Chances are that you may already have a credit card that pays 1%, 1.5% or may be even 3% cashback. If you have prime credit (which means a credit score of 640 or higher), just by making some smart choices, you can significantly earn a lot more dollars in cash back.
We want to make the process of making the smart choices very easy and a no-brainer decision. Did you know, you can earn cash back of up to 10% on many of your common purchases?
Here’s what it means to you in terms of hard dollars. Let’s say you spend an average of $5,000 every year (to keep the math simple) on your credit cards for everyday purchases such as grocery, eating out, gas, cell phone service, purchasing goods and services online, etc. The table below illustrates the comparison of the cash-back that you may be currently earning versus what you could be earning:
|Annual Spend||Cash Back||Cash Earned||Relative Return|
|Your Current Card||$5,000||1%||$50||1X|
|Slightly Better Cash Back Card||$5,000||1.5%||$75||1.5X|
|LendingTree Recommended Cards||$5,000||10%*||$500||10X|
|*Discover it Cash Back card offers 5% cashback and Discover doubles the rewards earned at the end of the 12th billing cycle.|
Our research team has compared hundreds of credit cards and found some cards where you can get up to 10% cashback on your purchases. That is 10X more than what you would typically get in your savings account! Check out these amazing offers:
|Discover it® Cashback MatchTM
10% Cash Back Bonus
This card has No Annual Fee. It comes with 0% Intro APR on Purchases and Balance Transfers for 12 months!
|Blue Cash Preferred® Card from American Express
10% Cash Back on Amazon.com purchases
Everyday Cash Back: Earn 10% cash back on purchases at Amazon.com in the first 6 months, up to $200. 6% at U.S. supermarkets on up to $6,000 per year in purchases (then 1%); 3% at U.S. gas stations; 1% other purchases. Terms and limitations apply. American Express is a LendingTree advertiser.
This card has $95 annual fee. It comes with 0% Intro APR on Purchases and Balance Transfers for 12 months! Then regular APR of 13.24%-23.24% variable.