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Cash Back Credit Cards
Excellent credit means low interest cards - apply here: CreditSoup Cash Back Cards
What is a Cash Back Credit Card?
A cash back credit card is a type of rewards credit card that offers a percentage of your purchases back in cash. This means that every time you use your card to make a purchase, you'll earn a small amount of cash back that you can redeem for a statement credit, check, or deposit into your bank account.
There are many different cash back credit cards available, each with its own rewards program and features. Some cards offer a flat cash back rate on all purchases, while others offer higher cash back rates on specific categories of spending, such as gas, groceries, or travel. Some cards also offer introductory bonuses or welcome offers that can earn you a significant amount of cash back in a short period of time.
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Purchase APR Rate: 29.49% - 31.49% Variable - Annual Fee: $0 - Credit Needed: Excellent, Good, Limited History, No History, Limi - Late Payment Fee: $0 | |
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Intro Rate: See website for Details* - Intro (Purchases): See website for Details* - Transfers: See website for Details* - Intro (Balance Transfers): See website for Details* - Intro APR Period: See website for Details* - Purchase APR Rate: See website for Details* - Annual Fee: See website for Details* - Credit Needed: Average/Fair/Limited/Good/Excellent | |
*To qualify for the welcome bonus, you must open and fund a new Rewards Checking Plus account through Upgrade and make 3 qualifying debit card transactions from your Rewards Checking Plus account within 60 days of the date the Rewards Checking Plus account is opened. If you have previously opened a checking account through Upgrade or do not open a Rewards Checking Plus account as part of this application process, you are not eligible for this welcome bonus offer. Your Upgrade Card and Rewards Checking Plus account must be open and in good standing to receive a bonus. To qualify, debit card transactions must have settled and exclude ATM transactions. Please refer to the applicable Upgrade Visa® Debit Card Agreement and Disclosures for more information. Welcome bonus offers cannot be combined, substituted, or applied retroactively. The bonus will be applied to your Rewards Checking Plus account as a one-time payout credit within 60 days after meeting the conditions. Learn More | |
Intro (Purchases): N/A - Intro (Balance Transfers): N/A - Purchase APR Rate: 14.99% - 29.99% APR - Annual Fee: $0 - Credit Needed: Excellent, Good, Fair, Average - Credit Line: $500 - $25,000 - Return Payment Fee: $0 - Late Payment Fee: $0 - Foreign Transaction Fee: Up to 3% Rates & Fees | |
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Purchase APR Rate: 29.99% or 36% Fixed - Annual Fee: See Terms - Credit Needed: Fair - Credit Line: Up to $1,000 credit limit subject to credit approval - Foreign Transaction Fee: 3% of each transaction amount in U.S. dollars | |
*To qualify for the welcome bonus, you must open and fund a new Rewards Checking Plus account through Upgrade and make 3 qualifying debit card transactions from your Rewards Checking Plus account within 60 days of the date the Rewards Checking Plus account is opened. If you have previously opened a checking account through Upgrade or do not open a Rewards Checking Plus account as part of this application process, you are not eligible for this welcome bonus offer. Your Upgrade Card and Rewards Checking Plus account must be open and in good standing to receive a bonus. To qualify, debit card transactions must have settled and exclude ATM transactions. Please refer to the applicable Upgrade Visa® Debit Card Agreement and Disclosures for more information. Welcome bonus offers cannot be combined, substituted, or applied retroactively. The bonus will be applied to your Rewards Checking Plus account as a one-time payout credit within 60 days after meeting the conditions. Learn More | |
Intro (Purchases): N/A - Intro (Balance Transfers): N/A - Purchase APR Rate: 14.99% - 29.99% APR - Annual Fee: $0 - Credit Needed: (620+) Excellent, Good, Fair, Average - Credit Line: See website for Details* - Return Payment Fee: $0 - Late Payment Fee: $0 - Foreign Transaction Fee: Up to 3% Rates & Fees | |
Here are some of the benefits of using a cash back credit card:
- You can earn cash back on your everyday spending. This can add up over time and save you money.
- Cash back is a simple and easy-to-understand reward. You know exactly how much you're earning and what you can redeem it for.
- Cash back is versatile. You can use it to pay down your credit card balance, save for a rainy day, or treat yourself to something you want.
If you're considering getting a cash back credit card, it's important to compare different cards and choose one that fits your spending habits and financial goals. You should also make sure to read the fine print to understand any fees or restrictions that may apply.
Here are some tips for using a cash back credit card responsibly:
- Only use your card for purchases you can afford to make. Don't overspend just to earn cash back.
- Pay your credit card balance in full each month to avoid interest charges.
- Be aware of any fees associated with your card, such as annual fees or balance transfer fees.
If you use a cash back credit card responsibly, it can be a great way to earn rewards and save money.
Are Cash Back Credit Cards a Good Idea?
Whether or not a cash back credit card is a good idea for you depends on your individual spending habits and financial goals. Here are some factors to consider:
Your spending habits: If you spend a lot of money on everyday purchases, such as groceries, gas, and transportation, a cash back credit card can be a great way to earn rewards. However, if you don't spend a lot of money or if you tend to carry a balance on your credit card, a cash back credit card may not be the best choice for you.
Your financial goals: If you're trying to save money, a cash back credit card can help you reach your goals by earning you cash back on your everyday spending. You can then use this cash back to pay down debt, build an emergency fund, or save for a special purchase.
Your ability to manage credit responsibly: If you have a good credit history and you're confident that you can pay your credit card balance in full each month, then a cash back credit card can be a valuable financial tool. However, if you have a history of credit problems or if you're not sure that you can pay your balance in full, then a cash back credit card is not a good idea for you.
Here are some of the pros and cons of cash back credit cards to help you decide if they are a good fit for you:
Pros:
- Can earn cash back on everyday purchases
- Rewards are easy to understand and redeem
- Can help you save money or reach your financial goals
- Many cards offer introductory bonuses or welcome offers
Cons:
- Can be tempting to overspend just to earn cash back
- Can incur interest charges if you don't pay your balance in full each month
- Some cards may have annual fees or other restrictions
Overall, cash back credit cards can be a great way to earn rewards and save money if you use them responsibly. However, it's important to carefully consider your spending habits and financial goals before applying for a cash back credit card. If you're not sure if a cash back credit card is right for you, talk to a financial advisor.
Excellent credit means low interest cards - apply here: CreditSoup Excellent Credit