So if you plan on holding either one of these cards long term, be sure to weigh which one will earn you more cash back based on your spending habits. However, after the first year, depending on your spending and preferences, the two cards' rewards may be closer. The $250 welcome bonus and the higher cash-back categories will likely make the Blue Cash Preferred the better card in year one. So if you're deciding between the two cards, it comes down to a simple math equation and your own preference. PayPal offers two co-branded credit cards: the PayPal Cashback Mastercard and the PayPal Extras Mastercard. Lastly, the card has a $0 intro annual fee for the first year, then $95. Please visit /benefitsguide for more details. Eligibility and Benefit level varies by Card. The card comes with perks too like an up to $120 Equinox credit, *rental car insurance and return protection. gas stations, 3% cash back on transit including taxis/rideshare, parking, tolls, trains, buses and moreĪnd the card comes with a valuable welcome offer where you can earn a $250 statement credit after you spend $3,000 in purchases on your new card within the first six months. supermarkets on up to $6,000 per year in purchases (then 1%) When you spend on the card, you will earn: The Blue Cash Preferred® Card from American Express is a solid pick for a cash back card for your wallet. Blue Cash Preferred® Card from American Express If you need to consolidate existing credit card debt, the Citi Double Cash card is also a better choice. These points can then be transferred to airline partners, where you'll often get much more value from your points when redeeming this way. However, if you also have a Citi card that also earns transferrable ThankYou points, like The Citi Premier® Card, you can transfer your cash back from your Citi® Double Cash Card into ThankYou points. So if you're debating between the two cards, the cash-back potential is identical. However, to redeem the cash back you've earned for either a statement credit, cash into your bank account or check in the mail you must have accrued at least $25 in total cash back. After that, your fee will be 5% of each transfer (minimum $5), which is a great way to save on interest charges on revolving credit card debt. The card also offer a valuable intro 0% APR for the first 18 months on balance transfers (16.99% - 26.99% variable thereafter balance transfers must be completed within 4 months of account opening and there's an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. The Citi® Double Cash Card is another great cash-back credit card as it offers an identical 2% cash back on all purchases: 1% on all eligible purchases and an additional 1% after you pay your credit card bill. While the PayPal Cashback Mastercard is a solid pick as a cash back credit card, there are other cards that are potentially more lucrative to consider to help you save on your purchases.
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