Is the signup bonus on a travel credit card worth it?

Consider the value of all those extra points before applying

What is the value of the bonus offer?

To understand how current travel card offers compare, we have gathered some of the highest value offers available now. The value is based on the number of points or miles advertised for new cardholders, and our calculations of reward values in various programs, on average:

Can you meet the spending requirements to earn the bonus?

Credit card reward offers for new cardholders require new cardholders to spend a certain amount within a short period after opening the account. The terms of welcome bonuses can vary greatly, but larger offers often come with larger spending requirements.

Are you eligible for the bonus?

Credit card signup bonuses are intended for new cardholders. There are many terms and conditions that prevent consumers from taking advantage of bonus offers on double credit cards. Check the fine print before getting a big bonus offer.

Will you use the card regularly?

The best travel cards not only increase your rewards balance, but also offer benefits you will enjoy even after you exhaust the bonus. Look at how many points the card earns for every dollar you spend, and whether it offers extra rewards on big purchases like travel or everyday expenses like groceries or dining out.

Should you open a credit card for a big bonus?

Decide whether to open a new credit card to really earn the extra points based on your financial situation. If you qualify for the bonus, can meet the spending requirements, and have good credit, it may be worth it, especially if the bonus is large enough to fund a significant part of the trip you’re planning. All those rewards can help you save money on travel costs and even help you book a trip sooner.

Source: https://www.thebalancemoney.com/travel-credit-card-sign-up-bonus-worth-it-5186243