7 Different Ways to Score a Cash Sign-Up Bonus of $100 or More

Want some free money?

There are quite a few companies who will pay you a sign-up bonus just for becoming a customer. Some of these companies will pay you over $100 for simply signing up and following a few basic guidelines. 

But before we dive into some offers, let’s talk about what a sign-up bonus is so we are all on the same page.

What is a Sign-Up Bonus?

In short, a sign-up bonus is a sum of money a company pays to gain your business. Companies use sign-up bonuses to attract new customers and get them to try out their products or services. There are usually certain requirements you need to meet to get your bonus.

Some of the most common bonuses can be earned by signing up for bank accounts or credit cards. However, there are other companies that offer cash incentives such as shopping portals, energy providers, and much more.

How to Score a Cash Bonus of $100+

Ready to make some cash? Here are some offers that will put a minimum of $100 in your pocket if you are eligible and complete all of the requirements.

Verde Energy up to $150 Cash Back Bonus

Electric bills can make up a significant portion of your monthly budget, so it’s always a good idea to shop around and compare rates. You may be able to save a significant amount of money by switching to an alternate provider for your home energy needs.

Wouldn’t it be great if you could earn some extra cash while decreasing your monthly bills?

Verde Energy is rewarding new customers with a $100 cash-back bonus for signing up for electricity services and $50 for signing up for natural gas services. With both bonuses, you receive one prepaid card for half the rebate after your first month with this energy provider, and the other half after your sixth month. You redeem the offer by mailing in a coupon from their website with a copy of your bill.

Verde Energy currently provides services in Connecticut, Illinois, Massachusetts, New Jersey, New York, Ohio, Pennsylvania, and Texas. You can check the current rates for your zip code on their website and lock in that price for 12 months. There are no fees to switch providers and you are not required to sign a contract.

As an added bonus, Verde Energy prides itself on only providing renewable, green energy. This offer gives you the ability to save money on your monthly bills, earn a nice cash bonus, and help out the environment–definitely seems like a win-win-win situation.

$1,000 Lyft Driver Bonus

Are you looking for a new side hustle? Becoming a driver for a ride-sharing company can be a lucrative gig for your non-working hours. There is an application process to be a driver for Lyft, including the requirement that your vehicle passes inspection.

However, once you’re approved, you can simply activate the app on your phone and earn some money whenever you have a little free time to drive around.

Lyft is currently offering new driver sign-up bonuses. To get the bonus, you’ll need to complete 125 rides within 30 days to score a cool $1,000 – guaranteed.

Become a Lyft driver today and make an extra $1,000 after your first 125 rides. Terms apply.

Your application to become a driver must be approved within 30 days after you sign up. Also, you’re only permitted to use one promo code as a new driver.

Chase Premier Plus Checking Account $300 Bonus

Banks often try to attract new customers by offering bonuses. JP Morgan Chase Bank currently has a very generous $300 sign-up bonus for opening up a new checking account.

There are a couple of steps involved before you receive the bonus. First, visit their website and request that they email you a special coupon. You take this coupon into your local branch of Chase Bank.

Open your new checking account by depositing at least $25 and setting up direct deposit. Chase will credit your account in the amount of $300 within 10 days of your first direct deposit.

You have to keep the account open for six months in order to keep the sign-up bonus. Be aware that there is a $25 monthly service fee unless your average balance is at least $15,000.

However, Chase gives you some additional bonuses with this account, including free checks, a free safe deposit box, and four transactions per month at non-Chase ATM’s with no fees. You’ll also earn interest on your balance at the rate of 0.01%.

This offer is perfect for someone who receives a regular paycheck, but no bonuses from their bank. Even if you only keep the account open for six months without a large balance, and pay the monthly service fee, you’ll still walk away with a bonus of $150.

Chase Total Checking Account $200 Bonus

If you aren’t in the position to keep $15,000 in your checking account, don’t despair. You can still get a great bonus from Chase with their Total Checking.

This account requires an initial deposit of $25 to open the account and you must set up direct deposit within 60 days to qualify for the bonus. The bonus will be deposited into your account after 10 days of meeting the requirements, but you have to keep the account open for six months to keep your bonus. If you close your account before the six-month mark, they will deduct the $200 bonus from your balance.

There is a monthly fee of $12 but this can be waived with one of the following:

  • have direct deposits of at least $500 a month
  • keep at least a $1,500 minimum balance in the checking account
  • keep at least a $5,000 minimum balance in a combination of other qualifying Chase accounts

Chase Savings Account $150 Bonus

This offer can be combined with the above Chase offers, making it a great deal for new Chase customers.

To qualify for the $150 bonus you must be a new Chase customer and deposit at least $10,000 into your Chase Savings account within 20 days of opening the account. The $10,000 balance must remain in the account for at least 90 days.

Your bonus will be deposited into your savings account within 10 days of meeting the requirements.

There is a $5 fee, which will be avoided if you meet the minimum balance requirement of $300. You will easily do so if you’re keeping $10,000 in the account to earn the bonus.

Other Cash Bonus Offers

Not quite ready to make the commitments required for the higher sign-up bonuses? There are still bonuses to be had with easier requirements, but the trade-off is they’re not as high. The ideas below will still put cash in your pocket for minimal work, so give them a try.

Capital One 360 Checking or Savings Account $25 Bonus

If you don’t have the $10,000 needed to get started with this promotion, have no fear. You can still score a $25 bonus simply by opening a Capital One 360 Savings Account or Checking Account.

To get the offer for the checking account, you need to be a new Capital One 360 customer and make an initial deposit of at least $250. In addition, you will need to complete one of the following: make three debit card purchases or Zelle payments within 45 days of account opening. The $25 bonus will be deposited into your account by day 50 of account opening.

Check out our full review of the Capital One 360 Checking account here.

The savings account only requires you to make an initial deposit of $250 before getting your $25 bonus. It will be automatically deposited into your account upon opening and will start earning interest right away, although you cannot withdraw the money for 30 days. This offer is only available to new Capital One 360 customers.

Check out our full review of the Capital One 360 Savings account here.

Both of these accounts have no fees and no minimum daily balance requirements. They also offer access to free ATMs nationwide.

Ibotta $20 Bonus

Currently, Ibotta is offering a deal where you can earn $100 if you refer ten friends by 12-31-2019. Since the Ibotta app is already a great tool for saving money, it’s like you’re getting paid to make smart financial moves.

Ibotta is a cash back shopping app that lets you earn cash rebates every time you shop at your favorite grocery stores, retail stores, service providers, and so on. It’s simple and easy to use and you can stack the rebates with coupons for more savings.

Check out this Ibotta in-depth review for how to make the most with this app.

Rakuten $10 Bonus (Formerly Ebates)

Would you like to get a sign-up bonus just for doing your regular online shopping? You should definitely check out Rakuten: Cash Back Shopping. It’s basically a cash back portal that pays you a percentage of your purchase.

To get the bonus, you will need to create a free account and use the Rakuten shopping portal to make a purchase of at last $25. All you need to do to have your purchase count is to click on the link to the online store through Rakuten’s website.

Rakuten will get a percentage of your purchase as a fee for referring you, and in turn, share some of that with you in the form of cash back. You can continue using Rakuten for future purchases and earning cash back for what you were planning to buy already.

Here’s an in-depth review of Rakuten as well as tips and tricks for maximizing your earnings.

The Bottom Line

Once you get the hang of it, getting sign-up bonuses can be a great way to make extra cash with minimal effort. The offers are constantly changing, so make sure you stay on top of promotion expiration dates.

Believe it or not, you really can score some free cash by keeping an eye out for special offers. Just remember to read the fine print and keep track of the requirements. Have you scored any good sign-up bonuses lately?

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About Philip Taylor, CPA

Philip Taylor, aka "PT", is a CPA, blogger, podcaster, husband, and father of three. PT is also the founder and CEO of the personal finance industry conference and trade show, FinCon.

He created Part-Time Money® back in 2007 to share his advice on money, hold himself accountable (while paying off over $75k in debt), and to meet others passionate about moving toward financial independence.

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