For the longest time, the best card with cash-back rewards for a credit card offered by a bank was the Discover card. But with the introduction of the Chase Sapphire Reserve card in late 2017, the Discover card became a distant memory. Now, many people have realized the benefits of a Chase card over the Discover card by checking out Chase’s list of the best cash-back credit cards to consider for your next card. (After all, both cards give you the chance to earn cash back!)
Since the introduction of the Chase Sapphire Reserve card, other banks have introduced their own versions of the cash-back credit card to compete for your attention. The biggest card by far that has made it to most people’s lists is the Capital One® Premier Rewards Visa® Card, which is the most popular credit card by far! Not to mention that the card gives you the opportunity to earn cash back on all your other purchases as well! With no annual fee, you can get a Chase Visa® card and enjoy the best cash-back credit card rewards in the industry.
When it comes to finding the best cash-back credit card, there are many factors to consider. However, there are some easy steps to take when shopping for a new cash-back credit card for your next one. Here are our top recommendations!
Shop With a Bank That Has the Best Cash-Back Cards For 2021
In order to make the best financial decision possible, you will need to know what the top cash-back credit cards are for the past year. What are the best credit cards? If you are new to the world of credit cards, you probably don’t know the difference between checking and rewards credit cards. It is important to try to avoid opening new credit cards as soon as possible. However, if you’re already familiar with the world of credit cards, it is important to start your research at a place that has the best cash-back credit cards to choose from.
So how can you learn what is the best credit card on the market? Well, you need to start by looking at the name of the credit card as well as the logo on the front of the credit card. You need to also look at the cash-back offers that the credit card offers. Remember that you should always shop around as the best credit card for one person may not be the best credit card for someone else.
Once you have identified the best credit cards, you will want to check its annual fee which can add substantial interest on the balance that you carry at the time you open the card. But that’s not the end of it. One of the biggest factors to consider when looking for the best cash-back credit card is the interest rate of the credit card. What is the best credit card for 2021? How does it actually pay you back? There are two things you need to look for in determining the best cash-back credit card: 1) The card’s overall interest rate which allows you to use the card for the longest amount of time and 2) the cash-back offer that the card offers.
The Capital One® Premier Rewards Visa® Card has a 0% introductory APR on your first purchase and a 2.99% introductory APR on all other purchases. So, instead of paying the full APR for the first thirty days, you can enjoy a 0% introductory APR on the first purchase and a 2.99% introductory APR on all other credit card purchases. What does that mean? It means that even if you make a large amount of purchases early in the year, the balance that you carry on the card will grow at the same rate of interest since there is no fee until the balance that you carry reaches $1,000! There is also a $100 cash-back bonus after you spend $1,000 and you earn $20 in cash-back!
The Chase Sapphire Reserve® Card offers an introductory APR of 3.24% on your first purchase and a 3.99% introductory APR on all other purchase and the cash-back bonus that you receive on your every purchase. This card also has a $200 cash-back bonus after you spend $2,000 and you earn $40 in cash-back! The card will increase your interest every year after the introductory APR period but will not increase it once the APR is in place. There is a $200 cash-back bonus after you spend $3,000 and you earn an additional $40 in cash-back! There is also a $200 cash-back bonus after you spend $5,000 and you earn an additional $40 in cash-back! The card has a $450 cash-back bonus after you spend $8,000 and you earn an additional $75 in cash-back! There is also a $500 cash-back bonus after you spend $10,000 and you earn an additional $175 in cash-back!
When you combine the two best cash-back credit card rewards, you get the Chase Sapphire Reserve® Card paying you an amazing average of 3.24% on your purchases with 0% interest on the first $1,000 you spend and a 0% APR on all other purchases.
Here are 10 other top cash-back credit cards that may be worth your consideration:
The best credit card for $100 cash-back is the Visa® Platinum MasterCard that offers $100 cash-back after you spend $5,000 on eligible purchases. That means that you can earn up to $100 in cash-back per month and the card has a cash-back bonus of up to $200 for qualifying purchases. The card’s annual fee is $95.