When you compare cashback credit cards, you will find that there isn’t just one type of credit card that pays you to use it. Here are some common cash back credit card types:
The basic cash back credit card issues cash back monthly or annually based on how much you spend. The cashback rate is often a set percentage for all purchases, but the rate can go down over time.
Certain cash back credit cards will give higher cashback rates on gasoline purchases or even automotive maintenance purchases. A gas reward credit card is perfect for anyone who drives much, even as a secondary card.
If you shop at a certain store a lot, you can get a store branded credit card. Usually you only get benefits in that particular store though. Do again, it might not be best as a primary card.
Some credit cards have reward systems setup where you earn points that you can redeem to various merchandise. If the reward is something you actually need, you may appreciate this perk.
An airline credit card isn’t technically a cashback credit card, but if you like traveling it’s as good as cashback. With airline miles credit cards you can earn free trips and other flight benefits.
Check back for future posts when we feature each of these card types and explain how to get the most out of them.
Earn up to 5% cashback everyday or up to 20% online on Discover's wide selection of cash back cards.
Earn up to 3% cashback on everyday purchases such as gas, home improvement and department stores.
Receive cash back to put towards a college education.
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