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Here are the 5 Best cashback credit cards

Are you one of the guys, looking for the best credit cards that satisfy multipurpose uses? I mean most of us prefer to carry the best credit cards available. If you are looking for the best cashback credit card, you’ve come to the right place. Today, we will be covering the 5 Best cashback credit cards available to you. We will help you decide if a flat rate card is for you.

We will also help you decide which category you are most interested in and which card is best for you. Also, we will also help you decide if a cashback credit card is the best option for you.

Cashback credit cards offer a simple way to earn rebates on your spending. These cards generally offer a flat rate on every purchase, with the exception of one or two categories.

However, since there are so many card offerings, finding the best card for your needs can be difficult. 

1. Chase Freedom Unlimited® credit card. (2022 Award winner).

Chase Freedom Unlimited® cashback credit cards

Issuer Name-Chase

Cashback credit card rewards in Percentages

PercentageCashback Credit card rewardsAPRIntro BonusCreditCard neededAnnual Fee
6.5%cash backOn travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards, and moreAPR
17.24% – 25.99% Variable
Additional 1.5% cash back
Credit Needed
670-850
$0
5%cash back On Chase travel purchased through Ultimate Rewards®. After your first year or $20,000 spent.
4.5%cash backOn drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
3%cash back




1.5%cash back
On drugstore purchases and dining at restaurants, including takeout and eligible delivery service (after your first year or $20,000 spent)


On all other purchases.
1.5%cash back










Issuer Name-Chase Credit Needed- Excellent, Good

RATES & FEES

Percentage RatesFees
$0Annual Fee
17.24% – 25.99% VariableAPR
Up to 29.99%Penalty APR
0% Intro APR on Purchases for 15 monthsPurchases Intro APR
0% Intro APR on Balance Transfers for 15 monthsBalance Transfer Intro APR
Either $5 or 5% of the amount of each transfer, whichever is greater.Balance Transfer Fee
Either $10 or 5% of the amount of each transaction, whichever is greater.Cash Advance Fee
3% of each transaction in U.S. dollarsForeign Transaction Fee

2. Discover it® Cash Back Credit Card

Discover it® Cash Back Credit Cards

Issuer Name- Discover

PercentageCashback Credit Card rewardsAPRCreditCard neededAnnual Fee
5%Cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations, and when you pay using PayPal, up to the quarterly maximum when you activate.14.99% – 25.99% Variable APRCredit Needed
670-850
Good to Excellent
Annual Fee
$0
1%Cashback on all other purchases – automatically.

Issuer Name- Discover Credit Needed- Excellent, Good

RATES & FEES

Percentage Rates Fees
$0Annual Fee
14.99% – 25.99% Variable APRAPR
0% Intro APR for 15 monthsPurchases Intro APR
0% Intro APR for 15 monthsBalance Transfer Intro APR
3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*Balance Transfer Fee
Either $10 or 5% of the amount of each cash advance, whichever is greater.Cash Advance Fee
NoneForeign Transaction Fee

3. Blue Cash Everyday® Card

 Blue Cash Everyday® Card

Issuer Name- American Express.

PercentageCashback Credit Card rewardsCredit neededAnnual FeeIntro BonusAPR
3%Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.670-850
Good to Excellent
$0Earn a $200 statement credit16.99% – 27.99% Variable
3%Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
3%Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%.
1%Cash Back on other purchases.

Issuer Name- American Express. Credit NeededGood, Excellent

RATES & FEES

Percentage Rates Fees
$0Annual Fee
16.99% – 27.99% VariableAPR
29.99% VariablePenalty APR
0% on purchases for 15 monthsPurchases Intro APR
0% on balance transfers for 15 monthsBalance Transfer Intro APR
Either $5 or 3% of the amount of each transfer, whichever is greater.Balance Transfer Fee
Either $10 or 5% of the amount of each cash advance, whichever is greater.Cash Advance Fee
2.7% of each transaction after conversion to US dollars.Foreign Transaction Fee

4. Discover it® Chrome

Discover it® Chrome
PercentageCashback Credit Card rewardsCredit neededAnnual FeeAPR
2%Cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter.670-850
Good to Excellent
$014.99% – 25.99% Variable APR
1%Cashback on all other purchases – automatically

Issuer Name- Discover

RATES & FEES

Percentage RatesFees
$0Annual Fee
14.99% – 25.99% Variable APRAPR
0% Intro APR for 15 monthsPurchases Intro APR
0% Intro APR for 15 monthsBalance Transfer Intro APR
3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*Balance Transfer Fee
Either $10 or 5% of the amount of each cash advance, whichever is greater.Cash Advance Fee
NoneForeign Transaction Fee

5. Chase Freedom FlexSM Credit Card

Chase Freedom FlexSM Credit Card
PercentageCashback Credit Card rewardsCredit neededAnnual FeeAPRIntro Bonus
5%Cashback on up to $1,500 in combined purchases in bonus categories each quarter you activate.670-850
Good to Excellent
$017.24% – 25.99% Variable$200 Bonus
5%Categories each quarter!
5%Cashback on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards, and more
3%Cashback on drugstore purchases and dining at restaurants, including takeout and eligible delivery service
1%Cashback on all other purchases.

Issuer Name- Chase

RATES & FEES

Percentage Rates Fees
$0Annual Fee
17.24% – 25.99% VariableAPR
Up to 29.99%Penalty APR
0% Intro APR on Purchases for 15 monthsPurchases Intro APR
0% Intro APR on Balance Transfers for 15 monthsBalance Transfer Intro APR
Either $5 or 5% of the amount of each transfer, whichever is greater.Balance Transfer Fee
Either $10 or 5% of the amount of each transaction, whichever is greater.Cash Advance Fee
3% of each transaction in U.S. dollarsForeign Transaction Fee

What Are the Different Types of CashBack Credit Cards?

A Cashback credit card is one of the best ways you can earn cash back on your purchases. It’s also one of the most confusing. Cashback cards are tiered, which means their cash-back rates vary for different types of purchases. The more you spend on a card, the more you earn.

A flat-rate card

With so many options for rewards credit cards, it is difficult to know which one will be the best for your spending habits.

What is a flat-rate card? With a flat-rate card, you earn a set percentage back on all of your spendings.

For example, a card may offer 1.5% back on all spending. This means that if you spent $1,000 a month on the card, you would earn $15 back each month.

Cashback credit cards that offer this type of reward structure are best suited for those who want to earn cash-back rewards on every purchase they make.

An example of Flat rate card is Citi Double Cash Card and Capital One Quicksilver Cash Rewards Credit Card.

Tiered card.

These cards are designed to help you earn cash back on different types of purchases. Most cards offer 1%-6% back on all purchases, but others offer a different reward rate on different types of purchases.

For example, some cash-back credit cards offer a higher rate on groceries and gas, while others offer a higher rate on all other purchases.

An example of a Tiered Card is Chase Freedom Unlimited and

Blue Cash Everyday Card from American Express.

Rotating category cards

Cashback credit cards are a way to earn extra money on a daily basis. These cards typically offer a 5% cash-back reward on purchases that are made in one of the card’s designated bonus categories.

However, it’s important to note that the bonus categories are not always the same from month to month. Plus, the bonus categories rotate quarterly.

If you want to be able to take advantage of these lucrative rewards, read on to learn about the cards that offer 5% bonuses.

An example of Rotating category cards are

Discover It Cashback and America Customized Cash Reward Credit Card

How can I compare Cashback Credit Cards?

Calculate your earning potential.The flat-rate cards rate is 1% to 2% for all purchasesTiered cash back cards. Bonus categories include travel, dining, gas, grocery, and department stores.Rotating bonus category cards. Most have a base 1% cash-back rate. The rotating categories typically offer 5% cash back, one of the highest cashback rates 
Factor in sign-up bonuses.
A large signup bonus  can certainly help boost your earnings
Subtract annual fees. These credit cards charge an annual fee. If the card rewards and benefits will more than offset an annual fee it’s better with a no-fee card
 Understand cardholder benefits.
Benefits could include free credit score access, extended warranty coverage, concierge service, travel accident insurance, purchase protection, and price protection.

You may also like 5 Best Credit Cards For students in 2022

Conclusion

We hope you enjoyed our blog 5 Best cashback credit cards. Now that you know the cards available to you, we hope you will go out and choose one that you are excited about and can see yourself benefiting from.

Thank you for reading, we would love to hear from you!

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