Credit card companies are constantly trying to get new customers, and one of the most common ways they try to entice you is through intro bonus offers. We recently highlighted the most lucrative bonuses on the market right now. While getting a $440 statement credit or $900 worth of flights is amazing, most of these huge offers have annual fees attached and require spending at least $3,000 in the first 3 months.
Luckily, there are credit cards that have no annual fees, a more modest $500 spend in the first 3 months and still offer a big intro bonus. Our top-ranked offer doesn’t even require you to have great credit. Here are our current favorite rewards credit cards with no annual fees, low spend thresholds and big intro bonuses:
Best Overall Intro Bonus: Chase Freedom
The Chase Freedom card offers $150 cash back after spending just $500 with your card in the first 3 months. The card also features a 15-month 0% introductory APR for purchases and balance transfers. The Chase Freedom card gives you 5% cash back within certain categories on a quarterly basis (right now it’s holiday shopping focused with 5% back at Amazon.com, Zappos.com and at Audible.com), and 1% cash back on every other purchase, which is great because it also doesn’t have a limit on cash back rewards. If you think you might need to carry a balance on your credit card but still want stellar cash back rewards, this is the card for you. And unlike most other cards with great intro bonuses, you don’t need perfect credit to be approved for Chase Freedom. People with good credit (typically around a 700 credit score but as low as the mid to high 600s) have a chance to be approved for this card, too.
Best Travel Intro Bonus: Barclaycard Arrival World Mastercard
Barclay Arrival World Mastercard offers 20,000 bonus miles after spending $1,000 in the first 90 days, equivalent to $200 to spend on any kind of travel. You’ll also earn 2 miles per dollar spent on travel and dining, and 1 mile per dollar on everything else. Just book your travel using your card and then redeem your miles for a statement credit. If you use your miles to pay for travel, you’ll get 10% of your miles back. As if that weren’t enough, there are also no foreign transaction fees.
The BankAmericard Travel Rewards is another great card for travel intro bonuses. Users earn a 20,000 point online-exclusive bonus after spending $1,000 in purchases in the first 90 days, which can be $200 off your next travel purchase. It offers 1.5 points for every $1 you spend on any purchases and let’s you redeem your points towards a statement credit for all or a portion of your travel purchases. Also, Bank of America customers automatically get a 10% annual bonus on their total yearly purchases. And with no foreign transaction fees and smart chip technology, this credit card is the perfect no annual fee card for your travel needs.
Other Cash Back Intro Bonuses: BankAmericard Cash Rewards
The BankAmericard Cash Rewards lets cardholders earn $100 bonus after making $500 in purchases within the first 90 days. With 3% cash back on gas, 2% cash back at grocery stores and 1% cash back on all other purchases, this credit card is a great cash back card that also lets cardholders save money with a 0% introductory APR for the first year. Plus, the BankAmericard Cash Rewards card offers Bank of America customers a 10% cash reward bonus when they redeem their cash back rewards directly into their Bank of America checking or savings account.
The Capital One Quicksilver offers a $100 bonus when you spend $500 in the first 3 months and a lengthy 0% intro APR on purchases and balance transfers. Also, if you don’t like having to do your grocery shopping with one credit card and paying for your gas with another just to take advantage of the highest cash back rewards, Capital One Quicksilver is the card for you. It gives you a fixed 1.5% cash back on all your purchases with no limits. Plus, there are no foreign transaction fees, so you’ll save money traveling internationally.
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