Best Cash Back Credit Cards For Loyal Shoppers
There are many factors to consider when deciding which of the many cash back credit cards is the best for you. Cash-back rate is the most important consideration, but you should also consider the annual fee, sign-up bonus, and bonus categories. You should also decide if you prefer a flat rate for all purchases, or a higher rate for certain purchases in bonus categories. In general, you should choose a cash-back credit card that offers the highest amount of cash back over time.
Best Cash Back Credit Cards for Everyday Spending
There are many cash back credit cards on the market, but the best ones are usually a bit more expensive than others. Here is a quick rundown of some of the best ones for everyday spending. The Capital One Venture X Rewards Credit Card earns 10x miles on purchases, and has a 75,000-mile bonus after spending $4,000 in the first three months. It has no annual fee, and you earn cash back on everything from gas to groceries.
When choosing the best cash back credit card for your everyday spending, remember to use it for all of your purchases. Even if you pay with cash, there are some merchants that do not accept credit cards. Paying cash is sometimes the best option if you get a significant discount. The discount could be up to 5%, making it worth the savings. You might as well take advantage of the extra 5% reward on everyday purchases.
Best Cash Back Credit Cards for Loyal Shoppers
To be eligible for the Best Cash Back Credit Cards for loyal shoppers, you should have excellent to good credit, with a FICO score of at least 700. If your credit score is below this, you may want to work on improving your credit score before applying. That said, several cards on this list accept applications from people with fair credit. This makes them perfect for students, who rarely have excellent credit. So what are the Best Cash Back Credit Cards for loyal shoppers?
The Chase Freedom Unlimited Card is an excellent choice for rewards-seeking shoppers. With this card, you can get 5% back on the first $500 of purchases. This card also provides 1% back on other purchases. You can use it as your primary grocery shopping rewards card and earn up to 4% cash back on your purchases every quarter. In addition to earning cash back on grocery purchases, this card also has no foreign transaction fees and low annual percentage rates.
Best Cash Back Cards for Those Who Qualify
The best cash back credit card for you will depend on your spending habits and lifestyle. If you prefer a flat-rate cash back credit card, you may want to choose one without bonus categories. If you prefer to earn more rewards on categories that you already use often, you should opt for a bonus cash back credit card. For example, if you spend a lot on groceries, gas and dining, you may want to opt for a card with bonus categories.
In addition to free annual fees, cash back credit cards also give you access to your FICO score on your monthly statement. Most cash back cards offer rewards on a percentage of your spending. You can redeem your cash back on gift cards, or withdraw cash directly from your credit card. You can use a cash back credit card for everyday purchases or to pay off large bills. These cards can be extremely useful for travelers and families, but they should not be the only option you consider.
Chase Freedom Flex℠
The Chase Freedom FlexSM Cash Back credit card is a great choice for those who want to earn rewards while paying off their balance. This card earns 5% cash back on two bonus categories, as well as unlimited 2% in the everyday category. You can also use your card to earn points for qualifying Walmart purchases. In addition, you can get a bonus on your purchases when you purchase qualifying items with PayPal. However, you must know that the bonus categories change every three months, and you’ll need to activate them every quarter to make use of them.
This credit card has several benefits, including cash back for purchases in select categories and a $200 bonus after spending $500 in the first three months. You can also earn 5% back in certain categories during quarterly rotations. This credit card is perfect for travelers as it gives you the chance to earn extra cash back on flights, hotels, and more. In addition, it has no annual fee. The Chase Freedom FlexSM Cash Back credit card is easy to use and offers flexible payment options, such as bill pay. You can also get free money by redeeming Chase Ultimate Rewards for purchases.
Wells Fargo Active Cash® Card
If you’re interested in a credit card with a generous cash back program, consider applying for the Wells Fargo Active Cash® Card. This card comes with a low introductory APR, no annual fee, and is perfect for people who aren’t too concerned with keeping track of category rewards or juggling several cards. The card is a great choice for a cash back program, and you’ll also be rewarded for making your monthly payments on time.
The Wells Fargo Active Cash Card has a good rewards rate and a solid Visa portfolio, which includes travel protection and a free cellphone insurance plan. The card’s features aren’t as strong as some other cards with a two percent cash rewards rate, though. While the card doesn’t offer World Elite Mastercard benefits, it does offer free cellphone insurance coverage up to $600 per claim, and requires a $25 deductible.
Blue Cash Preferred® Card from American Express
If you’re looking for a credit card that rewards you for everyday purchases, consider the Blue Cash Preferred® Card from American Express. This credit card gives you a generous 6% cash back on U.S. supermarket purchases, 3% on transit, and 1% on other purchases. There is a $1,000 yearly spend limit, but it’s well worth the hassle of annual fees. Bankrate’s experts have given the card high marks for value and ease of use.
The Blue Cash Preferred card has a $95 annual fee, but this fee is offset by the rewards you receive. However, if you’re not interested in paying an annual fee, you can opt for the smaller, no-fee Blue Cash Everyday(r) Card instead. If you’re shopping online, use the card for all purchases, including gas, food, and entertainment. You can even use it at gas stations, grocery stores, and department stores.
The Blue Cash Preferred® Card from American Express offers rewards from various categories. For example, it offers 6% cash back on purchases at supermarkets and gas stations in the United States. If you spend over $3,000 within six months, you can receive a $350 statement credit. The rewards are typically statement credits, but AmEx occasionally offers other redemption options. If you are planning on making large purchases, you should check the rewards section to see how much money you could earn.
Discover it® Cash Back
When deciding which cash back credit cards to apply for, consider the Discover it(r) Cash Back card. Its Cash Back Bonus allows you to earn twice as much money as you normally would. This can add up to hefty rewards for those who have a habit of spending a large portion of their monthly budget on these types of purchases. You can apply your cash back to select categories, such as gas, restaurants, and grocery purchases.
When considering Discover it Cash Back, it’s important to note that the sign-up bonus is fairly low compared to other cards. That said, you can redeem as little as $0.01 worth of cash back on the card for a $100 gift card. Other benefits of this card include free FICO scores, no annual fee, and no penalty APR. The Discover it Cash Back has a few drawbacks, though.
Citi Custom Cash℠ Card
If you’re a consumer who makes purchases in one category, the Citi Custom CashSM Card is an excellent choice. Its 1% cash back bonus applies to all purchases, and you earn the cash back automatically as you use your card. Moreover, this card doesn’t require a high monthly spending requirement and there is no annual fee. However, you will have to meet some minimum spending requirements to get the bonus.
While other cash back credit cards offer higher cashback rates, the Citi Custom Cash(sm) Card has a lower limit for spending. In fact, a single transaction can earn up to 5%. While this limit is less competitive than other cards, it still may be sufficient to help you earn more cash back, depending on your spending habits. There’s no annual fee, and it offers a 0% introductory APR for 15 months.
The Citi Custom CashSM Card offers impressive rewards rates in its top category, such as dining and retail shopping. However, its rewards are modest in other categories. With 1% rewards for all other categories, you might need to choose another card that offers higher cash back. However, this card offers a $300 statement credit for spending $3,000 within six months. Alternatively, you can convert the cash back to Citi ThankYou points, which you can use to get more rewards.