Unveiling 2021’s Ultimate Cashback Credit Cards: Your Key to Savvy Spending

CREDIT CARDS
Top Cashback Credit Cards (2021)
By Marc Andre
Updated December 9, 2021
If you love earning back on your expenses, cashback credit cards are the way to go! By spending as you usually do and paying it off in time, cashback credit cards can help you save money.

Here’s a summary of the different types of cashback cards:
1. Flat Rate: Gives a fixed cashback percentage on all purchases, like the Citi Double Cash card, which offers 2% on everything.
2. Tiered: Cashback amount varies depending on spending categories. You could get 6% for supermarket shopping but only 1% on other purchases.
3. Rotating: These cards offer a flat rate on all purchases and bonus cashback offers in specified categories every quarter. Cards like Chase Freedom Flex and Discover It provide 5% cashback on the first $1500 spent in the bonus category per quarter, and 1% on all other purchases.

Let’s delve into our favorite cashback credit cards for various categories:
1. **Citi Double Cash**: Gives 1% cashback on purchases and additional 1% when you pay off your purchases, resulting in 2% cashback on all your purchases. It has no annual fee and even offers a 0% introductory rate for the first 18 months for balance transfers.
2. **Chase Freedom Flex**: Offers 5% cashback in rotating categories each quarter, and 1% on everything else. There’s currently a $200 bonus if you spend $500 in the first three months, and there’s no annual fee.
3. **Discover It**: Like the Chase Freedom Flex, it also offers 5% cashback but in different rotating categories each quarter, with 1% cashback on all other purchases. It has no annual fee.
4. **Blue Cash Preferred Card from American Express**: Gives 6% cashback on groceries (up to $6,000 spent per year), 3% at gas stations, and 1% on all other purchases, with an annual fee of $95 (waived the first year).
5. **Chase Freedom Unlimited**: Offers a flat 1.5% cashback on all purchases along with a $200 signup bonus (if you spend at least $500 within the first 3 months) and no annual fee.
6. **Capital One Quicksilver Cash Rewards Credit Card**: Offers 1.5% cashback on all purchases with no cap, no foreign transaction fees, no annual fees, and a $200 bonus (if you spend $500 in the first 3 months).
7. **Wells Fargo Cash Wise**: Offers 1.5% cashback on all purchases, a $150 bonus (if you spend $500 in the first three months), and 0% interest on purchases and balance transfers for 15 months, all with no annual fee.

Here’s some advice on using a cashback credit card:
– Regularly review if your card still aligns with your spending habits as this can change.
– Carry multiple cards of various types for maximum rewards.
– Use the best card for each purchase.
– Always pay your balance off each billing cycle to avoid interest fees that can offset your rewards.

Cashback credit cards can provide valuable benefits, if used wisely. For further comparison, visit this webpage [insert hyperlink].

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