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Credit Card Companies Are Bringing Back Huge Points Offers

Banks pulled back after the pandemic, fearful that they would have to eat a bunch of losses. Now they want to be ready when people start traveling again.

LARGE LEDE CREDIT CARDS
Photographer: Andrew Harrer/Bloomberg

A 125,000-point sign-up bonus. Credits for Equinox personal training. An exclusive airport lounge with cold brew on tap.

The country’s largest banks are pulling out all the stops to lure customers to take on new credit cards again, after retreating from such deals during the Covid-19 pandemic.