What credit cards give a $500 bonus for signing up?

The best cash bonus credit card offer is $250 statement credit for spending $3,000 in the first 6 months, which can be earned with the Blue Cash Preferred® Card from American Express. This card also offers 1 - 6% cash back on purchases.

There are many cash bonus credit cards that give you money for meeting a spending requirement in the first few months. These cards are a good way to get a hefty rebate on your purchases at the start, especially if they also have … read full answerno annual fee. But it’s important to remember that initial bonuses are just that – initial. You’ll want to choose a card that provides great everyday perks even after you earn the bonus.

Here are some of the best cash bonus credit cards:

The Blue Cash Preferred offers $250 statement credit for spending $3,000 in the first 6 months. Plus, you can earn 6% cash back at U.S. supermarkets (up to $6,000 spent per year), 6% back on select U.S. streaming subscriptions, 3% back at U.S. gas stations and on transit, and 1% back on all other purchases, earned as statement credits. The card’s annual fee is $0 intro 1st yr, $95 after and you need at least good credit for approval.

The Capital One Savor offers $300 for spending $3,000 in the first 3 months. Plus, you can earn 5% cash back on hotels and rental cars booked through Capital One Travel, 4% cash back on dining, entertainment and popular streaming services, 3% back at grocery stores and 1% back on all other purchases (except for 8% back on Capital One Entertainment purchases and 10% back on purchases made through Uber & Uber Eats). The card’s annual fee is $95 and you need at least good credit for approval.

The Capital One Quicksilver offers $200 for spending $500 in the first 3 months. Plus, you can earn 5% cash back on hotel and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases. The card’s annual fee is $0 and you need at least good credit for approval.

The Wells Fargo Active Cash offers $200 cash rewards after spending $1,000 in the first 3 months. Plus, you can earn 2% cash rewards on all purchases. The card’s annual fee is $0 and you need at least good credit for approval.

The Ink Cash offers $900 for spending $6,000 in the first 3 months. Plus, you can earn 5% cash back on the first $25,000 spent per year in combined purchases at office supply stores and on internet, cable and phone services; 2% cash back on the first $25,000 spent per year at gas stations and restaurants combined; and 1% back on all other purchases. The card’s annual fee is $0 and you need at least good credit for approval.

It is worth noting that some cash bonus credit cards offer the same rate on all purchases. Other cards give even higher earning rates in certain bonus categories – for example, gas or groceries. And others, such as the Bank of America® Customized Cash Rewards credit card and the Citi Custom Cash℠ Card, allow you to customize your reward categories.

Ultimately, the best cash back credit card is the one that fits your individual needs. So, if you don’t want to worry about categories, a flat-rate cash back credit card will be the better option. Otherwise, pick the one that rewards you most in your largest spending categories.

Many credit cards give you money for signing up and then spending a certain amount of money in the first few months. One of the best credit card sign-up bonuses is from the Citi Premier® Card, which offers 60,000 points for spending $4,000 in the first 3 months.

It’s less common for credit cards to give you money just for signing up, but that does happen in a few cases. For example, on the Amazon.com Credit Card, the bonus is a $50 gift card that is automatically loaded to your Amazon account after your application for the card is approved.… read full answer

Popular Credit Cards With Initial Bonuses

• Citi Premier® Card - 60,000 points for spending $4,000 in the first 3 months
• Amazon.com Credit Card - $50 Amazon.com gift card upon approval ($100 for Prime members)
• Marriott Bonvoy Boundless® Credit Card - 3 Free Nights for spending $3,000 in the first 3 months
• Capital One Venture X Rewards Credit Card - 75,000 miles for spending $4,000 in the first 3 months
• Chase Sapphire Preferred® Card - 60,000 bonus points for spending $4,000 in the first 3 months
• Bank of America® Travel Rewards credit card - 25,000 points for spending $1,000 in the first 90 days
• Wells Fargo Active Cash® Card - $200 cash rewards after spending $1,000 in the first 3 months
• Capital One Quicksilver Cash Rewards Credit Card - $200 for spending $500 in the first 3 months
• U.S. Bank Altitude Reserve Visa Infinite® Card - 50,000 points for spending $4,500 in the first 90 days
• JetBlue Plus Card - 40,000 points after spending $1,000 in the first 90 days and paying the annual fee
• Capital One Savor Cash Rewards Credit Card - $300 for spending $3,000 in the first 3 months

You can learn more about the best credit cards with signup bonuses on WalletHub.

A good credit limit is above $30,000, as that is the average credit card limit, according to Experian. To get a credit limit this high, you typically need an excellent credit score, a high income and little to no existing debt.

What qualifies as a good credit limit differs from person to person, though. For someone with no credit, for example, a $500 credit limit is good because most beginner credit cards start off with lower limits. But for very experienced borrowers with a lot of disposable income, a good limit is much higher.… read full answer

Good Credit Limits by Age Group

Note: A good credit limit is slightly higher than the average for each age range, based on 2020 Experian data.

Remember, it’s best for your credit score to use 1% to 10% of your credit limit each month, and no more than 30%.