Cash back credit cards refer to those cards that offer the cardholders with cash rebates for every purchase. These are perfect for people who often use their credit cards in purchasing almost everything and anything- from food to gas and other daily necessities. Below are some of the most popular cash back credit cards today:
Discover More Card (formerly Discover Platinum)
Through this card, you can get a full 5% Cash back Bonus in various categories. These categories changes four times every year. These may include travel, clothes, home needs, gas, restaurants, movie passes and more. In addition, you can also earn a 1% Cash back on all the other purchases using this card. This card’s introductory offer is also quite tempting. It has an introductory APR at Zero percent for the first six month. After this period, the APR will have a variable rate- it can be as low as 10.99% or as much as 18.99%. The Discover More Card also has a zero percent balance transfer rate for the first year of use. There are also no annual fees.
HSBC Platinum MasterCard® with Cash Back Rewards
Using this card, you can earn the full 1% cash back for all of your purchases, regardless of what you bought. What’s most alluring about this card is the fact that you will have a Zero APR for the entire introductory period of 12 months. After the introductory period, your APR will then have a variable rate which can be as high as 17.99% or as low as 8.99%. This rate is considerably lower than the rate of other cash back credit cards. For the first 12 billing cycles, this card also has a Zero balance transfer rate. There are also no annual fees.
Chase Freedom Credit Card
This card has a cash back offer of 3% on all the purchases that fall under the three categories that you purchase most often every month. For example, if you spend a lot on gas, grocery items, and food purchases in restaurants, you will earn 3% cash back on all your purchases within these categories. In addition to that, you will also earn a cash back rate of 1% on all your other purchases. Another good thing, there is $50 cash back on your very first purchase using the card.
However, there are no introductory APR packages so your rate will stay at 14.99% all throughout the period of your card usage. The balance transfer rate is also the same rate as that of the APR. Cardholders will not be charged with any annual fees.
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