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Credit Cards: Cash Back Cards

Credit Cards: Cash Back Cards

November 08, 2023

Cash-back credit cards have gained immense popularity in recent years, and for good reason. These cards offer a simple and effective way to put money back into your pocket with every purchase you make. Whether you're a frequent shopper or a budget-conscious consumer, cash-back credit cards can help you save on everyday expenses. In this blog post, we'll introduce you to some of the best cash-back credit cards available, each offering unique features to maximize your savings.

Blue Cash Preferred® Card from American Express

The Blue Cash Preferred® Card from American Express is an excellent choice for individuals and families looking to save on everyday spending, particularly in categories like groceries and streaming services.

Key Features:

  • Earn $300 cash back as a welcome offer after spending $3,000 within the first six months.
  • 6% cash back at U.S. supermarkets (up to $6,000 per year, then 1%).
  • 6% cash back on select U.S. streaming subscriptions.
  • 3% cash back on transit purchases, including rideshares, parking, and tolls.
  • 3% cash back at U.S. gas stations.
  • 1% cash back on all other purchases.
  • Annual fee applies.

Why it's a top choice: The Blue Cash Preferred® Card shines in the grocery and streaming categories, offering one of the highest cash-back rates in the industry. If you spend significantly on these items, the card's rewards can quickly offset the annual fee.

Citi® Double Cash Card

The Citi® Double Cash Card is a straightforward and versatile cash-back credit card that rewards you for every purchase you make.

Key Features:

  • Earn 2% cash back on every purchase: 1% when you make the purchase and an additional 1% when you pay it off.
  • No annual fee.
  • Balance transfer offer available.
  • Introductory 0% APR for balance transfers for 18 months (fees apply).

Why it's a top choice: The Citi® Double Cash Card is ideal for those who prefer a no-fuss, flat-rate cash-back card. With 2% cash back on all purchases, it's easy to accumulate rewards without the need to track categories or spending limits.

Discover it® Cash Back

The Discover it® Cash Back card is perfect for cardholders who appreciate rotating categories and enjoy maximizing their cash back through seasonal promotions.

Key Features:

  • 5% cash back in rotating quarterly categories (up to a quarterly maximum) after activation.
  • 1% cash back on all other purchases.
  • Cashback match for the first year, effectively doubling your cashback earnings.
  • No annual fee.
  • Free FICO credit score monitoring.
  • Introductory 0% APR for purchases and balance transfers.

Why it's a top choice: The Discover it® Cash Back card's rotating categories and cashback match offer can lead to substantial savings. Cardholders can enjoy higher cash-back rates on various types of purchases throughout the year and benefit from the first-year cashback match.

Cashback credit cards are a fantastic way to earn money back on your everyday spending. The Blue Cash Preferred® Card from American Express, Citi® Double Cash Card, and Discover it® Cash Back are just a few of the top options available. When choosing the best cash-back card for your needs, consider your spending habits and the card's rewards structure. No matter which you choose, a well-matched cash-back credit card can help you make the most of your hard-earned money while enjoying the convenience and benefits of using credit.