Elevated Credit Card Offers from Chase and Capital One Are Popping Up Left and Right Amid More Tepid Consumer Backdrop

It’s not just you. You’re probably getting more mail from banks and creditors, advertising bigger and beefier sign-up bonuses (SUBs) for everything from bank accounts to credit cards. In recent weeks, creditors have rolled out a number of wild offers to entice cardholders, including a 350K ($3.5K) point offer for ultra-spendy business owners. But for consumers, there’s still plenty to cheer:

• The $95/yr Chase Sapphire Preferred (CSP) is offering a best-ever 100K point offer for new cardholders who spend $5K in three months, which could be worth upwards of $1.25K if used on Chase Travel.
• In addition, Capital One is still offering $1K in travel bonuses for new Venture cardholders who spend $4K in three months, and United, IHG, and Hilton are offering elevated offers, too.

The new inflation? So are the new offers just a sweetener for Americans amid a tougher economic background, or are they an admission that points just don’t go as far as they used to? Maybe both. However, for those who can responsibly juggle credit, elevated SUBs offer a way to make some easy money for spending as you’d already do. Remember to review the terms — and not just the perks — before opening.