I Like Credit Card Rewards as Much as Anyone - but Cash Back Cards Are Simply Better

The COVID pandemic has accelerated the shift from cash to credit card payments, with cash purchases dropping from 31% in 2016 to approximately 16% today.

Cash-back rewards have significantly evolved, with offerings now frequently exceeding 1% cash-back, allowing consumers to maximize their rewards based on spending habits.

Cards like Discover It can provide 5% on rotating categories, illustrating how cash-back rewards can be tailored to consumer behavior, maximizing potential earnings.

Claiming cash-back rewards is straightforward, as consumers can use them to pay down balances or receive them as direct payments, enhancing their usability.

Read at 24/7 Wall St.