Best cash back credit card offers

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cash back credit card offers
This blog is usually all about points and miles.  The game we play involves acquiring points & miles, usually without traveling, in order to travel nearly for free.  Current events, though, has led some of us to turn towards cash-earning options: new credit card bonuses, new bank account bonuses, cash rewards from spend, cash back shopping portals, etc.  This post is designed to dive into the first in the list: credit card bonuses.

The cards shown below are sorted by our formula for estimated first year value.  With cash back cards you’d think that a formula isn’t necessary.  Can’t you simply take the welcome bonus and subtract out the first year annual fee?  Nope.  We also have to account for the cost of spend.  Some cards have much higher minimum spend requirements which we need to account for.  For example, I’d argue that a $300 welcome offer that requires $500 spend is much better than a $300 offer that requires $3,000 spend.

For help with meeting spend requirements, please see: 7 ways to increase credit card spend from home.

Top 10 Cash Back Credit Card Offers

Top 10 offers are shown. Press “Next” to see more.

Card Offer
U.S. Bank Business Leverage® Visa Signature® Card
75K points
75K after $7500 spend in first 4 months

No Annual Fee First Year, Then $95

Recent better offer: None

Capital One Spark Cash Plus
Up to $1,000
Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account
opening

$150 Annual Fee

Note: This card is not expected to count against Chase's 5/24 Rule

Recent better offer: Expired 3/14/22: $3K after $50K spend in 6 months

Blue Cash Preferred® Card from American Express
$350 back
$350 cash back as a statement credit after $3K in the first 6 months. Terms Apply. (Rates & Fees)

$95 Annual Fee

Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Recent better offer: Up to $350: 10% cash back on purchases at U.S. Restaurants in the first 6 months, up to $200 back. Plus, earn $150 back after $1K spend in 3 months. (Expired 5/3/17)

Capital One Quicksilver
$200 Cash Back
One time bonus: $200 after $500 spend in 3 months from account opening

No Annual Fee

Capital One SavorOne Cash Rewards Credit Card
$200 Cash Back
One time bonus: $200 after $500 spend in 3 months from account opening

No Annual Fee

U.S. Bank Cash+®
$200 Cash Back
$200 after $1000 spend in 120 days

No Annual Fee

Discover it Miles - Double Miles your first year
$100 + First Year Double
Get $100 after first purchase. All "miles" earned in first 12 months will be doubled. This makes this a 3% cash back card for the first year.

No Annual Fee

Chase Slate Edge
$100 Cash Back
Earn $100 statement credit after $500 in purchases in first 6 months. 0% Intro APR for 18 months from account opening on purchases and balance transfers. A variable APR of 15.24% - 23.99% on balance transfers and purchases after the introductory period ends.

No Annual Fee

This card is subject to Chase's 5/24 rule (click here for details). Even though this card is marketed as a cash back card, it actually earns Ultimate Rewards points which are redeemable for 1 cent each, or can be combined with other Ultimate Rewards-earning cards to get even more value. This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months.

The Plum Card® from American Express
Up to $600
Earn a $200 statement credit after each $10,000 you spend on the card, up to $30,000, in the first 3 months of Card Membership. Terms Apply. (Rates & Fees)

$250 Annual Fee

Top 10 Redeemable for Cash Offers

Many cards earn points that are easily redeemed for cash where one point equals one cent.  This includes cards that earn Chase Ultimate Rewards, US Bank FlexPerks / Altitude points, Wells Fargo Go Far Rewards, and Citi ThankYou Rewards.  With Citi points, cashing out for 1 cent per point requires requesting a check to pay for a mortgage or student loan.  The Citi Prestige card is an exception since it allows a direct cash out at 1 cent per point.

The cards listed below offer points that are more valuable when used towards travel.  As a result, our estimated first year value (which uses enhanced travel value of points) is not a good measure for this post.

In order to understand how valuable each of the below offers is, convert the number of points to cash back, in your head by following this pattern (replace the “K” with a zero and add a dollar sign):

  • 25K points = $250
  • 50K points = $500
  • 60K points = $600
  • 80K points = $800
  • 100K points = $1,000

Since the first year value estimates use point values based on travel value, Please use the estimates shown below only as relative indicators of which offers are best for cash back.  However, if you think you are likely to use the points for travel, then the shown estimated values may be useful to you.

Top 10 offers are shown. Press “Next” to see more.

Card Offer
Chase Ink Business Preferred Card
100K points
100K after $15K spend in 3 months

$95 Annual Fee

See: How to sign up for Chase Ink cards

Recent better offer: 80K after $5K spend. Many preferred the 80K offer due to the much lower spend requirement

Ink Business Unlimited® Credit Card
75K points
75K after $7.5K spend in 3 months

No Annual Fee

See: How to sign up for Chase Ink cards

Recent better offer: None. This is the best we've seen.

Ink Business Cash® Credit Card
75K points
75K after $7.5K spend in 3 months

No Annual Fee

See: How to sign up for Chase Ink cards

Recent better offer: None. This is the best we've seen.

Citi Premier Card
80K points
80K points after $4K spend in the first 3 months

$95 Annual Fee

Recent better offer: None. This matches the best offer we've ever seen.

Chase Sapphire Preferred® Card
60K points
60K after $4K spend in 3 months

$95 Annual Fee

A similar offer with the first year annual fee waived may be found in-branch. YMMV.

Recent better offer: 100K after $4K in purchases in the first 3 months

U.S. Bank Altitude Reserve Visa Infinite Card
50K points
50K after $4.5K spend in 90 days

$400 Annual Fee

Chase Freedom Flex
20K points + 5X gas + 15 months 0% APR
Earn 20,000 points (worth $200 cash back) after spending $500 in the first 3 months + 5x Ultimate Rewards points (worth 5% cash back) on gas purchases for 1st year (on up to $6K in purchases). 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.74% - 24.49%.

No Annual Fee

Be sure to select the card you want after clicking through. This card is subject to Chase's 5/24 rule (click here for details). Even though this card is marketed as a cash back card, it actually earns Ultimate Rewards points which are redeemable for 1 cent each, or can be combined with other Ultimate Rewards-earning cards to get even more value. This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months.

Info about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Recent better offer: 20K points + 5x grocery stores for the first year on up to $12K in qualifying purchases

Chase Freedom Unlimited
Extra 1.5x everywhere + 15 months 0% APR
Earn an extra 1.5x everywhere on up to $20K in purchases for the first 12 months. 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.74% - 24.49%.

No Annual Fee

This card is subject to Chase's 5/24 rule (click here for details). Even though this card is marketed as a cash back card, it actually earns Ultimate Rewards points which are redeemable for 1 cent each, or can be combined with other Ultimate Rewards-earning cards to get even more value. This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months.

Citi Double Cash Card
$200 Cash Back
$200 cash back after $1.5K spend in first 6 months.

No Annual Fee

Recent better offer: None. This is the best we've seen.

Citi Custom Cash Card
20K Points
20K points after $1500 spend in the first 6 months

No Annual Fee

Recent better offer: Expired 9/13/22 - 20,000 points after $750 spend in first 3 months

Citi Rewards+ Card
20K points
20K points after $1.5K spend in 3 months

No Annual Fee

Advertiser and Refer-A-Friend Disclosure

Many of the card offers that appear on this site are from companies from which Frequent Miler receives compensation. Please see our full advertiser disclosure here. And, some offers are friend referrals in which we will earn points or other rewards in exchange for successfully referring you through the link shown here.

Generic 2 Affiliate Link Example
Offers for which we receive compensation are shown with credit card images.
Refer A Friend Example
Refer-a-friend offers are shown with this image
Non-Affiliate Link Example
With many of the best offers, we do not receive compensation. This is indicated by this “No Affiliate” card image

 

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[…] our Best Credit Card Offers page.  Or, if you’re only interested in cash back, check here: Best cash back credit card offers.  Note that we always publish the best public offers even if that means that we lose out on […]

rich

Any word on whether CC companies are more willing to waive AFs at this time? I may call some this Friday since I’m off that day. I certainly hope to be able to travel again this year but so infrequently that the rewards will be greatly diminished. And once things settle (next year?) I’d imagine there will be some very nice sign up bonuses to try and regain business.

Aloha808

What about the BoA Premium Rewards, WF signature/propel/propel world, Amex BC/BCP and Cash Magnet?

Aloha808

No worries. For the Amex cards, they do have referral/incognito elevated offers that can be higher than listed. For example, my father in law just got a cash magnet last month with a $225 SUB.

Nick Reyes

We always list the best publicly-available offer. When that’s a referral offer, we list a referral offer. Whatever the best offer is where you can simply go to our page and click through to apply is what we list on the page. We don’t list stuff where you have to use a specific browser or modify something in the address bar or anything like that as not everyone will be able to replicate it. We aim to keep the best publicly-available offer there where you’ll click through and see exactly what we’re listing. If you get targeted for something even better, that’s great.

Sophia

I am surprised you guys havent posted the limited $500 sign on bonus for the bank of america business cash card after spending $5000. Doctor of credit reported link: https://secure.bankofamerica.com/applynow/welcome.go

Nick Reyes

Updated. Thanks, Sophia!

Omer

It requires $5000 spending, not $3k