Cash back credit cards are designed to bring cardholders cash for the dollars you spend.Over time, this can earn users with hundreds and thousands of dollars, giving you more savings each time you make a transaction.
The beauty of using cash back credit cards is that you’ll be rewarded in actual dollars and cents. Rather than points, these monetary rewards can be used for just about anything, making it a worthwhile financial offering to consider.
With the numerous cash back credit cards available on the market, it may be difficult to choose which ones are the best for your needs. In this article, we’ve rounded up the three best cash back credit cards of 2020. Read on to know more.
Citi Double Cash Card
True to its name, the Citi Double Cash Card allows cardholders to earn double the cash back. Of this 2%, you get access to the unlimited 1% cash back with every purchase, plus an additional 1% when you pay. You can direct deposit it or pay for your credit statement.
The Mastercard-powered card offering comes with no annual fee as well as an enviable rewards program. Citi Entertainment also provides users with special ticket purchase access to events and other exclusive experiences.
The APR for this card is 13.99 to 23.99% depending on your creditworthiness. For more information, feel free to pay Citi a visit at 388 Greenwich Street, New York, NY 10013. You may also reach them via the messaging feature on the Citi Mobile App or Citi Online.
Capital One SavorOne Cash Rewards Credit Card
For those who want a warm welcome, Capital One lets you in on a one-time welcome cash bonus of $150 once you spend $500 in the first three months. As part of their welcome offer, you can also get 0% APR for the first 15 months of account opening.
Besides this, you’ll also get to enjoy 3% cash back on dining and entertainment purchases, 2% cash back from groceries, and 1% cash back on all other spending. There are no annual fees. And no expiration date to collecting the rewards.
After the 0% introductory APR, you’ll be given a variable APR ranging from 15.49 to 25.49% depending on your creditworthiness. For inquiries, you canvisit the bank at Capital One Financial Corp, 1680 Capital One Drive, McLean, VA 22102-3491. Or call at 1-800-227-4825.
Alliant Cashback Visa Signature Card
For those interested in a more premium and luxurious offering, look no further than the Alliant Cashback Visa Signature Card. With 2.5% cash back on all purchases and up to $250 in cash back for every billing cycle, this offering is undoubtedly unbeatable.
More than the unlimited cash back, cardholders can also get competitive interest rates for as low as 11.74% APR and as high as 14.74%. It also comes with a generous credit limit alongside no transaction fees.
Designed for those with a high credit rating and huge spenders, this Alliant offering clocks in at $99 per year in annual fees. However, this is waived for the first year.
For queries, call Alliant at 800-328-1935. You may also make an appointment at 11545 W. Touhy Avenue, Chicago, IL 60666.
Cash Back Rewards Cards Conclusion
Getting the best cash back credit cards can bring about a ton of savings. You basically get to earn for spending. Make sure you read all the rules of the road before getting on any credit card vehicle. The credit card should help you enhance not put a kink in your finances.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
