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Stock impact report

Some credit cards offer welcome bonuses of over 100K points, but are they worth it? [CNBC]

American Express Company (AXP) 
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
Company Research Source: CNBC
One “shock-and-awe” tactic used by credit card companies is welcome bonuses involving hundreds of thousands of points or miles, but are these offers actually worth it? It can be easy to get distracted by cards offering thousands of dollars in redemption value, but there are a lot of important questions to ask yourself before applying: Can you afford to spend enough to hit the welcome bonus? Does the card offer longer-term value? And are you earning a new currency, or adding to one you already have? CNBC Select takes a look at some of the different types of large welcome bonuses available and which, if any, could be a good fit for you. Types of welcome bonuses Similar to how rewards credit cards can earn different types of rewards currencies, welcome bonuses can take a few different forms. But there are a few that you'll see most often. Cash back: Cash back credit cards typically offer a lump sum of cash back rewards after you hit your spending goal for the welcome bonus. Show less Read more
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