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What is a credit card welcome offer?
Yahoo Financeยท 2025-09-17 18:10
Core Insights - Credit card sign-up bonuses are incentives offered by issuers to new cardholders who meet specific spending requirements within a designated timeframe [1][8] - Popular bonuses include cash rewards and travel points, with varying spending thresholds to qualify [6][8] Group 1: Current Popular Sign-Up Bonuses - Chase Freedom offers a $200 bonus after spending $500 in the first 3 months [4] - Capital One Savor Cash Rewards Credit Card provides a $300 welcome bonus, including a $100 travel credit and a $200 cash bonus after spending $500 in the first 3 months [6] Group 2: Understanding Welcome Bonuses - Most welcome offers require a minimum spending amount, which can range from $500 to $4,000 depending on the card [8] - Bonuses are considered worthwhile if they align with planned purchases, such as groceries or utilities [9] Group 3: Eligibility and Application Considerations - Cardholders can earn multiple sign-up bonuses, but typically cannot earn a second bonus on a card already held [10] - Factors to consider before applying include limited-time offers, minimum spending requirements, and the type of rewards offered [11][13]