No Widgets found in the Sidebar

Credit card companies offer incentives to sign up Standard procedure. , whether it is due to massive welcome bonuses, 0% introductory period, and other methods. But as an existing cardholder, it's easy to feel left out in the cold with seemingly few opportunities to match the value of the signup rewards.

It may not seem like it at first glance. However, many of the best credit cards continue to offer many perks to current cardholders. Let's take a look at some of the credit card benefits you can take advantage of with your existing rewards credit card.

Existing cardholder Keep an eye out for 0% annualized offers for people

Opening promotional emails from credit card companies costs money. The emails often offer surprisingly generous offers, such as 0% annual introductory interest for longtime cardholders. You can also contact your card issuer or look for special offers in your online account.

Although credit card companies don't have a formal process for obtaining interest-free offers, here are some tips: Probability of getting an interest free period:

  • Pay off your balance. When it comes to cardholders, the card issuer's primary motivation is to encourage active use of the card for purchases. When you pay off your balance, the credit card company loses potential revenue. So if you pay most or all of your balance before requesting a zero interest rate offer, you are more likely to get a 0% first year APR offer.
  • Request a retention offer. If all else fails, contact customer service and let them know you want to close your account. A retention agent may extend the interest free period to incentivize continued cardholder status. Of course, your card issuer may grant account closure requests without compromise, so you shouldn't try this strategy unless you're really ready to close your account.

Find offers linked to your card

Card-linked offers allow you to earn merchant discounts or cash back benefits when you use your card to make purchases at merchants. You usually get a discount at the cashier or receive a rebate as a statement credit or cash back.

Many card issuers offer card-linked transactions to increase customer loyalty, and data supports that strategy. Financial technology platform Wildfire Systems Inc. .research shows that 82% of high-income households value rewards, and 85% of Gen Z and millennial consumers say reward opportunities influence their shopping decisions. .

Chances are, your credit card already came with an offer program other than the card's ongoing reward rate.The most well-known offer programs include BankAmeriDeals, Amex Offers, and Chase Offers. These platforms require you to display all special promotions on your bank's website or app and link the desired offer to your credit card to activate each promotion. Receive a statement credit or cash back when you complete a qualifying purchase.

Monthly or yearly Maximize Your Statement Credit

Annual statement credit is another perk you can enjoy long after you open your credit card and is offered by most of the big names in the credit card industry. .

A credit on your credit card statement is money you receive from your credit card company or merchant, and refunds appear as credits on your account statement. Note that statement credits reduce your account balance, but do not apply to your minimum payment amount. Credit card companies require that you pay a minimum amount on your card balance each month.

Most card issuers offer an annual or cardholder anniversary statement credit, but some offer smaller credits on a monthly basis. For example, American Express offers American Express® Gold Card members a $10 monthly dining statement credit to use at select merchants such as Grubhub, The Cheesecake Factory and (up to $120 per year). dollar). However, you will not automatically receive credit. To redeem your credit, you must activate it online or call the number on the back of your credit card.

Refer to your card benefits guide to see which statement credits are available. Below are some annual statement credits offered by major credit card companies.

  • Capital One Savor Cash Rewards Credit Card*: The Savor Card entitles you to a free Uber One membership for up to 2 years until November 14, 2024, awarded as statement credit.
  • Blue Cash Everyday® card from American Express. Up to $180 Home Chef credit annually ($15 per month)
  • Capital One Venture X Rewards credit card: Cardholders can earn up to $300 in statement credit for travel arrangements made through the Capital One Travel Portal.
  • American Express's Business Platinum Card®: This business card provides him with a statement of up to $200 for incidentals with one selected airline each calendar year. Offer credit. You must be registered to receive certain benefits.

Find Annual Spending Bonuses

Many Travel Rewards cards can encourage and reward loyalty by offering annual spending bonuses that match the card's first sign-up bonus. Some cards also offer upgrades to elite status upon meeting certain credit limits.

Typically, these benefits come in the form of:

  • Airline Bonus Miles

    Strong>Many airlines offer , can offer annual mileage bonuses to reward spending. For example, with a variety of Southwest Rapid Rewards credit cards, he earns an unlimited 1,500 Tier Qualification Points (TQP) for every $10,000 spent annually on qualifying Southwest cards.

  • Hotel Elite Status Boost. If comfortable travel is the name of your game, you're keen to achieve certain elite statuses to increase your hotel benefits.For example, various Marriott Bonvoy credit cards offer 15-25 of elite night credits will be provided. This means you can earn various elite statuses within the Marriott Bonvoy program.
  • Complimentary hotel stay. If you have a hotel credit card, please check your benefits guide or contact a customer service representative to verify your free night requirements. Many hotel cards offer one or more free nights per year when you meet the card's specific spending criteria. For Marriott Cards, you can earn annual free night awards* on cards such as the Marriott Bonvoy Brilliant® American Express® Card and the Marriott Bonvoy Bountiful™ Credit Card*.


The initial credit card sign-up bonuses and perks you receive when your credit card is approved are substantial, but the fun doesn't stop there. With interest-free periods for existing customers, card-linked offers, statement credits, and annual bonuses, you can keep earning rewards long after you sign up.

To see what benefits are available If you are a long-time customer, check your card's benefits guide or contact your credit card issuer. Remember to open the message from your card issuer that appears in your inbox. Many of these messages contain time-sensitive offers that offer substantial rewards with reasonable requirements.

*Information relating to the Capital One Savor Cash Rewards Credit Card and the Marriott Bonvoy Bountiful™ Credit Card is independently collected by Bankrate. com. Card details are not verified or approved by the card issuer.