The best cashback credit cards: money back on every purchase
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Would you like to get money back on your purchases? Cashback credit cards are one of the best ways to make your everyday spending more profitable.
With every payment, you receive a certain percentage of the purchase amount back, whether in the form of credit, reward points or direct refund to your account.
In this article, we present the best cashback credit cards, their advantages, requirements, and how you can get the most out of them.
Why are cashback credit cards so attractive?
Cashback cards are ideal for anyone who frequently pays by card and wants to benefit from every transaction. Here are some of the main reasons why cashback credit cards are so popular:
- Direct savingsYou will receive a percentage of your purchase amount back.
- No points depreciationUnlike reward points, cashback usually remains valid.
- flexibilityCashback can often be used as credit towards bills or as a direct transfer.
- Bonus incentivesMany banks offer additional bonuses for new customers or higher cashback in certain categories.
Additional strategies to maximize your cashback earnings
Simply using a cashback credit card is often not enough to maximize its benefits. Here are some proven strategies to help you optimize your cashback:
1. Use multiple cashback cards for different categories
Not all cards offer the same benefits for all types of purchases.
While one card offers high rebates for travel, another could be particularly advantageous for supermarket shopping or petrol stations.
A smart strategy is to combine two or more cards to get the most cashback.
2. Take advantage of special offers and partnerships.
Many banks have partnerships with specific retailers or online shops.
This often allows you to receive a higher cashback rate when you use your card at these partners.
Check if your bank has any special promotions or limited-time offers where you can benefit additionally.
3. Pay attention to limits and minimum spending.
Some cards have a cashback limit, which means you can only receive refunds up to a certain amount.
Similarly, some banks require a minimum spend before cashback is credited.
Check the terms and conditions of your card to avoid unpleasant surprises.
4. Automate recurring payments with your cashback card
One easy way to continuously collect cashback is to pay recurring bills such as electricity, internet or streaming services with your cashback credit card.
This ensures that you collect passive cashback without having to make additional purchases.
5. Avoid unnecessary fees
Although many cashback credit cards are available without an annual fee, other costs such as high interest rates or foreign currency fees may apply.
Make sure you pay your monthly bills on time to avoid interest charges, and check the fee structure for foreign transactions if you travel a lot.
6. Combine cashback with other loyalty programs
Some cards allow you to combine cashback with loyalty points or frequent flyer programs.
This allows you to benefit twice – both from the cashback and from bonus points that can later be redeemed for flights, hotels or other rewards.
7. Pay attention to welcome bonuses.
Many banks offer attractive welcome bonuses to new customers, often in the form of additional cashback or one-time bonus points.
Take advantage of these offers by using your card for larger purchases in the first few months to fully utilize the welcome offer.
1. American Express Payback Card – Perfect for frequent shoppers
The American Express Payback Card is ideal for anyone who shops frequently and wants to collect reward points.
Requirements:
- Minimum age: 18 years
- Residence in Germany
- Regular income required
- Credit check required
Limits & Benefits:
- Cashback: 1 point per €2 spent (equivalent to approx. 0.5% cashback)
- No annual fee
- Additional points in Payback partner shops
- Free additional card
2. Barclays Visa Cashback – The all-rounder card
This card is ideal for everyday use, as it offers flexible cashback rates with no annual fee.
Requirements:
- Minimum age: 18 years
- Residence in Germany
- Credit check required
Limits & Benefits:
- Cashback: 0.25% on all purchases, up to 3% at selected partners
- No annual fee permanently
- Free payments and withdrawals worldwide
3. Amazon Prime Visa – The best choice for online shoppers
If you shop at Amazon frequently, this card is the perfect cashback option.
Requirements:
- Minimum age: 18 years
- Residence in Germany
- Amazon Prime membership required
Limits & Benefits:
- Cashback: 3% on Amazon purchases, 0.5% on all other purchases
- No annual fee for Prime customers
- Additional discounts at Amazon partner retailers
Tips to get the maximum cashback
- Use the correct card for the correct purchase.Some cards offer higher cashback for supermarkets, others for online shopping or travel.
- Take advantage of promotionsMany providers have temporary offers where you receive more cashback.
- Pay your bill in full.Avoid interest payments by paying the outstanding amount in full each month.
- Link your card to bonus programsSome banks allow you to combine cashback with other loyalty programs.
Frequently Asked Questions (FAQ)
1. Do I have to pay taxes on cashback payments? No, cashback is considered a discount and is tax-free.
2. Which credit card offers the highest cashback? That depends on your shopping habits. The Amazon Prime Visa, for example, offers 3% on Amazon purchases, while other cards offer a flat cashback rate on all transactions.
3. Can I have multiple cashback cards? Yes, many consumers use different cards for different purchases in order to get the maximum benefit.
4. Are there any hidden costs? Although many cards have no annual fee, foreign currency fees or high interest rates for installment payments may apply.
With a cashback credit card, you can make your everyday purchases more profitable and benefit from attractive discounts. Choose the card that best suits your lifestyle and start getting money back!