5 Best Credit Cards For Cash Back • Apply Online • Benzinga


Cashback credit cards reward you in ways you can easily figure out – in dollars and cents. Unlike other cards that offer discounts on certain purchases or redeemable points, redemption cards reward you with real money that you can use for, well, anything.

Many credit cards offer cash back, so finding the right card can be a tedious task. Don’t worry, Benzinga has done the research for you. Find your match today with our list of the best credit cards for cash back.

Best credit cards for cash back

Not all cashback credit cards are created the same. Some cards offer the same cash back rate on all purchases, while others offer higher rates on certain categories such as travel or groceries and lower rates on everything else.

To help you find a refund card that’s right for you, we’ve listed our pick of the best refund credit cards.

Ideal for students: Discover it® Student Cash Back

Discover it® Student Cash Back is the go-to credit for students. The card offers $ 20 credit for each school year, your GPA is 3.0 or higher for the next 5 years.

You can earn 5% cash back on your daily purchases at different locations each quarter, including Amazon, grocery stores, restaurants, and gas stations. Plus, you’ll earn 1% unlimited cash back on all other purchases.

The card also allows you to automatically get unlimited dollar-for-dollar matching of any cash back rewards you’ve earned at the end of your 1st year.

  • Annual subscription : $ 0
  • Regular APR: 12.99% to 21.99%
  • Welcome bonus: Cash Back Match ™

Ideal for a lump sum refund: the Chase Freedom Unlimited® credit card

The Chase Freedom Unlimited® credit card earns you 1.5% cash back on every purchase. New cardholders can earn $ 200 in cash back by spending $ 500 in the first 3 months after opening an account.

Once you own the card, you can earn money by referring your friends. You earn $ 100 cash back for every friend approved for the Chase Freedom Unlimited® credit card.

The card comes with zero liability protection, which means you will not be held responsible for any unauthorized charges made with your card or account information.

  • Annual subscription : $ 0
  • Regular APR: 14.99% to 23.74%
  • Welcome bonus: $ 200

Ideal for grocery shopping, streaming and travel: American Express Blue Cash Preferred® Card

The American Express Blue Cash Preferred® card is perfect if you shop often, enjoy watching your favorite shows, and travel frequently. The card offers 6% cash back in US supermarkets up to $ 6,000 per year in purchases (then 1%) and 6% cash back on select US streaming subscriptions.

You can also earn 3% cash back on trains, taxis, ridesharing services, ferries, tolls, parking lots, buses and subways. The card offers 3% cash back at US gas stations and 1% cash back on other purchases.

There is a welcome bonus of $ 300 after spending $ 1,000 on purchases during your first 3 months of card membership.

  • Annual subscription : $ 95
  • Regular APR: 13.99% to 23.99%
  • Welcome bonus: $ 300

Perfect for dining and entertainment: Capital One® Savor® Rewards

If you spend a lot of time dining out or attending events, it can’t get better than Capital One® Savour® Rewards. You can get 4% unlimited cash back on meals and entertainment, 2% at grocery stores, and 1% on all other purchases.

Do you prefer to order? The card earns you 5% cash back if you order with Uber Eats. The card gives you privileges such as VIP experiences, discounts and on-site benefits at selected events.

  • Annual subscription: $ 0
  • Regular APR: 15.99% to 24.99%
  • Welcome bonus: $ 300

Ideal for rotating categories: Discover it® Cash Back

Discover it® Cash Back earns 5% cash back on the purchases you make every day, like Amazon orders, groceries, restaurants and gas stations. You also automatically get unlimited 1% cash back on all other purchases.

The card features an introductory offer known as Cash Back Match ™. It will match all of the Cash Back Rewards you’ve earned on your credit card from the day your new account is approved and add it to your rewards account.

  • Annual subscription : $ 0
  • Regular APR: 11.99% to 22.99%
  • Welcome bonus: Cash Back Match ™

Credit card liability

A credit card is a double-edged sword: it helps you save with cash back rewards and also gives you the ability to improve your credit score to qualify for loans. But, on the other hand, they can be a nightmare if you don’t know how to use a credit card.

Here are some dangers of using credit cards:

1. Ruin your credit score

A credit score is a number that describes your creditworthiness. The amount you spend on your credit limit (usage ratio), your repayment history, and your debt level all affect your credit score. A bad credit rating can result in inability to get a mortgage, car loan, or other credit extension.

2. Perpetual debt

While you can pay off a portion of what you owe each month (also known as a minimum payment due), interest on the remaining amount may accrue against you. Not paying your balance in full each month can extend the time you take to pay off your balance, as it creates a snowball effect on interest, making you feel like you’re in debt forever.

3. Health implications

While a credit card is not inherently bad, using it irresponsibly can put you in debt. And the stress of debt can have alarming health consequences.

A to study found that people with a higher proportion of their income linked to credit card debt had higher levels of physical impairment. Another study found that those who struggle to repay debts and loans are more than twice as likely to suffer from a host of mental health issues, including depression and severe anxiety.

How to apply for a credit card

Credit card applications are easy. That you Apply for a credit card whether through a paper, online or telephone request, the information you provide is the same.

Here are the basic steps for applying for a credit card:

1. Personal information

The bank would need to know a little more about you to verify your identity and make sure they are able to contact you. Some of these details include your name, date of birth, social security number, home address, email address, and phone number.

Card issuers also require housing information. You will indicate if you are a tenant or owner, how much you pay each month for the rent or the mortgage and the length of time you have lived in your current accommodation.

2. Financial information

Then you will disclose your annual household income and your source of income. The bank needs this information to know your earning capacity.

The card issuer will also check your credit score to see your repayment history and spending potential. If you have a good credit score, you will have more credit card options. Your application is also approved faster, and you will see lower interest rates than someone with a lower credit rating.

3. Authorized users

If you want to authorize someone else to use your credit card, you can add an authorized user to your account. To add a user, you will need to enter their name, address and date of birth.

Once these fields are completed, you can submit it to the credit card company. You should expect a response immediately if you do this online. If it is a paper request, it may take a few weeks.

Choose your Cashback credit card

When it comes to cash back credit cards, it literally pays to do your homework. Strategy plays an important role when it comes to choosing a credit card and using it correctly. And if you choose a card that suits your lifestyle, you can potentially earn thousands of dollars over time.

It is important to note that most cash back credit cards require that you have a good to excellent credit rating. If you have a bad credit rating, you can check credit cards that can help you build credit.

Methodology

Benzinga has analyzed over 60 credit cards to determine the top 5 cash back rewards. The most important factors in determining the best credit cards are the APR, annual fees, and rewards. The credit card must also be reported to the 3 credit bureaus.

Associated content: BEST HOTEL CREDIT CARDS

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