The best $100 dollar cash back credit cards are the ones that require a small threshold to be met over a generous period of time.
San Diego, Calif. (PRWEB) March 27, 2013
One of the best ways for credit card companies to attract new customers is to entice consumers with a $100 cash back offer after a particular spending threshold has been met. While each credit card signup bonus varies, the best $100 dollar cash back credit cards are the ones that require a small threshold to be met over a generous period of time.
This according to Creditnet.com, a prominent credit card comparison website that today released its list of the best cash back credit cards that offer a $100 cash back bonus.
"There's really no downside to these cash back cards," said Jason Bushey, Vice President of Operations at Creditnet.com. "Consumers are essentially given a free $100 when they qualify, and card issuers receive a new customer that's eager to use their new credit card right away."
In crafting its list of the best cash back cards that offer $100 bonuses, Creditnet took into account the spending threshold to earn the $100 bonus, the amount of time a consumer was given to meet said spending threshold, and other introductory and long-term perks including 0% APR periods, cash back programs and the redeeming flexibility of the $100 cash back bonus.
Here is Creditnet's list of the best cash back cards that offer a $100 cash back bonus:
1.) Chase Freedom®
According to Creditnet, Chase Freedom® tops the list not only for its $100 bonus cash back offer, but also for its extensive introductory period and lucrative rewards program.
Cardholders can earn $100 Bonus Cash Back after making $500 in purchases in the first three months from account opening. Plus, there's a 0% intro APR for 15 months on new purchases and balance transfers, and a cash back program that includes 5% cash back on up to $1,500 in purchases made on rotating categories that change each quarter when a customer enrolls.
There's no annual fee on this card, and cardholders can earn an unlimited 1% cash back on all other purchases. Overall, this is Creditnet.com's top-ranked cash back credit card with a $100 cash back bonus.
Another excellent credit card that offers a $100 bonus is this cash back card from Citi®. Cardholders receive $100 cash back after $500 in purchases within the first 3 months of account opening.
This card also includes a 5% cash back enrollment plan, with rotating categories that change each quarter, and cardholders can earn a full 1% cash back on all other purchases.
There's no annual fee, and the 12-month 0% APR introductory period applies to new purchases and balance transfers.
One of the most popular cash back cards on the market today is the Capital One® Cash Rewards - $100 Cash Back Bonus. Cardholders receive a $100 bonus after spending $500 on purchases within the first 3 months.
From there, the cash back program is simple: 1% cash back on all purchases, and a 50% bonus on the cash back earned every year. There's no annual fee, and the 0% introductory period applies to both new purchases and balance transfers.
Creditnet recommends the above cash back cards not just for their signup bonuses, but also for their lack of annual fees and the extensive 0% intro periods offered to new cardholders.
Since 1995, Creditnet.com has been an online authority for credit information, credit card comparisons and consumer credit advice. Creditnet hosts the web's oldest credit discussion blog - Credit Talk - and Creditnet is a HUB for credit news, weekly credit tips and credit card reviews.