best cash back visa card 2019

Best Cash Back Cards of 2021 We've studied no annual fee cash back cards to find the best. How to Calculate APR on a Credit Card Feb 13, 2019. In 2018 I began saving and investing the cash back rewards we earned from credit cards. In 2019 alone we earned $4,177.83 in credit card rewards. The best cash back Visa cards can give you the chance to earn cash rewards for spending. Here's how they work: Every time you use them to.

Best cash back visa card 2019 -

Best cash back credit cards

Cash back rewards are popular with shoppers who value simple rewards earning and redemption structures, as well as knowing exactly how much their rewards are worth. Cash back credit cards come in flat-rate, tiered and opt-in varieties. The best card for you is one that gives you the most dollars back on your normal spending, after taking into account any fees and redemption restrictions. Our team has compiled the list below of the best cash back credit cards.

Best cash back credit card for opt-in categories and a unique bonus: Discover it® Cash Back

Discover it® Cash Back
Discover it® Cash Back
Intro Offer: Discover will match all the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.

Why it’s the best

The Discover it® Cash Back credit card offers 5% rewards, on up to $1,500, on bonus categories applicable to each quarter each time you enroll (then 1%). Categories rotate quarterly and include broad options to match the spending patterns of many shoppers. The advantage you’ll get with Discover is that rewards categories for the whole year are announced at the beginning of the calendar year, giving you plenty of time to plan your spending.

Discover will also match the cash back you’ve earned at the end of the first year. When you combine the generous rewards rates, the dollar-for-dollar matching promise and the $0 annual fee, it’s easy to see how this card will give you more money back for your spending.

Bonus points:

  • Save on interest with 0% APR for 14 months on purchases and balance transfers. After that, there is a variable go to rate of 13.49%- 24.49%.
  • Low fees: No foreign transaction fees and no late fee on your first late payment.

Best cash back credit card for 5% categories and a cash bonus: Chase Freedom®

Chase Freedom®
Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.

Why it’s the best

Like the Discover it Cash Back card, Chase Freedom offers 5% rewards on up to $1,500 spent in specific categories for each quarter you activate. It also has broad bonus categories that rotate quarterly and no annual fee.

But where Chase Freedom has the edge is that you’ll receive your cash bonus of $200 sooner, as you’ll only need to spend $500 to qualify. Another key strength is that you can activate bonus categories later in the quarter and still get 5% back on purchases made before opting in. It’s great if you don’t tend to have the time to keep a close watch on the rewards calendar.

Bonus points:

  • Flexible rewards redemption: Receive cash back as statement credits, direct deposits, gift cards or even transfer as Chase Ultimate Rewards points to use for travel.
  • Protect purchases for 120 days against damage and theft; additional 12 months’ warranty.

Best cash back credit card for flat-rate cash back: Citi® Double Cash Card

Citi® Double Cash Card
Citi® Double Cash Card
Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

Why it’s the best

While the Citi Double Cash Card won’t wow you with fancy credit card perks, it’s a compelling option if you’re serious about paying off a high-interest balance. With a 0% APR period of 18 months and no annual fee, it’s a card that can help you get out of debt sooner. After that, there is a variable go to rate of 15.49% – 25.49%.

The Citi Double Cash Card is a solid cash back card in its own right too. Compared to other flat-rate cash back cards, it offers a superior 2% rewards rate on unlimited purchases. You’re awarded 1% on purchases then another 1% as you repay either in full or over time.

Bonus points:

  • Flexible redemption: Receive cash back as a check, statement credit, credit to a linked account or convert them to points for Citi’s ThankYou Rewards program.
  • Special events: Enjoy VIP access to buy tickets for concerts, sporting competitions and dining experiences.

Best cash back credit card for flat-rate rewards and no minimum redemption: Capital One® QuickSilver® Cash Rewards Credit Card

Capital One® Quicksilver® Cash Rewards Credit Card
Capital One® Quicksilver® Cash Rewards Credit Card
One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening.

Why it’s the best

For those who prefer to steer clear of bonus categories, the Capital One QuickSilver Cash Rewards Credit Card offers simple flat-rate rewards on all purchases. While the cash-back rate of 1.5% isn’t top-of-the-market, there are no annual fees or maximum limits. Better still, you can redeem any amount, and your rewards won’t expire if your account stays open.

Then there’s the cash bonus offer of $150 if you spend $500 in the first three months. The 15-month 0% APR period will save you interest on purchases and balance transfers, too. After that, there is a variable go to rate of 15.49% – 25.49%. If predictable and hassle-free cash rewards are what you’re after, then the QuickSilver is worth a look.

Bonus points:

  • Great travel benefits: No foreign transaction fees, complimentary travel accident insurance and auto rental collision damage waiver.
  • Shop with confidence: Extended warranty on eligible purchases.

Best cash back credit card for groceries, gas and commuting: Blue Cash Preferred® Card from American Express

Blue Cash Preferred® Card from American Express
Blue Cash Preferred® Card from American Express
Earn a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.

Why it’s the best

The Blue Cash Preferred® Card from American Express offers tiered rewards. It’s a good fit for families or those whose monthly expenses comprise largely of food and commuting bills. With a market-leading rate of 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), you’ll only need to spend $31 per week at the supermarket to make up for its $95 annual fee. But on top of that, you’ll also receive 6% on select U.S. streaming services and 3% at U.S. gas stations and commuting purchases. It’s a fantastic card for maximizing your cash back potential without having to manage rotating categories.

There’s a $250 intro bonus too — sizeable compared to other cash back cards — but you’ll have to spend $1,000 in the first three months to qualify.

Bonus points:

  • Interest savings with 0% APR on both purchases and balance transfers for 12 months. After that, there is a variable go to rate of 14.49% – 25.49%.
  • Returns protection: Return an eligible purchase to Amex within 90 days for a refund if the seller won’t take it back. 

Best cash back credit card for dining and entertainment: Capital One® SavorOne® Cash Rewards Credit Card

Capital One® SavorOne® Cash Rewards Credit Card
Capital One® SavorOne® Cash Rewards Credit Card
Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening.

Why it’s the best

The Capital One SavorOne Cash Rewards Credit Card is ideal if a good portion of your paychecks go toward eating and going out. The 3% cash back on dining and entertainment is in line with similar products on the market. Though it’s possible to get a better rate elsewhere, this card has no annual fee or maximum limits.

The 15-month 0% APR period is long enough to save you substantial interest on purchases and balance transfers. After that, there is a variable go to rate of 15.49% – 25.49%. You’ll even get a $150 bonus if you spend $500 in the first three months.

Bonus points:

  • Great travel companion with no foreign transaction fees.
  • Redeem to suit you, with no redemption minimum and rewards that won’t expire for the life of the account.

Best cash back credit card for 3% cash back in the first year: HSBC Cash Rewards Mastercard Credit Card

HSBC Cash Rewards Mastercard® credit card
HSBC Cash Rewards Mastercard® credit card
Earn unlimited 1.5% cash back on all purchases.

Why it’s the best

Compared to the 1.5% rewards rate on many flat-rate credit cards on the market, the 3% intro cash back offered by the HSBC Cash Rewards Mastercard Credit Card is highly attractive. The intro rate applies to all purchases in the first 12 months, up to a maximum of $10,000 in purchases. The cash back rate reverts to 1.5% after the intro period — still competitive — and there are no annual fees, maximum limits or foreign transaction fees.

Now, assuming you utilize the full $10,000 during the 3% intro period, you’ll receive $300 cash back instead of $150 (calculated using the regular cash-back rate of 1.5%), effectively giving you a $150 bonus.

Bonus points:

  • Travel with confidence: Protection for physical damage and theft to most rental vehicles.
  • Shopping convenience: Complimentary ShopRunner membership for free unlimited two-day shipping and free returns at over 140 online stores.

Kristie Kwok

Kristie Kwok is a finance content writer with in-depth knowledge of the banking industry from her previous work experience in banks such as UBS, Lloyds Banking Group and Royal Bank of Scotland. She is a qualified accountant with a Bachelor of Commerce degree, specializing in Accounting and Finance.

Источник: https://bestcreditcards.com/cash-back/

What really sets a cash back credit card apart from other cards is the ability to earn dollars for daily spending. But with so many options, it can be hard to narrow down which are the best cash back credit cards on the market and which one might be right for you. Check out our top picks for the best cash back credit cards.

Cash back credit cards make it incredibly easy to earn rewards. Instead of points that you have to figure out how to redeem or might not be able to redeem for things you want — you can earn back real money.

Some cash back cards offer flat cash rates, while other cards earn higher cash back rewards across rotating categories like dining, groceries, gas and other common purchases. The competition among credit card issuers remains fierce, as more credit card customers continue to trade their usual credit cards for better rewards programs, according to the J.D. Power 2019 U.S. Credit Card Satisfaction Study. The 2019 study also finds that 36% of cardholders say they don’t fully understand the rewards available to them, making it apparent that cardholders benefit from better education regarding their benefits.

“The average credit card customer today has roughly 16 different benefits available, yet only about one-third of customers say they completely understand all of the benefits available to them,” said John Cabell, director of wealth and lending intelligence at J.D. Power.

Who should get it

If you spend a lot on gas, groceries, or have a large family, the Blue Cash Preferred® Card from American Express is an excellent choice — spending just $60 a week at U.S. supermarkets could earn over $180 cash back per year. It also earns 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%) and 6% on select U.S. streaming subscriptions and 3% cash back at U.S. gas stations and on transit.

How to use it

Use this card when you’re grocery shopping and filling up your tank to maximize your earnings. Earn a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months, and redeem your rewards as statement credits that can be applied to any purchase you make.

Consider this

  • Annual fee of $95 ( See Rates & Fees ).
  • American Express isn’t as widely accepted as cards in the Visa or Mastercard networks.
  • $25 minimum redemption for cash back.

Why you’ll love it

The Blue Cash Preferred® Card from American Express’ extremely high-rate rewards make it a first-rate choice for frequent shoppers or large families. Earn a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.

Who should get it

The Chase Freedom Unlimited® ideal for cardholders who are happy with 1.5% cash back on all purchases, earning points that don’t expire. That means you can be extremely flexible in how you redeem rewards, and you don’t have to worry about rotating bonus categories.

How to use it

The Chase Freedom Unlimited® is great for everyday spending, helping you rack up extra points on purchases that don’t fit into a specific bonus category.

Consider this

  • No category bonus options.
  • Foreign transaction fee.
  • Assesses a balance transfer fee.

Why you’ll love it

With Chase Freedom Unlimited®, you can earn unlimited 1.5% cash back on all purchases. With no annual fee, it’s a card you can keep open for many years without paying a penny for it, and rewards never expire as long as the account remains open.

Pro tip: If you like to keep your rewards structure simple, Chase Freedom Unlimited® is easy to use and will give you consistent rewards.

Capital One Quicksilver Cash Rewards Credit Card

Who should get it: The Capital One Quicksilver Cash Rewards Credit Card will quickly become your go-to card for cash back rewards. With a simple rewards structure and no annual fee, you can cash in on your everyday expenses no matter where life takes you.

How to use it: You can earn unlimited 1.5% cash back on all purchases with the Capital One Quicksilver Cash Rewards Credit Card. There is no cap to the amount of rewards you can earn on purchases, and your cash back can be automatically applied as a statement credit when it reaches a specific amount ($25, $50, $100 or $200) through Capital One’s auto-redemption feature.

Why you’ll love it:

No matter how often you use the Capital One Quicksilver Cash Rewards Credit Card, it will earn you 1.5% cash back on every purchase. Plus, there aren’t any rotating bonus categories or annual fees to worry about.

Things to consider:

  • Other cards have longer 0% APR intro periods.
  • No category bonus options.
  • Requires good to excellent credit.

Discover it® Cash Back

Who should get it: The Discover it® Cash Back is ideal for cardholders looking for an easy-to-earn sign up bonus with no minimum spending requirement and the ability to earn more rewards with rotating bonus categories.

How to use it: With the Discover it® Cash Back, you can earn up to 5% cash back each quarter at various places including grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases..

Why you’ll love it:

The Discover it® Cash Back doesn’t have a spending requirement for its sign up bonus. For new cardmembers, you’ll automatically get a dollar-for-dollar match at the end of your first year.

Things to consider:

  • Limit on how much you can earn.
  • Rotating bonus categories require activation.
  • Discover isn’t as widely accepted as cards in the Visa or Mastercard network.

Pro tip: The Discover it® Cash Back is the crown jewel of the Discover it cards, matching all the cash back you’ve earned at the end of your first year.

What does cash back mean?

Credit card cash back refers to the rewards program offered by certain credit cards that allows you to earn a percentage of “cash” back on your purchase. This usually ranges from 1% to 6%, depending on the card.

If you’re trying to receive cash from an ATM, bank teller, or convenience check with your credit card then that’s actually considered a cash advance. In those cases, you’ll need to contact your card’s customer service center to set up a PIN number. Once you have a PIN, you can withdraw money from your credit card as you would a debit card.

How do cash-back credit cards work?

Depending on the structure of your card’s rewards program, you’ll earn a certain percentage back (usually 1% to 6%) on purchases you make with your cash back rewards card. The cash back you receive from your purchases will show up on your next credit card statement and your online account.

Once your cash back rewards hit your account, you can redeem them in a few different ways. The simplest is to lower your monthly credit card bill with a statement credit. So if your credit card bill is $500 for the month, and you earned 5% cash back on all of it, you could redeem that $25 toward your balance, and you’d only have $475 left to pay.

But if you want actual cash back, you can usually have the cash rewards deposited directly into your bank account, or even receive a paper check in the mail.

Some of the best cash back credit cards also allow you to redeem your cash back rewards as gift cards.

Other credit cards allow you to donate your points to charity. One caveat to keep in mind, though: A lot of credit cards take a small (roughly 2%) interchange fee from money going to a charity. So if you’re paying a charity with your credit card, not all of it will actually get to the nonprofit, in case that affects your decision.

What credit card gives the most cash back?

Your spending habits will determine which cash back card is the best for you, but here are a few popular spending categories and the top credit cards that fall under those clusters:

  • U.S. supermarkets and U.S. gas stations:Blue Cash Preferred® Card from American Express – 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 3% Cash Back at U.S. gas stations. 1% Cash Back on other purchases.

Three types of cash back cards

Cash back credit cards come in three varieties: flat-rate, bonus category and tiered. No single cash back card is a good fit for everyone. Make your choice based on how you spend money.

  • Flat-rate cash-back cards: Unlimited, flat-rate rewards on all purchases (between 1-2%) card, but you have the flexibility of using whenever, and however you want.
  • Tiered cash-back cards: Rewards in specific categories, often with an earning limit, and a lower rate (usually 1%) on all other purchases.
  • Bonus category cards: High-rate rewards (5-6%) on spending categories that change periodically, and a lower rate on all other purchases (usually 1%).

Pros and cons of cash back credit cards

ProsCons
They’re easy to understand.
It’s easy to keep up with how much you’ve earned and what your rewards are worth, because you don’t have to convert a point or mile into the equivalent cash value.
Not everyone will qualify, based on creditworthiness.
The best cash back credit cards usually require a “good” FICO credit score – 700 or more.
Easy to redeem cash back.
Redeeming cash back is as simple as connecting your bank account for a direct transfer. Gift cards and statement credits are also options. (It’s important to note that some cards have a minimum redemption requirement.)
Chasing signup bonuses.
Cards with sign up bonuses generally have a minimum spending requirement. It can be tempting to spend more than you can afford to earn the bonus, resulting in a monthly balance and interest charges.
A wide range of bonus categories.
Some cash back cards earn high-rate rewards on categories that rotate throughout the year. Others earn unlimited flat-rate cash back on all types of purchase.
Tracking bonus categories.
Keeping track of rotating bonus categories takes discipline. If you prefer keeping things simple, consider a flat-rate cash back card..

Points vs. cash back: which is better?

The points versus cash back debate is ongoing, and it’s important to take each into consideration when choosing a rewards credit card. Both exemplify strengths and weaknesses – cash back is flexible and the rewards come in dollars, whereas points might help pay for that next vacation, and sometimes, offer a higher reward value per dollar spent.

Unfortunately, more than one-third of credit card customers do not understand rewards programs, according to the J.D. Power 2019 U.S. Credit Card Satisfaction Study. Credit card customers who fully understand how to earn and redeem rewards spend an average of $307 more per month than those who do not fully understand their rewards ($1,291 vs. $984, respectively). Despite this, 36% of credit card customers say they do not fully understand the rewards available to them.

If you’re stuck between a rewards credit card that focuses on points or a cash back credit card, your decision will come down to your lifestyle and which one you find more valuable.

What is rotating cash back?

There are strategies you can use to win even more cash back rewards. If you have a credit card with rotating bonus categories.

Rotating bonus categories change every quarter, and can apply to a variety of different stores and services including gas stations, tolls, drugstores, grocery stores, home improvement stores streaming services, Uber and Lyft purchases, restaurants and more.

For example, if gas stations are the category for a certain quarter, you want to make sure every dollar you spend on gas is with your credit card. If it’s groceries, it may be best to do your grocery shopping with the credit card in that quarter – and possibly even stock up on some nonperishable items you know you’ll use if you’re approaching the end of the quarter and haven’t maxed out the bonus yet.

If paying attention to the rotating categories sounds like too much work and not all fun, then you may be better off with a credit card like Capital One Quicksilver Cash Rewards Credit Card or , which doesn’t have rotating fees. You just earn 1.5% back on everything, no matter what.

How do I redeem cash back?

Redemption options vary from card to card. It’s important to remember that some of the best cash back cards have limits on how much you must redeem, and when you can redeem it — but here are the most common methods for redeeming rewards:

  • Bank deposit: All the cash back that you earn goes straight into a checking or savings account.
  • Statement credit: This form of cash back is only applied to your credit card balance — you can’t spend it anywhere else.
  • Gift cards: Some credit cards offer cash back in the form of physical gift cards or eCertificates for popular retailers and
    merchants.
  • Charitable donations: Other cards offer you the opportunity to donate your earnings to charities and disaster relief programs.

It’s important to remember that some of the best cash back cards have limits on how much you must redeem, and when you can redeem it.

Does it make sense to pay an annual fee?

Applying for a credit card with an annual fee doesn’t always make sense. If your spending habits don’t align with its reward structure, you might net a loss — even if you earn the signup bonus.

Can I get my interest rate lowered on my credit card?

Your credit card interest rate isn’t written in stone. In face, 69% of people who asked their issuer for a break got a lower rate.

If you pay your balance in full every month (which we highly recommend), interest rates don’t matter. But if you’re trying to pay down debt, asking for a lower rate could save a significant amount of money in the long run.

Before you call, look for better offers from other lenders that you can use as leverage. If you get a “no” the first time, don’t give up. Instead, ask to speak to a manager and try again.

Please Note: Information about the Discover it® Cash Back and Blue Cash Preferred® Card from American Express have been collected independently by TheSimpleDollar.com. The issuer did not provide the details, nor is it responsible for their accuracy.

For rates and fees of the Blue Cash Preferred® Card from American Express, please click here

Editorial Note: Compensation does not influence our recommendations. However, we may earn a commission on sales from the companies featured in this post. To view our disclosures, click here. Opinions expressed here are the author’s alone, and have not been reviewed, approved or otherwise endorsed by our advertisers. Reasonable efforts are made to present accurate info, however all information is presented without warranty. Consult our advertiser’s page for terms & conditions.

Andy Bowen joined The Simple Dollar in 2014 to help people in every state find the right car insurance. Now, he writes about everything personal finance while aggressively paying off his student debt with side hustles, trimming his budget, and racking up rewards points for family trips to Disney. You can find his work on Engadget, AOL, Bankrate, Reviews.com, and AskAudio.

Источник: https://www.thesimpledollar.com/credit-cards/cash-back/best-cash-back-credit-cards/

Christmas shopping: check out the best ways to pay

Buying festive gifts used to be so simple but the march of technology, Covid and other factors have shaken things up and led to a dizzying array of payment options.

Buy something on the fashion website Boohoo, for example, and you can choose from seven ways to check out: credit and debit cards, PayPal, Amazon Pay and four different “buy now, pay later” companies.

But in some cases, payment methods are being taken away. Earlier this month Amazon announced it is banning people from using UK Visa credit cards from 19 January. And when it comes to physical shops, Covid transmission worries mean some are steering clear of notes and coins.

Here, we look at the pros and cons of different payment methods.

Credit cards

One big plus is that you usually get up to 56 days’ interest-free credit from the moment of purchase. However, some providers are offering new customers 0% interest on purchases for up to 23 months. Some credit card holders never pay any interest because they settle up in full each month.

Using a credit card for large purchases offers protections if things go wrong

Using a credit card for large purchases offers protections if things go wrong. Under section 75 of the Consumer Credit Act, if a retailer goes out of business or fails to deliver goods as promised and the items cost £100-£30,000, the credit card company is “jointly and severally liable”. So if you buy a big item and the retailer goes bust, the card company should cover the cost.

On top of that, some credit cards offer decent rewards such as cashback, air miles or money-off vouchers. American Express’s Platinum Cashback Everyday card is currently offering new customers 5% cashback on purchases for the first three months (up to £100).

But, as the government’s MoneyHelper website says, if you only make the minimum payments or run up a bill you can’t pay back, “credit cards can be costly and can lead to a spiral of debt”. Many charge more than 20% interest. You could also damage your credit score.

Debit cards

With these, the money comes directly out of your bank account. The protection you enjoy isn’t as good as that offered by credit cards, although some banks offer something called chargeback, which means they might be able to get some or all your money back if there’s a problem.

Some banks offer rewards linked to spending: for example, the new digital bank Chase is offering its current account holders 3% cashback on Amazon.co.uk spending until 31 December. It was already offering 1% cashback on all eligible debit card spending for 12 months.

Store cards

These are a form of credit you can only use to pay for items at a particular retailer or group. There are still a few around offered by retailers such as Argos. The interest rates are often quite high: the Argos one has a representative APR of 34.9%, for example.

Buy now, pay later

These services let you delay payment for an item, with no interest or charges – unless you fail to pay back on time, at which point some firms impose late fees.

The three main BNPL firms are Klarna, Clearpay and Laybuy. Klarna lets shoppers “pay in 3”, where the cost is split into three equal interest-free payments, the first taken immediately and the next two 30 and 60 days later, or they can pay in 30 days’ time. With Clearpay you can pay in four fortnightly instalments, and with Laybuy it’s six weekly instalments. PayPal and the digital bank Monzo have also launched their own BNPL services.

Klarna doesn’t impose late fees but some others such as Clearpay do. There have been claims that those falling behind with their payments are experiencing more than just debt – some say they have seen their credit score drop, while others believe they have been rejected for loans after missing repayments.

PayPal

Lots of big and small retailers, including John Lewis and Marks & Spencer, allow people to pay online via PayPal. It offers a “buyer protection” scheme covering all eligible purchases that entitles you to reimbursement of the full price plus shipping costs when you don’t receive your item or it isn’t what you ordered. However, even if your PayPal account is attached to your credit card you will lose out on the, arguably stronger, safeguards offered by section 75.

Some retailers have Zettle payment terminals, which allow people to pay in-store with PayPal via QR codes.

Apple Pay

You can use this to buy items in shops, on the web and in apps – you just add a credit, debit or prepaid card to the Wallet app on your iPhone. You can add your card(s) to other Apple devices (Apple Watch, Mac, iPad) you want to use with Apple Pay. Devotees like the fact that Face ID, Touch ID or your passcode are required for purchases, making it arguably more secure than using a physical card, and that your card number isn’t stored on your device or on Apple’s servers, or shared by Apple with retailers. It works in any physical outlet that takes contactless, and you can use it to pay online in Safari or within apps when you see it listed as an option.

Google Pay

This has a lot of similarities to Apple Pay. It lets you make purchases in stores and on websites and apps. You download the app and add a payment method such as a credit card. If a physical store accepts contactless, you can pay with your phone. In apps and on websites you can pay wherever you see the logo. When you pay in stores, Google Pay doesn’t share your card number.

Amazon Pay

If you have an Amazon account, you can use this service wherever you see the Amazon Pay button, which includes the online checkouts of many retailers. It uses the information and payment methods stored in your Amazon account. And you can use Alexa to pay by voice. It says eligible purchases of physical goods are protected by its “A-to-Z guarantee”.

But campaigners have long urged shoppers to boycott Amazon over its tax avoidance, among other things.

Interest-free credit

This lets you spread the cost over a set period (which might be as little as three months or as long as five years) via monthly payments. That’s all fine if you stay up to date with your repayments, but if you don’t, you could be hit with interest and additional fees, and your debt could mount up rapidly.

Cash

Notes and coins are still hanging on in there despite the UK seemingly hurtling towards becoming a cashless society. Pluses include the fact that you can’t go into the red, you know exactly what you have spent, and there are no hidden fees or interest. However, some places have stopped taking cash or never did in the first place.

Источник: https://www.theguardian.com/money/2021/nov/27/christmas-shopping-best-ways-to-pay-credit-cards-klarna

If you’re looking for a new cash back credit card, you’re in the right place.

When it comes to the perks of a credit card, cash back is king. Years ago, 1% was the standard offer. As competition has intensified, you’re now seeing more and more cards that offer 1.5% cash back on all purchases as well as special tiers for certain categories of purchases.

The sign-up bonuses have also become bigger and more competitive as issuers look to win a coveted space in your wallet. A sign-up bonus for a hundred dollars or more is common nowadays.

Before you get a new cash back credit card, be sure to check our list to make sure you’re getting the best offer.

In our list, we explain the cash back structure of each card, the sign-up bonus if there is one, as well as other introductory offers, fees, and perks worth knowing. We also explain why we included in our list because not every cash back card is worth being included.

You’ll want to make sure your credit score is in good shape because issuers tend to approve those with good credit or better.

Here’s the list of the best cash back credit cards:

Wells Fargo Cash Wise Visa Card – 1.5% + $150

Wells Fargo Cash Wish VisaUnlimited 1.5% cash back is where the bar has been set and the Wells Fargo Cash Wise Visa Card offers just that – no rotating categories, no activation, and no hoops. You earn 1.5% on all purchases with no limit. Also, in the first twelve months, you get unlimited 1.8% cash back on digital purchases made with Apple Pay and Android Pay.

The card also offers a juicy $150 welcome bonus when you spend $500 in the first three months of account opening with no annual fee.

The cash back is a little interesting because you can withdraw it from a Wells Fargo ATM as soon as you hit $20 in cash back. Once you get above $25, you can get it via check, statement credit, or a deposit into a Wells Fargo bank account. I’m not sure why it’s set up that way but it’s just a $5 difference.

  • Sign-up Bonus: $150 welcome bonus when you spend $500 in the first three months of account opening
  • Cash Back Rate: unlimited 1.5% cash back credit card on all purchases
  • Introductory Offers: Intro APR for 15 months on purchases and balance transfers
  • Fees: $0 annual fee, 3% foreign transaction fee.
  • Extra Perks & Protections: This card has a cell phone protection plan (up to $600 per incident and $1200 annual) as well as travel insurance-like coverage for lost/damaged luggage.

Why we like this card: It’s a simple solid cash back card with no rules to confuse you – get an unlimited 1.5% cash back on every purchase. The $150 welcome bonus on just $500 of spending over three months is a nice bonus. Full review on the Wells Fargo Cash Wise Card here.

Learn more about this card and others

Capital One Quicksilver® Cash Rewards Credit Card – 1.5% unlimited + $200 Cash Back

Capital One Quicksilver Cash Rewards Credit CardThe Capital One Quicksilver Cash Rewards Credit Card gives you unlimited 1.5% cashback on every purchase and a sign-up bonus of $200 Cash Back after you spend $500 on purchases within 3 months from account opening.

Capital One says you need Excellent credit to qualify for this card, which is the only potential hiccup about this great cash back card.

  • Sign-up Bonus: $200 Cash Back after you spend $500 on purchases within 3 months from account opening
  • Cash Back Rate: 1.5% cashback on every purchase
  • Introductory Offers: 0% intro APR on purchases and balance transfers for 15 months
  • Fees: $0 annual fee and no foreign transaction fees.
  • Extra Perks & Protections: Auto rental collision damage waiver, Roadside assistance, travel accidental insurance, and extended warranty protections.

Learn more about this card and others

Chase Freedom Unlimited – 1.5% unlimited + $200

Chase Freedom Unlimited CardThe Chase Freedom Unlimited card is a $0 annual fee cash back credit card that is part of a solid group of cash back credit cards. You get 5% on travel purchases through Chase Ultimate Rewards, 3% at drug stores and dining, plus 1.5% cash back on all other purchases. Oh, you also get 5% cash back on grocery store purchases (not including Target or Walmart) on up to $12,000 spent in the first year.

It has a sign-up bonus of $200 after you spend $500 on purchases in your first three months.

The cash back you earn is in the form of Chase Ultimate Rewards points and you can redeem them for gift cards, merchandise, and “cash equivalents.” If you want cash, you can get cash (statement credits, bank deposit).

  • Sign-up Bonus: You earn a $200 after you spend $500 on purchases in your first three months
  • Cash Back Rate: 5% on travel purchases through Chase Ultimate Rewards, 3% at drug stores and dining, plus 1.5% cash back on all other purchases. Oh, you also get 5% cash back on grocery store purchases (not including Target or Walmart) on up to $12,000 spent in the first year
  • Introductory Offers: 0% Introductory APR for 15 months on purchases
  • Fees: $0 annual fee.
  • Extra Perks & Protections: This card offers purchase protection as well as a free credit score with Chase Credit Journey.

Why we like this card: Great baseline cashback percentage and a $200 bonus, not bad and similar to our previous card, the Wells Fargo Cash Wise Card.

Learn more about the Chase Freedom Unlimited Card

Chase Freedom Flex- cashback bonus categories + $200

The Chase Freedom Flex Card offers 1% on all other purchases. It also offers 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter (must be activated), 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year, and 5% on Chase travel purchased through Ultimate Rewards, 3% on dining and drugstores..

What’s nice is the card has a great sign-up bonus – get $200 after $500 in purchases in the first 3 months. If you aren’t a heavy spender, this card’s bonus and cash back rate may be a good fit for you.

As is the case with most Chase card, the cash back is in the form of points that you can redeem in the Chase Ultimate Rewards portal. You can convert it to gift cards, merchandise, and “cash equivalents.” (statement credits, bank deposit)

  • Sign-up Bonus: Get a $200 after $500 in purchases in the first 3 months.
  • Cash Back Rate: Earn 1% on all other purchases. Also, 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter (must be activated), 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year, and 5% on Chase travel purchased through Ultimate Rewards, 3% on dining and drugstores..
  • Introductory Offers: 0% Introductory APR for 15 months on purchases.
  • Fees: $0 annual fee.
  • Extra Perks & Protections: This card offers purchase protection, price protection, as well as a free credit score with Chase Credit Journey.

Why we like this card: It’s the easiest to get bonus we’ve seen, you get $200 after $500 in purchases in the first 3 months, and you get a great cashback bonus schedule. (alternatively, here’s how it compares with the Chase Freedom Unlimited card)

Learn more about the Chase Freedom Flex Card

Capital One SavorOne Cash Rewards – 3% dining, 2% grocery + $200 Cash Back

Capital One Savor One CardThe Capital One SavorOne Cash Rewards is the card for people who like to eat. You can earn an unlimited 3% cash back on dining and entertainment as well as 2% at grocery stores. You earn an unlimited 1% on everything else – nothing to activate too, you get this all year.

You also get a great sign-up bonus of $200 Cash Back after you spend $500 on purchases in the first three months. There is a $200 Cash Back annual fee that is waived for the first year.

  • Sign-up Bonus: $200 Cash Back after you spend $500 on purchases in the first three months
  • Cash Back Rate: 3% Cash Back on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart and Target, plus 1% Cash Back on all other purchases
  • Introductory Offers: 0% intro APR on purchases and balance transfers for 15 months
  • Fees: $200 Cash Back annual fee, waived for the first year. No foreign transaction fees.
  • Extra Perks & Protections: Auto rental collision damage waiver, lost luggage coverage, travel accident insurance, and extended warranty protections.

Why we like this card: One of the highest cash back rates for dining and entertainment, plus a solid welcome offer.

Learn more about this card and others

Blue Cash Preferred from American Express

Blue Cash Preferred from American ExpressThe Blue Cash Preferred® Card from American Express has recently updated its cashback structure to offer one of the highest percentages we’ve seen for a non-promotional offer – 6% at supermarkets with a $6,000 per year in spending limit.

Here’s the full list of cashback tiers on this card:

  • 6% cashback at supermarkets on $6,000 per year in spending,
  • 3% cashback at gas stations with no limit,
  • 3% cashback on transit (ground transportation only),
  • 6% cashback on select US streaming (Spotify, Netflix, Hulu, HBO, ShowTime, Pandora, Apple Music, Amazon Music or Video but not Amazon Prime – see the American Express website for full detailed list),
  • 1% on everything else with no limit.

There’s also a $300 statement credit after you spend $3,000 in purchases in the first 6 months – which is a really juicy welcome bonus.

  • Sign-up Bonus: $300 statement credit after you spend $3,000 in purchases in the first 6 months
  • Cash Back Rate: Tiered cashback rate explained above, but minimum is 1% cash back with no limit.
  • Introductory Offers: Intro APR on purchases for 12 months from the date of account opening
  • Fees: $95 annual fee, $0 introductory annual fee for one year. See Rates and Fees
  • Extra Perks & Protections: American Express’s suite of perks and protections, which you can see here.

Why we like this card: 6% on supermarkets, 3% at gas stations with no limit and 1% on everything else is a great cashback card. The only (potential) drawback is the $300 statement credit annual fee after the first year’s waiver – but you make up for it with the potential $360 in annual cashback you can earn from supermarket shopping.

Compare this card and others

Citi Double Cash Card – Up to 2% cashback

The Citi Double Cash Card is a 2% cash back credit card where you get 1% cash back when you buy and 1% cash back when you pay the statement. It’s tiered but in a way that makes no difference to someone who pays off their statements in full. If you don’t, it’s only a 1% cash back card until you pay the balance. If you carry a balance, you can still get the second 1% but you have to pay at least the minimum each month.

  • Sign-up Bonus: $300 statement credit.
  • Cash Back Rate: 6% on supermarkets, 3% at gas stations with no limit and 1% on everything else.
  • Introductory Offers: Intro APR on purchases for 12 months from the date of account opening.
  • Fees: $95 annual fee. 3% foreign purchase transaction fee.

Why we like this card: If you pay off your balance in full each month, this is a 2% cashback card with no limit and no annual fee. You have to redeem the cashback but that’s a small step to take for a 2% card. The only drawback is that there is no sign-up bonus.

Which card looks most appealing to you?

To see the rates and fees for the American Express cards featured, please visit the following links: Blue Cash Preferred(R) Card from American Express: See Rates and Fees

Источник: https://wallethacks.com/best-cash-back-credit-cards/
This page is a marketplace where our partners can highlight their current card offers. The reviews and insights represented are editorial, but the order in which cards appear on the page may be influenced by compensation we may receive from our partners.

For many, cash back is king. With the right card, you can earn money back on where you spend the most — whether that be the grocery store, on takeout or gas. Here are the top cash-back credit cards from our partners that you can use to maximize your everyday purchases. As always, check out our best credit cards overall for monthly offers.

Terms & restrictions apply.See rates & fees

Best for gas, supermarkets, and select streaming services cash back in the U.S.

1 - 6% cash-back

  • 6% 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
  • 6% 6% Cash Back on select U.S. streaming subscriptions
  • 3% 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more
  • 3% 3% Cash Back at U.S. gas stations
  • 1% 1% Cash Back on other purchases

$300

$300

$0 introductory annual fee for the first year, then $95.

670-850

Excellent, Good

670-850

Excellent, Good

Why we chose it

The Blue Cash Preferred Card is one of the best cash-back credit cards on the market. You’ll get a great return across a wide range of bonus categories, a solid welcome bonus and a low annual fee.

Pros

  • This card has one of the best earning structures out for among cash-back credit cards.
  • $0 intro annual fee for the first year, then $95
  • The card comes with access to Amex Offers (activation required), which can save you even more money on specific purchases.

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with large grocery budgets.
  • You’ll have to pay a foreign transaction fee on international purchases, so it’s not a great choice when you’re traveling abroad.
  • Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.
  • See Rates & Fees

Pros

  • This card has one of the best earning structures out for among cash-back credit cards.
  • $0 intro annual fee for the first year, then $95
  • The card comes with access to Amex Offers (activation required), which can save you even more money on specific purchases.

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with large grocery budgets.
  • You’ll have to pay a foreign transaction fee on international purchases, so it’s not a great choice when you’re traveling abroad.
  • Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.
  • See Rates & Fees

Terms & restrictions apply.See rates & fees

BEST REWARDS RATE FOR A CASH-BACK CARD

2% cash-back

  • 2% Earn unlimited 2% cash rewards on purchases

$200 cash rewards

$200 cash rewards

670-850

Excellent, Good

670-850

Excellent, Good

Why we chose it

If you’re interested in opening a cash-back card but are confused by other options that discuss “rotating categories” or “spending limits,” make your life easier with the Wells Fargo Active Cash card. Earn 2% cash rewards on every purchase and turn your rewards into cash-back that can help you lower your everyday expenses or treat yourself to a gift — from you, to you.

Pros

  • There’s no annual fee, meaning that you can keep your costs low while focusing on earning rewards

Cons

  • Don’t take this card abroad with you, as this card incurs a 3% foreign transaction fee
  • New! Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months
  • Earn unlimited 2% cash rewards on purchases
  • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 14.99% to 24.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5
  • $0 annual fee
  • No category restrictions or sign ups and cash rewards don't expire as long as your account remains open
  • Enjoy a premium collection of benefits at a selection of the world's most intriguing and prestigious hotel properties with Visa Signature Concierge
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Active Cash℠ Card
  • Select "Apply Now" to learn more about the product features, terms and conditions

Pros

  • There’s no annual fee, meaning that you can keep your costs low while focusing on earning rewards

Cons

  • Don’t take this card abroad with you, as this card incurs a 3% foreign transaction fee
  • New! Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months
  • Earn unlimited 2% cash rewards on purchases
  • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 14.99% to 24.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5
  • $0 annual fee
  • No category restrictions or sign ups and cash rewards don't expire as long as your account remains open
  • Enjoy a premium collection of benefits at a selection of the world's most intriguing and prestigious hotel properties with Visa Signature Concierge
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Active Cash℠ Card
  • Select "Apply Now" to learn more about the product features, terms and conditions

1.5 - 5% cash-back

  • 5% 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 5% 5% on travel purchased through Chase Ultimate Rewards®.
  • 3% 3% cash back on dining at restaurants, including takeout and eligible delivery services and on drugstore purchases.
  • 1.5% Unlimited 1.5% cash back on all other purchases.

$200

$200

670-850

Excellent/Good

670-850

Excellent/Good

Why we chose it

The Chase Freedom Unlimited is a surprisingly powerful card that earns at least 1.5% back on everything. However, it becomes a standout card if you pair it with a card that earns transferable Ultimate Rewards points, doubling their potential value.

Pros

  • At least 1.5% back on every purchase, with up to 3% back on select categories.
  • There is no annual fee - Perfect for everyday, non-bonused spending - incredible value when paired with a premium Chase card.

Cons

  • There is a foreign transaction fee so the card shouldn't be used abroad.
  • Limited card perks and benefits.
  • $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 3% cash back on dining at restaurants, including takeout and eligible delivery services
  • 3% cash back on drugstore purchases
  • 5% on travel purchased through Chase Ultimate Rewards®
  • Unlimited 1.5% cash back on all other purchases
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 14.99% - 24.74%.
  • No annual fee.

Pros

  • At least 1.5% back on every purchase, with up to 3% back on select categories.
  • There is no annual fee - Perfect for everyday, non-bonused spending - incredible value when paired with a premium Chase card.

Cons

  • There is a foreign transaction fee so the card shouldn't be used abroad.
  • Limited card perks and benefits.
  • $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 3% cash back on dining at restaurants, including takeout and eligible delivery services
  • 3% cash back on drugstore purchases
  • 5% on travel purchased through Chase Ultimate Rewards®
  • Unlimited 1.5% cash back on all other purchases
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 14.99% - 24.74%.
  • No annual fee.

BEST FOR FLAT-RATE CASH BACK

1.5% cash-back

  • 1.5% Earn unlimited 1.5% cash back on every purchase, every day

$200

$200

670-850

Excellent, Good

670-850

Excellent, Good

Why we chose it

The Capital One Quicksilver Cash Rewards Credit Card is a decent option for those in need of a straightforward cash back card. However, there are other options that offer more flexibility to redeem your rewards.

Pros

  • Unlimited 1.5% cash back on all purchases
  • No annual fee
  • Cash back doesn't expire

Cons

  • Limited card perks and benefits
  • Other cards offer more potential and upside when it comes to redeeming cash back
  • One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases and balance transfers for 15 months; 14.99%-24.99% variable APR after that
  • $0 annual fee and no foreign transaction fees

Pros

  • Unlimited 1.5% cash back on all purchases
  • No annual fee
  • Cash back doesn't expire

Cons

  • Limited card perks and benefits
  • Other cards offer more potential and upside when it comes to redeeming cash back
  • One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases and balance transfers for 15 months; 14.99%-24.99% variable APR after that
  • $0 annual fee and no foreign transaction fees

1 - 5% cash-back

  • 5% Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter.
  • 1% Earn unlimited 1% cash back on all other purchases.

$200

$200

670-850

Excellent, Good

670-850

Excellent, Good

Why we chose it

The Citi Custom Cash is the most flexible cash-back card on the market, allowing you to earn 5% back on your top eligible spend category on up to $500 spent each billing cycle.

Pros

  • 5% cash-back rewards on your top eligible spend category on up to $500 spent each billing cycle.
  • No annual fee.
  • $200 cash-back bonus after spending $750 or more in the first three months of account opening.

Cons

  • Maximum $500 on top eligible spend category each billing cycle, then 1%.
  • 3% foreign transaction fee.
  • Earn $200 in cash back after you spend $750 on purchases in the first 3 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
  • 0% Intro APR on balance transfers and purchases for 15 months. After that, the variable APR will be 13.99% - 23.99%, based on your creditworthiness.
  • Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases.
  • No rotating bonus categories to sign up for – as your spending changes each billing cycle, your earn adjusts automatically when you spend in any of the eligible categories.
  • No Annual Fee
  • Citi will only issue one Citi Custom Cash℠ Card account per person.

Pros

  • 5% cash-back rewards on your top eligible spend category on up to $500 spent each billing cycle.
  • No annual fee.
  • $200 cash-back bonus after spending $750 or more in the first three months of account opening.

Cons

  • Maximum $500 on top eligible spend category each billing cycle, then 1%.
  • 3% foreign transaction fee.
  • Earn $200 in cash back after you spend $750 on purchases in the first 3 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
  • 0% Intro APR on balance transfers and purchases for 15 months. After that, the variable APR will be 13.99% - 23.99%, based on your creditworthiness.
  • Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases.
  • No rotating bonus categories to sign up for – as your spending changes each billing cycle, your earn adjusts automatically when you spend in any of the eligible categories.
  • No Annual Fee
  • Citi will only issue one Citi Custom Cash℠ Card account per person.

Terms & restrictions apply.See rates & fees

Best for beginner cash back

1 - 3% cash-back

  • 3% 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% 2% cash back at U.S. gas stations and at select U.S. department stores.
  • 1% 1% Cash Back on other purchases

$200

$200

670-850

Excellent, Good

670-850

Excellent, Good

Why we chose it

The Blue Cash Everyday card is a good option for people who want a simple cash-back structure with no annual fee. You’ll earn bonus cash-back on popular bonus categories, including U.S. supermarkets and U.S. gas stations.

Pros

  • 3% cash back at U.S. supermarkets
  • No annual fee.
  • Unlimited 2% cash back at U.S. gas stations and select U.S. department stores.
  • Amex Offers, which earn you statement credits or extra points on purchases with a wide variety of merchants. (Enrollment required)

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with larger annual grocery spend.
  • You’ll have to pay a foreign transaction fee on purchases abroad, so it’s not a great choice to take with you when traveling outside of the U.S.
  • Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 15 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%.
  • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% Cash Back at U.S. gas stations and at select U.S. department stores.
  • 1% Cash Back on other purchases.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits.
  • No annual fee.
  • Terms Apply.
  • See Rates & Fees

Pros

  • 3% cash back at U.S. supermarkets
  • No annual fee.
  • Unlimited 2% cash back at U.S. gas stations and select U.S. department stores.
  • Amex Offers, which earn you statement credits or extra points on purchases with a wide variety of merchants. (Enrollment required)

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with larger annual grocery spend.
  • You’ll have to pay a foreign transaction fee on purchases abroad, so it’s not a great choice to take with you when traveling outside of the U.S.
  • Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 15 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%.
  • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% Cash Back at U.S. gas stations and at select U.S. department stores.
  • 1% Cash Back on other purchases.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits.
  • No annual fee.
  • Terms Apply.
  • See Rates & Fees

Best for online cash back

1 - 3% cash-back

  • 3% Earn 3% cash back in the category of your choice (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases).
  • 2% Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases).
  • 1% Earn unlimited 1% on all other purchases.

$200

$200

670-850

Excellent/Good

670-850

Excellent/Good

Why we chose it

The Bank of America Cash Rewards is a solid cash-back card with the potential to offer lucrative rewards for smaller budgets. If you’re a Preferred Rewards member, you can earn 25 to 75% more cash back on every purchase.

Pros

  • Flexible earning structure (3% cash back in the category of your choice and 2% at grocery stores and wholesale clubs.
  • No annual fee or expiration on rewards.
  • $200 online cash-rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.

Cons

  • Maximum $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then 1%.
  • 3% foreign transaction fee.
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
  • Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
  • If you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase. That means you could earn up to 5.25% cash back on purchases in your choice category.
  • No annual fee and no expiration on rewards
  • 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 13.99% - 23.99% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.
  • Contactless Cards - The security of a chip card, with the convenience of a tap
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

Pros

  • Flexible earning structure (3% cash back in the category of your choice and 2% at grocery stores and wholesale clubs.
  • No annual fee or expiration on rewards.
  • $200 online cash-rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.

Cons

  • Maximum $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then 1%.
  • 3% foreign transaction fee.
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
  • Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
  • If you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase. That means you could earn up to 5.25% cash back on purchases in your choice category.
  • No annual fee and no expiration on rewards
  • 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 13.99% - 23.99% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.
  • Contactless Cards - The security of a chip card, with the convenience of a tap
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Источник: https://thepointsguy.com/credit-cards/cash-back/

Best Cash Back Credit Cards

Millennial Money has partnered with CardRatings and creditcards.com for our coverage of credit card products. Millennial Money, CardRatings and creditcards.com may receive a commission from card issuers. This site does not include all financial companies or financial offers.

Cash back credit cards are a great way to earn rebates on everyday purchases. So long as you manage your money right and don’t overspend, using a cashback card gives you a guaranteed rebate on your everyday purchases—usually 1% to 2%.

While credit card rewards don’t usually top travel rewards cards, they’re easier to understand.

After all, you can usually redeem your cash back rewards as a statement credit, a check-in-the-mail, or direct deposit into your checking account. And let’s be real: who doesn’t like that!?

There are tons of different types of credit cards on the market, each with different benefits, cash back earning rates, and bonus categories—so it’s important to compare what card is right for you.

That’s where we come in. In this article, we’ll take you through the best cashback cards for 2021.

We’ll compare the cards’ rewards earning, interest rates, fees, and other added perks. We’ve also highlighted the card’s welcome bonus.

As you go through the article, do note that you need to have excellent credit (generally a 700+ FICO score) to be approved for any of these cards.

Best Cash Back Credit Cards for 2021

Here are the 18 best cash back credit cards for 2021:

Citi® Double Cash Card

And now it’s time for one of our staff favorites: the Citi Double Cash!

This card offers an awesome 2% cashback on all purchases. 1% is paid out when you make a purchase, and the other 1% is paid when you pay down your card.

There are no bonus categories, but 2% back everywhere is an incredible value—especially considering the $0 annual fee.

Unfortunately, however, the card does not have a welcome bonus. This is disappointing when compared to other cards on this list, but is expected since the card offers such high cash back earning rate.

  • Cashback Earning: 2% on all purchases; 1% when you buy, 1% when you pay
  • Bonus Categories: None
  • Cashback Redemption: Statement credit, direct deposit, check in the mail
  • Welcome Bonus: None
  • Annual Fee: $0

Chase Freedom Unlimited®

With the Chase Freedom Unlimited® card you earn a $200 cash bonus after spending $500 on purchases in your first 3 months of opening the account.

It’s also nice that there is no annual fee to have to deal with every year!

For a limited time, new cardmembers can earn 5% cash back on grocery store purchases (not including Target(R) or Walmart(R) purchases) on up to $12,000 spent in the first year.

You’ll also earn 5% cashback on travel purchased through Chase, 3% on dining and drug stores purchases, and 1.5% cashback on all other purchases.

The Chase Freedom Unlimited card has a 0% intro APR for the first 15 months from opening your account, after that it is a variable 14.99% – 23.74% APR.

  • Cashback Earning: 1.5% on all purchases; 3%-5% opportunities
  • Bonus Categories: Dining, Drug stores, some Travel and Grocery
  • Cashback Redemption: Statement credit, gift cards, and travel
  • Welcome Bonus: $200 after spending $500 in your first 3 months of opening account
  • Annual Fee: $0

Chase Freedom Flex℠

The Chase Freedom Flex℠ credit card is new from Chase, replacing the longstanding Chase Freedom® credit card, and is exactly the same as the Freedom Unlimited, but with a catch.

The card only earns 1% on all purchases, but earns 5% on rotating categories, up to $75 earned.

These categories change quarterly and are usually focused on everyday purchases. For example, the card has offered 5% back at department stores, Chase Pay transactions, and at wholesale clubs like Costco.

The rest of the card—including the $0 annual fee, $200 welcome bonus and intro 5% cash back on groceries offer, 3% cash back on dining, etc—are exactly the same as the Chase Freedom Unlimited.

So assess what is more important to you: 1.5% on all purchases, or 5% on categories?

  • Cashback Earning: 1% on all purchases; 3%-5% opportunities
  • Bonus Categories: 5% (up to $75) on rotating categories; Dining, Drug store, some Travel and Grocery
  • Cashback Redemption: Statement credit, gift cards, and travel
  • Welcome Bonus: $200 after spending $500 in three months
  • Annual Fee: $0

Capital One® Quicksilver® Cash Rewards Credit Card

The Capital One® Quicksilver®Cash Rewards Credit Card earns a flat rate of 1.5% cashback on all purchases with no bonus categories.

However, the Quicksilver is a MasterCard, meaning that it’s accepted at more merchants than its American Express alternative.

Capital One is offering a pretty sweet signup bonus too. New cardmembers will earn $200 in bonus cash back after spending $500 within the first three months of account opening.

This lower spend requirement makes the $200 tangible for even the most modest spenders.

Additionally, the card offers a range of travel and purchase protections that can be huge cash savers. Capital One also has an innovative virtual card number service called Eno that gives you temporary credit card numbers for online shopping.

  • Cashback Earning: 1.5% on all purchases
  • Bonus Categories: None
  • Cashback Redemption: Statement credit
  • Welcome Bonus: $200 after spending $500 in three months
  • Annual Fee: $0

Ink Business℠ Cash Credit Card

This card earns 1% back on all purchases but has a ton of bonus categories.

You’ll earn 2% back (up to $25,000 in purchases per year) at gas stations and restaurants, and 5% back (up to $25,000 in purchases per year) at office supply stores and on internet, cable, and phone bills.

Pretty amazing stuff, right?

You’ll also earn $750 cash back after spending $7,500 in purchases during your first 3 months of being an Ink Business Cash member. That mixed with the bonus categories makes the card one of the best credit cards for business.

  • Cashback Earning:1% on all purchases
  • Bonus Categories: 5% cash back at office supply stores, internet, cable, and phone service (up to $25,000 per year), 2% cash back at gas stations and restaurants (up to $25,000 per year)
  • Cashback Redemption: Statement credit, travel, gift cards
  • Welcome Bonus: $750 after spending $7,500 on purchases in the first 3 months of account opening
  • Annual Fee: $0

Ink Business Unlimited℠

Small business owners have enough to worry about without adding confusing credit card rewards rules to the mix.

That’s why Chase has created this super-simple rewards card which pays a flat 1.5% in rewards on all purchases.

The sign-up bonus of $750 cash back if you spend $7,500 in the first three months amounts to about 16 percent cash back — that’s a pretty warm welcome, but only if you’d routinely spend that much in three months.

The Ink Business Unlimited card offers flexible ways to redeem rewards including travel bookings which can help reduce the cost of frequent business trips.

You can find more robust rewards but this card’s simplicity will be hard to beat.

  • Cashback Earning: 1.5% on all purchases
  • Bonus Categories: None
  • Cashback Redemption: Cash, a statement credit, direct deposit, gift cards, travel bookings, or Amazon purchases (20% reduction in points redeemed via Amazon).
  • Welcome Bonus: $750 bonus cash back after spending $7,500 in the first three months after opening the account.
  • Annual Fee: $0

Blue Cash Preferred® Card from American Express

Families with big grocery bills can save a ton with this American Express rewards card which offers 6% rewards on up to $6,000 a year at U.S. supermarkets, then 1%.

The 6% rewards rate also applies to some U.S. streaming services including Netflix, Hulu, and Spotify which can be very helpful if you’re trying to cut the cable cord.

You can also save a decent 3% rate on fuel purchases at U.S. gas stations with no spending caps. All other transactions will earn a 1% rewards rate, again with no spending caps.

The catch here is the $95 annual fee the card requires, but paying the fee will be worthwhile if you maximize the 6% reward rate on $6,000 at supermarkets. Maxing out this reward would generate $360 in rewards.

To break even on the annual fee you’d need to spend about $30 a month at supermarkets. Also, you can compensate yourself by earning $250 right away if you spend $1,000 on the card during the first 3 months.

If you don’t expect to use the card enough to justify the annual fee, you might like the Blue Cash Everyday card, which also features higher credit card rewards on grocery purchases.

  • Cashback Earning: 1% on all purchases
  • Bonus Categories: 6% at U.S. grocery stores and some U.S. streaming services; 3% at U.S. gas stations and transit fees.
  • Cashback Redemption: statement credits, gift cards, merchandise — $25 minimum redemption
  • Welcome Bonus: $250 statement credit on $1,000 in purchases during the first three months of opening the account.
  • Annual Fee: $95

Capital One® Spark® Cash for Business

Especially designed for business owners, the Capital One Spark Cash card offers a generous 2 percent cash back on all purchases.

In Capital One’s case, all purchases really means all purchases — even thousands of dollars worth of inventory or business purchases made by employees with their cards.

Because it doesn’t categorize rewards the way a lot of business cards do, the Capital One Spark Cash card provides one of the most flexible rewards programs in the market.

You can claim the rewards as cash or as a statement credit.

The card does charge an annual fee of $95 after the first year, but depending on your volume of purchases, your business could quickly recoup this expense.

Capital One Spark Cash for Business currently offers a $500 cash bonus when you spend $4,500 in the first 3 months.

  • Cashback Earning: 2% on all purchases
  • Bonus Categories: None
  • Cashback Redemption: statement credit or a check
  • Welcome Bonus: $500 cash bonus when you spend $4,500 in the first 3 months
  • Annual Fee: $95 beginning after one year ($0 for first year)

Wells Fargo Cash Wise Visa® Card

Wells Fargo also has its own variant of a 1.5% cashback card.

Unfortunately, for those of us who enjoy those bonus categories, this card does not offer it.

But, you can earn a $150 cash rewards bonus after spending $500 in the first 3 months of having your account open, so that’s a plus.

Another added perk for those of us who use our phone as our wallet, you will enjoy 1.8% cash rewards on qualified digital wallet purchases, like Apple Pay® or Google Pay™, during the first 12 months from account opening.

If you’re interested in the card, rest assured that the annual fee is $0 per year.

  • Cashback Earning: 1.5% on all purchases
  • Bonus Categories: None
  • Cashback Redemption: Statement credit or gift cards
  • Welcome Bonus: $150 after spending $500 on purchases in the first 3 months of account opening
  • Annual Fee: $0 first year

U.S. Bank Cash+™ Visa Signature® Card

The U.S. Bank Cash+ is often overlooked by credit card blogs, but it shouldn’t be.

The card offers 1% cashback on all purchases but has both 2% and 5% bonus categories. You can choose one “everyday” category for 2% back, and 5% in two additional categories.

The 2% “everyday” category includes things like groceries and gas, so pick the one you spend the most on. On the other hand, the 5% category focuses on infrequent purchases like your phone bill, fast food, and clothing.

Do note that you can earn unlimited 2% cash back on your everyday purchases. On the other hand, you’ll only earn 5% back on your first $2,000 in purchases on your two 5% categories.

U.S. Bank offers a $150 welcome bonus after spending $500 in purchases your first three months of card membership.

  • Cashback Earning:1% on all purchases
  • Bonus Categories: 2% on one everyday category (groceries, gas stations, etc), 5% on first $2,000 in purchases per quarter on two categories of your choice (phone bill, clothing, etc)
  • Cashback Redemption: Statement credit, Visa gift card, bank transfer
  • Welcome Bonus: $150 after spending $500 on purchases in the first 3 months of account opening
  • Annual Fee: $0

Blue Cash Everyday® Card from American Express

American Express has another cashback option: the Blue Cash Everyday card.

Unlike its Cash Magnet offering, this card earns 1% on all purchases but has an awesome 3% back on groceries at U.S. supermarkets (up to $6,000 in purchases per year, then 1%) and 2% back at U.S. gas stations and U.S. department stores.

Similar to the Cash Magnet, though, the card offers a $100 welcome bonus after spending $1,000 on purchases in the first 6 months of card membership.

So this requires a bit more spend than other cards on the list but is still pretty tangible if you’re able to charge your bills.

Thankfully, there’s no annual fee on this card, so you can enjoy a fee-free credit life so long as you pay your bill on time. Nice.

  • Cashback Earning:1% on all purchases
  • Bonus Categories: 3% cash back at U.S. supermarkets (up to $6,000 per year, then 1%), 2% cash back at U.S. gas stations and select U.S. department stores; earn 20% back on purchases at Amazon.com in the first 6 months.
  • Cashback Redemption: Statement credit or gift cards
    Welcome bonus: $100 after spending $1,000 on purchases in the first 6 months of account opening
  • Annual Fee: $0

Citi Rewards+℠

If you make a low volume of small transactions, you may want to give the Citi Rewards+℠ Mastercard a close look.

The card rounds up your rewards to the nearest 10 points. For example, if you spent $2.50 on a cup of coffee, the 2.5 points you’d typically earn at 1 percent would become 10 points.

A point could be worth up to 1 cent, depending on how you redeem it. And that’s where the Citi Rewards+℠ card can get a little too complicated.

As long as you’re redeeming your points for gift cards, you’ll get a pretty good value, usually as high as 1 cent per point. (You’ll need to accrue 2,500 points before you’re eligible to convert them into gift card currency.)

When you redeem your points for statement credit, though, their value gets cut in half.

Still, you can save if you make a lot of small transactions and don’t mind converting your points to gift cards.

  • Cashback Earning: 1% on all purchases
  • Bonus Categories: 2% on groceries and gas on up to $6,000 spent per year.
  • Cashback Redemption: gift cards, statement credit, limited online shopping
  • Welcome Bonus: 15,000 points redeemable for a $150 gift card for spending $1,000 on card in first three months.
  • Annual Fee: $0

Capital One® Savor® Cash Rewards Credit Card

If you like to eat out, consider putting the Capital One Savor card in your pocket.

The card gives a massive 4% back on dining and entertainment purchases, and 1% back on everything else.

All rewards can be redeemed for—you guessed it—statement credit or gift cards.

Even cooler, the card has a whopping $300 welcome bonus after spending $3,000 in purchases in the first 3 months of being a cardholder.

There’s one catch though: the card has a $95 annual fee that is, thankfully, waived for the first year.

But if you spend enough on dining, the card may pay for itself over time.

  • Cashback Earning: 1% on all purchases
  • Bonus Categories: 4% cashback on dining and entertainment
  • Cashback Redemption: Statement credit or gift cards
  • Welcome Bonus: $300 after spending $3,000 on purchases in the first 3 months of account opening
  • Annual Fee: $0 first year, $95 after

HSBC Cash Rewards Mastercard® Credit Card

For each year you maintain your HSBC Cash Rewards Mastercard account, the card will boost your cash back earnings during the previous year by 10%.

This anniversary bonus is the signature feature distinguishing this card from the pack, and it’s not the only bonus.

During the first year of holding an account, you can now earn 3% cash back on all purchases up to $10,000. After you’ve spent $10,000, or after the first year passes, your rate reverts to the standard 1.5% cash back.

These opportunities for savings are more exciting than the card’s actual sign-on bonus which is $150 cash back after spending $2,500 during the first three months.

Unless you opt for statement credits, redeeming your points can be a little complicated: HSBC runs through a variety of third-party vendors such as onefinestay and shoprunner which require separate accounts to redeem your credits.

  • Cashback Earning: 1.5% on all purchases / 3% during the first year (up to $10,000 in purchases)
  • Bonus Categories: 10% bonus on all cash back earned during the year on each anniversary of the account.
  • Cashback Redemption: statement credit, direct deposit into HSBC account, gift cards, travel credits through third-party services
  • Welcome Bonus: $150 bonus on $2,500 spent with the card in the first three months.
  • Annual Fee: $0

American Express Cash Magnet® Card

The American Express Cash Magnet card is a new player to the cashback credit card scene. The card earns 1.5% cashback on all purchases with no bonus categories, so you don’t have to think about using the right card for a specific purchase.

The card has a couple of neat perks too. American Express is currently running an awesome welcome bonus for the card, giving $150 back after you spend $1,000 or more in purchases within the first 3 months of getting the card.

Finally, the Cash Magnet comes with standard American Express benefits like roadside assistance, car rental loss and damage insurance, purchase protection, and more. Do your research and utilize these benefits when you can—they can save you thousands.

  • Cashback Earning: 1.5% on all purchases
  • Bonus Categories: None
  • Cashback Redemption: you’re awarded Reward Dollars that you can redeem for statement credits, gift cards, and merchandise.
  • Welcome Bonus: $150 after spending $1,000 in three months.
  • Annual Fee: $0

Wells Fargo Propel American Express® Card

Travelers that like earning cashback need to check out the Wells Fargo Propel American Express card.

This is the only cashback card on the list that earns 3% cash back on travel, restaurants, gas, and popular streaming services—perfect for the traveler on the go. All other purchases earn 1%.

Cashback is awarded in the form of points that can be used for statement credit, travel, or gift cards.

There’s an awesome 20,000 point welcome bonus after spending $1,000 in the first 3 months of opening your account, giving you a nice head start on free tickets for your next big trip.

All of this mixed with the $0 annual fee makes the Propel card the best cashback card for frequent travelers.

  • Cashback Earning:1x points per $1 spent on all purchases
  • Bonus Categories: 3x points per $1 spent on eating out, ordering food, gas, rideshares, transit, flights, hotels, homestays, car rentals, and popular streaming services.
  • Cashback Redemption: Statement credit, travel, gift cards
  • Welcome Bonus: 20,000 points after spending $1,000 on purchases in the first 3 months of account opening
  • Annual Fee: $0

Bank of America® Cash Rewards

Bank of America Cash Rewards Credit CardCheck out the Bank of America Cash Rewards card if you spend lots on gas.

The card earns a whopping 3% on gas purchases (up to $2,500 spent per quarter), 2% on grocery stores and wholesale clubs, and 1% everywhere else. This can seriously add up for Uber drivers, truck drivers, and couriers that make frequent gas station purchases.

Additionally, you’ll earn 25% to 75% more cash back if you’re a Bank of America Preferred Rewards member. You’ll earn more cashback depending on your membership tier, so those with lots of assets at Bank of America are in luck.

Finally, the card has a nice $200 welcome bonus after spending $500 in the first 3 months of being a cardmember.

  • Cashback Earning:1% on all purchases
  • Bonus Categories: 3% cash back on gas (up to $2,500 in purchases per quarter), 2% cash back at grocery stores and wholesale clubs
  • Cashback Redemption: Statement credit or gift cards; 10% bonus for redeeming into Bank Of America accounts, Preferred Rewards clients earn 25% to 75% bonuses.
  • Welcome Bonus: $200 after spending $500 on purchases in the first 3 months of account opening
  • Annual Fee: $0

PenFed Power Cash Rewards Visa Signature® Card

Penfed Power Cash Rewards Visa Signature CardThe PenFed Power Cash card is simple: it earns 2% cashback on all purchases for Advantage Members, and 1.5% for other members. You can earn Advantage by meeting specific banking requirements, so it’s a good pick if you already bank at PenFed.

It has a nice $100 welcome bonus for spending $1,500 in the first three months of holding the card.

This card is a great choice for PenFed Advantage members. It’s the only 2% cash back card that also has a welcome bonus, so check it out if you’re eligible.

  • Cashback Earning: 1.5% on all purchases; 2% for PenFed Advantage Members
  • Bonus Categories: None
  • Cashback Redemption: Statement credit, bank transfer
  • Welcome Bonus: $150 after spending $1,500 on purchases in the first 3 months of account opening
  • Annual Fee: $0

Apply For A Cashback Credit Card Today

And there you have it: the best cashback cards for 2021. Make sure to do your own research and compare the cards to find which credit card is best for you as each has its own perks and award earning structures.

Remember, pay special attention to the bonus categories, welcome bonuses, and annual fees so you can get the most bang for your buck.

But now we want to hear from you: what cashback card do you use? Let us know in the comments.

The only question now is, what should you do with all the cashback? I suggest investing it!

Additional Disclosures: Millennial Money has partnered with CardRatings and creditcards.com for our coverage of credit card products. Millennial Money, CardRatings and creditcards.com may receive a commission from card issuers. This site does not include all financial companies or financial offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

Источник: https://millennialmoney.com/best-cash-back-credit-cards/

How Does Cash Back for Credit Cards Actually Work in 2019?

Cash-back rewards are issued by credit card firms to get consumers to use their plastic more often to earn cash-related perks and benefits.

Make no mistake, consumers are not only OK with cash-back rewards promotions, they actually love them. Check out this data from a recent study on cash-back cards by CreditCards.com:

  • 57% of U.S. adults own at least one cash-rewards credit card.
  • Of all rewards card holders, 75% own a cash-back credit card.
  • Cash-back-rewards credit cards are far and away the most popular form of rewards cards, with 43% of survey respondents popping cash back cards on the top of their list, followed by gas/retail); airline/hotel (13%) and general travel (12%).
  • 52% of rewards credit-card holders have redeemed cash back rewards in the year preceding the release of the CreditCards.com study (late 2017 to late 2018.)
  • 22% of rewards card owners haven't redeemed any cash at all using their cards.

What exactly makes cash-back rewards cards so popular? The obvious answer is cash - but there's much more to the issue of cash-back rewards cards. A lot more.

Here's the skinny.

What Are Cash-Back Credit Cards?

Cash-back rewards cards are offered by credit card companies to consumers, who earn cash-back rewards when they make purchases with their cards. The term "cash back" is defined as the percentage of a credit card purchase returned back to the cardholder, in the form of a cash reward.

Here are five interesting things to know about cash-back cards:

  • With cash-back rewards, a percentage of the money spent on a purchase is returned to the consumers in user-friendly ways, like deposits into bank checking accounts or gift cards.
  • The IRS does not deem cash-back proceeds as taxable, so you're getting the cash back on a tax-free basis.
  • Cash-back rewards grow higher when card consumers take advantage of discounts and specials promoted on card company websites and mobile apps, where cash-back payouts are returned as a higher percentage of the purchase, relative to regular card purchases.
  • Percentage-wise, credit card cash-back programs are usually limited to 1% rewards on the low-end and 5% on the high-end.
  • Cash-back rewards come with no annual fees, and often come with incentivized sign-up bonuses of $100 or more to get you to sign up for the card.

Cash-back rewards cards offer consumers an interesting proposition.

Instead of using cash to make a purchase, which doesn't trigger any kind of cash-back return deal, consumers can use their credit cards to buy the things they would buy anyway, like groceries, gasoline, and golf clubs, and earn cash back in the process.

Compare cash rewards to the inherent limitations of travel rewards or gas station rewards programs, which are limited to the industries they offer. Cash rewards, on the other hand, can be redeemed for just about any kind of purchase, giving card consumers more latitude with their cash-back rewards programs.

For card companies, cash-back programs unleash the spending power of the great American consumer, which puts more cash, ironically, into the pockets of credit card companies.

All the major credit card companies, including MasterCard, Visa, Discover and American Express, offer cash-back rewards programs, each one adhering to their own policies and practices. Direct card providers, like big banks (i.e., Wells Fargo, Citi and others) and some big-box retailers, like Costco, are highly aggressive in the cash-back rewards programs these days.

Take Costco, and its Costco Anywhere Visa Card by Citi. With it, card consumers can earn 4% cash back on gasoline purchases of up to $7,000 annually, or get 3% on dining and travel purchases. Costco shoppers can also get 2% cash back shopping at the retail giant, either at a physical store, online or via mobile.

How to Redeem Cash Rewards

Credit card companies make it easy to redeem credit card cash rewards, using the same financial tools that consumes are accustomed to using, as follows:

Bank direct deposit

Card consumers can have their cash rewards deposited straightaway into their checking or savings accounts. Minimum deposit accounts may vary, so it's a good idea to check with your card provider on their policies on transmitting cash back rewards in your bank account.

For example, Blue Cash Preferred Card from American Express Card will send you a deposit payment when your cash back amount hits $25.

Credit card balance reduction

Card users can also have cash rewards sent back to their credit card balance, adding to the amount of money available on their plastic.

Gift cards

Card customers can also have their cash-back rewards in the form of gift cards, once a certain minimum amount of cash back rewards have been accumulated.

Charitable giving

Some card providers will send you cash back money to the charity of your choice. Discover It Cash Back is a good example of a credit card provider redeeming cash to a select charity, with no minimum amount required.

Cash-Back Rewards Tips

The best ways to use cash back rewards programs start with knowing the rules specific to your credit card, and using them in smart ways.

1. Get a bonus

Ask your card provider if there are sign-up bonuses attached to their cash-back card programs. Some card providers pay up to $250 in such bonuses.

2. Watch out for the fine print

Credit card companies are infamous for their contract legalize, and for changing card policies without going out of their way to let consumers know they're doing so. (Again, the news is usually found in the fine print.)

Yet if a card provider makes a change in a cash-back reward program, such as lower cash-back amounts, you'll want to know about it. Thus, any time you get a notice from your card provider in the mail, give it a thorough review to make sure you're on the right track with your cash-back program.

3. Know your number

As a rule of thumb, focus on getting a cash back rewards card that at least pays 1.5% to 2% in cash-back rewards (1% seems to stand as the industry minimum). Many cards do better with cash-back amounts, but don't waste your time on any card that pays less than 1.5%. There are just too many better deals out there.

4. Take advantage of your spending habits

To maximize your cash-back credit card experience, opt for a credit card that pays the most in cash back rewards for the purchases you're most likely to make.

For example, if you're on the road a lot, get a cash-back rewards card that gets you a higher percentage of money back when you purchase gasoline. Or, if you're a parent with a big family, opt for a card that pays 5% or more in cash back rewards at the grocery store.

5. Pay your bills on time

This last tip is more of a warning - make sure you pay your credit card bill on time each month when using cash-back rewards cards. After all, you'll be using your cash-back card more and more to earn cash back rewards, and your monthly bill will likely get higher.

Stay ahead of any late payment fees, interest rate hikes and credit score problems by paying your cash-back credit card bill on time every month - and pay more than the minimum balance.

Источник: https://www.thestreet.com

: Best cash back visa card 2019

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