Looking for a credit card that offers a lot of cash back? These are the ones that offer the most:
Almost half of American adults now have at least one cash-back credit card, up from 43% last year, according to a CreditCards.com report released this week. “There is definitely a trend towards more cash back cards. Airline and hotel cards are getting a bit less lucrative, there are a lot of hoops to jump though and there have been a lot of devaluations in terms of points and miles,” says Ted Rossman, an industry analyst for CreditCards.com.
With that in mind, MarketWatch asked credit card experts what the best cash back card offers they’re seeing right now are that don’t have rotating categories or just give good rates on certain categories, and offer very high rates of cash back. The average for a cash back card is a little over 1%, and 2% is considered a very good rate of cash back, says Papadimitriou; some of the cards that experts highlighted have 3% back, though there are catches.
The catch: There’s a $99 annual fee . Rossman, who also highlights this card as being a good cash-back card, says that means this offer is best for big spenders. “You need to spend at least $20,000 [a year] on the card to come out ahead.”
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