Many credit cards offer bonuses to new card members. We’ve assembled a list of the best credit card bonuses available today. Some top $500!
Today credit card companies are working hard to gain new members. They do it with Super Bowl commercials, of course. But their real secret selling tool is the bonus deal.
Most rewards cards these days offer excellent sign-on bonus deals. Some credit card users even rotate through cards every few months to take advantage of these savings. If you have excellent credit, this can be a good option. Even if you don’t, though, you could choose a long-term credit card partially based on its bonus rewards.
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Table of Contents
|Credit Card||Bonus Offer|
|Discover it® CashBack Match™ Rewards||1st Year Cashback Match|
|Blue Cash Preferred® Card from American Express||$200 Statement Credit|
|Wells Fargo Cash Wise Visa® Card||$200|
|Barclaycard CashForward™ World MasterCard®||$200|
|Blue Cash EveryDay® Card from American Express||$150 Statement Credit|
|Capital One® Quicksilver®Cash Rewards Credit Card||$150|
|Capital One® Savor℠ Cash Rewards Credit Card||$150|
|Discover it® Miles – Unlimited 1.5x Rewards Card||Miles Match|
|Capital One® Venture® Rewards Credit Card||50,000 Miles–Up to $500 Value|
|Barclaycard Arrival PlusTM World Elite MasterCard®||40,000 Miles–Up to $400 Value|
|The Platinum Card® from American Express||60,000 Points|
|Wells Fargo Propel American Express® Card||20,000 Points|
Discover it® CashBack Match™ Rewards
This is the only cash back card on our list with an unlimited cash back bonus. Here’s how it works. With the , you earn five percent on certain purchases each quarter and one percent on all other purchases. At the end of the first year, Discover matches the cash back you’ve earned during the year. It’s one of the best deals available today.
On top of the cash back match, Discover gives you free access to your FICO score. You also get an introductory 0% APR on balance transfers and purchases for 14 months. There is no annual fee.
Blue Cash Preferred® Card from American Express
$200 statement credit
The Blue Cash Preferred® Card from American Express currently offers a $200 statement credit after you spend $1,000 in purchases on your new card within the first three months. In addition, you earn up to 6% cash back at U.S. supermarkets (on up to $6,000 in purchases per year), 3% cash back at U.S. gas stations and select U.S. department stores, and 1% cash back on all other purchases.
The card also offers 0% APR on purchases for 12 months. There is a $95 annual fee for this card.
Wells Fargo Cash Wise Visa® Card
$200 cash bonus
The offers a $200 cash bonus when you spend $1,000 on the card in the first three months. Beyond the bonus you’ll earn 1.5% cash back on every purchase. And during the first 12 months, you can earn 1.8% cash back when you pay with qualified mobile wallet purchases, like Apple Pay® or Android Pay™.
The card offers 0% APR on purchases for the first 12 months. There is no annual fee.
Barclaycard CashForward™ World MasterCard®
$200 cash bonus
The Barclaycard CashForward™ World MasterCard® offers a $200 cash bonus when you spend $1,000 in the first 90 days. Beyond the bonus, you’ll also receive an unlimited 1.5% cash back on every purchase. And every time you redeem rewards, you’ll earn a 5% bonus toward your next redemption.
The card offers an introductory 0% APR on purchases and balance transfers for 15 months. There is no annual fee.
Get more details here.
Blue Cash EveryDay® Card from American Express
$150 statement credit
This is a no-fee version of the Blue Cash® cards. It offers new members a $150 bonus when you spend $1,000 in the first 3 months. Earn Cash Back: 3% U.S. supermarkets up to $6,000 per year in purchases (then 1%), 2% U.S. gas stations, 1% other purchases.
The card offers 0% for 12 months on purchases and balance transfers. There is no annual fee.
Capital One® Quicksilver®Cash Rewards Credit Card
$150 cash bonus
The Capital One® Quicksilver®Cash Rewards Credit Card offers a $150 cash bonus after you spend $500 in the first three months from account opening. In addition, you’ll earn 1.5% cash back on all purchases. There are no rotating categories to worry about.
Capital One offers a 0% APR on purchases for the first nine months. There is no annual fee.
Capital One® Savor℠ Cash Rewards Credit Card
$150 cash bonus
The Capital One® Savor℠ Cash Rewards Credit Card pays out a $150 bonus after you spend $500 in purchases in the first three months. On top of the bonus, it rewards you with 3% cash back on dining, 2% on groceries, and 1% on all other purchases
There is no annual fee, and you also get a 0% APR introductory rate for nine months on purchases.
Get more details .
Miles Points and Bonuses
Discover it® Miles – Unlimited 1.5x Rewards Card
The is similar to the cash back version of the card described above. You’ll earn 1.5 miles for every dollar in purchases. And at the end of the first year, Discover will double the miles you’ve earned. For example, if you earn 30,000 miles during your first year, Discover will match those miles, giving you a total of 60,000.
The card also offers 0% APR on purchases for the first nine months. And unlike most other miles bonus cards, this one has no annual fee.
Capital One® Venture® Rewards Credit Card
50,000 bonus miles–$500 value
When you sign up for this card and spend $3,000 within the first three months of ownership, you’ll get 50,000 bonus miles. That’s worth $500 in travel credits. I’ve used this card for years and have been very happy with the rewards and Capital One customer service. Beyond the bonus, you’ll earn 2 miles for every $1 in purchases charged to the card. And there are no foreign transaction fees.
There is no annual fee the first year, $95 after that.
Barclaycard Arrival PlusTM World Elite MasterCard®
40,000 bonus miles–$400 value
The Barclaycard Arrival Plus™ World Elite MasterCard® offers 40,000 bonus miles when you spend $3,000 on purchases within the first 90 days of card ownership. That’s about $400 worth of travel statement credits. Earn 2 miles on every $1 in purchases. Barclaycard also pays an extra 5% bonus on redeemed miles to be used on your next redemption.
It also has a 12-month 0% introductory APR on balance transfers. There are no foreign transaction fees. And the $89 annual fee is waived the first year.
Get more details here.
The Platinum Card® from American Express
The Platinum Card® from American Express offers 60,000 Membership Rewards® points after you spend $5,000 in purchases in the first three months. Beyond the bonus, the card offers a wealth of additional rewards. Earn 5x points on flights booked directly with airlines or with American Express Travel. You’ll also earn 5X Membership Rewards® points on eligible hotels booked through American Express. Amex also provides a $200 airline fee credit and up to $200 per calendar year in baggage fees.
The annual fee for this card is $550.
Wells Fargo Propel American Express® Card
The Wells Fargo Propel American Express® Card pays 20,000 bonus points when you spend $1,000 on the card in the first three months. On everyday spending, you’ll earn 3X points at U.S. gas stations, 2X points at U.S. restaurants, and 1X point on other purchases.
The card comes with an introductory 0% APR for 12 months on purchases and balance transfers. There is no annual fee.
Get more details .
Most Offer Other Benefits
Virtually every card on this list offers significant benefits beyond bonus points or miles. Travel rewards, in particular, can be generous, depending on your typical spending patterns. Many of the cards also offer a zero interest transfer deal that can run anywhere from 12 to 18 months.
Some “Gotcha” Provisions to Watch Out For
In researching the cards on this list, I was able to identify at least three recurring provisions that you need to be aware of:
- Almost all require you to spend money in order to get the bonus – This can vary from a few hundred to a few thousand dollars, depending on the card. It may not matter much since you will likely use your card for general spending anyway. But the more generous bonuses generally come from the cards that have higher spending requirements. You’ll have to be careful that you aren’t persuaded by the spending requirements to buy items that you wouldn’t normally buy in order to meet the restriction. This can be a problem if you don’t normally shop with a credit card.
- APRs are high – The zero interest rate period is certainly attractive, but it will come to an end eventually. When it does, there are interest rates ranging from the low teens to the low 20s awaiting you.
- The offers are credit sensitive – Once again if you read the fine print, you will see that the bonus offers will depend on your creditworthiness. If your credit falls below certain criteria, you may not get the bonus offer being promoted – or any of the other perks.
The Bottom Line
One of the beautiful things about competition, especially when businesses vie for consumers is that everybody wins. Businesses end up getting what they want (which they may end up paying more for) and consumers can shop around for the best good or service that suits their needs. No one entity controls the market and in the end, the best business will usually prevail.
When looking at the full list of credit card deals above, it’s easy to see just how profitable a few applications can be. All you need is the excellent credit these cards require, and you can walk away with thousands of dollars in savings.
* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all credit card information is presented without warranty.Topics: Credit Cards