Question 1

What's a credit card bonus offer?

Accepted Answer

Some credit card issuers may refer to a welcome bonus as a "sign-up bonus" or "welcome offer," but the meaning is generally the same across credit cards. A credit card bonus offer is a perk or feature (often extra credit card rewards) that a credit card company, bank, or credit union uses to attract new credit card applicants. Card issuers may frequently provide benefits to new cardmembers within a year of opening their account.

Question 2

How do credit card bonus offers work?

Accepted Answer

Welcome offer details, like the bonus amount, reward type, and the requirements for receiving extra rewards, depend on the individual credit card issuer and bonus program. In most cases, you have to earn your welcome bonus by using your new credit card. For example, you might receive a $200 statement credit after your first eligible purchase. Some credit card issuers require you to spend a certain amount within a set time frame to receive extra rewards. For example, a credit card issuer might offer $200 in additional cash back or 30,000 bonus points to any cardmember who spends at least $1,000 on their credit card in the first six months after account opening.

Credit Card Bonus Offers

Key Takeaways

See if you're pre-approved

What are Credit Card Processing Fees?

Good Credit Cards for People with “Bad” Credit

What Is an Unsecured Credit Card?

Is There a No-Limit Credit Card?