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You can calculate how much you will earn by looking at what the average American spends on gas, food, and clothing. ... Your cash-back rewards would earn you $51.03 annually or $4.25 monthly.
Cash back credit cards are more straightforward, making it easier to calculate how each purchase will impact your budget and cash back rewards. You Aren't Incentivized to Make Unnecessary Purchases
In other words, spending $500 at Walmart will earn 1.5% back on the most common cash-back cards, equivalent to $7.50 as a cash reward. The Appeal Of Cash Back Cards
For example, if you make a $100 purchase with a Chase Freedom Unlimited card that earns 1.5% cash back, every $100 spent earns you $1.50 in cashback rewards. Rotating Categories
You can also earn a 6% cash-back reward on any streaming subscription and 3% at gas stations. Multiple credit cards offer these types of one-off categories where you can receive an additional ...
While the cash-back rewards are limited to $6,000 per year in purchases, there is still plenty of opportunity to earn as much as $360 in cash-back rewards on groceries alone every year.
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