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Best Credit Card Offers – October 2017

By: Bryce Conway – Founding Editor of 10xTravel.com

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Every month I share a post with what I believe are the top credit card offers on the market according to the 10xT staff. Today we are going to take a look at the best offers for October 2017.

I rank these offers by looking at their signup bonus, cardholder perks, ongoing value, and any fees they may charge. And while the best offer for you will vary depending on a number of factors, I am going to rank the top offers based on the order in which I think they should be chosen by the average person.

If you’ve ever watched the NFL Draft before, consider this list my version of “Todd’s Big Board”. It’s simply the best overall cards available without regard to a specific points/miles need.

I also divide these top credit offers in to two lists, one for those of you who are over 5/24 and one for those of you who are under.

(If you don’t know what the Chase 5/24 rule is you’re going to want to give this a read)

As always, feel free to email me with questions about your own situation and I would be happy to help you select the best card for you.

Here we go!

Travel Planning October 2017 - 10xTravel Credit Cards

If you are under 5/24, here are the best cards available right now:

1) Chase Sapphire Preferred

Current Offer:

  • 50,000 bonus points after you spend $4,000 on purchases in the first 3 months.
  • 5,000 bonus points when you add an authorized user and make a purchase in the first 3 months
  • 2 points per $1 spent on dining and travel, 1 point per $1 on all other purchases
  • Trip delay and primary rental car insurance
  • $95 annual fee, waived the first year 

Commentary:

Once again, the Chase Sapphire Preferred comes in at #1 overall because of its incredible signup bonus, reasonable annual fee (that is also waived for the first year), and the amazing value of the points it earns.

Chase Ultimate Rewards points are widely considered to be among the best points in the industry thanks to their ability to be transferred to multiple airline and hotel partners. This gives you a ton of options for redeeming your points no matter where you want to travel.

You can also redeem Ultimate Rewards to book travel via the Chase travel portal at a value of 1.25 cents per point, meaning the 50,000 bonus points offered by this card are worth $625 toward travel.

Transferring them to Chase’s many transfer partners can provide the highest redemption values if you know where to look.

One of the best examples of this is round trip to Hawaii for just 25,000 Korean SKYPASS miles. Meaning that the 50,000 point signup bonus from this card could score you two round-trip flights to Hawaii.

Note that Chase has imposed new restrictions on the Chase Sapphire cards that limit your ability to get multiple versions of them. [More details on that here].

 

2) Chase Ink Business Preferred

Current Offer:

  • 80,000 bonus points after you spend $5,000 on purchases in the first 3 months.
  • 3 points per $1 spent on the first $150,000 spent on travel, shipping, internet, cable and phone services, and advertising purchases made with social media sites each account anniversary year.
  • $95 annual fee not waived first year

Commentary:

Chase Ink earns the same Chase Ultimate Rewards Points as the Chase Sapphire Preferred (discussed above) and Sapphire Reserve (below). The 80,000 bonus points are worth $1,000 toward travel booked through the Chase portal and can be transferred to any of Chase’s airline or hotel partners.

This is certainly the best business credit card on the market (we use it for all things 10xT) and also one of the best overall cards. If you’re not sure what you do qualifies as a business, let us help guide you through the process. Many people incorrectly assume that they are not able to qualify for business credit cards.

 

3) Chase Sapphire Reserve

Current Offer:

  • 50,000 bonus points after you spend $4,000 on purchases in the first 3 months.
  • 3 points per $1 spent on dining and travel, 1 point per $1 on all other purchases
  • $300 annual travel credit, good for any form of travel
  • Priority Pass Membership, giving you access to 900+ airline lounges worldwide
  • $100 Global Entry/TSA PreCheck credit every 5 years
  • Trip delay and primary rental car insurance
  • $450 annual fee not waived first year 

Commentary:

The Chase Sapphire Reserve is simultaneously one of the most popular and most misunderstood credit cards on the market right now. Most popular with points and miles enthusiasts, very misunderstood by those who can’t get past the massive $450 annual fee.

So let’s start with that fee. It’s $450, it is not waived for the first year, and it is an absolute bargain for what you get with this card.

For starters, 50,000 bonus Chase Ultimate Rewards Points which we have discussed above.

One thing to note though, Chase Ultimate Rewards points are worth 1.5 cents per point when you have the Sapphire Reserve (vs 1.25 cents each with Sapphire Preferred or Business Ink) if you redeem them through the Chase Travel Portal.

So, the 50,000 bonus points are worth, at bare minimum, $750 of travel when redeemed via the Chase Ultimate Rewards Portal.

Because you can combine all of your Chase Ultimate Rewards point under the Chase Sapphire Reserve, all of your Chase points are worth 1.5 cents per point when you have this card.

Next, the $300 annual travel credit. This credit works for just about any form of travel and the statement credit is applied automatically. Simply pay with your Sapphire Reserve and Chase will reimburse you for the first $300 spent per 12 months of being a cardholder.

Top October Cards - 10xTravel

I used $27.43 of my $300 travel credit to take an Uber to get tacos and margaritas. Thanks Chase.

Finally, the Sapphire Reserve comes with a complimentary Priority Pass Select membership, which gives you access to more than 900 airport lounges worldwide. You can also bring guests with you.

The Chase Sapphire Reserve also gives you a $100 credit every five years to cover your application fees for TSA PreCheck or Global Entry, as well as some of the best trip interruption and rental car insurance coverage on the market. Personally, I think that TSA Precheck is the best $100 I have ever spent.

The fee is certainly not cheap but in this case it is absolutely worth it.

Note that Chase has imposed new restrictions on the Chase Sapphire cards that limit your ability to get multiple versions of them. [More details on that here].

 

4) Southwest Airlines Rapid Rewards Credit Card (Premier, Plus, Business Premier)

Current Offer:

  • 60,000 bonus points after you spend $2,000 (3,000 for the Business Premier card) on purchases in the first 3 months.
  • 6,000 bonus points on your cardmember anniversary (3,000 bonus points on the plus card)
  • $99 annual fee not waived on the Personal Premier and Business Premier, $69 fee not waived on Personal Plus
  • 2x points on all Southwest purchases, 1x on everything else

Commentary:

Note that this offer ends on October 4th so don’t delay.

The 60,000 bonus point offers on these cards are the highest I have ever seen and a substantial increase over the standard 40,000 point offer.

The real secret to these cards is using two of them to earn the coveted Southwest Companion Pass, which is widely considered to be one of the best perks in the points/miles world. The Southwest Companion Pass allows you to bring a friend on any Southwest flight you fly for just the taxes and fees. You need to earn 110,000 Southwest Rapid Rewards points in a calendar year to earn the pass so two of these card bonuses would be more than enough for you to qualify.

Right now is not an ideal time to earn the pass but the 60,000 point bonuses on these Southwest cards make doing so incredibly easy.

Again, this offer ends on October 4 so don’t hesitate.

 

5) Marriott Rewards Premier Credit Card

Current Offer:

  • 80,000 Marriott points after $3,000 spend in the first 3 months
  • 7,500 bonus points for adding an authorized user and making a purchase in the first 3 months
  • 5 points per $1 spent at Starwood and Marriott properties, 2 points per $1 spent on airfare purchased directly from the airline, rental car agencies, and restaurants plus 1 point per $1 on all other purchases
  • One free night at a Marriott Category 1-5 hotel each year after your account anniversary
  • $85 annual fee, not waived first year 

Commentary:

The Marriott Rewards Premier Credit Card is one of the best hotel cards on the market thanks to the generous 80,000 point sign-up bonus, the ability to transfer those points to and from Starwood (which gives you access to airline transfer partners), and the annual free night at a Category 1-5 Marriott hotel just for being a cardholder.

I recently combined my 80,000 point bonus with some leftover Starpoints to book a 5 night stay at the Rome Marriott Grand Hotel Flora, which typically goes for ~$250 a night.

Top October Cards - 10xTravel

The Rome Marriott Grand Hotel Flora, image compliments of Marriott.com

 

6) United MileagePlus Explorer Card

Current Offer:

  • 40,000 bonus points after you spend $2,000 on purchases in the first 3 months.
  • 5,000 bonus points when you add an authorized user
  • The personal version earns 2x miles on United purchases and 1x on everything else
  • $95 annual fee not waived first year

Commentary:

Be sure to check your United MileagePlus account, as many people are being targeted for a 70,000 bonus point offer for the personal card.

These cards also come with the usual airline card perks such as free checked bags and priority boarding. You’ll also receive two United Club passes after approval and every 12 months as long as you hold the card.

 

Also Consider:

Chase Freedom Unlimited – $150 cash back after you spend $500 in the first 3 months

Chase Freedom – $150 cash back after you spend $500 in the first 3 months

 

If you are over 5/24, here are the best cards available right now: 

1) Citi Prestige Card

Current Offer:

  • 75,000 bonus points after you spend $7,500 in the first 3 months.
  • 4th night free on hotel bookings made via the Citi ThankYou Portal
  • $250 statement credit for flight-related expenses
  • $100 statement credit for Global Entry or TSA Precheck application fee
  • 3x points on airfare and hotels, 2x on dining and entertainment, 1x on all other purchases
  • Priority Pass Select membership
  • $450 annual fee, not waived

Commentary:

75,000 is the highest bonus I have ever seen on this card, making it a must grab if you have ever considered the Citi Prestige. Like with Chase Ultimate Rewards, you can use Citi ThankYou Points to book travel via the Citi ThankYou Portal or transfer them to 15+ airline and hotel partners (Singapore KrisFlyer, Cathay Pacific, Air France, etc.). The 75,000 bonus points are worth $935 of airfare when redeemed at the Citi ThankYou Travel Center.

You can also now redeem these points for cold hard cash at a value of 1 cent per point (so 75,000 = $750). Not the best value for these points but a great option for anyone who would prefer cash over free travel.

This card also has all the usual premium perks such as lounge access, no foreign transaction fees, and trip cancellation benefits.

Oh, and the card is now made of metal. Which is never a bad thing.

Remember to consider the Citi bonus and application rules before applying for this card. If you have opened or closed another Citi ThankYou Points earning card in the last 24 months you might not be eligible for the bonus.

 

2) The Business Platinum Card from American Express

Current Offer:

  • 50,000 bonus American Express Membership Rewards Points after you spend $10,000 in the first 3 months.
  • 25,000 additional bonus points after you spend an additional $10,000 in the first 3 months
  • 5x points on flights and prepaid hotels book on amextravel.com
  • Priority Pass Select membership
  • $200 annual airline fee credit
  • $450 annual fee, not waived

Commentary:

Like Chase Ultimate Rewards, American Express Membership Rewards are incredibly valuable because of their ability to be transferred to 17 airline partners and 3 hotel partners or use to book with Amex Travel

The spend required to earn the bonus on this card is one of the highest on the market but the 5x on travel bookings with Amex is a great perk for business owners who need to book a significant amount of travel.

Amex Business Platinum cardholders also get complimentary access to the Amex Centurion Lounges, which are some of the best airport lounges in the US.

Cardholders also receive Gold status with Starwood Preferred Guest (SPG) and Hilton. When you link your SPG and Marriott accounts, you will then have Gold status with Marriott as well.

And lastly, American Express just upgraded this card to a new metal version. Not exactly a travel perk, but it certainly beats a plastic card.

 

3) Chase IHG Rewards Club Credit Card

Current Offer:

  • 80,000 IHG points after $1,000 spend in the first 3 months
  • 5,000 bonus points for adding an authorized user and making a purchase in the first 3 months
  • 5 points per $1 spent at IHG hotels, 2 points per $1 at gas stations, grocery stores, and restaurants, 1 point per $1 on all else.
  • One free night at any IHG hotel after your account anniversary each year.
  • IHG Platinum Status for as long as you hold the card.
  • 10% points rebate up to 100,000 points per year.
  • $49 annual fee, waived first year

Commentary:

The standard offer on the IHG card is just 60,000 bonus points so the 80,000 points is an incredible deal.

The IHG card confuses a lot of people because you have probably never seen an “IHG Hotel” along the side of the road. IHG hotels include Intercontinental, Holiday Inn, Crowne Plaza, Candlewood Suites, and more. There are more than 5,000 of them to choose from worldwide.

Many IHG properties go for as little as 10,000 points per night, with occasional offers as low as 5,000 points per night via their Pointbreaks program.

And with a 10% rebate on any points spent you’ll be able to stretch this 80,000 point bonus even farther.

The annual free night is also a great perk that makes this card worth keeping long term.

 

4a) Business Gold Rewards Card from American Express

Current Offer:

  • 50,000 Membership Rewards points after you spend $5,000 on purchases in the first 3 months.
  • 3x points per $1 in a category of your choice, 2 points per $1 on other bonus categories, 1 point per $1 on everything else.
  • $175 annual fee, waived first year

Commentary:

The real benefit of the Business Gold card is the ability to choose your 3x points category. You can choose from airfare, advertising, gas stations, shipping, and computer hardware and software.

And of course you are earning 2x points on all the categories that you did not choose.

See the Business Platinum card commentary above for details on why Membership Rewards points are so valuable. Personally these are a close second in my book behind Chase Ultimate Rewards.

Another great perk of this card is the fact that the fee is waived for the first year. A rare feature for premium cards like this.

 

4b) The Platinum Card from American Express

Current Offer:

  • 60,000 American Express Membership Rewards points after spending $5,000 in the first three months
  • $200 in annual Uber credits
  • $200 in annual airline incidental fees with one airline
  • Priority Pass + Centurion Lounge access
  • $100 TSA Precheck/Global Entry fee credit
  • $550 annual fee, not waived first year

Commentary:

Like the Chase Sapphire Reserve, the Platinum Card from American Express is another example of a high-annual fee card that comes with a ton of great benefits.

Many people can’t get past the $550 fee, but the benefits more than make up for it.

The 60,000 bonus points can be transferred to 17 hotel and 3 airline partners or redeemed to book travel directly with American Express for a minimum of $600 of travel. You’ll get the most value by transferring to airline partners.

Throw in the $200 annual Uber credits ($15 per month and $35 in December). Simply add your Platinum Card to your Uber account and it’s automatic.

Like the Business Platinum from American Express, you will also receive Gold status with SPG and Hilton, an annual $200 airline fee credit, Priority Pass Select and Centurion Lounge access, and you’ll earn 5x points per dollar on hotel and airfare bookings via Amex Travel.

One key difference is that you can also earn 5x points per dollar on airfare when booking directly with an airline.

 

6) Starwood Preferred Guest Credit Card from American Express

Current Offer:

  • 25,000 bonus Starpoints after $3,000 spend in the first 3 months
  • 2 points per $1 spent at Starwood and Marriott properties l, 1 point per $1 on all other purchases
  • $95 annual fee, waived first year

Commentary:

The Starwood card is another card that is often overlooked by casual points and miles enthusiasts because it “only” offers 25,000 bonus points.

(Note that some people have reported being targeted for a 30,000 bonus point offer on this card)

What many fail to see is just how valuable these Starpoints can be.

For starters, you can use Starpoints to book Starwood hotels for as little as 3,000 points per night. Personally I used 25,000 Starpoints to book 6 nights at the beautiful Le Meridien Chiang Mai, Thailand.

Le Meridien Chiang Mai Pool

I booked Le Meridien Chiang Mai for just 3,833 Starpoints per night

With the Marriott merger now taking place you can also transfer your Starpoints to Marriott (and vice versa) at a rate of 1 Starpoint to 3 Marriott Rewards points.

You can also transfer Starpoints to more than 30 airline partners, receiving a 5,000-mile bonus when you transfer 20,000 Starpoints.

Many people I talk to are hesitant to give Starpoint a try, but often end up emailing me a month or two later asking how they can earn even more of this valuable rewards currency.

Note that there is also a business version of this card that offers 25,000 bonus Starpoints after $5,000 spend in the first 3 months.

 

7) Citi ThankYou Premier Card

Current Offer:

  • 50,000 bonus ThankYou Points after spending $4,000 in the first 3 months
  • 3x points on travel including gas stations, 2x on dining and entertainment, 1x on all else
  • $95 annual fee, waived first year

Commentary:

The Citi ThankYou Premier earns the same Citi ThankYou Points as the Citi Prestige, which was discussed above. The 50,000 bonus points offered by the ThankYou Premier are worth $625 of airfare when redeemed via the Citi ThankYou Travel Portal.

Note that you won’t be able to get both the ThankYou Premier and the Prestige due to Citi’s new bonus rules. So you will need to choose one or the other.

Overall I think the Citi Prestige is a much better card but the Premier is a decent option for anyone who is not willing to pay the hefty $450 annual fee charged by the Prestige.

 

Other cards to consider:

Bank of America Premium Rewards Credit Card: 50,000 bonus points after spending $3,000 in the first 3 months. $95 annual fee not waived first year. $100 annual travel credit for airline incidentals. The points can be redeemed at 1 cent each for statement credits so 50,000 = $500 in value.

Chase British Airways Visa Signature Card: 50,000 bonus Avios after $3,000 spend in 3 months, 25,000 more Avios after $10,000 in spend in the first year, and an additional 25,000 (up to 100,000 total) after you spend $20,000 in the first year. $95 fee not waived.

Barclaycard Arrival Plus World Elite MasterCard: 50,000 bonus miles, worth up to $500 in travel credits, after $3,000 spend in the first 3 months. $89 fee waived first year.

Capital One Venture Rewards Credit Card: 40,000 bonus miles, worth up to $400 in travel credits, after $3,000 spend in the first 3 months. $59 fee waived first year.

 

As always, feel free to email me (Bryce[at]10xtravel[dot]com) with any questions!

 

Happy Travels,

Bryce

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