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Best cash back credit card bonus offers

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Images By Tang Ming Tung/Getty Images
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At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for . The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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When looking for a new credit card, it may be tempting to choose a card with flashy travel perks like airport lounge access, a free TSA PreCheck membership or automatic elite status. But if you’re not a frequent traveler, you may get more use out of cash back rewards over travel rewards.

Although the best cash back credit cards may seem less exciting at first glance, they can still provide a lot of value to cardholders. Cash back cards can save you time and effort thanks to their simple redemption process. You won’t have to worry about navigating a long list of complicated rules just to be able to access your rewards. To redeem your cash back, all you’ll have to do is request your distribution mode of choice, whether that be via a statement credit, check or direct deposit to your bank account. Plus, some cash back cards allow you to redeem cash back in more ways, such as for gift cards or online shopping.

Wait — it gets better. Many cash back credit cards offer limited-time cash bonuses to new cardholders. If you’re looking for a new credit card, here are some of the best cash back credit card sign-up bonuses available right now.

Best annual-fee cards with a flat cash back bonus

Flat cash back bonuses are just that: A fixed amount of cash, often in the form of a statement credit, that you’ll receive after meeting certain spending requirements within a specified time frame.

Blue Cash Preferred Card from American Express

  • Welcome bonus: $350 statement credit after you spend $3,000 within the first six months of card membership
  • Annual fee: $95
  • Rewards rate: 6 percent cash back on U.S. supermarket purchases (on up to $6,000 in purchases per year, then 1 percent back); 6 percent cash back on select U.S. streaming subscription services; 3 percent cash back on U.S. gas station purchases and transit; 1 percent cash back on all other purchases
  • What else you should know: 0 percent intro APR on purchases and balance transfers for 12 months (then a variable APR of 16.24 percent to 27.24 percent); complimentary ShopRunner membership; purchase and return protection on eligible items; extended warranty coverage; earn bonus rewards through Amex Offers

Read our full review of the Blue Cash Preferred® Card from American Express.

Capital One Savor Cash Rewards Credit Card*

  • Welcome bonus: $300 cash bonus after spending $3,000 within the first three months
  • Annual fee: $95
  • Rewards rate: 8 percent cash back on tickets from Vivid Seats (through Jan. 31, 2023); 4 percent cash back on entertainment, dining and select popular streaming services; 3 percent cash back at grocery stores; 1 percent cash back on all other purchases
  • What else you should know: Save money when you shop online with the Capital One Shopping browser extension; Capital One Entertainment access; no foreign transaction fees

Read our full review of the Capital One Savor Cash Rewards Credit Card.

Best no-annual-fee cards with a flat cash back bonus

Don’t want to pay an annual fee? Consider these card options:

Chase Freedom Unlimited

  • Welcome bonus: Earn an additional 1.5 percent cash back on top of all purchases’ original cash back rate (on up to $20,000) for the first year (exclusive offer through Bankrate)
  • Annual fee: $0
  • Rewards rate: 5 percent cash back on Lyft purchases (through March 2025); 5 percent cash back on travel purchased through Chase Ultimate Rewards; 3 percent cash back on dining; 3 percent cash back at drugstores; 1.5 percent cash back on all other purchases
  • What else you should know: 0 percent intro APR on purchases and balance transfers for 15 months (then a variable APR of 17.24 percent to 25.99 percent); eligible for Chase’s Pay Yourself Back, which provides a 25 percent to 50 percent value boost when you redeem rewards toward past purchases or charitable contributions; can combine cash back with a Chase Ultimate Rewards card to redeem for travel in the Chase Ultimate Rewards portal or transfer to a Chase travel partner at a 1:1 ratio; free DashPass subscription for three months, then 50 percent off for nine months (must activate before Dec. 31, 2024)

Read our full review of the Chase Freedom Unlimited®.

Capital One SavorOne Cash Rewards Credit Card

  • Welcome bonus: $200 cash bonus after spending $500 on purchases within the first three months
  • Annual fee: $0
  • Rewards rate: 8 percent cash back on purchases from Vivid Seats (until Jan. 31, 2023); 3 percent cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart and Target); 1 percent cash back on all other purchases
  • What else you should know: 0 percent intro APR on purchases and balance transfers for 15 months (then a variable APR of 16.49 percent to 26.49 percent); save money when you shop online with the Capital One Shopping browser extension; Capital One Entertainment access; no foreign transaction fees

Read our full review of the Capital One SavorOne Cash Rewards Credit Card.

Capital One Quicksilver Cash Rewards Credit Card

  • Welcome bonus: $200 cash bonus after spending $500 on purchases within the first three months
  • Annual fee: $0
  • Rewards rate: 1.5 percent cash back on all purchases
  • What else you should know: 0 percent intro APR on purchases and balance transfers for 15 months (then a variable APR of 16.49 percent to 26.49 percent); Capital One Entertainment access; no foreign transaction fees

Read our full review of the Capital One Quicksilver Cash Rewards Credit Card.

Bank of America Customized Cash Rewards credit card

  • Welcome bonus: $200 online cash rewards after spending $1,000 on purchases within the first 90 days of account opening
  • Annual fee: $0
  • Rewards rate: 3 percent cash back in the category of your choice (choose from gas, online shopping, dining, travel, drugstores or home improvement); 2 percent cash back at grocery stores and wholesale clubs; 3 percent and 2 percent cash back categories capped at $2,500 in combined quarterly purchases, then 1 percent cash back in these categories; 1 percent cash back on everything else
  • What else you should know: 0 percent intro APR on purchases and balance transfers for 18 billing cycles, then a variable APR of 16.24 percent to 26.24 percent (0 percent intro APR applies to balance transfers made in the first 60 days; a 3 percent fee (min. $10) applies); can change 3 percent cash back category once a month; Bank of America Preferred Rewards members can earn a 25 percent to 75 percent boosted rewards rate depending on their status tier; access to BankAmeriDeals’ limited-time offers

Read our full review of the Bank of America® Customized Cash Rewards credit card.

Bank of America® Customized Cash Rewards credit card last updated on August 23, 2022.

Blue Cash Everyday Card from American Express

  • Welcome bonus: $200 statement credit after spending $2,000 within the first six months
  • Annual fee: $0
  • Rewards rate: 3 percent cash back at U.S. supermarkets, at U.S. gas stations and on U.S. online retail purchases (on up to $6,000 in each category per calendar year, then 1 percent) and 1 percent cash back on other purchases
  • What else you should know: 0 percent intro APR on purchases and balance transfers for 15 months (then a variable APR of 16.24 percent to 27.24 percent); Amex’s Pay It Plan It; access to American Express Experiences; complimentary ShopRunner membership; earn bonus rewards through Amex Offers; receive a $7 credit each month when you spend $13.99 or more per month on an eligible Disney Bundle subscription

Read our full review of the Blue Cash Everyday® Card from American Express.

Chase Freedom Flex

  • Welcome bonus: $200 cash bonus after spending $500 within the first three months
  • Annual fee: $0
  • Rewards rate: 5 percent cash back on activated bonus category purchases (on up to $1,500 in purchases per quarter, then 1 percent); 5 percent cash back on Lyft purchases (through March 2025); 5 percent cash back on travel purchased through Chase Ultimate Rewards; 3 percent cash back on dining and at drugstores; 1 percent cash back on all other purchases
  • What else you should know: 0 percent intro APR on purchases and balance transfers for 15 months (then a variable APR of 17.24 percent to 25.99 percent); eligible for Chase’s Pay Yourself Back; option to combine cash back with a Chase Ultimate Rewards card to redeem for travel in the Ultimate Rewards portal or transfer to a Chase travel partner at a 1:1 ratio; free DashPass subscription for three months, then 50 percent off for nine months (must activate before Dec. 31, 2024); cellphone protection; trip cancellation/interruption insurance

Read our full review of the Chase Freedom Flex℠.

Amazon Prime Rewards Visa Signature Card*

  • Welcome bonus: Up to $150 Amazon gift card upon approval
  • Annual fee: $0 ($139 Amazon Prime subscription required)
  • Rewards rate: 5 percent cash back at Amazon.com and Whole Foods Market; 2 percent cash back at restaurants, gas stations and drugstores; 1 percent cash back on all other purchases
  • What else you should know: Earn 10 percent to 25 percent back on certain items through limited-time, exclusive Prime card offers; purchase protection; extensive travel protections like travel accident insurance, lost luggage reimbursement, baggage delay insurance, an auto rental collision damage waiver and roadside dispatch

Read our full review of the Amazon Prime Rewards Visa Signature Card.

Best cards with a higher bonus potential

If you spend more with these cash back cards, you can get a bigger welcome bonus. Plus, all of these cards come with no annual fee, which means they can be particularly lucrative — especially if the earnings categories already align with your spending habits.

Discover it Cash Back

  • Welcome bonus: Automatic Cashback Match — Discover will double all of the cash back you’ve earned during your first year
  • Annual fee: $0
  • Rewards rate: 5 percent cash back on activated bonus category purchases (on up to $1,500 in purchases per quarter, then 1 percent); 1 percent cash back on all other purchases
  • What else you should know: 0 percent intro APR on purchases and balance transfers for 15 months (then a variable APR of 14.24 percent to 25.24 percent); no penalty APR or penalty fee on your first late payment (then up to $41 fee); free identity theft alerts (requires activation); no foreign transaction fees

Read our full review of the Discover it® Cash Back.

Discover it chrome

  • Welcome bonus: Automatic Cashback Match — Discover will double all of the cash back you’ve earned during your first year
  • Annual fee: $0
  • Rewards rate: 2 percent cash back at gas stations and restaurants (on up to $1,000 in combined quarterly purchases, then 1 percent); 1 percent cash back on all other purchases
  • What else you should know: 0 percent intro APR on purchases and balance transfers for 15 months (then a variable APR of 14.24 percent to 25.24 percent); free identity theft alerts (requires activation); no penalty APR or penalty fee on your first late payment (then up to $41 fee); no foreign transaction fees

Read our full review of the Discover it® chrome.

Capital One Walmart Rewards Mastercard

  • Welcome bonus: 5 percent cash back on in-store Walmart purchases for the first 12 months when you use your card with Walmart Pay
  • Annual fee: $0
  • Rewards rate: 5 percent cash back at Walmart.com (including pickup and delivery); 2 percent cash back in Walmart stores and at gas stations; 2 percent cash back at restaurants and on travel; 1 percent cash back on all other purchases
  • What else you should know: Can use the card immediately after approval in the Walmart app; no penalty APR

Read our full review of the Capital One Walmart Rewards® Mastercard®.

Discover it Student Cash Back

  • Welcome bonus: Automatic Cashback Match — Discover will double all of the cash back you’ve earned during your first year
  • Annual fee: $0
  • Rewards rate: 5 percent cash back on activated bonus category purchases (on up to $1,500 in combined purchases per quarter, then 1 percent); 1 percent cash back on all other purchases
  • What else you should know: No credit history is required to apply; 0 percent intro APR on purchases for six months and 10.99 percent intro APR on balance transfers for six months (then a variable APR of 15.24 percent to 24.24 percent); free identity theft alerts (requires activation); no penalty APR or penalty fee on your first late payment (then up to $41 fee); no foreign transaction fees

Read our full review of the Discover it® Student Cash Back.

The bottom line

Earning cash back with a credit card is great, but earning an extra cash bonus after opening a new card is even better. You’ll have to decide if a credit card with flat-rate cash back rewards or rotating bonus categories is a better fit for you. Either way, don’t let exciting welcome offers encourage you to spend more than you can afford to pay off in time just to earn a welcome reward — interest charges may very well cancel out the benefits of a welcome bonus.

*All information about the Capital One Savor Cash Rewards Credit Card and the Amazon Prime Rewards Visa Signature Card has been collected independently by Bankrate and has not been reviewed or approved by the issuer.

Written by
Kelli Pate
Personal Finance Writer
Kelli Pate is a former contributor to Bankrate and a freelance writer and copy editor living in Kansas City, though she's a Jersey girl at heart. When she's not writing about personal finance and credit cards, she's immersing herself in the world of travel hacking.
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