It is necessary to know the Top 5 credit cards with welcome bonuses and no annual fee. One wonderful thing about credit cards is their welcome bonuses. These bonuses can be useful for a whole lot of purposes.
While a lot of these cards have welcome bonuses, a majority of them have annual fees. This means that at the end of the year, you may be paying a high chunk of these welcome bonuses on the annual fees. This article will outline the best of these credit cards having welcome bonuses and annual fees at the same time.
Top 5 Welcome Bonus No Annual Fee Credit Cards
If you have a good credit score, you are on your way to getting the best benefits from these credit cards. There are credit cards with better welcome bonuses than the ones listed in this article but we wanted to incorporate the no annual fee feature in our list also. Let’s get right into it.
What Is A Welcome Bonus Credit Card?
A welcome bonus credit card is a credit card that offers you a bonus for getting and signing up on a credit card. The issuers of such credit cards offer a sign up bonus to entice the public to apply for the credit card and to start using it regularly.
Most times, the concept of sign up bonus is not completely true for credit cards because you may need to spend a minimum amount of money before getting the bonus. For this reason, some cardholders use the term bonus offers or new cardholders offers.
Top 5 Credit Cards That Give Welcome Bonus and No Annual Fee
Later in this article, the credit cards with the best welcome bonuses will be listed. For now, these are the top 5 credit cards with welcome bonuses and no annual fees;
Marriott Bonvoy Bold Card
This card gives a very huge bonus of $1000 within the first three months of opening the account. With this card, you will also get bonus categories when you earn more than the standard 1 to 14 times total points for every $1 spent at 7000+ hotels that participate in Marriot Bonvoy and 2 times points on other travel purchases.
There is no annual fee for this credit card. It is very rare to see a travel card that does not offer a promotional annual fee that gets increased in the second year.
Hilton Honors American Express Card
This card is mostly used by people who stay at the Hiltons properties. With this credit card, you can get 80,000 Hilton Honors bonus points after you have spent $1000 on purchases. The Hilton card does not have an annual fee and it gives you a complimentary Hilton Honors Silver Status.
If you spend $20,000 on eligible purchases with this card within one calendar year, you will get a Hilton Honors Gold status through the end of the following year.
You can earn 7 times Hilton bonus points for each dollar that you spend on eligible purchases charged directly with a hotel or resort in the Hilton Portfolio. You can also earn 5 times Hilton Honors bonus points for each dollar of eligible purchases in the United States.
Restaurants, U.S. supermarkets, and U.S. gas stations. The Hilton Honors credit card will give you 3 times bonus points for all eligible purchases that you make with your card.
U.S. Bank Altitude Go Visa Signature Card
This card has a welcome bonus of 20,000 points which is worth $200 if you spend $1000 in the first 90 days after getting the card.
This card will also give you 4X points on dining, takeout, and restaurant delivery; 2X points at grocery stores, grocery delivery, streaming services, gas stations, and EV charging stations; and 1X on all other eligible purchases. Finally, it grants a $15 credit for annual streaming service purchases (Netflix, Apple TV+, Spotify, etc.).
Chase Freedom Flex
The Chase Freedom card is a very popular card. It offers $200 when you make a purchase of $500 in the first 3 months. If you can earn 1% on all other purchases on top of a generous cash back schedule
Also, with the Chase card, you will get 5% cash back on $1,500 in purchases in bonus categories every 3 months and 5% on Chase travel purchased through Ultimate Rewards, 3% on dining and drugstores. All these benefits are available at 0 annual fees.
Capital One Quicksilver Cash Rewards Credit Card
This card is a $500 Credit Card Bonus with No Annual Fee. The Capital One Quick Silver Card is a card that has a cash back reward of $200 after you spend $500 on a purchase 3 months from the day that you purchased this card.
It is definitely a card to keep using after you take your bonus because of its exciting features.
This card gives 1% Cashback on every single purchase that you make. It has not limited to this. It is very good for a daily user and there are no rotating categories to remember to activate. The Capital One Quicksilver Cash Rewards Credit Card has no annual fee.
Best Welcome Bonus Credit Cards
As promised at the beginning of this article, this part of the article will talk about the credit cards with the highest signup bonuses and cash backs.
Chase Freedom Flex℠
This card offered the best cash back and welcome bonus in these recent times. Here are the features of this card
- 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate.
- 5% cash back on travel booked through the Chase Ultimate Rewards®
- 3% on drugstore purchases and on dining
- 1% cash back on all other purchases
- $200 cash back after you spend $500
Visit the official website of this card to apply, oc.brcclx.com
Chase Sapphire Preferred Card
In the first 3 months of using this card, you will earn 60,000 bonus points after you spend $4000 on purchases in the first 3 months from account opening. The features of these cards are
- $50 annual Ultimate Rewards Hotel Credit
- 5X points on travel purchased through Chase Ultimate Rewards®,
- 3X points on dining
- 2X points on all other travel purchases
- 1X points on all other purchases
- Annual fee of $95
- An APR of 17.49% – 24.49% variable on purchases and balance transfers
- A balance transfer fee of Either $5 or 5% of the amount of each transfer, whichever is greater
Visit the official website below to apply for this card
The Platinum Card from American Express
Although it has a very high annual fee, its features can help you gain a lot from your purchases. It is the best credit card for premium perks. Here are its features below
- 5X Membership Rewards® Points for flights booked directly with airlines or with American Express
- 5X Membership Rewards® points on prepaid hotels booked with American Express
- $200 cash back after you spend $500 on purchases in the first 3 months from where you opened an account.
- An APR of 16.49% – 25.24% variable
- An Intro fee of either $5 or 3% of the amount of each transfer
- foreign transaction fee of 3%
Visit the American Express website to know more about this card
How to Get A Credit Card Sign Up Bonus
A lot of credit cards have to sign up for bonuses. All new cardholders or owners can get sign up bonuses like cash back points and miles when they use their cards. To get this bonus, make sure you sign up on the card’s website and meet a minimum spending requirement from the card. You have to be careful not to violate any terms or conditions given by the card issuer.
Frequently Asked Questions
Who’s Eligible For A Welcome Bonus?
There are no general eligibility criteria for getting s welcome bonus for a credit card. These terms and conditions are specific to the particular type of card. That is why it is very important to have a thorough study of each card to know what the eligibility criteria are. Most eligibility criteria are based on your ownership of the card and the ability to meet the minimum purchase requirement.
When’s the best time to apply for a credit card sign-up bonus offer?
While it’s a great time to apply for many of the offers on card benefits, some cards change their offers frequently and sometimes offer elevated limited-time offers. It’s worth researching the history of a bonus on a particular card before you apply for it.
When is it time to get a new credit card?
Firstly, you have to analyze what your present credit card is doing for you. it is necessary to do this every year. Analyze all your overall financial picture and then determine if each of your current credit cards is serving your needs. Now, if your credit card does not serve you right anymore. You can discard it.
What should you know before applying for a credit card?
There are a lot of things you should know before applying for a credit card. Firstly, you must know your credit score. After which, you should know the features that you want to have in your credit card and the best options in the market having those features. Also, you need to know the applicable restrictions and the rules for s specific financial institution that issues the type of card that you want.