What is the Best Credit Card Offer for Bonus Cash Back? | CreditShout

What is the Best Credit Card Offer for Bonus Cash Back?

By Kevin / November 2, 2010

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Q: I’ve been hearing so much about cash back bonuses with certain credit cards. It’s hard to figure out which is the best! Which credit card can I get the most cash back with?

A: The best credit card offer for bonus cash back (that is, getting cash back the very first time you use your credit card) is the Chase Freedom® Visa. There are two bonus cash back cards you can apply for.

The first one is the Chase Freedom® Visa card that offers $50 bonus cash back. With this one, you’ll receive a $50 statement credit once you’ve used your card for the very first time. In other words, you don’t have to make a certain purchase for a certain amount in order to be eligible. Rather, you can make balance transfers, buy stuff, or use a convenience check (make it payable to yourself) to withdraw cash from your credit card account. All of these count towards the $50 bonus cash back offer.

The second card is the Chase Freedom® Visa that offers $100 bonus cash back. When you’ve spent $799 within three months after activating your card, you’ll earn your $100. Balance transfer, purchases, and convenience checks all count toward reaching the amount of $799.

There is one major difference between these two Chase Freedom® Visa cards. With the $100 one, you do not get the 0% introductory APR (annual percentage rate) that is available for a specific time on the $50 Chase Freedom® Visa card. Your APR on the $100 Chase Freedom® Visa will be a variable rate, between 12.99% and 22.99%.

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