Recession's impact on credit card bonuses
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Business & Economics
What happens to credit card welcome offers and bonuses in a recession?
81% Informative
A look at the 2020 U.S. recession gives us some insight into what happens to credit card sign-up bonuses and welcome offers during an economic downturn.
Some card issuers slashed credit card limits during the 2008-2009 financial crisis.
Credit card delinquency rates dropped during the most recent recession, starting at 2.69% in the first quarter of 2020 .
Some card companies have offered valuable sign-up bonuses during recession times.
This is at least a sign that you can still have credit card offers during a recession.
Credit cards can function as an emergency fund if you need money to cover unexpected expenses.
Credit card companies may not always react the same way during economic turmoil.
Consider a card with a $ 95 annual fee and a bonus offer of 60,000 points, worth $ 600 .
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