It has been a long hot summer, and the cash back credit card market has shown little sign of slowing down now that September has arrived. In fact, all of the major credit card issuers continue to offer reward cards that include generous cash back sign-up bonuses for new applicants.
Because most of these offers do not require an annual fee, the decision to ditch an old credit card with a lackluster rewards program in favor of a new card with a nice bonus may not be particularly difficult.
Plus, consumers who have high rate debt can also benefit from the 0% interest rates on balance transfers offered by many of the cards listed below.
Chase offers its ever-popular Freedom Visa card with $100 of bonus cash back after $500 worth of purchases are made within three months of opening an account. Chase also offers a standard Sapphire card that provides 10,000 bonus points for the same spending. These points are also worth $100 in cash back, gift cards, or statement credits.
For higher spenders, the Sapphire Preferred offers 40,000 points, worth up to $500 in travel rewards for spending $2,000 in three months. The Freedom and standard Sapphire cards have no annual fee while the Sapphire Preferred has a $95 annual fee.
Citi’s Dividend Platinum Select Visa card offers a similar $100 bonus cash back promotion to new card members after $500 of purchases are made in three months. The Citi Dividend Visa card also carries a 0% APR for 12 months on purchases and balance transfers, a good tool for consumers who want to save money on interest while still earning a cash back bonus and rewards with every purchase.
Lastly, American Express’s Blue Cash Everyday card offers $100 in cash back, but only after new applicants spend $1,000 in the first three months of card membership. Their Blue Cash Preferred card offers $150 in cash back, also after $1,000 of spending in the first three months after opening a new account. While the Blue Cash Everyday card has no annual fee, the Preferred version does have a $75 annual fee.