Best Credit Card Deals and Bonuses This Week: August 8, 2022
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Best credit card bonuses and deals this week: Last chance to earn up to 100,000 airline miles plus elevated Alaska Airlines and Wyndham card offers
Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page.
If you're looking for a way to earn cash back from your regular spending, or want to build up your travel points for a future trip, it's a great time to open a new rewards credit card.
Chase, American Express, Citi, and other banks are currently offering elevated bonuses, and there are dozens of other lucrative offers available. These include increased offers and even brand-new cards from major card issuers.
Many of these credit cards are offering record-high welcome bonuses of 100,000 points or more — but some are only available for a limited time.
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Citi Premier® Card
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United Quest℠ Card
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Ink Business Preferred® Credit Card
Credit card news this week
If you're an Alaska Airlines flyer and own a small business, the new record-high bonus offer on the Alaska Airlines Business Credit Card is worth a close look. For a limited time, new cardholders can earn 70,000 miles and Alaska's Famous Companion Fare™ from $121 ($99 fare plus taxes and fees from just $22) after you spend $4,000 on purchases within the first 90 days of account opening — and Alaska Airlines miles are particularly valuable. Here's our review of the Alaska Airlines Business card with all the details.
Wyndham fans who qualify for small-business cards should also consider the new welcome bonus offer on the Wyndham Rewards® Earner Business Card . You can earn 65,000 bonus points after spending $2,000 on purchases in the first 90 days and earn 10,000 bonus points after a purchase is made on an employee card. This matches the highest offer ever on this card, so it's a great time to apply — read our Wyndham Business card review for more information.
It's the last call for four elevated United credit card offers, which will end by the end of the day on August 10, 2022. These include a welcome bonus offer of 100,000 bonus miles after you spend $5,000 on purchases in the first 3 months from account opening on the United Club℠ Infinite Card, and increased bonus offers on the United℠ Explorer Card, United Quest℠ Card, and United Gateway℠ Card.
There's also good news for select Chase Sapphire, Freedom, or Slate cardholders, who now get up to $15 in monthly credit toward Instacart purchases, depending on the card. These new perks are on top of previously announced free Instacart+ memberships on the same cards for up to one year.
Here are some of the best credit card offers to consider this week.
Flexible rewards credit card bonuses
- Strong bonus
- Generous bonus categories
- Doesn't offer much in the way of statement credits or other perks
- Citi ThankYou Rewards may not be as convenient as other points for US-based travelers
- For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
- Earn 3 Points per $1 spent at Restaurants and Supermarkets
- Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
- Earn 1 Point per $1 spent on all other purchases
- Annual Hotel Savings Benefit
- 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
- No expiration and no limit to the amount of points you can earn with this card
- No Foreign Transaction Fees on purchases
Transferable credit card points are best if you value flexibility because there are so many ways to redeem them. With programs like American Express Membership Rewards, Chase Ultimate Rewards®, Citi ThankYou Rewards, and Capital One Rewards, you've got options that include:
- Transferring points to airline and hotel partners
- Redeeming points directly for travel at a fixed rate
- Turning points into cash back or statement credits
- Cashing in points for gift cards, merchandise, and more
The Chase Sapphire Preferred® Card has long been one of the most popular travel rewards cards. New cardholders can earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening — an excellent value for a modest $95 annual fee.
The Chase Sapphire Preferred® Card comes with outstanding travel and purchase protections, along with useful perks that include up to $50 in annual credits toward hotels booked through Chase and a 10% points bonus on your account anniversary. Here's our full Chase Sapphire Preferred review for all the details.
However, if you're looking for a premium card, the Chase Sapphire Reserve® is worth considering with its lucrative new offer to earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. You can find out more in our Chase Sapphire Reserve review.
If you missed out on the 100,000-mile Capital One Venture X Rewards Credit Card bonus that ended recently, there's still good reason to consider the card. The new offer to earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening is worth $750 in travel when you redeem miles at a rate of 1 cent each to erase eligible travel bookings. But you could potentially get even more value when you transfer Capital One miles to airline and hotel partners for award travel.
The Capital One Venture X Rewards Credit Card is a premium card with a $395 annual fee and loads of benefits. But if you're a more casual traveler, the $95-annual-fee Capital One Venture Rewards Credit Card is offering a similar bonus of 75,000 miles after spending $4,000 on purchases within 3 months from account opening. Here's our comparison of the Venture cards to help you decide which is a better fit for you.
Our favorite under-the-radar card is the Citi Premier® Card. It offers excellent earnings in categories that fit well whether you're sticking close to home or on the road — 3x points on air travel, gas stations, restaurants, supermarkets, and hotels, and 1 point per dollar on everything else. Right now it's offering a record-high bonus of 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening (worth $1,280 based on Insider's valuations).
Another excellent deal is one of the best cards with premium travel and shopping benefits, The Platinum Card® from American Express . You can currently earn 100,000 Membership Rewards points after you spend $6,000 in your first 6 months of card membership — here's our Amex Platinum card review to learn more.
Small-business credit card bonuses
- High sign-up bonus
- Offers 3x bonus points on several spending categories, including travel and advertising purchases
- Includes comprehensive travel coverage
- Welcome bonus has a very high minimum spending requirement
- Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
If you're a small-business owner, opening a small-business credit card can offer a lot of benefits. Keeping your business and personal expenses separate makes it easier to keep track of expenses, and many cards offer bonus points, miles, or cash back in popular business spending categories.
You don't have to own a full-time business or make millions to be eligible to apply — even if you're a freelancer or have a side gig, you could qualify for a small-business card. The Business Platinum Card® from American Express and Ink Business Preferred® Credit Card are both offering six-figure bonuses after meeting minimum spending requirements, and, depending on how you redeem them, you could get a value of $2,160 for the The Business Platinum Card® from American Express and $1,800 for the Ink Business Preferred® Credit Card.
Amex Membership Rewards points and Chase Ultimate Rewards points are worth, on average, 1.8 cents each based on Insider's points and miles valuations.
Cash-back credit card bonuses
- Generous bonus rewards, especially at U.S. supermarkets
- One of a small handful of credit cards that offer bonus rewards on select streaming services
- Intro APR offer
- Unlike many other cash-back cards, it charges an annual fee
- If you spend more than $6,000 at US supermarkets each year, you'll want to use another card once you reach that cap
- Earn a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
- Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a fixed monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
- Low intro APR: 0% intro APR for 12 months on purchases from the date of account opening, then a variable rate, 16.24% to 26.24%.
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
- 6% Cash Back on select U.S. streaming subscriptions.
- 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
- 1% Cash Back on other purchases.
- Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
- $95 Annual Fee.
- Terms Apply.
- See Rates & Fees
Our top pick for the best cash-back credit card overall, the Wells Fargo Active Cash® Card, is a good choice if you prefer a strong 2% cash rewards rate on your purchases. Other excellent options, like the Chase Freedom Flex℠, Chase Freedom Unlimited®, and the Citi Custom Cash℠ Card, aren't exclusively cash-back cards (though they're marketed that way) — and they, too, are worth considering.
But right now, the Blue Cash Preferred® Card from American Express has an elevated welcome bonus offer that can help you offset some of your upcoming expenses. New cardholders can earn a $350 statement credit after you spend $3,000 in purchases on your new card within the first 6 months from account opening.
You'll also earn 6% cash back on your first $6,000 in U.S. supermarket spending each year (then 1% back), 6% cash back on select U.S. streaming services, 3% back on U.S. gas stations and transit, and 1% back on all other eligible purchases (cash back is earned in the form of Rewards Dollars).
Read Insider's points and miles valuations to find out how much your credit card rewards are worth.
Airline credit card bonuses
- Substantial sign-up bonus of up to 80,000 miles
- A free first and second checked bag can save you and a companion up to $320 round-trip
- Up to $125 in annual credits toward United® purchases can offset half the annual fee
- 5,000-mile award flight credit can help you stretch your United miles
- High $250 annual fee
- Card doesn’t offer United Club lounge access or passes
- Earn 80,000 bonus miles after you spend $5,000 on purchases in the first 3 months your account is open.
- $250 Annual Fee
- Earn 3x miles on United® purchases, 2x miles on dining, select streaming services & all other travel, 1x on all other purchases
- Earn 3x miles on United® purchases
- Earn 2x miles on dining and select streaming services
- Earn 2x miles on all other travel
- Earn 1x mile on all other purchases
- Each year, receive a $125 credit on United® purchases and two 5K-mile anniversary award flight credits. Terms apply.
Four United credit cards are offering elevated welcome bonuses, but these offers will end on August 10, 2022:
- United Club℠ Infinite Card: Earn 100,000 bonus miles after you spend $5,000 on purchases in the first 3 months from account opening
- United Quest℠ Card: Earn 80,000 bonus miles after you spend $5,000 on purchases in the first 3 months your account is open
- United℠ Explorer Card: Earn 60,000 bonus miles after you spend $3,000 on purchases in the first 3 months from account opening, and an additional 10,000 miles after spending $6,000 in total on purchases in the first 6 months
- United Gateway℠ Card: Earn 30,000 bonus miles after you spend $1,000 on purchases in the first 3 months your account is open
The Aeroplan® Credit Card isn't just for Air Canada flyers — along with a hefty welcome bonus offer, it comes with great bonus categories, spending bonuses, and will soon offer the unique ability to redeem up to 50,000 Aeroplan points per year at a rate of 1.25 cents apiece toward any travel purchase through Chase Pay Yourself Back.
Hotel credit card bonuses
- Anniversary reward night can be worth more than the annual fee
- Could offer better rewards on non-IHG purchases
- Earn 140,000 Bonus Points + 1 Free Night after spending $3,000 on purchases in the first 3 months from account opening
- Enjoy a Reward Night after each account anniversary year at eligible IHG hotels worldwide. Plus, enjoy a reward night when you redeem points for any stay of 3 or more nights
- Earn up to 26 points total per $1 spent when you stay at an IHG hotel
- Earn 5 points per $1 spent on purchases on travel, gas stations, and restaurants. Earn 3 points per $1 spent on all other purchases
- Platinum Elite status as long as you remain a Premier card member
- Global Entry, TSA PreCheck® or NEXUS Statement Credit of up to $100 every 4 years as reimbursement for the application fee charged to your card
- IHG Rewards bonus points are redeemable at hotels such as InterContinental®, Crowne Plaza®, Kimpton®, EVEN® Hotels, Indigo® Hotels & Holiday Inn®
Recent changes to the Marriott Bonvoy Business® American Express® Card include an elevated welcome offer of 125,000 bonus points after spending $5,000 in purchases on your card in the first 3 months of card membership (offer expires 8/31/22). New benefits include a 7% discount on standard room rates at Marriott Bonvoy hotels, automatic Gold elite status, and 4x points at restaurants worldwide. You can find out more in our roundup of the Marriott Bonvoy Business card changes.
IHG fans now have three co-branded credit cards to choose from, and they're all offering excellent bonuses:
- IHG® Rewards Premier Credit Card — 140,000 bonus points and 1 free night after spending $3,000 on purchases in the first 3 months from account opening (elevated offer)
- IHG® Rewards Traveler Credit Card — 80,000 bonus points after spending $2,000 on purchases within the first three months of account opening
- IHG® Rewards Premier Business Credit Card — 140,000 bonus points after spending $3,000 on purchases in the first 3 months from account opening (new card)
Keep in mind that most hotel chains, including Marriott and Hilton, have temporarily paused points expiration due to the pandemic, so there's no harm in earning points now for a vacation down the road. Additionally, Hilton permanently extended its points expiration window to 24 months (from 15 months).
Top Offers From Our Partners
1.40% Annual Percentage Yield. No account minimums, no monthly fees. A tooltip
Get the latest Bank of America stock price here.
For rates and fees of the Marriott Bonvoy Business® American Express® Card, please click here.
For rates and fees of The Platinum Card® from American Express, please click here.
For rates and fees of The Business Platinum® Card from American Express, please click here.
For rates and fees of the American Express Blue Business Cash™ Card, please click here.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Read our editorial standards.
Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.
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