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What are credit card sign-up bonuses?

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Credit card sign up bonus is a promotion offer that is given to new clients of banks and financial institutions. These rewards come in the form of reward points, cash back, or travel points and are usually given to card holders within the first few months of issuing the card or within the card’s first year. How Sign-Up Bonuses Work As for the features of bonuses, the individual reward, which is given by the credit card issuer to the holder, is given on the basis of meeting certain requirements, such as spending a fixed amount within a given period of one to three months. For example, you could get 5,000 reward points or some amount in cash back if you spend of ₹50,000 in the first three months on a specific card. Types of Sign-Up Bonuses 1. Reward Points: These points can be cashed in for items like groceries, hampers, gift cheques, or even outstanding travel bookings. They are flexible, keeping in mind that they may be used under many classes. 2. Cashback: This type of bonus gives th

Best credit card sign-up bonuses for July 2024

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All credit cards across India often come up with new offers and promotional schemes for customers within a given time; this is the best chance to fully maximize the use of the credit card. Here are some of the best credit card sign-up bonuses available in July 2024:  1. HDFC Bank Regalia Credit Card - Sign-Up Bonus: To create the card, 2,500 bonus points will be awarded to you. - Value: They are taken in barter for trips, vouchers, and many kinds of products. - Perks: Of the joining bonuses, member can be rewarded 4 points for every ₹ 150 spent, airport lounge visits over 1000 across the world free and can obtain up to 15% off on bills on dining among restaurant partners. - Annual Fee: ₹ 2,500/- (Claim can be made if the medical expenses does not cross ₹ 3,00,000/- in a year).  2. SBI Card Elite - Sign-Up Bonus: Five thousand reward bonus points is given to the card holder when the annual fee is paid. - Value: These points will also be usable to get e-vouchers and other relevant incent