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January 6, 2025: Our amazing readers tipped us off to even more >$500 cash back bonuses, so we’ve updated the list to include those. HT Jeffrey and Dave.
These new cardmember offers can give you the most cash back rewards (or points that can be easily redeemed for cash back.) On this list, we include cards we found that offer a $500 or greater bonus once you subtract the card’s annual fee.
Best $500+ cash back new cardmember bonuses in January 2024
Here are the sign-up bonuses and welcome offers where you can earn $500 or more:
 Ink Business Preferred® Credit Card Annual fee: annual_fees | Sign-up bonus: bonus_miles_full Learn how to apply. Offers great rewards on travel. Points can be redeemed for 1 cent each for cash back or used for higher-value travel redemptions through Chase Travel℠ or transfer partners. |
 Ink Business Premier® Credit Card Annual fee: annual_fees | Sign-up bonus: bonus_miles_full Learn how to apply. Offers a great option for small business owners who want 2% cash back on every purchase and a robust set of consumer and travel benefits. Points can be redeemed for cash back. |
 Ink Business Cash® Credit Card Annual fee: annual_fees | Sign-up bonus: bonus_miles_full Learn how to apply. An excellent card for small business owners who buy office supplies or internet/cable/phone service. |
 Ink Business Unlimited® Credit Card Annual fee: annual_fees | Sign-up bonus: bonus_miles_full Learn how to apply. A great option for small business owners who want cash back rewards on purchases with no annual fee. |
 Business Leverage® Visa Signature® Card Annual fee: $0 intro annual fee for the first year, $95 thereafter. | Sign-up bonus: Earn up to $750 in rewards when you spend $7,500 in eligible purchases on the account owner's card within the first 120 days of opening your account. Learn how to apply. Given that other cards offer 2x or 2% rewards on every purchase with, the card isn’t terribly compelling to keep after the first year. To get maximum cash back value for your points, you must redeem them for a direct deposit into an eligible U.S. Bank account. All information about the U.S. Bank Business Leverage® Visa Signature® Card has been collected independently by cardsandpoints.com. |
 U.S. Bank Triple Cash Rewards Visa® Business Card Annual fee: $0 | Sign-up bonus: Earn $750 in cash back. Just spend $6,000 on the Account Owner's card in the first 180 days of opening your account. Learn how to apply. An option for small business owners with 3% rewards at restaurants. All information about the U.S. Bank Triple Cash Rewards Visa® Business Card has been collected independently by cardsandpoints.com. |
 Capital One Spark Cash Annual fee: annual_fees | Sign-up bonus: bonus_miles_full Learn how to apply. Offers unlimited 2% cash back rewards for your small business. |
 Chase Sapphire Preferred® Card Annual fee: annual_fees | Sign-up bonus: bonus_miles_full Learn how to apply. The Sapphire Preferred frequently offers a larger in-branch exclusive offer. See our coverage of the best Chase Sapphire Preferred bonus for updated information on that offer. A good travel credit card that offers Ultimate Rewards® points, which can be redeemed for 1 cent of cash back each or transferred to travel partners. |
 Bank of America® Premium Rewards® credit card Annual fee: annual_fees | Sign-up bonus: bonus_miles_full Learn how to apply. An excellent card for everyday spending, travel, and dining rewards if you have at least Platinum status with Bank of America Preferred Rewards. Points can be redeemed for 1 cent of cash back each. |
 Citi Strata Premier℠ Card Annual fee: annual_fees | Sign-up bonus: bonus_miles_full Learn how to apply. Earns increased rewards in a number of useful travel categories, plus grocery and gas purchases. ThankYou Points® can be redeemed for 1 cent of cash back each or transferred to travel partners. |
 Capital One Spark Cash Select Annual fee: annual_fees | Sign-up bonus: bonus_miles_full Learn how to apply. Earns 1.5% cash back on every business purchase. |
 Signify Business Cash℠ Card Annual fee: $0 | Sign-up bonus: Earn a $500 cash rewards bonus when you spend $5,000 in purchases for your business in the first 3 months. Learn how to apply. A card offering uncapped 2% rewards on business spending with no annual fee. All information about the Signify Business Cash℠ Card has been collected independently by cardsandpoints.com. |
Editor’s take: Several cards with $500+ bonuses flying under the radar
When we put together this list, we were surprised at how we found several cards that we didn’t see on other large sites. In particular the Signify Business Cash℠ Card, U.S. Bank Triple Cash Rewards Visa® Business Card, and Capital One Spark cash cards seemed to be missing from other lists published elsewhere.
Maybe this is unsurprising, since those banks either have no affiliate programs or have less-accessible affiliate programs. But it is our editorial policy to publish the best offers we know about, regardless of our affiliate relationships.
There’s plenty of reason to like many of the cards on this list. The Chase cards are great if you’re into the Ultimate Rewards® ecosystem—they offer plenty of ways to get additional value if you redeem for travel. Same with the Capital One cards. If you also hold a card that earns points, you can transfer you cash back rewards to your points-earning card, and then transfer your rewards to one of Capital One’s transfer partners. And the Bank of America card is an essential card if you’ve earned Platinum Honors or higher status with Bank of America’s Preferred Rewards program.
Bottom line: Lots of opportunities to earn a huge cash back bonus
The cards on this list represent your best bet if you’re looking for a card with a large (>$500) new cardmember bonus. And with many small business cards on this list, you can earn plenty of extra points without having additional accounts showing up on your credit report.
Advertiser disclosure: Cards and Points has partnered with CardRatings for our coverage of credit card products. Cards and Points and CardRatings may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers. Compensation may affect how and where card products appear on the site. The site does not include all card companies or all available offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Terms apply to all credit card benefits.
