Several factors must be considered when attempting to determine the best credit cards for cash back. These factors include, but are not limited to, the percentage of cash back offered by the card, any bonus cash available, the dollar amount of purchases required for eligibility for cash back, the percentage rate on the card, and whether or not annual fees apply. Additional factors include a variety of other incentives which may or may not be available.
Here are some credit card tips when taking into account the foregoing factors, Chase Freedom Visa seems to be close to the top of the pack. It offers $200 bonus cash back if you make $ 500.00 in purchases in the first three months. Additionally, it offers 5% cash back for money spent on dining, up to $ 1,500.00. It has new 5% categories monthly and unlimited 1% cash back and 10 % cash back on certain online purchases. The rewards never expire and there is no annual fee. A good to excellent credit history is required.
Capital One Cash is another top contender. Like the Chase card, mentioned above, this card is for people with excellent credit. This card pays a $100 bonus after you spend $500 in the first three months and a 50% bonus on the cash back you earn every year. It has no annual fee and pays 1% cash back on all purchases. The rewards do not expire. It currently offers, for a limited time, a 0% intro APR on balance transfers and purchases.
Bank Americard Cash Rewards Visa Signature Card allows you to earn 1% cash back on every purchase, 3% cash back on gas and 2% cash back on groceries. However, a quarterly maximum applies to rewards on gas and groceries. By redeeming your rewards into a Bank of America savings or checking account, you can receive a 10% customer bonus. The rewards do not expire and there is no annual fee. Card holders are eligible for a $50 cash back bonus after qualifying purchase. A 0% interest rate is offered on a limited basis. Excellent credit is required.
The aformentioned cash back credit cards are just a few of the better deals available today. The percentage rate on all these cards is competitive and the actual rate will depend upon your particular circumstances. Do your home work; check the offers directly with the provider and feel satisfied having made a wise decision regarding your finances.