Here's how you can tell an amazing sign-up bonus from a lousy one, says credit card expert via CNBCMakeIt
When it comes to maximizing credit card rewards, Brian Kelly, also known as The Points Guy, has cracked the code: Thanks to all the points and frequent-flyer miles he's managed to accumulate, he jets around the world for next to nothing.
If you do your research,"it's not rare to get $1,000 in value from a sign-up bonus. It's so lucrative in the U.S. that the credit card companies are all battling each other," he explains."There are 10 or so major credit card companies that want your business today."So how do you tell a great bonus from a lousy one? There are typically three ways companies offer rewards: points, cash back and miles.
A bonus that offers 75,000 points"is generally really good," Kelly says, while 100,000 points is"an amazing offer." Note that business credit cards are different: There, for example, you may see 200,000-point bonuses.
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