HOW TO EARN CASHBACK REWARDS WITH A CREDIT CARD?
Getting cashback or a reward after a purchase with a credit card is one of the proud earnings that everyone wants. That is why people are always looking for the best cashback rewards apps of 2022 to get more benefits.
- But, what is a cashback credit card?
- And How to earn cashback rewards with a credit card?
These are the root questions that confuse people about picking cash back credit cards or not. By keeping this in mind, Uthrive’s experts have provided you with the answers to both questions to lessen your stress of choosing the best cashback credit card. Here is the answer to the first question that is:
What is a Cashback Credit Card?
As you know, a credit card is a payment card that a company issues to the user. With the help of a credit card, a person can purchase products and services within a limit that the company assigns. And at the end of the month, the company will generate a bill. This bill will have a time limit that the user must pay without failure.
And when a person gets cashback rewards after purchasing any product or service using a credit card, which is known as a cashback credit card. Various cashback credit cards work with Netflix or other streaming services, paying for vacations, food, etc. Now let’s move to the next question, which is:
How to Earn Cashback Rewards with a Credit Card?
To better understand how to avail of cashback rewards with a credit card, you will need to know the categories of credit cards. Here are the classes:
- Flat-Rate Cashback Credit Cards
When we talk about flat-rate cashback credit cards, the first thing comes into mind that is earning the same cashback on every purchase. This earning can be 1.5% to 2%. These top cashback credit cards are often beneficial for those who are lazy when it comes to managing a credit card rewards program. However, before going for the flat-rate cards, you must check whether your chosen card has an annual fee or other fees that will cancel the rewards you earn.
- Reward Categories Cashback Credit Cards
These cashback credit cards offer various rewards as per their categories. To better understand, let’s take an example. Suppose you have gotten a subscription to an entertainment platform. In that case, you will be able to earn 3x points with Chase Sapphire Preferred Streaming Services.
- Rotating Rewards Cards
The rotating cashback credit cards are known as changing reward categories. They usually change their bonus categories every three-month timespan. These credit cards can be considered better than other options because they offer a high rate of 5% cashback in a limited-time reward category. If you are a person who doesn’t mind keeping track of the rotational bonus types and frequently activate them to earn the bonus rewards, these cards are for you. But if you are only a credit card user, then these types of cards are not as rewarding as a flat-rate or tiered card.
Bottom Line
As you can see these credit cards have many cashback rewards and bonuses. Still, sometimes it is challenging to keep track of rewards and bonuses. But our Uthrive App has made this difficult task easy. It offers tips on which credit card is ideal to use for your big and frequent purchases. This helps you pick the right card every time. Our app allows you to summarise all your credit card points by seeing what you have earned and missed. For detailed information, feel free to get in touch with us.
