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 UnlimitedChase 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 FlexChase 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 CardCapital 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 CardCapital 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 CardBonus and RewardsAnnual Fee
    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
  • $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
  • $0
    U.S. Bank Altitude Go Visa Signature CardU.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 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 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 CardChase 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 ExpressBlue 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 ExpressBlue 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)

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