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Credit cards are the ideal mode of paying for goods purchased and services rendered. Cashback credit cards help you earn a certain percentage of the total amount you spend on the same. The rate of cashback will primarily differ depending on the type of cashback available. Popular choices across major banks include a bonus category cashback, rotating bonus category cashback, and a flat-rate cashback. You can also avail special promotions on various shopping portals to double the benefits. Cashback cards offer a simple way to increase your savings by spending on eligible purchases.

Notable features of a cashback card

• Annual fees and perks
  Most cashback cards are available free of annual charges and offer free balance transfers in the introductory period.
• APR
  Major cashback cards also feature Zero APR for purchases made during the first year.
• Modes of redemption
  Banks offer direct statement credits, direct credits to your checking and savings accounts, and credit to eligible accounts for redeeming the points available on your card.
• Rate of cashback
  The rate of cashback will differ depending on the type of card you use.
• Additional bonus
  Reward points aside, major cashback credit cards also offer a sign-up bonus for stipulated purchases made in the first year.

Here are some recommendations to help you choose from the best cashback credit cards available in the market.

Bank of America offers the best rewards card you can subscribe to in 2019.

• Your accumulated rewards don’t have an expiration date.
• Additionally, you don’t have to pay an annual fee for the card.
• The bank allows a 0% APR for the first 12 billing cycles on purchases made as an introductory bonus.
• Subsequently, purchases will be subject to standard APR in the range of 16.24% to 26.24%
• Balance transfers are free for the first 60 days after opening an account.
• The bank will charge a fee of 3% or $10, whichever is higher, for subsequent balance transfers.

• You must have a minimum credit score of 690 to apply for credit cards that offer cashback.

• The bank will need your personal information, employment details, and proof of citizenship.
• Stating your annual income is mandatory, along with submitting all financial proofs of the same.

• Earn 3% rewards on your choice of cashback category, including gas, dining, travel, home improvement, and online shopping.
• Additionally, you can earn a 2% cashback with grocery shopping.
• A default 1% cashback will be applicable on all other purchases made with the card.
• You will be eligible for a $200 online cash reward for spending $1,000 in the first 90 days.
• As a bonus, the Preferred Rewards member program features additional cashback in the range of 25% to 75% on eligible purchases.

Alliant Cashback Visa® Signature Credit Card

• It is one of the best Visa cards for a flat rate cashback program.
• Although there is an annual fee of $99 that is chargeable, Alliant still offers a low variable APR rate in the range of 12.49% to 14.99%.
• An outstanding cashback rate of 3% is applicable to purchases made in the first year. Thereafter, a 2.5% cashback will be applicable on unlimited purchases.

Chase Freedom®

• Chase Freedom® offers bonus categories for eligible purchases with a 5% rate applicable on spending up to $1,500 per quarter.
• Additionally, a 1% unlimited cashback is applicable on all other purchases.

Blue Cash Preferred® Card from American Express

• The Blue Cash Preferred® is one of the best cash rewards credit cards of 2019 for regular spending at supermarkets and gas stations in the country.
• You can avail a 6% cashback for spending at supermarkets and 3% rewards on gas expenses.

Quicksilver® from Capital One®

• Quicksilver is one of the few cash rewards credit cards that have no restrictions on the amount or time of redemption.

Discover it® Cash Back

• For unique bonuses and opt-in categories, Discover it® is a popular choice among the best credit cards for cashback.