22 Best Sign Up Bonuses July 2020
Sign up bonuses are all the rage with a range of different ones up for grabs.
From signing up for a new credit card or rewards card to new cashback programs or cash-back cards, taking advantage of sign up bonuses has never been easier.
What Is A Sign Up Bonus?
A sign up bonus is essentially like free money in your pocket. That’s right – legitimate companies will pay you to use their services by rewarding you with excellent sign up bonuses.
Typically, there will be some requirements you’ll need to meet, such as being new to the service or spending a certain amount within a few months of account opening (if you’re signing up for a new credit card, for example). But if you play smart, you can seriously score some fantastic deals.
Sign up bonuses are an excellent marketing tool. While companies increase the number of customers that sign up for their services, you get to enjoy free cash back or other perks for making use of the service. This makes sign up bonuses a win-win situation for both customers and companies alike.
Here’s a list of the best sign-up bonuses. Some are offered by banks and credit card providers, while others are offered by stock brokerage apps and rewards sites.
I hope that this comprehensive list will help you pick a few to take advantage of right now.
22 Best Sign Up Bonuses for July 2020
- Chase Bank Total Checking – $200
- Chase Premier Plus Checking – $300
- CIT Bank Savings Builder – up to $300
- Webull – free stock up to $1,400
- Robinhood – free stock up to $200
- Ally Invest – up to $3,500
- Stash – $5 bonus
- TopCashBack – $15 bonus
- InboxDollars – $5 bonus
- MyPoints – $10 amazon gift card
- Rakuten – $10 Walmart gift card
- Ibotta – $20 bonus
- Southwest Rapid Rewards Plus – 40,000 points
- Chase Sapphire Preferred – 60,000 bonus points
- Chase Freedom Unlimited – $250 cashback
- TD Cash Credit Card – $150 cashback
- HoneyGain – $5 bonus
- Arcadia Power – $20 gift card
- Netspend – $20 bonus
- Capital One 360 Performance Savings – up to $500
- Verde Energy – $150 in prepaid cards
- Lyft – up to $1,000
Bank Sign Up Bonuses
Banks offer some of the most lucrative sign up bonuses around. Let’s take a look at some of the best sign up bonuses offered by banks.
Chase Bank Total Checking – $200 bonus
Chase Bank has a promotion on their total checking accounts that can see you a $200 bonus.
All you need to do to take advantage of this offer is to open a Total Checking account then make a direct deposit within 60 days from the day you opened the account. There is no minimum amount as far as the direct deposit account, but you will need to wait six months before receiving the $200 bonus.
There may be a monthly service fee unless certain amounts are met. To avoid the monthly service charge, you should either make a direct deposit of $500, have a balance of $1,500 at the beginning of each day, or an average of $5,000 or more on the total checking account and applicable deposits and investments.
Chase Premier Plus Checking – $300 bonus
Chase Premier Plus is a premium checking account with a few features that go over and above what you’ll get with a Chase Total Checking account. At the moment, when opening a Premier Plus account, you can get a $300 bonus in 3 easy and simple steps.
To get started, head to Chase’s website and open a Chase Premier Plus Checking account. You will need to have your SSN (Social Security Number), and driver’s license or state ID, so do make sure you have them handy. Once your account is approved, you can go ahead and make your first direct deposit. There are a few restrictions around this that you need to be aware of. A qualifying direct deposit must be one of the following:
- Electronic paycheck deposit
- Pension deposit
- Government benefits
Other deposits, such as person to person payments, do not qualify. The deposit also needs to be done within 90 days of opening your Premier Plus account. Once this is done, you can expect to receive your bonus within ten business days.
CIT Bank Savings Builder – up to $300
CIT Banks’ Saving Builder can help you save more money with an APY of 0.95% when meeting certain conditions. To help you get started on the right foot, the bank is also offering a $300 cash bonus for opening a Savings Builder account and depositing money into it within 15 days.
The minimum qualifying deposit for this offer is $25,000. Deposit anything from $25,000 to $49,999, and you’ll get a $150 bonus. Anything over $49,999 will get you the full $300 bonus amount.
You’ll need to maintain this balance for at least three months before the bonus cash makes its way to you – but you’ll also earn interest on the amount for an even higher return on your saved amount.
There are no account opening fees and no maintenance fees either. Interest is compounded daily to help you increase the earning potential from holding this type of account.
Stock Brokerage Sign Up Bonuses
Today, you can find many different apps offering commission-free trading with extra perks to make investing accessible and fun. These apps are also offering some nice sign up bonuses to welcome you to the world of investing.
Webull – free stock worth up to $1,400
Webull is a relatively new trading app that offers commission-free trading. It is fully regulated by the FINRA and insured by the SPIC. This makes Webull a safe app to invest on. If you’re looking at building your portfolio here, there’s a welcome bonus that can see you get a free stock worth up to $1,000.
As you can imagine, you’re more likely to get a lower-priced stock than a higher-priced one. In fact, there’s a 1:1.02 chance that you’ll get a stock worth anywhere between $5.00 and $10.00. The likelihood the share is worth between $300 and $1,000 is 1:10,000. The good news is that the value of the free share can go up!
To get another free stock worth anywhere between $12 and $1,400, just make a deposit of $100 within 30 days of your account being approved.
This means you can get as much as $2,400 worth of free stock.
Robinhood – free stock worth up to $200
Robinhood offers commission-free investing in stocks, funds, options, and crypto. There is no minimum investment amount, and you can even buy fractional shares to achieve a better portfolio balance without breaking the bank.
At the moment, Robinhood is running a special promotion where you can get a free stock worth up to $200 as a welcome bonus. The stock (and as such, its value) will be chosen at random. In most cases, the free bonus stock will be worth between $2.50 and $10.00. The good news here is that the value of the stock can go up.
To make the most out of the promotion, you can also invite friends to Robinhood. This will make you eligible for up to $500 worth of free stock every calendar year. Free stocks under this promotion need to be claimed within 60 days.
Any free stocks received will be reported as Other Income in the 1099-Misc form. Should you sell the stock for a profit, the difference will be reported as Capital Gain. If you make a loss, this will be reported under Capital Losses.
Ally Invest – up to $3,500
Ally Invest helps people of varying experience invest their money in a range of financial instruments. They are currently offering a bonus of up to $3,500 when opening an account with them and making a qualifying deposit. The bonus amount you will get depends on the amount you deposit. This is set as follows;
- $50 bonus: Deposit between $10,000 and $24,999
- $200 bonus: Deposit between $25,000 and $99,999
- $300 bonus: Deposit between $100,000 and $249,999
- $600 bonus: Deposit between $250,000 and $499,999
- $1,200 bonus: Deposit between $500,000 and $999,999
- $2,500 bonus: Deposit between $1,000,000 and $1,999,999
- $3,500 bonus: Deposit $2,000,000 or more
After 60 days of the account being opened, Ally Invest will review your account to determine the bonus amount. You can expect to receive the bonus within ten business days of the account review.
Stash – $5 sign up bonus
With Stash, you can start building your investment portfolio. The app has quite a few features worth checking out. Better still, there’s also a sign up promotion that can see you get $5 for free just for signing up and depositing $5.
With Stash, $5.00 can go a long way when investing in fractional shares where you can buy a fraction of big-name company stock. There are thousands of stocks and funds to choose from. Stash does not charge add-on trading commissions, which means that your money will go ways longer than when investing with some of the other apps.
If you’re new to investing, Stash also offers advice and free education guides to help you take better care of your finances. You can also make use of their online banking functionality to get your paycheck up to two days earlier. This can help you to manage your money better and plan accordingly.
Stash accounts come in different plans with the most basic one starting at $1.00 per month. Do keep in mind that the more basic accounts may have fewer features.
Rewards Sites Sign Up Bonuses
Reward websites are an easy and fun way to earn some cash on the side. From effortless cash backs to getting paid for completing tasks online, rewards websites offer you different ways to make money without breaking a sweat.
TopCashback – $15 cash bonus
TopCashback is a free cashback rewards program. There’s a website and a mobile app so you can get cashback whichever way you like to shop. There are thousands of retailers to choose from, and it’s completely free to join.
If you join now, you can also get a sign up bonus of $15. You will need to earn $10 in cash back before becoming eligible for this bonus. Apps are available for both Android and iOS operating systems. You can easily download it from the Google Play Store or Apple App Store (depending on your divide) or by following the links available on TopCashback’s website.
If you prefer to shop on your computer, you can also download the browser extension. This is available for both Google Chrome and Mozilla Firefox, with links available on their website as well. By installing the browser extension, you can shop from the retailer’s website directly – just don’t forget to click the Activate Now button to get your cashback and earn your way to that sweet sign up bonus.
InboxDollars – $5 sign up bonus
InboxDollars is a side-hustle website that pays you for completing online activities. You can earn cash for doing such tasks as completing paid surveys, watching paid videos and TV, redeeming coupons, and more. You can also get a free $5 sign up bonus to get you started.
In operation since 2000, InboxDollars makes it easy to sign up and start earning money. Working with partners such as Netflix, Target, and Walmart, among others, you can also expect the paid tasks to be fun. Joining InboxDollars is completely free. There are quite a few different ways to earn free cash, including:
- Watching videos. Watch movie trailers and videos about product features
- Playing games. You can earn as much as 18% cashback when playing GSN games
- Reading emails. Read emails sent by InboxDollars to earn cash or complete the offers for even more earning potential
- Free coupons. Get free coupons for groceries, beauty products, and others while also earning cash backs
- Cash back. Earn cash back for shopping online from participating retailers
- Completing paid surveys. Complete paid surveys to earn cash and have a say in future releases with some surveys paying as much as $20 each
MyPoints – $10 Amazon gift card
MyPoints offers members a few ways to earn money, including an extensive cash back program as well as completing a number of online tasks. They currently have a sign up bonus promotion where you can get a $10 Amazon gift card when making your first purchase.
To get the sign up bonus, you need to make a purchase worth a minimum of $20, excluding shipping, handling, taxes, and processing fees. To qualify, the purchase needs to be made within 30 days of opening your account.
With MyPoints, you earn cashback points when making purchases from MyPoint participating retailers. Points can be redeemed for Amazon gift cards or other retail and restaurant partners with over 75 different ones to choose from. On top of gift cards, you can exchange your points for PayPal transfers.
To earn even more points, you can complete a range of activities as available on the MyPoints website, like watching videos, taking surveys, playing games, and even reading emails.
When it comes to cash backs, you can earn as much as 40% back on purchases. There are over 2,000 retailers to choose from, including Amazon, Walmart, and Best Buy.
Rakuten – $10 Walmart gift card
Rakuten, formerly Ebates, is a cash back rewards program offering up to 40% cash back from over 2,500 participating stores. Sign up today and take advantage of their sign up bonus offer where you can get $10 in Walmart gift cards or Rakuten cash back.
All you need to do to start earning Rakuten cashback (and score these gift cards!) is to sign up and start shopping through their website. Signing up is easy, and you can do this through your Google, Facebook, or Apple account. You can also use your email address if you would like to set up a standalone account.
Cashbacks are paid every quarter. You can choose between receiving a check at home or get paid through PayPal.
Ibotta – $20 sign up bonus
Ibotta is a cash back and payments app that offers you real cash back on online and in-store purchases. They’re currently offering a $20.00 welcome bonus, which you can get just for using the app.
The app is compatible with both Android and iPhone and can be downloaded from their respective stores. You can also follow the links directly from Ibotta’s website by clicking on Download from the main menu. In both Google and Apple stores, the app has received good reviews and is rated highly, making it a safe, money-making app.
By using the Ibotta app, not only do you get this welcome bonus, but you’ll also earn rewards for your everyday shopping. Ibotta supports many different retailers, giving you a wide choice to choose from when it comes to earning cash back. In fact, there are over 400 different retailers to choose from, with both online and physical stores helping you earn even more cash backs.
Aside from the welcome bonus, which you can get right now, Ibotta also has a few giveaways with gift cards up for grabs from major retailers.
Credit Card Sign Up Bonuses
Signing up for a new credit card can be an excellent way to boost your credit score – as well as score fantastic sign-up bonuses. Not only can cardholders get hefty bonuses, but they can also take advantage of things like intro APRs in your first year, thousands of bonus points upon signup, 2x points on travel purchases, cash back at grocery stores – and lots more.
There are two main types of credit card sign up bonuses:
- Points/Miles Bonus: Many travel cards offer points or miles as travel rewards. A mile is worth more or less 1 cent, but it’ll depend on the program. You can earn points/ miles for brand loyalty and various types of spending. Some cards will encourage repeat purchasing with bonus miles.
- Cash back Bonus: Many credit cards also offer cash back programs. You can claim your cash back through gift cards – and it can add up quicker than you know. You can also use your statement credit at gas stations, for travel and hotel stays, and more.
Southwest Airlines Rapid Rewards Plus Credit Card – 40,000 Rapid Reward Points
- earn 40,000 points after you spend $1,000 in the first 3 months
- Learn More >>
If you’re a frequent Southwest Airlines traveler, then this is one of the best sign up bonuses for you. Get 40,000 Rapid Rewards points with a spending requirement of $1,000 in the first three months from account opening. This could give you over $600 in airfare (if you value each point at around 1.66 cents).
Do bear in mind that there’s a $69 annual fee, but Southwest does offer many other fantastic perks.
- Welcome offer: Get 40,000 Rapid Reward Points if you spend $1,000 in the first three months from account opening
- Rewards rate: Get 2x points for every $1 spent on Southwest Airlines purchases and 1x point for every $1 spent on ALL purchases
- Get 3,000 points on your Cardmember anniversary
Chase Sapphire Preferred – 60,000 bonus points
- earn 60,000 bonus points after spending $4,000 in the first 3 months
- Learn More >>
Chase Sapphire Preferred is one of the best credit cards of 2020, featuring premium dining and travel rewards. Both Chase Sapphire Preferred and Chase Sapphire Reserve have an incredible sign up bonus, but I chose Chase Sapphire Preferred as it’s currently offering more bonus points than Chase Sapphire Reserve.
New cardmembers can take advantage of a sign up bonus worth $600 in cash (or 25% more – $750 on travel booked through Chase Ultimate Rewards!).
To score this bonus offer, cardholders will need to spend $4,000 on purchases though the Sapphire Preferred credit card. This needs to be completed within three months of account opening and will earn you as much as 60,000 bonus points. The card comes with a number of other features.
- Welcome offer: 60,000 bonus points if you spend $4,000 on purchases within three months of account opening
- Rewards rate: 2x points on travel purchases and dining at restaurants; 1x points on everything else
- 1:1 point transfer from leading frequent travel programs
- Travel rewards like travel protection and purchase coverage
- Get great benefits from partnerships with DoorDash and Lyft
- No foreign exchange fees
The card comes with a variable APR (Annual Percentage Rate). There is also an annual fee of $95.00. Cardholders can also earn 15,000 bonus points for each successful referral with up to 75,000 bonus points per year, and 2x points on travel purchases and dining at restaurants.
It is worth mentioning that Chase Sapphire Preferred doesn’t offer Global Entry/ TSA precheck fee reimbursement, unlike its sister Chase Sapphire Reserve.
But if you don’t think you’ll use the card to pay Global Entry or TSA Precheck, then it’s not a huge loss.
Chase Freedom Unlimited – Earn $150 cash back
- $150 cash bonus when you spend $500 in 3 months
- Learn More >>
As you can probably tell, Chase is a credit card issuer I mention a lot. That’s because I think it’s one of the top credit card issuers right now – and because it has a lot to offer.
Chase Freedom Unlimited has an excellent bonus offer right now – $150 cash back after you spend just $500 on purchases in the first three months from account opening.
You can take advantage of this excellent offer if you haven’t yet received a new cardmember bonus for the Chase Freedom Unlimited card in the past two years.
- Welcome offer: Earn $150 cash back if you spend $500 on purchases in the first three months from account opening
- Rewards Rate: Unlimited 1.5% cash back on every purchase
- No annual fee! Yes, you can get the bonus and use Chase Freedom Unlimited to boost your credit score as well as to reap its benefits without paying an annual fee
- Your cash back rewards don’t expire – you can use them as long as your account is open
- There is no minimum to redeem
As you can see, not only is Chase Freedom a fantastic bonus credit card for cash back, it also offers a whole lot of other perks you can make use of as a cardmember. All without paying an annual fee.
TD Cash Credit Card Visa – $150 in cash back
If you’re looking for a new credit card that gives you a great sign up bonus and has plenty of perks, then TD Cash Credit Card Visa is one of the best credit cards you’ll want to check out.
It comes with a few excellent perks, including $150 cashback. To qualify, you’ll need to spend a minimum of $500 within 90 days of opening the account.
- Welcome offer: Earn $150 in cash back when you spend $500 in 3 months of account opening
- Rewards rate: Earn 3% cash back on dining, 2% on groceries and 1% on other purchases
- Keep your account in good standing to enjoy no caps and no limits
There is no annual fee and no foreign transaction fee – though you may get charged for late payments (up to $37). TD Cash Credit Card Visa comes with contactless payments for increased security and convenience.
Should your card gets lost or stolen, you can also get an instant replacement at a TD bank branch. The card can also be added to your smartphone for simplified management.
While there are many excellent credit cards on the market, I’ve only mentioned the above because of the fantastic sign-up bonuses you can get right now.
For a full list of excellent credit cards, check out my post on the best credit cards. You’ll see the likes of:
- Capital One® Quicksilver® Cash Rewards Credit Card
- Wells Fargo Propel American Express® Card
- Chase Ink Business Cash Credit Card (excellent for small businesses)
- Discover it® Cash Back Credit Card
- Bank of America® Travel Rewards Credit Card
Many of these cards have offered great sign up bonuses over time, so it’s always worth keeping an eye on what they offer.
Other Sign Up Bonuses
HoneyGain – $5 sign up bonus
When it comes to making money, making the most out of the resources you have at your disposal is something of a golden rule. This is the model HoneyGain uses where you can exchange your unused internet connection for money in your pocket.
They’re also running a promotion where you can claim $5.00 just for signing up. The bonus money will be added to your HoneyGain account upon completion of the registration process.
Joining HoneyGain is easy, and making money is as effortless as downloading and installing an app. There are apps for Windows (PC), Mac, and Android. This means that iPhone and iPad users will have to sit this one out. You can earn as much as $300 per month for sharing 100GB a day.
Realistically speaking, it will probably be much less than this, but it’s still nice to know it’s a possibility. You should also note that the actual amount paid will vary depending on a number of other factors, including bandwidth (speed of your connection) and demand.
If you’re looking to earn more money, you can even invite your friends and family and get 10% of their earnings straight into your HoneyGain account. Apps can be downloaded straight from HoneyGain’s website.
Arcadia Power – $20 gift card
If renewable energy is important for you, then Arcadia Power could very well be a great fit for you. To sign up, you need to live in a state where you can choose your electricity source. You can then sign up and connect to Arcadia power, where you will get up to 50% of your energy from renewable sources thanks to the purchase of Renewable energy certificates. You can also choose to bump this up to 100%, but it will cost you an extra 1.5 cents per kilowatt.
If this wasn’t enough of a feel-good factor, Arcadia Power will also send a $30 Amazon gift card your way just for trying them out. There are no extra charges involved and no contract to bind you to Arcadia Power. In fact, you can cancel anytime you wish.
Arcadia Power works with over 100 different utility companies across the nation – making it easy to integrate with them even if you move. There’s even an online portal where you can manage your account and track usage and impact.
Netspend – $20 sign up bonus
Netspend offers prepaid Visa cards with a number of benefits designed to make your financial life easier and more fun. They’re also offering a sign-up bonus where you can get an extra $20 when signing up through a referral and fulfilling the relevant requirements.
To get your extra $20, you will need to activate your account, verify your identity, and deposit a minimum of $40. You can deposit the money in cash or through a direct deposit, making it easier to fund your Netspend Visa Prepaid Card. You can also choose the design of your card from the available designs, of which there are four for a truly personalized experience. Other Netspend features include
- Receive direct deposits up to 2 days earlier
- Cash back on qualifying purchases
- Load checks by taking photos
- Transactions, deposits, and budgets notifications
- Mobile application for account management
Capital One 360 Performance Savings – up to $500
CapitalOne’s 360 Performance Savings is a high-yield savings account that can warn you an APY (Annual Percentage Yield) of 1.00% with no monthly fees. Their current promotion can see you get up to $500 in bonus money when you open an account and make a qualifying deposit (minimum $10,000).
The minimum deposit amount will get you $100. For every $10,000 increase in the deposit amount, you will get an additional $100 up to a maximum of $500. This means that to get the full amount, you will need to deposit $50,000 or more.
It will take 60 days for the bonus to reach your account. All deposits made are FDIC insured, and you can use their mobile app to manage your money.
Verde Energy – $150 in prepaid cards for signing up
Verde Energy offers green energy without deposit fees, cancellation fees, or long-term commitments. You can also get a $150 sign up bonus – $100 for switching to their energy plan and $50 for signing up to their Natural Gas plan.
With electricity bills biting a hefty chunk into most people’s budget, finding ways to save on this utility makes perfect sense. It’s an even better idea when switching plans also reduce your carbon footprint.
You will receive half the rebate after the first month and the second rebate after six months. This means that you will need to prepare yourself to stay with VerdeEnergyUSA for more than six months if you want to get the full amount.
You will need to download and fill in a request form from their website. This needs to be sent in along with a copy of your VerdeEnergyUSA bill. This process needs to be repeated after six months to get the second half of the sign up bonus. Processing time takes between 4 to 6 weeks, and the prepaid card will be mailed to the account holder on record.
Lyft – new driver bonus up to $1,000
Lyft works in a similar way to Uber and can be a great side-hustle by working as a driver during your non-working hours. The flexibility offered by this ride-sharing app can help you fit the work in your schedule, and you can work as much or as little as you want. If you’re new to Lyft, you can even get a welcome bonus to help you get started.
The bonus amount and conditions are very region-specific. To see what kind of bonus you might be able to get, download the Lyft application and refer to the bonuses section. Some Lyft drivers have reported a bonus of as much as $1,000 for completing 125 rides in 30 days – but this may be different for you.
Either way, Lyft can be a great way to make some money on the side, with some drivers even switching to Lyft as their full-time job.
How To Score Sign Up Bonus Offers
Scoring sign up bonuses is easier than you might think. There are countless companies that offer them – and in this article, we’ve listed 21 best sign up bonuses right now.
That said, you’ll need to meet certain criteria to be able to get a sign up bonus – and the requirements will differ from one company to the next.
Tips To Scoring Sign Up Bonus Offers:
- Keep an eye out for special offers. We’ll be updating this article regularly, so do come to check it each month to find the best sign-up bonuses.
- Don’t forget about the bonus when you sign up. Make sure you keep an eye on the bonus to meet the criteria – whether it’s spending a set amount within a few months from account opening, setting up a direct deposit, or getting a new credit card with the same bank.
- Watch out for hidden fees. On top of annual fees, there may be other fees that you’re not aware of (like transfer fees or foreign transaction fees). Make sure you know exactly what you might get charged for before signing up.
Sign Up Bonuses FAQs
Can I exchange my sign up bonus for cash?
It really depends. Some companies will offer a straight-up cash bonus while others will give you points or something in between the two. Each sign-up bonus promotion will also have its own set of terms and conditions. These will tell you how the sign up bonus can and can’t be used.
How much money can I make from sign up bonuses?
Each promotion will have a limit to how much you can earn but, technically, there is no limit to the number of promotions you can sign up for. Do keep in mind that most sign up bonus promotions will have spending requirements that need to be met – so keep an eye on those once you sign up to make sure that you’re doing everything you should. These spending requirements may limit the number of promotions that you can sign up for.
It’s not just about how much money you can make from sign up bonuses, but how much money you can save on things like travel. Many new card sign up bonuses come with travel rewards or travel credit, meaning you don’t have to spend any of your own money on airfare and hotel stays. That can add up to huge savings.
The Best Sign Up Bonuses Summed Up
Sign up bonuses can be a fantastic bonus when you start using a product or a service. From opening a new bank account or signing up for a new credit card that offers incredible rewards – there are so many attention-worthy sign-up bonuses around right now!
Another important thing is to make the most of whatever new service or product you signed up for (this especially applies to getting new credit cards). Sign up bonuses aside, many come with other excellent advantages – like membership rewards, priority passes, extra cash back in bonus categories, loyalty programs, and perks like airport lounge access and discounts on car rentals. Make sure you don’t just sign up for the bonus – but use everything a credit card or some other product has to offer.
Sign up bonuses tend to change constantly, so remember to check back every once in a while to find out the best sign up bonuses currently on offer at any given time.