Posted on August - 24 - 2010
Cash Back Credit Card Promotions
After treating customers horribly for the past two years, credit card companies are desperately trying to lure in new customers. One tried and true approach is to offer free money in the form of cash back credit card offers. The other method is offering excellent 0% APR balance transfer deals that can last up to 18 months. While most people with credit card debt can benefit significantly from a 0% APR balance transfer, those who have minimal credit card debt and want to cash in should look no further than these lucrative cash back credit card offers. Here’s a list of the most lucrative:
1.) The Chase Freedom® Visa – $100 Bonus Cash Back offers, well, $100 cash back. This is the most generous cash back deal on the market today, but there is a catch. In order to get the $100 cash back reward, you must make $799 in purchases during the first three months you are a card member. This won’t be hard for most people, but don’t run up debt just to get $100 cash back.
Apart from the $100 bonus, this cash back credit card also offers 1% cash back on most purchases and 5% cash back in categories that change every quarter. However, if you’re looking for a balance transfer credit card, this isn’t a great option, as this particular card does not have a 0% introductory rate on balance transfers or purchases.
2.) The Discover® More® Card – $75 Cashback Bonus® offers a $75 cash back bonus – pretty close to the Chase Freedom Visa offer – and requires new cardholders to spend $500 within three months to cash in on the cash back. While slightly less generous, this card does provide a 0% APR on balance transfers for 12 months as well as a 0% APR on purchases for 6 months, making this a better deal for those who want a cash back credit card and have a balance to transfer.
The Discover cash back rewards system is similar to that of Chase. Cardmembers earn up to 1% cash back on all purchases and 5% in categories that change every three months.
3.) The Chase Freedom® Visa – $50 Bonus Cash Back Offer offers half the cash back of the $100 offer, but, like the Discover offer, provides a 0% APR on balance transfers for 12 months and a 0% APR on purchases for 6 months. Also, unlike the other two offers, you only need to make a single purchase to get the cash back bonus. Also, like the Chase Freedom $100 offer, this card offers a full 1% cash back on all purchases and 5% cash back on purchases in categories that change every three months.
4.) While not technically a cash back credit card, the Citi Diamond Preffered Rewards Card is also offering the equivalent of a $50 cash back signup bonus: you get 6,000 points, which can be redeemed for a $50 giftcard after you make $300 in purchases. While I’m not a huge fan of Citi’s Thank You Rewards program, I am currently using this card because it offers 5 Thank You Reward Points for every purchase you make at gas, grocery, and drug stores for 1 year. This is really a fantastic reward deal and a family of 4 could easily rack up $50 a month ($600 a year) by using this card on gas and groceries.
For additional information on these offers, please see the Citibank, Chase or Discover credit card sections of Smart Balance Transfers. Because offers change frequently, carefully examine the terms and conditions of these offers before you apply online.
Similar Posts:
- New Chase Freedom® Visa – $50 Bonus Cash Back Offer
- Chase Freedom Credit Card Offers $100 Sign Up Bonus
- Chase Freedom Card $150 Cash Back Signup Bonus
- The Top 10 Balance Transfer Credit Cards of 2011
- Best 0% APR Credit Card Offers – April 2011
