4 Best Sign-Up Bonus Credit Cards in 2021

Nowadays, credit card companies do everything in their power to attract users and make them stay loyal as long as possible. One of the techniques they use includes sign up bonuses and numerous other promotions. Therefore, considering the competition, choosing the best sign up bonus credit card can be an involved process.

Generally speaking, you can’t go wrong with any card that offers a sign up bonus as these offers will pay off eventually. However, why would you settle for an average option when you can get an outstanding one?

If you don’t know anything about these bonus perks, you’ve landed on the right page. To make your choice easier, we’ve gone through a plethora of different credit cards with amazing sign up bonuses only to narrow down the choice to four top candidates. To find out what they are and why they might be a good option for you, stay tuned!

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Top 4 Sign-Up Bonus Credit Cards in 2021

1. Chase Freedom Unlimited®

If you’re looking for a good credit card with a sign up bonus, the Chase Freedom Unlimited® is an excellent candidate. Spenders who purchase goods and services worth at least $500 within three months from getting this card will get a $200 bonus. Furthermore, you can earn 5% cashback on travel purchases, 3% drugstores, dining, and takeout, as well as 1.5% on any other purchase. Full Review

  • Sign-up bonus: $200
  • APR: 14.99%–23.74%
  • Annual fee: $0

If you’re looking for a good credit card with a sign up bonus, the Chase Freedom Unlimited® is an excellent candidate. Spenders who purchase goods and services worth at least $500 within three months from getting this card will get a $200 bonus. Furthermore, you can earn 5% cashback on travel purchases, 3% drugstores, dining, and takeout, as well as 1.5% on any other purchase. Full Review

2. Capital One® Quicksilver®

The experience with Capital One® Quicksilver® Card can easily be described in a single sentence — get cash back up to any amount, at any moment, without worrying about the expiration date during the life of your account. Plus, claim one of the best credit card sign up bonuses worth $150 if you spend $500 or more on purchases in the first three months! Full Review

  • Sign-up bonus: $200 cash bonus
  • APR: 15.49%–25.49%
  • Annual fee: $0

The experience with Capital One® Quicksilver® Card can easily be described in a single sentence — get cash back up to any amount, at any moment, without worrying about the expiration date during the life of your account. Plus, claim one of the best credit card sign up bonuses worth $150 if you spend $500 or more on purchases in the first three months! Full Review

3. Citi Rewards+℠ Card

All credit card users who want to get the most of their everyday purchases should consider the Citi Rewards+℠ Card, as this is currently one of the best credit cards in 2020, and the only credit card that instantly rounds up to the nearest 10 points no matter the purchase. For instance, by getting a $2 cup of coffee, you’ll earn 10 points, plus you won’t have to pay an annual fee for owning the card! Full Review

  • Sign-up bonus: 15,000 bonus points
  • APR: 13.49%–23.49%
  • Annual fee: $0

All credit card users who want to get the most of their everyday purchases should consider the Citi Rewards+℠ Card, as this is currently one of the best credit cards in 2020, and the only credit card that instantly rounds up to the nearest 10 points no matter the purchase. For instance, by getting a $2 cup of coffee, you’ll earn 10 points, plus you won’t have to pay an annual fee for owning the card! Full Review

4. Blue Cash Preferred® Card

Turn your regular shopping at a supermarket into an opportunity to get your hands on the best credit card bonuses in 2020. Make all your purchases count by using the Blue Cash Preferred® Card — claim $300 in statement credit for $3,000-worth of purchases within the first six months, and also get cashback for supermarket shopping, gas pumping, public transport rides, and more. Full Review

  • Sign-up bonus: $300
  • APR: 13.99%–23.99%
  • Annual fee: $95

Turn your regular shopping at a supermarket into an opportunity to get your hands on the best credit card bonuses in 2020. Make all your purchases count by using the Blue Cash Preferred® Card — claim $300 in statement credit for $3,000-worth of purchases within the first six months, and also get cashback for supermarket shopping, gas pumping, public transport rides, and more. Full Review

Best Credit Card Sign-Up Bonus Offers in 2020

 

Chase Freedom Unlimited® Best for travel and dining purchases
Quicksilver® from Capital One® Best for single-card users
Citi Rewards+℠ Card Best for small everyday purchases
Blue Cash Preferred® Card Best for grocery shoppping

 

Detailed Reviews

Chase Freedom Unlimited®
Chase Freedom Unlimited®

BEST FOR

travel and dining

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  • Sign-up bonus: $200 credit card bonus
  • APR: 14.99%–23.74%
  • Annual fee: $0
  • Rewards rate: 1.5%–5%
  • Foreign transaction fee: 3%
  • Intro APR: 0% APR for 15 months
  • Recommended credit score: Good

The Chase Freedom Unlimited® features a lot of amazing credit card bonus offers and features that will help you get most of your money-spending habits. First off, you won’t have to pay an annual fee, which is a great advantage right from the start.

What really separates this card from the rest are some financing options. My Chase PlanSM and My Chase Loan SM allow cardholders to borrow against their credit card limit and spread out payment of past purchases, respectively.

You can also look forward to a low intro APR of 0% on purchases during the first 15 months from opening an account. However, the main reason why you’d want to own the Chase Freedom Unlimited® is access to some of the best credit card bonus offers.

Everyone who spends $500 during the first three months of using the card will get a hefty $200 bonus. Additionally, there are different cashback rewards for different types of purchases, and the best part is that they will remain valid as long as your account is open.

Bonuses and Rewards

All new users can take advantage of the best credit card sign up bonus worth $200 if they spend $500 on purchases during the first three months of opening the account. Also, all grocery store purchases will bring you 5% cashback, up to $12,000 spent within the first year (except at Target® and Walmart®), after which they revert to the basic 1.5% cashback.

Speaking of cashback offers, the Chase Freedom Unlimited® has some of the best credit card promotions. If you use your card for travel purchases via Chase, you’ll earn 5% cashback, while dining at restaurants and drugstore shopping will help you earn 3%. If you use your card for any purchase that doesn’t fall under any of the mentioned categories, you’ll get a cashback of 1.5%.

Finally, cashback rewards do not expire, meaning you’ll be able to utilize this credit card signup bonus as long as your account remains open. There is no minimum required to redeem for cash back, so you can relax and use your bonus the way you like it.

Pricing and Fees

To start with, the Chase Freedom Unlimited® doesn’t have any annual fees. Moreover, during the first 15 months of acquiring the card, your intro APR for purchases will be 0%.

Once that period is over, based on your creditworthiness, the APR will range from 14.99% to 23.74%. This percentage range is one of the best credit card deals on the market. You can expect the same APR (sans the intro APR period) for My Chase LoanSM too, while Cash Advance APR is 24.9%.

The Chase Freedom Unlimited® has somewhat steep fees:

Balance Transfers — Either $5 or 5% of the amount of each transfer.
Cash Advances — Either $10 or 5% of the amount of each transaction.
Foreign Transactions — 3% of the amount of each transaction in US dollars.
My Chase PlanSM — 0% during the intro APR period and 1.72% after.

For all fees that can be either a fixed amount or a percentage of the transaction amount, the greater sum will be charged, and late and return payments will be charged up to $39.

What We Liked & Didn’t Like

The Chase Freedom Unlimited® is one of the best welcome bonus credit cards on the market for a reason. The $200 bonus is only the first one in the line of benefits that await once you acquire your card. Each of the others that follow only makes the package better regardless of what you spend your money on.

More importantly, as long as your account is open, these rewards will be there, so you’ll get the cashback for almost any purchase. Also, the fact that there’s no annual fee and the 0% APR in the first 15 months make this card one of the best cash back credit cards.

Its My Chase PlanSM and My Chase LoanSM features also offer some great financing options to cardholders. Not everyone will find them worthwhile, but they’re definitely nice to have.

However, be mindful of the transaction fees. They’re somewhat steep, and the foreign transaction fee especially is pretty unfavorable with its 3% surcharge on any purchases abroad.

Capital One® Quicksilver®
Capital One® Quicksilver®

BEST FOR

single-card users

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  • Sign-up bonus: $200 cash bonus
  • APR: 15.49%–25.49%
  • Annual fee: $0
  • Rewards rate: 1.5%
  • Foreign transaction fee: None
  • Intro APR: 0% for 15 months
  • Recommended credit score: Excellent

If you prefer consistent rewards when it comes to credit card bonus offers, then this card has all you need as its rewards plan offers a 1.5% cashback on every purchase. And while some other cards might offer bigger percentages for their rewards, with the Capital One® Quicksilver®, you will get them every day for every purchase.

But before you dive into purchasing, you should know that every user who spends $500 within three months of getting the card also gets a $150 cash credit card bonus. You can also use your rewards to shop online or you can redeem them with PayPal.

So, if you have a good enough credit score, don’t hesitate to get this card.

Bonuses and Rewards

Once you sign-up for the Capital One® Quicksilver® Card, you won’t have to ask for rewards ever again as you will be earning them every day. Upon opening your account, you become the owner of the best credit card with a sign up bonus — we’re talking about a $150 cash bonus provided that you spend $500 on purchases within the period of the first three months.

Yet, this is not all you’ll get from this card. There’s also 1.5% cashback you’ll get on every purchase, every day. These rewards can be used in various ways, including Amazon shopping as well as various other online stores for anyone who checks out with PayPal.

The rewards can be redeemed for cash — either as a check or a statement credit. Other ways to use your best credit card for a sign up bonus is to directly cover your most recent purchases or spend them on gift cards.

Pricing and Fees

In the first 15 months of opening your account, you’ll enjoy a 0% introductory APR. After this period ends, the APR for purchases will rise to 15.49%, 21.49%, or 25.49%, and the same goes for APR for transfers. The APR for Cash Advances is fixed at 25.49%.

When it comes to fees, the situation is pretty fair, and you’re basically getting the best credit card sign up bonus with no annual fee. You won’t be required to pay the annual fee, and the late payment fee won’t go over $40. The transfer fee will be 3% of each transferred balance during a promotional APR, while there won’t be any fees for balances transferred at the Transfer APR.

Finally, the Cash Advance fee will be either $10 or 3% of each cash advance amount, whichever is greater.

What We Liked & Didn’t Like

Capital One® Quicksilver® has everything an average spender needs with a highlight on the best credit card promotions. There’s 0% APR on purchases for 15 months and no annual fee requirement. Also, the $200 cash bonus and 1.5% unlimited cash back on all purchases every day is a great way to award regular spenders.

The card also has a fantastic option to use your rewards for online shopping or redeem them with PayPal. Just bear in mind that late payments will be charged $40, so make sure to pay your dues on time.

Citi Rewards+℠ Card
Citi Rewards+℠ Card

BEST FOR

small everyday purchases

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  • Sign-up bonus: 15,000 bonus points
  • APR: 13.49%–23.49%
  • Annual fee: $0
  • Rewards rate: 1%–2%
  • Foreign transaction fee: 3%
  • Intro APR: 0% for 15 months
  • Recommended credit score: Very Good

Meant for people with high credit scores, Citi Rewards+℠ Card provides the best credit card sign up bonus offers and a wide range of benefits to make your everyday purchases more enjoyable. For example, if you spend $1,000 in purchases in the first three months, you’ll earn 15,000 ThankYou points.

Then, for the first $6,000 within a year, you can earn 2x ThankYou® points at gas stations and supermarkets, while all the other purchases will bring you one point. The collected points can then be redeemed for travel rewards and gift cards depending on your preference.

Although the amount you have to spend to activate the sign-up bonus is pretty high, your Citi Rewards+℠ Card is the best intro bonus credit card that comes with a 0% introductory APR for the first 15 months and a $0 annual fee, which evens things out in the end.

Bonuses and Rewards

Citi Rewards+℠ Card has an extensive portfolio of promotions, starting with the sign-up bonus worth 15,000 ThankYou points. All new users ready to spend $1,000 in the first three months can grab this amazing deal that is currently one of the best credit card bonuses worth up to $150 in gift cards at thankyou.com.

Yet, the feature that makes Citi Rewards+℠ Card stand out from the crowd is the automatic rounding up to the nearest 10 points on every purchase. To put it simply, a drink worth $3 will get you 10 points, a bill of $12 earns 20 points, and so on.

By using this card, you’ll also collect ThankYou® points — 2 per dollar in purchases at supermarkets and gas stations (up to $6,000 in a single year), and 1 point per dollar for every other purchase.

On top of the plethora of best credit card bonuses for 2020, there’s an annual bonus that gives you back 10% of total ThankYou® points you manage to redeem, and it can go up to 100,000 points per one year.

Pricing and Fees

Citi Rewards+℠ Card follows the industry standards when it comes to intro APR, meaning you’ll enjoy 0% of it for 15 months from the moment of opening an account. However, even after the promo period is over, the variable APR for purchases won’t be a big deal — it will go from 13.49% to a maximum of 23.49%, thus making Citi Rewards+℠ one of the top credit cards.

The 0% introductory APR for the first 15 months applies to the Balance Transfer as well, and the same range of 13.49%–23.49% variable APR follows after those 15 months. There’s also a rule saying that balance transfers have to be completed within four months from opening an account.

For a Balance Transfer fee, you’ll have to pay $5 or 3% of the amount of each transfer. Also, be mindful about the foreign transaction fee — you’ll have to pay 3% of each purchase when it gets converted into US dollars.

What We Liked & Didn’t Like

The most appreciated aspect of Citi Rewards+℠ Card is its credit card bonus that automatically rounds up to the nearest 10 points whenever you purchase something. To put it simply, you’ll get 10 bonus points even if you buy an item that costs $2, which is quite a good deal. Then there are those 15,000 ThankYou bonus points for $1,000 purchases and the rest of the promotions on your supermarket and gas station bills.

On the other hand, Citi Rewards+℠ credit card offers something you probably won’t find beneficial — the required spend for unlocking the sign up bonus is double one of the industry standards, and you can redeem the collected points for the equivalent of $150 in gift cards at thankyou.com.

  • Sign-up bonus: $300
  • APR: 13.99%–23.99%
  • Annual fee: $95
  • Rewards rate: 1%-6%
  • Foreign transaction fee: 2.7%
  • Intro APR: 0% for the first 12 months
  • Recommended credit score: Good

The Blue Cash Preferred® Card nicely incorporates all the best credit card rewards in the first year of use — great bonus offers, 0$ annual fee, and 0% intro APR on purchases. However, after the first 12 months, the expenses slightly change.

Yet, this shouldn’t stop you from taking advantage of the $300 bonus and other promotions if your credit score is good enough. Still, even during the first year, you should watch out for a foreign transaction fee that’s always a constant of  2.7% of each transaction.

Bonuses and Rewards

The Blue Cash Preferred® Card gives back a $300 credit card bonus in the form of statement credit for $3,000 purchases in the first six months. Apart from that, there are numerous promotions related to different shopping activities across the US.

There’s a 6% cashback on purchases up to the maximum of $6,000 per year at US supermarkets. After the allotted amount is spent or the year expires, the percentage drops to 1%.

The 6% cashback is also applicable to select US streaming subscriptions, and that’s not the last category of expenses that can bring you rewards. With the Blue Cash Preferred® credit card deals, you can earn 3% cashback on transit, including buses, trains, taxis, rideshares, tolls, parking, and more, and also get 3% cashback when pumping gas at US gas stations.

Also, other purchases that don’t fit anything of the above will bring you 1% cashback. Once again, remember that cashback is granted in the form of reward dollars and can be claimed as a statement credit.

Pricing and Fees

Introductory APR for purchases with the best credit cards are almost always 0% for the first 12 months after opening your account, which is also the case with Blue Cash Preferred® Card. When the first year passes, APR increases to 13.99%–23.99%. Cash Advance for cardholders is 25.24%.

In case you make one or more late payments or your bank returns your payment, you’ll become subject to a penalty APR of 29.24%. You should be mindful and make your payments regularly, as this penalty APR will apply for at least six months and will significantly diminish the value you get from one of the best credit card offers on the market; it may even end your introductory APR prematurely. The penalty will continue to apply until it becomes certain that you have made timely payments, with no returned payments.

The annual fee is 0% for the first year, after which it increases to $95. Regarding the transaction fees, you should be aware of two different types:

  • Cash advance — $10 or 5% of the amount of each cash advance, whichever is greater.
  • Foreign transaction — 2.7% of each transaction after conversion to US dollars.

Lastly, penalty fees for late payment and returned payment can go up to $40.

What We Liked & Didn’t Like

In terms of bonus offers, Blue Cash Preferred® Card is one of the best credit cards you can own. This card might save you a significant amount of money, especially when it comes to supermarket purchases. Another great thing is that intro APR for the first year remains 0%, and there’s also no annual fee during that same period.

However, the downsides of this card are the annual fee that jumps to $95 once the first year expires and the foreign transaction fee that’s 2.7% of each transaction. Also, you should know that American Express is not accepted at as many places as Visa or Mastercard.

Buyer’s Guide: How to Pick a Credit Card With the Best Sign-Up Bonus

The best credit card bonus is difficult to quantify because peoples’ needs and capabilities vary. In other words, no credit card can be considered better than the others in terms of bonuses and promotions because that solely depends on your spending habits. However, you can easily discover what credit card is the best for you.

Read about the most important characteristics you should pay attention to when looking for the best credit card sign up bonus.

Define Your Spending Habits

Every credit card has a unique sign-up bonus — it can be a cashback bonus, points, extra miles, or come in a variety of other forms. Also, different bonuses are designed for different purposes — some can be earned at supermarkets, others at gas stations, and so on. Having this in mind, before you decide which credit card sign up bonus suits you best, you should first objectively assess your spending habits and see where most of your money goes to.

Determine Your Credit Score

Your credit score plays a vital role when it comes to your credit card choice. Nowadays, the credit score required by most credit cards ranges from good to excellent, and this information is important so you could find the best credit card bonus for yourself. In other words, determine your credit score before you start your quest for the perfect card.

Read Reviews

In order to stay competitive, almost all credit cards today offer sign-up bonuses combined with different promotions. If you want to get the most out of your transaction, you should read articles like this one that compares different credit cards. In this way, you’ll easily find the best credit card bonuses and start earning even while spending.

Look Out For Pricing and Fees

Although there is some kind of industry standard, not all credit cards base their pricing plan according to it. Nevertheless, this information is public, and you can easily find it online before you make up your mind about which credit card you want to get. Compare the annual fees, APR, and any other expenses that matter to you, and you’ll find the best sign up bonus credit card with ease.

Final Thoughts

In recent years, credit cards have become a lot more than just another payment option. One of the greatest benefits they offer includes amazing sign-up bonuses that can turn your daily expenses into a source of income. What is more, today, you can get different credit cards designed to fit specific spending habits.

Therefore, if you’re on the lookout for the best sign up bonus credit card, give a chance to one of the small pieces of plastic mentioned in this review. Make sure to read each description carefully, and once you’re done with all of them, it’ll be easy to pick your favorite. After that, the only thing left to do is to open an account and claim that sign up bonus you’ve been waiting for.

FAQ

What is a credit card sign up bonus, and how does it work?

A credit card sign up bonus is a way for your credit card issuer to thank you for using their services. It can be in the form of cashback, points, or miles you can claim when you open a credit card account. Yet, to unlock that bonus, you’ll first need to spend a specific amount of money within a particular time-frame.

Which credit card has the best sign up bonus?

All credit cards available today come with some kind of a sign up bonus. Therefore, there’s no such thing as the universal “best bonus” — this primarily depends on your spending habits and shopping preferences. That’s why you should first determine what you usually spend your money on, and start looking for the right card.

Which credit cards give you money for signing up?

Short answer? None of them. Nowadays, most credit cards offer a sign up bonus. However, they won’t hand you cash the moment you open an account. Instead, you’ll be required to spend a certain amount of money within a specific period, after which you’ll become eligible to collect your bonus.

What is the best credit card for 2020?

As there’s no universal “best sign up bonus,” there’s also no universal “best credit card;” for this year or any other. It all depends on your specific preferences, credit score, and shopping habits.

The best credit card for 2020 is definitely the credit card with best sign up bonus, the best APR, and minimal fees you’ll have to pay. If we were forced to choose, out of the cards listed in this article, it would be difficult to beat Blue Cash Preferred® or Chase Freedom Unlimited®, both because of their substantial sign up rewards and generous cashback offers.

What is the best credit card offer right now?

To find out the best credit card offer, you’ll first have to decide what kind of rewards you would like to get. Some credit cards offer a sign up bonus in the form of a cashback, while others give you bonus points you can later redeem for selected products and services. Some of the best credit card deals right now include statement credit offers going up to $300, while others provide several thousand bonus points.

Is it better to get a cash or points sign up bonus?

Both cash and points sign up bonuses have some advantages. While a cash bonus simply gives you back a certain amount of money, points can be used to grant you some extra benefits depending on your credit card issuer. So, your choice should depend on the form of the prize you prefer to get.

How can you maximize sign up bonuses?

As we’ve mentioned before, research is the first step. Once you’ve figured out what you spend your money on the most, pick the credit card that will make fulfilling the terms to get its sign up bonus easy.

After that, it’s simple. Just use your card in such a way to ensure you’ll get the most out of its sign up bonus. If you do everything right, your best sign up bonus credit card will net you a nice reward in three to six months. In addition, you’ll probably be reaping the rewards of your hard work for a long time to come.