Cash back credit cards are a great way for you to earn rewards on your spending. Cash back credit cards usually reward you in the form of cash rewards or rebates. As each cash back credit card is different in how it works and what it has to offer, the one that is most suited to you really depends on what you are looking for. Besides their rewards earning potential, cash back credit cards usually also offer other perks.
Some cash back credit cards are straightforward to use: They offer a flat rate cash back on every purchase you make. This type of cash back credit card can come in especially handy for people who are new to the world of credit cards. Being able to earn a flat rate cash back on every dollar spent means there is no need to fuss about the types of purchases that you can earn cash back on.
On the contrary, some cash back credit cards are slightly more complicated to use. For instance, a cash back credit card could let you up to 5% cash rebates when you spend on certain categories of purchases, up to a certain amount. This type of cash back credit card usually also lets you earn a fixed but lower cash back rate on all other purchases made with the card. There could be rotating categories that you have to deal with every calendar quarter, too. Do your research and scrutinize the terms and conditions before settling for a cash back credit card that best suits you.
Also, keep in mind some cash back credit cards offer fixed categories in which you can earn cash back at tierred rates, such as 3% on dining, 2% on grocery and 1% on all other purchases. This type of credit card can be really rewarding when you pick one that best suits your lifestyle needs and spending habits.
As a general rule of thumb, you might want to consider cash back credit cards that let you earn rewards that do not expire so long as your account is active and in good condition. This way, there is no pressure for you to spend unnecessarily just to chalk up rewards within a certain amount of time. If you are a big spender, you might also want to prioritize cash back credit cards that let you earn unlimited cash rewards.
Below, we at GET.com have rounded up some of the best $0 annual fee cash back credit cards for your consideration. As a matter of fact, nobody says you have to fork out annual fees just to earn rewards on your spending.