Wed Nov 2, 2016, 06:32 PM
Juan Rico (17,180 posts)
More credit cards offer sign-up bonuses above $1,000
For people with excellent credit, now may be the best time to sign-up for a rewards card. Six credit-card issuers now offer upfront rewards of more than $1,000 to entice creditworthy people to open new accounts, according to a recent survey by CreditCards.com. Historically, that is the most issuers ever to provide four-figure, sign-up bonuses. "What we are seeing is an arms race in sign-up bonuses," said Matt Schulz, senior industry analyst at CreditCards.com.
Credit cards with sign-up bonuses of $1,000 or more:
(Info at link)
Why rewards are so rich
The rewards bonus boom is happening for a variety of reasons: Consumers are spending again. Charge-off and delinquency rates for cards are the lowest they have been since before the Great Recession. And banks are eager to attract and retain well-heeled customers who qualify, Schulz said.
One credit card has embodied the rewards mania: Chase Sapphire Reserve. Introduced in August, Chase Sapphire Reserve offers a 100,000-point sign-up bonus. That was double the bonus its competitors had provided until the American Express Business Platinum offered a similar deal in September. "The credit card business is such a copycat business," Schulz said. "I wouldn't be surprised if another issuer offers a card like Chase Sapphire Reserve."
(Excerpt, complete article at link)
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More credit cards offer sign-up bonuses above $1,000 (Original post)
|Juan Rico||Nov 2016||OP|
Response to Juan Rico (Original post)
Sun Nov 6, 2016, 05:48 AM
Badsamm (7,829 posts)
1. Watch the auto business. Their inventory is already way too high and delinquencies on loans are
Rising. You'll be able to get some good deals soon.
VW is about to dump all their diesels on the market too, after they settle the penalty.
They will be giving shit away.