Each month, I recap the best credit card offers currently available. There are a lot of credit cards out there offering generous signup bonuses. Some bonuses are better than others. Hopefully, this post will give you some ideas if you’re looking for your next credit card.
For a list of all the credit cards I recommend, check out my best credit cards page, where you can find out more credit card offers and apply for cards not listed in this post.
It’s important to note that this post is not intended to be an exhaustive list of credit cards and there may be cards that I haven’t listed that are better for you. If you want personalized advice for your situation, consider filling out my free credit card consultation form and I’ll get back to you with specific advice for your situation.
Before you get started, be sure you understand the Chase 5/24 Rule. This is an important rule that will impact your long-term strategy when it comes to credit card rewards. Also, if you have a side hustle or anything that can qualify as a business, consider taking advantage of business credit cards. These are a great way to earn even more points and miles.
With all that said, here are some of the current best credit card offers for November 2022:
Chase Sapphire Reserve
The Chase Sapphire Reserve is offering 80,000 Chase Ultimate Rewards points after spending $4,000 in 3 months. This makes it the top card to get right now for most people. The card comes with a $300 travel credit that works for almost anything related to travel, including things like parking fees and public transit fares, so the $300 travel credit is as good as cash for almost everyone.
You can find the 80,000 point signup bonus at this Chase Sapphire Reserve link. If you’re eligible for the Chase Sapphire Reserve, I recommend getting it now because this is a great bonus and likely won’t be around forever.
If you are considering the Chase Sapphire Reserve, be aware of a few rules. The first is the Chase 5/24 rule, which states that you are not eligible for a new Chase credit card if you’ve opened five (5) or more credit cards in the past 24 months from any bank. This only includes cards that appear on your credit report, so most business cards won’t count towards your 5/24 number. I have an in-depth post that explains how the Chase 5/24 Rule works that you can read here.
The second rule you need to know is the Chase One Sapphire Rule. Chase only allows you to earn the bonus on one Sapphire branded card every 48 months. Thus, if you’ve earned the bonus on either the Chase Sapphire Preferred or the Chase Sapphire Reserve in the last 48 months, you won’t be eligible for this bonus.
Chase Sapphire Preferred
The Chase Sapphire Preferred is offering 60,000 Chase Ultimate Rewards points after spending $4,000 in 3 months.
If you’re thinking about getting the Chase Sapphire Preferred, do not forget the 5/24 rule and the One Sapphire rule.
The 60,000 Chase Ultimate Rewards points are worth $750 if redeemed in the Chase travel portal, but can be worth more if transferred to travel partners. Note that the card does come with a $95 annual fee that is not waived in the first year, but the annual fee is easily justified by the signup bonus. After a year, you can product change your card to a Chase Sapphire Reserve, assuming you want the benefits that come with the Chase Sapphire Reserve or if you don’t need the card, then product change to a no-fee card like the Chase Freedom, Chase Freedom Unlimited, or Chase Freedom Flex.
Of the two Sapphire branded cards, I’d recommend getting the Chase Sapphire Reserve first since it has a larger bonus and gives you a travel credit to offset the annual fee. That being said, if the fee is too high for you or you aren’t in a position to get the Chase Sapphire Reserve, you can go with the Preferred instead and consider upgrading later if/when you are ready.
Chase Business Cards (90k – 100k Offers)
At the beginning of the pandemic, Chase tightened up their business card applications, making it essentially impossible to open a new business card. Since then, Chase has loosened these restrictions, making it possible for most people with a side hustle or business to open a Chase business card. I recently opened a new Chase Ink Unlimited card after a year of staying away from Chase business cards.
The Chase Ink Cash and Chase Ink Unlimited are both offering 90,000 Chase Ultimate Reward points after spending $6,000 within the first three months. These cards both have no annual fees. The $6,000 spending requirement can be a bit steep for some people, but if you have large expenses coming up or have some other way to hit the minimum spend requirements, these two offers are very appealing (paying taxes is a great way to hit a large minimum spend requirement).
The Chase Ink Preferred has a 100,000 point signup bonus after spending $15,000 within the first three months. This is also an appealing offer, but of course, the $15,000 spending requirement is going to be out of reach for many people. It’s worth getting if you have some large expenses to pay, so consider planning this card around those expenses (think tax payments, home renovations, etc).
If you can, definitely consider taking advantage of these business card offers, as they are one of the best ways to earn a lot of Chase Ultimate Rewards points.
More Credit Card Offers
Some other good offers that I’m considering:
- The Citi Premier Card is offering 80,000 Thank You points if you spend $4,000 in three months. At a minimum, you can redeem those points for $800 in statement credits or gift cards. It comes with a $95 annual fee that isn’t waived in year one, but even with the fee, you’ll come out with a net gain of $705 without even trying. Here’s a link to the Citi Premier Card signup offer.
- The Chase United Cards are all offering good bonuses, so they can be worthwhile depending on how useful United miles are for you. I’m partial to the basic Chase United Explorer Card. For those of you that are more advanced or find United particularly useful, the Chase United Quest Card is also good.
If you have any questions, feel free to shoot me a message.