Key takeaways
- A 1.5 p.c money again card will 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 fee on all purchases and others providing additional cash again in particular or rotating classes.
Playing cards that earn a flat fee of 1.5 p.c money again on all basic purchases can fall into both class, which means that they may give the cardholder a boosted flat fee of rewards plus rotating class rewards or just the flat fee of 1.5 p.c by itself.
These kind of flat-rate rewards playing cards can include intro APR presents and welcome bonuses, each of which might make their presents much more worthwhile. And plenty of 1.5 p.c money again bank cards additionally include no annual price. If you happen to’re fascinated by considered one of these playing cards, take a look at our information for a way to decide on the precise 1.5 p.c money again card for you.
How to decide on the precise 1.5 p.c money again card in your pockets
Earlier than you begin bank card purposes, comply with these steps to slender down your choices:
One of the best 1.5 p.c money again playing cards
Now that you just’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 a few of 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 throughout 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 power 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 at the very least $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 resorts and automotive leases booked via 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 resorts and automotive leases booked via Capital One Journey | N/A | Honest | $39 |
| Chase Freedom Limitless® | 5% money again on journey booked via Chase Journey℠, 5% money again on Lyft rides (via 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 things 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 via Chase Journey℠, 4.5% on eating and drugstores, and three% on all different purchases. | Good to wonderful | $0 |
The underside line
One of the best 1.5 p.c money again bank cards provide beneficiant rewards and include no annual charges, but they differ fairly a bit from there. For instance, a few of the playing cards that supply 1.5 p.c money again additionally provide greater rewards charges in further classes, whereas others solely provide a flat fee and are geared towards shoppers with truthful credit score or no credit score.
It’s additionally price noting that there are money again bank cards that supply a flat fee of two p.c money again with no annual price required, which may very well be another choice for you in the event you’re not involved with incomes different boosted rewards. Examine money again bank cards primarily based on their rewards charges, options and costs to seek 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 permitted by the issuer. The Financial institution of America content material on this submit was final up to date on August 8, 2024.
