Best Cash back Bonuses 2023
"Other Bonuses that pay"
Solo |
Strike |
10 |
5 |
Sign Up Bonus |
Sign Up Bonus |
Sign Up |
Sign Up & Use Code: LVIU3J |
Link Driver Account (Doordash, Instacart, Uber, etc.) |
Deposit at least 1 PENNY. |
Receive $10 Bonus on Tuesday (Make sure to go to your wallet and link your PayPal so you can get paid) |
Receive Bonus within Minutes |
What is a Cash Back Sign-Up Bonus?
A cash back sign-up bonus is a promotional offer provided by credit card issuers to encourage new customers to apply for and use their credit cards. It is a one-time bonus awarded to the cardholder after meeting specific requirements following the opening of a new credit card account.
How Does a Cash Back Sign-Up Bonus Work
- Application and Approval:
The process begins when the user applies for a credit card with a cash back program and is approved by the issuer. During the application, the terms and conditions, including the sign-up bonus details, are clearly disclosed. - Spending Requirement:
To qualify for the cash back bonus, the cardholder must usually spend a set amount on eligible purchases within a specific time period. For example, a typical requirement might be to spend $1,000 within the first three months of account opening. - Bonus Award:
Once the spending requirement is fulfilled, the cash back bonus is awarded. The bonus is typically calculated as a percentage of the total eligible purchases made during the promotional period. For instance, if the bonus is $200 and the cardholder spends $1,000, they would receive the $200 bonus. - Redemption:
The awarded cash back bonus is usually credited to the cardholder’s account either as a statement credit or cash deposit. Depending on the issuer's policies, the bonus may be used to offset future purchases or can be redeemed for cash.
Key Considerations
It’s important to review the terms and conditions of the cash back sign-up bonus offer to fully understand the requirements, such as:
- Minimum spending requirements
- Time limits to meet the conditions
- Restrictions on eligible purchases