Best 5 Cashback Cards For Beginners

What are the best cashback cards for beginners?

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Cashback credit cards are a great way for beginners to earn rewards on their everyday purchases. These cards offer a percentage of cash back on every purchase made with the card, allowing cardholders to easily earn money on the things they buy.

If you’re a beginner looking for a cashback credit card, here are the top 5 options to consider:

Amazon Prime Rewards Visa Card: This card offers 5% Back at Amazon.com and Whole Foods Market with an eligible Prime membership, 2% cash back at restaurants and gas stations and 1% cash back on all other purchases. This bonus for this card is a $100 gift card credited to your Amazon account.

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Discover it Cash Back: This card offers 5% cash back on rotating categories (such as gas stations, grocery stores, and restaurants) each quarter, up to the quarterly maximum. All other purchases earn 1% cash back. Cardholders also receive a one-time cashback match at the end of their first year, effectively doubling the cash back earned during that year.

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Chase Freedom Unlimited: This card offers a flat 1.5% cash back on every purchase, with no annual fee. Additionally, this card offers 3% cash back on dining and drugstores, and 5% when purchasing travel through Chase’s Ultimate Rewards travel portal. Cardholders will receive a $200 bonus after spending $500 on purchases in the first 3 months. Chase often runs promotions of 5% back on grocery store or gas station purchases for the first year on up to $12,000 of spend in addition to the other earning rates.

Citi Double Cash: This card offers a unique cashback structure – cardholders earn 1% cash back on every purchase, and an additional 1% cash back when they pay off those purchases. There is no annual fee for this card and the earnings are uncapped.

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Bank of America Cash Rewards Credit Card: This card offers 3% cash back in the category of your choice (such as gas, online shopping, dining, travel, or home improvement/furnishings), 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases. There is a $0-$99 annual fee for this card, depending on the version you choose.

Each of these cards come with no annual fee and elevated earning rates on everyday categories. 

This means the more you shop on regular purchases  the more rewards you receive! 

How do I know what cashback card to start with? 

When selecting a cash back credit card, it’s important to consider your spending habits and choose a card that offers the highest cashback on the categories you spend the most in. It’s also important to pay off your balance in full each month to avoid paying interest and negate the value of the cash back earned.

Overall, cashback credit cards are a great way for beginners to earn rewards on their everyday purchases. By carefully comparing the different options and selecting the card that fits your spending habits, you can easily earn cash back on the things you buy.

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