August 17, 2022

Best Credit Card Deals and Bonuses This Week: February 7, 2022

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Best Credit Card Deals and Bonuses This Week: February 7, 2022

This post contains links to products from our advertisers, and we may be compensated when you click on these links. Our recommendations and advice are ours alone, and have not been reviewed by any issuers listed. Terms apply to offers listed on this page. Read our editorial standards.

Now that travel restrictions are starting to lift, it’s a good time to consider opening a new credit card to earn rewards you can use for flights and hotels this year. Almost every major credit card issuer has recently launched huge offers and even brand-new cards, including some with record-high welcome bonuses of 100,000 points or more — but many are for a limited time.

These include an excellent offer on The Platinum Card® from American Express to earn 100,000 Membership Rewards points after you spend $6,000 in your first 6 months of card membership.

Amex raised the annual fee to $695 (See Rates), but also added numerous new benefits that can more than offset the fee bump — including the recent addition of statement credits for Walmart+ membership** and SoulCycle at-home bike purchases. Be sure to check out the new Amex Platinum card designs now available to new and existing cardholders.

The Business Platinum Card® from American Express recently got a refresh, too, adding an elevated welcome bonus of 120,000 Membership Rewards® points after spending $15,000 on eligible purchases with your card within the first 3 months of card membership and new or improved statement credits for wireless, Indeed, Adobe, and Dell purchases.

Read more: Guide to the best current credit card offers

If you have a lot of travel coming up in the next 12 months with a friend or family member, the new offers to earn a promotional Southwest Companion Pass and 30,000 points after meeting minimum spending requirements on the Southwest Rapid Rewards® Plus Credit Card, Southwest Rapid Rewards® Premier Credit Card, and Southwest Rapid Rewards® Priority Credit Card are a great deal. The Companion Pass you’ll receive with this offer is valid through February 28, 2023, so if you apply now you can get nearly 2-for-1 travel for up to a year.

Marriott travelers have another reason to consider the Marriott Bonvoy Boundless® Credit Card, which just got a minor overhaul. In addition to a new welcome bonus of 100,000 bonus points after you spend $3,000 on purchases in your first 3 months from your account opening, the Bonvoy Boundless card has added more bonus categories and the ability to earn one elite night credit for every $5,000 in spending.

Other improved offers available right now include an elevated bonus on the Marriott Bonvoy Bold® Credit Card, record-high welcome bonuses on three Hilton credit cards, new offers on the Blue Cash Preferred® Card from American Express and Blue Cash Everyday® Card from American Express, and rarely seen welcome bonuses on the American Express Blue Business Cash™ Card and The Blue Business® Plus Credit Card from American Express.

With new offers constantly launching, you’ve got an excellent opportunity to take advantage of an increased credit card bonus now, so you’re set up with points you can use for travel when you’re ready to hit the road again.

Here are some of the best credit card offers to consider this week.

Best credit card offers this week

Flexible rewards credit card bonuses


Regular APR


See Pay Over Time APR


Recommended Credit Score


Excellent


Regular APR


See Pay Over Time APR


Recommended Credit Score


Excellent

Pros

  • Long list of travel benefits, including airport lounge access and complimentary elite status with Hilton and Marriott (enrollment required)
  • Annual statement credits with Saks and Uber

Cons

  • Bonus categories leave something to be desired
  • One of the highest annual fees among premium travel cards

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More Information

  • Earn 100,000 Membership Rewards® points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
  • Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
  • $200 Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®.
  • $240 Digital Entertainment Credit: Get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card® at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, and The New York Times. Enrollment required.
  • $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax.
  • American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. There are even more places your Platinum Card® can get you complimentary entry and exclusive perks.
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline.
  • $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only.
  • $300 Equinox Credit: Get up to $25 back each month on eligible Equinox memberships when you pay with your Platinum Card®. Enrollment required.
  • $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
  • $695 annual fee.
  • Terms Apply.

Transferable credit card points are best if you value flexibility because there are so many ways to redeem them. With programs like American Express Membership Rewards, Chase Ultimate Rewards, Citi ThankYou Rewards, and Capital One Rewards, you’ve got options that include:

Our favorite under-the-radar card is the Citi Premier® Card. It offers excellent earnings in categories that fit well whether you’re sticking close to home or on the road — 3x points on air travel, gas stations, restaurants, supermarkets, and hotels, and 1 point per dollar on everything else. 

The Capital One Venture X Rewards Credit Card is making waves with its huge welcome bonus and generous benefits. Although it’s a premium card, the annual fee of $395 is reasonable compared to similar cards like the Chase Sapphire Reserve®, and you’ll receive perks like airport lounge access and travel statement credits that can offset the cost.  

If that’s still a bit steep for your liking, the card’s less-expensive sibling — the Capital One Venture Rewards Credit Card — is still one of our favorite cards and one of the best travel rewards cards for beginners.

Another excellent deal is one of the best cards with premium travel and shopping benefits, The Platinum Card® from American Express. You can currently earn 100,000 Membership Rewards points after you spend $6,000 in your first 6 months of card membership — here’s our Amex Platinum card review for all the details.

Read more: Amex and Chase points are the two most valuable types of credit card rewards — here are their biggest differences

Small-business credit card bonuses


Regular APR


15.99%–20.99% variable APR


Recommended Credit Score


Good to Excellent


Regular APR


15.99%–20.99% variable APR


Recommended Credit Score


Good to Excellent

More Information

  • Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s $1,000 cash back or $1,250 toward travel when redeemed 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 Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information
  • Redeem points for cash back, gift cards, travel and more – your points don’t expire as long as your account is open
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
  • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.

If you’re a small-business owner, opening a small-business credit card can offer a lot of benefits. Keeping your business and personal expenses separate makes it easier to keep track of expenses, and many cards offer bonus points, miles, or cash back in popular business spending categories.

Read more: Guide to the best small-business credit cards

You don’t have to own a full-time business or make millions to be eligible to apply — even if you’re a freelancer or have a side gig, you could qualify for a small-business card. The Business Platinum Card® from American Express and Ink Business Preferred® Credit Card are both offering six-figure bonuses after meeting minimum spending requirements, and, depending on how you redeem them, you could get a value of $1,800 or more from these offers.

If you prefer cash back, be sure to look at the new elevated offer on the Spark 2% Cash Plus — it’s worth up to $3,000, but you’ll need to meet a hefty minimum spending requirement.

Cash-back credit card bonuses


Annual Fee


$0 intro for the first year, then $95


Regular APR


13.99% to 23.99% variable APR


Annual Fee


$0 intro for the first year, then $95


Regular APR


13.99% to 23.99% variable APR

Pros

  • Generous bonus rewards, especially at U.S. supermarkets
  • One of a small handful of credit cards that offer bonus rewards on select streaming services
  • Intro APR offer

Cons

  • Unlike many other cash-back cards, it charges an annual fee
  • If you spend more than $6,000 at US supermarkets each year, you’ll want to use another card once you reach that cap

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More Information

  • Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.


Intro APR


0% intro APR on purchases for 12 months from account opening

Our top pick for the best cash-back credit card overall, the Citi® Double Cash Card, doesn’t currently offer a welcome bonus. And other excellent options, like the Chase Freedom Flex℠, Chase Freedom Unlimited®, and the Citi Custom Cash℠ Card, aren’t exclusively cash-back cards (though they’re marketed that way).

Read more: Guide to the best cash-back credit cards

Right now, the Blue Cash Preferred® Card from American Express has an elevated welcome bonus that can help you offset some of your holiday expenses. New cardholders can earn a $300 statement credit after spending $3,000 in purchases on your new card within the first 6 months. 

You’ll also earn 6% cash back on your first $6,000 in U.S. supermarket spending each year (then 1% back), 6% cash back on select U.S.


streaming

services, 3% back on U.S. gas stations and transit, and 1% back on all other eligible purchases (cash back is earned in the form of Rewards Dollars). 

Airline credit card bonuses


Regular APR


15.99% – 22.99% Variable


Recommended Credit Score


Good to Excellent


Regular APR


15.99% – 22.99% Variable


Recommended Credit Score


Good to Excellent

More Information

  • Limited-time offer: earn Companion Pass® through 2/28/23 plus 30,000 points after you spend $5,000 on purchases in the first 3 months.
  • With Companion Pass®, every time you fly, your friend can too.
  • 6,000 anniversary points each year.
  • New! Earn 3X points on Southwest® purchases.
  • New! Earn 2X points on local transit and commuting, including rideshare.
  • New! Earn 2X points on internet, cable, phone services, and select streaming.
  • New! 2 EarlyBird Check-In® each year.
  • Earn 1 point for every $1 spent on all other purchases.

Fans of Southwest Airlines who can make use of a promotional Companion Pass through February 28, 2023, should look at the new limited-time offers on three Southwest personal credit cards. The Southwest Rapid Rewards® Plus Credit Card, Southwest Rapid Rewards® Premier Credit Card, and Southwest Rapid Rewards® Priority Credit Card are offering Companion Pass® through 2/28/23 plus 30,000 points after you spend $5,000 on purchases in the first 3 months.

When you have the Southwest Companion Pass, a friend or family member can fly with you on paid and award flights for just the cost of taxes and fees — and you can use this benefit as many times as you want while your Companion Pass is valid.

Read more: How to use the Southwest Companion Pass

If you’re looking to stock up on United miles, be sure to look at the record-high offer on the United℠ Business Card. You can earn 75,000 bonus miles after spending $5,000 on purchases in the first 3 months from account opening and an additional 75,000 miles after spending $20,000 total in the first 6 months, and the annual fee is a reasonable $99.

The new Aeroplan® Credit Card isn’t just for Air Canada flyers — along with a hefty welcome bonus, it comes with great bonus categories, spending bonuses, and will soon offer the unique ability to redeem up to 50,000 Aeroplan points per year at a rate of 1.25 cents apiece toward any travel purchase through Chase Pay Yourself Back.

Read more: Guide to the best airline credit cards

Hotel credit card bonuses


Regular APR


15.99% – 22.99% Variable


Recommended Credit Score


Good to Excellent


Regular APR


15.99% – 22.99% Variable


Recommended Credit Score


Good to Excellent

Pros

  • Annual free night reward for hotels that cost up to 35,000 points can be worth more than annual fee

Cons

  • The only lucrative bonus category is participating Marriott Bonvoy hotels
  • Upgrading to Gold status requires spending $35,000 on the card in an account year,

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More Information

  • For a Limited Time Only! Earn 100,000 Bonus Points
  • New Benefit! Earn 3X Bonvoy points per $1 on the first $6,000 spent in combined purchases each year on grocery stores, gas stations, and dining.
  • New Benefit! Earn 1 Elite Night Credit towards Elite Status for every $5,000 you spend.
  • 1 Free Night Award (valued up to 35,000 points) every year after account anniversary.
  • Earn up to 17X total Bonvoy points per $1 spent at over 7,000 hotels participating in Marriott Bonvoy® with the Marriott Bonvoy Boundless® Card.
  • 2X Bonvoy points for every $1 spent on all other purchases.
  • Receive 15 Elite Night Credits annually, automatic Silver Elite Status each account anniversary year, and path to Gold Status when you spend $35,000 on purchases each calendar year.
  • No foreign transaction fees.

Both the Marriott Bonvoy Boundless® Credit Card and Marriott Bonvoy Bold® Credit Card are offering elevated welcome bonuses, so it’s a good time to look at boosting your Marriott points balance if you’re planning future travel.

The Hilton cards are back with new increased bonuses — including the Hilton Honors American Express Card, Hilton Honors American Express Surpass® Card, and The Hilton Honors American Express Business Card. We’ve never seen such generous offers before, so if you’re looking to stock up on Hilton points and free night certificates, now is a great time to apply.

Read more: I just opened the Hilton Honors American Express Business card, and it will single-handedly give me a luxury $8,000 Maldives resort stay

Even if you’re not an IHG Rewards Club loyalist, the new elevated offer on the IHG® Rewards Club Premier Credit Card is worth a look — especially considering the positive changes to the IHG cards coming in March 2022. Along with an excellent welcome bonus, the card comes with a free night certificate worth up to 40,000 points on every card anniversary that can more than make up for the $89 annual fee.

The World of Hyatt Business Credit Card is a brand-new product that’s ideal for small-business owners who like staying with Hyatt. In addition to a hefty welcome bonus, it comes with up to $100 in annual Hyatt credits, automatic elite status (which you can gift to up to five other people), a 10% points rebate on redemptions when you meet a spending requirement, and elite night credits for reaching spending thresholds.

Keep in mind that most hotel chains, including Marriott and Hilton, have temporarily paused points expiration due to the pandemic, so there’s no harm in earning points now for a vacation down the road. Additionally, Hilton permanently extended its points expiration window to 24 months (from 15 months).

Featured credit cards from our partners

Regular APR

15.99%-22.99% Variable

Credit Score

Good to Excellent

Regular APR

15.99% – 22.99% Variable

Credit Score

Good to Excellent

Regular APR

14.99% – 23.74% Variable APR

Credit Score

Good to Excellent