Discover helps remove your personal information from select people-search websites. Generally, three kinds of cash-back cards rule the market: flat-rate, tiered-rate and rotating category credit cards. Statement Credits on Instacart Purchases: Earn up to $10 per calendar quarter (for Freedom, Freedom Unlimited, Freedom Flex, and Freedom Student cardmembers) in statement credits on qualifying Instacart purchases from 8/1/2022 through 7/31/2024 when you activate a complimentary Chase Instacart+ membership on Instacart.com/Chase with your eligible Chase credit card. All other purchases earn 1% cash back. This bonus offer will be fulfilled as 20,000 ThankYou Points, which can be redeemed for $200 cash back. But now it pays a flat 1.5% on all purchases. 2. Or say your card earns 5% at the gas station; in that case, a $42 fill-up would earn $2.10. Rewards: Earn 5% cash back on travel purchased through Chase Ultimate Rewards, 3% cash back on eligible dining and drugstores and 1.5% on all other purchases. To get the card, you'll need to be a member of the Alliant Credit Union, but it's not difficult to join. Standard Chartered Unlimited Cashback Credit Card. But several cards give you back 2% or even more. 6% Cash Back on select U.S. streaming subscriptions. This card earns 2% cash back when you redeem your rewards into a SoFi Money, SoFi Invest or SoFi Crypto account, or when you apply them to the outstanding balance on a SoFi loan. Membership period for the user on the Chase credit card account referenced above will begin and end based on when the first user activates the membership on the DoorDash or Caviar mobile application. If you don't mind putting some work into your rewards, check out the. Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Capital One Venture X Vs. Chase Sapphire Reserve, secondary auto rental collision damage coverage, Blue Cash Everyday Card from American Express, A Forbes Guide To Choosing A Cash Back Credit Card, The 4 Best Apps To Track Credit Card Rewards, Blue Cash Preferred Card from American ExpressReview, Rotating quarterly categories earn 5% rewards when activated, up to a combined quarterly $1,500 maximum, Travel rewards rate rivals some of the best premium travel cards, Generous rewards rate in several other categories, Travel bookings must be made through Chase Ultimate Rewards to earn 5% cash back. This coverage is limited to two claims of up to $800 per claim and $1,000 per year. Also Read - Exclusive: HDFC Bank's RuPay Credit Card goes live on BHIM app, will be able to pay with credit cards through UPI at neighborhood shops. To view rates and fees for Blue Cash Preferred Card from American Express please visit this page. is one of many 1.5% flat-rate cash-back cards on the market. Serving as a cashback counterpart to B of A's Travel Rewards card, the Unlimited Cash Rewards card offers 1.5% cashback on every purchase. Contactless Cards - The security of a chip card, with the convenience of a tap. (subject to a $25 deductible). Apple Card $11,850 limit, 08/2019 . Others allow you to redeem cash directly into your bank account, while some offer to mail you a paper check. A credit score in or above the recommended range means you have a higher chance of approval, but doesnt guarantee it. MORE: Beware of minimum redemption requirements. You can find plenty of choices with no annual fee or reasonable fees if you want superior cash-back rewards. In past years,those categories have included common spending areas like grocery stores, restaurants, gas stations and Amazon.com. Then, a standard rate of 15.74% - 26.74% variable applies. The original 1.5% flat-rate cash-back card still holds its own in a now-crowded field. Cashing in on cash back youve earned from all those laborious swipes, taps and chip inserts will vary from issuer to issuer, but typically to redeem cash back youll make a request using an issuers app or website after youve logged into the mobile or online banking system. 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). Big spenders at US supermarkets and road warriors who frequently spend at US gas stations or transit like taxis, rideshares or transit can rack up impressive cash back rewards. Bonus rewards are capped in each category. Rewards: Earn 3% cash back on dining, entertainment, popular streaming services and grocery stores (which excludes superstores like Walmart and Target), 5% cash back on hotels and rental cars booked through Capital One Travel, 8% cash back on Capital One Entertainment purchases, and 1% on all other purchases. Make sure to choose one based on your spending pattern. Chase is not responsible for the provision of, or the failure to provide, DoorDash or Caviar benefits and services. Earn 5% on Chase travel purchased through Chase Ultimate Rewards, 3% on dining and drugstores and 1.5% on all otherRead More, A good overall spending card that allows you to hold a balance on new purchases with a low introductory APR, pay no annual fee, and still earn at least 1.5% cashback on all purchases, Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart andRead More. Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart and Read More Welcome Bonus $200 Annual Fee $0. You won't have to pay an annual fee Same page link to Pricing and Terms for all the great features that come with your Freedom Unlimited card. Cash back is the most flexible of all credit card rewards. Cash-back cards typically require less than $1,000 in spending to earn the bonus, so shift as much spending as possible to a new card until you earn the bonus. Card Details; Minimum spend: No minimum spend: Maximum cashback you can get: Unlimited cashback: Cashback amount: 1.5% on all spends: Annual fee: S$192.60 (1st and 2nd years annual fee waiver) Minimum annual income requirement: S$30,000 (Singaporeans, PRs) / S$60,000 (Foreigners) The Fifth Third 1.67% Cash/Back Card delivers a straightforward cashback program, and you'll be surprised by how quickly your cash back adds up. Welcome Offer: Earn 1.5% cash back bonus on everything bought in the first year as a cardholder on up to $20,000 in spending - that's worth up to $300 cash back in the first year. The stalwart Citi Double Cash Card gets high marks for pure value and simplicity: 2% cash back on every purchase 1% when you make it and 1% when you pay it off. All Rights Reserved. There's no minimum spending or maximum rewards. 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). However, this does not influence our evaluations. The Chase Freedom Unlimited was already a fine card when it offered 1.5% cash back on all purchases. All other purchases earn 1% back. 2. Flipkart Axis Bank Credit Card. Higher cash back percentages can be had on different cards for specific categories. 6% Cash Back on your first $1,500 in combined eligible purchases each quarter at two retailers you choose (like Amazon.com, Walmart, Target and more). Opens Chase Credit Journey in a new window, No Foreign Transaction Fee Credit Cards (28), Wholesale Club Visa Card Acceptance Credit Cards (16), SAFE Act: Chase Mortgage Loan Originators, https://help.doordash.com/consumers/s/article/offer-terms-conditions?language=en_US, help.doordash.com/consumers/s/article/offer-terms-conditions, 5% cash back on all travel purchased through Chase Ultimate Rewards, 3% cash back on dining at restaurants, including takeout and eligible delivery services. Our pick for: Bonus rewards quarterly categories + cash bonus, Our pick for: Bonus categories quarterly categories + cash-back match. Use the card's shopping portal for extra rewards. After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases. If you drive, the OCBC 365 Card offers amazing cashback of 5% on fuel spend at all petrol service stations and up to . Qualifying orders containing alcohol will be charged a $0.01 Delivery Fee. However, credit card points usually have one or more alternate redemption options that are still relatively simple yet provide a greater return. It earns up to 2.5% cash back with no categories to track on up to $10,000 in purchases each billing cycle with qualifying accounts. Opens Hotel Credit Cards page in the same window. Other Benefits and Drawbacks: In addition to the useful bonus categories, the Chase Freedom Flex offers purchase protection and extended warranty protection. 1% Cash Back on other purchases. Statement credits will be issued for the calendar quarter in which the transaction posts to your account. Best for Flat-rate cash back: High ongoing rate + incentives, Earn unlimited 2% cash rewards on purchases. Up to 1.5%. After that, 16.24 %- 22.24 % variable APR. You'll earn 3% cash back in a category you choose and 2% at grocery stores and wholesale clubs, on up to $2,500 per quarter in combined spending in those categories. Chase Freedom Unlimited credit cards are issued by JPMorgan Chase Bank, N.A. Flat-rate cards typically pay 1% to 2% on everything. You can snag a bonus by openinga SoFi Money or SoFi Invest account (see terms), and there's also a way to reduce your APR. Some cash-back cards charge you a percentage of every purchase you make abroad. ("Purchases" do not include balance transfers, cash advances, travelers checks, foreign currency, money orders, wire transfers or similar cash-like transactions, lottery tickets, casino gaming chips, race track wagers or similar betting transactions, any checks that access your account, interest, unauthorized or fraudulent charges, and fees of any kind, including an annual fee, if applicable.) Thinking about getting The Disney Bundle which includes Disney+, Hulu, and ESPN+? Cash-back credit cards offer the most useful and flexible rewards currency there is: cash. Instead, consider the, You get 5% cash back on up to $1,500 in spending per quarter in categories that you activate and unlike with some cards, the 5% categories include places where a lot of people spend a lot of money. * Same page link to Offer Details, Covers your new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit. $0 intro annual fee for the first year, then $95. Few perks. Cashback credit cards possess various amazing features of unlimited cashback credit card, which are listed below: 1. The Chase Freedom Unlimited credit card awards 1.5% cash back for every $1 spent on all purchases. Additionally, these cards do not include an annual fee. In that case, a low-interest card is probably a better choice. (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). 2. ALSO CONSIDER:Best credit cards of 2022 ||Best rewards credit cards ||Best travel credit cards ||Best 0% credit cards. 50,000; Other benefits Your existing membership will automatically renew based on the Instacart+ Terms previously agreed upon unless you cancel. ** Same page link to disclaimer. Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 17.74% to 28.74%. The original 1.5% cash-back credit card is still getting it done, even after being challenged by a wave of competitors. Chase is not responsible for the provision of, or the failure to provide, Instacart benefits and services. SCBSL makes no warranties, representations or undertakings about the Third Party Website. The categories might not be a good fit for everyone. It might be the most customizable cash back card available. An additional 1.5% cashback is available if you deposit S$100,000 into the Unlimit$aver account with the bank. Those earnings are accumulated in your cards rewards account and you can redeem the rewards according to your issuers requirements. ** Same page link to disclaimer, Extends the time period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of three years or less. Even with a $0 intro annual fee for the first year, then $95 annual fee, the high rewards on U.S. supermarkets and U.S. gas stations can help offset the expense for many families. Bonus rewards: 5%/3% categories + high ongoing rate. If you dont want the fuss of remembering which of your cards have which bonus categories, opt for a flat-rate card. You'll earn 8% back on Capital One Entertainment purchases and 3% back on dining, grocery stores, eligible streaming services and entertainment. . This cards 6% cash back rate at U.S. supermarkets (on up to $6,000 a year in spending, then 1%) and its 3% rate at U.S. gas stations have long made it a NerdWallet favorite. These programs, like Chase Ultimate Rewards or Citi ThankYou points, build in flexibility. Discover will automatically match all the cash back youve earned at the end of your first year! Others let you redeem any amount at any time. The sign-up bonus is smaller than on the annual-fee version, too, but it's still solid. is for you. Offer Details. These are provided as guidelines only and approval is not guaranteed. Unlimited Cashback Credit Card Doubles Up As An EZ-Link Card. Annual Fee: $0 Activating the bonus categories each quarter can be a hassle. Mobile applications, websites and other information provided by Instacart are not within Chase's control and may or may not be available in Spanish. If you are applying for your first credit card with Mashreq, you will get AED 500. You can find any number of cards with higher rewards rates. If you currently have a paid or trial Instacart+ membership, you agree that your existing membership will be paused for the duration of this benefit and resume upon expiration. For example, if your card earns 2% cash back on all purchases, and you buy something for $80, then you would earn $1.60 in cash back. Pay $0 intro plan fees on plans created during the first 12 months after account opening. Check your cards terms and conditions to make sure you dont accidentally lose any earnings. 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. Opens in a new window containing additional reviews. Future Lyft products or services may not be eligible for additional Cash Back. Not all card issuers offer shopping portals, but its worth checking. Theres no one best cash-back card that will earn the most rewards for everyone. Member FDIC. 24/7 customer service. No minimum to redeem for cash back. (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). Some cash-back cards have a good 0% intro APR period, but most do not. Credit Card Funds Transfer is another financial service that we can access with the Standard Chartered Unlimited Cashback Credit Card. Find out how at chase.com/digital/spend-instantly Opens in a new window. Current value of the DashPass membership is as of 04/01/2022. Enjoy 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. Some cash-back cards also allow you to redeem cash back by applying it to purchases. INTRO OFFER: Unlimited Cashback Match only from Discover. Cash-back cards typically require less than $1,000 in spending to earn the bonus, so shift as much spending as possible to a new card until you earn the bonus. The welcome bonus offer also adds to the appeal. Now it's even better, with bonus rewards on travel booked through Chase, as well as at restaurants and drugstores. For anyone on the hunt for a pared-down cash back card, the unlimited 1.5% back on every purchase and flexible redemption policies make the Capital One Quicksilver Cash Rewards Credit Card a good option. Bank of America, N.A. Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. Restrictions and limitations apply. The expiration date, if there is one, on any cash-back rewards youve earned from your card depends on your credit cards policies. Options include Amazon, Walmart, Target, Best Buy, Home Depot and more. 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). Simplicity is this card's strength, but if you're willing to put in a little effort, you can score bigger cash back with other options, especially those with bonus categories. Make sure you meet the minimum spending requirement to qualify for the bonus, otherwise you could miss out on hundreds of dollars. Rewards Categories: Merchants who accept Visa/Mastercard credit cards are assigned a merchant code, which is determined by the merchant or its processor in accordance with Visa/Mastercard procedures based on the kinds of products and services they primarily sell. Annual Fee: $0 intro annual fee for the first year, then $95 Please note: We make every effort to include all relevant merchant codes in our rewards categories. If you're willing to put in a little work, it's one rich card. The rewards might not be as rich as on the. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors. There's a good bonus offer for new cardholders, too. 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. Complimentary Instacart+ Membership: You will receive one complimentary Instacart+ membership per eligible card account for 3 months (for Freedom, Freedom Unlimited, Freedom Flex, Freedom Student, Slate, and Slate Edge cardmembers) when the membership is activated on http://www.instacart.com/chase with an eligible card between 6/15/2022 and 7/31/2024. There's no 0% intro period for purchases and no bonus categories, but the high rewards rate more than makes up for the lack of bells and whistles. Annual Fee: $0 She's a credit card enthusiast and digital nomad who has leveraged credit cards to travel around the world for next to nothing, often in style. Chase isn't responsible for (and doesn't provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the Chase name. Discover will automatically match all the cash back you've earned at the end of your first year! Thats because you can transfer the points earned on your Freedom Flex to one of these premium cards where they can be redeemed for 25% to 50% more value through Chase Ultimate Rewards or Pay Yourself Back. Otherwise, you earn 1.5% cash back on new net retail purchases. Here are the best cashback credit cards offered by top banks. If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. Click "Apply Now" to see terms and conditions. The $50 will be reflected in . We group similar merchant codes into categories for purposes of making rewards offers to you. Thats especially true when they're compared with travel cards, which can be aspirational visions of earning a free flight to Bora Bora in first class or a night at a swanky hotel in New York City. PROMO: Get S$300 cash and win up to S$30,000 worth of prizes. 2022 Forbes Media LLC. Rotating bonus category credit cards offer a high cash-back rate, typically 5%, in specific categories that change periodically usually every three months. Enrollment required. Redemption values for reward options vary. Forbes Advisor estimates that the household has $32,072 in expenses that can be reasonably charged to a credit card. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Earn unlimited 3% cash back on purchases made with the card through PayPal and unlimited 2% cash back on all other purchases. A balance transfer fee of up to 5% of the amount transferred applies (Forbes Advisors offer may be different from the publicly available offer). Plus, earn unlimited 1% cash back on all other purchases automatically. Cashback credit cards provide you cashback on all your spends, but most of them come with accelerated cashback offers on selected categories. Cash Back rewards do not expire as long as your account is open! 3% Cash Back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%). Enrollment required. For example, some cards offer elevated rewards on dining or travel and a lower rate on other areas of spending. Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It to split up large purchases into monthly installments. Annual Fee: $0 It pays unlimited 1.5% cash back on everything and comes with a sign-up bonus. With the EZ-Reload feature, your Unlimited Cashback Credit Card will automatically reload by $50 if your EZ-Link balances dips below $0. Performance information may have changed since the time of publication. Earn unlimited 2% cash rewards on purchases. Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart and Target), plus 1% on all other purchases Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024 Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening! Often, it counts everything you buy in the associated convenience store, too, although a few cards count only gas paid for at the pump. Capital One SavorOne Cash Rewards Credit Card, Best for Bonus rewards: High rates on dining, groceries and more. No annual fee - You won't have to pay an annual fee for all the great features that come with your Freedom Flex card. Once your account is opened we will send you a Guide to Benefits, which includes a full explanation of coverages. You earn 2% cash back on every purchase 1% when you buy something and 1% when you pay it off. And like many cash-back cards, this one's not ideal for traveling abroad, thanks to its foreign transaction fee. It might be the most customizable cash back card available. Fifth Third customers can apply in a branch, via phone or digitally if registered for Online or Mobile banking. Read More: How Many Credit Cards Should I Have? Same page link to pricing and terms reference. For example, airline cards often offer free checked bags and priority boarding. Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back! No annual fee You wont have to pay an annual fee for all the great features that come with your Freedom Unlimited card. Enjoy an exclusive joining bonus with Cashback Credit Card. You can earn $100 cash back for each friend who gets any participating Chase Freedom credit card. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. The Forbes Advisor editorial team is independent and objective. You usually have to "activate" the category online to qualify for the higher rate. Nobody can change the value of it, and you can spend it anywhere. The best cash-back credit card is the one that best fits your lifestyle and spending habits. Payment through third-party payment accounts, or online or mobile digital wallets (like Apple Pay and Google Pay), or memberships purchased through third parties are excluded from this offer. 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). To help you find a cash-back card that fits your spending patterns, Forbes Advisor has assembled our picks for the best cash-back credit cards of 2022. 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). We apologize for the inconvenience. Savor & SavorOne Rewards Earn more cash back on staying in or going out. Should You Consider an Unlimited Cashback Credit Card? However, even though a merchant or some of the items that it sells may appear to fit within a rewards category, the merchant may not have a merchant code in that category. Blue Cash Preferred Card from American Express. There are four types of cashback cards: 1. Read our review. Thats because cards with annual fees often have more lucrative rewards like higher cash-back rates for some or all of your spending. Every time you make a purchase with your card, youll earn a percentage back on your spending. Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. If your cash-back categories overlap, youll wind up with redundant cards in your wallet. Qualifying Lyft products and services include rides taken in Classic, Shared, Lux, or XL modes; bike and scooter rides; and subscription and membership products. A higher rewards rate on one card could be a better deal than a card with a bonus and a lower rate, depending on how much you spend and where you spend it. With rotating bonus category cards, you will earn higher-than-average rewards, typically about 5%, on specific areas of spending up to a quarterly maximum. , 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. Think of it this way: A cash-back rewards card is like getting a discount on everything you buy with the card. Terms Apply. Best for Flat-rate cash back: High ongoing rate. 6% Cash Back on select U.S. streaming subscriptions. This is a credit facility offered via our credit card that allows us to convert the credit line on our credit card to cash for financing purchases. Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. You also earn 5% cash back on travel purchases made through Chase Ultimate Rewards and 3% cash back on dining purchases at restaurants, including takeout and eligible delivery services, and drugstores. Amazon.com Shop with Points service terms apply. How you can earn points: Youll earn points on purchases of products and services, minus returns or refunds, made with a Chase Freedom Unlimited credit card by you or an authorized user of the account. Instead of points that you have to figure out how to redeem and that you might not be able to redeem for something you want you get real dollars and cents you can use for, well, anything. Opens Student Credit Cards page in the same window. Welcome Offer: Earn $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months. Once again, cash back is the easiest and most straightforward option. Earn 20% back as a statement credit on purchases when you use your new Card to check out with PayPal at merchants in the first 6 months of Card Membership, up to $150 back. 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 18.74% 27.49%. There's no minimum spending or maximum rewards. What are the rules for getting your cash back? Our pick for: Customizable rewards 5% cash back tailored to your spending, Our pick for: Customizable rewards 3% categories you can adjust monthly. If you don't mind putting some work into your rewards, check out the U.S. Bank Cash+ Visa Signature Card. No rotating bonus categories to sign up for as your spending changes each billing cycle, your earn adjusts automatically when you spend in any of the eligible categories. We will mail your Rewards Program Agreement once your account is established. Plus, enjoy access to our Online Shopping portal with 100s of exclusive discounts. There's a great 0% intro APR period and a strong welcome offer, among other benefits. Its essentially free money. So it applies to groceries, cleaning supplies, toiletries, prepared meals and anything else bought at the supermarket. It offers slightly simpler rewards-earning categories compared to the Freedom Flex, though we think most people will earn a bit more with the Freedom Flex. Past performance is not indicative of future results. The same log in credentials must be used on DoorDash and Caviar in order for the DashPass benefit to be used on both applications. Get up to S$200 cashback Member-Get-Member Promotion Get up to S$200 cashback Receive S$80 cashback when you activate your physical Simply Cash Credit Card within 30 days of card approval date. This is just one scoring method and a credit card issuer may use another method when considering your application. Standard Chartered Unlimited Cashback. Sometimes called "dining" this usually includes everything from fast-food restaurants and pizza delivery to white-tablecloth fine dining. Gas stations. If you prefer that we do not use this information, you may opt out of online behavioral advertising. NerdWallet's Credit Cards team selects the best cash-back credit cards based on overall consumer value, as evidenced by star ratings, as well as their suitability for specific kinds of consumers. The Chase Freedom Flex charges no annual fee and features valuable bonus categories, which makes it a good choice for almost anyone looking to earn cash back. Use this link to create an account and connect your credit score with TransUnion to get an estimate of your approval odds based on your credit score and other factors. Heres a quick look at their advantages and disadvantages compared with other types of cards. Offer subject to change. You also get bonus rewards at grocery stores and supermarkets, plus a great new-cardholder bonus offer. After youve identified how much you spend in different areas and what other card features could benefit you, youre ready to compare credit cards and shop for the best one for you. If you carry a balance from month to month, the interest can quickly gobble up more than you're earning in cash back. Current credit cards you are the primary account holder of: Local credit union card w/ flat 1% cashback $2,500 limit, 09/2014 (not an authorized user, but this is a joint account if that makes a difference) . Earn 5% cash back in categories that rotate quarterly on up to $1,500 when enrolled, 5% on travel purchased through, Earn 5% on Chase travel purchased through Chase Ultimate Rewards, 3% on dining and drugstores and 1.5% on all other, Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart and. Or, for a card with an annual fee, it might compensate for the annual fee for a few years. MoneySmart Exclusive: Apply and spend S$250 to get an Apple AirPods Gen 3 (worth S$269) or Nintendo Switch Lite (worth S$279) or S$250 Cash via PayNow. But sometimes, you just want to earn rewards in a way you can easily understanddollars and cents. 1% Cash Back on other purchases. Thats especially true when they're compared with. Theres a minimum cash back redemption of $25. 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Instant Digital Credit Card with Unlimited Cashback You can apply for an Instant Digital Credit Card online through 'MyInfo' Standard Chartered. Best for Bonus rewards: 5% categories tailored to your spending. Some cards have a threshold amount maybe you need to earn $25 in cash back before you can redeem, for instance. Best Unlimited Cash Back Credit Cards Best Overall: Wells Fargo Active Cash Card Frequently, cash-back cards focus only on the rewards rather than travel benefits, statement credits toward select purchases or other perks. Best 5% Cash Back Credit Cards Featured Partner Offer Chase Freedom Flex Apply Now On Chase Bank USA, NA's Website 5.0 Up to 5X Reward Rate Earn 5% cash back in categories that rotate. Citi Double Cash Card. Before applying, confirm details on the issuers website. 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. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. With Mashreq Cashback credit cards, you can enjoy unlimited cashback on each credit card since there is no maximum limit for accruing cashback offers. , but this card doesn't charge an annual fee either. 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. To be eligible for this bonus offer, account must be open and not in default at the time of fulfillment. To earn cash back, pay at least the minimum due on time. * Same page link to Offer Details Plus, earn 5% cash back on grocery store purchases (excluding Target and Walmart)* Same page link to Offer Details on up to $12,000 spent in the first year (that's $600 cash back!). applications or free checked bags or early check-in at a hotel. Excellent customer service, awesome reward points, very good fraud protection, one of the best cards ive ever had. Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart and Target), plus 1% on all other purchases. Many credit cards in Singapore advertise remarkably high rebate rates-sometimes up to 10%. If you have a card with rotating cash-back bonus categories, make sure to activate the categories every quarter so you dont miss out on 5% cash back on featured categories like restaurants, wholesale clubs, gas stations, groceries and more. The Contactless Symbol and Contactless Indicator are trademarks owned by and used with the permission of EMVCo, LLC. Click Apply Now to see terms and conditions. A cash-back credit card allows cardholders to earn a percentage back on eligible credit card spending. 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 Discover it Cash Back earns bonus cash back in quarterly categories that you activate. For more information about Chase rewards categories, see chase.com/RewardsCategoryFAQs Opens in a new window. Online credit card malls, 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. The Bank of America Customized Cash Rewards credit card gives you a little more control over your credit card rewards by letting you choose which category earns the highest cash-back rate, from a list that includes gas stations, restaurants, travel and others. Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months, 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 18.74%, 23.74%, or 28.74% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5, No categories to track or remember and cash rewards don't expire as long as your account remains open, Enjoy a premium collection of benefits at a selection of the world's most intriguing and prestigious hotel properties with Visa Signature Concierge. Compared to other cashback cards like UOB One (Up to 15% cashback), OCBC 365 (8% cashback), and POSB Everyday Card (Up to 10% cashback), the <1.7% cashback doesn't hold a candle to those rebates. Other spending earns 1% cash back. No minimum to redeem for cash back. With its 3% cash back rate in those categories, it's a win for socialites that don't want to pay for an annual fee. . 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%. Citi Double Cash Card. 5% in Rotating Categories | 2% on Everything | $100 - $500 Cash Bonus Cards with 5% Cash Back in Rotating Categories And others might allow you to transfer cash-back points to another card program where strategic use might yield better value. Most benefits are underwritten by unaffiliated insurance companies who are solely responsible for the administration and claims. You can get 2% cash . Some cash-back rewards never expire and others may require card activity to keep your rewards from expiring. We'll alert you of any new activity on your credit report and usage, in order to help detect any potential fraud. Rewards: Earn 2% cash rewards on purchases. And you get that rate automatically; it's customized to your spending. Citi Cash Back Credit Card. Please visit americanexpress.com/benefitsguide for more details. Receive instant access to your card by adding it to a digital wallet, like Apple Pay, Google Pay or Samsung Pay. Cash back points can be redeemed through Ultimate Rewards with no minimum. Means you won't be held responsible for unauthorized charges made with your card or account information. Credit Journey provides you with personalized insights to help you build, monitor and protect your credit health. New cardholders who apply through NerdWallet get this bonus offer: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back! See full terms and conditions at: help.doordash.com/consumers/s/article/offer-terms-conditions. Opens MasterCard Credit Cards page in the same window. Many card issuers offer proprietary points instead of traditional cash back. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. * Same page link to Offer Details, Decline the rental company's collision insurance and charge the entire rental cost to your card. There are no bonus categories to track or spending limits to be mindful of. that determine how you accumulate cash rewards. pays elevated rewards at U.S. supermarkets, at U.S. gas stations and on U.S. online retail purchases. Travel rewards, such as airline miles or hotel points, can be strategically redeemed to get outsized value. 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. Special features of the card- Bonus rewards: Quarterly categories + cash-back match. . Chase's website and/or mobile terms, privacy and security policies don't apply to the site or app you're about to visit. In addition to 6% back on up to $1,500 a quarter in combined spending at your two chosen retailers, you earn 3% on up to $1,500 per quarter spent in an "everyday" category like gas, wholesale clubs or bills and utilities. 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. Its also much simpler and doesnt require a time investment in order to redeem rewards. These ads are based on your specific account relationships with us. All other purchases earn 1.5%, charges no annual fee and requires cardholders meet certain requirements before earning cash back, including membership with the credit union. The Discover it Cash Back card will automatically match all of the cash back youve earned at the end of your first year, with no limits. Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Relationship-based ads and online behavioral advertising help us do that. But the card also features a generous sign-up bonus: Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months.. On top of that, it also offers a 0% intro APR on Purchases for 15 months and 0% intro APR on Balance Transfers 15 months from account opening on qualifying balance transfers, and then the ongoing APR of 18.74%, 23.74%, or 28.74% Variable APR. Purchases submitted by you, an authorized user, or the merchant through third-party payment accounts, mobile or wireless card readers, online or mobile digital wallets, or similar technology will not qualify in a rewards category if the technology is not set up to process the purchase in that rewards category. Rs.500. And unlike competitors, there's no activation schedule or bonus calendar to keep track of. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors. You can opt-in for Discover to remind you when the bonus category changes. That means you could earn 3.75%-5.25% cash back on purchases in your choice category. Only Discover has unlimited Cashback Match: we'll match all the cash back you've earned on your cash back credit card at the end of your first year. What kinds of cash-back credit cards are there? 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. 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). Be sure to check with your bank or financial institution and a tax advisor to be certain. Statement credit(s) will post to your account within 48 hours of your qualifying Instacart purchase posting to your account and will appear on your monthly credit card billing statement within 1-2 billing cycles. The exact way in which youll receive your money also varies by card, with some allowing you to receive a reward as a statement credit against your balance and others also allowing you to receive cash back as a deposit or check. If you spend $60 at a restaurant using a card that gives 3% back on restaurant spending, you just earned $1.80 for doing nothing. By submitting your feedback, you agree Bank of America, its affiliates and any authorized parties may use, commercialize or reproduce the feedback without restriction or any compensation to you. Rotating bonus category cards sometimes designate specific retailers for bonus rewards for a quarter, such as Amazon or Walmart. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Select Apply Now to learn more about the product features, terms and conditions, 5% cash back on quarterly rotating spending categories throughout the year (activation required), Discover will automatically match all the cash back youve earned at the end of your first year, 5% bonus cashback rate is limited to $1,500 per quarter in spending, Bonus categories must be activated quarterly, Low 1% base reward rate on everything else. UOB Absolute Cashback Credit Card is a great card for those who want to earn easy cashback on all spend without worrying about caps and restrictions. Cash is king for flexibility. Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year). Zero Liability: Zero Liability Protection does not apply to use of an account by an authorized user without the approval of the primary cardmember. Book your travel with Chase Ultimate Rewards for competitive rates and flexible ways to pay. However, other fees (including service fee), taxes, and gratuity on orders may apply. 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. After that, 17.74% - 28.74% variable APR. Purchase of gift cards, car rentals, vehicle service centers, miscellaneous fees, and other Lyft products and services are excluded from this promotion. New longer intro period! The card also offers a higher-than-usual rate on spending outside its bonus categories. Thats because, cards with annual fees often have more lucrative rewards. It's even more attractive with its current welcome bonus of S$250 Grab vouchers for new-to-UOB Credit Cardmembers. Visit credit card homepage Card Details Interest Rates & Fees Rewards Security & Features Connect one on one with a credit card specialist Schedule an appointment $0 Liability Guarantee. Hence, the bigger your spendings, the bigger cashback you can fetch. Before you leave, please take a moment to answer these 4 simple questions. There are three basic kinds of cash-back credit cards: Flat-rate cards pay the same cash-back rate no matter what you buy. Some cards allow you to take the cash back as a statement credit, which can lower your next credit card bill. You are now leaving the Standard Chartered Bank (Singapore) Limited (SCBSL) website to access a third party website ("Third Party Website"). The annual fee is high for a cash-back card, but the stellar rewards rates on the. See our best rewards cards for a range of credit cards that earn cash, points or miles. 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. Terms apply. Co-branded Benefits. Still, while travel dreams are more exciting than another $90 in cash back on your credit card statement, cash-back credit cards might actually be the right choice for most people. New cardholders can snag this sign-up bonus: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Great card for everyday purchases and racking up bonus points! There's also a generous sign-up bonus, not to mention an intro APR offer. You'll earn 2% cash rewards on all purchases, among the best rates on the market for products in its class. See rates & fees) is one you may want to consider. ** Same page link to disclaimer reference These benefits are available when you use your card. You also earn 5% cash back on travel purchases made through Chase Ultimate Rewards and 3% cash back on dining purchases at restaurants, including takeout and eligible delivery services, and drugstores. Theres no one best cash-back credit card for everyone. When evaluating offers, please review the financial institutions Terms and Conditions. The Standard Chartered Unlimited Cashback Credit Card provides an unlimited 1.5% cashback on your online and physical shopping activities with no minimum spend amount and maximum cashback limit. Many cards also allow you to redeem cash back as a direct deposit into a bank account, and some will even mail you a paper check if you request it. But if you rarely shop for groceries, you might get more utility out of a card that earns an unlimited 4% cash back on dining and entertainment, 2% on groceries and 1% on all other spending. 1.5% unlimited cashback on online and 1% unlimited cashback on offline spends is decent. And co-branded travel cards for airlines and hotel companies might give you perks no other card will. Every travel program has sweet spots where a single point or mile could be worth five or ten cents each when redeemed strategically. You typically dont want to carry a monthly balance with rewards cards, but some cash-back cards offer 0% intro APR periods on new purchases, balance transfers or both. * Same page link to Offer Details And there is no minimum to redeem for cash back. There's also a generous sign-up bonus, not to mention an intro APR offer. , be sure to get cards that complement one another's rewards structures. Plus, earn unlimited 1% cash back on all other purchases automatically. You'll earn 8% back on Capital One Entertainment purchases and 3% back on dining, grocery stores, eligible streaming services and entertainment. Your responses will help us improve the Bank of America digital experience for all our customers. These simple cards earn the same percentage for nearly every type of purchase. Some cards pay a single, flat rate on every purchase, while others pay higher rates in specific categories and a lower rate on everything else. Terms apply. Many or all of the products featured here are from our partners who compensate us. Earn 6% cash back at U.S. supermarkets, on up to $6,000 per year in purchases (then 1%); Earn 6% cashRead More, $0 intro annual fee for the first year, then $95. Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back. after you spend $2,000 in purchases on your new Card within the first 6 months of Card Membership. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc. Every card presents cash-back rewards in different ways. Your applicable Chase credit card account must be open and not in default to maintain membership benefits. Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 18.74% 27.49%. Preferred Rewards members earn 25%-75% more cash back on every purchase. Points can also be transferred at a 1:1 ratio to Chases airline and hotel partners including United and Hyatt. Cash-back credit cards are an excellent way to earn rewards with every qualifying purchase on your credit card. Discover does offer handy perks for customers. Earn 6% back at U.S. supermarkets on up to $6,000 spent per year (then 1% back); 6% on select U.S. streaming services; and 3% back at U.S. gas stations and on transit. Earn unlimited 1.5% cash back on every purchase, every day. * Same page link to Offer Details, Earn 5% on travel purchased through Chase Ultimate Rewards. If you carry a balance, youre likely to pay more in interest than you earn in cash-back rewards. SUBMISSIONS ARE NOT EDITED BY CHASE NOR DO THEY NECESSARILY REPRESENT/REFLECT THE VIEWS/OPINIONS OF CHASE. Whether you want to pay less interest or earn more rewards, the right card's out there. Cash-back cards tend to be far easier to understand and use than other types of cards that leave you wondering whether youre getting the most value out of them. The annual fee will be a sticking point for some, but the rewards will offset the fee if you spend just $31 a week at the supermarket. Cardholders earn 1.7% limitless cashback on all spend categories typically excluded from other cards, such as: insurance, school fees . Intro Offer: Unlimited Cashback Match - only from Discover. Please contact us directly if you have any account or service related issues. So a bonus category like digital streaming services might be comparatively less valuable because while you might spend money on Netflix and Spotify, you probably dont spend very much. AT A GLANCE. Card details Highlights One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening Opens All Credit Cards page in the same window. Carrying a balance from month to month incurs interest charges that can eat up the value of your rewards. Capital One Quicksilver Cash Rewards Credit Card, Best for Flat-rate cash back: Bonus offer + intro 0% period. If you expect to carry a balance, look for a low-interest credit card instead. Below, you'll find application links for the credit cards from our partners that are available through NerdWallet, followed by the full list of our picks. The study found that domestic travelers who spend less than $8,600 per year on travel earn more rewards with a cash-back card than a travel rewards card, especially if they hold the card a long time. 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