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Credit Cards That Allow You to Redeem Rewards in Any Amount

January 21, 2015
Credit Cards
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We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

We all get excited about earning credit card rewards, but most cards require you to wait until you’ve built up at least $25 in cash back, points or miles before you can cash in.

Here are a few cards that allow you to redeem rewards in any amount:

If you like 5% cash back: Discover it® Cash Back

The Discover it® Cash Back is one of our favorite cash-back credit cards, and it’s easy to see why. With it, you’ll earn 5% cash back in rotating quarterly bonus categories, up to $1,500 spent per quarter. You’ll also earn 1% cash back on all other purchases.

When it comes time to cash in your rewards, you’re free to do so at any time, in any amount. Also, you’ll have several options, including a statement credit, a direct deposit into your bank account or making a charitable donation.

Another reason we love the Discover it® Cash Back is that it provides some unique perks. For example, you’ll get access to Discover Deals, the best bonus mall in the business. By using this platform and its associated app, you could score bonus cash back, statement credits or in-store discounts at a lot of popular retailers.

Also, the Discover it® Cash Back charges no foreign transaction fees and gives customers free access to their FICO credit scores on an ongoing basis.

Finally, keep in mind that the Discover it® Cash Back charges an annual fee of $0, so it’s a cost-effective choice. In short, this is an excellent card to keep on your radar.

If you want to choose your bonus rewards categories: U.S. Bank Cash+™ Visa Signature® Card

Getting 5% cash back in rotating quarterly bonus categories is great, but only if the categories are places that you actually shop. That’s where the U.S. Bank Cash+™ Visa Signature® Card comes in. With it, you’ll earn 5% cash back in two spending categories of your choice, up to $2,000 spent per quarter, then 1%. You’ll also earn 2% cash back on an everyday spending category of your choice (most folks choose gas or groceries) and 1% cash back on all other purchases.

In September 2017, U.S. Bank added a limited-time offer for new cardholders: In the first year you have the card, the 5%, 2% and 1% rewards rates are increased to 5.5%, 2.5% and 1.5%. After the first year, the rates drop back to 5%, 2% and 1%.

As promised, you’ll be able to redeem the cash back you’re earning with the U.S. Bank Cash+™ Visa Signature® Card in any amount when you choose to deposit it into a checking or savings account, or get a statement credit. Couple this with the options you have for earning bonus cash back, and the U.S. Bank Cash+™ Visa Signature® Card is one of the most flexible cards out there today.

Like the Discover it® Cash Back, the U.S. Bank Cash+™ Visa Signature® Card also provides customers with ongoing access to their FICO credit scores. This is a great way to make sure that you’re staying in tip-top financial shape as you enjoy all the cash back you’re racking up.

The U.S. Bank Cash+™ Visa Signature® Card’s $0, so it’s another low-cost option.

If you prefer simplicity: Capital One® Quicksilver® Card - 0% Intro APR for 15 Months

Rotating bonus categories will help you score extra rewards, but they can also be kind of a hassle. The Capital One® Quicksilver® Card - 0% Intro APR for 15 Months provides the ultimate luxury – simplicity. With it, you’ll earn 1.5% cash back on all purchases, all the time. There’s no limit to the cash back you can earn and, once again, rewards can be redeemed any time and in any amount.

Unlike our other picks, the Capital One® Quicksilver® Card - 0% Intro APR for 15 Months comes with a signup bonus: One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening. It also charges an annual fee of $0, so you’ll be able to build up your cash back without having to fork any of it over.