A great deal of credit cards offer you rewards in the form of points awards, airline miles, cash back, and a huge variety of options. You will accumulate these rewards as you make purchases on your card.
Essentially, every dollar spent is tied to a certain numeric point system, and when there are enough points accumulated, you can then convert them into airline tickets, travel, cash rebates on major purchases and special offers.
Some credit cards offer bonus rewards at certain categories of merchants, and it can be difficult to know for sure which purchases or stores will qualify. To make matters worse, some of these cards limit the amount of rewards you can earn each month, each quarter, or each year. Finally, other credit cards make it even more difficult to earn rewards by constantly changing the types of purchases that are eligible for a bonus, and requiring you to login and “activate” the new bonus categories each quarter.
Consider these reward credit cards that offer a flat rate of return on all purchases, all of the time.
BankAmericard Travel Rewards®
Earn 1.5 points for each dollar spent with the BankAmericard Travel Rewards® Credit Card. New cardholders get 20,000 online bonus points after making $1,000 in purchases within the first 90 days, which can be redeemed for $200 statement credit toward travel purchases. Cardholders who have an active Bank of America checking or savings account get a 10% customer points bonus on every purchase. Preferred Rewards clients receive even more — from 25% to 75%. There is no annual fee for this card and no foreign transaction fees.
Chase Freedom Unlimited℠
New! The Chase Freedom Unlimited℠ Credit Card offers unlimited 1.5% cash back on every purchase – it is automatic! Earn $150 bonus after you spend $500 on purchases in your first 3 months from account opening. Also get 0% intro APR for 15 months on purchases and balance transfers, then a variable APR of 15.49%-24.24% applies. Balance transfers are subject to a fee of either $5 or 5% of the amount of each transfer (whichever is greater). Cash back can be requested at any time with no minimum requirements. There is no annual fee.
Capital One® Quicksilver® Cash Rewards
The Capital One® Quicksilver® Cash Rewards Credit Card offers all card holders unlimited 1.5% cash back on all purchases. New cardholders can earn a one-time $100 cash bonus after spending $500 within three months of approval. Rewards don’t expire and can be redeemed in any amount at any time. Other benefits include extended warranty coverage, shopping discounts, and special access to events, as well as concierge and travel assistance services. There is no annual fee for this card and no foreign transaction fees.
Citi® Double Cash Card – 18 month BT offer
When the Citi® Double Cash Card – 18 month BT offer from our partner Citi was introduced, it quickly became one of the leading cash back credit cards on the market. It offers 1% cash back at the time of purchase, and another 1% cash back on the balance paid. There is no limit to the amount of rewards that you can earn, and your rewards never expire. Other benefits include extended warranty coverage, purchase protection, and Citi’s exclusive Price Rewind which finds price drops on items you have purchased within 60 days and gives you a refund on
the difference. There is no annual fee for this card.
Barclaycard CashForward™ World MasterCard®
A relative newcomer, the Barclaycard CashForward™ World MasterCard® offers 1.5% unlimited cash back on every purchase. Cardholders also get a 5% redemption bonus. The minimum redemption requirement is $50. New cardholders can earn $100 bonus after spending $500 in purchases in the first 90 days of account opening. Additional benefits include various travel insurance, extended warranty, purchase and return protection, concierge services, and a free FICO score every month. There is no annual fee.
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