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How to Choose a Cash Back Credit Card

It is important that you choose the right card. When researching cash back credit cards, compare the annual fees, interest rates and rewards to determine the best card. Consider your spending habits when choosing a credit card and find one that will offer you the most benefits with a minimal cost. You want the card to fit the spending pattern you already have.

When possible, opt for a card that has no annual fee. However, don't rule them out before doing some more research. Some of these cards have great introductory rewards that pay for the fee. These cards typically are better for big spenders and offer more generous bonuses.

When looking at interest rates, it is important to evaluate your spending habits. If you plan to pay off your balance in full, then look for the card with the best benefits. If you plan to carry a balance on your card month to month, choose a card with a low rate. If you are paying high amounts of interest on your card then you are not receiving the full benefits of using a cash back card. Some cards offer a 0% interest for a limited time, which may be good if you are transferring another debt to the card or planning on making a larger purchase.

When choosing a card, it is important to evaluate the places and things you spend your money on. Different credit cards have partnerships with companies that offer higher cash back rewards for frequent shoppers. For example, if you had a card the partnered with Old Navy, you might earn a higher percentage of cash back when purchasing items from Old Navy than when you spent money on gas.

Other cards have rotating categories where you earn more points for spending money on a specific category. For example, one month you might earn double points when you spend money on gas and the next month you earn triple points at restaraunts. These categories and point awards rotate every few months.

Many stores also offer their own cash back credit cards. This may mean the rewards come as "store cash" specific to the store. This works well for those that frequently shop at a specific store. With other cash back credit cards, you might receive a statement credit, visa gift card or check in the mail.

Pay attention to cards that have "minimum tiers." This would mean that a card might offer 1% cash back, but you have to reach a minimum purchase in order to benefit from the rewards. Make sure you read the fine print on all cards before signing up.

When searching for cards, also consider the company and the website. Does it look professional and trustworthy? Is there contact information listed? Is it easy to get questions answered if a problem arises with your credit card? These are important to keep in mind in the long run.

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Cash Back Credit Cards In The News

New credit card offers big cash back for foodies, movie buffs, but how does it compare

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Published:  Tue, 14 Aug 2018 06:01:00 GMT



Put away that credit card. You need to use cash more

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Published:  Wed, 15 Aug 2018 08:28:00 GMT



Citizens Bank Launches Simple 1.8% Cash Back Credit Card with Unlimited Rewards

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Published:  Tue, 07 Aug 2018 06:34:00 GMT



Discover itĀ® Cash Back Review: A Valuable Bonus Cash-Back Card

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Published:  Fri, 10 Aug 2018 18:41:00 GMT



Amex launches new cash back card

senior credit card analyst at CreditCards.com. "Knowing exactly how much you're going to pay for a purchase going forward makes it easier to figure out how to pay off a purchase." Through July 18 new ...

Published:  Thu, 14 Jun 2018 09:37:00 GMT



Not just credit cards: More apps offer ways to get cash back

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Published:  Wed, 13 Jun 2018 09:56:00 GMT



Citizens Bank Launches Simple 1.8% Cash Back Credit Card with Unlimited Rewards

PROVIDENCE, R.I.--(BUSINESS WIRE)--Aug 7, 2018--Citizens Bank today announced the availability of , a credit card that offers 1.8%* cash back with no annual fee, no foreign transaction fees, and none ...

Published:  Tue, 07 Aug 2018 06:50:00 GMT



The Best Cash-Back Credit Cards in March

This article was updated June 18, 2018. Making purchases can be fun, but paying for those purchases generally isn't. A cash-back credit card can take some of the pain away. If you choose your credit c...

Published:  Mon, 18 Jun 2018 07:35:00 GMT



The best cash back credit card if you don't have great credit

Most cash back cards require you to have good-to-excellent credit , meaning a credit score of 700 to 850, but some offer great rewards for those with lower scores. To determine which card available to ...

Published:  Fri, 15 Jun 2018 11:05:00 GMT




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