Free Credit Cards With Money On Them For 2014

Posted by CreditCardGuru

Q: Hey found this site and you have a lot of good advice man. The reason I came here was because I want to get a credit card, or maybe a few, that have free money on them. Plus I don’t want an annual fee, at least for the first year. Do you have any recommendations?

money - hundred dollar billsA: I can definitely help steer you in the right direction, but let me first clarify a couple things. My recommendations can be found at the bottom of the page.

1) The “free money” comes with some strings attached

It used to be you could apply for a credit card a get the bonus right up front. For the most part, credit card issuers have moved away from this type of incentive because a number of people were gaming the system and never using the card. So, a few bad apples ruined it for the rest of us, sadly. So, even though there are no free lunches there are still many compelling deals out there if you don’t mind a few strings.

These days free credit card deals require you to spend a minimum amount before the signup bonus is earned. For example, if a card offers $100 bonus it might require you to spend $500 or more in the first three months of account opening before that bonus is awarded to your account. You technically are not getting anything for free, but if you were going to spend the money anyway you could make that argument. In addition, if you carry a balance and pay interest or an annual fee, that’s something else to factor into the equation. On some you might pay an annual fee after the first year.

2) Don’t open and close an excessive number of cards

Before you make cashing out free card bonuses your second occupation, understand that your FICO score looks at the average age of your accounts. The higher the average age, the better.

This is why you don’t want to go overboard signing up for credit cards with money/airline/point promotions. Try and stick with a card you will actually want to keep and use. And, you should hang on to your oldest card forever, if possible. Even if it has a terrible interest rate you can pay it off and throw it in a sock drawer and it won’t cost you a penny. Just use it once a year to keep it active (some issuers will proactively close an account that stays dormant too long) and pay it off in full when the bill comes. That way the length of your credit history will always be tied to that account over time.

3) A large number of credit checks are not good for your credit score either

Every time you apply for a new card, loan, etc. there is a credit check (also known as a credit inquiry) that is pulled by the lender to see if you’re a good risk in terms of getting a new credit card account. You can always count on bankers to be risk averse.

For about a year following a hard credit pull (involving your full credit profile at the bureau) your score will probably get dinged. Usually not by much – maybe just a five or ten points – but sometimes not at all.

At any given time it’s normal to have a few of these on file. But if you start applying for say, 5 or 10 cards over the period of a couple months, then that’s going to be 5 or 10 credit checks… and that high of a number for such a short period of time and therefore it will potentially torpedo your score (until they are no longer counted – 12 months from date of inquiry).

Don’t go crazy and apply every time you see cards with money on them being offered. Be picky and only go for the best, which I’ve listed here and constantly update. It’s often best to wait at least six months between applications in my opinion but there are some that advocate getting several at once, which can still be better than spreading the credit inquiries over weeks or months.

Here are my top recommendations for 2014:

Chase Sapphire PreferredĀ® Card

Next up is another card from Chase which you have also probably heard of before because it’s so popular (I use both this and the Freedom).

If you spend $4,000 within the first 3 months of opening your account, you earn 40,000 bonus points. If you redeem those points for cash back, it’s $400 worth! Or you can redeem the points for travel and get even more value out of them.

Spending $3k within 3 months shouldn’t be excessively challenging if you put everything on the card, as that’s an average of $1k per month in spending. Even if you normally don’t spend that much, you can always buy gift cards from grocery stores, gas stations, etc. in order to help you reach that threshold faster – and then use those gift cards at a later date of give them as gifts during the holidays.

There is an Introductory Annual Fee of $0 the first year, then $95.

Here is the application for this offer

Discover itĀ® for Students

Discover it for studentsAre you in college? If so, check out this card. Admittedly the bonus is not that large, but it’s quite easy to get approved if you are a student (the others above require a good established credit history as where this card already takes into consideration that students have little credit history). After your very first purchase you earn a $20 Cashback Bonus. No strings attached with this deal.

And this is card you will want to use for the long haul because it earns 5% cash back on categories when you signup for them, 1% on all other purchases.

And guess what? There is no annual fee, no foreign transaction fee, no fee for making payments by phone, no fee for going over your credit limit, and no fee on your first late payment!

Here is the application to get this offer

This post was written or last updated July 29, 2014


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Editorial Disclosure: The editorial content on this page is not provided by any bank, credit card issuer, airline or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

35 comments... read them below or add your own

  1. jo jo Morris December 18, 2014 at 12:05PM

    I NEED A CREDIT. CARD I GOT CUSTODY OF TWO OF MY GRANDKIDS. AND NO HELP FROM THE PARENTS IN A WEEK IT WELL BE CHRISTMAS AND I CAN’T GET CHRISTMAS FOR THEM. IF ANYONE KNOW ANYTHING PLEASE LET ME KNOW. TY

  2. Me November 30, 2014 at 5:54PM

    Hey does anybody know any credit cards that have money in the card…That I can use?

    Thanks,
    .:Me.:

  3. toney October 5, 2014 at 4:51PM

    I want the sapphire

  4. chris hodge September 20, 2014 at 11:58PM

    I love the gold card

  5. antonio parnell September 10, 2014 at 5:35PM

    I love my credit card

  6. Shirleyslater August 20, 2014 at 1:55PM

    I Love The Gray Card

  7. monesse francis August 12, 2014 at 8:38PM

    I have poor credit no job single mom 3 kids and no career HELP ME please.

    • Angel Brown August 13, 2014 at 10:15PM

      My mom is a single mom and has 6 kids your 3 kids ain’t nothing so just stop complaining.

    • antonio parnell September 10, 2014 at 5:37PM

      We need all the extra money we can get in life

    • C Ray October 5, 2014 at 1:03AM

      Let me if you come across some good info please.

  8. Steven Wille August 3, 2014 at 12:04AM

    Right now a credit card would change my life for the better.

  9. kealsy johnson July 9, 2014 at 6:14PM

    yes i am a single mother with my grandchild and i need money already on the card its hard riseing my granddaughter by my self .idont have know one to help me with her i am all a long .

  10. mike July 8, 2014 at 9:51AM

    i need money

  11. sam dav June 30, 2014 at 5:44AM

    good stuffs but how can one without seeing these credit card issuers deposits his money to them with an iota of trust.what guarantee do i have that after my deposit my card will be issued to me.

  12. Me May 3, 2014 at 4:35PM

    I need a card to add money too w/out fees. Awards are fine. But I need place to put my cash were it’s safe on secure and I able to add to it at any time. Can you tell me if there is such a card?

  13. Me May 3, 2014 at 4:31PM

    I’m looking for a safe place to add money to a card….not a credit card…no interest or payments. Just a simple way to keep track of my cash but on a card in which I can use without fees on my money. Can you tell me if there is something like this out there?

    Thank you,
    Me

    • apromote July 14, 2014 at 2:35PM

      use a google play card no fees or anything and you can add money with no worries.

  14. Antoine Donaldson April 11, 2014 at 3:21AM

    I think they are all great

  15. Miki February 15, 2014 at 9:20AM

    I love the gold card very very much

  16. Tehrance bolden January 25, 2014 at 11:53AM

    I’ll take #1 on the list chase freedom

  17. NaydAle January 17, 2014 at 1:47AM

    I love it

  18. NaydAle January 17, 2014 at 1:45AM

    I will like it to

  19. kineticole September 7, 2013 at 4:13AM

    i like the NFL ExtraPoints Card

  20. koad August 22, 2013 at 3:19AM

    I love the green one

  21. kevin June 26, 2013 at 10:28AM

    I really love the gold one

  22. Juan Alfonso June 15, 2013 at 5:42PM

    I’ll like to take the freedom

  23. Jennifer Moore April 17, 2013 at 3:13PM

    I would like to get a credit card to use when times are hard and I’m short on cash, a pay back as you go card.

  24. Dave February 21, 2013 at 1:34PM

    I love the Freedom (#1 on list) it’s a great card!

    • Antonio Mcqueen March 19, 2013 at 12:01PM

      How much money does that one offer?

  25. Aaron Johnson February 18, 2013 at 8:21AM

    I’ll take the Chase sapphire card.

  26. thalia January 21, 2013 at 2:06PM

    I like the blue one

  27. Adderrean Robinson August 5, 2012 at 12:03AM

    I’ll take the gray one.

  28. Yolanda January 23, 2012 at 3:14PM

    I love the gold card and always use it to pay my utility and phone bills, the points add up fast!

  29. Cedric smith December 6, 2011 at 8:56AM

    I love the Gold Card

    • SERINA GREEN December 1, 2014 at 7:36PM

      I don’t have no job I’m. UnEmployment. I don’t have know Money. Can you Help i was looking for free money on credit cards

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