You'll Need to Be Careful When Chasing a Credit Card Sign-Up Bonus in 2023. Here's Why

It's common for credit card companies to lure in consumers by offering sign-up bonuses. You might, for example, come across an offer that gives you $300 cash back for spending $2,500 within three months of opening a new credit card. It's one thing to rack up enough purchases on a credit card to snag a sign-up bonus and then pay off your balance in full right away so you don't wind up accruing interest on your charges.