Our local banks continue the stiff competition against each other in attempt to lure clients in, who have the highest credit scores. As a matter of fact, all credit card companies make use of the so-called “sign-up bonus” to attract you to submit a request for their particular credit card. This sign-up bonus usually consists of either points, miles that are bound to the first purchase or miles / points you receive after a 4-figure-spending in the first 3 months of receiving your new card. We all remember exceptionally notable sign up bonuses that Capital One’s “Match My Miles” giveaway provided last year, which granted up to $1,000 in statement credits to cardholders. Or maybe you still remember the Chase’s British Airway’s Visa, which offered a ungrudging 100,000 points as a sign-up bonus. These were probably the most notable offer from last year, nonetheless, it doesn’t mean that the best offers on the market are history, many rewards credit cards offer superior sign-up bonuses today, and here is our top 3 list of rewards credit cards with best sign up bonus offers in 2016:
Starwood Preferred Guest® Credit Card from American Express – This American Express Starwood Preferred Card continues its’ high value when it comes to shopping, and is still a favorite among travelers who want to gain the most worthy rewards for each dollar spent. On op of the rewards program, it offers a competitive sign-up bonus. Sign-Up Bonus: You will receive 25,000 Starpoints within 3 months of using your Starwood Preferred Card from American Express as a sign up bonus.
Mercedes-Benz Platinum Card from American Express – The American Express Platinum Card is an surprisingly full packed with features, and the new version released in 2016 co-branded with Mercedes-Benz to add more benefits. Sign-Up Bonus: If you spend only $1000 within the first 3 months of receiving your card,you will receive a huge 50,000 Membership Rewards bonus, which can be used for a wide range of services, including airline lounge memberships and discounts on Mercedes cars and accessories.
Chase British Airways Visa Signature Card – Just like every year, Chase is once again running a promotional offer, and grants 100,000 points as a sign-up bonus to all new clients. Although there are relatively high spending requirements, this is still one of the best bonuses available in the industry. Sign-Up Bonus. The British Airways Visa Signature Card from Chase will give you a sign-up bonus of 50,000 points after your first purchase, 25,000 points after you spend $10,000 in purchases within the first year of account opening, and 25,000 points after you make an additional $10,000 in purchases within the first year of account opening. This may sound like a complicated scheme to keep up with, but if you use your card on a regular basis and do not spend for the sake for earning awards, these long term benefits will pay out over time.
With the exception of the Starwood American Express card, all the cards mentioned above have a relatively modest minimum spending requirement. Also, please remember, that the market for impressive credit card sign-up bonuses changes very often in this dynamic economical environment, so make sure you check actual offers before signing up.