There are three options available for credit cards with cash back rewards. These cards can earn you 1.67% back on groceries, 2% back for gas, and 4% on your everyday expenses. The cards are simple to use and don't have an annual fee. However, they require a good credit score.
Get 1.67% Cash Back
With the Fifth Third Simply BusinessTM Card, you can earn 1.67% cash back on all purchases and balance transfers for the first 12 billing cycles. Fifth Third customers are best to apply for this card. There is no earning cap or rotating category, so you can earn as much as your heart desires. You will also be eligible for interest-free financing on purchases and balance transfers. This could help you to save time and money.
Fifth Third Bank also offers the Cash/Back card. The card offers 1.67% cashback on purchases, and it is contactless. The card also allows you to travel with Mastercard. There are no foreign transaction charges. Fifth Third Mobile banking app makes it easy to manage the card. An additional benefit of the card is its $9 annual fee, which does not include rotating categories.
Shop at grocery stores to earn 2% cashback
Chase Freedom Unlimited Credit Card: This card is great for consumers who want a way to earn back money at the grocery. The card earns you 2% back in restaurants and grocery stores. You also get 1% cash back for other purchases. There is no annual fee nor minimum redemption.
The credit card earns 1% on gasoline and other purchases. The Blue Cash Preferred offers double cash back on grocery purchases, but you have to spend at least $3167 per year to qualify for this bonus. Cash-back credit cards can be a great way to increase your earnings. However it depends on how you spend and what category you are spending. If you spend most of the money at grocery stores, a flat rate card like Citi Double Cash Card could be a better choice.
When choosing a credit card, you should check the merchant category to make sure it will earn you 2% cash back on grocery store purchases. You have the option of cashback credit cards or those that award miles or points. You might consider an annual fee card if you are having trouble choosing between points and cashback cards.
Get 4% cashback on gas
Many credit card rewards programs offer gas purchase discounts at generous cashback rates. But, gas purchases do not always qualify for the highest rewards. Some cards offer gas only 2% and others offer lower rewards. With a general-purpose rewards card, you can still earn 4% cashback on gasoline. These cards can be used to earn cash back on gas from any retailer. They also don't have location or brand restrictions. The best gas credit card for you will depend on your spending habits and personal financial situation.
The Hilton Honors Card is one of the most popular cash-back credit cards to gas purchase. You pay an annual fee of $95, but you will earn three points for every dollar spent at gas stations or supermarkets. You can use your cash back to purchase a statement card, a bank account deposit or a check. Some cards let you redeem your cash for merchandise or gift card.