Amanda Peterson
October 30, 2023
• 5 Minute Read
Are you looking for a way to make your everyday spending work for you? Cashback reward credit cards could be the answer. These financial tools offer you the opportunity to earn money back on your purchases, effectively turning your expenses into savings. We'll explore the world of cashback reward credit cards and introduce you to three great options available through CreditSoup.com.
The Magic of Cashback Rewards
Cashback rewards credit cards are designed to give you a little something extra for your spending. They work on a simple principle: for every purchase you make, a percentage of that amount is returned to you in the form of cash or statement credits. It's like getting a discount on everything you buy, making it a savvy choice for individuals who want to make the most of their finances.
CreditSoup's Top Cashback Picks
Chase Freedom Unlimited®: This card currently has a special offer: Unlimited Matched Cash Back. Use your card for all your purchases and at the end of your first year, Chase will automatically match all the cash back you earned! There is no limit to how much you can earn. Every dollar in cash back rewards you earn is a dollar Chase will match. Enjoy unlimited 1.5% cash back on most purchases, with 3% cash back on drugstore purchases and restaurants - including takeout and eligible delivery services.
- Credit Recommended (660-850):
- Good/Excellent
- Rewards Rate 1
- 1.5% - 5% cash back
- Intro (Purchases)
- 0% Intro APR on Purchases 15 months
- Annual Fee
- $0
- Intro Rewards Bonus
- Up to $300 cash back
- Intro (Transfers)
- 0% Intro APR on Balance Transfers 15 months
- Regular APR
- 20.49% - 29.24% Variable
Highlights
- INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
- Enjoy 6.5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
- After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
- No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
- Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24%.
- No annual fee – You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
- Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.
- Member FDIC
Fortiva® Mastercard® Credit Card: With this card, you earn 3% cash back rewards on gas, groceries and utility bill payments, making it a reliable option for everyday expenses.
- Rewards Rate 1
- Up to 3% Cash Back Rewards; 3% Cash Back Reward on Gas, Groceries and Utility Bill Payments. 1% Cash Back Reward on all other eligible purchases.
- Regular APR
- 29.99% or 36% Fixed
- Credit Recommended
- Fair
- Annual Fee
- As low as $85
- Card Brand
- Mastercard®
- Foreign Trans Fee
- 3% of each transaction amount in U.S. dollars
Highlights
- Earn 3% Cash Back Rewards* on Gas, Groceries and Utility Bill Payments
- Earn 1% Cash Back Rewards* on all other eligible purchases
- Good anywhere Mastercard® is accepted
- $0 fraud liability**
- Free access to your VantageScore 4.0 credit score from TransUnion®†
*See Program Terms for important information about the cash back rewards program.
**Fraud liability subject to Mastercard® rules.
† Your credit score will be available in your online account starting 60 days after your account is opened. (Registration required.) The free VantageScore 4.0 credit score provided by TransUnion® is for educational purposes only. This score may not be used by The Bank of Missouri (the issuer of this card) or other creditors to make credit decisions.
Capital One Quicksilver Cash Rewards for Good Credit: If you prefer a straightforward approach to earning cashback, this card offers 1.5% cashback on every purchase. There are no rotating categories or sign-ups needed to earn cash rewards, and the cash back won't expire for the life of the account.
- Rewards Rate 1
- 1.5% Cash Back on every purchase, every day
- Annual Fee
- $0
- Regular APR
- 29.99% (Variable)
- Fraud Coverage
- $0 Fraud Liability for unauthorized charges
- Foreign Trans Fee
- None
- Balance Transfer Fee
- Balance Transfer Fee applies to balances transferred at a promotional rate
Highlights
- Earn unlimited 1.5% cash back on every purchase, every day
- $0 annual fee and no foreign transaction fees
- Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
- Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
- No rotating categories or sign-ups needed to earn cash rewards
- Cash back won't expire for the life of the account and there's no limit to how much you can earn
- $0 Fraud Liability for unauthorized charges
Rates & Fees
National Cash Back Day
And if those three great cards aren't enough, mark your calendar because November 2nd (the first Thursday of November) is National Cash Back Day; a perfect time to celebrate the benefits of cashback reward credit cards! It's an opportunity to maximize your savings and make the most of your credit card rewards. So, on this day, consider treating yourself to something special with the cashback you've earned.
In conclusion, cashback reward credit cards are an excellent way to get more value from your everyday spending. CreditSoup.com offers several options to choose from, each with its unique features and benefits. As we approach National Cash Back Day, it's an ideal time to explore these cards and make your purchases work harder for your wallet.
Editorial Disclaimer: Information in these articles is brought to you by CreditSoup. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles. The information is accurate to the best of our knowledge when posted; however, all credit card information is presented without warranty. Please check the issuer’s website for the most current information.