If you are looking for a way to increase your earnings while making your daily purchases, credit card with cash back rewards are certainly the most suitable
The reason is that credit cards with cash back rewards offer cash back on all your purchases, or purchases in specific categories.
In this article, we will show you all about the best credit card options with cash back rewards, detailing their advantages, fees, and how cashback programs work. In this way, you will be able to choose the card that best suits your needs and maximize the returns on your everyday purchases.
Capital One Savor Cash Rewards
Key benefits of the Capital One Savor Cash Rewards
Capital One Savor Cash Rewards is an excellent credit card for those looking for cashback. Its main highlight even. Here’s how it works:
- 8% cashback on purchases made at Capital One Entertainment;
- 5% cash back on hotels and car rentals booked through Capital One Travel;
- 3% cashback on purchases made in supermarkets.
Another benefit is the welcome bonus. When you spend $500.00 in the first 3 months after opening the account, you will receive a $200.00 cash bonus.
In addition, the card has an initial 0% interest rate on purchases and balance transfers for 15 months. After that, it will have a variable rate from 19.24% to 29.24% after this period.
Capital One Savor Cash Rewards does not require rotating categories or sign-ups to earn rewards, making using the card even more convenient.
It is worth mentioning that this card is one of the best credit cards for travel, without a doubt, if you are considering traveling recently.
Rates to watch out for (Credit Card with Cash Back Rewards)
When using Capital One Savor Cash Rewards, you should consider the following fees:
- Interest Rate (APR): After the initial period. The annual interest rate (APR) will be 19.24%, 25.24%, or 29.24%, depending on your credit score. This rate can vary according to the market, based on the basic interest rate.
- Balance Transfer: There is an introductory fee of 3% of the amount of each balance transferred to your account in the first 15 months after opening the account. After this period, the rate rises to 4%;
- Late Payment: If payment is not made on time, a fee of $40 will be charged.
These fees should be considered to decide whether or not the card is worth it. We recommend that you get to know the other options before deciding.
Chase Freedom Unlimited (Credit Card with Cash Back Rewards)
Perks Offered in Chase Freedom Unlimited
Chase Freedom Unlimited has very interesting advantages. Therefore, it is one of the most sought after options.
First, the introductory offer allows you to earn $200 after spending $500 in the first three months.
Plus, you’ll earn 5% cash back on trips purchased through Chase Travel.
You will earn 3% cash back on purchases at pharmacies and restaurants, including takeout and eligible delivery services, and 1.5% on all other purchases.
Another benefit is the initial 0% APR for 15 months, both on purchases and balance transfers, and then a variable APR from 18.99% to 28.49%.
Fees charged (Credit Card with Cash Back Rewards)
Chase Freedom Unlimited has a 0% initial interest rate on purchases and balance transfers for 15 months, providing financial relief within the first few months of use.
After this period, the APR (Annual Interest Rate) ranges from 18.99% to 28.49%, depending on your credit score.
For balance transfers, you will be charged a fee of $5 or 5% of the transferred amount, whichever is greater. And, if you make a transaction in a foreign currency, the fee will be 3% of the transaction amount in U.S. dollars.
Blue Cash Everyday® da American Express
Why is this card worth it? Learn about its benefits
American Express’ Blue Cash Everyday allows you to earn 3% cash back on purchases made at U.S. grocery stores, up to $6,000 per year on purchases, and then 1%.
The same percentage (3%) is valid for online retail purchases in the US. And gas stations in the US, with the same limit of $6,000 per year.
In addition, the card offers a $200 credit on the bill after spending $2,000 in the first 6 months after opening the account.
For those who like streaming services, using this card. You can receive $7.00/month of money back on Disney+, Hulu and ESPN.
Fees to watch out for
When using American Express Blue Cash Everyday®, you should be aware of some fees that may apply.
Firstly, the APR (Annual Interest Rate) will be anywhere from 20.24% to 29.24%. Depending on your credit score and other factors evaluated at the time of account opening. This rate can vary with the market, based on the basic interest rate.
For cash advances, the APR will be 29.49%, also subject to variations according to the basic market interest rate.
The Installment Plan has a 0% introductory plan rate on purchases transferred to a plan during the first 15 months after the account is opened.
After this time, the plan fee can be up to 1.33% of the purchase value transferred to the plan.
Conclusion (Credit Card with Cash Back Rewards)
Opting for a credit card with cash back rewards is a great way to get more out of your everyday purchases.
The options discussed offer a variety of perks, including cash back rewards in specific categories such as entertainment, food, and fuel. Each of these cards has unique features such as welcome bonuses. Introductory interest rates, and rewards in different areas of consumption.
However, you should be mindful of the fees associated with each card, such as interest rates, balance transfers. And penalties for late payments, to ensure that the benefits outweigh the costs.
In addition, choosing the ideal card depends on your consumption habits, your profile, and your short and long-term goals.
Whatever you choose, enjoy the rewards on offer without getting into debt.