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How Can You Enjoy the Benefits of Credit Card Bonuses?

Most people can earn cashback credit card bonuses if they spend a certain amount of money on a certain type of card. Generally, cashback rewards cards offer 1% to 2% back on each purchase. So, if you spend $1,000 over a statement period, you’d earn $10 back. Depending on the card and your spending habits, you can even earn more than 5%! But before you sign up for a cashback card, you should know exactly what you spend on it.

Best Checkback Rates

To get the best cashback rate, you’ll need to spend $1,000 within 90 days of opening your account. This means that you’ll earn about 2% back on most of your purchases. That’s not much, but it can be worth it if you’re able to pay off your balance each month. Also, some cards offer higher cashback rates than others, so it’s important to compare different cards.

Cash Back on Grocery Purchases

The most common and the best cashback credit cards offer 5% cashback on grocery purchases. This is a great bonus if you spend a lot of money at grocery stores and other types of stores. Some of these cards even allow you to redeem your cashback for statement credits. You can use the credit card for purchases like gas, home improvement stores, and grocery stores. These types of rewards are stored in your account instead of being transferred to another account. Alternatively, you can use your statement credits to pay off your credit card balance, which means you can use them at any time.

Rotating Categories

Some cashback credit cards offer rotating categories that are worth pursuing. Some offer bonuses every quarter. Chase Freedom Unlimited offers 2% cashback when you pay your bill and make purchases. And, if you buy things at a grocery store or wholesale club, you’ll earn up to 5% back. You can also get cashback if you purchase these items on your card, depending on the terms of the credit card.

Higher Rewards

Other cash-back credit cards offer higher rewards in specific categories. Live entertainment and streaming services can earn up to 5% back. Other types of purchases can earn you more than 5%. A 5% cashback credit card is a good option if you frequently use a particular category. It’s best to take note that you have to be careful when choosing a particular card. A 3% cashback on an average purchase is a good deal.

Higher Percentages on Certain Types

Some of the cashback credit cards offer higher percentages on certain types of purchases. For example, the Capital One 360 Cash Back Rewards gives 1% back on all purchases. Other cashback credit cards offer higher percentages on specific categories. You can choose the bonus categories that matter most to you. Some are more useful than others, depending on your budget and spending habits. When you spend money on a particular category, be sure to use the card with this category.

Combine Types of Rewards

Some of the most common cashback credit cards allow you to combine several types of rewards. For example, the Citi Double Cash Card will give you 2% back on all purchases, while the Chase Freedom Flex will give you 5% back on your combined purchases in selected categories. In addition, you must be careful when selecting the type of credit card you use. You might be overwhelmed by the different types of rewards and expiration rules. However, cashback credit cards can be a great way to maximize your rewards!

Maximum Number of Bonuses

The best cashback credit cards will offer you the maximum number of bonus categories you can earn. Many of these cards will allow you to change the category you earn cashback for every purchase. Other options are flat-rate or dynamic cashback cards. In order to maximize the benefits of a given card, you must make sure you understand its cashback reward system. A flat-rate card is one with a flat rate of reward.