What are the best cash bonus credit card offers?

Question

Cash back credit cards are worth it if the value of the cash back is greater than the cost of the card. The best cash back credit cards with the highest rewards rates and signup bonuses sometimes have annual fees. In that case, you need to be sure the cash back that you earn will offset the cost of the annual fee (and then some). For cash back cards that have no annual fees, the cash back is free money as long as you don’t get charged interest.… read full answer

Many cash back credit cards let cardholders earn more cash back than the cost of the annual fee. However, what you really want is a card that allows you to earn cash back as efficiently as possible. Some cash back cards give a flat cash back rate for all purchases. There are also cash back cards that will reward you more for bonus categories, like gas, groceries, or dining. The highest flat cash back rate is 2.5%. For bonus categories, you can earn up to 6% cash back.

Wherever you spend the most money on your credit card will determine whether a flat-rate cash back card is better for you, or a card that’ll earn you bonus cash back in specific categories. If you’re looking for a new cash back card, check out the best cash back credit cards and find the one that’s most worth it for you. But remember, as with any card, you need to be sure to use a cash back credit card responsibly for it to be worthwhile in the long run.

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Answer 1 · 2021-03-24 14:31:09

WalletHub, Financial Company

@WalletHub • 03/24/21 This answer was first published on 03/22/19 and it was last updated on 03/24/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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One of the best cash bonus credit card offers is the Blue Cash Preferred® Card from American Express. This card gives you $150 statement credit for spending $3,000 in the first 6 months. But there are tons of 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:

Some cash bonus credit cards offer the same cash back rate on all purchases. Other cards give even higher earning rates in certain bonus categories – for example, gas or groceries.

Answer 2 · 2020-10-09 14:51:06

Marshall Jamieson, Finance Pro

@bergman77 • 10/09/20 This answer was first published on 12/20/18 and it was last updated on 10/09/20.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The best cash bonus credit card is the Capital One® Savor® Cash Rewards Credit Card because it offers a $300 cash bonus for spending $3,000 in the first 3 months. In addition, the Capital One Savor card offers more than just a one-time bonus. Cardholders always get 1 - 4% cash back, depending on the type of purchase. Capital One Savor does charge an annual fee of $95.

Another great option is the Blue Cash Preferred® Card from American Express. Its initial cash bonus is $150 statement credit for spending $3,000 in the first 6 months. Blue Cash Preferred also offers 1 - 6% cash back on other purchases. The card comes with a $0 intro 1st yr, $95 after annual fee.

Syd Jones @syd.jones
Another big-value bonus is on the Wells Fargo Cash Wise Visa card. You get $200. And you have to spend $1,000 in the first 3 months after account opening to get it. That’s a 20% return, which is pretty good. The card also gives 1.5% cash back on all purchases and has a $0 annual fee.

What are the best cash bonus credit card offers?

WalletHub, Financial Company

Here are some of the best cash bonus credit cards:

Marshall Jamieson, Finance Pro

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