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 overseas transaction charges.
- However not all 1.5 p.c money again playing cards are created equally, various by annual price, welcome bonus, more money again classes and redemption alternatives.
- Rigorously weigh every card in opposition to your spending habits, credit standing and monetary targets when evaluating these flat-rate playing cards.
Money again bank cards earn rewards in a number of other ways, with some providing a beneficiant flat money again price on all purchases and others providing more money again in particular or rotating classes.
Playing cards that earn a flat price of 1.5 p.c money again on all common purchases can fall into both class, which means that they can provide the cardholder a boosted flat price of rewards plus rotating class rewards or just the flat price of 1.5 p.c by itself.
These kind of flat-rate rewards playing cards can include intro APR provides and welcome bonuses, each of which may make their provides much more worthwhile. And plenty of 1.5 p.c money again bank cards additionally include no annual price. When you’re all in favour of certainly one of these playing cards, take a look at our information for a way to decide on the fitting 1.5 p.c money again card for you.
How to decide on the fitting 1.5 p.c money again card in your pockets
Earlier than you begin bank card functions, observe these steps to slim down your choices:
The perfect 1.5 p.c money again playing cards
Now that you just’re prepared to decide on the very best money again card in your pockets, contemplate beginning with our high picks. Right here’s a breakdown of a number 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 Specific 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 glorious | $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% based mostly on Most popular Rewards membership standing | $200 on-line money rewards bonus after you make no less than $1,000 in purchases within the first 90 days of account opening. | Good to glorious | $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 automobile 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 glorious | $0 |
| Capital One QuicksilverOne Money Rewards Credit score Card | 1.5% money again on all purchases and 5% money again on inns and automobile 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 every part you purchase (on as much as $20,000 spent within the first 12 months) — 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 glorious | $0 |
The underside line
The perfect 1.5 p.c money again bank cards supply beneficiant rewards and include no annual charges, but they range fairly a bit from there. For instance, a number of the playing cards that provide 1.5 p.c money again additionally supply larger rewards charges in further classes, whereas others solely supply a flat price 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 price of two p.c money again with no annual price required, which may very well be another choice for you when you’re not involved with incomes different boosted rewards. Examine money again bank cards based mostly on their rewards charges, options and charges to seek out the very best match in your spending habits and monetary wants.
Details about the American Specific 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 put up was final up to date on August 8, 2024.
