Some cards provide higher
cash back rates on particular purchases while other cards offer cash back at a flat rate.
Any spending in these categories beyond $ 250 earns the standard
cash back rate of 1 % (or 0.25 % if total spending for the year is below $ 3,000).
Most cash back rewards are earned as a percentage of your purchases, with some programs offering higher
cash back rates for purchases in specified bonus categories.
A good card for your business while you're rebuilding your credit but I will try for a card with
better cash back rate when my scores go up.
Therefore, if you'd earn a high
cash back rate at gas stations, all items bought at a gas station will be eligible for that rate.
It offers one of the best
flat cash back rates on the market so you don't have to mess with a complicated rewards scheme to maximize your cash.
Some programs may offer a larger
cash back rate in specific set categories, such as gas or restaurant purchases, while offering a smaller unlimited rate on other purchases.
Even though it's not the most heavily marketed credit card, it offers solid
cash back rates with 3 % back on fuel and 3 % back at restaurants.
Many cash back cards will also offer
bonus cash back rates for purchases made in specific categories, such as gas station or restaurant purchases.
It offers good
competitive cash back rates (though no introductory bonus offers) with solid low interest rates, and it all comes with no annual fee.
If you count this bonus, your effective
cash back rate during that first year can be at the very least 2 %.
No annual fee: You will not have to pay an annual fee for this card, which is great considering it offers a
solid cash back rate.
Nearly every cash back credit card will offer a low
unlimited cash back rate for every purchase you make with your card, typically between 1 % and 2 % cash back.
But these cards will leave you with less benefit than a card that offers a
similar cash back rate at every retailer in the country.
On the bright side, you don't have to pay your balance in full to earn the
full cash back rate.
At that spending level, the card's 1 %
cash back rate completely covers the monthly fee, and begins turning a profit with every swipe.
This is effectively a 1.25 %
cash back rate since every 100 miles is worth $ 1 in travel redemptions.
Generally,
cash back rates start at 1 percent for all purchases and go as high as 5 percent for purchases in specific categories, such as groceries, gas or online retailers.
While these cards are distinguished
through cash back rates, the same can not be said for their fees and annual percentage rates.
Some offer a flat rewards rate and others
vary cash back rates with the type of purchase or the time of year.
Why It's The Best: This card has the highest average
cash back rate out of any card on the market.