Are you tired of manually paying your bills every month and wondering if there's a more efficient way? Well, the good news is that using a credit card to pay your bills can not only save you time, but also help you earn rewards and build your credit score. In this comprehensive guide, we will explore the best credit cards for paying bills and making your financial life a whole lot easier. So, let's dive in and find the perfect card that fits your lifestyle needs!
Best Credit Cards For Paying Bills Table of Contents
Why Use a Credit Card to Pay Bills?
What to Consider When Choosing a Credit Card for Bill Payments
Why Use a Credit Card to Pay Bills?
Using a credit card to pay bills comes with several benefits:
- Streamline payments: With a single credit card, you can consolidate your expenses and avoid the hassle of paying different bills manually.
- Earn rewards: Many credit cards offer cashback, points, or miles, allowing you to save money while paying your bills.
- Build your credit score: Regularly paying off your credit card balance in full can help improve your credit score over time.
What to Consider When Choosing a Credit Card for Bill Payments
Before deciding on the best credit card for paying bills, consider the following factors:
- Interest rates: Make sure to choose a card with a low-interest rate, especially if you plan on carrying a balance occasionally.
- Rewards programs: Look for cards with rewards programs that align with your spending habits and preferences.
- Fees: Some cards may charge annual fees, foreign transaction fees, or other fees. Make sure to evaluate the cost of these fees compared to the benefits.
Best Credit Cards for Paying Bills
Now let's take a look at some of the best credit cards for paying bills, based on rewards, low-interest rates, and fees.
1. Citi Double Cash Card
- Rewards: Earn 1% cashback on every purchase, and an additional 1% when you pay your credit card bill, for a total of 2% cashback.
- Annual Fee: $0
- Benefits: No limit on cashback earned, no rotating categories, and 0% introductory APR on balance transfers for 18 months.
2. Blue Cash Preferred Card from American Express
- Rewards: Earn 6% cashback on streaming subscriptions and at U.S. supermarkets (on up to $6,000 per year), 3% cashback on transit and U.S. gas stations, and 1% cashback on all other purchases.
- Annual Fee: $95
- Benefits: Specially designed for entertainment and everyday spending, the Blue Cash Preferred Card also offers a generous welcome bonus.
3. Discover it Cash Back
- Rewards: Earn 5% cashback in rotating categories (up to $1,500 per quarter) and 1% cashback on all other purchases.
- Annual Fee: $0
- Benefits: Discover will match all cashback earned by new cardmembers at the end of their first year.
Best Credit Cards For Paying Bills Example:
Suppose you decide to choose the Citi Double Cash Card for paying your bills. You have a total monthly expense of $2,000, which includes your mobile phone, internet, utilities, and streaming subscriptions. By paying your bills using this card, you would earn a total of 2% cashback, which is $40 every month. Over the course of a year, you would save $480, plus the added benefit of streamlining your bill payments and potentially improving your credit score.
And there you have it, folks! By choosing the right credit card, you can transform the mundane task of bill payments into a rewarding experience. We hope this guide has provided valuable insights into the best credit cards for paying bills, enabling you to take control of your financial life. Don't forget, if you found this guide helpful, please share it with your friends and family, and remember to explore other guides on Flik Eco to stay informed and financially savvy!
