that determine how you accumulate cash rewards. Installment Many cash-back cards earn a higher rewards rate for certain purchases. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features. Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening. Up to 10% cashback on your online shopping. Plus, earn $100 back as a statement credit after you spend $2,000 in purchases on your new Card in the first 6 months of Card Membership. Get a 0% intro APR for 15 months on purchases. Activate by mobile app for free. The card earns 3% cash back on up to $6,000 spent per year in each of three categories: U.S. supermarkets, U.S. gas stations and U.S. online retail purchases. There's no 0% intro period for purchases or bonus categories, but the high rewards rate more than makes up for the lack of bells and whistles. Read our review. If the Capital One Savor card sounds like its up your alley, but youre not sold on the $95 annual fee, consider the Capital One SavorOne Cash Rewards Credit Card. Not everyone has the same financial goals, which is why some cash back cards may not be the best fit depending on what works for your particular lifestyle. Earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening, Get an Amazon gift card instantly upon approval, Earn 5% back in Walmart stores for the first 12 months when you use your Capital One Walmart Rewards Card with Walmart Pay - the quick and secure way to pay with your phone at Walmart. MORE: Cash-back cards that are great for travel, too. To view rates and fees for the Blue Cash Preferred Card from American Express please visit this page. This card also puts you in charge of your new cardmember bonus. Gas sounds like a really useful category, but unless youre a long-distance commuter, most households dont spend as much at gas stations, Card issuers determine whether a purchase earns a higher rate based on the retailer's. Bank of America Unlimited Cash Rewards credit card, on Bank of America's website, or call (800) 343-3246, Best for Flat-rate cash back: Bonus offer + incentives. 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. Who should get the Blue Cash Preferred Card from Amex? Terms apply. You earn a similar $200 sign-up bonus with the Chase Freedom Unlimited, but for a lower required spend ($500 in the first three months of account opening). Your decision made easy with $7/month back in the form of a statement credit after you spend $13.99 or more each month on an eligible subscription with your Blue Cash Preferred Card. The website cannot function properly without these cookies. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. From the outside, all of these cards look similar to each other. The offers that appear on this site are from companies from which CreditCards.com receives compensation. Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, 5% cash back on up to $500 in purchases in your top eligible spend category each billing cycle. You dont have to wait years to accumulate enough miles or points to redeem them for a free flight or hotel stay, as you might with a travel card. After that, your fee will be 5% of each transfer (minimum $5). Just a dollar-for-dollar match. Fixed monthly payments may require disciplined budgeting and wont be an ideal repayment method if you want the flexibility to occasionally make a lower minimum payment. With most cash-back cards, you can see your accumulated earnings on your monthly statement or through your online account portal, and you can decide when and how to redeem your cash back. INTRO OFFER: Unlimited Cashback Match only from Discover. Nobody can change the value of it, and you can spend it anywhere. He was one of the original contributors to The Points Guy, and his work has been appearing there since 2011. The Capital One Walmart Rewards Card* is a great option for some types of Walmart shoppersnamely those who shop online. Dont worry, we wont spam your inbox. Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 16.99 to 27.99%. Factors in our evaluation include each card's cash-back earning rates, rewards structure (such as flat-rate or tiered categories), annual fee, redemption options (including minimum redemption amounts), promotional APR period for purchases, bonus offers for new cardholders, and noteworthy features such as loyalty bonuses or the ability to choose one's own rewards categories. Eligible 5% categories include popular line items like restaurants, grocery stores, gas stations and a host of others. The Wells Fargo Active Cash offers an unlimited 2% cash rewards rate on purchases and charges no annual fee. You earn 6% cash back on up to $1,500 a quarter in combined spending at two retailers you choose from a list. 6% Cash Back on select U.S. streaming subscriptions. There is also no annual fee, foreign transaction fee or penalty APR to worry about. It carries a $0 annual fee and requires you to join Alliants credit union to apply for the card. Many companies use a tiered approach for their cash back card. To better suit your changing monthly expenses, this card lets you swap one of six 3% cash back categories each month while leaning on its 2% grocery store and wholesale club categories (the 2% and 3% categories share a $2,500 quarterly spending cap). How Does RCBC Credit Card Cash Rebate Work? Depending on the card, redemption options may include statement credits or deposits into your checking or savings account. Related: Is the Bank of America Customized Cash Rewards credit card worth it? . Not all card issuers offer shopping portals, but its worth checking. Bonus rewards: 5%/3% categories + high ongoing rate. Rotating category cards involve work, and this one adds an extra layer of effort because you have to pick your categories each quarter. Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. An unlimited rewards rate this high for no annual fee could be great to rely on even if you already have a primary cash back card. 3% Cash Back on your first $1,500 in eligible purchases each quarter on your choice of one everyday category (like wholesale clubs, gas stations & EV charging stations, or bills and home utilities). Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 16.99 to 27.99%. Category activation can be a hassle, but if your spending aligns with those categories (and for most households, it probably will), you can rake in serious rewards. Purchases and balance transfers are covered by a 15-month 0% introductory APR (then 17.99% to 26.74% variable). *To qualify for the $200 welcome bonus, you must open and fund a new Upgrade Rewards Checking Account and make 3 debit card transactions within 60 days of your Upgrade Card account opening. Even after factoring in the $0, this card will yield more rewards than a 2% credit card for those who charge more than $20,000 a year to the card. 10% Cash Rebate. The issuer announces its quarterly cash back categories the year before, instead of a quarter ahead, so you can plan your purchases. This card earns 5% cash back in bonus categories that change every three months (on up to $1,500 per quarter in spending, then 1%); 5% on travel booked through Chase; 3% cash back at restaurants and drugstores; and 1% on other purchases. to World-Class Airport Lounges, 0% This card has the brawn to handle just about all of your credit card spending needs without an over-inflated price tag. It comes with a decent sign-up bonus, a generous intro APR period, and the potential to supercharge your earnings through Bank of America's Preferred Rewards program. (In addition to the rotating categories, this card earns 5% cash back on travel booked through Chase Ultimate Rewards; 3% back at drugstores and restaurants; and 1% back on everything else). MORE: NerdWallet's best no foreign transaction fee credit cards. After that, your fee will be 5% of each transfer (minimum $5). You choose the rewards type when you apply, you just can't change it later. Privacy Policy. Youre unlikely to find such valuable perks as reimbursement for TSA Precheck applications or free checked bags or early check-in at a hotel. Jeanine Skowronski is a credit card expert, analyst, and multimedia journalist with over 10 years of experience covering business and personal finance. However, you can also redeem your cash back as a statement credit or direct deposit to a checking or savings account once your rewards balance reaches $20 or more. Attractive sign-up gifts. Read our Discover it Student Cash Back review or jump back to this cards offer details. New longer intro period! There's a good sign-up bonus, and the annual fee is $0. Often, it counts everything you buy in the associated convenience store, too, although a few cards count only gas paid for at the pump. You can also get free credit monitoring, freeze your account from the mobile app or website if you lose your card and get a free Credit Scorecard with your FICO Credit Score. Capital One SavorOne Cash Rewards Credit Card. Customizable rewards: Wide selection of categories. 1% cash back on all other purchases during the first year after account opening. You also have to wait a year for your bonus. An example of this type of card is a cash back credit card offered through a credit union. A big exception: Americans who travel overseas an average of at least once per year are often better off with a travel rewards credit card because of higher point values and no foreign transaction fees. Before applying, confirm details on the issuers website. Analytics cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously. , accessible through your credit card login, can help you earn extra cash back on your web-based purchases, sometimes up to 10 times as much. Those who spend in the base tier level, charging the least amount of money,earn, for example, between .25 percent and .50 percent back. It usually doesn't extend to gas stations affiliated with supermarkets or warehouse clubs. Our partners compensate us. Rewards: 5% cash back on hotels and rental cars booked through Capital One Travel, 4% cash back on all dining, entertainment and popular streaming services, 3% cash back at grocery stores and 1% on all other purchases, Welcome Offer: $300 cash bonus after spending $3,000 on purchases within 3 months from account opening. If you do most of your grocery shopping elsewhere or your Amazon purchases dont add up to a significant portion of your budget, there may be a better cash back card for you. Plus, get a year of free Amazon Prime (a $139 value). This is a great option for people looking for a low-maintenance rewards card. Related: Capital One Quicksilver Cash Rewards benefits guide. Shop as you normally would and get a fantastic rewards rate on EVERYTHING. You earn unlimited 1.5% cash back on every purchase, and you can redeem your cash back in any amount, with no minimum. All other purchases earn 1.5%, Cash back can be redeemed at a minimum of $25 per redemption transaction, You can choose to receive cash back from your Alliant credit card via a credit card statement credit (appearing within one billing cycle) or as a deposit into your Alliant checking or savings, Up to $5,000 of Personal Identity Theft Protection for covered expenses to restore your identity, 3 points per dollar on travel and 2 points per dollar on everything else, Requires Navy Fed Membership, although that is easier to obtain than you might imagine. Apply for the Cash Rewards Business Credit Card and, if you are approved, receive a $200 statement credit after spending $2,000 within the first 3 months after account opening. These cards are popular options for balance transfers and often have perks (think: bonus categories and cash rewards) like other credit cards on the market. Its easy to become a member, however. The combined 2% rate on all purchases is probably the best you're going to do on a card with a $0 annual fee. The categories might not be a good fit for everyone. Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. What are rotating category credit cards, and how do they work? Other Benefits and Drawbacks: The Alliant Cashback Visa Signature Credit Card* is a rewarding option for those who can qualify for the Tier One rewards rate. Click the card name to read our review. Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. Earn unlimited 1.5% cash back on all purchases. How Do 0% APR Credit Cards Work? This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. The Upgrade Cash Rewards Visa* is a combination credit card and personal loan. The ability to receive a rewards boost makes this a prime choice for existing Bank of America customers who are looking for a flat-rate cash back credit card. Few perks. The exact way youll receive your money also varies by card, with some letting you take those rewards as a statement credit against your balance and others also allowing you to take actual cash back. on Purchases Abroad, International Read our Capital One Quicksilver Cash Rewards Credit Card review or jump back to this cards offer details. This card gives you 2% cash back on all purchases: 1% for every dollar you spend and another 1% for every dollar you pay off. Plus, get a year of free Amazon Prime (a $139 value). Pay $0 intro plan fees on plans created during the first 12 months after account opening. Editorial Note: We earn a commission from partner links on Forbes Advisor. Beyond its boosted 1.5% cash back base rate, it earns unlimited 3% back on dining and drugstore purchases plus 5% on Lyft purchases (through March 31, 2025) and Chase travel. Flat-rate cash back: Bonus offer + intro 0% period. Depending on how you manage your credit card bill, you'll get to enjoy 5% cashback, capped at RM80 per month, if you only settle partial or only the minimum payment. 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service. annual fee: 5% back automatically in your eligible top spending category on up to $500 spent per billing cycle (1% back elsewhere). And co-branded travel cards for airlines and hotel companies might give you perks no other card will. All other purchases earn 1.5% a major edge over other cards that pay only 1% on non-bonus-category spending. Discover will automatically match all the cash back you've earned at the end of your first year! Upon approval your credit line will be equal to your deposit amount. Cash-back cards that are great for travel, too, Pros: Why it's worth getting a cash-back card, Cons: Why a cash-back card might not be for you, Few perks. 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%. Earn 5% on Chase travel purchased through Ultimate Rewards, 3% on dining and drugstores, and 1% on all other purchases. Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. Related: Wells Fargo Active Cash vs. Wells Fargo Platinum. Rewards: 5% cash back on everyday purchases at different places each quarter up to a quarterly maximum of $1,500 in spending when activated. Here are some examples: Cash back credit cards are a popular type of rewards card, given their return on spending and ease of use. . The rebate is not transferrable to another person or to another RCBC Credit Card account. If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
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