Best Credit Cards for Earning Bonus Cash with Minimum Required Spending

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 Card		Bonus and Rewards	Annual Fee
	Chase Freedom Unlimited®	A $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Unlimited 1.5% cash back on all other purchases. 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.	$0
	Chase Freedom Flex℠	A $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% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases.	$0
	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	$0
	Capital One SavorOne Cash Rewards Credit Card	A one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening Unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023	$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 Card		Bonus and Rewards	Annual Fee
	Bank 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	$0
	Bank 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	$0
	U.S. Bank Altitude Go Visa Signature Card	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 takeout, food delivery and dining	$0
	Bank 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 you spend on travel and dining purchases. Plus, earn 2 points for every $1 spent on grocery store purchases - now through 12/31/21 1.5 points for every $1 you spend on all other purchases. No limit to the points you can earn and your points don't expire	$95
	Chase Sapphire Preferred® Card	Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 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, 100,000 points are worth $1,250 toward travel. 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.	$95
	Blue Cash Everyday® Card from American Express	20% back on Amazon.com purchases on the Card in the first 6 months of Card membership, up to $150 back. Plus, earn $100 back after you spend $2,000 in purchases on your new Card within the first 6 months of card membership. You will receive cash back in the form of statement credits. 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). 2% Cash Back at U.S. gas stations and at select U.S. department stores. 1% Cash Back on other purchases.	$0 (fees)
	Blue Cash Preferred® Card from American Express	20% back on Amazon.com purchases on the Card within the first 6 months of Card Membership, up to $200 back. Plus, earn $150 back after you spend $3,000 in purchases on the Card within the first 6 months of Card Membership. You will receive cash back in the form of statement credits. 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.	$0 introductory annual fee for the first year, then $95. (fees)