Best cash back credit card offers

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
Capital One Spark Cash Business Credit Card
$500 Cash back
Earn a one-time bonus: $500 after $4.5K spend in 3 months

No Annual Fee First Year, Then $95

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 $2,000 Cash Back: Earn a one time bonus: $500 after $5K spend in 3 months from account opening and earn an additional $1,500 when you spend $50K in the first 6 months of account opening [Expired 1/27/20]

American Express® Blue Business Cash Card
Up to $500 in statement credits
Earn a $250 statement credit after $5K in purchases in the first 6 months and an additional $250 statement credit after an additional $10K in purchases in the first year. Terms apply. (Rates & Fees)

No Annual Fee

Blue Cash Everyday® Card from American Express
$225 Cash Back
$225 cash back after $1K in the first 3 months. Terms apply. (Rates & Fees)

No 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: $250 after $1K spend targeted (last reported 10/2015)

Up to $300: 10% cash back on purchases at U.S. Restaurants in the first 6 months, up to $200 back. Plus, earn $100 back after $1K spend in 3 months. (Expired 5/3/17)

Amazon Business American Express Card
Get a $125 Amazon Gift Card + $100 statement credit
Eligible Prime members get a $125 Amazon.com Gift Card upon approval. Additionally, get a $100 statement credit after $3,000 in purchases in the 2% and 1% categories in the first 90 days

No Annual Fee

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)

No Annual Fee First Year, Then $250

U.S. Bank Cash+
$150
$150 after $500 spend in 90 days

No Annual Fee

Blue Cash Preferred® Card from American Express
$250 Cash Back
$250 cash back after $1K in the first 3 months. Terms Apply. (Rates & Fees)

$95 Annual Fee

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)

American Express Cash Magnet® Card
$150 Cash Back
$150 back after $1K in purchases in first 3 months. Terms apply.

No Annual Fee

Fidelity Rewards Visa
$100 Cash Back
$100 after $1K spend in 3 months.

No Annual Fee

Discover it Miles - Double Miles your first year
$50 + First Year Double
Get $50 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

Ducks Unlimited Visa from First Bankcard

Currently there is no signup bonus for this card, but the bonus categories might make it attractive nonetheless.

No Annual Fee

Citizens Bank Cash Back Plus® World Mastercard®
5% back everywhere until 3/31/20
5% back everywhere through 3/31/19: Card ordinarily earns 1.8% back everywhere. There is currently an in-branch offer to earn an additional bonus of 3.2% back everywhere through 3/31/20 (to be paid out in May 2020)

No 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

Wells Fargo Visa Signature Card
Up to 50K bonus points
5X rewards points on up to $12,500 in gas, grocery, and drugstore purchases for 6 months. (that's 1x normal earnings plus 4x bonus)

No Annual Fee

Wells Fargo Propel American Express® Card
20K bonus points
20K after $1K spend in 3 months

No Annual Fee

Wells Fargo Cash Wise Visa® Card
$150 Cash Back
$150 after $500 spend in the first 3 months

No Annual Fee

Alternate offer: Some people are targeted (in their online Wells Fargo account or via snail mail) for 3% cash rewards for the first year up to $30,000 spent)

Citi Rewards+ Card
15K points
15K points after $1K spend in 3 months

No Annual Fee

Citi Rewards+ Student Card
2.5K points
2.5K after $500 spend in 3 months

No Annual Fee

Citi Double Cash Card

Recent better offer: None

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

 

Last updated on March 26th, 2020

About Greg The Frequent Miler

Greg is the owner, founder, and primary author of the Frequent Miler. He earns millions of points and miles each year, mostly without flying, and dedicates this blog to teaching others how to do the same.

More articles by Greg The Frequent Miler »

Regarding comments: Comments posted at the bottom of Frequent Miler pages and posts are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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Sophia
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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

Omer
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Omer

It requires $5000 spending, not $3k

Aloha808
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Aloha808

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

rich
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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.

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