10 Best Credit Card Offers For August

In the interest of full disclosure, One Mile At A Time earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers that we have found for each card. Please check out our advertiser policy for further details about the partners we work with. Thanks for your support!

Update: This offer for the Citi Prestige® Card is expired. Learn more about the current offer here.

Every month I make a post with what I consider to be the best credit card sign-up bonuses of the month.

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).

If you read my blog on a daily basis then by all means skip this post, but for me it’s a useful, “current” place to refer people who ask about which cards they should sign-up for, a question I get on a daily basis.

With that in mind, below are what I consider to be the best credit card sign-up bonuses for this month:

1. Chase Sapphire Preferred® Card

Current offer: 50,000 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 can be transferred at a 1:1 ratio to Korean Air, United, Hyatt, and many other programs. The card is 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 ~$935.

Park-Hyatt-Maldives-4
Redeem Ultimate Rewards points for the Park Hyatt Maldives

2. Ink Plus® Business Credit Card

Current offer: 60,000 Ultimate Rewards points after spending $5,000 within three months from account opening
Annual fee: $95

Why it’s a great offer: The Ink cards have extremely generous category bonuses which help sole proprietorships and small businesses maximize points on everyday credit card spend, including 5x points at office supply stores, and on cell phones, internet, and cable TV, and double points on gas and hotels. This is also a limited time sign-up bonus, and 20% higher than the usual sign-up bonus offered on the card.

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 ~1.7 cents each, so to me the sign-up bonus is worth ~$925 after subtracting the annual fee.

Korean-Air-First-Class
Redeem Ultimate Rewards points for travel in Korean Air first class

3. Citi Prestige® Card

Current offer: 40,000 ThankYou points after spending $4,000 within three months
Annual fee: $450

Why it’s a great offer: Despite the negative changes which were announced to this card, the sign-up bonus is still compelling. I value ThankYou points at ~1.7 cents each, so the 40,000 points are worth ~$510 to me. There’s a $450 annual fee on the card, though before the second year’s annual fee is due you’ll receive $500 in airline credits, which to me means there’s a net positive of $50 on the annual fee.

Also keep in mind that through July 23, 2017, you receive Admirals Club access and can redeem points for 1.6 cents each for travel on American. On an ongoing basis the fourth night free hotel benefit on this card is incredible as well.

Singapore-Suites-1
Redeem Citi ThankYou points for travel in Singapore Suites class

4. Marriott Rewards® Premier Credit Card

Current offer: 80,000 Marriott Rewards points after spending $3,000 within three months, plus an additional 7,500 bonus points when you add the first authorized user and make a purchase in the first three months from account opening
Annual fee: $85

Why it’s a great offer: I value Marriott Rewards points at ~0.8 cents each, so to me 87,500 points are worth ~$700. Once you factor in the annual fee, that brings the value of the sign-up bonus to ~$615. Furthermore, the card offers an annual free night certificate valid at Category 1-5 properties, which more than justifies the $85 annual fee. So it’s not only a great sign-up bonus, but a card worth holding onto long term.

Marriott-GRU-Airport
Redeem your annual free night certificate at the Marriott Sao Paulo Airport

5. Southwest Airlines® Rapid Rewards® Premier Credit Card

Current offer: 50,000 point sign-up bonus after spending $2,000 within three months
Annual fee: $99

Why it’s a great offer: Southwest’s Rapid Rewards program is revenue based, so 50,000 points will get you quite a bit of credit towards travel on Southwest, as each point can be redeemed for ~1.4 cents towards the cost of a ticket on Southwest. That makes 50,000 points worth ~$700, so when you subtract the $99 annual fee, that brings the value of this bonus to ~$600.

While Rapid Rewards points aren’t the most aspirational currency, they are extremely practical. This sign-up bonus can be especially valuable if you’re going for Southwest Companion Pass. Furthermore, you receive 6,000 points each year upon your account anniversary.

Southwest-WN-plane
Rapid Rewards points are extremely practical for domestic travel

6. British Airways Visa Signature® Card

Current offer: 50,000 bonus Avios after you spend $3,000 on purchases within the first three months
Annual fee: $95

Why it’s a great offer: British Airways has a distance based award chart which is lucrative for shorthaul travel. Given that short flights are often disproportionately expensive when paying cash, I’ve found Avios to be incredibly useful. You can also earn a British Airways Travel Together ticket for spending $30,000 on the card in a calendar year.

I value Avios at 1.3 cents each, so to me the sign-up bonus is worth ~$555 after you subtract the $95 annual fee.

British-Airways-First-Class - 10
Use your Travel Togehter ticket to redeem for British Airways first class

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

Current offer: Personal — 25,000 bonus Starpoints after you spend $3,000 on purchases within the first three months; Business — 25,000 bonus Starpoints after you spend $5,000 on purchases within the first three months
Annual fee: $0 introductory annual fee for the first year, then $95

Why it’s a great offer: Starpoints remain the most valuable points currency out there to me, and are 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. With the upcoming merger between Marriott and Starwood, who knows how much longer this card will be around.

Al-Maha-Resort-Dubai-Rooms - 23
Redeem Starpoints at Al Maha in Dubai

8. 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: 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 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/or club lounge access. As far as I’m concerned that’s the most useful hotel elite benefit there is. That’s a great deal just for paying the very reasonable annual fee.

Conrad-Koh-Samui
View from the Conrad Koh Samui

9. The Hyatt Credit Card

Current offer: Two free nights at any Hyatt property after spending $1,000 within three months
Annual fee: $75, waived the first year

Why it’s a great offer: These two free nights can be redeemed at any Hyatt in the world, giving you some pretty great options in terms of where you can stay. The card also offers an annual free night certificate valid at a Category 1-4 property, making this a great card to hold onto long term.

Park-Hyatt-Sydney
Redeem your two free nights at the Park Hyatt Sydney

10. IHG Rewards Club Select Credit Card

Current offer: Earn 60,000 IHG Rewards Club bonus points after spending $1,000 within the first three months, plus earn 5,000 IHG Rewards Club bonus points after adding an authorized user and having them make their first purchase within the same three month period
Annual fee: $49, waived the first year

Why it’s a great offer: Not only is this a good sign-up bonus, but the card offers an annual free night certificate valid at any IHG property worldwide, which is arguably the most valuable perk offered by a hotel credit card. Best of all, this card also has one of the lowest annual fees of any premium hotel card.

IHG-Free-Night
How I used my annual free night certificate from IHG

Anyway, those are my top credit cards based on sign-up bonuses this month. If you have any questions or other cards you think have great sign-up bonuses, let me know in the comments section!


Non-Affiliate Product Disclaimer: The information for the Marriott Rewards Premier Credit Card and Southwest Rapid Rewards Premier Credit Card has been collected independently by One Mile At A Time. The card details on this page have not been reviewed or provided by the card issuer.

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Comments

  1. Gee Lucky,

    Aren’t you a Pacific Northwest fellow??? Alaska Airlines has a 30k PLUS $100 promotion going on by the way, at least as of a few days ago.

  2. If the rumors of the new Chase Reserve card are in fact true, where would that card fit in this list come August 21st?

  3. He will never put in the Alaska Airlines Card with the 100.00 credit since he does not get any referral money for that since the applicant has to get it via the Alaska Air website by making a dummy booking…pathetic

  4. Actually, I WAS able to find the 30K offer PLUS $100! All I did was go on to the Alaska site and make like I am going to book a flight with miles. Right before I put the credit card info in to pay for the taxes, off to the right is the offer. To me, that is an exceptional Alaska offer!

  5. Its that rumored card that has my interest, Chase Sapphire Reserve. Lets see if the rumors come true…and pray for no 5/24!!

  6. Lucky don’t mind the haters. I don’t even trust my doctor to make choices that are in my best interests and not in the interests of his pocket book. I think other readers may be as cynical too. So don’t feel bad about pushing cards that don’t offer the best sign up bonus. You don’t run a charity and suckeres need to be fleeced.

  7. Lucky, I am just making the point for you to be a little more objective. I assume for everyone of your mentioned “best” cards, you get a referral fee. If you had a couple of credit card deals in that list that were good and no referral dollars for you, it just elevates your credibility. An exceptional blogger always remembers it’s more about the readers than the writer.

  8. @Lucky sez: ” I value Starpoints at 2.2 cents each, so this sign-up bonus is worth $550 to me. ”

    Pure garbage. You are not REDEEMING 25K starpoints; you earning them.Therefore, you cannot claim that the 25K starpoints are worth $550, because there is no place on earth where you could earn 25K starpoints for $550, especially by charging the purchase to the SPG AMEX @ 1 starpoint/$. The most starpoints that you would earn on a $550 spend is 550 starpoints, which when redeemed at 2.2 cents/point would be worth just $12.

    You would be on more solid ground if you said that the 25K starpoints would be worth about $550 whenever you REDEEM them (assuming no devaluation). You simply cannot keep claiming that loyalty points are worth their REDEMPTION value when they are EARNED because that ain’t the case. On the earn side, the monetary value of 25K starpoints is whatever you would normally pay in real currency to earn that many points, which means that 25K starpoints are worth much less to top SPG elites who earn their points through revenue stays at ~5/$ than to folks who earn most of theirs through spend on the SPG AMEX 1/$ .

    Just give up trying to assign monetary value to loyalty points because it is clear that you do not “get it”!

  9. If you follow some of the low fares sites it’s becoming more like miles are worth barely 1 cent per mile lately. Example 60K rt to Europe while there are plenty of sub-$600 fares around.

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