Best Credit Cards for Earning Bonus Cash with Minimum Required Spending

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Do you know that you only need to spend $500 on a new credit card to get a bonus of $200? Yes, a few credit cards actually offer new card members a rich bonus of $200 after a minimal $500 is spent on purchases within the first 90 days. This is a whopping 40% cash back on the first $500 charged to your credit card. In addition, many of these credit cards also offer 2% cash back on select purchases, 0% introductory APR, and have no annual fee.

Credit Cards that Offer $200 Bonus after $500 is Spent

Here is a quick rundown of the top credit cards that offer $200 bonus cash after you spend $500 within the first few months.

$200 Bonus after $500 is Spent

Credit CardBonus and RewardsAnnual Fee
Chase Freedom Flex

Chase Freedom Flex℠

  • $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more
  • 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.
  • $0
    Capital One Quicksilver Cash Rewards Credit Card

    Capital One Quicksilver Cash Rewards Credit Card

  • One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Unlimited 1.5% cash back on every purchase, every day
  • Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • $0

    Similar Credit Cards

    You may also consider a few other credit cards with similar bonus rewards. Some offer $200 bonus after $1,000 is spent. Some offer bonus miles after qualified spending.

    Credit CardBonus and RewardsAnnual Fee
    Wells Fargo Active Cash CardWells Fargo Active Cash® Card
  • $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months
  • Unlimited 2% cash rewards on purchases
  • $0
    (fees)
    Bank of America Customized Cash Rewards Credit CardBank of America® Customized Cash Rewards credit card
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
  • 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
  • If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
  • $0
    Citi Custom Cash CardCiti Custom Cash℠ Card
  • $200 in cash back after you spend $750 on purchases in the first 3 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
  • No rotating bonus categories to sign up for - as your spending changes each billing cycle, your earn adjusts automatically when you spend in any of the eligible categories.
  • 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases.
  • $0
    Citi Rewards+ CardCiti Rewards+® Card
  • 20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com
  • 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X ThankYou® Points on All Other Purchases.
  • $0
    Bank of America Unlimited Cash Rewards credit cardBank of America® Unlimited Cash Rewards credit card
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
  • Unlimited 1.5% cash back on all purchases.
  • If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 1.87%-2.62% cash back on every purchase with Preferred Rewards.
  • $0
    Bank of America Travel Rewards Credit CardBank of America® Travel Rewards credit card
  • 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.
  • Unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire.
  • If you're a Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases.
  • $0
    Citi Premier CardCiti Premier® Card
  • For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
  • 3 Points per $1 spent at Restaurants and Supermarkets
  • 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • 1 Point per $1 spent on all other purchases
  • $95
    U.S. Bank Altitude Connect Visa Signature CardU.S. Bank Altitude® Connect Visa Signature® Card
  • Intro Offer: Earn 50,000 bonus points when you spend $2,000 in eligible purchases within the first 120 days of account opening. That's a $500 value redeemable towards travel, gift cards, cash back, merchandise and more.
  • Receive up to $100 in statement credits for reimbursement toward your TSA PreCheck® or Global Entry® application fee once every four years.
  • 5X points on prepaid hotels and car rentals booked directly in the Altitude Rewards Center.
  • $0 introductory annual fee for the first 12 months, after that $95
    U.S. Bank Altitude Go Visa Signature CardU.S. Bank Altitude Go Visa Signature Card
  • Intro Offer: Earn 20,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening. That's a $200 value redeemable towards merchandise, gift cards, cash back, travel and more.
  • 4X points on dining, takeout, and restaurant delivery.
  • $0
    Bank of America Premium Rewards Credit CardBank of America® Premium Rewards® credit card
  • Receive 50,000 online bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening.
  • Unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points for every $1 spent on all other purchases.
  • If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means you could earn 2.5-3.5 points on travel and dining purchases and 1.87-2.62 points on all other purchases, for every $1 you spend.
  • $95
    Chase Sapphire Preferred CardChase Sapphire Preferred® Card
  • 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • 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.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • $95
    Blue Cash Everyday Card from American ExpressBlue Cash Everyday® Card from American Express
  • $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
  • 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
  • New! 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
  • 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%.
  • $0
    (fees)
    Blue Cash Preferred Card from American ExpressBlue Cash Preferred® Card from American Express
  • $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • $95
    (fees)
    American Airlines AAdvantage MileUp CardAmerican Airlines AAdvantage MileUp℠ Card
  • 10,000 American Airlines AAdvantage® bonus miles and receive a $50 statement credit after making $500 in purchases within the first 3 months of account opening
  • 1 AAdvantage® mile for every $1 spent on other purchases
  • $0

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