn a $200 statement credit after you spend $5,000 in qualifying purchases on your Card within the first 6 months of Card Membership.
  • Annual Fee: $0 See Details
  • Cash Advance APR: See Rates & Fees
  • Foreign Transaction Fee: 2.7%
  • Introductory APR: 0%
  • Introductory APR Period: 9 months
  • Introductory Balance Transfer APR: See Rates & Fees
  • Introductory Balance Transfer Period: See Rates & Fees
  • Ongoing APR: 13.24% - 20.24% Variable See Rates & Fees
  • Penalty APR: 29.99% Variable

Our two cents

Who should get it

The SimplyCash® Plus Business Credit Card from American Express offers big-time rewards for those who spend a lot of money on business supplies each year. You’ll earn 5% cash back on wireless phone services purchased directly from U.S. service providers and U.S. office supply stores, 3% on a category of your choosing, and 1% on all other purchases.

How to use it
      • Earn 5% cash back on eligible telephone services; 3% cash back on a category of your choice, like U.S. restaurants, U.S. shipping, hotel rooms, and U.S. gas stations. (Both rewards rates apply to the first $50,000 in purchases per calendar year. Afterward it drops to 1%.)
      • Spend $5,000 in qualifying purchases within the first six months of opening the account to get a $200 statement credit.
      • Get an additional $200 statement credit after spending more than $10,000 in qualifying purchases within the first year.
      • Redeem points for statement credits.
Consider this

If you’re a big spender, you should be aware that the 5% and 3% bonus categories only apply to your first $50,000 in category purchases each year. And remember that you can only redeem your points in the form of a statement credit.

Why you'll love it

The SimplyCash® Plus Business Credit Card from American Express makes it easy to rack up rewards through its versatile bonus categories. The fact you can select your own 3% bonus category can also be valuable if your business spending is high in certain areas. And unlike most business credit cards, there’s no an annual fee.

Start your application now

Best credit card signup bonus offers (2017): summed up

How signup offers work

Credit card signup bonuses come in a variety of flavors, including cash back, statement credits (which you can apply to almost any purchase on your card, depending upon the terms and conditions), and travel rewards. But regardless of the type of reward, all signup bonuses work in a similar fashion. Here are a few signup bonus fundamentals you should consider as you choose the one that benefits you the most:
      1. Signup bonuses usually have a minimum spending requirement. The majority of credit card signup bonus offers require that you hit a minimum spending requirement within a fixed amount of time after opening the account (usually three months). For example, the Chase Sapphire Preferred® Card awards 50,000 bonus points to cardholders who spend at least $4,000 within the first three months.
      2. You may have to pay an annual fee. A really generous signup bonus is often indicative of an annual fee — the fee you have to pay each year to maintain your account. These fees range anywhere from around $50 to $450, but they are oftentimes waived for the first year. If you’re considering a card with a fee, make sure to evaluate how paying the annual fee could impact the benefit of your signup bonus.
      3. There may be additional terms and conditions. On top of the minimum spending requirement (and possible fee), you might have to perform other specific tasks to qualify for your signup bonus. For example, certain co-branded hotel loyalty credit cards might require that you sign up for the loyalty program before you can begin to earn your bonus.

How to navigate credit card signup bonuses

Bigger isn’t always better when it comes to credit card signup bonuses. Before you commit to a lucrative offer, there are two rules you should follow to avoid stifling your financial goals in the long run. Don’t get stuck with minimum spending requirement you can’t handle. When you’re comparing cards, forget about the dollar value of the signup bonus. First, focus on the spending requirement to find out which signup bonuses you could actually qualify for. There are a lot of tempting offers on the market, but it’s incredibly important that you don’t sign up for one with a minimum spending requirement that your wallet can’t sustain — or one that pressures you into overspending for the sake of the bonus. Take the Citi Prestige® Card for example. It has a whopping 75,000-point signup bonus that’s worth over $900 — that’s almost $300 more than the Chase Sapphire Preferred® Card’s $625 signup offer. Here’s the kicker: The Citi Prestige® Card also has a massive $7,500 minimum spending requirement within the first three months of opening your account, which is over 50% higher than the Chase Sapphire Preferred® Card ($3,500). Unless you can easily spend $2,500 a month on your card, you won’t qualify for the bonus. Don’t forget about the annual fees. Most cards with enormous signup bonuses offers also have equally enormous annual fees. Let’s think about the Citi Prestige® Card again. It has a $450 annual fee, which is important for two reasons. First, unless you’re a prolific card user already, you might not have that much room in your budget. Secondly, once you’ve paid the fee out of pocket, the card’s generous $900 signup bonus is effectively worth $450.

A few more tips

Do keep your overall credit health in mind. Since opening new credit cards (and closing old ones) can have a negative effect on your credit, it’s important to weigh the pros and cons of either action. In other words, sign up for cards when it’s to your benefit, but stop once you’ve reached a point where your credit score might feel a negative impact. Do pay your bill in full every month to avoid paying interest. Paying interest on your purchases while simultaneously pursuing rewards is never a good idea. If you expect you’ll need to carry a balance, you should nix the idea of trying to earn a signup bonus altogether and opt for a low-interest credit card instead. Do use your credit card as part of a comprehensive financial plan. Without a plan, a new credit card could wreak havoc on your finances. Before you sign up for a new credit card, you should put a plan in place to make sure your new line of credit is working in your favor. Do pursue signup bonuses with a strategy in mind. A hefty signup bonus won’t do you much good if you don’t know how to use it. Before you pick one bonus over another, make sure to explore each loyalty program so you know what your points will be worth. These posts can help: Don’t open too many cards just for the signup bonus. As we’ve written before, getting a new card will result in a hard inquiry with at least one of the three credit reporting agencies. While one hard inquiry might have minimum impact on your credit score, having several could cause your score to tumble substantially. So while you may earn more rewards by signing up for a handful of offers at once, you could potentially hurt your credit. For example, if you don’t normally spend $3,000 on regular bills and expenses during a three-month period, what makes you think you can do it safely to earn a signup bonus? If the minimum spending requirement on a card puts it out of your comfort zone, you’ll be better off if you opt out instead of signing up. Don’t carry a balance or pay interest. For some people, credit cards are a tool of mass destruction. And no matter how hard they try not to, they always manage to rack up a credit card balance that is bigger than they anticipated. If you’re one of those people – or if you just plan to carry a balance in general – you’ll be a lot better off if you steer clear of rewards cards and opt for a card with no annual fee or the lowest interest rate possible instead. Don’t use rewards as an excuse to overspend. If you’re someone who tends to get carried away with credit, it’s easy to see a shiny, new credit line as an excuse to overspend. You’re not doing yourself any favors if you go this route, however. By overspending to earn more rewards, you’re actually putting yourself in a worse financial position than where you started.

Pro tip

The best way to avoid losing control of your credit card spending is to live by a budget. Don’t spend more money than you have, else you risk maintaining a balance and incurring interest payments. Here’s another plus: Evaluating your budget is a great way to hone in on previous spending habits and determine which signup bonuses you could actually qualify for. Take a look at our guide to choosing the right type of budgeting system for your lifestyle and income for more information.

The bottom line

Credit cards can be a valuable tool if used wisely, and signup bonus offers can be extremely lucrative if pursued with a thoughtful strategy in mind. However, it’s important to fully understand how these offers work if you truly want to maximize them. The most important thing to remember is to use credit cards to your advantage, but don’t let them use you. If you find yourself spending more just to get a bonus, or worse, getting into debt, you’ll probably be better off avoiding credit cards and signup bonus offers altogether.

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