Posted by William Charles on November 29, 2016
Credit Cards

Published on November 29th, 2016 | by William Charles

38

Credit Card Bonuses With Low Minimum Spend Requirements (Under $500 & $1,000)

Not everybody is able to spend a huge amount on their credit card every month, some offers required spending of $10,000/$5,000 or even $3,000 in three months and that’s simply not realistic for a lot of people. You can argue that you could manufacture spend (even through simple methods as funding a new bank account), but not everybody is interested in learning that.

I still think that credit card bonuses can be valuable for people in this situation, previously I put together a list of credit cards that have no minimum spend requirements and I thought similar lists would be useful for low minimum spend requirements. I’m going to split this into two sections:

  • Minimum spend requirements that are under $500 within three months or 90 days
  • Minimum spend requirements that are under $1,000 within three months or 90 days

As always, I’m sure I’m going to miss lots of bonuses so please let me know what I did miss in the comments below. I’ve tried to put these in order in terms of what I think are the best to worse offers. I have also only included an offer if it’s the best offer available (e.g there is a $150 offer on the Blue Cash Everyday card that requires $500 in spend, but I didn’t include it as there is another offer for $250 for $1,000 in spend).

The majority of the offers are coming from Barclaycard & Bank of America, as Chase & American Express seem to favor bigger bonuses with bigger spend requirements.

$500 & Under

Nationwide

Location Restricted

$1,000 & Under

YMMV:

Business:

Cards Not Included

Our Verdict

Hopefully people find this list useful, I’ll keep it updated if readers help me out (if not, I’ll periodically completely refresh the post). Sometimes you want to grab a bonus but don’t have much spending capacity left (or don’t have much to start with) so this should help with that.

If there is interest I’ll do a list of the best current credit card sign up bonuses, much like our list of the best bank account bonuses.



38
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Ngoc
Ngoc

Does Barclay Business cards show up on personal credit reports?

ChurningForDays
ChurningForDays

There are conflicting reports, with most reporting that Barclays DOES NOT report business cards to personal reports.
https://www.doctorofcredit.com/which-business-credit-cards-report/#Barclay8217s

sirtheta
sirtheta

Why is the Chase IHG card in the not included section (given that it is included in the post :P)? By the way, the easily accessible current offer (i.e. a google search away) is $50 after first purchase + 60,000 points after $1,000 in spend.

Also, why are the titles “under $500” and “under $1000” since the offers are for spending exactly $500 and $1000?

I would mention the BOA Cash Rewards cards—even without the $200 bonuses, you can find infinite variations on the card that give $100 for $500 in spend, which is a consistent 20%+ cash back on purchases (22%+ if you have a bank account with them, 25%+ if you have $20k with them, etc.).

sirtheta
sirtheta

The Chase AARP card ($100) and Disney Premier Visa ($200 disney gift card) also have rewards for $500 spending.

sirtheta
sirtheta

Also, Citi Hilton:
40k pts / $1k spend in 4 mos
50k pts / $1k spend & $50 statement credit if you spend $50 or more on stays in Hilton portfoli w/in 6 mos
60k pts / $1k spend in 4 mos
75k pts / $2k spend in 3 mos (which is why you might not want to get the lower spend offers, although 60k / $1k is a better deal, imo, if you’ve doing a lot of minimum spend)

Alex
Alex

The link for the capital one quicksilver card is only showing 100 for 500 spend

Alan
Alan

Adding some WF cards:

Cashwise $150 / $1k

WF VS $150 / $1k + 5x gas grocery drugstore

WF Rewards $150 / $1k + 5x gas grocery drugstore 6mo

IOException
IOException

I would like to add: is it really that difficult to learn how to milk bank bonuses?

Bank bonuses have two massive benefits:
1) They don’t typically ding your credit.
2) They encourage saving instead of spending.

I think that last one is key, especially if your not making a whole lot. Not only do you build an emergency fund, but you do so significantly faster. The returns are often better than actively investing in the market, and with a low income, you aren’t penalized as much on taxes.

chasejuggler
chasejuggler

Some bank bonuses are difficult to get simply because they require so much capital. Not everybody can come up with $5000 to avoid monthly fees PNC’s $300 bonus right now.

That said, bank bonuses are crazy lucrative as long as you have at least $4000 cash available to part ways with for 3-6 months.

I get jealous every time I see some of those amazing bonuses that require $15,000+ in cash to complete. Still don’t have that kinda moola in my taxable accounts just yet. (We throw about 90% of our savings into tax advantaged accounts)

Gadget
Gadget

IO,

I sort of agree with you, and I mainly do bank bonuses. Reasons being the CC minimum spend is designed to get you to buy more than you can afford to pay back. Point rewards create pressure to spend on things you may not need or even want – a free hotel or airfare is great, but once you get there you are going to spend for other things. I am not saying it is bad to take a vacation, but it requires planning, management, and restraint to make these types of rewards actually “save” money.

But, bank account bonuses;

1. Are often time intensive – setting up ACH, DD, debits, online access, and then at least some monitoring.
2. Span over a long time, usually 6 months.
3. Require at least some liquid funds.
4. Taxable.
5. Usually have hoops to jump through to keep fee free.
6. A few cannot be done entirely online, and usually need to call to close after carefully emptying the account if not local.
7. Require people to go outside their normal finances to accommodate the new account. I think that scares many away, avoiding the hassle.

Many of us already spend a good deal of money using plastic, so there is little change with a new CC other than making the payment to a different address. Normal credit card rewards (1-5%) seemingly take forever to get to those reward dollar amounts, unless you have a large cash flow of spending. Credit inquires are only a small portion of your credit score, and new accounts have a medium impact, but can actually help your score over time.

Thanks to resources like this we can be informed of our options and can get the best deal that suites your personal finances.

Tan T.
Tan T.

US Bank Cash+ Visa Signature $100 bonus for $500 in first 3 months. Online application for those who already have relationship with US Bank.

Gadget
Gadget

Same offer for U.S. Bank Cash 365™ American Express® Card, $100 bonus for $500 in first 3 months. Cash+ is slightly better offer, with an additional $25 reward for 1st $100 redemption, unless that has been removed.

Sa
Sa

BofA AAA 100/250. Comes at 40%. not bad.

Steve
Steve
Justincase
Justincase

I’d like to add:
Schwab Investor Card Amex
$100 for $1000 spend, may need to have a Schwab Account to redeem though.

anthonyjh21
anthonyjh21

Ally cash back credit card too. Spend $500 get $100. Certainly not advocating that anyone get it but it’s still an option. I think they give you 10% bonus when deposited into an Ally bank account, which I’m sure many here have.

leifinseoul
leifinseoul

Definitely find it useful. Thanks for putting this together, and think it will make a nice addition to the resource pages.

Curmudgeon
Curmudgeon

Barclay’s NFL Extra Points card has $100 bonus with $500 spend. No annual fee.

https://home.barclaycardus.com/cards/nfl-extra-points-credit-card.html

Curmudgeon
Curmudgeon

Barclay’s has multiple small spending cards.

Carnival Fun Points card gets $100 towards a cruise upon first purchase, no actual minimum spend.
https://home.barclaycardus.com/cards/carnival-world-mastercard.html

Priceline Rewards card gets $50 statement credit after first purchase, no actual minimum spend. No annual fee.
https://home.barclaycardus.com/cards/priceline-rewards-visa-card.html

Cashforward card gets $100 after spending $500
https://home.barclaycardus.com/cards/barclaycard-cashforward.html

Holland America card gets $50 on-board credit after first purchase.
https://home.barclaycardus.com/cards/holland-america-line-rewards-visa-card.html

Upromise card gets $50 cash back after first use within 90 days.
https://home.barclaycardus.com/cards/upromise-world-mastercard.html

Miles & More card gets 35,000 miles after $1000 spend. $89 annual fee.
https://home.barclaycardus.com/cards/lufthansa-miles-more-world-elite-mastercard.html

Diamond Resorts International card gets 2500 points after first purchase. Not sure of value, perhaps you get a free partial coconut shell.
https://home.barclaycardus.com/cards/diamond-resorts-international-mastercard.html

Princess Cruises card. Get 5000 points after first use, probably only good towards cruise expenses. No annual fee
https://home.barclaycardus.com/cards/princess-cruises-rewards-visa-card.html

Jason
Jason

Is there an update version of this?

Yet Another Redditor

Can this be added to the list?

Barclaycard AAdvantage Aviator Red World Elite MasterCard which has a signup bonus of 60,000 AAdvantage miles after you make your first purchase in the first 90 days and pay the $95 annual fee

Dave S
Dave S

Card: HSBC Platinum Mastercard with Rewards
Bonus: 15,000 Rewards Program Bonus Points after you spend $500 in the first 3 months
Reward: 1X Rewards Program Point for every dollar spent

https://www.us.hsbc.com/credit-cards/products/platinum-rewards/

Please add this to this thread.

https://www.doctorofcredit.com/hsbc-cash-rewards-mastercard-review-150-cash-sign-bonus-2-2-cash-back-purchases-first-six-months/

This caveat might be helpful too.

https://www.doctorofcredit.com/persistence-memory-hsbc-travails-lesson-learned/

Back to Top ↑