3 Great Sign-Up Bonus Cards For May 2019
Over the last few years, card issuers have continuously improved their credit card offers to stay competitive. A big portion of these improvements has been dedicated to the card’s sign-up bonus, a reward you receive for spending a minimum amount within a certain period of receiving the card, usually 90 days.
These bonuses aren’t exactly mundane either, with some cards offering a huge $500 cash back bonus in cash or points. It’s a great way to earn hundreds of dollars of rewards quickly, but you also have to act quickly, as these offers don’t stick around forever. Below please find a few of our favorite offers on the market today.
Our Pick: Best All-Around Sign-Up Bonus Card
The Bank of America® Cash Rewards credit card is our pick for easy-to-achieve sign-up bonus rewards. With a $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening, this is the best bang-for-your-buck bonus card on the market today. Best of all, the $0 Annual Fee card allows you to earn cash back rewards in common categories as long as you use it.
The card utilizes multiple cash back tiers geared around everyday purchases with a new and improved offer:
- 3% - Earn 3% on the category of your choice including gas, online shopping, dining, travel, drug stores, or home improvement /furnishings for the first $2,500 in combined choice category/grocery/wholesale club purchases each quarter
- 2% - Earn 2% at grocery stores and wholesale clubs for the first $2,500 in combined choice category/grocery/wholesale club purchases each quarter
- 1% - Earn 1% cash back on all other purchases
Being able to select the 3% category of your choice makes this unique. Furthermore, you can update your category choice for future purchases once each calendar month. Do you have a road trip planned in the spring? An international flight in the fall? Using this card and updating the 3% category where you expect to spend in the future allows for big savings across multiple categories.
Finally, the card comes with an 0% Introductory APR on purchases for 12 billing cycles and 0% Intro APR for 12 billing cycles for any balance transfers made in the first 60 days. This allows you some time to pay off new purchases interest-free. After the intro period, the regular APR varies upon creditworthiness. Simply put, this card has a great sign-up bonus, long-term cash back savings in common spending categories, and the ability to customize how and where you earn your rewards. Keep this card in your wallet.
Our Pick: Best Sign-Up Bonus Card For Dining and Entertainment
The Capital One® Savor® Cash Rewards Credit Card is making a big splash as the new kid on the block. You might have seen all the recent Savor commercials touting its dining and entertainment rewards. Earn a one-time $300 cash bonus after you spend $3000 on purchases within the first 3 months from account opening, a huge sign-up bonus that makes this our favorite dining and entertainment card.
With a premium card, large bonus offers often require getting over a high hurdle to achieve it. The Savor card is no different. New Savor cardholders must hit a minimum spend of $3000 in 3 months to earn the $300 bonus. Those who are frequently going out and spending on dining and entertainment should be able to hit this threshold, but lower spenders might have trouble reaching the minimum spend needed.
Savor offers a generous rewards program:
- 4% - Earn unlimited 4% cash back on dining and entertainment
- 2% - Earn 2% at grocery stores
- 1% - Earn 1% on all other purchases
- 8% - Earn 8% cash back on tickets at Vivid Seats through May 2020
Additionally, Savor cardholders receive a monthly statement credit for a Postmates Unlimited monthly membership through December 2019. Plus, you still earn the 4% cash back, both on the membership fee and the orders you make through Postmates.
In short, this card is tailor-made for urbanites and millennials who frequently go out. The Savor card offers some first-year relief with an annual fee of $0 intro for first year; $95 after that. Bottom line, the huge sign-up bonus of $300 after spending $3000 on purchases in the first 3 months, coupled with the cash back rewards, makes this card a must-have for those who want to cash in on going out.
Our Pick: Best Sign-Up Bonus Card With Flat-Rate Rewards
Rounding out the list is the Capital One® Quicksilver® Cash Rewards Credit Card. Quicksilver offers a reasonable $150 cash bonus after spending $500 in the first 3 months. While this bonus isn’t as high as the Savor card, it offers high cash back rewards:
- 1.5% - Earn unlimited 1.5% cash back on every purchase, every day
Generally, those who like simplicity and easy-to-redeem rewards will appreciate the Quicksilver card. It has a little bit of everything: an easy-to-achieve welcome bonus, solid rewards rate, very generous APR of 0% intro on purchases for 15 months, and $0 Annual Fee.
The Quicksilver card put Capital One on the map and gave us the phrase, “What’s in your wallet?” Since they’ve sweetened the deal over the years, this is a great card to have.
Those looking for more options should check out our entire list of sign up bonus credit cards.