Cash Back Credit Card Sign-Up Bonus Offers for June 2024

Finding the best cash back credit card sign-up bonus is a big deal. Not only will you earn a one-time bonus, but you’ll also earn cash back on your purchases, increasing your earnings and helping you make the most of your personal finances.

Here’s everything you must know about finding the best cashback credit card with a signup bonus

11 Best Cash Back Credit Card Sign-Up Bonus Offers

We’ve gathered the top cash back credit cards offering signup bonuses. View our top picks below.

1. Chase Sapphire Preferred® chase sapphire preferred card art

  • Annual Fee: $95
  • Sign-Up Bonus: 75,000 points

The Chase Sapphire Preferred® card is a great cashback credit card for travelers. You can earn 5x points on travel booked using Chase Travel℠ or 2x points on travel booked elsewhere.

You can also earn 3x points on restaurant and delivery services, groceries, and streaming services. Any other purchases earn 1x points per dollar spent.

This Chase card offers a nice welcome bonus of 75,000 points. To earn it, you must spend $4,000 on purchases in three months, which equals $900 if you redeem the points through Chase Travel℠.

  • Access to My Chase Plan®, which allows you to break up your purchases over $100 into equal monthly installments with only a fixed fee, no interest
  • Points transfer to other travel partners
  • Partner benefits like free DoorDash Dashpass for a year and a free six-month Instacart subscription
  • 5x points on Peloton and Lyft purchases
  • Trip coverage, including cancellation, interruption, auto rental collision damage, trip and baggage delay
  • Purchase protection on items up to $500 for 120 days to protect against damage or theft
  • Extended warranty on items purchased with your Chase card
  • No foreign transaction fee

2. Capital One Venture Rewards capital one venture rewards card art

  • Annual Fee: $95
  • Sign-Up Bonus: 75,000 miles

Capital One Venture is another great travel card as it offers 5x miles on hotels and car rentals when you use Capital One Travel. The card also pays 2x miles on all other purchases with no limits.

You can earn 75,000 bonus points with this card. To do this, you must spend $4,000 on purchases in the first three months. If you use the card for everyday spending, this should be easy to accomplish.

  • Access to premium benefits when you stay at a Lifestyle Collection hotel
  • Hertz Five Star® status for premium service
  • Up to a $100 statement credit for TSA PreCheck® or Global Entry
  • Access to Capital One Travel to save as much as 15% on travel
  • Access to exclusive Capital One entertainment experiences
  • Access to exclusive Capital One dining experiences and reservations

3. Capital One Quicksilver Cash Rewards capital one quicksilver cash rewards card art

  • Annual Fee: $0
  • Sign-Up Bonus: $200

The Capital One Quicksilver Cash Rewards card is good for anyone looking for a card for everyday spending. It pays 1.5% cash back on most purchases and has a 0% APR for the first 15 months (then 19.99% – 29.99% variable). The promotional APR is on purchases and balance transfers, helping you save money where you need it.

Capital One pays a $200 bonus if you spend $500 on purchases in three months. This is another easy target to hit, making earning great rewards for opening a new credit card easy.

  • Six months of an Uber One membership for free
  • Access to Capital One Travel, where you can save as much as 15%
  • Pay with points on Amazon.com or PayPal purchases
  • Exclusive access to Capital One entertainment opportunities
  • Exclusive access to Capital One dining reservations and experiences

4. Chase Freedom Unlimited® chase freedom unlimited card art

  • Annual Fee: $0
  • Sign-Up Bonus: $200

The Chase Freedom Unlimited® card is another of the best cashback credit cards for everyday purchases. However, instead of just 1.5% back on most purchases, you can earn 3% on dining and drugstore purchases and 5% on travel booked using Chase Ultimate Rewards®.

When you open a new Chase Freedom Unlimited® card, you can earn a $200 bonus. To earn it, you must spend $500 in the first three months. You also get 5% back on combined grocery and gas purchases on the first $12,000 spent in your first year.

  • 0% APR on purchases or balance transfers made within 15 months (then 20.49% – 29.24% variable)
  • Shop with points on Amazon
  • Zero liability protection
  • Purchase protection on items up to $500 for 120 days from theft or damage
  • Extended warranty on items purchased with your Chase card for one year
  • Trip cancellation and interruption coverage
  • Auto rental collision coverage
  • Travel emergency services and referrals

5. Citi Double Cash® citi double cash card art

  • Annual Fee: $0
  • Sign-Up Bonus: $200

Citi Double Cash® is a unique card that offers 1% cash back on most purchases plus another 1% back when you pay your bill. There aren’t any category restrictions or activation required.

The card is currently offering a $200 signup bonus, you will need to spend $1,500 within the first 6 months of opening the account.

You also get 0% APR for 18 months. This is only on balance transfers, making it a good card if you have high balances you need to pay off.

  • 24/7 customer service
  • 24-hour fraud protection
  • $0 liability for fraudulent charges
  • Access to exclusive Citi entertainment opportunities

6. Capital One SavorOne Cash Rewards capital one savorone card art

  • Annual Fee: $0
  • Sign-Up Bonus: $200

If you use your credit card for dining, entertainment, groceries, or to pay for streaming services, you can earn a nice 3% cash back rate with the Capital One SavorOne Cash Rewards card.

The card also pays 1% back on most other purchases, but earning 3% back on everyday purchases is a nice way to earn a decent payout.

When you open the Capital One SavorOne Cash Rewards card, you can earn a $200 cash bonus if you spend $500 on purchases in the first three months. The card also offers a 0% promotional rate for 15 months (then 19.99% – 29.99% variable). It’s available on purchases and balance transfers.

  • 10% back on Uber and Uber Eats purchases
  • Complimentary Uber One membership through November 14, 2024
  • Access to Capital One Travel with exclusive rates and savings of up to 15%
  • Earn 8% back on Capital One Entertainment purchases
  • Pay with points on Amazon and PayPal
  • Exclusive reservations and dining experiences through Capital One Dining

7. Wells Fargo Active Cash®

  • Annual Fee: $0
  • Sign-Up Bonus: $200

The Wells Fargo Active Cash® card pays 2% back on most purchases with no categories or restrictions. You can also get a 0% promotional rate for 15 months, but only on balance transfers.

When you apply for the Wells Fargo Active Cash® card, you can earn a $200 bonus. To earn it, you must spend $500 in the first three months. This is a nice, low threshold, making it one of the best cashback credit card signup bonuses.

  • Up to $600 in cellphone protection if you use your Wells Fargo Active Cash® card to pay your cellphone bill
  • $0 liability protection
  • Access to Credit Close-Up℠ to help maximize your credit scores
  • Options when redeeming points include statement credits, pay for purchases, gift cards, or cash at ATMs

8. American Express Blue Cash Preferred® American Express Blue Cash Preferred card art

  • Annual Fee: $95 with $0 for the first year
  • Sign-Up Bonus: $250

If you want a card that pays a hefty reward for groceries and streaming, the American Express Blue Cash Preferred® card is a good choice.

It pays 6% back at U.S. supermarkets on up to $6,000 per year (then 1%) and on select U.S. streaming subscriptions. Even if you only use it for the first $6,000 you spend on groceries, that’s $360 per year back on groceries.

The card also pays 3% back on transit and at U.S. gas stations and 1% on everything else. You can also get a 0% promotional rate during the first year (then 19.24% – 29.99% variable). This applies to purchases and balance transfers.

If you apply for the American Express Blue Cash Preferred® card and spend $3,000 on purchases in six months, you can earn a $250 bonus.

  • $0 Buy Now Pay Later fees on plans for the first 12 months
  • $84 back per year ($7/month) for a Disney+ subscription
  • $10 monthly credits for an Equinox+ membership
  • Access to Plan It® a payment plan that lets you split up large purchases into fixed payments for a fixed fee
  • Access to Amex offers

9. American Express Blue Cash Everyday® american express blue cash everyday card art

  • Annual Fee: $0
  • Sign-Up Bonus: $250

The American Express Blue Cash Everyday® card is another good card for everyday purchases. This card earns 3% back at U.S. supermarkets on up to $6,000 per year (then 1%) but also pays 3% back on U.S. online retail purchases and at U.S. gas stations. You earn 1% back on everything else.

You can have a promotional rate of 0% for 15 months (then 19.24% – 29.99% variable). This is on purchases and balance transfers if you spend $2,000 in the first six months, which gives you longer than most cards to reach the requirement.

As far as the sign-up bonus, you will currently earn a $250 cash bonus once you spend $2,000 in purchases within the first six months of opening your account.

  • $0 Buy Now Pay Later fees on plans for the first 15 months
  • $84 back per year ($7/month) for a Disney+ subscription
  • $15 per month Home Chef credit
  • Access to American Express exclusive experiences
  • Access to Plan It® a payment plan that lets you split up large purchases into fixed payments for a fixed fee
  • Car rental insurance
  • Global Assist Hotline support

10. Discover it® Cash Back discover it cash back card art

  • Annual Fee: $0
  • Sign-Up Bonus: Annual Cash back match dollar-for-dollar

The Discover it® Cash Back credit card made our list of the best cashback reward signup bonuses because of its unique setup.

While it doesn’t have a specific signup bonus, Discover will match your annual cash back dollar-for-dollar, which is better than even the best cashback credit card signup bonus.

In addition to the cashback bonus, Discover offers 5% back on everyday purchases in rotating categories quarterly and 1% back on everything else.

  • Redeem your cashback at any time and in any increment
  • Cash back doesn’t expire
  • Use your cashback to checkout at Amazon.com
  • Use your cashback to pay on PayPal

11. U.S. Bank Shopper Cash Rewards® Visa Signature®

  • Annual Fee: $95 with $0 for the first year
  • Sign-Up Bonus: $250

The U.S. Bank Shopper Cash Rewards® Visa Signature® card offers 6% back from two retailers of your choice on up to $1,500 in purchases quarterly.

You can also earn 3% back on certain purchases in a chosen category, such as gas or utilities, on up to $1,500 in spending. If you book travel through the U.S. Bank Rewards Travel Center, you can earn 5.5% back on your purchases. All other purchases earn 1.5% cash back.

You can earn a $250 credit card bonus when opening the Shopper Cash Rewards card if you spend $2,000 within the first 120 days.

  • ExtendPay® which offers a fixed payment plan for certain purchases (no fee for the first 60 days)
  • Flexible options to receive your cashback

What Are Cashback Credit Cards?

Cashback credit cards pay cardholders a percentage of their purchases back.

Usually, you receive the cashback as a statement credit, but some credit cards allow you to use the cash to checkout at retail stores online, pay for travel, or purchase gift cards. Think of it as free money or a rebate on your purchases.

How Do Cashback Credit Cards Work?

Some cashback credit cards require you to activate offers to earn them. For example, with Discover it®, you must activate your bonus categories monthly. Others offer cash back to all cardholders without activation.

Always read the fine print to determine how to earn the cashback. For example, if you must activate the offers, find out how often you must activate them and if you can change your selections throughout the year.

When you earn cash back, it may be a statement credit, or you may use the money for other purchases. Many banks, like Chase, give you a higher value for your cash back if you use it to purchase travel through Chase Ultimate Rewards®.

Types of Cashback Credit Cards

There are many different types of cashback credit cards. The right one for you depends on how you spend your money. Here are some common options:

  • Travel cash back credit cards: Frequent travelers can earn points for travel, redeeming them for airline tickets, hotel stays, and rental cars. Many credit card companies have their own travel company; your points are worth more if you pay through them
  • General cashback credit cards: Some credit cards pay a flat cashback percentage across all categories. You don’t have to worry about managing categories or activating offers. You always know you’re earning cash back
  • Grocery cashback credit cards: Some credit cards pay high percentages for everyday purchases, like groceries. This works well for large families who spend a lot on food
  • Dining and entertainment cashback credit cards: If you go out often, a dining and entertainment cashback credit card can pay you cash back on your purchases

Qualifications

Most credit card companies have requirements you must meet to get a signup bonus. You must usually spend a certain amount of money within a specified timeframe.

For example, you may have to spend $2,000 within three months of opening the card. If you do, you’ll receive the bonus.

Pros and Cons

Knowing the cashback credit card pros and cons is important when deciding if it’s right for you.

Pros

  • You can earn money back on your purchases
  • There may be a sign up bonus
  • Most cards have other benefits, including free subscriptions or protections

Cons

  • It’s easy to overspend when you have a high credit limit
  • You might buy things you normally wouldn’t only because you know you’re getting cash back
  • Credit card debt can be damaging to your credit score and finances

Tips for Maximizing Your Cash Back Credit Card Sign-Up Bonus Rewards

Consider these tips to make the most of the best cashback credit card signup bonus.

  • Don’t spend more than you normally do just to get a bonus
  • Ensure the card’s cashback categories correlate with your normal spending
  • Avoid carrying a balance
  • Use all the card’s benefits, as they usually have monetary value
  • Keep your balance at less than 30% of the credit line to avoid hurting your credit score

Frequently Asked Questions

The best cashback credit card signup bonus differs for everyone. Here are some common questions we get about them.

How Can I Choose the Right Cash Back Credit Card with a Sign-Up Offer?

Look at the big picture when choosing a cashback credit card. Don’t look only at the bonus but the cashback it usually pays. Ensure it fits your normal spending and that you’ll use its benefits, including how to redeem the earnings.

How Can I Redeem the Cash Back Credit Card Sign-Up Bonus I’ve Earned?

Most credit card companies allow the option to redeem the cashback as a statement credit, but you may have other options too, including:

  • Pay with points at stores like Amazon.com
  • Pay using your points in PayPal
  • Pay for travel through the credit card company’s travel company
  • Transfer points to a travel partner

How Do You Know When You’ve Earned the Cash Back Credit Card Signup Bonus?

Keep track of your spending to determine when you’ve earned the signup bonus. Most credit card companies pay the bonus shortly after you achieve it. The bonus gets added to your rewards balance or, in some cases, immediately becomes a statement credit.

Comments are closed here.