Comparison: sales-dependent credit cards with cashback
Especially now in times of a low interest rate phase, the costs and annual fees of the respective credit card models are increasing again, sometimes enormously. Experience shows that so-called cashback credit cards can be worthwhile again, provided you have a certain annual minimum turnover with your card. If you can estimate your own spending behavior well, you usually save the full annual fee and still have access to cards with good additional benefits and insurance.
Today we compare some providers with cashback credit cards and their additional services and ask ourselves how much annual turnover one has to make in order to save the annual credit card fee.
If you take a look at the credit card portfolio from Agree direct, you will notice that many cards are equipped with a cashback function. The Visa Premium Card is absolutely free of charge even in the first year. In the second year, however, an annual fee of 79 USD is already charged and, as already mentioned, it depends on the annual turnover that you make with the credit card. If you achieve a turnover of 8,000 USD in the year, the fee is completely waived, for a turnover of 4,000 USD you will be reimbursed 39 USD and for 2000 USD you will still be reimbursed .
So if you are aware of your spending behavior and you reach, for example, the 8,000 USD each year, the Agree Visa Premium Card beckons a credit card with many additional services without having to pay an annual fee. The package includes, for example, international health insurance, travel cancellation insurance and luggage insurance. The card is also worthwhile for online shoppers, since the user benefits from additional internet legal protection insurance.
Visa Card: 1% reimbursement on all shopping transactions
Effectively, you can save even more with the Cream Bank Gold card, provided you are also a frequent shopper and accordingly use your credit card more often. Since the Cream Bank for the gold credit card gives you 1% monthly credit for all shopping sales to the card account, the annual price of currently 59 USD is fully covered if you pay 5900 annually. – USD sales with the card. In addition, you can save even more, which, depending on sales, “only” covers the annual costs.
This credit card is also impressive in terms of its services, but does not offer quite as many insurance options for travelers as with the Agree Visa Premium Card. However, there is a purchase protection insurance and an optional credit life insurance. The partner Urlaubsplus can be used for travel, here you can also save 5% when traveling, provided you book with the above portal.
Mastercard Platinum credit card: Expensive, but with many benefits
Those who prefer a MasterCard credit card with cashback are well served with the Litebank Platinum credit card. Although this card is rather expensive by comparison with the current annual costs of USD 100, it offers a comprehensive service package with many insurances. The annual fee is only capped at a turnover of a proud 10,000 USD per year. With 2000.- USD you save for example 15.- USD on the annual price of the card.
Also on board are a travel cancellation insurance, travel health insurance, additional insurance for rental cars, a goods purchase insurance and even a concierge program, which can take on many tasks for you if the time is tight should.
Final conclusion on sales-dependent credit cards with cashback
It is the same with sales-dependent credit cards with a cashback option as with a smartphone contract. You have to be clear about your spending behavior and how often you want to use your credit card. If you are a frequent user and / or a passionate online shopper, one of the credit cards mentioned is worthwhile in comparison in any case, since the respective models contain many service packages from which you can also benefit.
For people who only rarely use a credit card, sales-dependent cashback credit cards are not suitable because a comparatively high annual fee is payable.