adminMoney-back credit cards reward a certain percentage of amounts spent on credible expenses. You’ll best enjoy money-back credit cards when you have no pending subscription charges.
Travel credit cards are ideal for international travel while money-back credit cards service your expenses.
Best Money-back Credit Card For Traveling Abroad With $0 Annual Fee In 2023
If you’re ready to eat your cake and have it back, try these best money-back credit cards for traveling abroad with a $0 annual fee. First off:
Best Money-back Credit Cards Qualities to Look Out For
If you don’t want money-back credit cards that perk liabilities. Look out for these qualities:
- Generous cash-back rewards
- No annual fee or low fees
- Easy redemption
- Additional benefits
- Flexibility
- Introductory bonuses and offers
- Low-interest rates
#1. Generous Cash-back Rewards
A good money-back credit card should offer at least from 1% to 5% or higher on purchases like groceries, gas, or dining out.
#2. No Annual Fee Or Low Fees
The best money-back credit cards often have no annual fee or low fees, so you can maximize your rewards without paying too much in fees.
#3. Easy Redemption
The redemption process should be easy and hassle-free, with various options to redeem rewards such as cash back, statement credits, gift cards, or merchandise.
#4. Additional Benefits
A good money-back credit card should come with additional benefits such as extended warranties, purchase protection, travel insurance, or concierge services.
#5. Flexibility
A good money-back credit card should offer flexibility in terms of where and how you can earn cash-back rewards. Ideally, you should be able to earn rewards on all your purchases, regardless of where you shop or what you buy.
#6. Introductory Bonuses and Offers
You should receive a sign-up bonus or 0% APR for some time.
Some money-back credit cards offer bonus cash back in the first few months of sign-up and spending.
#7. Low-interest Rates
While it’s important to pay off your credit card balance in full each month to avoid interest charges, a good money-back credit card should also offer a low-interest rate for those who need to carry a balance from time to time
Best Money-back Credit Card in 2023
The following are the best money-back credit cards that fit the qualities to look out for above:
- Chase Freedom Flex
- Chase Freedom Unlimited
- Capital one SavorOne Cash reward credit card
- Wells Fargo Active Cash Card
#1. Chase Freedom Flex
Flex with freedom with chase freedom flex money-cash back credit cards. You get a 5X reward rate. Earn 5% cash back for every $1500 you spend. Purchase travels through Chase ultimate Rewards® and gets 5% back. 3% on dining and drugstores and 1% on all other purchases
More Details
- welcome w$200
- Regular APR: 19.24% – 27.99% Variable
- Annual Fee: $0
#2. Chase Freedom Unlimited®
With Chase freedom unlimited money cash back credit cards you earn 5% on travel purchases with Chase Ultimate Reward®. Dine and get reimbursed 3%; purchasing drugs and 1.5% on all other purchases.
More Details
- welcome welcome: $300 cashback terms and conditions applied
- Regular APR: 19.24% – 27.99% Variable
- Annual Fee: $0
#3. Capital One Savorone MMoney-BackCredit Card
SavorOne money-back credit Card makes up for the expenses you invite while traveling abroad. You earn unlimited 3% cash back on dining, entertainment, watching your movies, and glossary stores but Walmart® and Target®.
5% cash back on car rentals, hotels, and other rentals. 8% on all entertainment purchases on Capital One. 1% on other expenses.
More Details
- Welcome bonus: $200 cashback terms and conditions applied
- Regular APR: 19.49%, 24.49%, or 29.49% variable
- Annual Fee: $0
#4. Wells Fargo Active Cash Card
The Fargo Activate Card is a flat 2% money cash-back credit card. For every purchase you make, you get 2% off. Arguably, it’s the best flat-rate cash-back card in the market.
More Details
- Welcome bonus: $200 cashback terms and conditions applied
- Regular APR: 19.49%, 24.49%, or 29.49% variable
- Annual Fee: $0
MMoney-BackCredit Cards Vs Travel Credit Cards: Which is Best?
Money-back credit cards reward money. Travel credit cards reward points. Both have their pros and cons.
However, for traveling purposes, you should opt for travel credit cards. Use money-back credit cards for a spending spree.
Benefits of Money Back Credit Cards:
- Earn cash rewards
- Save money
- No annual fee: Many money-back credit cards do not charge an annual fee.
- Introductory bonuses: Some money-back credit cards offer introductory bonuses.
- Purchase protection: this can help protect your purchases against theft, loss, or damage
- Build credit: long term and responsible use of money-back credit cards can improve your credit score over time.
Benefits of Travel Credit Cards:
- Travel rewards: One of the most obvious benefits of travel credit cards is the rewards they offer.
- Travel insurance: Many travel credit cards offer travel insurance as a benefit.
- Airport lounge access: Some premium travel credit cards offer airport lounge access as a benefit.
- No foreign transaction fees: travel credit cards won’t charge you on foreign transactions if you’re frequent.
FAQS
#1. Which Money-back Credit Card is Best in America?
Some of the most popular money-back credit cards in America include:
- Chase Freedom Unlimited
- Citi Double Cash Card
- Capital One Quicksilver Cash
- Rewards Credit Card
- Discover it Cash Back
- American Express Blue Cash Preferred
#2. Are Money Cash-back Credit Cards Best for Traveling Abroad?
Money-back credit cards weren’t for traveling purposes like International traveling. However, it helps you save money when you travel. Like Traveling to America and purchasing a ride from A to B.
Conclusion
Money-back credit cards are not ideal for traveling. They’re for spending. However, they make good companions when you travel abroad and spend on necessities and wants like food, entertainment, lodges, transportation, and more. Cash-back credit cards work combo with travel credit cards.
Refer to the best money-back Credit card for traveling abroad with a $0 annual fee in 2023 for your next trip.
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