Many credit cards have generous sign-up bonuses when signing up. For example, Chase Freedom gives you $200 when you sign up a card almost 1-2 times a year, Chase Sapphire Preferred gives you 40k points when you sign up, and Citi AA Airline Card Sign up to get 50k AA miles, sign up a hotel card to get free accommodation, etc.

One of the motivations to keep using credit cards is to get these sign-up bonuses. Of course, the sign-up bonus is not free. There are usually certain consumption requirements, such as spending 500 in three months, 2,000 in three months, or even 10k in three months, etc.

Generally speaking, the higher the card opening bonus, the higher the consumption requirements. Therefore, you must understand the consumption requirements before applying for a new card, otherwise you will cry when you can’t get the bonus, but don’t end up having to buy all kinds of things that you don’t really need in order to complete the requirements. This will not happen. Is this a trap for banks and merchants?

For detailed information on the above points, you can refer to the official credit card website or read the guide to benefits that comes with the card. It will describe in detail what benefits each card has and what benefits you should pay under the corresponding circumstances. How to claim.