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Big bonus mile credit card offers should keep coming — says Wall Street Journal

by on Wed July 6, 2011 • No Comment

The Wall Street Journal recently ran a story highlighting the great run of bonus mile credit card offers in the market recently. Why? The big banks are fighting to take customers from each other…and you, the consumer with a good credit score and decent income can be the winner. How are they doing it? Big bonus mile offers on airline credit cards, point credit cards, and hotel credit cards, like Chase’s 50,000 miles for the Sapphire Preferred® Card or Citi’s 50,000 points for the ThankYou Premier.

Banks don’t want to take on a lot of risk, so they’re showering the best consumers with these airline credit card offers in hopes of bringing them and their valuable spending into their portfolios. The Federal Reserve says 20% of banks recently eased lending standards for credit cards, up from 13% in January. Meanwhile, defaults on accounts are now down to 7% from a high of 11% during the recession.

The net of it is — expect the big offers to continue. As consumers with good credit histories spend more, expect the offers to follow, particularly on airline credit cards that carry an annual fee, which offers the banks a reliable source of low risk revenue.

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Chase Sapphire Preferred® Card

Miles dont expireas long as card is open
Learn more

Partner Offer

50,000 bonus points

Intro Offer

$0 introductory annual fee, then $95

Annual Fee


Foreign Transaction Fee Waived


Points Can Transfer to Airline Miles ?

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