Are you a low spender looking for the perfect credit card to match your spending habits? Look no further! In today's post, we'll uncover the best credit cards for low spenders, help you understand their features, and guide you through making the right choice. So, buckle up, and let's dive straight into finding the ideal credit card for you.
Best Credit Cards For Low Spenders Table of Contents
Why Low Spenders need a Credit Card
While it may seem counter-intuitive, having a credit card is beneficial even for people with low spending habits. This is because owning the right type of card can help you:
- Build your credit history
- Access low or even 0% interest rates
- Receive rewards like cashback or points
- Take advantage of added benefits like travel insurance or purchase protections
Top 3 Credit Cards for Low Spenders
Now that you know why having a credit card is advantageous even for low spenders, let's explore the top 3 credit cards available in the market.
1. Citi Double Cash Card
The Citi Double Cash Card is an excellent choice for low spenders as it offers a 2% cashback rate on every purchase you make. This cashback is split into two parts: 1% when you buy and 1% when you pay off your bill. With no annual fee and a simple cashback structure, this card is ideal for individuals looking for a low-maintenance option.
2. Discover it Cash Back
Low spenders might also find the Discover it Cash Back card appealing as it offers 5% cashback on rotating quarterly categories (up to the quarterly maximum) and 1% cashback on all other purchases. While this card requires more effort in activating the bonus categories every quarter, it does come with no annual fee and a cashback match for the first year, making it an attractive option.
3. Chase Freedom Flex
Another great pick for low spenders is the Chase Freedom Flex card. This card also offers a 5% cashback on rotating quarterly categories (up to $1,500 in combined purchases) and 1% cashback on all other purchases. Additionally, it provides 5% cashback on travel purchases through the Chase Ultimate Rewards portal, 3% cashback on dining and drugstore purchases, and a $200 sign-up bonus after spending $500 in the first 3 months. With no annual fee, this card packs in a lot of value.
Best Credit Cards For Low Spenders Example:
Meet Jane, a low spender who wants a simple credit card to help her build her credit history and earn rewards on her day-to-day expenses. After reading our guide, Jane is eager to apply for the Citi Double Cash Card. She loves the simplicity of getting 2% cashback on every purchase without worrying about activating bonus categories or keeping track of varying rewards rates.
Once she gets her card, Jane starts using it for her regular expenses like groceries, gas, and online shopping. Being a low spender, her monthly spending amounts to around $500. Thanks to the Citi Double Cash Card, Jane ends up earning $10 (2% of $500) in cashback every month. This translates to $120 annually without having to pay any annual card fees or worrying about interest rates. Jane is thrilled with her new credit card and the rewards it brings her.
And there you have it – the best credit cards for low spenders! By choosing the right card, low spenders can still benefit from rewards, build a healthy credit score, and enjoy added perks like purchase protections and travel insurance. So, which card do you think is the best fit for your needs? We hope this guide has helped you in your decision-making process.
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