Credit card sign-up bonuses can stretch your holiday budget
Nobody could blame you for wanting to bury your head in the sand. Why should you be planning your holiday spending now, when you’ve got Thanksgiving to worry about? But, if you can spare a few minutes, here are some ideas that could put cash back in your pocket. So let’s talk turkey.
Credit card companies and sign-up bonuses
As you probably know by now, credit card companies are currently locked in a desperate battle to win market share. This largely explains the recent rush of enhancements to rewards credit cards. And it may also be behind sign-up bonuses, which card issuers pay on some products simply to say thank you for becoming a new customer and for spending a certain amount on your new plastic.
Right now, at least two cash back credit cards are offering a whopping $100 in sign-up bonuses, and that’s in addition to the usual rewards (up to 5 percent cash back) you would normally receive. Here are two caveats:
- You’re likely to need excellent credit in order to qualify for either.
- Deals like these are seductive. Don’t apply if you already have significant credit card debt, or if you’re one of those people who can’t resist temptation when it comes to spending.
So the same suggestion applies about not using it for purchases that you can’t pay down quickly.
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Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.
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