Here’re the top 3 cash back credit cards
Cash back credit cards help you get back a percentage of the money you spend on purchases. Some cards give back a bigger percentage of money for purchases made in specific categories like gas or restaurants or groceries. Some cards give a flat rate percentage in return for any purchase made in any category.
When it comes to cash back credit cards, the best deals for the year 2017 include different cards for different reasons.
Discover it® Cash Credit Card
Discover it® Cash Credit Card is considered to top the cash back credit cards, and best deals being the point of focus here.
Blue Cash Preferred® Card from American Express
Another cash back credit card with the best deals is Blue Cash Preferred® Card from American Express. This comes with a signup bonus. If you spend $1000 on the new card within the first three months of getting it, you get back $150 as a statement credit. For the first year, you do not have to pay an annual fee after which you will be charged $95 per year. Based on your credit score and several other factors, the APR will vary on purchases. It can be anywhere from 13.99% to 24.99%. You get cashback of 6% for supermarket purchases for up to $6,000 every year. Once you exceed the $6,000 limit, you will get a cashback of 1% on supermarket purchases. You get a cashback of 3% on purchases at specific gas stations and department stores in the United States. This will be in the form of rewards that can be redeemed in the form of a statement credit. On all other purchases, you get a cashback of 1%. If you earn cash back, you have the option to either pay your credit in full each month or to carry your balance over to the next month with additional interest. You can accelerate your cashback rewards by getting your family and friends these cards referred to as Additional Cards, with which they can avail the same benefits as you. With this card, you also get cash back rewards for monthly expenditures, such as your phone bill. This card also gives you various travel benefits like car rental loss and insurance for damage, a customer service hotline available wherever you are on the globe at that moment and insurance for accidents while traveling. It comes with additional services including fraud protection, a year-end summary sent to your account and an option to track your cash back.
Bank of America® Cash Rewards Credit Card
A third good cash back card to go for in 2017 would be Bank of America® Cash Rewards Credit Card. It has no annual fee, a bonus of $150 for purchases made for $500 within the first three months, a 1% cash back on every purchase made, a 2% cash back on purchases in grocery stores and wholesale clubs, a 3% cash back on gas purchases. It has a 0% APR for the first year and a 10% bonus when you redeem your cashback on the same account as the credit card.