Who doesn’t love some cash-back.
When credit cards started out there weren’t many cash-back opportunities. What bank would want to give away free money? Well fast-forward to 2020 and you can see why cash-back rewards are the favorite amongst credit card consumers.
How do Cash-Back’s work?
Getting cash back on a Credit Card is as easy as inserting your card into the card reader. No, really. When your credit card company offers cash-back rewards, that means they will give you a certain percentage back for every dollar you spend.
For example, let’s say the Discover It® card is offering 3% cash back when you shop at the grocery store. If you go to the grocery store and spend $100 you will get $3 in cash back. You can transfer this cash back into your bank account or use it as credit towards your statement.
These cash-back offers really add up.
The Bank of America® Cash Rewards Credit Card offers online shopping rewards which makes it a favorite of ours.
You can earn up to $200 after spending $1000 in cash back rewards within the first 90 days of opening the account.
Annual fee: $0
You can earn 3% from gas station purchases, online shopping, and more.
American Express offers a Blue Cash Everyday® Card that allows you to earn cash back across a lot of different categories. You can earn up to 3% up to $6000 in purchases at U.S. Supermarkets.
Annual fee: $0
Bank of America® Cash Rewards credit card – $200 Cash Rewards Offer
On Bank of America’s Website
|Rewards Rates||Rewards Terms||Cash Bonus|
|3% and 2% cash back on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, 1% on all other purchases||You can update your choice category for future purchases once each calendar month using the Mobile Banking app or Online Banking, or do nothing and it stays the same.||$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening|