In the market for a new credit card? Mystified by the numerous options available to people looking for a new credit card? Don’t worry, we’ve got you covered.
If you’ve ever wondered whether there were credit card hacks out there to help you get the most out of your new credit card, you’re not the only one. Credit card companies know that there are a lot of options available to consumers, so many offer incentives to convince you to use their card.
Read on to learn about the credit cards with the very best sign-up promotions!
Wells Fargo Cash Wise Visa
The Wells Fargo Cash Wise Visa offers $200 in rewards to consumers who spend $1,000 on their card within the first three months.
Cardholders earn 1.5% cash rewards bonus for every purchase and 1.8% cash rewards bonus on certain mobile wallet purchases.
It comes with 0% introductory APR on purchases and balance transfers. The regular APR ranges from 15.74% to 26.74%, depending upon your credit.
This card is available to consumers with excellent or good credit.
Wells Fargo Propel American Express
The Wells Fargo Propel American Express is one of the best options out there for consumers who like to do the bulk of their spending with their credit card. This card offers cardholders 30,000 bonus points if they spend $3,000 in the first three months. That’s the equivalent of $300!
Cardholders earn points for each transaction, but some transactions, like eating out or travel, earn 3x points.
There’s no annual fee, and Wells Fargo offers 0% APR for the first twelve months. After that, they offer a 14.24% to 26.74% variable APR.
This card is available to consumers with excellent credit.
Chase Sapphire Preferred
The Chase Sapphire Preferred card is a travel rewards card. Cardholders earn rewards with each purchase that can be redeemed for airline travel and hotels.
Chase offers new cardholders 50,000 bonus points when they spend $4,000 within the first three months of account opening. That equals $625 toward travel. Cardholders also earn 2x points on travel and dining and one point per dollar on all other purchases.
This card has a $95 annual fee that is waived the first year, and variable APR from 17.74% to 24.74% depending on credit.
Southwest Airlines Rapid Rewards Priority
For those who love to travel, but don’t love to spend a ton of money or who enjoy Southwest’s quirky flight attendants, this is the card for you.
The Southwest Airlines Rapid Rewards card offers new cardholders 40,000 bonus points when they spend $1,000 in the first three months. They also give cardholders 7,500-anniversary points each year, a $75 annual travel credit, and four upgraded bookings per year.
Cardholders earn 2 points for every dollar spent on Southwest flights and Rapid Rewards hotel and car rental partner purchases. All other purchases earn one point per dollar.
Capital One Savor
Love to eat out? Zagat enthusiast? The Capital One Savor card will work great for you.
Capital One offers a one-time $500 cash bonus if you spend $3,000 within three months of account opening. Cardholders receive 4% cash back on dining and entertainment purchases, 2% cash back at the grocery store, and 1% cash back on all other purchases.
The Capital One Savor card has a $95 annual fee, but it is waived the first year. It has variable APR, with rates ranging from 16.24% to 25.24% depending on credit.
This card is available to consumers with excellent credit.
Citi American Airlines
The Citi American Airlines card is another travel rewards program with great incentives for new cardholders.
Citi offers 50,000 American Airlines AAdvantage bonus miles when you spend $2,500 in the first three months after opening the account. Cardholders also enjoy one free checked bag on American Airlines flights, preferred boarding, and $100 flight discount if you spend $20,000 or more per year.
Cardholders earn double miles at restaurants and gas stations. All other purchases earn one mile per dollar. Interest rates vary from 17.74% to 25.74% depending on credit.
There’s a $99 annual fee, but it is waived for the first 12 months.
US Bank FlexPerks Gold American Express
The US Bank FlexPerks Gold American Express is a great all-around rewards credit card. Points are redeemable for flights, cash back, merchandise, and gift cards, among other things.
This card awards new cardholders with 30,000 enrollment points if they spend $2,000 in the first four months of opening their account. Other perks include TSA PreCheck or Global Entry program reimbursement and no foreign transaction fees.
Cardholders earn triple points at restaurants, double points at gas stations and airlines, and one point per dollar for other purchases.
Credit Card Hacks for Bad Credit
All the credit cards listed above require a good or excellent credit score. Unfortunately, not everyone meets that requirement. For those whose credit falls well below the national average FICO score of 700, there are options for you.
If your FICO score is around 580 or higher, the Capital One Platinum Mastercard is a good option. Capital One provides an initial low credit line, but they increase it after several on-time monthly payments. They don’t charge an annual fee, but interest rates are higher than you would receive for any of the cards listed above.
Can’t qualify for a traditional credit card? Don’t worry, having bad credit is not a life sentence. If you’re looking to rebuild your credit, a secured credit card is a good place to start.
Banks that issue secured credit cards ask for an initial deposit before they’ll give you a card. Your deposit is your initial credit line. As you transition out of a bad credit score, the bank can convert your card to a traditional line of credit.
Check Out Our Blog for More Life Hacks!
There are a wide variety of credit cards out there that offer great incentives for new cardholders.
Not sure which card is best for you? Try looking at your monthly spending and determining which card suits your spending needs the best. For example, if you love to travel or if you travel frequently for work, a credit card with miles and flight perks would probably be the best choice for you.
You’re bound to save money with these credit card hacks!
Want more tips on living your best life? Check out our blog for more great tips and hacks on everything from keto dieting to saving money on your utility bill.