A rewards credit card with more than 2% of cash back, may allow you to earn cash back when you follow their rotating categories schedule. Some cards also allow you to earn cash back outside of the rotating bonus categories. Spending up to the maximum cap allows you to reap the full benefit of the cash back program and cut down the cost of the interest fee. The following are 5 rewards credit cards that offer more than 2% of cash back.
1. Discover it – Cashback Match
Discover it – Cashback Match lets cardholders get 5% cash back when they choose to shop on the rotating bonus categories. If you buy other things, you will still get 1% cash back. Some of the categories that have been included in the rotating bonus categories in the past are home improvement, gas station and restaurant. You earn a bonus that is the same as the cash back you earn in that year if you have promptly make the repayment. The card works great as a backup card because it does not have any annual fee.
2. Chase Freedom
Chase Freedom allows you to earn $150 bonus when you meet the minimum spending requirement of $500 within a 3 month timeframe. It has a rotating bonus categories program where you can earn 5% cash back on purchasing products in these categories. You also get 1% cash back if your purchases are outside of the rotating categories. Chase Freedom is a zero percent interest cash back card with a 15 months intro promo. Cash back is automatically credited into your account.
3. U.S. Bank Cash + Visa Signature Card
U.S. Bank Cash + Visa Signature Card let customers earn 5.5% cash back for up to the spending limit of $2,000 on the rotating categories. In the second year, you will earn 5% cash back on the rotating categories. It also has a promotion on everyday category where you earn 2.5% on grocery or gas purchases. For other purchases, you will earn a 1.5% cash back in the first year and 1% cash back in the second year.
4. Blu Cash Preferred Card
Blu Cash Preferred Card allows you to earn 6% cash back when you charge your card for purchases at the U.S. supermarkets. If you make use of the 6% cash back to the fullest, you can earn more than $180 cash back per year. There is a 3% cash back for purchases at a U.S. gas station. All other purchases will earn you a 1% cash back. If you spend $1,000 in the first 3 months, you can claim a $200 statement credit from them. The card has a $95 annual fee.
5. Alliant Cashback Visa Signature Credit Card
Alliant Cashback Visa Signature Credit Card offers up to 3% cash back on purchases in all categories during the first year. After the first year, you will earn a 2.5% cash back. It does not charge any foreign transaction fee. The $59 annual fee is waived in the first year.
Student credit card offers additional cash flows for students to cover their expenses. It also offer them opportunity to learn how to manage their finances when they follow up on the repayment. As they make repayment on time, they will be able to build up their payment history and credit profile. The following are the top 4 student credit cards that are the most popular among college students.
1. Journey Student Rewards from Capital One
Journey Student Rewards from Capital One offers 1% cash back on all purchases. Every time you make the repayment on time, you will receive 1.25% cash back on that month. You can access a higher credit line when you promptly make repayment for 5 consecutive months. CreditWise from Capital One allows you to check your updated credit score for free. The student card also offer zero dollar fraud liability in case the card is stolen and used for fraudulent purchases. Other features of the card include foreign transaction fee, collision damage waiver, extended warranty, 24 hour travel assistance, and travel accident insurance.
2. Discover Student Cash Back Card
Discover Student Cash Back Card offers 5% cash back on bonus categories that change every quarter. Each quarter has 4 months and the first quarter starts on the 1st of January. If you shop outside the bonus categories, you will still earn a 1% cash back. Students who have achieved at least a GPA 3 will receive a $20 cash back. The card offers a zero percent APR intro promo for the first 6 months for purchases after which you will be charged an APR interest rate anywhere in between 13.99% – 22.99%. The cash back can be redeemed in the form of statement credit, check and credits for Amazon shopping.
3. Discover it Chrome
Discover it Chrome offers 2% cash back when you spend up to $1,000 in each quarter. You also earn 1% cash back on other purchases. You can get $20 cash back every year for up to 5 years if you have a GPA 3 or above. It will match the cash back you earn at the year end automatically if you are on time in making repayment every month. Discover it Chrome also have a zero percent APR for the first 6 months for purchases. For balance transfer, the APR rate is discounted to 10.99% during the first 6 months.
4. Citi ThankYou Preferred Card for College Students
Citi ThankYou Preferred Card for College Students offers 2x ThankYou Points on per dollar spent in dining and entertainment. Other purchases will earn you at least 1x ThankYou Point. There is no limit on the number of ThankYou points you can earn. Some of the features of CitiThankYou Preferred Card are extended warranty, $0 liability, concierge, and online banking. You can choose the monthly due date for the credit card repayment. The card features a zero percent APR for the first 7 months on purchases after which you will be charged for an APR interest of 15.49% – 25.49%.