Cash back credit cards offer an easy way to earn rewards on everyday spending, typically ranging from 1% to 5% back. This article delves into the different types of cash-back cards, including flat-rate, variable-rate, and those with rotating bonus categories. Flat-rate cards provide consistent rewards regardless of spending category, while variable-rate cards may offer higher returns for loyal customers. Rotating bonus category cards, like the Discover it® Cash Back, allow cardholders to earn elevated rewards on specific categories that change quarterly. The guide also discusses who should consider cash-back cards, such as single-card households or those who frequently shop at specific retailers, and who should avoid them, like avid travelers or those managing multiple credit accounts. Additionally, it outlines the pros and cons of cash-back cards, tips to maximize rewards, and answers common FAQs about their functionality and benefits.
Read the full article here.