The Ultimate Guide to Credit Cards
Friday, July 3, 2020

15 Best Bank Bonus Credit Cards (2020)

15 Best Bank Bonus Credit Cards (2020)

credit card advice

Brittney Mayer
By: Brittney Mayer
Updated: April 7, 2020
Advertiser Disclosure

Every time you use your favorite credit card to make a purchase, the merchant must pay the credit card issuer a fee for the pleasure of collecting your money. While the specific fee varies by issuer, it’s generally around 2% of your purchase price — and that adds up quickly.

Because these purchasing fees are a big part of how many issuers make their money, it’s in each one’s best interest to encourage you to use its brand of card over its competitors. As the credit card market becomes increasingly saturated, however, issuers have needed to incentivize the use of their particular cards.

It was then that credit card rewards were born — and so, too, was their supersized sibling: the signup bonus. Fairly brimming with potential points and cash back, cards with succulent signup bonuses can be found from nearly every major bank. Let’s take a look at some of our experts’ top picks for the best bank bonus cards on the market today, including cash back bonuses, travel bonuses, and points bonuses.

Cash Back | Travel | Points

Top “Cash Back” Bank Signup Bonuses

The simplest of the credit card rewards, the cash back bonus is exactly what it sounds like: the bank or issuer gives you a portion of your spending back.

While this is usually a statement credit, not actual paper currency, cash back rewards are essentially like having a rebate coupon that’s good everywhere your credit card is accepted.

When it comes to finding the best cash back signup bonus, you’ll want to look at the minimum spending requirement; most signup bonuses have them. Make sure you can afford to pay off your purchases, or you may spend more on interest payments than what you receive in cash back rewards. You’ll also want to look out for annual fees, which can put a dent into any bonus.

  • Earn a $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.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No annual fee
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% 15 Months
N/A
14.99%–23.74% Variable
$0
Good/Excellent

With a minimum spending requirement attainable by most credit card users, the Chase Freedom Unlimited® has a solid signup bonus offer. You’ll also get an introductory 0% APR on new purchases, giving you a little more wiggle room to repay your purchases.

2

Discover it® Cash Back

This card is currently not available.

Cash Back Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Discover it® Cash Back did away with the spending requirement, instead offering a a unique year-end bonus that can really add up. This puts the amount of your signup bonus in your hands, and there’s no limit to how much you can earn.

CASH BACK RATING

★★★★★
4.5

OVERALL RATING

5.0/5.0
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • Unlimited 1% cash back on all other purchases - it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 14.99 - 23.74%.
  • 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5.
  • No annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 15 months
0% Intro APR on Balance Transfers 15 months
14.99% - 23.74% Variable
$0
Good/Excellent

Those interested in the Chase Freedom Unlimited®, but whose spending fits into a few key categories, should instead look at the Chase Freedom®. The Chase Freedom® has the same solid signup bonus offer, as well as 5% cash back in rotating categories such as groceries and gas.

4

Capital One® Savor® Cash Rewards Credit Card

This card is currently not available.

Cash Back Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

If your monthly spending is enough to hit the minimum requirement, the Capital One® Savor® Cash Rewards Credit Card signup bonus is a good choice. Not only is it one of the larger cash back signup offers, but the card also offers up to 4% cash back.

5

Capital One® Quicksilver® Cash Rewards Credit Card

This card is currently not available.

Cash Back Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Capital One® Quicksilver® Cash Rewards Credit Card has a good-sized signup bonus with a very attainable minimum spending requirement, making it a top choice for cash back signup bonus offers.

Top “Travel” Bank Signup Bonuses

Although cash may be king in many respects, when it comes to credit card rewards, it’s not always best. Anyone who travels regularly may prefer to earn miles, which often give you a greater dollar value per mile when redeemed for travel expenses like airline flights or hotel stays.

Travel rewards signup bonuses will have similar minimum spending requirements as those required for cash back bonuses, so be sure you can meet them if the bonus is your goal.

You’ll also want to make sure you can redeem your travel rewards with the specific airlines or hotel chains you use while traveling, as well as investigating the blackout dates or other availability restrictions.

6

Capital One® Venture® Rewards Credit Card

This card is currently not available.

Air Miles Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The rewards from your Capital One® Venture® Rewards Credit Card signup bonus can be redeemed in a few ways. You can redeem through Capital One® to cover eligible card purchases with any airline or hotel, so you can use your favorite brands. Or, transfer miles to a qualifying airline loyalty program to turn them into branded frequent flyer miles. The minimum spending requirement might be a little hefty for some, so make sure you don’t get in over your head.

AIR MILES RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That's 3X points in addition to the 2X points you already earn on travel.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
15.99% - 22.99% Variable
$95
Good/Excellent

With a whopping signup bonus worth up to $0.0125 per mile when redeemed for travel, the Chase Sapphire Preferred® Card is a stellar choice and the best value of the bunch. Of course, that’s provided you comfortably meet the large spending requirement without getting stuck with a bundle of interest charges.

8

Capital One® VentureOne® Rewards Credit Card

This card is currently not available.

Air Miles Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

For those who like the Capital One® Venture® Rewards Credit Card but don’t feel they can meet the large spending requirement, the Capital One® VentureOne® Rewards Credit Card is a good alternative. You can get the same blackout-free redemption through Capital One, but with a slimmed down signup bonus and spending requirement.

9

Discover it® Miles

This card is currently not available.

Air Miles Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Discover it® Miles comes with the same twist on the signup bonus as its cash back card. It’s a generous offer that can provide a lot of miles that translate to free travel accommodations in the future.

AIR MILES RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • New Offer! Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,250 toward travel when redeemed through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases - with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more - your points don't expire as long as your account is open
  • No foreign transaction fees
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
15.99% - 20.99% Variable
$95
Good/Excellent

With a good-sized signup bonus, the Ink Business Preferred® Credit Card can get you the most rewards when you redeem for travel through the Ultimate Rewards® portal or transfer to an eligible hotel or airline partner.

Top “Points & Rewards” Bank Signup Bonuses

Don’t want to be limited to cash back rewards, but not really into travel? Don’t fret, you still have tons of options for quality signup offers, including cards offering flexible points and unique bonuses.

Points and rewards cards offer greater versatility in the types of goodies you can redeem your rewards for, with options ranging from gift cards to your favorite stores and restaurants to brand-name merchandise direct from the issuer.

As always, keep an eye on minimum spending requirements and potential annual fees that can cut into your bonus. You’ll also want to make sure the individual rewards program offers the type of redemption options for which you’re looking.

POINTS & GIFTS RATING

★★★★★
4.9

OVERALL RATING

4.8/5.0
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That's 3X points in addition to the 2X points you already earn on travel.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
15.99% - 22.99% Variable
$95
Good/Excellent

POINTS & GIFTS RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
16.99%-23.99% Variable
$550
Good/Excellent

Both the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® earn the popular Ultimate Rewards. And while you may get top dollar when you use your  for travel purchases, that’s not the only way to redeem your points. Your Ultimate Rewards® points can also be used for things like gift cards, or even be redeemed for cash.

POINTS & GIFTS RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • New Offer! Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That's $1,250 toward travel when redeemed through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases - with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more - your points don't expire as long as your account is open
  • No foreign transaction fees
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
15.99% - 20.99% Variable
$95
Good/Excellent

The Ink Business Preferred® Credit Card card not only earns Ultimate Rewards® points, but the card also offers a significant signup bonus for those who can meet the spending requirement.

CITI® RATING

★★★★★
4.6

OVERALL RATING

4.6/5.0
  • The Citi Rewards+℠ Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
  • Earn 15,000 bonus points after you spend $1,000 in purchases with your card within 3 months of account opening; redeemable for $150 in gift cards at thankyou.com
  • 0% Intro APR on balance transfers and purchases for 15 months. After that, the variable APR will be 13.49% - 23.49%, based on your creditworthiness. Balance transfer fee — either $5 or 3% of the amount of each transfer, whichever is greater.
  • Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X Points on All Other Purchases.
  • The standard variable APR for Citi Flex Plan is 13.49% - 23.49%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
13.49% - 23.49% (Variable)
$0
Good/Excellent

Another incredibly flexible rewards program, the signup bonus you get from meeting the moderate spending requirement on the Citi Rewards+℠ Card can be redeemed for travel, entertainment, or retail purchases. You can even make a contribution to your favorite charity using ThankYou points.

Bank of America® Travel Rewards Credit Card Review

at Bank Of America'ssecure website

EXPERT'S RATING

★★★★★
4.7

OVERALL RATING

4.7/5.0
  • Earn unlimited 1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points
  • Enjoy no annual fee and no foreign transaction fees while earning points to use for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars or baggage fees
  • Introductory 0%† APR for your first 12 billing cycles for purchases.  After that, a Variable APR that's currently 14.99% to 22.99% will apply.
  • 25,000 online bonus points if you make at least $1,000 in purchases in the first 90 days of your account opening – which can be redeemed for a $250 statement credit toward travel purchases
  • Preferred Rewards members earn 25%-75% more points on every purchase
  • That means you could earn up to 2.62 points for every $1 you spend, everywhere, every time.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 12 billing cycles
N/A
14.99% - 22.99% (Variable)
$0
Excellent/Good

The Bank of America® Travel Rewards Credit Card not only offers a solid signup bonus, but it also comes with an unlimited 1.5 points for every $1 you spend — making it a simple way to earn points everyday.

The Best Way to Earn While You Spend

In today’s world, many of us would rather use plastic than paper — at least when it comes to how we make our purchases. And while rewards programs and signup bonus offers aren’t the only reasons we like to swipe when we buy, they certainly seem to be the effective incentive the issuers intended them to be.

Regardless of how sweet the deal may appear, however, remember that interest payments can add up quickly, so never spend more than you can afford to pay back in a timely manner. Signup bonuses are little good if you spend more than they’re worth trying to pay off your credit card.

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