Best Credit Cards With Annual

Welcome bonuses are a win-win for credit card issuers and cardholders. They attract new customers while offering lucrative benefits such as a mountain points or even cold hard cash. 

 

Annual bonuses — which reward you for renewing your card membership and paying the annual fee — are even better. They can give you even more benefits and potentially outweigh the yearly cost. 

 

If you’re interested in a new credit card, then check out US News My Money’s top pics for the best credit cards with annual bonuses.

 

Southwest Rapid Rewards Premier

Annual fee: $99

Regular APR: 15.99% – 22.99% (variable)

Penalty APR: None

Balance Transfer fee: $5 or 5% per transfer, depending on which is more

Cash advance fee: $10 or 5% per transaction, depending on which is more

Foreign transaction fee: None

Credit score requirement: Good to Excellent (670-850)

 

The Southwest Rapid Rewards Premier credit card offers 80,000 bonus points — 50,500 for spending a minimum of $2,000 within three months of account opening and 30,000 for spending at least $10,000 within nine months.

 

In addition, you can earn 5 points for every dollar you spend on Southwest purchases. From now through the end of March, you can enjoy this rate on the first $2,000 you spend each month. That’s on top of two points for each dollar on every other Southwest Airlines purchase and one point for every dollar on everything else.

 

As for the annual bonus, Southwest will reward you with 6,000 points when you renew your account every year. There are zero foreign transaction fees, blackout dates, or restrictions. Your rewards never expire as long as your account is open.

 

Chase Sapphire Reserve

Annual fee: $550

Credit score requirements: Excellent (740-850)

Regular APR: 16.99% – 23.99% (variable)

Penalty APR: None

Balance Transfer fee: $5 or 5% per transfer, depending on which is more

Cash advance fee: $10 or 5% per transaction, depending on which is more

Foreign transaction fee: None

 

The Chase Sapphire Reserve’s steep annual fee is well worth the benefits this card offers, including the annual bonus. With it, you can enjoy 50,000 points when you spend $4,000 or more within three months of opening an account. If you redeem these points through the Chase Ultimate Rewards portal, that’s a $750 value toward your next trip.

 

Chase offers a $300 Annual Travel Credit as repayment for any travel purchases you made with your card. From now until June 30, 2021, supermarket and gas station purchases also help you earn this credit.

 

Once you qualify for the $300 credit, you’ll start earning triple the points on travel and dining purchases — including qualifying delivery and takeout — and one point for each dollar on everything else.

 

From now through April 30, 2021, you can earn triple the points on the first $1,000 you spend at the grocery store every month.

 

If you redeem your points for statement credits to pay for purchases in eligible rotating categories, you’ll get 50% more value from your points through Chase’s Pay Yourself Back program.

 

The Chase Sapphire Reserve offers one-to-one point transfers to the most popular airline and hotel chains so you can save even more, access to more than 1,000 airport lounges, Priority Pass Select, and $100 toward Global Entry or TSA Precheck.

 

Platinum Card From American Express

Annual fee: $550

Credit score requirements: Good to Excellent (670 – 850)

Cash advance fee: $10 or 5% per transaction, depending on which is more

Foreign transaction fee: None

 

The Platinum Card from American Express offers 75,000 Membership Rewards Points if you spend at least $5,000 within six months of account opening. You can also enjoy ten times the points on up to $15,000 qualifying gas station and supermarket purchases in your first six months as a cardholder. After that, you can continue to earn one point for every dollar.

 

If you are a Basic Card Member or Additional Centurion Cardholder, you’ll become an Uber VIP and receive $200 in statement credit for Uber rideshares or delivery each year. 

 

You can also earn five times the Membership Rewards Points when you reserve your flight through American Express Travel (up to $500,000). Additionally, you can enjoy the same rate when on prepaid hotel stays booked through amextravel.com.

 

Cardholders can get exclusive benefits worth $550 or more via American Express Travel and the Fine Hotels & Resorts program. Lastly, American Express will reward you with $100 statement credits each year for Saks Fifth Avenue purchases.

 

Source
  • US News Staff. “Best Credit Cards With an Annual Bonus.” U.S. News & World Report, U.S. News & World Report, 8 Jan. 2021, creditcards.usnews.com/annual-bonus.

 

Ian Schindler