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With so many rewards cards out there, it can be difficult to choose the best credit card offers for your needs. To help narrow down your search, our team has compiled this list of the best credit card offers for May 2022.
You’ll want to choose the best cards for you based on your goals and spending habits. If you’re looking for a card with no annual fee, a 0% intro APR in the first year or the ability to multiply the points you earn on day-to-day spending, this list will help you take advantage of the best credit card deals right now.
Best credit card deals May 2022
Best May 2022 credit card promotions by card issuer
American Express promotions
American Express has some great limited-time credit card offers right now that you may find are worth taking advantage of. If robust welcome offers are your thing, or if you appreciate bonus points on items like gas, supermarket spending and dining, you’ll want to consider the following credit card promotions.
American Express special promotions
|Delta SkyMiles® Platinum American Express Card|
Other American Express promotions
- American Express® Gold Card: New and existing American Express® Gold Card members get up to $120 Uber Cash (up to $10 monthly credits in Uber Cash). Add your American Express® Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year. Terms apply.
- The Hilton Honors American Express Business Card: Earn 130,000 Hilton Honors Bonus Points after you spend $3,000 in purchases on the Card in the first 3 months of Card Membership. Plus, you can earn up to $130 in Statement Credits on eligible purchases made on the Card at any of the Hilton family hotels in the first 12 months of Membership. Offer expires 7/6/2022.
- Blue Cash Everyday® Card from American Express: Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. You will receive cash back in the form of statement credits.
- Blue Cash Preferred® Card from American Express: $300 back after you spend $3,000 in purchases on your new Card within the first 6 months. You will receive cash back in the form of statement credits.
Chase is well known for having a solid set of credit card offers. With plenty of options for many types of consumers, Chase credit card promotions are widely considered some of the best. Though there are often substantial Chase deals year round, you can get the most bang for your buck if you take advantage of Chase offers at the right time.
The following Chase promotions can offer you a multitude of excellent bonus points, savings and redemption options.
Chase special promotions
|Chase Sapphire Preferred® Card|
Not available on ValuePenguin
|Earn 75,000 bonus points after spending $5,000 on purchases in the first 3 months.|
|IHG® Rewards Premier Credit Card|
|Marriott Bonvoy Boundless® Credit Card|
|Earn 30,000 Bonus Points after spending $1,000 on purchases in your first 3 months from account opening|
|March 7 through May 15, 2022, World of Hyatt Credit Cardmembers will earn 10 Bonus Points total per $1 spent with their World of Hyatt Consumer or Business Credit Cards on stays at more than 100 AMR Collection properties globally. To qualify, World of Hyatt Credit Cardmembers must ensure their accounts are open and have an eligible stay at AMR Collection properties between March 7 and May 15, 2022. No registration required to participate. Receive your Bonus Points in your account two weeks after statement closes.|
Other Chase promotions
- World of Hyatt Credit Card: Earn up to 60,000 Bonus Points - Earn 30,000 Bonus Points after you spend $3,000 on purchases in your first 3 months from account opening. Plus, up to 30,000 More Bonus Points by earning 2 Bonus Points total per $1 spent in the first 6 months from account opening on purchases that normally earn 1 Bonus Point, on up to $15,000 spent.
Capital One promotions
Capital One has several limited-time offers this month, so if you’re looking for a serious welcome bonus or a generous cashback deal on categories like dining, streaming, groceries and more, you’ll want to check out their current promotions.
Capital One special promotions
|Capital One® Savor® Cash Rewards Credit Card|
|Capital One Venture Rewards Credit Card|
|Capital One Spark Cash Select - $500 Cash Bonus|
|Capital One Venture X Rewards Credit Card|
Other Capital One promotions
Bank of America promotions
Bank of America is running some great limited-time offers this month, including double points on grocery store purchases and wholesale clubs, and 3% cash back on the category of your choosing, as well as a $200 cash rewards bonus offer for the Bank of America® Customized Cash Rewards credit card. For Preferred Rewards members, they’re offering even more cash back. Additional Bank of America perks include free entry to special events.
Bank of America special promotions
|Bank of America® Customized Cash Rewards credit card|
|The Bank of America® Premium Rewards® credit card|
Other Bank of America promotions
- Present your Bank of America, Merrill Lynch or U.S. Trust credit or debit card and a picture ID on the first full weekend of every month to receive one free general admission ticket to participating museums. Excludes special exhibitions, ticketed shows and fundraising events.
Discover does not currently have any special promotions available. It’s worth noting that Discover offers significant benefits all year long with their cash back rewards and points matching programs. That said, Discover does also offer various limited-time offers that change throughout the year, so it’s worthwhile to keep an eye out for new Discover promotions.
Other Discover promotions
- Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
Unfortunately, Citi is not currently offering any limited-time offers. However, there are still several credit card promotions worth noting. Some Citicards special offers include unique access to concerts and events, as well as exclusive savings on things like gift cards, magazine subscriptions and more.
Keep an eye out for ever-changing Citi card deals to earn and save with their variety of exciting credit card offerings.
Other Citi promotions
- Citi Premier® Card: Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening.
- Use your Citi credit card or Citibank debit card to get special access to concerts, sporting events, dining, family entertainment and more through Citi Entertainment.
Should you take advantage of these special credit card offers?
With ever-changing promotions and limited-time offers, it’s important to jump on a good deal when you see one that matches your goals and spending habits.
The short answer here is yes — you should certainly take advantage of these special credit card offers. Why not earn more points and miles while you have the chance? Plus, you could also extend your current points even farther with amplified credit card promotions.
By taking advantage of these special credit card offers, you’ll know you’re getting the most value out of your cards.
How to find the best credit card deals
Sifting through all the credit cards out there to try to find the best deals can be overwhelming. Lists like this one strive to help you narrow your search and focus on the top credit card offers from the major issuers available right now. If you haven’t found what you’re looking for, or if you simply want to explore your options further, the following are great methods for continuing your search.
The best credit card deals out there are those that are not publicly available to consumers. Instead, a card issuer may present you with a special discount or promotional offer that’s only available to you, either by email or ordinary mail. These are referred to as "targeted offers" — and though people often ignore these offers as spam, if you’re on the hunt for a great credit card deal, you won’t want to ignore these listings.
Make sure you understand how you want your credit card to work for you before you begin your search:
- Are you looking for a generous welcome offer?
- Do you want bonus points on categories like dining, groceries or gas?
- Are you more interested in a 0% APR for the first year or no annual fee or foreign transaction fees?
- Is there a particular airline or hotel chain you frequent that you would like to save money on and enjoy related perks with?
Consider which benefits will work best with your lifestyle ahead of time to narrow your search and ensure that the card you choose is working towards your goals.
Some people shy away from a whole world of possible credit card deals just because they come with an annual fee. However, sometimes a particular credit card offer may give you a better net return, even if it has an annual fee and another card doesn’t. Use credit card comparison tools to help you figure out the best net rewards for your particular spending habits.
Many of the major credit card issuers offer their users special discounts when they buy things through online shopping portals. These are often several times better than the promotional rewards you get from simply using the card in-store. Unfortunately, you can’t cross-compare shopping portals between different cards — they’re almost always locked behind a login that requires you to be a cardmember. Still, you should be aware of their existence, since they’re definitely worth looking at once you apply for a certain card.
How to compare credit card promotions
With so many great credit card promotions out there at any given time, it can be tricky to make sure you’re choosing the best card for your needs. The following are useful ways to compare credit card offers to help you make the best choice for your preferences and spending habits.
Using credit card comparison tools can help you easily see how one credit card stands up to another. These types of tools can help you compare things like a card’s potential net value of points and miles against its annual fee. A simple side by side comparison can help you navigate each card’s value based on your needs and preferred benefits.
Consider items like cashback rewards; welcome bonuses; extra points on things like gas, groceries, streaming services and dining; 0% introductory APRs; no foreign transaction fees and more. Know how you plan to use the card ahead of time in order to choose the credit card offer that best suits your needs.
Limited-time offers are a great way to take advantage of the best credit card promotions, which offer more points or miles. They can also help you advance the points or miles you already have and help you to stretch them further. Great limited-time offers can help tip the scales in a particular credit card’s direction.
Does one card have a significantly higher annual fee but twice as many times the points on useful spending categories? Identify your pain points and choose the card that will offer you the most value for your lifestyle and spending habits.
FAQs about credit card promotions and deals
Are credit card rewards worth it?
If you take advantage of your credit rewards, they can certainly be worth it. Credit card rewards can be a great way to get more value from your day to day purchases, from dining and groceries to streaming services, gas and more. Using credit card rewards are also a nice way to offset annual credit card fees — these are unavoidable on many cards, so at least you know you’ll be getting something useful back in return (just make sure to use your rewards before they expire).
What’s the best first credit card to get?
A credit card can help you build credit and take the pressure off on purchases you’d rather pay off over time. When choosing your very first credit card, you’ll want to pick something with a low interest rate that will also help you build your credit — and it wouldn’t hurt to look for a card with no annual fee as well. Consider a secured credit card, like the Discover it® Secured Credit Card: It requires a refundable deposit upfront, but also allows you to qualify with no credit. This card offers consumers the opportunity to automatically upgrade to an unsecured card and get their security deposit back without needing to close the account. The Discover it® Secured Credit Card also allows you to earn rewards, which is very uncommon among secured cards.
What’s the best credit card of 2022?
There are many great cards out there, so picking the best one will ultimately depend on the type of value you’re looking to get out of your credit card. That said, there are a few cards out right now that are great across the board and are worth taking note of in 2022. One such card is the Chase Sapphire Preferred® Card card, which currently features the following offer: Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Beyond these initial first year benefits, Chase Sapphire Preferred® Card also has a relatively low annual fee and offers 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases. On the whole, Chase credit card promotions typically tend to be some of the best.
What is the best balance transfer credit card offer?
You can save hundreds, and possibly even thousands, of dollars on high-interest payments when you transfer your balance from one card to another with an introductory 0% APR. Two of the top cards with the best balance transfer offers include Citi® Diamond Preferred® Card, which offers an intro APR of 0% for 12 months on Purchases, and after that a variable APR of 14.49% - 24.49% (Variable). It also offers an introductory APR of 0% for 21 months on Balance Transfers, and after that a variable APR of 14.49% - 24.49% (Variable). The Citi® Double Cash Card – 18 month BT offer also comes with an intro APR of 0% for 18 months on Balance Transfers, and after that the variable APR will be 14.74% - 24.74% (Variable).
Which credit card offers the best cash back?
There are lots of cards that offer great deals on cashback rewards. However, our pick for the best cashback credit card is the Citi® Double Cash Card – 18 month BT offer. This card offers a simple cashback program with no spending limits, $0 annual fee and allows you to Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Overall, this card offers a great flat rate for cash back on all purchases.
When is it time to get a new credit card?
When it comes to getting a new credit card, timing is everything. If you’ve had the same card for a while but your credit limit hasn’t increased, your interest rate and annual fee are high and the rewards aren’t worth it for your personal spending habits, it may be time to start looking for a new credit card. It would be wise to start looking out for generous welcome bonus offers and wait until you find a great deal with a solid rewards structure that supports your spending habits before you make your final decision.
How do you qualify for a credit card?
In order to qualify for a credit card, you must be at least 18 years old and have your own steady source of income. It also helps to have a positive credit history in order to be approved for a credit card, though some credit card categories (like student cards and secured credit cards) are able to make exceptions to that.
What is a credit card sign-up bonus?
A sign-up bonus is a special promotion that credit card companies offer when consumers sign up for a particular credit card for the first time. These welcome offers often provide significant rewards, which typically include bonus points, miles or cash back rewards when you spend a certain amount on your card within the first several months of opening your account. Sign-up bonuses encourage new cardholders to sign up for a credit card and start using it right away.
How to pick the best credit card for your needs
Pick the best credit card for your needs by considering your preferences and personal spending habits and go from there. Do you travel abroad frequently? Choosing a card with no foreign transaction fees will end up saving you a lot of money. Do you prefer to fly a particular airline or stay with a particular hotel chain? Consider choosing a credit card that offers significant perks and rewards for those specific brands. These types of perks and rewards could include things like free checked bags, free hotel nights and even elite status. Finally, choosing a card that offers the most rewards in the category you spend the most in will provide you with the best value.
To make choosing the right card easier, we've looked at credit cards reviewed on ValuePenguin as well as cards on major issuer sites to compile a list of the best rewards credit cards available right now. Our recommendations are based on the additional value you can earn with the cards — including the rewards value, cost of ownership and value of benefits such as travel and purchase protections, lounge membership and airline companion passes. Our choices are not influenced by our advertisers. Learn more on how we calculate rewards.
For rates and fees of Delta SkyMiles® Platinum American Express Card, please click here.
The information related to The Hilton Honors American Express Business Card, Bank of America® Customized Cash Rewards credit card, Discover it® Secured Credit Card, Capital One® Savor® Cash Rewards Credit Card and Bank of America® Premium Rewards® credit card has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to American Express credit card offers. See americanexpress.com for more information.
The Capital One Spark Cash for Business card may no longer be available.