10 Best Credit Card Offers For May

Update: These offers for the Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard® and the Citi ThankYou® Premier Card have expired. Learn more about the current offers here.


In the interest of full disclosure, One Mile At A Time earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers that we have found for each card. Please check out our advertiser policy for further details about the partners we work with. Thanks for your support!

Every month I make a post with what I consider to be the best credit card bonuses of the month.

While there are several excellent long standing credit card offers, the specifics of the best offers are constantly changing (be it the annual fee, minimum spend requirement, or even amount of the welcome bonus).

If you read my blog on a daily basis then by all means skip this post, but for me it’s a useful, “current” place to refer people who ask about which cards they should sign-up for, a question I get on a daily basis.

This month we’re seeing some of the hottest credit card offers we’ve seen in a long time, so there are many opportunities to score lots of points. Note that the below list considers the best welcome bonuses even if they’ve been around for a while — see this post for a list of all the limited time bonuses available right now.

With that in mind, below are what I consider to be the 10 best right now:

1. Ink Business Preferred℠ Credit Card

Current offer: 80,000 Ultimate Rewards points after spending $5,000 within three months from account opening
Annual fee: $95

Why it’s a great offer: The Ink cards have extremely generous category bonuses that help sole proprietorships and small businesses maximize points on everyday credit card spend. This card offers 3x points on the first $150,000 spent annually in combined purchases on travel, shipping, internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year.

So this is a card that’s good for both for the welcome bonus and for everyday spend. I value Ultimate Rewards points at ~1.7 cents each, so to me the welcome bonus is worth $1,265 after subtracting the annual fee.


Redeem Ultimate Rewards points for travel in Korean Air first class

2. Chase Sapphire Preferred® Card

Current offer: 50,000 Ultimate Rewards points after spending $4,000 within three months, plus an additional 5,000 Ultimate Rewards points when you add an authorized user to the card that makes a purchase within three months
Annual fee: $95, waived the first year

Why it’s a great offer: Ultimate Rewards points can be transferred at a 1:1 ratio to Korean Air, United, Hyatt, and many other programs. The card is also great for everyday spend given that it offers double points on dining and travel. I value the welcome bonus on this card at $935.


Redeem Ultimate Rewards points for the Park Hyatt Vienna

3. CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®

Current offer: Earn 70,000 American AAdvantage miles after spending $4,000 within the first four months
Annual fee: $99 (waived the first year)

Why you should consider applying: We’ve never seen bigger publicly available welcome bonuses on this card, and it’s only available for a limited time. I value American miles at ~1.3 cents each, so to me the welcome bonus is worth $910.

Furthermore, the card comes with several perks that could make it worth holding onto, including free checked bags, priority boarding, etc.


R
edeem American AAdvantage miles for travel in the Etihad A380 Apartment

4. Ink Business Cash℠ Credit Card

Current offer: 50,000 points after spending $3,000 within three months
Annual fee: no annual fee

Why it’s a great offer: This new welcome bonus was just recently introduced, and is a big improvement over the previous one. Not only is the welcome bonus great, but the card also offers 5x points in useful categories, and points can be pooled with the Ultimate Rewards points earned on cards like the Chase Sapphire Reserve® CardChase Sapphire Preferred® Card, and Ink Business Preferred℠ Credit Card. Assuming you have this card in conjunction with one accruing premium Ultimate Rewards points, I value the welcome bonus on this card at $850.


Redeem Ultimate Rewards points for travel in Singapore Airlines Suites

5. Ink Business UnlimitedSM Credit Card

Current offer: 50,000 points after spending $3,000 within three months
Annual fee: no annual fee

Why it’s a great offer: This new card was introduced this week, and offers a fantastic return on everyday spend and a great welcome bonus. Points earned on this card can be pooled with the Ultimate Rewards points earned on cards like the Chase Sapphire Reserve® CardChase Sapphire Preferred® Card, and Ink Business Preferred℠ Credit Card. Assuming you have this card in conjunction with one accruing premium Ultimate Rewards points, I value the welcome bonus on this card at $850.


Redeem Ultimate Rewards points for stays at the Park Hyatt Sydney

6. The Business Gold Rewards Card from American Express OPEN 

Current offer: Earn 50,000 Membership Rewards points after spending $5,000 within the first three months
Annual fee: $175, waived the first year

Why you should consider applying: This is one of the best small business cards out there in terms of the bonus points it offers, given that you earn bonus points in the following five categories:

  • Airfare purchased directly from airlines
  • U.S. purchases for advertising in select media
  • U.S. purchases at gas stations
  • U.S. purchases for shipping
  • U.S. computer hardware, software, and cloud computing purchases made directly from select providers

You can pick in which category you want to earn 3x points, and then in the other four categories you earn 2x points.

On top of that, this is a fantastic welcome bonus for a card that doesn’t have an annual fee the first year. I value Membership Rewards points at ~1.7 cents each, so to me the welcome bonus is worth $850.

ANA First Class
Redeem Amex points for travel in ANA first class

7. Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard® 

Current offer: Earn 60,000 American AAdvantage miles after spending $3,000 within the first three months
Annual fee: $99 (waived the first year)

Why you should consider applying: This is a limited time bonus that’s huge. I value American miles at ~1.3 cents each, so to me the welcome bonus is worth $780.

Furthermore, the card comes with several perks that could make it worth holding onto, including free checked bags, priority boarding, a 10% rebate on award tickets (up to 10,000 refunded miles per year), etc.


R
edeem American AAdvantage miles for travel in Qatar Airways Qsuites

8. Southwest Rapid Rewards® Premier Business Credit Card

Current offer: Earn 60,000 bonus Rapid Rewards points after spending $3,000 within three months
Annual fee: $99

Why it’s a great offer: A 60,000 point welcome bonus is as good as it gets on Southwest credit cards. Rapid Rewards points can be redeemed for ~1.3 cents each towards the cost of a ticket. That means that 60,000 points can potentially get you up to $780 towards airfare on Southwest. Furthermore, these cards are great in helping you earn points towards Companion Pass, which is one of the most valuable perks in domestic travel.

9. Citi ThankYou® Premier Card

Current offer: Earn 50,000 ThankYou points after spending $4,000 within the first three months
Annual fee: $95 (waived the first year)

Why you should consider applying: The points earned on this card can be redeemed for 1.25 cents each towards the cost of an airline ticket, making the welcome bonus worth a minimum of $625. Alternatively points can be transferred to any of the ThankYou airline and hotel partners, potentially allowing you to get even more value out of the points.

The card also offers a great return on spend, as it offers triple points on travel and gas, and double points on dining and entertainment. That makes it one of the most well rounded mid-range credit cards.

I value ThankYou points at ~1.5 cents each, so to me the welcome bonus is worth $750.


Redeem Citi ThankYou points for travel in Singapore Airlines business class

10. Chase Sapphire Reserve®

Current offer: 50,000 Ultimate Rewards points after spending $4,000 within three months
Annual fee: $450

Why it’s a great offer: While the card has a $450 annual fee, it offers a $300 annual travel credit, which I more or less consider to be worth face value. So the way I see it, the card has an “out of pocket” of about $150 per year, and for that you get triple points on dining and travel, a Priority Pass membership, a Global Entry fee credit, great travel protection, and much more. I value Ultimate Rewards points at ~1.7 cents each, meaning that 50,000 points are worth $850. If you subtract the $150 “out of pocket” on the card (as I see it), that makes the welcome bonus worth $700 to me.


Redeem Ultimate Rewards points for travel in Air France business class

If you have any questions or other cards you think have great welcome bonuses, let me know in the comments section!

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Comments

  1. Not to be overly negative, but this reads like advertisement for Chase and AA… Which brings up the questions: why don’t others play catch up better?

  2. Ben – none of the business cards listed above should count against the 5×24 rule?

  3. @ David Dodaro — That’s correct, applying for any of them wouldn’t count as a further inquiry towards the 5/24 limit, since they won’t show on your personal credit report.

  4. @Lucky Just to be clear Chase doesn’t count their own business cards into their 5/24 calculation? I had always heard that Chase business cards counted because they could view their own business credit card accounts?

  5. @ Bill — You can’t be approved for a Chase business card if you’re at 5/24 or above. However, applying for that card won’t count as a further inquiry towards that 5/24 limit.

    In other words, if you’re currently at 4/24, you could be approved for an Ink Card, and after being approved you’d still be at 4/24. However. If you’re at 5/24 you couldn’t be approved.

    Hope that makes sense, I know this can be confusing.

  6. CSR has bonus of 50,000 + 30,000 UR after meeting 5k$/3 months and 30k$/1 year

    I recently got this card and confirmed the bonus.

    Lucky, please confirm. This is big news for OMAAT readers

  7. Hey Lucky, it would be nice if you could put the general range of FICO scores you’d need to get each card, so that we don’t waste a hard pull.

    Also, and this may seem like the most elementary question ever, but if you’re applying for a business credit card, if you have a sole proprietorship you’d have to use your SSN, and if you have a “real” business (e.g. an LLC or a C Corp) you’d have to use your EIN. But the last time I applied for a business card for my LLC (Wells Fargo, ugh) even though I used my EIN, they still did a hard pull on my personal credit (i.e. personal guarantee). How can I get the Amex Business Platinum OPEN card (and get that amazing 100K signup bonus) and be sure they use my EIN, not my SSN (i.e., they DON’T do a hard pull and they DON’T require a personal guarantee)? Or do I just bite the bullet and give them my SSN even though I have a legit LLC with a legit EIN?

    Thanks in advance.

  8. Or instead should I apply for the Amex Business Platinum as a sole prop (using my SSN) even though I do have a legit LLC and EIN?

    Thanks again.

  9. @ J Alabi — Sorry for any confusion here. Generally speaking when you apply for a business card there will still be a credit pull on your personal credit. However, the card won’t be reported on your personal credit as having been opened, meaning on an ongoing basis it won’t track payment history, etc. But regardless of whether you apply as an SSN or EIN, there will be a credit pull when applying for a business card. Let me know if you have any other questions. 🙂

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