5 Best Cash Back Credit Cards in 2020`
Searching for the best financial tips on credit cards in 2020? Our friends from LoanMoz helped put together a list of the top Cash back credit card can help you to save some money if you regularly use it for your shopping. With a cash back credit card, you get to earn a percentage of cash back from selected purchases designated by the credit card company. The savings can total up to quite a sum of money through the few percentages of cash back you receive. According to LoanMoz these are five of the best cash back credit cards in 2020.
1. Discover it Cash Back
Discover it Cash Back allows you to earn 5% of cash back on different groups of purchases in each quarter and unlimited 1% cash back on all purchases. All cash back will be automatically matched at the end of the first year. The card has zero annual fee. The rewards can be used in Amazon checkout. The interest rate is waived for 14 months in the intro period.
2. Chase Freedom Unlimited
Chase Freedom Unlimited offers 1.5% cash back on all purchases. You will earn $150 after you have spent $500 within 3 months. You can boost your rewards by 25% – 50% by transferring them to another Chase Sapphire card. The card has a 0% introductory period for 15 months. There is no annual fee.
3. Citi Double Cash Card
Citi Double Cash Card offers 2% cash back on all your purchases. The first 1% cashback is earned when you make the purchase and the second 1% cash back is earned when you pay for your credit card on the due date. The balance transfer card offers 0% introductory rate for 18 months. It has no annual fee.
4. Blue Cash Everyday Card
Blue Cash Everyday Card from American Express allows you to earn 3% cash back when you shop at a U.S. supermarket. The 3% cash back on supermarkets is up to a maximum of $6,000 per year. Besides, you get to earn 2% cash back when you pump petrol at a U.S. gas station. All other purchases will automatically earn you 1% cash back. There is a $150 intro bonus when you spend $1,000 in the first 3 months. You don’t have to pay annual fee on the card.
5. Blue Cash Preferred Card
Blue Cash Preferred Card from American Express is the cash back card to go if you frequently use it for buying groceries as it offers 6% cash back on groceries at U.S. supermarkets. The card will also help you to earn 6% cash back on selected U.S. streaming subscriptions. In addition, the card can be used for earning 3% cash back on transit, and U.S. gas stations. You earn 1% cash back on the rest of the purchases. You earn $250 intro bonus if you spend a minimum of $1,000 within 3 months. The annual fee of the card is $95.