In addition to being a terrific tool to make purchases and manage spending, credit cards also allow users to receive cashback rewards. A cashback credit card allows you to earn rewards that can be exchanged for statement credits, gift cards, or other benefits. The top credit cards for cashback rewards will be discussed in this article.
Chase Freedom Unlimited
There is no cap on how much cashback you can earn with the Chase Freedom Unlimited credit card, which offers a flat 1.5% rate on all purchases. Also, after making $500 in transactions during the first three months, new cards might receive a $200 incentive. The card has no annual fee and a 0% introductory APR on purchases and debt transfers for the first 15 months.
Citi Double Cash Card
For those who want to receive cashback on all of their transactions, the Citi Double Cash Card is a fantastic choice. Cardholders receive 1% cashback for purchases and an additional 1% for bill payments. There is no annual fee, and there is no cap on how much cashback can be earned. The card also has a 0% introductory APR on balance transfers for the first 18 months.
Discover it Cash Back
In rotating quarterly categories like gas stations, restaurants, and grocery stores, the Discover it Cash Back card pays up to 5% cashback. Cardholders also receive 1% cashback on all other transactions. The card has no annual fee, and Discover will double all cashback earned in the first year. The card also offers a 0% introductory APR on purchases and debt transfers for the first 14 months.
Blue Cash Preferred Card from American Express
The American Express Blue Cash Preferred Card gives high cashback rewards on daily transactions. Cardholders receive 6% cashback at US supermarkets (on up to $6,000 in purchases each year, after which 1%), 6% cashback on a few US streaming services, 3% cashback at US gas stations and on public transportation, and 1% cashback on all other transactions. The card has a $95.00 annual charge, however the rewards received can more than offset that.
Capital One Savor Cash Rewards Credit Card
For people who like to eat out and watch movies, the Capital One Savor Cash Rewards Credit Card is a fantastic choice. The card provides 4% reward on dining and entertainment expenditures, 2% cashback at supermarkets, and 1% cashback on all other transactions. After making $3,000 in transactions within the first three months, new cards might receive a $300 cashback bonus. Although the card has a $95.00 annual charge, the rewards received can easily cover this expense.
In conclusion, cashback credit cards are a fantastic method to earn rewards on daily transactions. You may maximise your cashback earnings and receive rewards that can be applied to future expenses by selecting a card that matches your spending patterns. The five credit cards mentioned above are among the best ones on the market right now for cashback rewards. The annual fee, interest rates, rewards programme, and any additional benefits or perks that may be offered should all be taken into account when selecting a credit card.