10 Best Credit Card Offers January 2020

Filed Under: American Express, Bank of America
In the interest of full disclosure, OMAAT earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers (terms apply) that we have found for each card. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Please check out my advertiser policy for further details about our partners, and thanks for your support!

Every month I make a post with what I consider to be the best credit card offers at the time, with a particular focus on the best travel credit cards.

While there are several excellent long-standing credit card offers, the specifics of the top offers are constantly changing (be it the annual fee, minimum spending 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 apply for, a question I get on a daily basis.

Why You Should Care About Credit Card Offers

Simply put, most people want to travel better, but don’t know how. One of the best ways to improve your travel experience is to pick up an excellent credit card that can add value to you.

After all, doesn’t this…

Etihad’s 787 business class

…look better than this?


Etihad’s 787 economy class

When applying for a credit card, consider three main points:

  • The bonus — how many points can you earn for signing up for the card and completing some amount of spending; this typically ranges from a single purchase to a few thousand dollars
  • The rewards structure — pick a credit card that offers bonus points in the categories you spend the most on, whether that’s dining or groceries or gas or travel
  • The perks — some cards offer perks that more than justify the annual fee, even if you don’t spend money on the card; for example, there are hotel credit cards with sub-$100 annual fees that offer annual free night certificates that can be redeemed at hotels that cost $300+ per night

There are so many credit cards worth having

In this post I’m focusing primarily on the welcome bonuses, which can be one of the best ways to get rewarded quickly. Often a good credit card bonus will be enough earn you an international ticket in first or business class, which many would otherwise assume is off limits.

10 Best Credit Card Offers January 2020

Let’s look at some of the best credit card welcome bonuses that are available this month. Here’s what I consider the 10 best to be:

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.

This is a card that’s good for both for the welcome bonus and for everyday spending. 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.

Learn more about the Ink Business Preferred.

Redeem Ultimate Rewards points for a stay at the Park Hyatt Milan

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

Current offer: Earn 65,000 AAdvantage miles after spending $4,000 within four months
Annual fee: $99, waived for the first 12 months

Why you should consider applying: This is great bonus on one of American’s best business credit cards. I value American miles at 1.4 cents each, so to me, the welcome bonus is worth $910. The card comes with several perks that could make it worth holding onto, including free checked bags, priority boarding, etc.

Learn more about American Airlines credit cards.

Redeem American AAdvantage miles for travel in the Etihad A380 Apartment

3. Chase Sapphire Preferred® Card

Current offer: 60,000 Ultimate Rewards points after spending $4,000 within three months
Annual fee: $95

Why it’s a great offer: This card’s bonus was increased by 10,000 Ultimate Rewards points, which is exciting. Ultimate Rewards points can be transferred at a 1:1 ratio to Singapore, United, Hyatt, and many other programs. The card is also great for everyday spending given that it offers double points on dining and travel. I value the welcome bonus on this card at $925.

Learn more about the Chase Sapphire Preferred.

Redeem Ultimate Rewards points for the Park Hyatt Maldives

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: Not only is the welcome bonus great, but the card also offers 5x points in useful categories (on the first $25,000 spent per cardmember year on office supply stores, internet, cable TV, mobile phones, and landlines), 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.

Learn more about the Ink Business Cash.

Redeem Ultimate Rewards points for travel in Singapore Airlines Suites

5. Ink Business Unlimited℠ 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 is the newest Ink credit card, and it offers a fantastic return on everyday spending 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.

Learn more about the Ink Business Unlimited.

Redeem Ultimate Rewards points for stays at the Park Hyatt Sydney

6. Capital One® Spark® Miles for BusinessCapital One® Spark® Cash for Business

Current offer: With Spark Miles Card earn 50,000 Spark bonus miles when you spend $5,000 within three months, plus earn an additional 150,000 Spark bonus miles when you spend $50,000 within the first six months; with Spark Cash Card earn $500 bonus when you spend $5,000 within three months, plus earn an additional $1,500 bonus when you spend $50,000 within the first six months
Annual fee: $95, waived for the first 12 months

Why you should consider applying: These are the best ever bonuses on these excellent cards. The Spark Miles is a well-rounded business card for travel rewards, while the Spark Cash is one of the best cash back business credit cards.

Learn more about the Spark Cards here.

The Spark Cash is one of the best business credit cards

7. Alaska Airlines Visa® Credit Card & Alaska Airlines Visa® Business Credit Card

Current offer: Earn 40,000 Alaska miles plus a $121+ Alaska companion fare when you spend $2,000 within 90 days
Annual fee: $75

Why you should consider applying: 40,000 miles is one of the best bonuses we’ve seen on these cards. That might not sound like that much, but I value Alaska miles more than any other mileage currency, given the excellent premium cabin redemptions that are available. The $121+ companion certificate offered with the card also has the potential to be really valuable. You can even pick up both the personal and business versions of the card for 80,000 miles plus two companion tickets.

Learn more about Alaska Airlines credit cards.

Redeem your Alaska miles for travel in Japan Airlines first class

8. British Airways Visa Signature® Card

Current offer: Earn 50,000 British Airways Avios after spending $3,000 within the first three months, plus earn an additional 50,000 Avios after spending a total of $20,000 within the first year
Annual fee: $95

Why you should consider applying: For someone who is a big spender, the bonus of up to 100,000 Avios could make a lot of sense. There are lots of great uses for Avios, even without big surcharges. One of the other great things about the card is that if you spend $30,000 in a year you earn a Travel Together Ticket, which allows you to take a companion with you on an award ticket while only paying the taxes, fees, and carrier-imposed surcharges. There are lots of other great benefits to this card as well.

Learn more about British Airways credit cards.

British Airways 787 First ClassRedeem your Avios for British Airways first class

9. Southwest Rapid Rewards® Performance Business Credit Card

Current offer: Earn 70,000 Southwest Airlines Rapid Rewards points after spending $5,000 within three months
Annual fee: $199

Why you should consider applying: This is Southwest’s new premium credit card. In addition to having a massive welcome bonus, the card offers some other really useful perks, like 9,000-anniversary bonus points, four upgraded boardings per year, a Global Entry or TSA Pre-Check credit, and a daily wifi credit of up to $8 for Southwest flights. If you fly Southwest with any frequency, this card should be a no brainer.

Learn more about Southwest Airlines credit cards.


Southwest Airlines 737

10. World Of Hyatt Credit Card

Current offer: Earn 50,000 World of Hyatt points — earn 25,000 World of Hyatt points after spending $3,000 within three months, and earn a further 25,000 World of Hyatt points after spending a total of $6,000 within six months
Annual fee: $95

Why you should consider applying: This is one of the most well-rounded hotel credit cards out there. Just for having the card you receive five elite nights towards status annually, plus you receive an anniversary Category 1-4 free night certificate. There are so many other great benefits to this card.

Learn more about Hyatt credit cards.

Redeem Hyatt points at Ventana Big Sur

Rules Of Applying For Credit Cards

Before applying for cards, makes sure you’re aware of the rules each bank has for credit card applications.

One of the common misconceptions people have is that they think applying for credit cards will hurt their credit. The opposite is largely true, actually. Assuming you use your credit responsibly (and make payments on time, don’t utilize too much of your credit, etc.), applying for credit cards can actually help your credit.

Lastly, if you are going to apply for credit cards, make sure you do so responsibly — only apply for them if you have self-control and won’t end up in debt, and try to pay your balance in full every month, or else the finance charges will negate any rewards earned.

Best Credit Cards Summary

The above are just some of the best credit card offers out there right now, though there are so many others to choose from.

If you’re already into miles & points but don’t have some of the above cards, consider applying. If you’re new to miles & points, now is the time to get started (and I think something like the Chase Sapphire Preferred is a perfect starter card)!

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Comments
  1. So, just a few weeks back you published an article of how you fell out of love with the Sapphire Preffered and now it is in the “10 best credit cards” list? …sure, very “consistent”…

  2. CSP increases 10,000 points but annual fee isn’t waived; so pretty much the same the previous offer. Still good bonus but not a card to keep after first year IMHO

  3. @Lucky I’m curious, when it comes to the BA card and the Spark cards would those make your list if someone isn’t able to make the second spend requirement? 20k spend is a lot for some people to put towards just a single card let alone 50k. If people were only meeting the first tier of spend would those cards still be on the list? If not, what cards would replace them?

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