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Value of rewards for new credit card owners


There are dozens of rewards credit cards available in the market. The types of rewards, they offer, vary from card to card. No single credit card or a group of cards is appropriate for everyone. You need to choose the right one for yourself, which suits your expenses. Your decision should give you maximum value of rewards for what you are spending on the card. Before you choose a rewards credit card, it is advisable to research through cards that offer some of the best rewards. The first and the foremost thing that new customers must look for in a rewards credit card is the sign up bonus.


Sign up bonuses can come in the form of rewards points or airline miles that can be redeemed for hundreds of dollars depending on their worth. Many sign up bonuses are worth $500 or even more. Check out our list of some of the credit cards that offer the best sign up bonuses to new customers, in order to give them the highest value of rewards.


Value of rewards for new customers


  1. Chase Sapphire Preferred Card

This rewards credit card offers a sign up bonus of 40,000 points, after you spend $4000 on purchases within the initial 3 months of opening your account. These points are worth $500 for travel, when you redeem them through the Chase Ultimate Rewards platform. On top of this, cardholders can earn great value of rewards through additional 5000 points, after adding the primary authorized user and making a purchase within the initial 3 months of account opening. Apart from this, the Chase Sapphire Preferred Card provides 2 reward points on dining out and travel and 1 point for every dollar spent on other purchases. There is no foreign transaction fee on this card and the points can be transferred to leading travel programs for their full value. The annual fee of $95 is waived for the first year.


  1. Chase British Airways Visa Signature Card

This rewards credit card earns you 50,000 points on your first purchase. Out of this, 25000 points are awarded, when you spend $10,000 on purchases in the first year of account opening; and the rest 25,000 points, when you spend an additional $10,000 on purchases in the initial year of opening your account. This card equates to 1.25 points for every dollar. These points give huge value of rewards and can be redeemed on British Airways as well as its partner airlines of OneWorld Alliance, including Cathay Pacific and American Airlines. The yearly charges for this card are $95, with no foreign transaction fees.


  1. American Express’ Blue Cash Preferred Card

This card from American Express offers a sign up bonus of 150 reward dollars, when you spend $1000 on purchases in the first 3 months of account opening. The $150 is given to you as a statement credit. Apart from this, the card earns you cash back of 6 percent on groceries, 3 percent on gas, and 1 percent on all other purchases. You receive cash back only on qualified purchases as reward dollars. The introductory APR is zero on balance transfers and purchases for the first 15 months, and then it varies between 12.99% and 21.99%, depending on your credit worthiness.


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