Improvement In Cash-Back Rewards Over The Last Year

Thursday, February 16th, 2012
Updated: February 16th, 2012
The content is accurate at the time of publication and is subject to change.

There has been improvement in the cash-back credit card rewards since the last year, as per the latest survey. According to the report, 48% of cash-back cards that were surveyed were paying up 1% cash back from the first dollar that is spent. This is up from 44% the previous year. Around 14% paid over 1% as cash back. Approximately 82% of these cards did not charge any annual fees and around 67% of rewards did not have any expiration dates (which is up from just 50% last year).

Greg McBride, CFA and senior financial analyst stated that unlike the debit card rewards that saw a sharp decline the previous year, credit card rewards were still alive and kicking. Credit cards were not only exempt from the ‘debit swipe fee reform,’ but a candidate who is a frequent user of the card and pays up the balances in full by the end of the month is also the ‘ideal rewards card candidate.’ This candidate is a high-volume customer who carries virtually no risk when it comes to defaulting payments. Hence, card issuers find these candidates attractive and they offer cash-back rewards as well as introductory bonuses in order to induce them to swipe their cards.

Some of the additional findings of the survey include – 48% of these cash-back cards that were evaluated by the website offered higher payouts on some of the spending categories. Just 12% of these cards had tiered payouts that were based on spending, but the majority started way below the baseline (1% payout and max out 1%).

So, the big spenders may have to consider cards that offer 2% rewards on purchases or cards, which offer annual bonus rewards apart from the rewards that are accumulated all through the year(which is based on annual spending). Around 33% of these cash-back credit cards had expiration dates on rewards, where the expiration dates were typically after about 3 to 5 years.

Introductory bonuses were offered by around 44% of these cash-back credit cards according to the survey and these could be earned after reaching a particular spending threshold within the stipulated time period or it may earned as ‘category bonus payout.’

There are no clear trends with regard to bonuses and some bonuses are bigger than the ones offered last year, but require huge spending in order to be able to qualify. The survey was carried out earlier this year.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

Latest Credit Card Rewards News

Wednesday, May 15th, 2019

If you are lucky to own one of the Discover cashback bonus credit cards i.e. the Discover it® Cash Back, the Discover it® Balance Transfer, the Discover it® Student Cash Back or the NHL® Discover it® credit card, you most probably know that May brings the beginning of activating the 3rd quarter 5% cashback bonus category. But are you hip to the latest news about the categories update?

Thursday, April 25th, 2019

On April 22 the Canadian direct bank Tangerine Bank introduced an improved sign-up bonus offer for their no-annual fee cash back credit card – the Tangerine Money-Back Credit Card. Founded by ING Group in 1997, Tangerine Bank was acquired by Scotiabank in 2012 and now besides the Mastercard cash back card offers savings and chequing accounts, mutual funds and mortgages.

Tuesday, February 19th, 2019

Capital One cardholders have a great opportunity to get cash for miles earned with the Venture Rewards or the VentureOne Rewards cards. The advertising says: “Just pick up and go.” And in fact, Venture travel rewards cards make it easy to earn unlimited miles and redeem for any recent travel purchase.

Tuesday, September 25th, 2018

The inaugural J.D. Power Credit Card Satisfaction Study found that when it comes to choosing a credit card, it’s all about rewards. But just offering rewards isn’t enough: cardholders have to understand how to redeem them, as well.

Thursday, August 16th, 2018

Travelers will be able to collect more points and take advantage of more special features with the new and improved Southwest Rapid Rewards Priority card, which is offering a limited-time introductory bonus of up to 65,000 reward points. This is more than half the points needed to get a companion pass, once they’ve spent the required amount on the card.

Best Credit Offer
Capital One® Savor® Cash Rewards Credit Card
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 5 / 5
Horizon Card Services Horizon Gold Credit Card
Copyright © 2001-2019 All Rights Reserved.

*See the credit card's terms and conditions on the online application page. Note that this website may be compensated by credit card issuers when the visitor applies for a card through the links on this website. We do our best to maintain all information accurate and up to date. However, we do not warrant the credit card information won't change. Click the "Apply Online" button and review the current info on the secure credit card terms page.

Information in these articles is brought to you by Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.

The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions. makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that may be compensated by the credit card issuers when the readers apply for a credit card through this site. is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. does not review or list all available financial or credit offers.

Disclosure: Not an access card.

You've successfully subscribed!

Please specify the following:All these fields are optional

Thank you for providing this information! We will make sure our letters are useful for You.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.