Looking for a simpler alternative to travel rewards cards? Cash-back cards may be just what you need. While they may not offer the same flashy perks as travel rewards cards, cash-back cards are flexible and can be great for everyday spending and travel. With cash-back cards, you can use your rewards cash to offset travel costs, such as airfare or hotel stays. Here are some things to consider when looking for a travel-friendly cash-back card:
Look for a good rate of cash back. Flat-rate cash-back cards that earn at least 1.5% back are a decent option. Some cards even offer 2% or more, while others have bonus categories that offer extra rewards for spending on gas, travel, or restaurants.
Consider travel protection. While cash-back cards may not offer as many travel protections as travel rewards cards, the best ones will have some features, such as those offered by Visa or American Express.
If you're traveling abroad, look for worldwide acceptance and no foreign transaction fees. Visa and Mastercard are generally accepted worldwide, while Discover and American Express may not be. Many cash-back cards charge foreign transaction fees, but some do not.
Here are some cash-back cards that can help you pay for your trip:
Chase Freedom Unlimited:
This cashback card offers higher cashback rates in rotating categories, making it ideal for those who can maximize their spending in these areas.
The ability to convert cashback into Ultimate Rewards points when paired with certain Chase cards (like the Chase Sapphire Preferred) can significantly enhance the value of your rewards.
You can use these rewards for travel bookings through the Chase Ultimate Rewards portal, often at a higher redemption rate, making it a versatile card for both cashback and travel enthusiasts.
Blue Cash Everyday Card from American Express:
This card is well-suited for those who spend a significant amount on groceries and everyday purchases.
It offers cashback on purchases at U.S. supermarkets, U.S. gas stations, and select U.S. department stores.
The ability to earn cashback on essential expenses can lead to substantial savings over time.
Capital One Quicksilver Cash Rewards Credit Card:
Although primarily a cashback card, it provides the flexibility to use your cashback rewards for booking travel through the Capital One Travel portal.
It's an excellent option for those who prefer straightforward cashback but want the option to redeem for travel when needed.
These cards showcase how some cashback cards offer additional perks, such as the ability to convert rewards into points for travel bookings or the option to redeem cashback for travel at competitive rates. They provide cardholders with versatility and value beyond traditional cashback rewards.