10 Best Credit Card Offers February 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 February 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. United℠ Business Card

Current offer: 100,000 United MileagePlus miles after spending $10,000 within three months
Annual fee: $99

Why it’s a great offer: This is a brand new card for United Airlines, and it even has an incredible limited-time welcome bonus. This card has some unique long term perks that will justify the annual fee for many, including 5,000 bonus miles on your account anniversary when you also have a United personal card, two United Club passes every year, a first checked bag free, priority boarding on United flights, and more.

I value United miles at ~1.4 cents each, so to me the welcome bonus is worth ~$1,300 after subtracting the annual fee. The reason I don’t put this in the number one spot is because the minimum spending requirement is significant.

Learn more about the United Business Card.

Redeem your United miles for travel in Polaris

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. Southwest Rapid Rewards® Performance Business Credit Card

Current offer: Up to 100,000 points – 70,000 points after you spend $5,000 on purchases in the first 3 months. Plus, earn an additional 30,000 points after you spend $25,000 on purchases in the first 6 months.
Annual fee: $199

Why it’s a great offer: If you meet both tiers of the spend requirement as a new cardmember you’ll have a balance of at least 125,000 Rapid Rewards, which earns you the companion pass!

Learn more about the Southwest Performance business credit card.

125,000 Rapid Rewards points can get you lots of flights, including to Hawaii

5. 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 it’s a great offer: 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

6. 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

7. 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

8. IHG® Rewards Club Premier Credit Card

Current offer: 140,000 IHG Rewards Club points after spending $3,000 within three months
Annual fee: $89

Why it’s a great offer: This card has its best ever welcome bonus at the moment, and so many perks that make this card worth holding onto long term. The card offers an anniversary free night certificate, fourth night free on award redemptions, IHG Platinum status for as long as you have the card, and so much more.

Learn more about the IHG Premier Card.

This card is extremely valuable for IHG stays

9. Delta SkyMiles® Platinum American Express Card & Delta SkyMiles® Platinum Business American Express Card

Current offer: Up to 100,000 SkyMiles — 80,000 SkyMiles after spending $3,000 within three months, and another 20,000 SkyMiles after your first account anniversary
Annual fee: $250 on both the personal card (Rates & Fees) and business card (Rates & Fees)

Why it’s a great offer: Through April 1, 2020, co-branded Delta Amex cards have increased limited time bonuses, coinciding with the cards being refreshed. On balance I think the Platinum products have the best first year value, as the cards offer a first checked bag free, priority boarding, an annual companion certificate, and more.

Learn more about Delta Air Lines credit cards.

Redeem your SkyMiles for travel in Delta A330-900neo business class

10. 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 it’s a great offer: 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

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)!

The following links will direct you to the rates and fees for mentioned American Express Cards. These include: Delta SkyMiles® Platinum Business American Express Card (Rates & Fees), and Delta SkyMiles® Platinum American Express Card (Rates & Fees).

Regarding Comments: The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.
Comments
  1. I know Delta miles aren’t worth much these days, but aren’t 100K of them still worth more than some of the offers farther up this list like welcome offers you value at only $850 (100K Delta miles are worth at least $1K)? Or are the Delta cards just paying smaller affiliate bonuses?

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