How to Choose a Cash Back Credit Card in 2019

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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

Airline Miles Versus Cash Back Credit Cards: We Tapped an Expert to Learn the Better Reward

It can feel like quite the financial coup to book a vacation entirely on points. (Airfare to Paris for $0 out of pocket? Yes, please.) But when the possibility of cash back is also on the table ...

Published:  Thu, 15 Aug 2019 08:00:00 GMT

Here's how the Apple Card's 'Daily Cash' works

Credit card rewards programs can be confusing. And, typically, you have to wait a full billing cycle to receive cash back, points or miles in your account. Apple is looking to change that with the ...

Published:  Thu, 15 Aug 2019 13:46:00 GMT

I have almost 30 credit cards, and this is my strategy for getting the most out of my points and miles

I have almost 30 credit cards, and the rewards they earn me help me travel. Here's how I strategize to make sure I'm earning maximum points and miles.

Published:  Thu, 15 Aug 2019 06:20:00 GMT

With this Uber-branded credit card for millennials, cash back is king

I've just spent some time obsessing over travel-rewards credit cards - that confusing world of high annual fees, point conversions, redemption portals and websites that get paid by the credit card ...

Published:  Thu, 08 Aug 2019 16:05:00 GMT

5 Things to Know About the Rakuten Cash Back Visa Card

... back shopping website Ebates - could be earning even more cash back on their purchases with the Rakuten Cash Back Visa credit card. In 2019, Ebates rebranded as Rakuten, but the $0-annual-fee ...

Published:  Fri, 09 Aug 2019 15:03:00 GMT

How I Got Over My Fear of Credit Cards (and You Can, Too)

But here I am. Sharing. What credit cards do you carry? I currently have two cash back credit cards, with different reward categories. One card gives me higher cash back on groceries and gas ...

Published:  Tue, 13 Aug 2019 06:47:00 GMT

Apple Card vs. Amazon Prime Rewards Visa: Which credit card is best for you in 2019?

But there's also a physical card you can swipe anywhere, just like a normal credit card. Another popular card for tech ... the main differences between the two boil down to rewards (like cash back) ...

Published:  Mon, 12 Aug 2019 16:27:00 GMT

More consumers using credit cards for purchases under $10, though cash is still king

That's up from 12% who said the same in 2018. Among people who have credit cards that come with rewards - i.e., cash back, miles or points - the share is 26%, up from 23% last year. "We've seen a ...

Published:  Thu, 15 Aug 2019 11:08:00 GMT

4 Surprising Ways Maxing Out Your Credit Card Can Hurt You

This means you could end up unable to buy a home or go back to school just because this maxed out card is making your DTI too high. 4. You won't have credit available when you need it Sometimes, ...

Published:  Wed, 14 Aug 2019 12:19:00 GMT

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