Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
The is adding an incentive for new cardmembers:
Starting Aug. 23, 2021, the -annual-fee card, which didn't previously feature a sign-up bonus, is offering the following: . This new bonus is in addition to the card’s promotional interest-free offer: .
The 's $100 statement credit is a decent offer, especially for a card that didn't have a sign-up bonus previously. And you could use the credit to partially cover the card's balance transfer fee.
However, if your goal is to pay down existing debt with the card, then making new purchases to hit the bonus spending requirement likely won't make sense. You could end up accruing more debt on top of your initial balance. This is because after the card’s interest-free window for balance transfers and purchases ends, all new purchases that you don’t pay off in full, as well as any unpaid balance from the intro period, .
Plus, the card doesn't earn rewards, which means that beyond its new bonus and introductory offer, it doesn’t provide much long-term value.
Still, if you’re able to stay on top of your spending and pay it off on time and in full every billing cycle, the new bonus can prove to be a useful benefit.