Cash back rewards operate on a percentage basis. An example: If you have a card with a purchase rewards rate of 1.5% and you make $100 in purchases, you would earn $1.50 in cash back.
Typically, the 1.5% cash back is unlimited, meaning you continue earning 1.5% back whether your annual spending on the card is $5,000 or $50,000. If a card you're considering caps its 1.5% earnings at a certain dollar amount that you're likely to hit, consider a different card.
The Capital One Spark Cash for Business offers an unlimited 2% cash back on all purchases. It has an annual fee of $0 intro for the first year, then $95.
Compare to Other Cards
| Capital One Spark Cash for Business | Ink Business Preferred® Credit Card | American Express Blue Business Cash™ Card |
|---|---|---|
| Recommended Credit Score 690850good - excellent | Recommended Credit Score 690850good - excellent | Recommended Credit Score 690850good - excellent |
For most consumers cash back credit cards will provide more value than a standard airline miles credit card. ... Airline credit cards, on average, provide much better short-term value, while cash back cards are better long-term.
Cash back is flexible and easy to redeem. Points or miles dangle the possibility of a paid-for vacation and, sometimes, a higher reward value per dollar spent. Nowadays, some cards let you redeem rewards for cash or travel at the same value. ... “If you don't want to work at it, cash back is the easy decision.
If you want to earn cash back on every purchase without the hassle of dealing with a complicated rewards structure, a flat-rate, 1.5% cash back credit card is a great option.
Are Cash-Back Credit Cards Worth It? Are cash-back cards too good to be true? According to a recent article on Mint.com, “In Rewards Cards' Terms, How Much Really Is 5% Back?,” the answer is a resounding, “No.” Cash-back programs offer to pay back credit card users a certain percentage of their spending, usually 1-5%.
The short answer: you should have at least two – ideally each from a different network (Visa, Mastercard, American Express, Discover, etc.) and each offering you different kind of rewards (cash back, miles, rewards points, etc.). How many credit cards is too many?
NerdWallet's Best Cash Back Credit Cards of May 2021
Best cash-back cards with no annual fee
| Category | Credit Card | Estimated rewards earned after five years |
|---|---|---|
| Winner | Chase Freedom Unlimited® Card | $2709 |
| Runner-Up | Citi® Double Cash Card | $2213 |
| Best for Rotating Bonus Categories | Chase Freedom Flex℠ | $2647 |
| Best for Online Shopping | PayPal Cashback Mastercard® | $2213 |
There are no credit cards with 3% cash back on everything, at least not forever. The closest you can get is with the Alliant Cashback Visa® Signature Credit Card. ... The Blue Cash Preferred® Card from American Express has an annual fee of $0 intro 1st yr, $95 after.
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