Review featured cards from our partners below. Advertiser Disclosure†
One type of rewards credit card that some people find more straightforward is a cash back credit card. Instead of rewarding the card holder with reward points or airline miles, cash back cards give you a percentage of your purchases back to you each month --- actual cash!
Card holders typically receive between 0.5% - 2% of their net expenditure (purchases minus refunds) in your monthly statement, which you can choose to either credit to your credit card account or paid to you separately. Some card issuers have even raised the cash-back percentage up to 5%. The 5% cash back rate often applies only to purchases you make within a certain category -- groceries, gas, dining, home improvement, etc. Often these high rates are only offered for a limited time or revolve to other categories every few months.
*For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While Credit.com always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
** FICO scores and credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any credit card offer.
†Advertiser Disclosure: The credit card offers that appear on the website are from credit card companies which Credit.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The site does not include all credit card companies or all available credit card offers.