A cash back credit card is a card type that can offer a part of the money spent on the card back in the cash. The cash back that the credit card holder gets either come in a check form, or it might be received at the end of the each statement. However, this greatly depends on the card’s terms.
How much cash back a cardholder gets depends on the fact that where the card has been used. On average, there is usually a minimum of 1% cash back on a total purchase that a cardholder gets. There are different types of the cash back credit cards available that one can grab to enjoy the perks that they offer. Let’s look at the six best cash back credit cards currently available for the seekers.
A person that holds this credit card will be able to enjoy 1.5% cash back on every single purchase that the cardholder makes using this credit card. However, the cash back rate can also be increased up to 1.8% that will depend on how often the cardholder uses this card and also on the willingness of the cardholder to deposit the cash back into the deposit account of the Citizens Bank. There is no limit to the cash back amount that the cardholder can earn. There is no annual fee and no rotating enrollments or categories to keep track of. There aren’t any variable purchase APR of 14.99% or 17.99% or 20.99% that will also be based on the creditworthiness of the cardholder. There isn’t any penalty APR on the late payments and also no foreign transaction fee.
This is also one of the best cash back credit cards that offer 2% cash back on the purchases. There can be a 1% cash rebate on every single purchase, and then there can be a 1% rebate that will be eligible for the payments that the cardholder makes on such purchases. This card doesn’t have any annual fee, and it rewards the cardholder with the cash back twice with the 1% unlimited on the purchases and 1% as the cardholder pays for such purchases. For the first 18 months, there is 0% intro APR on the balance transfers. After the first 18 months, the variable APR would be like 13.24% to 23.24% that will be based on the cardholder’s creditworthiness. There are no caps and no category restrictions as well.
This is another good option for the cash back credit card seekers. This card will earn the cardholder 1.5% cash back on the purchases. In addition to that, when the cardholder redeems that cash, then he will also be able to enjoy a 5% bonus of redeemed amount that will set the cardholder to the next level. To redeem, the cardholder needs to earn $50 in the cash back, and the 5% bonus would not be available to the cardholder unless the next time the cardholder have a minimum of $50 earning. This extra bonus boosts the cash back percentage a little more up to 1.575% that is a good thing to watch out. This credit card also doesn’t have any annual fee and there are the three different levels of interest rates, such as 14.99%, 18.99%, and 22.99% that will be based on the credit history of the cardholder.
This cash back credit card also earns the credit card holder 1.5% points on every single dollar. It means that the cardholder will be able to enjoy 1.5% cash back when the cardholder redeems the cash. There is also a 10% extra (on a total cash back % of the 1.65%) when the cardholder redeems into the TD Ameritrade account. They are currently offering a $100 cash back offer that will be expired on the 31st October. There are a $0 annual fee and the variable annual percentage rate of 13.24%, 18.24%, or 23.24% that will be based on the cardholder’s creditworthiness. The minimum interest charge is $1, and APR for the cash advances is 23.49%. The cash advance fee could be $10, or it can be 5% of the advance. The foreign transaction fee is 3% of every single transaction in the US dollars. The late payment is up to $35, and the balance transfer fee is $10 or 4% of the transfer.
Every single purchase that will be made using the Capital Once Quicksilver card will earn the cardholder 1.5% cash rebate. There is no limit to the cash back amount that the cardholder can receive. There is also not even a single special purchase category that cardholder needs to remember which makes this card a decent choice. The card has a $0 annual fee, and the rewards never expire. There is also a one-time $100 bonus that the cardholder will be able to enjoy after he spends $500 on the purchases that are made within the first three months of the card approval. This cash back credit card has a 0% intro APR (for the first nine months). After the first nine months, the variable APR of 13.24% – 23.24%.
The Chase Freedom Unlimited card is another good option for the cash back credit card seekers. This card offers flat 1.5% cash back to the cardholder when he makes a purchase. There are also no special categories of spending that cardholder needs to consider. When the cardholder spends a minimum of $500 on this card (within the first three months) then he will be able to enjoy a bonus $150. This card has a 0% intro APR for the first 15 months of the account opening, and then it would be a variable APR of 14.24% – 23.24%. There is also no annual fee for the Chase Freedom Unlimited card, and the cardholder can earn the unlimited cash back. This is another good option for the ones who are seeking a decent cash back credit card.