What Are the Top Cash Back Credit Cards?
As an expert in credit cards, I will provide a detailed answer to the question of what are the topcash back credit cards. Cash back credit cards are a great way to earnrewardson your everyday spending. Here are some of the top cash back credit cards available on the market.
1. Chase Freedom Unlimited
The Chase Freedom Unlimited card offers a flat 1.5% cash back on all purchases. There is no annual fee and new cardholders can earn a $200 cash back bonus after spending $500 in the first three months of opening an account. This card also offers an introductory 0% APR on purchases and balance transfers for the first 15 months.
2. Blue Cash Preferred from American Express
The Blue Cash Preferred card from American Express offers cash back rewards on a variety of everyday purchases. Cardholders can earn 6% cash back on up to $6,000 spent annually at U.S. supermarkets, 6% cash back on select U.S. streaming subscriptions, 3% cash back at U.S. gas stations and on transit, and 1% cash back on all other purchases. There is a $95 annual fee for this card, but the rewards can easily offset this cost.
3. Citi Double Cash Card
The Citi Double Cash Card offers 2% cash back on all purchases – 1% when you make the purchase, and another 1% when you pay it off. There is no annual fee for this card and it also offers an introductory 0% APR on balance transfers for the first 18 months.
4. Discover it Cash Back
The Discover it Cash Back card offers rotating categories of 5% cash back on up to $1,500 in purchases per quarter, and 1% cash back on all other purchases. Categories include gas stations, grocery stores, restaurants, and more. Discover will also match all the cash back earned in the first year of card membership, making this card a great option for big spenders.
Tips for Applying for a Cash Back Credit Card
When applying for a cash back credit card, it is important to consider your spending habits and choose a card that offers rewards in categories that you frequently spend in. Additionally, make sure to read the fine print and understand any annual fees or other charges associated with the card. Finally, always pay your credit card bill on time and in full to avoid interest charges and maintain a good credit score.
Saving Money with Cash Back Credit Cards
Cash back credit cards can be a great way to save money on your everyday purchases. By earning cash back on your spending, you can offset the cost of your purchases and even earn rewards. Additionally, some cash back credit cards offer introductory 0% APR periods, which can be helpful for making larger purchases and paying them off over time without accruing interest charges.
Annual Fees and Risks
Some cash back credit cards come with annual fees, which can be worth it if you earn enough rewards to offset the cost. However, it is important to be aware of these fees and factor them into your decision when choosing a card. Additionally, it is important to use credit cards responsibly and pay your bill on time and in full to avoid interest charges and maintain a good credit score.
Credit Card Companies to Consider
When choosing a credit card, it is important to consider the reputation and customer service of the credit card company. Some of the top credit card companies to consider include Chase, American Express, Citi, and Discover. These companies offer a variety of credit cards with different rewards and benefits, so it is important to do your research and choose the card that best fits your needs.