Maybe you're not leading the jet-setting lifestyle depicted in ads for Chase Sapphire Preferred® Card and Capital One® Venture® Rewards Credit Card. You still deserve a great rewards credit card that can save you some money on your everyday purchases.
I found three card offers that may fit your situation:
- AARP Visa Card from Chase. This affinity rewards credit card offers a few benefits designed in partnership with the country's largest senior citizen advocacy group. Like many rewards credit cards, the APR is a little on the high side, but there's no annual fee. And you can take advantage of rebates of 3 percent on travel and 1 percent on everyday purchases. Chase also offers another version of this card where you can earn 3 percent cash back rewards on gasoline purchases at gas stations as well as earning 3 percent cash back rewards for dining at restaurants and 1 percent cash back rewards on all other purchases.
- Blue Cash Everyday® Card from American Express. With this offer you can earn 3 percent cash back at U.S. supermarkets up to $6,000 per year in purchases (then 1%), 2 percent cash back on gasoline at U.S. gas stations and select U.S. department stores, 1 percent cash back on other purchases. The first $6,000 of purchases at U.S. supermarkets in a calendar year qualifies for 3 percent cash back; 1 percent thereafter. This card carries no annual fee. Cash back is earned on eligible purchases only and is received in the form of Reward Dollars that can be redeemed as a statement credit. The downside is that the APR is a little on the high side on this card so to maximize the rewards be sure you can pay off the balance each month. You might want to check out its cousin, the Blue Cash Preferred® Card from American Express. For a $75 annual membership fee, you can earn 6 percent cash back at U.S. supermarkets up to $6,000 per year in purchases (then 1%), 3 percent cash back on gasoline at U.S. gas stations and select U.S. department stores, 1 percent cash back on other purchases. The first $6,000 of purchases at U.S. supermarkets in a calendar year qualifies for 6 percent cash back; 1 percent thereafter. Cash back is earned on eligible purchases only and is received in the form of Reward Dollars that can be redeemed as a statement credit. If you are interested in either offer be sure to review the American Express application page where you can access the terms, limitations and restrictions that apply to both offers.
- BankAmericard Cash Rewards™ Credit Card If you live close to one of Bank of America's neighborhood branches, you might appreciate a cash back rewards card with the option of face-to-face support. Bank of America has done a great job integrating its credit card offerings into its retail branches. Earn 1 percent cash back on every purchase, on the first $1,500 combined gas and grocery store purchases each quarter you can earn 3 percent cash back on gas and 2 percent cash back at grocery stores. No annual fee and a relatively low APR.
Remember that banks often reserve their best reward credit card offers for consumers with higher incomes. Your fixed income won't disqualify you from getting approved for a cash back credit card, but the bank may set your credit limit a little lower than you might expect. However, your credit score reflects how well you manage your credit, not how much money you earn. Solid performance with mortgages, auto loans or other personal lines of credit may qualify you for at least a basic cash back card. As a reminder if the card has a rewards program be sure to review the rewards program information as well as the terms and conditions of the card before you apply for any card.