WalletHub, Financial Company
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The best cash bonus credit card offer is the Blue Cash Preferred® Card from American Express. New cardholders can now earn a $350 statement credit for spending $3,000 in the first 6 months. Blue Cash Preferred also comes with extensive ongoing rewards: 1 - 6% cash back.
There are many cash bonus credit cards that offer 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 no 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:
Card Name |
Initial Bonus Offer |
Ongoing Rewards |
$350 statement credit for spending $3,000 in the first 6 months |
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 |
|
$300 for spending $3,000 in the first 3 months |
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 tickets from Vivid Seats and on Capital One Entertainment purchases) |
|
$200 for spending $500 in the first 3 months |
5% cash back on hotel and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases |
|
$200 cash rewards after spending $1,000 in the first 3 months |
2% cash rewards |
|
N/A |
5% cash back on travel through Chase, 3% back at restaurants and drugstores, and 1.5% back on all other purchases (plus an additional 1.5% cash back on everything, up to $20,000 spent the first year) |
|
$750 for spending $7,500 in the first 3 months |
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 |
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 – if your spending is more even-keeled and 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.
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