A cashback credit card can yield great earnings if chosen and managed in the right manner. It gives one the opportunity to earn rewards in the simplest way, thereby being extremely remunerative. A cardholder has a clear understanding of the earnings that come with a purchase devoid of the need to decode the same, thereby making it a great deal. While some cashback credit cards offer a flat return rate with a purchase, there are some companies that render bonuses depending upon where the purchase is made.
The slew of cashback credit cards on the market can leave one overwhelmed, thus, determining the best deal can be a task. From rewards in the form of one-time rewards to half-yearly bonuses, one can get derailed over making the right choice. Several factors such as the ease of use, the returns over a period of time, annual fee, additional perks and the potential downsides must be closely weighed. If you are on the lookout for the best cashback credit cards of 2018, here are some great options that can facilitate your lifestyle.
Chase Freedom Unlimited® Credit Card
The Chase Freedom Unlimited® is one of the best credit cards of 2018. It packs with it rewards that brilliantly beat out the competition. The only point of difference between the flagship Chase Freedom® and the Unlimited® version is that the latter earns an unlimited 1.5% cashback on all purchases. What makes this card even more lucrative is that the holder can redeem the points through the Chase Ultimate Rewards® portal for everything, from merchandise, travel to even cash equivalents. The methods of redemption include gift cards statement credits and bank account deposits. Chase Freedom Unlimited® Credit Card does not levy an annual fee. One can enjoy a sign-up bonus of $150 upon spending $500 for the first 3 months of opening the account. For those worried about the expiry of cashback rewards, one does not have to worry if the account is open.
Discover it® Credit Card
Discover it® is a well-revered card and is one of the several quality offerings from Discover. This card offers no sign-up bonus; however, the user enjoys a double cashback upon the completion of 12 months. Thus, it means that all the cashbacks that one has earned over the past are doubled, making for an amazing perk. The cash can be redeemed in a form, including, bank account deposit, state credit, check and even Amazon purchase. Discover it® presents one with a feature known as Freeze It that enables the user to control or turn off any of the account features and this includes the ability to make new purchases at the mere click of a button.
Citi® Double Cash Card
For those looking for a simple cashback reward system, Citi® Double Cash Card may be fitting. This card gives holders two ways to earn rewards, one is during purchase and the other is during payment. There are no bonuses attached and one enjoys 1% cashback after every purchase and payment. Moreover, the cardholder must wait for the reward balance to reach an amount of $25 before being able to avail of the cash rewards. Overall, the Citi® Double Cash Card does make it to the list of the best cash back credit cards of 2018 but the only drawback that pulls it down is the lack of a sign-up bonus. Moreover, one also must pay up the charges of foreign transaction fee at the rate of 3%.
Even the best cashback credit cards of 2017 and 2018 come with a set of drawbacks. Thus, it is important to carefully understand the fine print to check for what qualifies as the eligible or non-eligible purchase. Strategies such as earning extra cashback, seeking retention offers, using multiple cashback can aid in getting the best out of your cashback credit cards.
