Wouldn’t it be great to earn the same sign-up bonus several times? Some credit card issuers let you do just that. Here’s a look at which cards you can churn and the rules you have to follow to earn more than one bonus.
Every card company is different. Some make it relatively easy to earn the same sign-up bonus several times, while others, like American Express, are fairly restrictive. Below is a breakdown of the rules for each card issuer and the rewards cards you should consider getting.
Of the three major issuers, Chase has the most lenient rules when it comes to earning multiple sign-up bonuses with the same credit card. All you have to do is wait two years after getting the bonus—not from when you cancel the card—before applying again. That means you can keep the card for 24 months after getting the bonus, cancel it, and then immediately apply again.
That’s great, particularly if you like the benefits and features of the card you have. You won’t have to do without it for two years while waiting to get the bonus again.
Chase has several excellent offerings in its Ultimate Rewards program lineup. The recently introduced Chase Sapphire Reserve currently comes with a huge 50,000-point sign-up bonus, a $300 annual travel credit and Priority Pass Select lounge access. If you use them, those benefits more than cover the $450 annual fee.
The Chase Sapphire Preferred is also an excellent choice, and it has a very manageable $95 annual fee that’s waived for the first year. It comes with a 50,000-point sign-up bonus and earns double points for travel purchases and at restaurants.
Small business owners and independent contractors qualify to get the Chase Ink Plus Business card, which has a slightly bigger 60,000-point bonus and impressive quintuple earning for office supplies, telecommunications, internet and cable, as well as double points at gas stations and restaurants. The only drawback is that its $95 annual fee is not waived the first year.
In order to get a second sign-up bonus for the same Citi-issued card, you have to cancel the card and wait 18 months before applying for it again. The catch is that you can’t open or close any Citibank credit card account that’s part of the same program during that time period.
That means you cannot get a new Citi ThankYou Prestige card if you’ve either received or canceled a ThankYou Premier or Preferred card during the previous 18 months. Thankfully, Citi considers the co-branded American Airlines cards it issues to be separate from its ThankYou cards, so you can get an AAdvantage and ThankYou card at the same time and receive both sign-up bonuses.
At the moment, the only card in the Citi ThankYou lineup offering a sign-up bonus is the premium ThankYou Prestige. For the card’s $450 annual fee, you’ll get a 40,000-point bonus, a $250 air travel credit and airport lounge access. You’ll also get triple points for airfare and hotels, and double points for dining and entertainment.
The ThankYou Premier card has come with a sign-up bonus in the past, so if you’re interested in the ThankYou rewards program, it’s worth keeping an eye on that card to see if bonus is offered again.
All of the co-branded Citi / AAdvantage cards come with sign-up bonuses. You’ll get 50,000 miles with the premium AAdvantage Executive World Elite card, 30,000 miles with the AAdvantage Platinum Select and 25,000 miles with the AAdvantage Gold.
Of the three big reward card issuers, American Express has the most restrictive sign-up bonus policy. Amex used to allow you to earn a second bonus if you waited 12 months before reapplying, but now you can earn only one sign-up bonus for each personal card they offer.
However, you can get a sign-up bonus for both the personal and business version of the same card, and Amex also allows you to earn several bonuses with the same business card. You just have to wait a year before reapplying.
That means you can get the 25,000-point bonus for both the Premier Rewards Gold card and the Business Gold Rewards card. Then cancel your Business card and reapply 12 months later and get another 25,000 points. Of course you have to be a small business owner or independent contractor to qualify for that card.
While both versions of the Amex Platinum card are worth considering, the Business Platinum currently comes with an impressive 100,000-point sign-up bonus if you can meet the $15,000 minimum spend. The personal version comes with the standard 40,000-point bonus. Both cards are packed with benefits and perks, like travel credits and lounge access, as well as a $450 annual fee.
The EveryDay and EveryDay Preferred cards are both solid options too, even if they come with much smaller bonuses. You’ll get 10,000 points with the no-fee EveryDay card, and 15,000 points for the $95-a-year EveryDay Preferred. The Preferred card offers better bonus earning categories, giving you triple points for groceries and double points for gas.
There are six co-branded Delta cards issued by Amex: the Gold Delta SkyMiles, Platinum Delta SkyMiles and Delta Reserve, as well as the business versions of those three cards. The Gold and Platinum cards, which come with $95 and $195 annual fees, respectively, have 30,000- to 35,000-mile sign-up bonuses. The Reserve card, which includes Sky Club lounge access, has a smaller 10,000-mile bonus and a $450 price tag.
Barclays, which issues the Barclaycard Arrival cards, lets you earn multiple bonuses for the same card. You must wait six months between applications, though.
Bank of America and Capital One also let you earn multiple bonuses per card. There’s no stated wait time for either issuer, but you should probably wait at least 30 days between applications to increase your chances of getting a card.
Capital One offers several No Hassle cards that allow you to redeem miles toward statement credits for travel purchases. The Venture Rewards and the Spark Miles Business cards offer the biggest sign-up bonuses at 40,000 and 50,000 points, respectively.
Bank of America issues the Alaska Airlines Visa Signature card. While it comes with a solid 30,000-mile bonus, its most valuable benefit is the annual companion fare that allows you to take someone with you on a domestic round-trip flight operated by Alaska for only $99.
Is It Worth It?
Sign-up bonuses are the quickest and most lucrative way to earn miles and points. That’s why it’s worth learning the rules for the different issuers and churning those cards as much as possible. Getting more bonuses gets you free flights faster.