You can rack up a slew of points by signing up for a new rewards card and spending big in the first few months.
The Chase Sapphire Preferred ($95 annual fee) recently increased its sign-up bonus to 80,000 points for new cardholders who spend $4,000 in the first three months. And those points are worth $1,000 if you redeem them for travel booked through the Chase Ultimate Rewards portal.
There are restrictions on who can access the bonus. For example, if you have already received a sign-up bonus linked to any Chase Sapphire card within the last 48 months, you are excluded from this new offer. Go to www.chase.com for more information.
The Capital One Venture X ($395 annual fee) offers a bonus of 75,000 miles to those who spend $4,000 in the first three months. Points are worth $750 when redeemed for travel purchases made through the Capital One Travel Portal. Plus, you can earn an extra 10,000 bonus miles (or $100 for travel) on every card anniversary. To see other cards with sign-up bonuses, go to www.thepointsguy.com.
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With some cards, you earn statement credit when you use the card at partner merchants. American Express, Bank of America, Capital One, and Chase all allow cardholders to earn statement credits — in addition to the rewards points they earn — if they use their cards at restaurants, stores, or agencies. travel, or to pay subscriptions. Capital One Shopping, for example, recently offered a 6% credit for renting a car from Hertz.
To access the offers, log in to your account and follow the instructions. Deals usually rotate, so it’s best to check back periodically.
Gas prices have been stubbornly north of $4 a gallon. A gas rewards credit card can help. The Abound Credit Union Platinum Visa offers 5% cash back on fuel purchases paid at the pump. Sam’s Club members should consider the Sam’s Club Mastercard; it offers a 5% cashback on up to $6,000 spent each year at eligible gas stations (membership starts at $45 per year). American Express Blue Cash Preferred ($95 annual fee, waived the first year) offers a 3% cashback on gas purchases.
Your local grocery store may also offer a fuel discount. Giant, for example, offers 10 cents off per gallon for every 100 points you earn through its fuel program with Shell. You earn one point per dollar spent and you can redeem a maximum of 1,500 points per fill-up. Points expire 30 days after you earn them.