Key takeaways
- A 1.5 p.c money again card may help you earn rewards on each buy whereas having fun with advantages like prolonged warranties, journey insurance coverage and no international transaction charges.
- However not all 1.5 p.c money again playing cards are created equally, various by annual price, welcome bonus, extra money again classes and redemption alternatives.
- Fastidiously weigh every card towards your spending habits, credit standing and monetary objectives when evaluating these flat-rate playing cards.
Money again bank cards earn rewards in a number of alternative ways, with some providing a beneficiant flat money again charge on all purchases and others providing more money again in particular or rotating classes.
Playing cards that earn a flat charge of 1.5 p.c money again on all basic purchases can fall into both class, that means that they may give the cardholder a boosted flat charge of rewards plus rotating class rewards or just the flat charge of 1.5 p.c by itself.
These kinds of flat-rate rewards playing cards can include intro APR affords and welcome bonuses, each of which may make their affords much more priceless. And lots of 1.5 p.c money again bank cards additionally include no annual price. In case you’re fascinated by certainly one of these playing cards, try our information for a way to decide on the suitable 1.5 p.c money again card for you.
How to decide on the suitable 1.5 p.c money again card in your pockets
Earlier than you begin bank card functions, observe these steps to slender down your choices:
The most effective 1.5 p.c money again playing cards
Now that you simply’re prepared to decide on one of the best money again card in your pockets, take into account beginning with our prime picks. Right here’s a breakdown of among the greatest 1.5 p.c money again playing cards from every main issuer:
| Card | Rewards | Welcome bonus | Credit score required | Annual price |
|---|---|---|---|---|
| American Categorical Money Magnet® Card* | 1.5% money again on all purchases (phrases apply) | Earn a $150 assertion credit score after you spend $1,000 or extra in purchases along with your new Card inside the first 3 months of Card Membership. | Good to wonderful | $0 |
| Financial institution of America® Limitless Money Rewards bank card | 1.5% money again on all purchases, with the flexibility to rise to as much as 2.62% primarily based on Most popular Rewards membership standing | $200 on-line money rewards bonus after you make not less than $1,000 in purchases within the first 90 days of account opening. | Good to wonderful | $0 |
| Financial institution of America® Limitless Money Rewards Secured bank card* | 1.5% money again on all purchases | N/A | Restricted credit score, no credit score or poor credit score | $0 |
| Capital One Quicksilver Money Rewards Credit score Card | 1.5% money again on all purchases and 5% money again on inns and automotive leases booked by way of Capital One Journey | Earn a one-time $200 money bonus after you spend $500 on purchases inside 3 months from account opening | Good to wonderful | $0 |
| Capital One QuicksilverOne Money Rewards Credit score Card | 1.5% money again on all purchases and 5% money again on inns and automotive leases booked by way of Capital One Journey | N/A | Honest | $39 |
| Chase Freedom Limitless® | 5% money again on journey booked by way of Chase Journey℠, 5% money again on Lyft rides (by way of March 2025), 3% again on eating and drugstore purchases and 1.5% money again on different spending | Earn an additional 1.5% on all the pieces you purchase (on as much as $20,000 spent within the first yr) — price as much as $300 money again. That’s 6.5% on journey bought by way of Chase Journey℠, 4.5% on eating and drugstores, and three% on all different purchases. | Good to wonderful | $0 |
The underside line
The most effective 1.5 p.c money again bank cards supply beneficiant rewards and include no annual charges, but they fluctuate fairly a bit from there. For instance, among the playing cards that provide 1.5 p.c money again additionally supply increased rewards charges in extra classes, whereas others solely supply a flat charge and are geared towards shoppers with honest credit score or no credit score.
It’s additionally price noting that there are money again bank cards that provide a flat charge of two p.c money again with no annual price required, which could possibly be another choice for you should you’re not involved with incomes different boosted rewards. Examine money again bank cards primarily based on their rewards charges, options and costs to search out one of the best match in your spending habits and monetary wants.
Details about the American Categorical Money Magnet® Card and Financial institution of America® Limitless Money Rewards Secured bank card has been collected independently by Bankrate. Card particulars haven’t been reviewed or accredited by the issuer. The Financial institution of America content material on this publish was final up to date on August 8, 2024.
