Best Cashback Credit Card Offers

The Best Cash Back Credit Cards

Hello friends! Are you looking for a credit card that can earn you some extra cash back? Look no further! In this article, we will be discussing the best cash back credit cards available in the market.

What is Cash Back?

Before we dive into the best cash back credit cards, let us first understand what cash back is. Cash back is a type of credit card reward that gives you a certain percentage of your purchase back as cash. For example, if you have a cash back credit card that gives you 1% cash back, and you spend $100, you will receive $1 back as cash.

Top 5 Cash Back Credit Cards

Here are the top 5 cash back credit cards that you should consider:

1. Chase Freedom Unlimited: This credit card offers an unlimited 1.5% cash back on all purchases, making it a great choice for those who want a simple cash back earning structure. It also offers a sign-up bonus of $200 if you spend $500 in the first 3 months of opening the account.

2. Citi Double Cash Card: This credit card offers 2% cash back on all purchases. You earn 1% when you make a purchase and another 1% when you pay it off. This card has no annual fee and offers a 0% introductory APR for balance transfers for the first 18 months.

3. Blue Cash Preferred Card from American Express: This credit card is perfect for those who spend a lot on groceries and gas. It offers 6% cash back on up to $6,000 per year in purchases at U.S. supermarkets and 3% cash back on purchases at U.S. gas stations. It also offers a sign-up bonus of $250 if you spend $1,000 in the first 3 months of opening the account.

4. Discover it Cash Back: This credit card offers rotating categories of 5% cash back on up to $1,500 in purchases each quarter. It also offers an unlimited 1% cash back on all other purchases. Discover will also match all the cash back you earned at the end of your first year of card ownership.

5. Capital One Savor Cash Rewards Credit Card: This credit card is perfect for those who love dining out and entertainment. It offers 4% cash back on dining and entertainment purchases, 2% cash back on purchases at grocery stores, and 1% cash back on all other purchases. It also offers a sign-up bonus of $300 if you spend $3,000 in the first 3 months of opening the account.

The Importance of Choosing the Right Credit Card

Choosing the right credit card can make a huge difference in how much cash back you earn. It is important to choose a credit card that matches your spending habits. For example, if you spend a lot on groceries and gas, the Blue Cash Preferred Card from American Express would be a great choice. On the other hand, if you prefer dining out and entertainment, the Capital One Savor Cash Rewards Credit Card would be a better choice.

How to Maximize Your Cash Back Earnings

Now that you have chosen the right credit card, it is important to know how to maximize your cash back earnings. Here are some tips:

  1. Pay your balance in full every month: If you carry a balance on your credit card, you will be charged interest. This will offset any cash back you earn, so it is important to pay your balance in full every month.
  2. Use your credit card for all your purchases: The more you use your credit card, the more cash back you will earn.
  3. Take advantage of sign-up bonuses: Many credit cards offer sign-up bonuses that can earn you a lot of cash back. Make sure you meet the spending requirements to get the bonus.
  4. Shop through the credit card’s online portal: Many credit card companies have online portals where you can shop. By shopping through their portal, you can earn extra cash back.

The Drawbacks of Cash Back Credit Cards

While cash back credit cards can be a great way to earn extra money, they also have some drawbacks. One drawback is that they often have higher interest rates than other types of credit cards. This means that if you carry a balance on your credit card, you will pay more in interest charges.

Another drawback is that cash back credit cards often have annual fees. These fees can range from $50 to $500 per year. If you do not spend enough on your credit card to offset the annual fee, then it may not be worth it to have the card.

Conclusion

In conclusion, cash back credit cards can be a great way to earn extra money. Make sure you choose a credit card that matches your spending habits and use it wisely. By maximizing your cash back earnings, you can earn hundreds or even thousands of dollars every year. Thank you for reading, and we hope this article has been helpful. See you in the next one!

Cash Back Credit Card

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