topic Re: How long do bonuses typically last? in Credit Cards

How long do bonuses typically last?

Anonymous — Sat, 09 Jan 2016 01:14:31 GMT

I ought to garden for a bit but grabbing the $150 bonus on the Chase Freedom card would be a huge help. How likely is that to still be going on in 6-10 months' time?

Wondering this in general too about other cards.

Re: How long do bonuses typically last?

Callandra — Sat, 09 Jan 2016 01:16:18 GMT

Freedom always has a $100 for $500 spend. The limited time bonus can pretty much end whenever but if you apply right after it ends, Chase may still honor it. Otherwise, they'll probably bring it back. I think last year, they offered it in spring and then fall-ish/winter so I'm sure some form of it will be back.

Re: How long do bonuses typically last?

Anonymous — Sat, 09 Jan 2016 02:32:31 GMT

@Callandra wrote:
Freedom always has a $100 for $500 spend. The limited time bonus can pretty much end whenever but if you apply right after it ends, Chase may still honor it. Otherwise, they'll probably bring it back. I think last year, they offered it in spring and then fall-ish/winter so I'm sure some form of it will be back.

Thanks! That makes my decision for me.

Re: How long do bonuses typically last?

Anonymous — Sat, 09 Jan 2016 04:59:06 GMT

@Anonymous wrote:
@Callandra wrote:
Freedom always has a $100 for $500 spend. The limited time bonus can pretty much end whenever but if you apply right after it ends, Chase may still honor it. Otherwise, they'll probably bring it back. I think last year, they offered it in spring and then fall-ish/winter so I'm sure some form of it will be back.
Thanks! That makes my decision for me.

Well actually it goes up to $200 once in a while. Have you fully evaluated all of your options? You could get $200 from BOA travel rewards, you could get $200 from AARP dining card and have a 3% card.

Also the bank of america BBR would give you 100-120 a year, year after year...so theres that....

If you can afford to spend a grand in 90 days, I would apply for the freedom, and then app for the AARP, chase is always 1 or 2 inquiries, and chances are the two apps would merge.

Re: How long do bonuses typically last?

Anonymous — Sat, 09 Jan 2016 06:24:02 GMT

@Anonymous wrote:

Well actually it goes up to $200 once in a while. Have you fully evaluated all of your options? You could get $200 from BOA travel rewards, you could get $200 from AARP dining card and have a 3% card.

Also the bank of america BBR would give you 100-120 a year, year after year...so theres that....

If you can afford to spend a grand in 90 days, I would apply for the freedom, and then app for the AARP, chase is always 1 or 2 inquiries, and chances are the two apps would merge.

Great info, thanks! I can only afford to spend a grand in 90 days once per year when I purchase a year of car insurance at once, plus siphoning bills and other spending through that as much as possible for that time period. That's why I was wondering about the bonuses and how long they lasted. It'd be cool if the timing worked out to catch a $200 bonus! And excellent tip on apping both at once to merge them and grabbing both bonuses. This is why I love it here!!!

Also thanks for the heads up on the BBR card, I somehow missed that one and I'll definitely be investigating.

Re: How long do bonuses typically last?

Anonymous — Sat, 09 Jan 2016 07:47:47 GMT

@Anonymous wrote:
If you can afford to spend a grand in 90 days, I would apply for the freedom, and then app for the AARP...

Do you have to be 50 or over to app for the AARP card?

Re: How long do bonuses typically last?

Anonymous — Sat, 09 Jan 2016 09:01:54 GMT

Ymmv on the Chase inqs combining. (As someone pointed out to me)

No, there is no age requirement to get the AARP card.
Proud 18 year old AARP cardholder here.

Re: How long do bonuses typically last?

takeshi74 — Sat, 09 Jan 2016 18:06:56 GMT

@Anonymous wrote:
How likely is that to still be going on in 6-10 months' time?

Wondering this in general too about other cards.

There's no usual and you can't rely on "usual". Offers vary. New offers appear, old ones disappear. The Freedom offer has been around for quite some time but always keep in mind the usual caveat about past versus future performance.

Re: How long do bonuses typically last?

Anonymous — Sat, 09 Jan 2016 18:30:42 GMT

@takeshi74 wrote:
@Anonymous wrote:
How likely is that to still be going on in 6-10 months' time?

Wondering this in general too about other cards.
There's no usual and you can't rely on "usual". Offers vary. New offers appear, old ones disappear. The Freedom offer has been around for quite some time but always keep in mind the usual caveat about past versus future performance.

When considering waiting for increased bonuses (although in your case it is the other way round!) you should always consider the value of the card. So if your current cards give 1% back on the Freedom categories, if you max out, you gain an extra $65 per quarter, so if you can really use the card, it is rarely waiting for a few months to get a higher bonus. (And if you can't use the card, not worth getting!) So in your case don't worry if the bonus is back to $100 when you are ready.

Re: How long do bonuses typically last?

myjourney — Sun, 10 Jan 2016 00:41:15 GMT

@Anonymous wrote:
Ymmv on the Chase inqs combining. (As someone pointed out to me)

No, there is no age requirement to get the AARP card.
Proud 18 year old AARP cardholder here.

Bravo you got it....

WTG

Re: How long do bonuses typically last?

Anonymous — Sun, 10 Jan 2016 02:08:50 GMT

@Anonymous wrote:
@takeshi74 wrote:
@Anonymous wrote:
How likely is that to still be going on in 6-10 months' time?

Wondering this in general too about other cards.
There's no usual and you can't rely on "usual". Offers vary. New offers appear, old ones disappear. The Freedom offer has been around for quite some time but always keep in mind the usual caveat about past versus future performance.
When considering waiting for increased bonuses (although in your case it is the other way round!) you should always consider the value of the card. So if your current cards give 1% back on the Freedom categories, if you max out, you gain an extra $65 per quarter, so if you can really use the card, it is rarely waiting for a few months to get a higher bonus. (And if you can't use the card, not worth getting!) So in your case don't worry if the bonus is back to $100 when you are ready.

Once I get it I'd plan for it to become my main card, but I would never come anywhere near maxing out the categories since I live on a low budget with $733/month income. So the bonuses are typically a lot more valuable to me than the cash back rewards.

Re: How long do bonuses typically last?

Anonymous — Sun, 10 Jan 2016 02:10:54 GMT

@myjourney wrote:
@Anonymous wrote:
Ymmv on the Chase inqs combining. (As someone pointed out to me)

No, there is no age requirement to get the AARP card.
Proud 18 year old AARP cardholder here.
Bravo you got it....
WTG

I look at it like gambling. Chase can always pull 1 or 2 bureaus for one card. In my mind I highly doubt they are going to hit me with 4 inquiries for 2 cards. But yes, its always YEMV.

That is important to state that because it can be misleading. Thank you for pointing this out.