The Best Cash Back Credit Cards in 2022
When you purchase groceries, book airline tickets, or shop online, you’re most likely to use your credit card. In fact, many Americans opt to use their credit card and not carry around cash anymore.
So what’s the point we’re trying to make? If you use your credit most of the time, why not gain something from it? Let your credit card work for you. Not you relentlessly chasing after your credit card debts. How so? Use a credit card that offers amazing cash back perks.
But hold on, what are cash back credit cards? Cash back credit cards allow users to earn cash back like literally, cash comes back to you every time you purchase using the card. Depending on the cash-back credit card you use and the perks it offers, you can earn cash back in the form of points, rewards, discounts, or redeemable cash.
So where do you start? Apply for one of the best cash back credit cards available today. Whichever you choose depends on your spending habits. What’s most important is to choose the best credit cards with the best cash back rewards. Without further ado, here are the best cash back credit cards in 2022.
Best for Travelers: Home Trust Preferred Visa
If you regularly travel, book airline tickets and hotel accommodation, choose the best cash back credit card for traveling. May it be for business or pleasure, the best credit card for you is the Home Trust Preferred Visa.
With this credit card, you get to enjoy 1% cash back on all your purchases. Meaning, that every time you swipe this card in any merchant, you earn cash back. As for the cash back, it is credited to your card at the beginning of each year. There is no limit on the cash back you can earn from the Home Trust Preferred Visa. The best part? It has no annual fees.
Why is the best credit card for travelers? The answer is simple: it has a lot of perks when you travel. If you use this card abroad, you don’t have to worry about costly foreign exchange rates and unwelcome fees. Also, this card has free roadside assistance in case your car breaks down while traveling. Of course, this depends on your location.
Another perk of the Home Trust Preferred Visa is the 90-day purchase protection. This means for any item you purchase using this credit card, you can file a claim to the issuer in case repair, replacement, or reimbursement is needed. This is for eligible damaged or stolen items, (on selected merchants) and the claim can be filed 90 days after the purchase. 1
This is perfect when you travel and shop abroad. When you get home if you realize the item has been damaged or was stolen when in transit you can file a claim under the 90-day purchase protection. Surely, you’ll have peace of mind using this credit card while traveling, plus, you get to earn amazing cash back rewards.
Best for Foodies: Capital One Platinum Mastercard
If you love to dine in restaurants or always go on dinner dates with friends, the Capital One Platinum Mastercard is the best cash back credit card for you. Why is this the best credit card for foodies? Because for every time you use this card to pay in certain restaurants, you get 3% cash back.
Other perks you can enjoy with the Capital One Platinum Mastercard include:
- This card serves as your Costco Membership card
- 2% cash back on gas purchases
- 1% cash back on other purchases from selected merchants
- Zero annual fee
- Offers travel assistance and travel accident insurance
- Purchase insurance, price protection, and extended warranty
Best for Everyday Use: SimplyCash Card American Express
If you use your credit card for different purchases, with no certain category in mind, then the SimplyCash Card American Express is for you. This credit card is best used when you first received it. Within the first 90 days of receiving your card, all your purchases have a 2.5% cash back, capped at $150.
Additionally, upon the first 6 months of using your card, you can earn 5% cash back every time you use this card to pay in restaurants, which is capped at $250. After that period, you can continue to enjoy 1.25% cash back for every purchase, at selected merchants, without any limitation or capped amount.
What you’ll love the most about the SimplyCash Card is you don’t have to bother signing up for rewards monthly or cashing out rewards yearly. Just simply watch your cash back rewards credited to your account without any effort. That’s why it’s called SimplyCash because everything was made simple for your convenience. You can also enjoy other benefits from SimplyCash Card like:
- If you need balance transfers, enjoy low 1.99% interest for the first six months
- Referral bonuses ranging from $100-$1,500
- Get the chance to own priority access concert tickets through the American Express invites
- Higher cash back rewards on particular packages offered by American Express
- No annual fees
Best for Everyday Shoppers: Tangerine Money-Back Credit Card
If you use your credit card every day, may it be dining outside, shopping online, booking vacations, and many more, the Tangerine Money-Back Credit Card is a great option. With this card, you can change your mind and pick your own rewards.
Tangerine lets you choose from two to three different categories of rewards. So you won’t feel tied up to the same perks if you think it doesn’t agree with your spending habits. What makes this credit card different from all the others on this list is you don’t have to wait for yearly cash back reward credited to your account.
Tangerine automatically credits the cash back monthly. It then applies to your card’s existing monthly balance. Another option is you can open a Tangerine savings account, and have your rewards credit there.
Other benefits offered by the Tangerine Money-Back Credit Card are:
- 0.5% cash back on all kinds of purchases in your chosen categories (travel, restaurants, online shopping, and many more)
- 1.95% low-interest rate on balance transfer (this is for the first six months)
- No limits on rewards
With this kind of credit card, you can use it every day depending on your needs and spending habits, while enjoying excellent cash back rewards. If you feel you’re spending too much on traveling, you can change the category. Or if you’re spending too much on groceries, you can add that as an option as well.
As financial experts would advise, always make your money work for you. One way to do that is to use the types of credit cards mentioned above and enjoy the cash back offered without even lifting a finger. Just keep in mind to choose a credit card that always meets your needs.
Also, do your research online and understand the perks of the credit card you’re about to apply to. Most importantly, remember to pay off your credit card on time so you can get to enjoy the cash back rewards you truly deserve. So what are you waiting for? Apply for the credit card that best suits your spending habits and earn cash back now.