What Are the Best Bank Cards for Cashback Rewards?
John Shahidi: Which Cards Should You Consider?
Cashback rewards are a great way to earn money while you spend money. With so many credit card options available, it can be overwhelming to choose the best one. In this article, we will discuss the bestbank cards for cashbackrewards.
1. Chase Freedom Unlimited
Chase Freedom Unlimited is a popular credit card that offers 1.5% cashback on all purchases. This card is great for people who want a simple cashback program without worrying about rotating categories. Additionally, new cardholders can earn a $200 bonus after spending $500 in the first three months.
2. Blue Cash Preferred Card from American Express
The Blue Cash Preferred Card from American Express offers up to 6% cashback on select categories, such as U.S. supermarkets and streaming services. Cardholders also earn 3% cashback on transit and gas purchases. However, this card has an annual fee of $95.
3. Citi Double Cash Card
The Citi Double Cash Card offers 2% cashback on all purchases, with no limits or categories. This card is great for people who want a straightforward cashback program. Additionally, cardholders can earn a $100 bonus after spending $500 in the first three months.
4. Discover it Cash Back
The Discover it Cash Back card offers 5% cashback on rotating categories, such as gas stations, restaurants, and grocery stores. Cardholders can earn up to $1,500 in cashback per quarter. Additionally, Discover matches all cashback earned in the first year of card membership.
5. Capital One Savor Cash Rewards Credit Card
The Capital One Savor Cash Rewards Credit Card offers 4% cashback on dining and entertainment, 2% cashback at grocery stores, and 1% cashback on all other purchases. New cardholders can earn a $300 bonus after spending $3,000 in the first three months.
Investment Tips
When choosing a cashback credit card, it’s important to consider your spending habits and the card’s rewards categories. Additionally, it’s important to pay your balance in full each month to avoid accumulating interest charges. If you’re interested in investing your cashback rewards, consider opening a high-yield savings account or investing in a low-cost index fund. Remember, small investments can add up over time.
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