Credit Card With Most Cash Back Rewards – You asked and we got it. Here’s a list of the best no-fee cash-back credit cards approved by the Capital District. Depending on whether you spend most of your money on eating out, cooking for yourself, transportation to work, paying utilities, fitness, online shopping, home improvement, furniture and decor, entertainment, shopping on Amazon, and small business, there are many different options. . I have. , or any other category. On this list, I prioritized no annual fee cash back credit cards first.
Credit card cash back is a credit card reward that gives you a small amount of cash back on the amount you spend on your credit card.
Credit Card With Most Cash Back Rewards
A cash back credit card works by giving you a percentage of your cash back on every qualifying purchase. Compared to credit cards that offer points or miles as rewards, cash back credit card rewards are generally easier to use and understand.
Can You Get Cash Back With A Credit Card? Cash Back Vs. Cash Advances
For example, if your credit card offers 2% cash back on all purchases, you’ll earn 2 cents in rewards for every dollar you spend. This benefit is issued in the form of a credit statement, check sent by mail or deposited directly into your bank account.
Your credit card issuer may also offer higher cash-back rates for certain categories, such as groceries. If you spend most of your money in one category, it may be worth looking for a cash back credit card that offers a higher rate of return for that particular category.
We’ve done hours of research to determine the best card for each use case. We’ve looked at cashback rates and spending limits for key spending areas, annual fees, contract bonuses and other pros and cons. Our goal was to highlight the best class cards in each category, but you won’t find a list like this anywhere else.
To get a referral bonus, you need to pay a certain amount. For example, it could be $1,000 for the first three months. However, we’ve decided to leave out the details of the spending requirements so as not to make this list much less readable.
Best Cash Back Credit Cards
Wells Fargo Active Cash Card ( here ): We highly recommend Wells Fargo Active Cash as the best card with fixed cash back. 2% cash back, no annual fee and $200 introductory offer on all purchases outside of the categories shown ie. those who can make big bucks in categories like those described below Buying Tips. rate is more than 2%. Citi Double Cash Card ( here ): also great. Note that our recommendation in this niche has historically been this city map. This city card gives you 2% on every purchase just like the Wells Card above, has no annual fee and has a limited time bonus of $200 2 weeks ago. . Citi’s new introductory offer effectively combines both.
(1) Wells’ 0% APR introductory offer applies to balance transfers and purchases, while Citi’s APR offers apply to balance transfers only. The interest-free period at the time of purchase is very important if you have large expenses that you cannot pay immediately.
(2) The Wells card pays a standard $200 sign-up bonus, while the Citi card only pays this bonus during rare special promotions. By the time you read this, City Cards will probably have canceled their $200 introductory bonus, so that will make things easier.
Chase Freedom Unlimited Card ( here ): We recommend the Chase Freedom Unlimited as the best low-cost credit card for those who like to eat out. With a generous payout percentage of 3% cashback on food and 1.5% on all other spend, no annual fee, an introductory offer of $300 and valuable extras, this is a great deal for the foodie who regularly spends money. There is no card rank. sample.
Best Credit Cards Of June 2023
Why Most other cards don’t have attractive or comparable additional benefits, or limit the amount you can earn to 3% (eg $500 per month), or have high annual fees. The main additional benefits of the card are 3% cash back at pharmacies and 5% on travel when booking through the Chase platform.
Plus, you can now use the link above (and here ) to get an extra 1.5% off all purchases in the first year. It’s unclear how long this promotion will last, but it’s a total of 4.5% cash back on dining, 4.5% cash back on drugstore spending, 6.5% cash back on travel booked through Chase, and everything else becomes 3%.
Note that the Freedom Unlimited beats the Freedom Flex in our rankings. This is because restaurants and pharmacies have 3% cash back, and other products have the same increased category of 1.5%. But if you’re a very active card user and don’t mind keeping up with changing categories, the Chase Freedom Flex offers additional categories that change every three months, like grocery stores and streaming services. This gives you a 5% refund. Such.
Citi Custom Cash Card (here): If monthly grocery purchases are less than $830, we recommend Citi Custom Cash. Get 5% automatic backup up to $500 each month on eligible top spend categories, no annual fee and a $200 referral bonus. Categories covered include groceries, restaurants, gasoline, transportation, pharmacies, home improvement stores, gyms and fitness centers, streaming services and entertainment. Citi automatically applies this 5% rate to the maximum rate at the end of the month.
How To Maximize Credit Card Rewards
However, the biggest downside to this card is that this income is divided by $6,000 per year and is capped at $500 per month. yes…
Capital One SavorOne Cash Rewards Card ( here ): SavorOne is recommended for grocery purchases over $830 per month. Get 3% back on products, food, streaming and entertainment, no annual fee and a $200 referral bonus. You won’t get as much on groceries as the Citi Custom Cash above, but you’ll end up getting more cash back if your monthly grocery purchases exceed $830.
The 5% Individual Cashback card offer is capped at $500 per month, but you only earn 1% on product purchases over that limit, but with SavorOne’s low payout rate alone, you’ll be 3% profitable and no profit. The branching point occurs when: Your monthly expenses exceed the above $830. $834 to be exact. You may have also noticed that you get the same 3% return on food as the Chase Freedom Unlimited, but 1.0% versus 1.5% on other things. It is still the best card for those who invest a lot in their home kitchen.
Bank of America Individual Cashbacks (here): BofA Individual Cashbacks are most recommended for online purchases. The best thing about this card is that you can get 3% more cash back when you shop online. Or, you can earn 2% back on food, gas, travel, drugstores, home improvement stores, etc., depending on your preferences, and 2% back on grocery stores and wholesale clubs. No annual fee and includes a $200 referral bonus.
Grocery Cash Back Credit Cards That’ll Save You Hundreds
What’s the worst thing about this card? Your income is limited. You must select one category and you can earn a higher 3% payout percentage only on your first purchase of $250,000 in the 3% and 2% categories each quarter, with a total annual limit of $10,000. But the good news is that for most people, $10,000 worth of online shopping is enough.
We recommend setting a 3% cashback per category. This category is one of the few low-fee cards that offers this, so it will be an online purchase for most people. Use this card for digital retail therapy only. Do not exceed your quarterly limit.
American Express Blue Cash Everyday Card (here): 2nd best. This card is only better than the individual BofA cash rewards mentioned above if you already bank with Amex and want to spend more. This is due to the low ceiling on high interest income. But other than that you can compare so that’s good too.
You get the same 3% cash back for online purchases, annual fees, and sign-up bonuses, but the 3% earning limit is lower at $6,000 per year. Still, it’s a good card, and the 3% cash back rate also applies to groceries and gas.
Best Credit Cards Offering 5% Cash Back
The Chase Freedom Unlimited gives you 3% cash back on food and groceries no matter how much you spend, but this card only gives you back the first $6,000 you spend in that category each year. Pay attention, esp. So this card has a 3% interest rate on online purchases, but as noted above, the annual limit you can earn at 3% is lower than the above $6,000 and $10,000 in individual cash rewards. .
Citi Custom Cash Card (here): For keen drivers, we recommend Citi Custom Cash. This is also the recommendation above for grocery purchases under $830 per month. we recommend
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