August 11, 2022

Best Credit Card Deals and Bonuses This Week: July 25, 2022

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Best Credit Card Deals and Bonuses This Week: July 25, 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.

Whether you’re looking to earn cash back on your spending to offset expenses or you’re planning a trip, now’s a great time to open a new rewards credit card. 

Chase, American Express, and Citi are currently offering elevated bonuses, and there are dozens of other lucrative offers available. These include increased bonuses and even brand-new cards from major card issuers.

Many of these credit cards are offering record-high welcome bonuses of 100,000 points or more — but some are only available for a limited time.

Credit card news this week


Regular APR


16.49% – 25.24% Variable


Recommended Credit Score


Good to Excellent


Regular APR


16.49% – 25.24% Variable


Recommended Credit Score


Good to Excellent

Pros

  • Earn 5% cash back on Instacart purchases
  • New cardholders get statement credit for Instacart purchases, with no minimum spending requirement
  • No annual fee
  • Strong 2% cash-back categories including restaurants, gas, and select streaming services
  • No foreign transaction fees

Cons

  • Not the most rewarding card for grocery purchases if you don’t use Instacart
  • 5% cash back on Chase Travel might not be valuable depending on where you usually book travel

More Information

  • Limited-time offer: The first 10,000 to get the card before 8/4/22 will get a $200 Instacart credit plus 1 free year of Instacart+, after that the offer will change to a $100 Instacart credit plus 1 free year of Instacart+. Membership auto-renews. Terms apply.
  • Earn 5% cash back on Instacart app and Instacart.com purchases
  • Earn 5% cash back on travel purchased through the Chase Travel Center, including flights, hotels and more
  • Earn 2% cash back at restaurants, gas stations and on select streaming services
  • Earn 1% cash back on all other purchases
  • No annual card fee


Regular APR


17.24% – 26.24% Variable


Recommended Credit Score


Good to Excellent


Regular APR


17.24% – 26.24% Variable


Recommended Credit Score


Good to Excellent

Pros

  • Comes with a free night reward every year after your card renewal month
  • Earns 4x points on several bonus spending categories, including U.S. purchases for shipping and restaurants worldwide
  • Complimentary Marriott Bonvoy Gold elite status

Cons

  • Not the best option for earning rewards on non-bonus category purchases
  • $125 annual fee may not be worth it for less frequent Marriott guests

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More Information

  • Limited Time Offer: Earn 125,000 Marriott Bonvoy Bonus Points after spending $5,000 in purchases on your new Card in your first 3 months of Card Membership. Offer expires 8/31/22.
  • 6x points at hotels participating in the Marriott Bonvoy™ program.
  • 4x points for purchases made at restaurants worldwide, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping.
  • 2x points on all other eligible purchases.
  • Receive a 7% discount off standard rates for reservations of standard guest rooms at hotels that participate in the Marriott Bonvoy program when you book directly. Terms and Conditions Apply.
  • Receive 1 Free Night Award every year after your Card renewal month. Plus, earn an additional Free Night Award after you spend $60K 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.
  • Enjoy Complimentary Marriott Bonvoy Gold Elite Status with your Card.
  • Terms apply.

The long-awaited Instacart Mastercard® was finally unveiled last week, and it’s an interesting option if you’re a frequent Instacart customer looking for a no-annual-fee card to earn rewards on your spending. The welcome bonus offer is unusual: The first 10,000 cardholders approved before 8/4/22 will get a $200 Instacart gift card, plus one free year of Instacart+ membership (those approved after the first 10,000 receive $100 and one free year of Instacart+).

Cardholders can earn 5% cash back on Instacart purchases and on travel booked through the Chase Travel Center, 2% back at gas stations, restaurants, and on select streaming services, and 1% back on all other purchases. Here’s a closer look at the Instacart Mastercard with all the details.

There was also good news for Marriott fans: Amex rolled out positive changes to the Marriott Bonvoy Business® American Express® Card, including an elevated welcome offer of 125,000 bonus points after spending $5,000 in purchases on your card in the first 3 months of card membership (offer expires 8/31/22). New benefits include a 7% discount on standard room rates at Marriott Bonvoy hotels, automatic Gold elite status, and 4x points at restaurants worldwide. You can find out more in our roundup of the Marriott Bonvoy Business card changes.

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

Flexible rewards credit card bonuses


Regular APR


17.49% – 25.49% Variable


Recommended Credit Score


Good to Excellent


Regular APR


17.49% – 25.49% Variable


Recommended Credit Score


Good to Excellent

More Information

  • For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases
  • Annual Hotel Savings Benefit
  • 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • No Foreign Transaction Fees on purchases

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:

  • Transferring points to airline and hotel partners
  • Redeeming points directly for travel at a fixed rate
  • Turning points into cash back or statement credits
  • Cashing in points for gift cards, merchandise, and more

The Chase Sapphire Preferred® Card has long been one of the most popular travel rewards cards. New cardholders can earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening — an excellent value for a modest $95 annual fee. 

The Chase Sapphire Preferred® Card comes with outstanding travel and purchase protections, along with useful perks that include up to $50 in annual credits toward hotels booked through Chase and a 10% points bonus on your account anniversary. Here’s our full Chase Sapphire Preferred review for all the details.

However, if you’re looking for a premium card, the Chase Sapphire Reserve® is worth considering with its lucrative new offer to earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. You can find out more in our Chase Sapphire Reserve review.

If you missed out on the 100,000-mile Capital One Venture X Rewards Credit Card bonus that ended recently, there’s still good reason to consider the card. The new offer to earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening is worth $750 in travel when you redeem miles at a rate of 1 cent each to erase eligible travel bookings. But you could potentially get even more value when you transfer Capital One miles to airline and hotel partners for award travel.

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. Right now it’s offering a record-high bonus of 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening (worth $1,280 based on Insider’s valuations).

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 to learn more.

Small-business credit card bonuses


Regular APR


17.49% – 22.49% Variable


Recommended Credit Score


Good to Excellent


Regular APR


17.49% – 22.49% Variable


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.

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 $2,160 for the The Business Platinum Card® from American Express and $1,800 for the Ink Business Preferred® Credit Card.

Cash-back credit card bonuses


Regular APR


15.49% – 25.49% Variable


Recommended Credit Score


Good to Excellent


Regular APR


15.49% – 25.49% Variable


Recommended Credit Score


Good to Excellent

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 $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • 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 fixed 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% intro APR for 12 months on purchases from the date of account opening, then a variable rate, 15.49% to 25.49%
  • 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.
  • $95 Annual Fee.
  • Terms Apply.
  • See Rates & Fees

Our top pick for the best cash-back credit card overall, the Wells Fargo Active Cash® Card, is a good choice if you prefer a strong 2% cash rewards rate on your purchases. 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) — and they, too, are worth considering.

But right now, the Blue Cash Preferred® Card from American Express has an elevated welcome bonus offer that can help you offset some of your upcoming expenses. New cardholders can earn a $350 statement credit after you spend $3,000 in purchases on your new card within the first 6 months from account opening. 

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


Annual Fee


$0 intro for the first year, then $99


Regular APR


17.24% – 26.24% Variable


Recommended Credit Score


Good to Excellent


Annual Fee


$0 intro for the first year, then $99


Regular APR


17.24% – 26.24% Variable


Recommended Credit Score


Good to Excellent

Pros

  • Earns bonus miles at restaurants and US supermarkets
  • Intro annual fee is $0 for the first year (then $99)
  • You get a free checked bag and Main Cabin 1 Priority Boarding on Delta flights

Cons

  • Doesn’t go above and beyond in terms of benefits beyond Delta perks

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More Information

  • Limited Time Offer: Earn 70,000 bonus miles after you spend $2,000 in purchases on your new Card in your first 3 months. Offer ends 8/3/2022.
  • Enjoy your first checked bag free on Delta flights.
  • Earn 2X Miles on Delta purchases, at U.S. Supermarkets and at restaurants worldwide, including takeout and delivery in the U.S.
  • Earn 1X Mile on all other eligible purchases.
  • $100 Delta Flight Credit: After you spend $10,000 in purchases on your Card in a calendar year, receive a Credit to use toward future travel.
  • Enjoy a $0 introductory Annual Fee for the first year, then $99.
  • Terms Apply.
  • See Rates & Fees

A whopping six Delta credit cards are offering excellent elevated welcome bonus offers for a limited time. Delta miles don’t expire, so even if you don’t have immediate travel plans, it’s a good time to stock up:

  • Delta SkyMiles® Gold American Express Card — 70,000 bonus miles after you spend $2,000 in purchases on your new card in your first 3 months (offer ends 8/3/22) 
  • Delta SkyMiles® Platinum American Express Card — 90,000 bonus miles after you spend $3,000 in purchases on your new card in your first 3 months (offer ends 8/3/22) 
  • Delta SkyMiles® Reserve American Express Card — 100,000 bonus miles after you spend $5,000 in purchases on your new card in your first 3 months (offer ends 8/3/22) 
  • Delta SkyMiles® Gold Business American Express Card — 75,000 bonus miles after spending $3,000 in purchases on your new card in your first 3 months of card membership (offer expires 8/3/22) 
  • Delta SkyMiles® Platinum Business American Express Card — 100,000 bonus miles after spending $4,000 in purchases on your new card in your first 3 months of card membership (offer expires 8/3/22) 
  • Delta SkyMiles® Reserve Business American Express Card — 110,000 bonus miles after spending $6,000 in purchases on your new card in your first 3 months of card membership (offer expires 8/3/22)

If you fly United often, the new offer on the United Quest℠ Card is worth considering: 80,000 bonus miles after you spend $5,000 on purchases in the first 3 months your account is open. The United℠ Explorer Card and its elevated welcome bonus offer are also a great deal for casual and frequent United travelers. This card comes with a free checked bag on United flights (when you use the card to pay for your ticket), priority boarding, two one-time United Club passes each year, and excellent travel and purchase protections. 

The Aeroplan® Credit Card isn’t just for Air Canada flyers — along with a hefty welcome bonus offer, 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.

Hotel credit card bonuses


Regular APR


17.49% – 24.49% Variable


Recommended Credit Score


Good to Excellent


Regular APR


17.49% – 24.49% Variable


Recommended Credit Score


Good to Excellent

More Information

  • Earn 140,000 Bonus Points + 1 Free Night after spending $3,000 on purchases in the first 3 months from account opening
  • Enjoy a Reward Night after each account anniversary year at eligible IHG hotels worldwide. Plus, enjoy a reward night when you redeem points for any stay of 3 or more nights
  • Earn up to 26 points total per $1 spent when you stay at an IHG hotel
  • Earn 5 points per $1 spent on purchases on travel, gas stations, and restaurants. Earn 3 points per $1 spent on all other purchases
  • Platinum Elite status as long as you remain a Premier card member
  • Global Entry, TSA PreCheck® or NEXUS Statement Credit of up to $100 every 4 years as reimbursement for the application fee charged to your card
  • IHG Rewards bonus points are redeemable at hotels such as InterContinental®, Crowne Plaza®, Kimpton®, EVEN® Hotels, Indigo® Hotels & Holiday Inn®

IHG fans now have three co-branded credit cards to choose from, and they’re all offering excellent bonuses:

  • IHG® Rewards Premier Credit Card — 140,000 bonus points and 1 free night after spending $3,000 on purchases in the first 3 months from account opening (elevated offer)
  • IHG® Rewards Traveler Credit Card — 80,000 bonus points after spending $2,000 on purchases within the first three months of account opening
  • IHG® Rewards Premier Business Credit Card — 140,000 bonus points after spending $3,000 on purchases in the first 3 months from account opening (new card)

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).