It is always thought that the credit cards with cash back rewards was the easiest way to earn rewards. Once a purchase is made the card holder can calculate the amount of points and the value of those points quite easily, thereby automatically determining the rewards earned from each individual purchase. Due to the fact that they are so easy to use and understand, credit card with cash back rewards have become very popular. Each credit card has its own reward program and associated benefits, these along with spending habits and card holder value on benefits would determine the best card for the individual.
This credit card offers at the moment a 5 percent cash back on a maximum of $1,500.00 on purchases, based on the activation of quarterly bonus categories. Once this maximum has been reached the earning revert to a one percent cash back for all purchases. Within the first 3 months of receiving the credit card, there is a $150.00 bonus after spending at least $500.00.
The Discover It Cash Back credit card also offers a five percent cash back on a quarterly basis, however, this is broken down into places for each quarter, such as gas stations in one quarter, grocery stores in another, restaurants and Amazon etc. The places per quarter are detailed for each card holder via some medium of communication, like email. Outside of these bonus quarterly deals, the credit card has an unlimited one percent cash back reward on all purchases. Discover It also goes a step further and matches your total cash back earnings at the end of the first year of opening the account.
The Blue Cash Preferred Card from American Express allows the card holder to earn points on everyday purchases. At supermarkets within the USA, card holders can earn 6 percent cash back on a yearly maximum of $6,000.00 and then 1 percent after the maximum has been reached. At gas stations within the USA the cash back reward percentage is 3 percent and this extends to select department stores across the U.S as well. On all other purchases the cash back reward is one percent. If you spend in excess of $1,000.00 within the first 3 months of opening the account, you will receive a $200.00 credit on your statement.
This credit card rewards the holder with 3 percent cash back based on the category chosen, which can include, online shopping, gas, travel, drug stores and restaurants. At supermarkets and wholesale stores the cash back reward is 2 percent. These cash back earning of 3 percent and 2 percent are only eligible on a maximum of $2,500.00 combined across all categories that were selected. The supermarkets and wholesale stores is each quarter and then 1 percent. Spending $500.00 in the first 3 months of receiving the credit card will earn you another $150.00 in cash back rewards.
Choosing the right credit card for you will easily allow you to save money on everyday expenses, as some credit cards with cash back rewards give you a standard flat rate on purchases while others have bonus rates on categories that determines where you would have to shoe to reap the full benefits.