Cash Back Credit Cards Reddit

Whether a new cardholder or someone who has had an account open for years, many people still have questions concerning cash back cards. We took a look at the most popular questions on Reddit concerning cash back cards and have provided answers for you below.

>>Related: How does Cashback Work?

Q: What are the best cash back cards?

A: This is by far the most prevalent Reddit question regarding cash back cards. Please refer to our ‘What are the Best Cashback Cards’ article for a more in-depth answer.

We recommend the Discover It Cash Back, Citi Double Cash, and Chase Freedom Unlimited cards for those looking to maximize the cash back they earn. However, the Discover It Cash Back card offers rotating bonus categories that earn 5% cash back plus 1% cash back on all other purchases, while both the Citi Double Cash and Chase Freedom Unlimited are flat-rate cashback cards. The Citi Double Cash card offers unlimited 1% cash back on all purchases and another 1% cash back when purchases are paid off, while the Chase Freedom Unlimited card offers 1.5% cash back on every purchase. Therefore, depending on your preferences as a card user, one type of cash back card may be preferred over the other. It is also important to take into account other factors such as APR, annual fee, sign-up bonuses and additional benefits.

For more options, you can find a list of good cash back credit cards here.

Q: Are cash back cards worth it?

A: For many people, the answer to this question is yes. This is because plenty of cash back cards offer a range of 1%-5% cash back on most if not all purchases with no annual fee. These features make cash back cards excellent for all daily purchases. That is not to say that other cards are not great options as well, and pairing your cash back card with other cards that have rewards programs or even travel benefits could be the best option for you.

>>Related: Who Should Get a Cash Back Credit Card?

Q: Travelling points card or cash back card?

A: This completely depends on where most of your money is spent. Cash back cards are definitely the safer option since most will earn you cash back effortlessly on everyday purchases. However, if you travel often it is worth it to check out travel point cards as well.

In short, it depends on the cardholder's spending needs. Cash back cards are better for daily purchases and everyday needs, while travel cards help frequent travelers save on their trips and vacations.

For example, the Chase Sapphire Preferred card is an excellent travel card if you use it often abroad. Its welcome bonus alone, of 60,000 points which translates to $750, makes it a solid choice for those looking to maximize their rewards quickly. However, to earn this bonus you need to spend $4,000 in the first 3 months, making it not the best option for many people.

Q: Best cash back cards for students?

A: We recommend the Discover It Student Cash Back card. This card offers no annual fee, which is an important feature for a student card. Similarly to the Discover It Cash Back card, cardholders can earn up to 5% cash back on rotating categories, which includes grocery stores, restaurants, gas stations, select rideshares and online shopping. 

There is also a feature that allows students who earn a 3.0 or higher to receive a $20 statement on their account, for up to 5 years. That adds up to $100 simply by doing your schoolwork. 

Q: What is the best advice on using cash back cards?

• Use it on everyday purchases to maximize cash back
• Pair it with another card for other purchasing purposes (ie: travel)
• Take advantage of any welcome bonuses
• Pick the best type that most accurately matches your purchasing needs (bonus rewards or flat-rate)

Looking for a credit card that fits your needs but don't want to spend time doing research? BestCreditCard will do it for you. BestCreditCard finds your best 3 credit card offerings according to your own spending habits. Sign up now and find out the best cards for you!