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This offer is no longer available on our site: Chase Freedom Flex℠
What to consider when applying for a cash back card
Cash back credit cards are popular because they’re fairly easy to use and understand. They typically offer straightforward rewards programs that help you earn the most flexible type of reward: Cash.
There are at least two types of cash back cards. Flat-rate cards offer one consistent rate on all purchases, while bonus category cards give you a higher cash back rate either in rotating categories (like the Chase Freedom Flex℠) or a category that doesn’t change. Cardholders can usually redeem their cash via check, direct deposit or statement credit. The Chase Freedom Flex℠ and Chase Freedom Unlimited® are unique in that cardholders earn points that can be redeemed for cash or other rewards.
But there’s no one-size-fits-all card for everyone. The best cash back credit card for you will depend on your spending habits and the card’s perks and rewards. It also depends on how much work you want to put into earning rewards. Ask yourself the following questions:
What are your most frequent monthly expenses?
How likely are you to track bonus categories, remember to activate them if needed and align your purchases to any bonus categories?
About the author: Kim Porter is a writer and editor who has written for AARP the Magazine, Credit Karma, Reviewed.com, U.S. News & World Report, and more. Her favorite topics include maximizing credit card rewards and budgeting. Wh… Read more.
