There are a few different types of cashback credit cards so that anyone can fit the thing that suits their needs. They offer additional bonuses, rates, and conditions, so make sure to know them better before making a final decision.
- Flat-rate cash back cards give you the same cashback rate on every purchase, regardless of the product category. This is the primary type of card that allows you to get between 1.5% and 2% of the total sum back to your account.
- Rotating bonus category cards offer an excellent rate for the bonus categories of the quarter. For other types, you get a flat rate of 1%.
- Tiered credit cards offer a variating percent, depending on the product category. This means that you get a different cashback sum for grocery shopping and eating at restaurants.
- Customizable bonus category cards are similar to tiered cards. The only difference is that you get to choose the category with higher cashback rates. It is highly customizable, and you can tailor it according to your spendings.