"Cash-back credit cards reward you with a small percentage of money back every time you make a purchase, essentially giving you a rebate on everyday spending. These cards come in several forms; some offer a flat rate on all purchases, while others feature rotating or fixed categories such as groceries, gas, dining, or online shopping. When used wisely and paired with paying off your balance each month, cash-back cards can put money back in your pocket without costing you a dime."
"One of the easiest and simplest ways to earn hundreds of dollars a year with a cash-back credit card is to take advantage of rotating rewards. The two top cards in this space are the Chase Freedom card and the Discover it, both offering quarterly rotating categories. These categories include grocery stores, gas stations, gym memberships, Amazon, and other choices."
Cash-back credit cards return a percentage of spending as a rebate, available as flat rates or higher rates in specific categories. Rotating-category and fixed-category cards raise rewards for groceries, gas, dining, or online shopping when spending aligns with those categories. Responsible use requires paying the full statement balance each month to prevent interest from negating rewards. Activating and using quarterly rotating categories and choosing cards that match regular expenses can yield hundreds of dollars annually. Popular options include Chase Freedom Flex and Discover it for rotating categories; some Blue Cash cards offer up to 6% back at grocery stores. Cardholders must monitor spending and avoid carrying balances to realize net benefit.
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