Searching for the best cashback sign-up bonus deals? Look no further. MagnifyMoney has compiled the best cashback card deals right here.
Take, for example, someone who spends approximately $1,800 per month during a two-year period. That person would earn on average nearly $750 in cashback rewards over the two years after taking into account any annual fees the cards assess.
After looking at the available cashback cards, we found five we felt offered the best sign-up bonuses. All five cards offer a cashback bonus without having to spend large amounts of money to get it. Plus, they all offer ongoing cashback options and perks once the cashback intro bonus is gone â€” all with no annual fees.
on Capital Oneâ€™s website
The sign-up bonus for this card lets you earn a one-time $300 cash bonus after you spend $3000 on purchases within the first 3 months from account opening. It has solid rewards, where cardmembers can earn 4% Cash Back on dining; 4% Cash Back on entertainment; 2% Cash Back at grocery stores; 1% Cash Back on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
The card comes with broad cash-back earning categories. Dining includes restaurants, cafes, bars, lounges, fast-food chains and bakeries. Entertainment covers tickets for movies, plays, concerts, sporting events, tourist attractions, theme parks, aquariums, zoos, dance clubs, pool halls and bowling alleys. It also covers purchases at record and video rental stores. However, the entertainment category does not include digital streaming and subscription services. Cash back wonâ€™t expire as long as the card is active and there are no limits on how much cash back you can earn.
Additional card benefits include travel assistance services, a concierge, extended warranty and price protection. As for foreign transaction fees? There are none.
This card is best for those who want to earn more cash back on dining and groceries. Outside of that, there are other cashback cards that offer better rewards in top spending categories. Just know, there is an annual fee after the first year â€” $0 intro for first year; $95 after that.
The perks with the Capital OneÂ® QuicksilverÂ® Cash Rewards Credit Card are pretty good considering itâ€™s a no-fee credit card. There are the usual benefits that come with Visa SignatureÂ®, including access to once-in-a-lifetime experiences and food events, free 24-hour concierge service and special offers from retailers. There are also popular benefits like purchase security, roadside dispatch, travel and emergency assistance, auto rental collision damage waiver, lost luggage reimbursement and travel accident insurance.
Other cards may offer more bonus points or miles â€” for a higher spend â€” than the Capital OneÂ® QuicksilverÂ® Cash Rewards Credit Card. They may also offer more in cashback rewards, especially in targeted categories like travel and dining, than whatâ€™s offered with this card.
The information related to Uber Visa Card has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication. Terms Apply.
New Uber Visa Card members can earn $100 after spending $500 on purchases in the first 90 days. The cashback bonus is applied to your card as soon as you make the required purchases within the first 90 days after you open your account. As for foreign transaction fees? There are none for this card.
If you spend around $800 a month on dining, youâ€™ll earn $384 a year in cash back. The cash back in the travel category includes airfare, hotels and home share services like Airbnb. Spend $1,500 a month with the Uber Visa Card on these categories and get $540 back after a year.
Additionally, music lovers who spend at least $5,000 a year on it can get up to a $50 credit for online digital subscription services. Plus, you get up to $600 for mobile phone damage or theft when you pay your mobile phone bill with your card. The card also gives you access to invitations to exclusive events and offers in select U.S. cities.
You can redeem your Uber Visa Card points for Uber credits, gift cards or cash back, all via the Uber app. As long as the account is active and in good standing, your points never expire. Redemptions for Uber Cash start at 500 points for $5. All other redemptions start at 2,500 points for $25.
There are other cards that offer higher cash back for popular categories like airfares, hotels and dining. Your cash back redemption is capped at $500 a day. And the card doesnâ€™t have an intro balance transfer rate.
Earn up to 1.5% cash back with the TruRewards program, plus get up to 1 point for every $1 spent.
The fine print: You must be a member of TruWest Credit Union, with a minimum deposit of $5 to qualify, before you can apply for the TruWest VisaÂ® Signature Card. To become a member, you must either: live, work or own a business in Maricopa, Pinal, Pima or Yavapai counties in Arizona, or Travis or Williamson counties in Texas; attend school in Travis or Williamson, Texas; or be related to a current member or be the surviving spouse of a deceased member.
How to use points
You can earn 5,000 bonus points when you add a cardholder to your account, which gives you more ways to boost your point totals. You also earn up to 10 extra points per $1 spent when you use them to make qualifying purchases on the TruRewards website.
You can use your points and cash back in the Get Extra Points program, where you can apply your cash back to your credit card account, buy gift cards from TruWest or retailers, book a flight, hotel or cruise, buy more than 300 different items ranging from electronics to jewelry and donate points to your favorite charities. You can choose the split-pay option, where you can redeem points and pay for items using your TruWest VisaÂ® Signature Card. Points that arenâ€™t used within 48 months of the date they were issued will expire annually on Dec. 31.
Like the Capital OneÂ® QuicksilverÂ® Cash Rewards Credit Card, the TruWest VisaÂ® Signature Card gives you access to many of the benefits of the Visa Signature program.
The Bank of AmericaÂ® Cash Rewards credit card – $200 Cash Rewards Offer gives new cardmembers a $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening, one of the highest in this category. Once you meet the spending requirement, the bonus will be applied to your rewards balance after eight to 10 weeks. This card offers 3% and 2% cash back on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, 1% on all other purchases. The choice category is automatically set to gas; however, you can select a new category one tie each calendar month in the Bank of America mobile banking app or via online banking. Also, you arenâ€™t required to select a new category each month â€“ the current category will remain in effect until you decide to update it.
While the ability to choose which categories you earn bonus rewards in is ideal, keep in mind that the 3% and 2% bonuses can only be earned on combined spending of $2,500 per quarter. After that, the rewards drop to 1% cash back per dollar spent. That said, there are competing cards that offer more rewards per dollar spent in popular categories.
The information related to Bank of AmericaÂ® Cash Rewards credit card – $200 Cash Rewards Offer has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.
The information related to Chase Freedom UnlimitedÂ® has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication. Terms Apply.
$150 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases. For cardholders who want simplicity, the Chase Freedom UnlimitedÂ® is a great option, since you wonâ€™t have the hassle of opting into bonus categories that rotate each quarter. Plus, if you transfer your Chase Freedom UnlimitedÂ® rewards to a Chase Sapphire PreferredÂ® Card or Chase Sapphire ReserveÂ®, you can get even more value from your card. After transferring your rewards to either card, youâ€™ll get 25% or 50% more value on those rewards (depending on which card you use) when you redeem them for travel through Chase Ultimate RewardsÂ®. If you use this card outside of the country, be prepared to pay a foreign transaction fee of 3% of each transaction in U.S. dollars. Also, despite the convenience that the Chase Freedom UnlimitedÂ® offers, there are cards that offer higher rewards rates in popular categories, such as travel or dining. The only perks that come with the Chase Freedom UnlimitedÂ® are purchase protection, zero liability protection, fraud protection and extended warranty.
If these cashback bonus offers arenâ€™t quite showing you the money, you may want to consider no annual fee cards that offer double cashback benefits as an alternative.
The information related to CitiÂ® Double Cash Card â€“ 18 month BT offer has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication. Terms Apply.
The CitiÂ® Double Cash Card â€“ 18 month BT offer allows you to earn 2% cash back on purchases: 1% when you buy plus 1% as you pay. There are no caps on the total amount of cash back you can earn. So if you charge $1,000 a month on the card, youâ€™ll earn $120 cash back in a year. However, once you factor in the additional 1% cash back you earn when you pay your bill, that amount doubles to $240.
Once your cash rewards balance hits $25 or more, you can redeem your cash rewards for a check, a statement credit to your account or a credit to a linked Citi savings or checking account or to a checking account where you have paid a Citi credit card bill at least twice.
If your account is closed, you wonâ€™t be able to earn or redeem your cash rewards, and you forfeit any accumulated cash rewards. Your cash rewards balance will expire if you have not earned any cash back from purchases or payments for 12 months. Also, if you use this card when traveling outside of the U.S., youâ€™ll be charged a 3% foreign transaction fee.
The great thing with the Discover itÂ® Cash Back is that it matches all the cash back new card members earn at the end of their first year. So if you earned $1,200 in cash back in your first year, Discover will match that for a total of $2,400 after your first 12 consecutive billing periods. The cash back is then applied to your account in the following one or two billing periods.
You can earn 5% cash back on categories that rotate quarterly on up to $1,500 in purchases. You must activate the bonus categories each quarter to earn the cashback reward. All other purchases earn 1% cash back. Although you can only earn the 5% rate on the first $1,500 in purchases each quarter in the bonus categories, there is no limit on the overall amount of cash back you can earn.
If you do a balance transfer, you can save money if you pay off the balance before the end of the cardâ€™s 14-month term. But you will pay a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*. Note, the 3% rate is available on balance transfers that post to your account by Nov. 10, 2019.
The Discover itÂ® Cash Back gives you free access to your FICOÂ® Score on monthly statements, online and on the mobile app, and allows you to use the Freeze itÂ® on/off switch feature that stops purchases, cash advances and balance transfers if you misplace your card.
After the first year, the Discover itÂ® Cash Backâ€™s cashback match rewards goes away. It also does not offer the more robust travel and purchase benefits of some other cards.