Best Credit Card Deals and Bonuses This Week: December 27, 2021

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The New Year is almost here, and it’s a good time to consider opening a new credit card to earn rewards to use for travel, cash back, and more in 2022. Almost every major credit card issuer has recently launched huge offers and even brand-new cards, including some with record-high welcome bonuses of 100,000 points or more — but many are for a limited time.

These include an excellent offer on The Platinum Card® from American Express
to earn 100,000 Membership Rewards points after you spend $6,000 in your first 6 months of card membership, plus 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of card membership.

Amex raised the annual fee to $695 (See Rates), but also added numerous new benefits that can more than offset the fee bump — including the recent addition of statement credits for Walmart+ membership** and SoulCycle at-home bike purchases. Be sure to check out the new Amex Platinum card designs available to new and existing cardholders starting January 20, 2022.

The Business Platinum Card® from American Express
recently got a makeover, too, adding an elevated welcome bonus of 120,000 Membership Rewards® points after spending $15,000 on eligible purchases with your card within the first 3 months of card membership and new or improved statement credits for wireless, Indeed, Adobe, and Dell purchases.

Keep in mind the card is increasing its annual fee from $595* (See Rates) to $695 on January 13, 2022, so now is a good time to apply if you want to lock in the lower annual fee. 

Read more: Guide to the best current credit card offers

The Ink Business Preferred® Credit Card just got a boost in its cell phone protection, giving it one of the most generous policies of any credit card with cell phone insurance. Ink Business Preferred cardholders now receive up to $1,000 in coverage per claim, each with a $100 deductible, up to three times per 12-month period.

If you frequently travel to Canada or live near the Canadian border, be sure to check out the new NEXUS application fee credit that Chase has added to many of its travel cards, including the Chase Sapphire Reserve® and United℠ Explorer Card. NEXUS is a Trusted Traveler program that includes Global Entry and TSA PreCheck privileges, so it’s a much better deal if you can get it. 

Other improved bonuses to consider include higher offers on the IHG® Rewards Club Premier Credit Card and IHG® Rewards Club Traveler Credit Card, new offers on the Blue Cash Preferred® Card from American Express and Blue Cash Everyday® Card from American Express, rarely seen welcome bonuses on the American Express Blue Business Cash™ Card and The Blue Business® Plus Credit Card from American Express, new bonuses on three Amex Hilton cards, and a 5x grocery bonus on the Chase Freedom Flex℠ and Chase Freedom Unlimited®.

With new offers constantly being introduced, you’ve got a terrific opportunity to take advantage of an increased credit card bonus now, so you’re set up with points you can use for flights, hotels, and more when you’re ready to travel again.

Here are some of the best credit card offers to consider this week.

Best credit card offers this week

Flexible rewards credit card bonuses

Regular APR

15.99%-22.99% Variable

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  • Pros & Cons
  • Details

  • Pros
    • High sign-up bonus starts you off with lots of points
    • Strong travel coverage
    Cons
    • Doesn’t offer a Global Entry/TSA PreCheck application fee credit
    • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®.
    • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
    • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
    • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
    • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash’s subscription service. Activate by 03/31/22.
    • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.

    Read Our Review
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    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:

    The Capital One Venture X Rewards Credit Card is making waves with its huge welcome bonus and generous benefits. Although it’s a premium card, the annual fee of $395 is reasonable compared to similar cards like the Chase Sapphire Reserve®, and you’ll receive perks like airport lounge access and travel statement credits that can offset the cost.  

    If that’s still a bit steep for your liking, the card’s less-expensive sibling — the Capital One Venture Rewards Credit Card — is still one of our favorite cards and one of the best travel rewards cards for beginners.

    Our favorite under-the-radar card — the Citi Premier® Card — is offering a record-high welcome bonus, and it offers excellent earnings in categories that fit well whether you’re sticking close to home or on the road. You’ll earn 3x points on air travel, gas stations, restaurants, supermarkets, and hotels, and 1 point per dollar on everything else.

    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, plus 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of card membership — here’s our Amex Platinum card review for all the details.

    Read more: Amex and Chase points are the two most valuable types of credit card rewards — here are their biggest differences

    Small-business credit card bonuses

    Regular APR

    14.24% – 22.24% Variable

    Credit Score

    Good to Excellent

    Featured Reward

    120,000 Membership Rewards® points after spending $15,000 on eligible purchases with your card within the first 3 months of card membership

    Intro APR

    0% Intro APR for 12 months on purchases eligible for Pay Over Time

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  • Pros & Cons
  • Details

  • Pros
    • More travel benefits than you’ll find on any other business credit card
    • Generous airport lounge access options, from American Express Centurion Lounges to Priority Pass (enrollment required)
    • Complimentary hotel elite status (enrollment required)
    • Access to Amex concierge services
    Cons
    • Very high annual fee
    • Limited opportunities to earn bonus points
    • Annual statement credits won’t be useful for everyone
    • Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
    • Plus, 0% Intro APR for 12 months from the date of the account opening on purchases eligible for Pay Over Time. After that, your APR will be 14.24% to 22.24% based on your credit worthiness and other factors as determined at the time of account opening.
    • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
    • Earn 1.5X Membership Rewards® points on eligible purchases in key business categories, as well as on purchases of $5,000 or more everywhere else. Cap applies.
    • Unlock over $1,000 in value per year for statement credits on select purchases with your Card, including up to $400 with Dell Technologies, up to $360 with Indeed, up to $150 with Adobe and up to $120 on wireless telephone purchases. Enrollment required.
    • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year toward baggage fees and more at one qualifying airline.
    • $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
    • Access to more than 1,300 airport lounges across 140 countries and counting with The American Express Global Lounge Collection®. More lounge options than any other credit card on the market as of 8/2020.
    • $595 Annual Fee ($695 if application is received on or after 01/13/2022).
    • Terms Apply.

    Read Our Review
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    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.

    Read more: Guide to the best small-business credit cards

    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 $1,800 or more from these offers.

    The recent annual-fee increase on the personal Platinum Card actually makes the Amex Business Platinum Card a more compelling choice, since its annual fee is a full $100 less than the personal version (See Rates) — but it comes with many of the same benefits and credits.

    Keep in mind, however, that the annual fee on the Amex Business Platinum Card will increase to $695 on January 13, 2021, for new and existing cardholders.

    Read more: The Amex Business Platinum card’s annual fee is about to jump — here’s why you should apply before the end of the year

    Cash-back credit card bonuses

    Annual Fee

    $0 intro for the first year, then $95

    Regular APR

    13.99% to 23.99% variable APR

    Featured Reward

    $300 statement credit after spending $3,000 in purchases on your new card within the first 6 months

    Intro APR

    0% intro APR on purchases for 12 months from account opening

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  • Pros & Cons
  • Details

  • Pros
    • 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
    Cons
    • 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 $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
    • $0 intro annual fee for the first year, then $95.
    • 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 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% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%
    • 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.
    • Terms Apply.

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    Our top pick for the best cash-back credit card overall, the Citi® Double Cash Card, doesn’t currently offer a welcome bonus. And 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).

    Read more: Guide to the best cash-back credit cards

    Right now, the Blue Cash Preferred® Card from American Express has an elevated welcome bonus that can help you offset some of your holiday expenses. New cardholders can earn a $300 statement credit after spending $3,000 in purchases on your new card within the first 6 months. 

    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). 

    Airline credit card bonuses

    Regular APR

    16.49% – 23.49% variable

    Credit Score

    Good to Excellent

    Featured Reward

    two Welcome Flight Reward certificates worth up to 100,000 total points after you spend $4,000 on purchases in the first three months of account opening

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  • Pros & Cons
  • Details

  • Pros
    • Generous welcome bonus worth up to 100,000 points which you can use for Air Canada and Star Alliance partner award flights
    • Free first checked bag on Air Canada flights for cardholder and up to eight companions
    • Automatic Aeroplan 25K Elite Status for the remainder of the first calendar year, plus the following calendar year (priority check-in, early boarding, upgrades on Air Canada flights)
    • Redeem points toward any travel purchase at 1.25 cents each through Pay Yourself Back
    Cons
    • After the first two calendar years, you’ll need to requalify for 25K elite status by spending $15,000 in a calendar year
    • Card doesn’t offer airport lounge access or passes
    • Earn 2 Welcome Flight Rewards (worth up to 100,000 total points) after you spend $4,000 in the first 3 months from account opening.
    • $95 Annual Fee
    • Earn 3x points for each dollar spent on grocery stores, dining at restaurants, and Air Canada directly.
    • No foreign transaction fees.
    • Free first checked bags.
    • 500 bonus points for every $2,000 you spend in a calendar month.
    • Earn 1x points for each dollar spent on all other purchases.

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    The new Aeroplan® Credit Card isn’t just for Air Canada flyers — along with a hefty welcome bonus, 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.

    Read more: Guide to the best airline credit cards

    United flyers have three elevated offers to choose from, the highest of which comes with the United Club℠ Infinite Card, which is offering a welcome bonus of 100,000 bonus miles after spending $5,000 on purchases in the first 3 months from account opening. The United℠ Explorer Card is also offering 60,000 bonus miles after spending $3,000 on purchases in the first 3 months from account opening, and the no-annual-fee United Gateway℠ Card has a bonus of 20,000 bonus miles after spending $1,000 on purchases in the first 3 months from account opening.

    Hotel credit card bonuses

    Regular APR

    15.99% – 22.99% Variable

    Credit Score

    Good to Excellent

    Featured Reward

    125,000 bonus points and a free night certificate after spending $3,000 on purchases within the first three months of account opening

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  • Pros & Cons
  • Details

  • Pros
    • Anniversary reward night can be worth more than the annual fee
    Cons
    • Could offer better rewards on non-IHG purchases
    • Earn 125,000 bonus points after spending $3,000 on purchases within the first three months of 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 4 or more nights
    • Earn up to 25 points total per $1 spent when you stay at an IHG hotel
    • Earn 2 points per $1 spent on purchases at gas stations, grocery stores, and restaurants. Earn 1 point per $1 spent on all other purchases
    • Platinum Elite status as long as you remain a Premier card member
    • Global Entry or TSA Pre✓® Fee Credit of up to $100 every 4 years as reimbursement for the application fee charged to your card
    • IHG Rewards Club Bonus points are redeemable at hotels such as InterContinental®, Crowne Plaza®, Kimpton®, EVEN® Hotels, Indigo® Hotels & Holiday Inn®

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    Even if you’re not an IHG Rewards Club loyalist, the new elevated offer on the IHG® Rewards Club Premier Credit Card is worth a look. Along with an excellent welcome bonus, the card comes with a free night certificate worth up to 40,000 points on every card anniversary that can more than make up for the $89 annual fee.

    The World of Hyatt Business Credit Card is a brand-new product that’s ideal for small-business owners who like staying with Hyatt. Along with a hefty welcome bonus, it comes with up to $100 in annual Hyatt credits, automatic elite status (which you can gift to up to five other people), a 10% points rebate on redemptions when you meet a spending requirement, and elite night credits for reaching spending thresholds.

    Read more: The best hotel credit cards of 2021

    Several other hotel credit cards are offering increased bonuses — including the Hilton Honors American Express Card, Hilton Honors American Express Surpass® Card, and The Hilton Honors American Express Business 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 just permanently extended its points expiration window to 24 months (from 15 months).

    Featured credit cards from our partners

    Featured Reward

    60,000 points

    Credit Needed

    Good to Excellent

    Featured Reward

    3 free nights (each valued up to 50,000 points) after qualifying purchases and 10x total points on eligible purchases in select categories

    Credit Needed

    Good to Excellent

    Featured Reward

    $200 after spending $500 on purchases in the first three months from account opening

    Credit Needed

    Good to Excellent

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