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best credit card offers

The 11 Best Credit Card Offers of October 2020

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Credit card offers and the benefits they each provide are constantly changing. Figuring out the best credit card offers on the market can feel like a full-time job.

And now might be the best time to open a new travel credit card, as many of the banks are back with huge bonus offers of points and miles that are worth your attention. October alone has been a crazy month for new, larger credit card sign-up bonus offers.

We’ve assembled a list of the absolute best credit card offers for October 2020 that are currently available and everything you need to know if you are thinking about taking advantage of them. For more information, make sure to head to our Top Credit Cards Page.

 

1. The Chase Sapphire Preferred Card

Current Offer: The Chase Sapphire Preferred Card is currently offering 80,000 Ultimate Rewards points after spending $4,000 in the first three months of card membership. Offer valid through Nov. 8, 2020.

Annual Fee: $95

 

Chase Transfer Bonus British Airways

 

Click Here to Learn More About the Chase Sapphire Preferred Card. 

 

Why This Offer Makes the List: 
The current 80,000 point offer after spending $4,000 in the first three months of card membership is the highest offer that Chase has ever offered on this card. It’s up from 60,000 points for the same spending requirement).

And since the 80,000 points can be redeemed for 1.25 cents each through the Chase Travel Portal or through the new Pay Yourself Back feature, the sign-up bonus alone is worth a minimum of $1,000. Not bad for a card with an annual fee of only $95, right? In fact, it is one of the best credit card offers we have ever seen.

Chase hasn’t officially announced an end date to this promotion, but sources have indicated the offer will be available through Nov. 8.

There are some restrictions you’ll need to be aware of. First and foremost: the Chase 5/24 rule. If you have been approved for five or more cards from any bank (not just Chase) in a 24 month period, you will automatically be declined for any new Chase card. Additionally, if you have earned a bonus on either the Chase Sapphire Preferred or Chase Sapphire Reserve in the past 48 months (four years), you will not be eligible.

Read more: 8 Great Ways to Use the 80K Sign-Up Bonus on the Chase Sapphire Preferred.

 

2. The Chase Freedom Flex Card

Current Offer: The Chase Freedom Flex Card is currently offering $200 cashback (or 20,000 Ultimate Rewards Points) after spending only $500 in the first three months of card membership. You’ll also earn 5% cashback (5x URs) on groceries up to $12,000 for the first 12 months.

Annual Fee: $0

 

Chase Freedom

 

Click Here to Learn More About the Chase Freedom Flex Card. 

 

Why This Offer Makes the List: 

Chase introduced the Chase Freedom Flex Card earlier this month as a replacement to the popular Freedom Card – which is no longer available for new applications. It’s easily one of the best no annual fee travel rewards credit cards, period. And it gets even better if you hold a Chase Sapphire Preferred Card or Chase Sapphire Reserve Card.

That’s because you can transfer the cashback it earns into valuable Chase Ultimate Rewards points. And since the earning rates on the Freedom Flex are better on certain categories than the Sapphire Cards, it is a better option for much of your everyday spending.

You’ll earn 5% cashback (5x URs) on up to $1,500 each quarter on a list of rotating bonus categories. You’ll also earn 5% back on travel booked through the Chase Ultimate Rewards portal, 5% back on Lyft rides through March 2020, and 3% back on dining at drugstores.

Read our full review of the Chase Freedom Flex Card

 

3. Chase Freedom Unlimited

Current Offer: The Chase Freedom Unlimited Card is currently offering $200 cashback (or 20,000 Ultimate Rewards Points) after spending only $500 in the first three months of card membership. You’ll also earn 5% cashback (5x URs) on groceries up to $12,000 for the first 12 months.

Annual Fee: $0

 

chase freedom unlimited

 

Click Here to Learn More About the Chase Freedom Unlimited Card. 

 

Why This Offer Makes the List: 

With the rollout of the Chase Freedom Flex Card earlier this month, Chase also updated the benefits on the Chase Freedom Unlimited.

It’s also easily among the best no annual fee travel rewards credit cards. And once again, it gets better if you hold a Chase Sapphire Preferred Card or Chase Sapphire Reserve Card as that allows you to transfer your cashback into Chase points.

You’ll earn an unlimited 1.5% cashback (1.5x points) on every dollar you spend. You’ll also earn 5% back on travel booked through the Chase Ultimate Rewards portal, 5% back on Lyft rides through March 2020, and 3% back on dining at drugstores.

Read our full review of the Chase Freedom Unlimited Card

And make sure to check out our guide on the Freedom Flex vs the Freedom Unlimited to help you decide which version is right for you.

 

4. The American Express Gold Card

Current Offer: Earn 60,000 American Express Membership Rewards points after spending $4,000 in the first 6 months of card membership.

Annual Fee: $250

 

Gold Card

Click Here to Learn More About the American Express Gold Card. 

 

Why This Offer Makes the List: 

The American Express Gold Card is one of our favorite travel rewards credit cards. Period. And historically, the welcome offer bonus has been 35,000 points after spending $4,000 in the first 3 months of card membership.

This new 60,000 point welcome bonus offer allows you to earn more points while spending the same amount over six months instead of three.

The card also earns 4x points for every dollar you spend at U.S. grocery stores (up to $25,000 annually) and 4x points per dollar spent at restaurants worldwide. You’ll also get a $120 dining credit each year and a $100 travel credit that can be used to pay for certain airline fees. These are a big part of the reason we feel the card is worth the $250 annual fee.

Read our full review of the American Express Gold Card

 

5. Delta SkyMiles Gold & Platinum American Express Cards

Current Offer: Earn 50,000 SkyMiles after spending $2,000 in the first three months of card membership on the Delta SkyMiles Gold American Express Card. Or earn 60,000 SkyMiles and 5,000 MQMs after spending $3,000 in the first three months of card membership on the Delta SkyMiles Platinum American Express Card. Offers valid through Oct. 28, 2020. 

Annual Fee: $99 (waived for the first 12 months) on the Gold Card. $250 on the Platinum Card.

 

delta credit card offers

Click Here to learn more about the Delta SkyMiles Gold American Express Card.

Click Here to learn more about the Delta SkyMiles Platinum American Express Card. 

 

Why This Offer Makes the List: 

While these aren’t the biggest bonuses we’ve ever seen from Delta, earning up to 60,000 Delta SkyMiles is still a big deal – these miles can get you far. And while most Americans still aren’t traveling today, it’s never a bad time to earn more miles to fuel your future travels. Best of all, Delta SkyMiles will never expire. 

American Express allows you to earn the welcome bonus on each of their cards once per lifetime. That means even if you have earned the bonus on one of Delta’s four co-branded credit cards, you are still eligible to earn it on the other three.

For example, if you have or have had the Delta SkyMiles Gold Card, you could still apply and get the bonus miles on the Delta SkyMiles Platinum card. To do this, you’d need to apply for a new account outright and not upgrade your existing account.

We think Delta SkyMiles are the best way to book travel right now thanks to their unmatched flexibility with changes and cancelations. Not to mention, Delta SkyMiles flash sales have been an absolutely incredible way to use miles for future travel.

Make sure to check out the 11 Best Ways to Earn Delta SkyMiles in 2020. Hint: these offers are one of them.

Read our full review of these new Delta offers

 

6. The Capital One Venture Rewards Card

Current Offer: The Captial One Venture Rewards Credit Card is currently offering 100,000 Venture Miles after spending $20,000 in the first 12 months of card membership. Limited Time Offer!

Annual Fee: $95

 

Capital One Venture

 

Click Here to Learn More About the Capital One Venture Rewards Credit Card. 

 

Why This Offer Makes the List: 
This is the highest-ever offer on the Capital One Venture Rewards Credit Card. And while you need to spend $20,000 to earn the 100,000 miles, you’ll have a full year to do it.

Capital One miles are worth a flat 1 cent towards any travel purchase. That means the bonus is worth $1,000 towards future travel. And since you earn 2x miles for every dollar you spend on the card, you would end up with at least 140,000 miles after meeting the $20,000 minimum spending requirement. You can also earn 50,000 miles for spending just $3,000 in the first three months of card membership.

The card also offers a credit to reimburse the cost of your Global Entry or TSA PreCheck membership, easily making it worth the card’s $95 annual fee.

Read our full review of the Capital One Venture Rewards Credit Card

 

7. Marriott Bonvoy Boundless Credit Card

Current Offer: The Marriott Bonvoy Boundless Credit Card is currently offering five free night stays valued at up to 50,000 Bonvoy points each after spending $5,000 in the first three months of card membership. Limited Time Offer!

Annual Fee: $95

 

Marriott Bonvoy Boundless

 

Click Here to Learn More about the Marriott Bonvoy Boundless Credit Card. 

 

Why This Offer Makes the List: 
This is an insanely lucrative offer: Think of it as earning a 250,000-point bonus. That’s unheard of. The one hitch to keep in mind is that these free nights will only be redeemable for up to one year after you earn them from meeting the minimum spending requirement.

The five free nights you’ll earn after spending $5,000 in the first three months of card membership can be used for a standard night at any category 6 hotel – or an off-peak night at any category 7 hotel. See Marriott’s full list of hotels and filter by hotel category here.

Even without this new bonus offer, the Marriott Bonvoy Boundless Credit Card is worth a look if you often stay in Marriott hotels. And even if you don’t, the annual free night certificate (a separate perk from this new five-night bonus) the card provides is worth far more than the card’s $95 annual fee.

But one of the biggest benefits of Marriott’s program is the ability to transfer your points to over 40 partner airlines. These transfer at a rate of 3:1, but there’s a bonus – for every 60,000 Marriott Bonvoy points you transfer to an airline, you get 5,000 bonus airline miles.

In my opinion, the Bonvoy Boundless card is worth hanging onto just for the free anniversary night it provides. This can easily offset your $95 annual fee and you shouldn’t have to work too hard to get three to four times the value out of it that you are paying for that annual fee. Even with Marriott’s new peak and off-peak award pricing, the free night certificate can be used at any category 4 property at any time of year.

Read our full review of the Marriott Bonvoy Boundless 100K point offer

 

8. Earn up to 125K Points on the Platinum Card from American Express

Current Offer: There is currently a targeted offer available through the creditcards.com CardMatch tool to earn 125,000 American Express Membership Rewards points after spending $5,000 in the first three months of card membership.

Annual Fee: $550

 

amex platinum 1

 

Click Here to see if you’re eligible for the 125K point offer after spending $5K in the first three months via CardMatch

 

Why This Offer Makes the List: 

The standard offer on this card is typically 60,000 Membership Rewards points after spending $5,000 in the first three months of card membership. Historically, there has been a 100,000 point offer for that same spending requirement through the CardMatch tool. That targeted offer was increased to 125,000 points for the same spending requirement earlier this month. That makes it the highest ever offer we have seen on the card.

Based on past evidence, it seems that those who have never held an American Express card have the best chance. That said, this offer won’t be available for all users. Some may be targeted for lower offers like 100,000 or 75,000 points, while others may not see a offer through CardMatch at all.

Check out some of the best ways to use your bonus from the Amex Platinum card.

 

9. The Chase Ink Business Preferred Credit Card

Current Offer: The Chase Ink Business Preferred Credit Card is currently offering 100,000 Chase Ultimate Rewards Points after spending $15,000 in the first three months of card membership. This is a limited time offer!

Annual Fee: $95

 

Chase Ink Preferred

 

Click Here to Learn More about the Chase Ink Business Preferred Credit Card. 

 

Why This Offer Makes the List: 

The Ink Business Preferred Credit Card boasts one of the current best sign-up bonuses of any small business card out there. The bonus on this card is typically 80,000 Chase Ultimate Rewards points. If you have a small business with the ability to spend $15,000 in the first three months of card membership, this is a great offer.

In addition to the sign-up bonus offer, you’ll earn 3x points per $1 spent on travel, shipping, and technology purchases on the first $150,000 spent in combined purchases per year.

This card earns the same points as both the Chase Sapphire Preferred Card and the Chase Sapphire Reserve. And if you hold either of them in conjunction with the Ink Preferred Card, you can combine the points into the same Ultimate Rewards account.

Read more: 8 Great Ways to Use a Big Chase Bonus.

 

10. Citi / AAdvantage Platinum Select World Elite Mastercard

Current Offer: The Citi / AAdvantage Platinum Select World Elite Mastercard is currently offering 50,000 American AAdvantage miles after spending $2,5000 in the first three months of card membership.

Annual Fee: $99 (waived for the first year of card membership)

 

Beat American Basic Economy

 

Click Here to Learn More about the Citi / AAdvantage Platinum Select World Elite Mastercard

 

Why This Offer Makes the List: 
Most airlines offer these co-branded credit cards through just one bank. Delta has its suite of SkyMiles American Express credit cards. United Airlines, meanwhile, has a few Chase credit cards like the United Explorer Credit Card.

But American Airlines is different. They have co-branded credit cards with two different banks: Citi and Barclays. It’s a holdover from the merger of American and U.S. Airways back in 2015 – both credit card relationships have survived to this day.

Why does this matter? It means you can apply for and open credit cards from both banks – and earn the sign-up bonus on each. This is where the value comes from.

To start with, few credit cards offer a better, more lucrative sign-up bonus offer than the AAdvantage World Elite Mastercard from Barclays. Just for opening the card, making a single purchase, and paying the upfront $99 annual fee, you will earn 50,000 American Airlines miles.

And then there’s American’s relationship with Citi, which means you can also apply for the Citi AAdvantage Platinum Select Card. This card currently offers 50,000 AAdvantage Miles after spending $2,500 within the first three months of card membership. And this card’s $99 annual fee is even waived for the first year.

Put these two cards together: Pay one $99 annual fee (on the Aviator Red Card), and spend just $2,500 on the other (the Citi Platinum Select World Elite card) in three months. Bam: You’ve got 100,000 American miles. It’s one of the best credit card offers you will find.

Read: How to Quickly Earn 110K American Airlines Miles. 

 

11. IHG Rewards Club Premier Credit Card

Current Offer: The IHG Rewards Club Premier Credit Card is currently offering 140,000 IHG Rewards Club points after spending $3,000 in the first three months of card membership. Limited Time Offer!

Annual Fee: $89 (waived for the first year!)

 

IHG Rewards Club Premier

 

Click Here to learn more about the IHG Rewards Club Premier Credit Card

 

Why This Offer Makes the List: 
The IHG Rewards Club Premier Credit Card has long been one of our favorite hotel credit cards. And historically, the sign-up bonus offer has been only 80,000 points for the same spending requirement.

On top of this bigger sign-up bonus offer, you’ll receive a free night certificate each year on your cardmember anniversary for properties that cost 40,000 points or less. This alone can offset the $89 annual fee.

You’ll also get automatic IHG Platinum Elite status just for holding the card, and receive your fourth night free when you book three or more consecutive award stay nights.

In addition to this offer being increased, you can also currently earn 100,000 IHG Rewards Club points on the no annual fee IHG Rewards Club Traveler Credit Card.

Read our full review of the Chase IHG Rewards Club Premier Card.

 

Bottom Line

October has been a huge month in terms of elevated credit card offers. These are some of the best that are currently available. And make sure to check our Top Credit Cards Page, as offers are always changing.

 

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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