What Are the Best Credit Cards for 3% Cash Back?
As an expert in credit cards, I am here to provide you with a detailed answer to the question: What are thebest credit cardsfor 3% cash back?
When it comes to cash back credit cards, there are various options available in the market. However, if you are specifically looking for a credit card that offers 3% cash back, you have to do your research to find the best one that suits your needs.
Here are some of the best credit cards for 3% cash back:
1. Blue Cash Preferred Card from American Express
The Blue Cash Preferred Card from American Express is a great option for those who spend a lot on groceries and gas. This card offers 6% cash back on up to $6,000 spent annually at US supermarkets, 6% cash back on select US streaming subscriptions, 3% cash back at US gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses, and more), and 1% cash back on other purchases. The card does come with a $95 annual fee, but the rewards can easily offset the cost.
2. Chase Freedom Unlimited
The Chase Freedom Unlimited is a versatile card that offers 3% cash back on all purchases in the first year, up to $20,000 spent. After that, you will earn 1.5% cash back on all purchases. The card has no annual fee and also comes with a 0% intro APR for 15 months on purchases and balance transfers.
3. Wells Fargo Propel American Express Card
The Wells Fargo Propel American Express Card offers 3% cash back on a variety of categories, including dining, travel, gas stations, rideshares, and streaming services. Additionally, you can earn 1% cash back on other purchases. The card has no annual fee and also comes with a 0% intro APR for 12 months on purchases and balance transfers.
4. Bank of America Cash Rewards Credit Card
The Bank of America Cash Rewards Credit Card offers 3% cash back in a category of your choice, including gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. Additionally, you can earn 2% cash back at grocery stores and wholesale clubs, and 1% cash back on other purchases. The card has no annual fee and also comes with a $200 online cash rewards bonus after you make $1,000 in purchases within the first 90 days of account opening.
5. Citi Double Cash Card
The Citi Double Cash Card offers 2% cash back on all purchases – 1% cash back when you make a purchase and another 1% cash back when you pay it off. The card has no annual fee and also comes with a 0% intro APR for 18 months on balance transfers (balance transfer fee applies).
When applying for a cash back credit card, it is important to keep in mind certain factors such as the annual fee, the rewards program, and the interest rates. It is also important to pay off the balance in full each month to avoid any interest charges.
In conclusion, the above-mentioned credit cards are some of the best options for 3% cash back. However, it is always recommended to do your own research and choose the one that best fits your spending habits and lifestyle.