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Sapphire Reserve: https://bit.ly/3mcYIS7
Hey Credit Warriors and it is that time another sign up bonus video and there really are some incredible deals for welcome bonuses on US credit cards at the moment. Amex had said in their earnings call they would be focusing on customer acquisition this year, but Chase and Capital One are getting in on the act. We don’t really see much from Citi, but hey Citi if you don’t want to come to the party we will hold it without you.
So first up we have the Capital One Venture, which now has a welcome bonus of 100,000 miles.
To get this bonus you have to spend $3000 in three months to get 50,000 miles and then if you spend a total of $20,000 in your first year, you get another 50,000. So this bonus is good fro capital one, but I would say compared to other cards you can get, not so great.
Miles are worth 1 cent per mile when booking travel or using the travel eraser to erase travel charges on the card. But if you transfer to airlines most partners transfer at a 2 to 1.5 ratio so that bonus would become 75k in airline miles. Still a lot. So I would only recommend this card for someone who really likes the idea of the travel eraser where you can use the miles at 1 cent per point to erase travel charges on the card. If you are using the points in other ways, you can do better with our next card
The Chase Sapphire Preferred.
Now the current sign up bonus on the Preferred is 80,000 points when you spend 4000 in the first three months and you will also earn a $50 statement credit for grocery shopping any time in the first year.
Points are worth 1.25 cents towards travel through the chase travel portal, transfer to airlines and hotels at 1 to 1 and you can use the pay yourself back tool for grocery, home improvement, dining and select charities at 1.25 cents per point. This was originally going to end on April 30th, but chase is extending those categories until September 30th.
But if you want even more value out of Chase points you can try our next card, the Chase sapphire Reserve, with points valued at 1.5 cents per point. The current sign up bonus is 60,000 points, this is an increase from 50,000. And like we mentioned when you use pay yourself back or the travel portal you get 1.5 cents per point in value.
My advice would be if you still aren’t travelling a lot right now, it is better to get the sapphire preferred for the bigger bonus, because you wont use all the travel benefits from the reserve. You can then upgrade to the reserve after one year, and bam, you have the reserve, but you had the sign up bonus from the preferred.
If you are interested in Chase business cards, there are some really great bonuses available right now. The Ink unlimited and ink cash are both offering $750 in cash back for spending $7500 in the first three months and the Ink preferred still has its 100,000 offer but it is for spending $15,000 in three months, so the spend is a little high.
Now let’s move on to Amex.
The Amex Platinum still has the incredible 75,000 point bonus, plus 10x on gas and supermarkets on $15,000 in 6 months. The Gold is also offering 75k points as well.
The blue cash preferred, which is a very popular Amex card, currently features a $300 welcome bonus. But with both these cards and a load of other Amex cards, if you apply through a friend’s referral link you can currently get an additional $200 credit for US home furnishing stores in addition to whatever bonus you are offered. Be quick because this offer ends on 5/5/21.
On cards like the blue cash every day, which has a $200 sign up bonus, this effectively doubles the sign up bonus! On the Blue cash preferred it raises the bonus from $300 to $500. So if you have a friend with an Amex Card, get their referral link, you can get a better bonus and they will earn some bonus points for referring you as well.
NOTE: The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
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