Best cashback cards

Features to consider when choosing cashback cards

To correctly determine which cashback card is the best of 2022, we recommend taking into account several important characteristics that influence the borrower's final choice.

Accrual categories cashback

The more categories available for a cashback card, the more attractive the banking product will be. Categories are most often considered to be those store items necessary for a person's daily use. Depending on the issuing bank you choose for your cashback card, the main and popular categories are recognized as:

• Gas stations – Filling stations.
• Supermarket and hypermarket retail chains.
• Public catering networks – cafes, restaurants, fast food.
• Entertainment industry.
• All remaining purchases.

The last category includes men's and women's clothing stores, pharmacies, etc. The full list of categories is always available on the website of the bank that issues credit cards, debit cards, or special installment cards.

Cashback percentage

This is an important element of attractiveness for every banking product. Interest rates can be conditionally divided into three categories.

• Standard. Cashback has an interest rate from 0.5% to 2%. Most often, in 95% of cases, banks set a flat rate of 1% intended for all purchases.
• Increased. The rate starts from 2% and goes up to 5%. This interest rate is most frequently used for specific purchase categories, such as gas stations, the entertainment industry, etc.
• Special. The range of this rate starts from 5% and ends at 40%. Such a cashback level is available in most cases only if the issuing bank has concluded a special agreement with a partner store. The rate is valid only in certain stores, only for a special group of goods, and only during specific validity periods.

Even within the same bank and regarding the same payment instrument, an individual card crediting system may apply.

Types of cashback

All the best cashback cards have one or more available types. As a rule, all points are converted into a monetary equivalent, but the order of application varies across cards.

• Main types of cashback cards:
• Bonus points.
• Bonuses in the form of miles.
• Certificates in virtual and physical formats.
• Discounts available on special services.
• Monetary equivalent.

Every credit institution has the right to independently determine the types of cashback, but at the same time, the cardholder must understand from the user agreement how bonuses and prizes are properly accrued and converted.

Important point! All credit institutions set an expiration date for bonus points, including when they are converted into their ruble equivalent. If you fail to use your points by the specified date, they expire automatically.

Cost of plastic card maintenance

One bank may set the annual maintenance fee for the best cashback card at 0 RUB, while another may set it at 10,000 RUB. The cost depends on many factors; for instance, if a credit or debit card provides a large number of cashback categories, the annual maintenance fee can amount to several thousand RUB. The money spent on annual maintenance is recouped through accumulated cashback points on the card.

• Card with full annual maintenance (mandatory fee).
• Card with free maintenance, subject to certain conditions for using the banking product.
• Completely free maintenance, without any conditions.
• Partial payment, or partial free usage (by month).

Some banking products provide free maintenance for the first months of use or the first year of maintenance. This factor must also be considered if you are going to apply for the best cashback card of 2022.

What are the best cashback cards of 2024

Currently, the market of banking products for cashback cards is represented by interesting and attractive options. To choose your best cashback card of 2024, we recommend studying the bank's offer in detail, after which you should follow the link to the official page of the credit institution and submit an application.

We have listed only some of the best cashback cards of 2024 where you are guaranteed to receive bonuses, points, and other loyalty program benefits.

Additional conditions for choosing the best cashback cards

Experts from the loan and card matching service also recommend paying attention to additional features of using the chosen banking product:

• Service regions. Not every bank is ready to issue a card in the region where you live. Please check the availability of the banking product in your region of residence.
• Total number of partner stores. If the issuing bank has agreements with partner stores, it can offer increased cashback. As a rule, the total number of partner stores participating in the promo ranges from 10,000 to several hundred thousand.

Want to always stay ahead when making purchases in any stores? Then we invite you to check out our extensive lineup of banking products, where you can earn cashback by making transactions at partner stores that have agreements with the issuing bank. Check out the offer, follow the link to the bank's website, submit an application, and wait for approval.