$500 spent ($41 per month) on streaming services.Let’s say you spend the following amounts in these bonus categories annually, loosely based on average consumer spending data from the Bureau of Labor Statistics: streaming services, 3% back at gas stations and on transit, and 1% back on other purchases. supermarkets each year (then 1% back), 6% on select U.S. Meanwhile, the American Express Blue Cash Preferred racks up 6% back on up to $6,000 spent at U.S. That means you must pay your balances off in full to maximize your rewards. The Citi Double Cash Credit Card offers 2% back on all spending - 1% when you make a purchase and another 1% when you pay it off. Rewards Comparisonīoth of these cards offer great rewards rates, but the savings you earn will depend on your spending habits and the kind of purchases you charge. With the American Express Blue Cash Preferred, you’ll earn a $350 statement credit after you spend $3,000 on purchases within the first six months of card membership, which is a pretty high offer for cash back welcome bonus. It offers a higher welcome bonus, while Citi Double Cash earns $200 cash back after spending $1,500 on purchases in the first six months. The Blue Cash Preferred is the clear standout in this category. Secondary auto rental coverage, Global Assist hotline, and return protection.0% APR on purchases and balance transfers for 12 months, followed by a variable APR of 16.24% to 27.24%.0% APR on balance transfers for 18 months, followed by a variable APR of 16.24% to 26.24%.Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.Side-by-Side Comparisonīlue Cash Preferred from American Expressįor a limited time, earn $200 cash back after spending $1,500 on purchases in the first six monthsĮarn a $350 statement credit after you spend $3,000 on purchases within the first 6 monthsĢ% back on all spending - 1% when you make a purchase and another 1% when you pay it off To help you decide, we’re putting two of the best options in each category head-to-head: the Citi® Double Cash Card and the Blue Cash Preferred® Card from American Express. Most commonly, cash back cards offer either tiered rewards on specific categories (often between 2% and 5% cash back), or a lower, flat rate on every purchase (typically 1.5% to 2%).Įither type of cash back card can be valuable, but your spending habits can help determine which rewards structure - along with card details like fees, interest, and added benefits - works best for you. Not every cash back credit card is created equal. What’s more, the complementary flat and tiered bonus category rewards structures also make these cards optimal for pairing, if you really want to maximize every purchase. But if your everyday spending is largely focused in select categories - including supermarkets, streaming, and gas stations - you may find more value from the American Express Blue Cash Preferred. If you’re looking for flat savings on every purchase, the Citi Double Cash offers unlimited 2% back on everything you buy. They’re great cards all around, but the right choice for you can depend on your spending habits. ![]() The Citi Double Cash and the American Express Blue Cash Preferred credit cards are both among our favorite cash back credit cards.
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