Sign-up bonus rewards take the form of cash back, points, or miles, the same as the card’s regular rewards. There’s no difference in the redemption procedures for the sign-up bonus versus regular rewards. In either case, your monthly statement or the card’s online account page will tell you your current reward level and may even preview your upcoming rewards for the next billing cycle. You usually have several options for redeeming your welcome bonus. You may be able to receive the reward as a direct deposit to your checking account or as a check mailed to you. Other ways to redeem your rewards may include a statement credit, deposits to brokerage and 529 education accounts, gift cards, purchases at selected merchants (such as Amazon.com), and even charitable donations. Reward points and miles can often be transferred to the frequent flyer programs of partner airlines and hotels. Pay attention to the transfer ratio — a 1:1 ratio is best. You also may be able to use cash back to purchase additional points or miles, which comes in handy if you are short of the amount needed to pay for a flight or other travel credit card purchase.