Moneymoney

Wed Nov 2, 2016, 06:32 PM

More credit cards offer sign-up bonuses above $1,000

http://www.cnbc.com/2016/10/17/more-cards-offer-sign-up-bonuses-above-1000.html

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)

1 replies, 272 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply More credit cards offer sign-up bonuses above $1,000 (Original post)
Juan Rico Nov 2016 OP
Badsamm Nov 2016 #1

Response to Juan Rico (Original post)

Sun Nov 6, 2016, 05:48 AM

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.

Reply to this post

Back to top Alert abuse Link here Permalink

Moneymoney