How to Earn $435 by Spending ~$1,000 With NO Annual Fees!

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Did you know there’s a way to earn $435 by opening 3 no-annual-fee cards and spending just ~$1,000?

By combining the sign-up bonuses from the Chase Freedom, Discover it, and US Bank Business Edge Cash Rewards cards, you can earn ~44% back when you meet the low minimum spending requirements!

How To Earn 435 By Spending 1,000 With NO Annual Fees

Big Cash Back With Small Spending! Open 3 Cards to Earn ~44% Back on Just $1,000 in Minimum Spending!

This is a terrific deal if you like cash back.  I’ll show you how to do it!

What’s the Deal?

There are excellent sign-up bonuses for no-annual-fee cash back cards available now.  And the minimum spending requirements to earn these bonuses are very low!

By signing-up for 3 cards – Chase Freedom, Discover it, and US Bank Business Edge Cash Rewards – you can earn at least $435 in cash back by spending just over $1,000 in ~3 months.

Here’s how it works:

 Chase FreedomDiscover itUS Bank Business Edge Cash Rewards
Sign-Up Bonus$150 (15,000 Chase Ultimate Rewards points)$50$150
Minimum Spending$500 on purchases in the 1st 3 months of opening your accountFirst purchase (could be $1!) in the 1st 3 months of opening your account$500 on purchases in the 1st 90 days of opening your account
Additional Bonus$25 (2,500 Chase Ultimate Rewards points) when you add an authorized user who makes a purchase in the 1st 3 months$50 (cash back doubled after your 1st 12 billing cycles)Bonus 25% of the cash back you've earned each cardholder year (maximum $250)
Cash Back From Minimum Spending PurchasesAt least $5 (1% of $500) or more if you spend in 5% cash back categories1% back (doubled at the end of 1st 12 billing cycles)At least $5 (1% of $500) or more if you spend in 3% cash back categories
Total Cash Back Earned$180$100$155
Grand Total Cash Back = $435

Spending $1,000 in ~3 months is easy to do for most folks.  And because these cards are issued by 3 different banks, you can apply for them at the same time!

These are good cards to keep forever, because they don’t have an annual fee.  And keeping your cards open for a long time can increase the average age of your accounts and potentially improve your credit score.

These Cards Are Useful Beyond the Bonus

These cards are good for ongoing spending, too.  Each has terrific bonus categories and opportunities to earn even more cash back!

1.   Chase Freedom

Link:   Chase Freedom

Link:   My Review of the Chase Freedom

You’ll earn 15,000 Chase Ultimate Rewards points ($150) when you sign-up for the Chase Freedom card and spend $500 on purchases within the 1st 3 months of opening your account.

And you’ll also get:

  • 2,500 Chase Ultimate Rewards bonus points ($25) when you add an authorized user who makes a purchase in the 1st 3 months of opening your account
  • 5X Chase Ultimate Rewards points (5% cash back) on up to $1,500 in spending in rotating categories each quarter when you activate the bonus!
  • 1X Chase Ultimate Rewards points (1% cash back) on all other purchases

This isn’t a good card to use overseas, because it adds 3% in foreign transaction fees.

I like this card for earning lots of Chase Ultimate Rewards points each quarter in rotating 5X points (5% cash back) bonus categories.  If you spend the $1,500 maximum each quarter, you’ll earn an extra $300 per year ($1,500 x 5% x 4 quarters).

But you’ll get even more value from this card if you also have a Chase Sapphire Preferred, Chase Ink Plus, or Chase Ink Bold (no longer offered) card.

Then you can combine your points and transfer them to great airline and hotel partners, like British Airways, Hyatt, and United Airlines!

Rumor 100,000 Chase Ultimate Reward Point Sign Up Bonus With New Card Coming Soon

Transfer Chase Ultimate Rewards Points From the Chase Freedom to Travel Partners If You Also Have a Chase Sapphire Preferred, Chase Ink Plus, or Chase Ink Bold

Remember, Chase has become strict with approving applications from folks who’ve opened ~5 or more credit cards in the past 24 months.

So consider applying for Chase Ultimate Rewards points-earning cards like the Chase Sapphire Preferred, Chase Ink Plus, or Chase Freedom FIRST if you’re new to our hobby!

2.   Discover it

Link:   Discover it

Link:   Up to 10% Cash Back With the Discover it Card for the 1st Year!

You’ll earn $50 when you sign-up for the Discover it card and make your 1st purchase in the 1st 3 months of opening your account.  It could even be a pack of gum!

And you’ll earn:

How To Earn 435 By Spending 1,000 With NO Annual Fees

Earn 5% Cash Back in Rotating Bonus Categories Each Quarter, Like Restaurants – and Discover Will Match Your Earnings at the End of Your 1st Year!

But after your 1st 12 billing cycles (or if you previously registered), Discover will MATCH the cash back you’ve earned for the year.  So your $50 sign-up bonus will be doubled for a total of $100 cash back!

So with this card, you can effectively earn 10% cash back in rotating bonus categories on up to $1,500 in spending each quarter.

If you spend the maximum each quarter, you’ll earn an extra $600 per year ($1,500 X 5% X 4 quarters X 2).  That’s a super deal!

Plus, you can use this card overseas without paying extra because it does NOT add foreign transaction fees.

3.   US Bank Business Edge Cash Rewards

Link:   US Bank Business Edge Cash Rewards

Link:   My Review of the US Bank Business Edge Cash Rewards

There’s an improved sign-up bonus on the US Bank Business Edge Cash Rewards card.  You’ll earn $150 cash back when you spend $500 on purchases in the 1st 90 days of opening your account.

This is a small business card, but it may be easier to qualify than you think!  For instance, your for-profit selling on eBay, tutoring, or blog may count.

Don’t use this card when you travel abroad, because it adds 2% in foreign transaction fees.

I like that this card earns 3% back with no spending cap at office supply stores, gas stations, and on cellular phone service.

How To Earn 435 By Spending 1,000 With NO Annual Fees

Spend a Lot on Gas? You Could Earn 3% Cash Back With the US Bank Business Edge Rewards Card

Plus, you’ll earn an annual bonus of 25% of the cash back you’ve earned in the previous year (maximum $250 cash back).  So that’s like getting 3.75% cash back in bonus categories (and 1.25% on everything else).

That said, there are small business cards that earn more at office supply stores and on cellular service, like the Chase Ink Cash and SimplyCash® Plus Business Credit Card from American Express.  But the spending requirements to earn the sign-up bonus on those are much higher.

Bottom Line

By signing-up for 3 cards and spending ~$1,000 to meet minimum spending requirements, you can earn $435 (or more!) in cash back!

You can apply for the Chase Freedom, Discover it, and US Bank Business Edge Cash Rewards cards at the same time, because they’re issued by different banks.

This is a terrific way to earn ~44% back on $1,000 in spending you’d likely do anyway.  And because these cards don’t have annual fees, they’re good to keep for the long-term and potentially boost your credit score.

Plus, each card offers opportunities to earn bonus cash back in certain categories.  So they’re great cards to use for regular spending, too.

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Editorial Disclaimer: Neither the responses below nor the editorial content on this page are provided or commissioned by the bank advertisers, and have not been reviewed, approved or otherwise endorsed by the bank advertisers. Opinions expressed here are the author’s alone, not those of the bank advertisers. It is not the bank advertisers’ responsibility to ensure all posts and/or questions are answered.

5 responses to “How to Earn $435 by Spending ~$1,000 With NO Annual Fees!

  1. Personally I would not do this. Waste of multiple hard pulls for a return of $145 bonus per card. Most people can/should do much better. If you aren’t getting $300-$500 per pull in value, I would walk away. If you really believe $435 (even in cash) for 3+ pulls is worth it, rethink.

  2. Your link to the Discover card says nothing about the $50. What am I missing?

  3. @ Kent C Agreed.
    Got me excited there for a bit, then kept reading and one has to sign up for a bunch of credit cards!

  4. Yeah I would not risk three hard pulls for that little reward. Now if it were something like what I did on my last pull which was the BOA ABA + the CPA card + the Alaskan Airline card – then that is worth it to me. Both the ABA and the CPA have a $175 statement credit after $500 spent (no annual fee) + the Alaskan card has 25,000 miles + $100 statement ($75 annual fee) after $1,000 spent. All in all it’s $375 + 25,000 miles for one hard pull and you can cancel the Alaskan card later.

  5. @Kent C @P – That’s fair! Some folks want cards with low spending requirements. So depending on your situation, this is another way to get a good return for a low amount of spending.

    As always, choose the offers that are best for your goals. Thank you for reading and sharing!

    @Nick – It’s in the terms and conditions. You’ll earn $50 after your 1st purchase. And then it will be doubled after the 12th billing cycle.

    But you’re right, it’s not prominently displayed on the landing page. If you click through to the terms, you’ll see it near the bottom.

    @Doug – That’s a great strategy, too! Especially if you value miles more than cash back. Thanks for adding!

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