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.
It’s important to note that this post is not intended to be an exhaustive list 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 June 2022:
Chase Sapphire Reserve
The Chase Sapphire Reserve normally offers 50,000 Chase Ultimate Rewards points after spending $4,000 in 3 months. However, there’s currently a 70,000 point offer if you use a special link. It’s not clear why this link offers this bonus, but if you’re eligible for the bonus, I recommend grabbing it while it’s available. You can find the link for the 70,000 point offer here (this is not a referral link).
Note that the above link requires you to log into your Chase account, so you’ll only be able to see this offer if you have a Chase account. If you don’t have any Chase cards, you might want to consider opening a Chase bank account just to gain access to this offer.
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, you’ll need to remember 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.
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 or Chase Freedom Flex.
American Express Platinum Card
The American Express Platinum Card is offering 125,000 Membership Rewards points after spending $6,000 in 6 months. This is currently the best American Express card offer available. The card is also offering 15x points on small business and restaurant spending, which gives a lot of opportunities to earn more points. In theory, you could earn up to 375,000 Membership Rewards points if you could max out the 15x categories.
You can only get this offer via Resy, which is a restaurant reservation company owned by American Express. Here’s the link for the Resy American Express Platinum offer. This isn’t an affiliate link, so I don’t get anything from recommending this card.
The one downside to this offer is that the American Express Platinum Card comes with a hefty $695 annual fee. The value of the points plus the credits that come with the card more than make up for the annual fee in the first year, but I know it can be daunting for many people when you see a fee like that. Make sure to do your research to understand how to get the full value of this card. After the Chase Sapphire Prefered, this is the card I’d recommend getting.
Chase Business Cards (75k 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 the Chase Ink Unlimited are both offering 75,000 Chase Ultimate Reward points after spending $7,500 within the first three months. These cards both have no annual fees. The $7,500 spending requirement is a bit steep, but if you have large expenses coming up or have some other way to hit the spending 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).
More Credit Card Offers
Some other good offers out there include the following:
- The Barclays Jetblue Business Card is offering 80,000 points and a $99 statement credit. The card comes with a $99 annual fee, which is covered by the statement credit, essentially making this a free card. I don’t have a lot of use for Jetblue points where I live, but it might be useful for you depending on where you live. I also like Barclays because they always pull my Transunion credit report, which is my least used credit report.
For more credit card offers or to apply for any of the cards I discuss here, check out my best credit cards page, where you can check out more credit card offers and apply for cards not listed here.
If you have any questions, feel free to shoot me a message.
Hi! Love your card bonus updates. I got a great Ink bonus using your link. 🙂 Can you get a Sapphire Preferred card bonus if you currently have an active Reserve card?
You’d need to downgrade the Chase Sapphire Reserve to a Chase Freedom or Freedom Unlimited, then open the Chase Sapphire Preferred.
But remember, you can only get the Chase Sapphire Preferred bonus if you haven’t gotten a bonus on either the Chase Sapphire Prefered or Chase Sapphire Reserve in the past 48 months. So once every 4 years.
Looks like the Southwest offer has changed. I’m seeing 40,000 points and there’s an annual fee, even for the Plus card.
Oh yeah, that offer ended earlier this month. Need to update the post.
If you’re looking for Southwest Companion Pass, then I’d recommend getting the Southwest biz cards right now.