The best cash-back credit cards of 2019


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Cash-back cards are the most popular rewards credit cards, according to a recent study — more Americans would prefer to earn cash than rewards points or frequent flyer miles.
While it’s possible to get more value from travel rewards cards, cash back is simpler, more flexible, and often easier.
Like most rewards credit cards, cash-back cards work by giving you a portion of the processing fee that the issuer gets from the merchant for each transaction.
While some cards offer a consistent 1.5–2% cash-back rate on purchases, you may be better off with a card that offers higher amounts back in bonus categories, or large new membership bonuses.
Similarly, you might actually earn more from a card with an annual fee than a no-annual-fee option.
These are the best cash back credit cards currently available, from Chase, Citi, Wells Fargo, Capital One, and American Express.

When you’re looking to earn credit card rewards, the type of rewards you go for, beyond just the specific card you open, can make a big difference in how much value you get.

Specifically, the best type is transferable credit card points. That’s because it can be possible to earn anywhere from 1–4x points per dollar spent, and each point can be worth anywhere from 1¢ when redeemed for cash, 1.25¢–1.5¢ when used to purchase travel, and a potentially unlimited amount, even 10-15¢ each, when transferred to an airline’s frequent flyer program.

However, a downside to most credit card points and frequent flyer miles is that using them is complicated. Getting the highest value often requires compromises, like using points for travel …read more

Source:: Business Insider

      

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