Best credit cards with refund option in United States

Do you think of applying for a credit card? Consider an option that provides a refund of part of the purchase price. Just pay with your card for goods and services and receive welcome bonuses in the form of cash back to your account!

Best credit cards with refund option

How do cards with purchases' interest refunds work?

Such credit cards provide customers money deposits in the form of interest on purchases. The terms of the contract usually specify a refund of between 1 and 5 % of each item purchased. These amounts are deposited to the customer's account in the form of a cashback, and can also be used as credit and transferred to a personal bank account.

REFERENCE. Cashback - the return of money for making purchases. After the purchase of the goods, the fact of payment is verified and the cardholder is deposited with part of the funds according to the terms of the contract.

Cashback is more convenient than other loyalty programmes, where you have to keep track of miles, points and other terms and conditions, which, by the way, are also quite beneficial for consumers.

Advantages of cashback cards

  1. Decent rewards for shopping.
  2. Significant bonuses for registration.
  3. Low or no annual maintenance fee.
  4. A wide range of acceptable annual interest rates.
  5. Extended purchases warranty and a choice of up-to-date insurance types.

How do I choose a credit card with a purchases refund?

If you are impressed by the benefits of this banking product and decide on the best offer, then take a look at the following points:

  • Order and size of reward rates. Choose the terms that offer the highest percentage of reward and take into consideration which items of expenditure are entitled to it. It is advisable to choose a card that offers reimbursement for food, petrol and other essential expenses. Many credit cards refund at least two per cent of purchases.
  • Availability of a registration bonus. Some cards have a bonus of USD 300 or more, majority offers rewards between 50 and 300 dollars, and some offer no such type of incentive. Read the terms and conditions of this bonus programme carefully and compare the pros and cons.

ATTENTION! Sign-up bonuses can increase the cost of card maintenance considerably in the first year.

  • Availability of a fee payment for each year of use. There are cards with no annual service fee or with higher interest rates along with no annual service fee. The annual fee is set at a maximum of 100 dollars.
  • The value of the annual interest rate. There are minimum rates of 14.99%, 15 to 18.99% and rarely more than 26%. Many offers contain a 0% annual rate clause for a certain period. The service is very beneficial for large purchases during this interest-free period.
  • Paying Capacity. This factor shows how closely the credit card is linked with other banking products.
  • Choice of insurance programmes. Insurance is provided for shopping, travel and tourism, car rental and more.

Types of card refunds

The following criteria will help you to choose the best cashback credit product:

  • Fixed rate. In this case, all expenses bring profit in the same value. Suitable for regular daily expenses, but the profit potential is limited in categories such as travel or restaurants.
  • Multilevelled. Offers a high income for certain categories of services and products that you use. It is better to combine with a fixed rate type.
  • Rotating categories. A 5% refund is usually offered according to category. The list of categories changes quarterly by activation. Bonus earnings are limited to 1,500 dollars per quarter.
  • Selectable categories. You can choose your preferred product categories yourself, therefore customising your rewards structure. Especially suitable for customers whose expenses are varied.

Credit products with cashback overview

Chase Freedom Flex

One of the best cashback credit cards, will give you 5% back on your account in categories which can be changed quarterly, you activate them yourself. There is a 5% cashback on your travels, 3% on restaurants (this includes takeaway and home delivery) and pharmacies, and 1% on all other purchases.

Chase Sapphire Preferred

Designed to get benefit from two points per dollar spent when travelling and visiting restaurants. Respectively, the rest of the expenses bring one point per dollar. Points can be exchanged for gift cards and other offers.

Chase Freedom Unlimited

There is no annual fee. Cashback is:

  • 5% - grocery shopping (excluding Target and Walmart) up to $12,000, valid for the first year of use;
  • 5% - trips paid for via Chase Ultimate Rewards;
  • 3% — lunches, purchases in the pharmacies network;
  • 1.5% - other contractual expenses.

If you spend 500 dollars within the first three months of opening the card, you'll earn a nice bonus of 200 dollars.

Discover it Cash Back

You get 5% cashback quarterly in rotating categories (e.g., restaurants, grocery shops, petrol stations) and when you pay via PayPal. There is a limit to the maximum refund amount here. The rest of your purchases earn you 1% cashback in an unlimited amount. There is no annual fee. At the end of the annual period, the earned cashback is reimbursed.

Blue Cash Preferred by American Express

Holders of this exclusive product can get as much as 6% back on purchases up to the 6,000 dollars threshold in American shops, then 1%. There is also a 6% refund on US streaming subscriptions and a 3% refund on expenses at United States of America transit and gas stations.

Blue Cash Everyday by American Express

Contains very beneficial conditions:

  • 3% cashback on purchases at various US supermarkets up to an amount of 6,000 dollars per year, with 1% transferred afterwards;
  • 2% - on expenses when fuelling a car and purchases at certain shops in the USA, unlimited;
  • 1% — from other purchases.

IMPORTANT! There is no annual fee requirement in this proposal. New card holders get 100 dollars off 1,000 dollars and 20% off purchases on for the first six months.

American Express Cash Magnet

Customers are entitled to unlimited 1.5% cashback on all expenses. It is possible to redeem the bonuses for various goods, gift and credit cards.

Capital One SavorOne Cash Rewards

You can earn substantial rewards of 3% for dining out and entertainment, 2% for grocery shopping and 1% for other spending.

it® Chrome

Offered a 2% refund (until you reach 1,000 dollars expenses) on gasoline purchases at stations and restaurant visits. After 1,000 dollars an unlimited refund of 1% is given. There is no annual maintenance fee and the opportunity for rewards does not expire.

Amazon Rewards Visa Signature

The card is suitable if you are a frequent shopper at Whole Foods Market and In this case, there is a 3% refund, and if the card is paired with an Amazon Prime membership, even up to 5%. You get a refund of 2% on expenses at gas stations, pharmacies and restaurants, and 1% on all other types of expenses. There is no annual service fee.

US Bank Cash + Visa Signature

The product offers the following return programme:

  • 5% cashback is awarded on purchases from two categories that you choose. Cashback is carried out for the quarter and prior to the accumulation of 2000 dollars purchases.
  • 2% for everyday purchases of goods from one selected category.
  • 1% is refunded for other eligible expenses.

There is an opportunity to earn 200 dollars if you spend 500 dollars in 90 days on relevant purchases.