Credit cards a popular in a majority of households, perhaps because of the tangible and easy-to-understand benefits they provide. Many credit card companies today continue to entice customers to consider using credit cards in their everyday expenses. The question is, are credit cards a good deal with the current economic status across the world?

There are many types of credit cards in the market today, and each has an independent reward system. However, cashback credit cards are significantly popular, thanks to the fact that they offer cashback before doing any purchases. The cashback, which is tax – free, is considered an incentive for your spending.

How Do You Identify a Card That Fits Your Spending Style and Rewards Preferences?

The use of credit cards requires a lot of self – discipline; otherwise, you would end up racking up debt. Building your credit is strongly recommended before applying, especially if you do not meet the threshold, which, more often than not, is a score of 700, and sometimes even higher.

Nonetheless, read before some of the top-rated cash back credit cards worth considering:

Wells Fargo Cash Wise Visa Card

Wells Fargo Cash Wise Visa Cards do not have an annual fee. They come with an Unlimited 1.5% Cash Back on all purchases, a $150 cash bonus within the three months of spending just $500. You can start redeeming from as low as $20.

Blue Cash Preferred Card 

This is American Express and has a 6% Cash Back at U.S. Supermarkets transactions, including eligible purchases on selected media services. It has a $95 annual fee and also attracts a 2.7% fee on the foreign transaction.

Chase Freedom Unlimited

The cashback rate is usually 1.5% on a majority of purchases with a cash bonus of $150 after the first three months of spending at least $500. The card does not have a minimum amount for redemption, plus it does not have an annual fee.

Citi Double Cash Card

The card offers a two-tiered cashback program reward. One is the guaranteed 1% cashback on all eligible purchases. The other is a 2% cashback rate, but only when your balances are paid in full. The card does not have an annual fee, but it attracts a 3% on the foreign transaction.

American Express Cash Magnet Card

The card earns a 1.5% cashback on all qualified purchases, and after making at least $1,000 worth of purchase, you earn $150 cashback. There is no annual fee, and you can redeem any amount over $25.