Flat-rate cashback credit cards are a great way to earn extra rewards on every purchase you make. With this kind of card, you don’t have to track how much you spend or which purchases qualify for higher-value rewards points. Instead, you can just spend money on things that you would have bought anyway and then get a percentage back in cash or points.
Flat-rate cashback credit cards give you a certain percentage of cash back on everything you purchase
A flat-rate cashback credit card offers you a certain percentage of cash back on everything you purchase. For example, a popular flat-rate cashback credit card gives customers 1.5% back on all purchases—including their monthly bills, groceries and gas—and 2% back on all dining and travel purchases.
Some cards even offer 5% or more! As per financial experts like SoFi, “Use your 3% cash back rewards credit card (with direct deposit) to invest, save, or pay.”
Some people prefer this kind of highest cash back credit card because they don’t have to worry about maximizing bonus categories or remembering to redeem rewards for specific purchases. Instead, using your card for everything is easier and letting the rewards add up over time in one account rather than having several accounts with different point totals.
The biggest advantage of a flat-rate cashback card is simplicity
The biggest advantage of a flat-rate cashback card is simplicity. There’s no need to keep track of different categories and change the way you pay your bills, or remember to use the card for certain purchases because all you have to do is use it as normal. All you have to do is sign up for one—and then reap the rewards!
You don’t need to keep track of different categories or change the way you pay your bills
A flat rate cashback card is the perfect solution for anyone who needs to simplify spending. Unlike other types of rewards cards, which require you to keep track of different categories and spend a certain amount in each one (usually 3-4 per month) in order to earn rewards, flat rate cashback cards give you the same return on all purchases.
This means that you don’t have to change the way you pay your bills – whether it’s direct debit or not – so long as they’re paid by the due date. So go ahead – spend as much or as little as you want!
Most flat-rate cashback cards give you the same return, no matter how much you spend each month
Most flat-rate cashback cards give you the same return, no matter how much you spend each month. There is no need to worry about spending thresholds or annual limits. You will get the same percentage back regardless of how much you spend, which means that if you are an avid spender who prefers high rewards rates over low ones, this is a great option for you.
The higher your spending level, the better your rewards can be. This can come in handy when it comes time to use those points or dollars on something really valuable like travel expenses or gift cards.
The best type of card for a flat-rate cashback card is one that gives you the most value. The more you spend on purchases, the more likely you will earn rewards. You also want to ensure that your card has no annual fee or other hidden costs so that there are no surprises when it comes time for renewal.