Which credit cards reward you with milestone bonuses?
This article explores credit card loyalty programs that offer milestone bonuses for meeting specific spending thresholds. It highlights the AMEX KrisFlyer Ascend card as a primary example of how banks incentivize long-term cardholder engagement through status upgrades.
Why it matters
Understanding loyalty program structures helps consumers maximize the value of their spending and navigate the competitive landscape of credit card rewards.
Milestone bonuses are a common feature of airline and hotel loyalty programmes, giving customers an added incentive to remain loyal even after they requalify for elite status.
For example, Singapore Airlines has PPS Rewards and KrisFlyer Milestone Rewards, which offer upgrade vouchers or bonus miles upon accumulating a certain number of status credits. Likewise, IHG offers Milestone Rewards including confirmable suite upgrades and an annual lounge membership.
But what about credit cards? It often feels like banks are more willing to reward new customers, rather than existing customers who renew their cards — which is odd, given how it’s cheaper to retain than acquire customers.
However, there are a few cards which reward customers for meeting certain spending milestones.
The following credit cards offer milestone bonuses to cardholders who meet certain minimum spends.
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