10 best credit card sign-up bonuses for June

In the interest of full disclosure, I earn a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers that I have found for each card. Please check out my advertiser policy for further details about my partners, including American Express, and thanks for your support!

While there are several excellent long standing credit card offers, the specifics of the best offers are constantly changing (be it the annual fee, minimum spend requirement, or even amount of the sign-up bonus).

Continuing with what I started doing earlier this year, I’m making a post on the first Monday of every month with what I consider to be the best credit card sign-up bonuses of the month. If you read my blog on a daily basis then by all means skip this post, but I know it’ll be a useful, “current” place for me to refer people that ask about which cards they should sign-up for, a question I get a daily basis. This month the cards on the list remain the same, though there are a few changes to the specifics of the sign-up offers.

With that in mind, here are what I currently consider to be the 10 best credit card sign-up bonuses:

1. Ink Bold® Business Charge Card and Ink Plus® Business Credit Card

Current offer: 50,000 Ultimate Rewards points after spending $5,000 within three months
Annual fee: $95, waived the first year

Why it’s a great offer: This remains the single best credit card sign-up bonus out there. Ultimate Rewards points are one of the most valuable points currencies given that they can be transferred at a 1:1 ratio to United, Hyatt, and many other programs. The cards are also great for everyday spend given that they offer 5x points at office supply stores, and on cell phones, internet, and cable TV, and double points on gas and hotels. So this is a card that’s good for both for the sign-up bonus and for everyday spend. I value Ultimate Rewards points at 1.8 cents each, so to me these points are worth a whopping $900.

2. The Enhanced Business Gold Rewards Card® from American Express OPEN

Current offer: 50,000 Membership Rewards points after spending $5,000 within three months
Annual fee: $0 introductory annual fee for the first year, then $175

Why it’s a great offer: This is a promotional sign-up offer on a card that doesn’t ordinarily come with any sign-up bonus. While there’s a high annual fee it’s waived for the first year, and at the very least has some good short term potential for earning points given that it offers triple points on airfare, double points on gas, shipping, and advertising, and one point per dollar spent on everything. I value Membership Rewards points at 1.8 cents each, so to me the sign-up bonus is worth $900. Furthermore there are often transfer bonuses from Membership Rewards to their partner programs, potentially making these points even more valuable. For example, there’s a 35% bonus on transfers to British Airways Executive Club at the moment.

Last month we saw a sign-up bonus of 75,000 Membership Rewards points on the card with the same minimum spend, though it was available for less than 24 hours, and in retrospect seemed to be a mistake. The 50,000 point offer is still a very good one.

Chase Sapphire Preferred® Card

Current offer: 40,000 Ultimate Rewards points after spending $4,000 within three months, plus an additional 5,000 Ultimate Rewards points when you add an authorized user to the card that makes a purchase within three months.
Annual fee: $95, waived the first year

Why it’s a great offer: Ultimate Rewards points are one of the most valuable points currencies given that they can be transferred at a 1:1 ratio to United, Hyatt, and many other programs. The cards are also great for everyday spend given that it offers double points on dining and travel. I value the sign-up bonus on this card at $720. Given that you can get the Chase Ink Bold, Chase Ink Plus, and Chase Sapphire Preferred, that’s an easy 140,000 Ultimate Rewards points worth of sign-up bonuses alone, not factoring in the points you can earn for everyday spend.

4. Citi® Platinum Select® / AAdvantage® World MasterCard®

Current offer: 40,000 AAdvantage miles after spending $3,000 within three months
Annual fee: $95, waived the first year

Why it’s a great offer: After having “unofficial” 50,000 mile sign-up bonuses on the card for a long time now, the last “unofficial” link has finally been taken down, making the best sign-up bonus on this card 40,000 miles, which is still quite good. American miles are extremely valuable for OneWorld travel, and offer some of the best premium cabin redemptions out there, like first class between the US and Asia on Cathay Pacific for 67,500 miles one-way. I value American miles at 1.8 cents each, so this sign-up bonus is worth $720 to me.

5. British Airways Visa Signature® Card

Current offer: 50,000 Avios after spending $1,000 within three months
Annual fee: $95

Why it’s a great offer: British Airways has a distance based award chart which is extremely lucrative for shorthaul travel, as awards start at just 4,500 Avios one-way. Given that short flights are often disproportionately expensive when paying cash, I’ve found Avios to be invaluable. I value British Airways Avios at 1.3 cents each, so to me the sign up bonus is worth ~$550 (factoring in the annual fee).

6. Citi® Hilton HHonors™ Reserve Card

Current offer: Two free weekend nights at most Hilton family properties after spending $2,500 within four months
Annual fee: $95

Why it’s a great offer: In late March Hilton substantially devalued their award chart, making some properties as expensive as 95,000 HHonors points per night. These free night certificates are redeemable all the way up to category 10 properties, potentially making this sign-up bonus worth the equivalent of 190,000 HHonors points. So in terms of buying power, the value of these certificates has hugely increased over the past week compared to the buying power of HHonors points. Furthermore you get HHonors Gold status for as long as you have the card, which gets you free breakfast and internet. As far as I’m concerned those are the two most useful hotel elite benefits, and you get that all for the low annual fee on the card.

The Chase Hyatt Visa Card and Fairmont Visa Signature Card also offer similar sign-up bonuses of two free nights after completing the minimum spend, though I’d say the thing that gives the Citi Reserve Card the “edge” is that it gets you their mid-tier status as well, which is extremely valuable.

7. Starwood Preferred Guest® Credit Card from American Express and Starwood Preferred Guest® Business Card from American Express

Current offer: 10,000 Starpoints after the first purchase, 15,000 additional Starpoints after spending $5,000 within six months
Annual fee: $0 introductory annual fee for the first year, then $65

Why it’s a great offer: Starpoints remain the most valuable points currencies out there, and a great value for both hotel redemptions and airline mileage transfers. I value Starpoints at 2.2 cents each, so this sign-up bonus is worth $550 to me.

8. US Airways Barclays Mastercard

Current offer: 35,000 Dividend Miles after the first purchase
Annual fee: $85, waived the first year

Why it’s a great offer: Use it or lose it. Once the merger takes place it’s a near guarantee that Citi will be issuing American’s new co-branded credit card, so this card won’t be around much longer. It’s an easy 35,000 Dividend Miles given that you get the miles after the first purchase. I value US Airways miles at 1.6 cents each, so this sign-up bonus is worth ~$560.

It’s worth noting that while the above link seems to work as of now, I can’t guarantee for how long it’ll continue to work. Last time I posted a similar link the application continued to work though people started getting automatically rejected since the offer wasn’t intended to be publicly available. The only offer on which I can guarantee the bonus is my affiliate link, which only offers 30,000 Dividend Miles after the first purchase and doesn’t have the first year annual fee waived.

9. The Lufthansa Premier Miles & More World MasterCard®

Current offer: 20,000 Miles & More miles after the first purchase, 30,000 bonus miles after spending $5,000 within 90 days
Annual fee: $79

Why it’s a great offer: As discussed in this post, Miles & More miles are valuable both for domestic travel within the US and for travel in Lufthansa and Swiss first class. The sign-up bonus alone will get you enough miles for three one-way tickets within the US in United two cabin first class or three cabin business class.

10. Barclaycard Arrival Plus™ World Elite MasterCard®

Current offer: 40,000 miles after spending $3,000 within 90 days
Annual fee: $89, waived the first year

Why it’s a great offer: Each point can be redeemed for one cent towards the cost of travel, and you get a 10% refund of redeemed miles, making each point worth 1.1 cents. This sign-up bonus is therefore worth $440, and you can earn a pretty great 2.2% cash back towards travel for every dollar spent on the card.

Anyway, those are my top 10 cards based on sign-up bonuses this month. As you can see, not a whole lot has changed compared to last month. If you have any questions or other cards you think have great sign-up bonuses, let me know in the comments section!

Editorial Note: Neither this post, nor the comments, are provided by the Issuing bank, or any other advertiser. The comments below have not been reviewed, approved or otherwise endorsed by any advertiser, and it is not the bank or advertiser's responsibility to ensure posts and/or questions are answered.

Comments

  1. lucky says

    @ E — While the application says that, it has been confirmed that category 10 properties are eligible for the weekend night certificates. They just haven’t updated the credit card application.

  2. Tommy says

    Are “weekend nights” only considered Friday and Saturday nights? Or do they extend to Thursday and/or Sunday nights? I didn’t see anywhere that explicitly defined a weekend night.

  3. lucky says

    @ ajb — When you apply for the card they make you agree to use it only for business purchases. The reason for that (at least my understanding) is that there’s less consumer protection for business cards than personal cards, so they have to ask that to cover their rear. That being said, I’ve never heard of anyone having an issue with using it for personal spend.

  4. BeachMiles says

    I got the Hilton Reserve Visa card about 6 months ago. I was thinking about applying again , later this month. I have not read reports of people getting the 2 Free Weekend Nights , a second time. but I don’t see why it wouldn’t work. What do you think? 4 nights is better than 2.

  5. lucky says

    @ Amol — It’s anyone’s guess, but they’ve been running it regularly the past few years, so I expect they will.

  6. andreas says

    bummmer! the citi AA was on my list. But glad I got the US Air card while it was at 40k.

    I’m holding out for limited time promos to do my next round. Would love to get 75k PRG or 30k SPG

  7. Kyle says

    I know that Delta miles are generally less valuable than others, but I (Medallion member) received an email offer yesterday offering:

    “Earn 25,000 bonus miles, 5,000 of which are MQMs, after your first purchase on the Card.1 Earn another 25,000 bonus miles, 5,000 of which are MQMs, after you spend $1,000 on the Card in the first three months of Cardmembership. Plus receive a $100 Statement Credit after making a Delta purchase on the Card within the first 6 months of Cardmembership.”

    $150 annual fee most likely turns me away, but if you’re buying a delta ticket, the $100 statement credit offsets some of that.

    Is this a known offer or new?

  8. Bob says

    For what it’s worth, I got a Citi AAdvantage Gold offer in the mail today for a card with a 40,000 mile bonus after $1000 minimum spend in 3 months and a $50 annual fee waved for the first year. Also offered 5,000 miles off award redemptions.

  9. tkl says

    I have a sole proprietorship consulting business. In reality, my business expenses are pretty minimal. But I was planning to get an Ink card and transition most of my personal spend to it as well as cancel one of my personal credit cards. Would that hurt my personal credit rating since card issuers would see one personal card go away as well as most of my personal spending?

  10. says

    I knew it!

    Actually, this monthly type of post is fine. You do provide good content, TBB has no beef against you…Just don’t make these posts weekly please:-)

  11. lucky says

    @ Kyle — That does sound like a better version of the publicly available one. Still not a very good deal unless you’re in desperate need of the MQMs, though, in my opinion.

  12. lucky says

    @ tkl — Assuming your utilization on personal cards doesn’t go up (which it sounds like it won’t, since you’d be spending money on the business card instead), there shouldn’t be a negative impact. If the card is relatively new it may even help your credit score, as it may raise the average age of accounts, which is a good thing.

  13. CLTTravel says

    What about the Alaska airlines card? 25,000 bonus miles when you sign-up and $118 annual companion fair?

  14. lucky says

    @ CLTTravel — While it’s also a good bonus, with the annual fee not waived the first year I don’t think it’s quite as lucrative as the above bonuses. It would definitely be in the top 15 list.

  15. Gregg says

    Why no mention of the southwest plus card? 50k miles can get you 3 round trip flights if you plan accordingly.

  16. lucky says

    @ Gregg — I don’t believe that offer was around at the beginning of June, which is why I didn’t cover it.

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