The Fiscal Times
by Janna Herron
Credit card companies are ramping up their rewards offers — meaning that there’s never been a better time to maximize the cash and perks you’re getting.
“We’re seeing higher rewards than ever. Issuers are really eager to acquire new customers and hold on to their current ones,” says Matt Schulz, senior industry analyst at CreditCards.com.
The bonuses for new applicants can be eye-popping. In November, Chase permanently increased its introductory incentive to 50,000 points, awarded after new cardholders spend $4,000 in the first three months. This month, American Express started offering 100,000 bonus points on its Hilton HHonors Surpass Card for cardholders spending $3,000 in the first three months. The offer is its highest ever, according credit card expert The Points Guy, but expires on May 4.