Annual Fee: $0 for the first year; $99 thereafter. If you prefer a simple cash back scheme, a card that earns the same flat rate on all your spending could be a fit. Restrictions, limitations & T&Cs apply. No, you won’t earn any cashback on interest or balance transfers, just on the money you spend on your card. You could turn $150 cash back into $300. Even after the first year, the Discover it card, with it’s rotating bonus categories, offers solid rewards. Simply make a donation to Foster Care to Success (FC2S). Registered in England No. Cashback current account terms vary, but generally speaking the more you spend – with approved partners such as chain stores and energy companies – the more cashback you earn. And if you use cashback credit cards carefully you could earn a lot back. That’s because you won’t be able to deduct any money you earn as cashback, as part of your business expenses. The concentration was on major banks and standout credit cards at lesser known banks with online accessibility. That’s because you can transfer the points earned on your Freedom Flex to one of these premium cards where they can be redeemed for more value through Chase Ultimate Rewards or transferred at a 1:1 ratio to Chase’s airline and hotel partners including United and Hyatt. In addition, be sure to cash out your rewards before you close a credit card account. All you have to do is enter a few details. Rewards: Earn 5% cash back at Amazon.com and Whole Foods Market, 2% at restaurants, gas stations and drugstores and 1% on all other purchases. Earn an introductory 3% cash back on all purchases in the first 12 months from account opening, up to the first $10,000 in purchases. You’ll earn 5% cash back on travel purchased through Chase Ultimate Rewards, 5% cash back on up to $1,500 of spending per quarter in rotating categories when you activate, 3% cash back on dining at restaurants, including takeout and eligible delivery services, 3% cash back on drugstore purchases and 1% cash back on all other purchases. You can opt-in for Discover to remind you when the bonus categories are changing. Other Benefits and Drawbacks: This is a card that’s best for someone highly organized who won’t miss opting in to their 5% categories each quarter. To view rates and fees of the Blue Cash Everyday® Card from American Express, please visit this page. All other spending earns 1%. Discover’s bonus categories have typically been high-value spending areas such as groceries, Amazon.com purchases, gas stations and restaurants. Other cards may instead transfer the money to your current account, or convert the cash into reward points that can be redeemed once you reach an agreed amount. Welcome Offer: Earn 20,000 bonus points (a $200 value) when you spend $3,000 within 90 days of account opening. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Propel card also offers an introductory APR on purchases and balance transfers for the first 12 months after account opening. This could be handy if you know you’d like to spread the cost of more expensive items over a longer period of time. It could be air miles, discounts at certain hotels or vouchers to use on your shopping. Rewards-based credit card products, such as cashback, only work for you if you can pay off the card in full each month. Other Benefits and Drawbacks: While rewards at Amazon and Whole Foods are excellent, rewards for other purchases are just average. Finally, you’ll also get cell phone protection when you pay your cell phone bill with your Freedom Flex card. You don’t want to rack up huge credit card bills to earn cashback, then be unable to pay those bills and go into debt.