Credit card issuers have been offering all kinds of additional perks and bonuses on spending in order to keep cardmembers engaged in these difficult times. For example, we’ve already seen Chase add spending bonuses, new ways to redeem points, and credits. Now there seems to be a new targeted spending bonus.
Chase’s targeted spending bonuses
Chase is offering targeted spending bonuses on many of its card products. The strange thing is that I never received direct communication about these offers, so this was a nice surprise
To see if you’re eligible, just visit chase.com/mybonus and enter your last name, zip code, and the last four digits of your card number. If you have multiple Chase cards you’ll have to check your eligibility for each card individually.
The current round of targeted bonuses seem to be valid for purchases between August 1 and September 30, 2020, and are valid for up to $1,500 of spending per month.
My offer: earn up to 7x Avios
Looking at my portfolio of Chase cards, I see a couple of offers. First of all, the British Airways Visa Signature® Card (review) is offering 7x Avios for restaurant, grocery store, and gas station purchases.
I value Avios at ~1.3 cents each, so to me that’s like a ~9.1% return on spending in those categories, which is excellent.
Personally I find this to be significantly less compelling. I value IHG Rewards Club points at ~0.5 cents each, so to me that’s like a ~2.5% return, which isn’t exciting at all.
Chase has some targeted spending bonuses on cards through September 30, and you can check your eligibility here. Interestingly I never received an email about this bonus.
Frankly keeping track of the best credit cards to use at the moment can be a daunting task, given just how competitive temporary bonus categories have become. Some of these bonus categories are great, while others are less exciting.
I do think earning 7x Avios in a few categories is potentially an excellent deal, so I’ll need to decide if I should shift some of my spending…
Were you targeted for one of these Chase spending bonuses, and if so, do you plan on taking advantage of them?
(Tip of the hat to JP in Chicago)