Chase And United Launch New No Annual Fee Card With 20K Welcome Bonus - Forbes

Chase And United Launch New No Annual Fee Card With 20K Welcome Bonus - Forbes


Chase And United Launch New No Annual Fee Card With 20K Welcome Bonus - Forbes

Posted: 02 Oct 2020 07:36 AM PDT

Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations.

Chase and United have launched changes to their co-branded card lineup. Starting today, there's a new no-annual-fee consumer card in the United MileagePlus family. The United Gateway℠ Card earns elevated reward miles on United flights, at gas stations and on transit and other forms of commuting.

Additionally, the United℠ Business Card has beefed-up its welcome bonus. Now, new cardholders are eligible for the following offer: Earn 75,000 bonus miles after $5,000 in purchases within the first 3 months of account opening. Plus, get a $0 intro annual fee for the first year, then $99.

The United Gateway Card Launches

The new card comes with the following attributes:

  • Earn 20,000 bonus miles after you spend $1,000 on purchases in the first 3 months your account is open.
  • Earn 2 miles per dollar spent on eligible United purchases, gas stations, local transit and commuting.
  • Earn 1 mile per dollar on all other purchases.
  • Get a 25% rebate as a statement credit on in-flight purchases of food, beverages and Wi-Fi on United-operated flights.
  • No foreign transaction fees charged when making international purchases.
  • Trip cancellation/interruption insurance of up to $1,500 per person and $6,000 per trip for your prepaid nonrefundable passenger fares.
  • Concierge services are included with card membership.

The United Gateway Card is an attractive option for someone who only occasionally travels by air but wants to earn miles towards free flights. It's especially made for those who have temporarily swapped air travel for road travel due to the pandemic or normally spend time as road warriors in addition to flying.

United's previous no annual fee card, the United℠ TravelBank Card*, stopped taking applications several months ago. Current TravelBank customers will be converted to the Gateway card.

United has stopped publishing award charts, making it a challenge to suss out the exact value of the United Gateway card's 20,000 mile bonus. The lowest award flights within the U.S. typically start at 12,500 miles plus taxes and fees, but occasionally you can find seats on undersold flights for as low as 5,000 MileagePlus miles.

Since United is part of the Star Alliance, you could get more flexibility by booking flights on a partner airline. Do keep in mind that United does charge more for some premium partner airline redemptions vs. flying the same route on United metal.

Boosted Bonus on the United Business Card

United and Chase have also boosted the bonus on the United Business card with the following limited-time offer: Earn 75,000 miles after spending $5,000 within the first three months of account opening. The previous offer on the card, which carries an annual fee of $0 Intro for First Year, then $99, was 60,000 miles after spending $3,000 within the first three months of account opening.

Although the current offer is now 15,000 more miles, it also requires an additional $2,000 in spending.

Bottom Line

The new United Gateway card could make sense for someone who is looking to earn more United miles without paying an annual fee. It makes the most sense for infrequent flyers who don't often check bags. If you fly more than once a year and check a bag, the United℠ Explorer Card is likely worth the price. For an annual fee of $0 Intro for First Year, then $95, you'll get a more robust welcome bonus: 40,000 bonus miles after you spend $2,000 on purchases in the first 3 months your account is open. Plus, a free roundtrip checked bag for you and a traveling companion, worth up to $140. That's easily worth the cost of ownership.

If you've been eyeing the United Business card and have plans to spend an amount that could meet the minimum spending requirement, it could be a worthwhile opportunity to snag a larger welcome bonus.

Capital One Venture sign-up bonus: Earn 100k miles for a limited time - Business Insider - Business Insider

Posted: 22 Sep 2020 12:00 AM PDT

This article is brought to you by the Personal Finance Insider team. It has not been reviewed, approved, or otherwise endorsed by any of the issuers listed. Some of the offers you see on the page are from our partners like Citi and American Express, but our coverage is always independent. Terms apply to the offers listed on this page.

  • The Capital One® Venture® Rewards Credit Card is one of the best travel credit cards, especially if you don't want to keep track of bonus categories.
  • You'll earn 2 miles per dollar no matter what you buy, and it has a reasonable annual fee of $95.
  • The standard sign-up bonus is 50,000 miles, but for a limited time new cardholders can earn 100,000 miles.
  • You'll earn 50,000 miles after you spend $3,000 in the first three months, and another 50,000 miles after you spend $20,000 within the first 12 months of account opening.
  • See Business Insider's list of the best travel credit cards »

Even if you have no idea when you'll feel comfortable traveling again, it's a good idea to build up your stash of points and miles now. After several pretty quiet months on the rewards credit card front, we're starting to see some exciting new sign-up offers, so you have great options for getting started.

The Chase Sapphire Preferred® Card just launched a record-high sign-up of 80,000 points (after you spend $4,000 in the first three months of account opening), and now the Capital One® Venture® Rewards Credit Card has an excellent limited-time offer of its own.

Annual Fee

$95

Regular APR

17.24% to 24.49% variable

Credit Score

Good to Excellent

Editor's Rating

Featured Reward

50,000 miles once you spend $3,000 on purchases within 3 months from account opening

Intro APR

N/A
Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.
  • Details
  • Pros & Cons
  • Annual Fee: $95
  • Regular APR: 17.24% - 24.49% (Variable)
  • Sign-Up Bonus: Earn 50,000 Bonus Miles once you spend $3,000 on purchases within the first 3 months from account opening
Pros
  • Annual fee waived the first year
  • No bonus categories to keep track of
  • Includes up to a $100 statement credit for Global Entry or TSA PreCheck
Cons
  • Other credit cards offer higher rewards in certain categories of spending
Read Our Review Read Our ReviewA looong arrow, pointing right

You'll earn 50,000 miles after you spend $3,000 in the first three months, and to earn the full 100,000 miles, you'll need to spend $20,000 on the card in the first 12 months from account opening. That sounds like a lot of money — and it is — but it breaks down to an average of $1,666 per month. If you use the Capital One Venture as your primary credit card in your first account year, meeting the minimum spending requirement to earn 100,000 miles could be quite doable.

This is a limited-time offer, and Capital One hasn't shared the end date. That means you shouldn't wait to apply.

The Venture card is worth considering beyond the bonus

Aside from the welcome bonus, the Capital One® Venture® Rewards Credit Card is worth considering if you want to earn travel rewards without having to devote hours to learning the ins and outs of the points and miles hobby.

It's a straightforward card that earns 2x miles on every purchase, and you can redeem your miles at a rate of 1 cent per mile to cancel out travel purchases made on your card. You can also transfer Capital One miles to a handful of airline and hotel partners, including Air Canada, JetBlue, and Wyndham. 

The Venture card offers a statement credit of up to $100 to cover the application fee for Global Entry or TSA PreCheck. That may not seem like a relevant benefit right now, but you'll want to have expedited security and immigration clearance once you do finally travel. There's a $95 annual fee, and no foreign transaction fees.

Again, we don't know when this 100,000-mile offer will end, so don't wait to apply if you're interested in this card.

Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

Business Insider may receive a commission from The Points Guy Affiliate Network, but our reporting and recommendations are always independent and objective.

Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.

Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

Comments

Popular posts from this blog

Window for Small Businesses to Apply for PPP Funding Closes Saturday - Bay News 9

List of Easy Approval Net 30 Accounts for 2020 - Nav

This new business index offers a more accurate way to forecast recessions - MIT Sloan News