Saturday, 8 June 2019

Top CashBack Credit Cards

Top CashBack Credit Cards

Are you looking to get a high-value cash back credit card, I'm going to tell you the 5 best cashback credit card right now. When it comes to earning credit card rewards it doesn't get any simpler than cashback.

Usually, I talk about a travel credit card with earning miles and points but you just want to get cashback it's a really straightforward system, you spend money and you get a percentage back which can be used for a statement credit really easy

When the problem lies is there are so many cash back credit cards that it could be overwhelming, some cash back credit cards are good for a grocery or gas or offer high signup bonuses or some have annual fees and it can be really overwhelming to sift through all that data and see which is the best cashback credit card
Well, you don't have to worry I did all that research for you no headaches involved for you I'm going to share with you the 5 best cashback credit cards for different categories and by the end of this article, you will know which credit card is the best one for you.

Let Get Started

Be Responsible With Credit Cards

Before we get started I just want to say it's really important to have good credit card habits. 

If you plan on getting in debt with any of these credit cards or to pay interest, I don't recommend getting any of these cash back credit cards or credit cards in general, credit cards are just a tool to get really good rewards and that is pretty much it

You don't want to get any debt or spend more money than you have in the bank, I recommend getting the auto-pay feature anytime you get a credit card, so if you go into your credit card account online you could do the search auto payment

And you will have an auto payment option where you could actually automatically pay your credit card every single month in full, so essentially you are turning your credit card into a debit card.

1. Citi Double Cash Credit - For Everyday Spending

Let's start with our first category of general everyday spending. 

With this card, it's really simple and straightforward, 

  • You get 2% back on everything
  • You get 1% every time you make a purchase
  • 1% every time you pay the bill
  • If you spend a thousand dollars and pay off that thousand dollars, you get 2,000 point
  • No annual fee with this card.

basically, if you just want to earn 2% on everything you make, you don't want to have to worry about certain categories like grocery or gas and you don't want any headache and trying to redeem these point, the city double cash is definitely for you because it has no annual fees

If you make a purchase of $1,250, that comes out to 2,500 points and then you could redeem it for $25 cashback

2. American Express Blue Cash Preferred Card - For Groceries And Gas

  • You get 6% on groceries and supermarket
  • You get $6,000 to spend for the calendar year and then anything after that is 1% cashback
  • 3% cashback at US gas stations and certain department store then 1% cashback on everything else
  • You get 6% cashback if you spend $1,583 in us supermarket in a year. That is $95

This card does come with a little sign-up bonus, you get a $200 statement credit after spending $1,000 in 3 months and there is an annual fee of $95, so you want to make sure you do the math and you're getting more value out of this card than the $95.

To give you an idea of how you could get $95 cashback, if you spend $1,583 at US supermarkets in a year then you could get the $95 cashback and that is 6% back from the grocery store and you would be able to pay off your annual fee

3. Capital One Savor Card

This is the best cashback credit card with the big sign up bonus and waived annual fee. The capital one saver card is perfect for this category because

  • You get a $500 statement credit bonus after spending $3,000 in 3 months and the annual fee of $95 is waived the first year

With the annual fee of $95 is waived the first year that means you get to use all the benefits of capital one savor card if you eat at restaurants this card is perfect for you because you get 4% cash back at restaurants

2% cashback on groceries and 1% on everything else, and there is no cap or limit to the amount of cashback you could earn with this card.

4. American Express Wells Fargo Propel Card

This card gives you a signup bonus of $30,000 point or $300 after spending $3,000 in 3 months. And there is no annual fee.

  • There is no annual fee with this card, there is a bunch of great cashback categories 
  • 3 point per dollar spent on travel purchases such as flights, hotel, homestays like air B&B and car rentals
  • 3 point per dollar spent on eating out and ordering in restaurants
  • 3 point per dollar spent on gas stations
  • 3 point per dollar spent streaming services like Apple Music, Hulu, Netflix and 
  • 1 point per dollar spent everywhere else

My favorite thing about this card is you get free cell phone insurance with it, up to $600 covered. There is no other no annual fee card that offers cell phone insurance like this

5. Chase Freedom Card

This card offering a sign-up bonus of 15,000 chase ultimate reward points or $150 after spending $500 in 3 months and no annual fee ever

With the chase freedom card, you earn 5 points per dollar spent on bonus categories which change every single quarter or every 3 month

That means what you would have in this quarter will be different from the next quarter, so this quarter it could be PayPal, groceries or supermarkets

Next quarter it could be gas stations, warehouse stores like Costco, so every quarter is changing to get that 5% bonus and there is a limit of 7,500 points which you could earn per category which is $1,500 cap that you could earn at the 5% rate, after that it's just 1% back

Those are my top cash back credit card hope you find them useful

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