These cards come with welcome offers worth an estimated $900 — or more

Young couple in city, standing on sidewalk and smiling Image:

Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors' opinions. Our marketing partners don’t review, approve or endorse our editorial content. It’s accurate to the best of our knowledge when it’s posted.
Advertiser Disclosure

We think it's important for you to understand how we make money. It's pretty simple, actually. The offers for financial products you see on our platform come from companies who pay us. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials.

Compensation may factor into how and where products appear on our platform (and in what order). But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. That's why we provide features like your Approval Odds and savings estimates.

Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can.

These days, you hear about credit cards offering new 100,000-point sign-up bonuses all the time.

Guess what? They’re overrated.

We did the math and found four welcome bonuses that could each be worth $900 or more — and it turns out these valuable welcome bonuses often come in under 100,000 points.

How did we figure this out? Instead of stopping at the points, we dug deeper to calculate a dollar value using our estimated value of what those points and miles are really worth. 

Take a look.



Chase Sapphire Preferred® Card: $1,122 estimated value

From our partner

Chase Sapphire Preferred® Card

From cardholders in the last year

See Details, Rates & Fees

Here’s why: It might surprise you to learn that this card has a more valuable welcome offer than the Chase Sapphire Reserve®. Here’s what you get with the Chase Sapphire Preferred® Card.

  • Welcome bonus: 60,000 points
  • Spending requirement: $4,000 on eligible purchases
  • How long you have to earn it: 3 months from account opening

That’s 10,000 more welcome bonus points than you can get from the Chase Sapphire Reserve®.

When redeemed for travel through Chase Ultimate Rewards®, the welcome bonus for each is worth $750, according to Chase, because Chase Sapphire Reserve® points have a higher redemption rate than points from the Chase Sapphire Preferred® Card. So it all equals out.

But here’s the trick: You could get a better value for your points if you redeem them through a transfer partner (instead of through Chase’s own rewards program). According to our estimated point valuations, some transfer partners offer better redemption rates than Chase does. So if you can take advantage of a better redemption rate, the welcome bonus with more points becomes more valuable.

If you transfer to World of Hyatt®, your Chase Sapphire Preferred® Card welcome bonus could be worth about $1,122, based on our estimated valuation of 1.87 cents per point for the World of Hyatt program. But depending on which transfer partner you choose and how you redeem, your points could be worth more or less.

On top of the bigger welcome bonus, the Chase Sapphire Preferred® Card also comes with a more affordable $95 annual fee. The Chase Sapphire Reserve® has an annual fee of $450.

You can learn more in our review of the Chase Sapphire Preferred® Card.

Chase Sapphire Reserve®: $935 estimated value 

From our partner

Chase Sapphire Reserve®

From cardholders in the last year

See Details, Rates & Fees

Here’s why: The welcome bonus from the Chase Sapphire Reserve® is worth $750 if you redeem it for travel through Chase’s rewards portal, according to Chase. But you could get a better value if you redeem through a Chase transfer partner. Depending on how you redeem, your bonus could be worth about $935 if you transfer your points to World of Hyatt.

  • Welcome bonus: 50,000 points
  • Spending requirement: $4,000 on eligible purchases
  • How long you have to earn it: 3 months from account opening

The elephant in the room is the card’s $450 annual fee, but this is partially offset by its $300 annual travel credit. You get this as reimbursement for travel purchases you make each account anniversary year.

Check out our review of the Chase Sapphire Reserve®.

The World Of Hyatt Credit Card: $935 estimated value

From our partner

The World Of Hyatt Credit Card

From cardholders in the last year

See Details, Rates & Fees

Here’s why: This card features a welcome bonus worth about $935 when redeemed for hotel stays, based on our estimated value of 1.87 cents per point.

  • Welcome bonus: Up to 50,000 points
  • Spending requirement: Up to $6,000 on eligible purchases
  • How long you have to earn it: It’s a two-tiered bonus, so you have to spend $3,000 on eligible purchases in the first 3 months your account is open to earn the first 25,000 points and then another $3,000 within the first six months to earn the second 25,000.

This card comes with a reasonable $95 annual fee that could be offset with the annual free night award that you can redeem at a Category 1 to Category 4 Hyatt hotel or resort after your account anniversary. Plus, you can earn a second award night if you spend at least $15,000 during your card account anniversary year.

Learn more about The World Of Hyatt Credit Card in our review.

Citi PremierSM Card: $924 estimated value

Here’s why: This card’s welcome bonus is worth $750 when redeemed for airfare through the ThankYou® Travel Center. But you might get more bang for your buck if you redeem through a Citi transfer partner.

If you transfer to JetBlue TrueBlue®, your welcome bonus could be worth about $924, based on our estimated valuation of 1.54 cents per point for the JetBlue TrueBlue program. But depending on which transfer partner you choose and how you redeem, your points could be worth more or less.

  • Welcome bonus: 60,000 points
  • Spending requirement: $4,000 on eligible purchases
  • How long you have to earn it: 3 months from account opening 

The Citi PremierSM Card has a reasonable $95 annual fee, but — unlike some of the other cards on this list — there are no freebies like travel credits or free hotel nights to offset it.

If you want to learn more, take a look at our review of the Citi PremierSM Card.


Making the most of a welcome bonus

A six-figure welcome bonus doesn’t necessarily make a card’s offer the most valuable. Our estimated point valuations can help you figure out how much your bonus could actually be worth in dollars and cents.

Ultimately, how much your points are worth depends on how you redeem those points. For example, you theoretically could get a higher point value if you use your hotel program points to redeem for hotel nights than for, say, cash back. But these offers can give you an idea of how much each bonus could be worth if you’re looking to maximize your rewards.