BEST CREDIT CARD SPEND BONUSES

Banks encourage credit card purchases by offering bonus points or perks for the highest spending customers. For instance, you get some bonus points on credit card purchases once you’ve spent $25,000 or more in a calendar year in certain banks. Other provides elite status or perks for high spending consumers. Below are list of credit cards that offer best high spend bonus points.

Chase British Airways Visa Signature

ba_sig_card

  • $30K spend: 1 travel together ticket good for two years
  • Card earns 1.25X for all spend
  • Annual Fee: $95
  • Total rebate value at $30K spend: 4.9%
  • Total rebate value after annual fee: 4.6%
  • Total rebate value after annual fee if companion pass NOT used: 1.3%

Citi Hilton HHonors Reserve

Citi Hilton HHonors Reserve

  •  $10K spend: 1 free weekend night
  • $40K spend: HHonors Diamond Status
  • Card earns 10X at Hilton, 5X airline & car rentals, and 3X elsewhere
  • Automatic Perks: Hilton Gold status
  • Total rebate value at $10K spend, assuming 3X categories: 3.94%
  • Total rebate value at $40K spend,assuming3X categories, assuming Diamond status is worth $300: 2.8%
    • Note 1: You would have to stay at a lot of Hilton properties to get $300 value from Diamond status, especially since Gold status is automatic with this card.
    • Note 2: The rebate % would increase if significant spend is within bonus categories (Hilton properties, airlines, car rentals).

American Express Delta Reserve 

delta-reserve-american-express-card

  • $30K spend: 15K bonus miles + 15K gift-able MQMs (Medallion Qualifying Miles)
  • $60K spend: Additional 15K bonus miles + 15K gift-able MQMs (Medallion Qualifying Miles)
  • Annual fee: $450
  • Automatic Perks: Delta SkyClub access, free companion pass, enhanced upgrade priority, free checked bags, priority boarding
  • Total rebate value at $30K or $60K spend:
    • 1.5 redeemable miles + .5 MQMs per dollar.
    • Approximate rebate value: 3.4%

The US Airways® Premier World MasterCard®

Barclays-USAirways-card-offer

  • Earn 40,000 bonus miles after your first purchase and payment of the $89 annual fee*
  • First checked bag free on eligible bags for you and up to four companions on domestic US Airways operated flights
  • One companion certificate good for up to 2 guests to travel with you on a US Airways operated flight at $99 each, plus taxes and fees
  • Priority boarding Zone 2 on US Airways operated flights
  • Redeem miles for award travel on US Airways and American Airlines booked through usairways.com or US Airways Reservations
  • Earn miles on every purchase with 2 miles for every $1 you spend on US Airways purchases and 1 mile for every $1 on purchases everywhere else
  • New! Receive a 25% savings on eligible US Airways and American Airlines in-flight purchases
  • Please see terms and conditions for complete details

 NOTE:  3/23/15 This offer is still available on the US Airways website.  It will be disappearing at anytime with the complete merger of US Airways and American Airlines frequent flyer programs.

Chase Southwest Airlines Rapid Rewards 

Chase-Southwest-Airlines-Rapid-Rewards

  • Points earned on any Southwest credit card count towards annual Companion Pass.
  • Companion Pass requires earning 110K Rapid Rewards points within a calendar year.
  • $110K spend (or combine with other ways to earn points to get to 110K points): Companion Pass good for rest of current calendar year and the following.
  • Annual Fee: $69 or $99
  • Automatic Perks: 3K or 6K bonus points per year
  • Rapid Rewards points become twice as valuable for duration of Companion Pass.
  • Total rebate value: 1.67 X 2 = 3.34%

American Express Platinum Delta SkyMiles 

platinum-delta-skymiles-business-credit-card

  • $25K spend: 10K bonus miles + 10K MQMs (Medallion Qualifying Miles)
  • $50K spend: Additional 10K bonus miles + 10K MQMs (Medallion Qualifying Miles)
  • Annual Fee: $150
  • Automatic Perks: Free companion pass, free checked bags, priority boarding
  • Total rebate value at $25K or $50K spend:
    • 1.4 redeemable miles + .4 MQMs per dollar.
    • Approximate rebate value: 3%

American Express Hilton HHonors Surpass

American-Express-Hilton-HHonors-Surpass

  • $40K spend: Diamond Status
  • Annual Fee: $75
  • Card earns 12X at Hilton; 6X grocery, drugs, gas, phone, cable, internet; and 3X elsewhere.
  • Automatic Perks: Hilton Gold status
  • Assume average 4.5X points earned on spend
  • Total rebate value at $40K spend: 2.91%
    • Note: you would have to stay a lot at Hilton properties to get $300 value from Diamond status.

Bank of America Virgin Atlantic

virginblackvisa

  • $2500 spend: 1 tier point
  • $15,000 spend: 7,500 anniversary bonus miles
  • $25,000 spend:
    • 15,000 anniversary bonus miles
    • Half off companion reward ticket in coach
  • $37,500 spend: 15 tier points = Silver status
  • $100,000 spend: 40 tier points = Gold status
  • Annual Fee: $95
  • 1.5 miles per dollar for all purchases
  • Rebate value at $25,000 spend:
    • 52,500 miles earned. Assume miles worth 1 cent each.
    • Rebate value: 2.1% (or 1.72% after annual fee)
    • Elite status benefit not counted in this rebate estimate.

American Express Starwood Preferred Guest 

lg_AmEx-Starwood-Preferred-Guest

  • $30K spend: Starwood Gold Elite status.
  • 20K points: 5K bonus on transferred miles.
  • Annual Fee: $65
    • Automatic Perks: 5 nights & 2 stays credit towards SPG elite status
    • Gold status is good for free internet, occasional room upgrades, late checkout. Estimated value: $100
    • Total rebate value at $30K spend: 1.95%

American Express Premier Rewards Gold

image

  • $30K spend: 15K bonus Membership Rewards points
  • Annual Fee: $175
  • Total earnings per dollar:
    • 1.5 points per dollar
    • Total rebate value at $30K spend: 1.94%
    •  Note: rebate value can be much higher when points are transferred to airline miles when American Express offers transfer bonuses.

Chase United MileagePlus Explorer 

united_mileageplus_explorer_card

  • $25K spend: 10K bonus miles
  • Annual Fee: $95
  • Automatic Perks: 1st checked bag free; priority boarding; two United Club passes per year
  • Total earnings per dollar:
    • 1.4 miles per dollar
    • Total rebate value at $25K spend: 1.8%

JP Morgan Select

jp-morgan-select

  • $100,000 spend: 25,000 bonus points
  • Annual Fee: $95
  • Card earns 2X airline, hotel, and car rentals; 1X elsewhere
  • Assume average 1.1X
  • Total earnings per dollar (if you spend exactly $100K in your account year):
    • 1.35 points per dollar
    • Total rebate value at $100K spend: 1.8%
    • Total rebate after annual fee: 1.7%

JP Morgan Palladium

 jp-morgan-palladium-card

  • $100,000 spend: 35,000 bonus points
  • Annual Fee: $595
  • Card earns 2X airline, hotel, and car rentals; 1X elsewhere
  • Assume average 1.1X
  • Total earnings per dollar:
    • 1.45 points per dollar
    • Total rebate value at $100K spend: 1.9%
    • Total rebate after annual fee: 1.3%

Comenity Capital Bank’s Virgin America Premium Visa Signature Card

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  • $30K spend: 15K status points
  • Annual Fee: $149
  • Automatic Perks: $150 off companion ticket each year, no change or cancel fees.

Chase Ritz Carlton Rewards Visa

 ritz_carlton_card

  • $10K spend: Gold status
  • Annual Fee: $395
  • Automatic Perks: 3 club level upgrades; $100 hotel credit for each 2 nights or longer stay.  Airport lounge access. $200 annual credit for airport incidentals.

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2 comments

  1. Ron Korte

    Any recommendation on which card to put most of a husband and wife’s (kids grown) annual spend on to maximize travel rewards for the next year. Thanks for the great ongoing travel advise.

    1. Faith Case

      @Ron – It really depends upon what you are looking to earn – free airfare, hotels, etc. Email me @ info@milesmomma.com and I’ll give you some advice that’s personalized for your needs.

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