Skip to main content

Ask For An Extension to Earn Your Credit Card Signup Bonus

Published April 13, 2020

2 minute read

Devon Taylor

By Devon Taylor

If you recently signed up for a new credit card in order to cash in on an attractive entry bonus, you’re probably kicking yourself. Most of these programs require you to spend a certain amount of money on your credit card before unlocking legitimately valuable perks in terms of reward points or cash back dollars. Unfortunately, almost everyone is currently stuck inside due to a global health crisis. Spending has slowed to barely a trickle in most businesses. That means you probably are going to have trouble reaching those bonus thresholds. Now what?

Some Reddit users have discovered the most obvious solution: ask for an extension. It started with American Express generously offering a three month extension to anyone who opened a credit card between December 1, 2019 and May 31, 2020. Qualifying customers will now have an extra 90 days to earn any “Welcome Bonus” attached to their accounts. You don’t even have to call and request it, since AmEx will be applying it automatically.

That’s great if you have an American Express. But what about other companies? Anecdotal comments from the same Reddit thread show that Chase will grant an extension, but you have to ask for it. The good news is that you can probably do so via their secure online chat portal. No annoying phone calls with a computer system! Other users didn’t have much luck, even after asking their credit card provider politely. Other than AmEx customers, this appears to truly be a “your mileage may vary” situation.

It Never Hurts To Ask

The worst thing they could so is “no,” right? If you’re actively chasing a credit card welcome or signup bonus, it doesn’t hurt to call and ask for an extension. Some other credit card brands may decide to enact similar extensions soon, in order to stay competitive with American Express.

If you’re still being a responsible credit card user in these times of financial uncertainty, then your provider is probably more willing to offer you some leeway towards your signup bonus. However, if you’ve recently suffered from lost or reduced income, and are struggling to make even minimum payments on a growing credit card balance, then you may find it more difficult to get this kind of request granted.

Credit Card and Cash in Hand

Shutterstock

Devon Taylor

Managing Editor

Devon is an experienced writer and a father of three young children. He's simultaneously trying to build college funds and plan for an eventual retirement. He's been in online publishing since 2013 and has a degree from the University of Guelph. In his free time, he loves fanatically following the Blue Jays and Toronto FC, camping with his family, and playing video games.

Explore Credit

Woman checking her credit score Credit

What You Need to Know About Free Credit Scores

You probably know that your credit score is an important aspect of your finances. Your credit score goes beyond just helping you get a loan with a good interest rate. It can also influence your insurance rates and even impact what happens when you sign up for internet or a cell phone plan. Knowing your […]

Read More about Post Title

7 minute read

Young woman selecting a credit card Credit

Should You Pay Your Mortgage With a Credit Card?

Perhaps you’ve heard that you should never pay your mortgage payment with a credit card. We feel it’s important to point out that this advice is absolutely correct in almost every case. It almost never makes sense to pay your mortgage payment with a credit card. Not only are you merely transferring the debt from spot […]

Read More about Post Title

4 minute read

Credit

How Long Do Things Stay on Your Credit Report?

Although most adults have a credit report (and credit score), few people actually check them regularly. Or at all. Even worse, plenty of Americans have no idea what these things say about their spending habits, accumulated debt, or financial future. Some surveys show that only about one-third of Americans have bothered to check their credit […]

Read More about Post Title

8 minute read

Credit

Tips For Making Sure You Have Good Credit

You hear a lot about how important it is to have good credit. It may not always seem fair that your finances are so closely tied to this abstract number. However, the entire credit industry is going to use your credit score to determine your financial reputation. That reputation will determine how they treat you. […]

Read More about Post Title

9 minute read

See All In Credit

More from WalletGenius

Young couple worried about finances Save Money

How To Tell If Your Retirement Is In Jeopardy

One of the most common financial concerns for adults these days is retirement. It comes up over and over again. For anyone concerned about money, retirement is a very big problem to confront. Current (and future) generations of working-aged Americans aren’t exactly fairing well, when it comes to retirement savings. Some studies have shown that […]

Read More about Post Title

7 minute read

Young woman worried about student loans Perkins loans Student Loans

Perkins Loans: Everything You Need To Know

A Perkins Loan was a federal program that provided low-interest loans to college students who demonstrated exceptional financial need. The program, which operated as the “Perkins Loan Program,” no longer exists. It was discontinued on September 30, 2017. The final disbursements were permitted through June 30, 2018. Although the program has been discontinued, many current […]

Read More about Post Title

5 minute read

Capital budgeting paperwork Budgeting

Capital Budgeting: A Complete Guide

Capital budgeting is a business term used to describe the process of determining how to best use the capital the company has on hand. Should they expand? Should they reinvest in a new factory to increase capacity? Is it profitable to acquire another business for expansion? In other words, capital budgeting is the process of […]

Read More about Post Title

7 minute read

Woman checking her credit score Credit

What You Need to Know About Free Credit Scores

You probably know that your credit score is an important aspect of your finances. Your credit score goes beyond just helping you get a loan with a good interest rate. It can also influence your insurance rates and even impact what happens when you sign up for internet or a cell phone plan. Knowing your […]

Read More about Post Title

7 minute read

Budgeting

EBITDA: What Is It and How Is It Calculated?

It might look like it, but EBITDA is not actually an alien word. It is an acronym that stands for “earnings before interest, taxes, depreciation, and amortization.” As you may have guessed by now, it’s a metric used in the business world. A company’s EBITDA can help you better understand their ability to generate cash […]

Read More about Post Title

6 minute read

Trusted provider of accurate rates & financial information