Comparing 5-percent Cash Back Credit Cards

You must be wondering, what particular credit cards in the market have a 5% cash back offer? The most popular ones are the Blue Cash® Card from American Express®, the Citi Dividend Platinum Select MasterCard®, the Discover More Card and the Discover® Open Road Card. Let’s take a look at what each of these reward credit cards have to offer.

Blue Cash From American Express

The Blue Cash® from Amex® gives a generous 5% cash back rewards with no limits. That means you can earn as much rewards as you can using you Blue Cash® credit card. It also has a low balance transfer rate of only 4.99% fixed APR, with no annual fee, and a 0% introductory APR on purchases that will last for 6 months.

Discover More Card

This reward credit card from Discover® also gives 5% cash back bonus on selected purchases such as home, gas, travel, movies and restaurant purchases. Discover® More Card holders can also earn from 5% to as much as 20% cash back bonus from selected online shops. It also gives 1% cash back bonus on all other types of purchases that are not qualified for the 5%. You can earn as much rewards as you can and have the chance to double your points when you choose to redeem your rewards from Discover’s 80 Cash Back Bonus Partners.

Discover Open Road Card

For drivers and car owners, this reward credit card is a great choice. It awards 5% cash back bonus from gas and auto maintenance purchases and 1% cash back on all other purchases. The Discover® Open Road Card holders also has the chance to get 5% to 20% cash back bonus if they purchase from affiliate online stores found at the card’s official online shopping site. This reward credit card also comes with a 0% APR introductory offer.

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How Cash Back Credit Cards Work

The popularity of cash back credit cards hasn’t waned over the years. In fact, today, more and more people still prefer a cash back credit card over other reward credit cards programs. Do you own a cash back card yourself? Or are you still thinking about applying your own cash back card? Whether you already have a cash back card or is still planning on getting one, this article would surely be useful for you. Let’s discuss more closely how these reward credit cards work.

How Cash Back Credit Cards Reward Holders

Although specific terms and conditions vary between each credit card issuer, the procedure on earning the cash rewards is pretty much the same. Generally, a card holder earns a corresponding point for every dollar he spent using his credit card. Some credit card issuers give 2 points or double points for every dollar but in most cases, 1 point is given for each dollar amount charged on the card. The points are converted to cash or money points, thus their name- cash back credit cards.

Competition among credit cards

Cash back credit card companies are all competing for attention and in order to get more clients, these companies promise only the best. Or course, not everyone deserves your trust. For this reason, caution is advised for everyone who plans on applying for a reward credit card.

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