Choose a Credit Card With a Fantastic Cash Back Program

Reading Time: 3 minutes

By USDR

Credit card companies offer all sorts of incentive to entice you into choosing their card over another. Some offer no interest for a certain amount of time, some offer airline miles, and some offer free gasoline.

But what if you’d simply like some cold, hard cash?

Cash back programs are available through a variety of the major credit card companies and take a variety of different forms. Some offer cashback only on certain types of purchases, and others have cashback programs that cover all purchases. Each has its advantages and choosing one can be difficult, simply due to the fact that there are so many to choosefrom.

However, with a little bit of research and some identification of your personal spending habits, choosing a card with a cashback program can easily be one the best financial decisions you’ve ever made.

Citi Double Cash  Card

Just about as straightforward as they come, the Citi Double Cash Card offers just that, 2 percent cash back on all purchases. However, they do split the reward in half. You receive 1 percent when you make the purchase and 1 percent when you pay for it. This is the perfect incentive to pay your bill in full each month, as you’ll lose a portion of the reward if youdon’t.

This card also charges no annual fee, offers an introductory 0 percent interest rate on purchases and balance transfers for a whopping 15 months, and gives you one free pass if you’re late on a payment. In short, most experts agree that this is the best cashback card on the market today.

Discover It  Card

Discover cards have maintained attractive cashback programs for a long time, but the Discover It Card is a little different than its competitors. This card offers a standard 1 percent cash back on all purchases, but it also offers 5 percent cashback on select purchases that rotate quarterly.

The catch with this card is that you need to sign up for the 5 percent programs, but that is easily done through Discover’s website. You are free to use your cashback rewards as a statement credit, or to purchase items at a discount. Discover also offers great customer service if you have any questions about how the programs work.

Capital One Quicksilver Cash Rewards  Card

Another of the most straightforward cashback cards, the Quicksilver from Capital One simply gives you 1.5 percent on every purchase. There are no categories to worry about, and there is no annual fee associated with this card.

New cardholders will receive a bonus of $100 if $500 is spent on the card within the first three months, and there is currently no interest charged on purchases or balance transfers through June 2016. After that the interest varies from 12 percent to 22 percent.

Chase Freedom  Card

Like its Discover counterpart, the Chase Freedom card offers attractive cashback rewards, but the best rewards are on rotating, quarterly purchases. You’ll earn 5 percent on purchases up to $1,500 each quarter and 1 percent after that.

Again, there is no annual fee for this card and the introductory interest rate is zero for fifteen months. New customers earn extra cash on their first purchases, and the cashback rewards can be used at a number of popular retailers. They also offer an easy to use mobile app.

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BankAmericard Cash Rewards Credit  Card

If you use your credit card for gas and groceries, this is the cashback rewards card for you. Each quarter, you’ll earn 5 percent cashback on gasoline and grocery store purchases up to $1,500, then 1 percent after that. In line with its competitors, this card from Bank of America offers a $100 bonus on initial purchases up to $500 in the first 90 days and charges no annual fee.

The interest rate is zero for fifteen months, and this includes balance transfers.

While all of these cards offer great perks, the one thing that you should remember is that if you carry a balance from month to month your rewards go down the drain. Pay the bill in full and you won’t have anything to worry about.

Extra money is always a good thing, and earning that money by simply purchasing the things you normally would is a great way to get it. Any of these cards are perfect for those who prefer their rewards in cash, but make sure that you choose the one that best fits your spending habits and watch your rewards roll in.

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.
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