Looking for the best credit card to pair with your utility bills? Well, you’re in the right place! In today's fast-paced world, it's essential to make smart financial choices and maximize your earnings. That's why we've put together this comprehensive guide on the best credit cards for utilities. Keep reading to discover how you can save money and earn valuable rewards when paying for everyday expenses like electricity, gas, and water in your household.
Best Credit Cards For Utilities Table of Contents
1. Chase Ink Business Cash Credit Card
If you own a small business, the Chase Ink Business Cash Credit Card can be the perfect choice for you. With this card, you can earn a whopping 5% cash back on the first $25,000 spent on combined purchases on utilities and other specified categories every year.
Pros:
- 0% introductory APR for the first 12 months on purchases
- No annual fee
- 5% cash back on utilities, office supply stores, and internet, cable and phone services
- 2% cash back on the first $25,000 spent at gas stations and restaurants every year
Cons:
- Cash back redemption is limited to $25,000 per year
- Limited mainly to business owners
2. Discover It Cash Back Card
The Discover It Cash Back Card offers quarterly rotating categories that give you 5% cash back on various purchases, including utilities. To enjoy the benefits, you need to activate the offer each quarter manually.
Pros:
- No annual fee
- 5% cash back on rotating categories, including utilities
- Unlimited 1% cash back on all other purchases
- Cashback Match feature, which matches your cash back for the first year
Cons:
- Requires quarterly activation for the bonus categories
- Utility payments may not always be eligible every quarter
3. Blue Cash Preferred Card from American Express
Offering a generous 6% cash back on streaming services and 3% cash back on eligible transit purchases, the Blue Cash Preferred Card from Amex is a great choice for public transit and entertainment junkies. Cardholders also receive 3% cash back on U.S. gas stations and 1% cash back on all other purchases.
Pros
- 6% cash back on select streaming services
- 3% cash back on public transit and gas station purchases
- 1% cash back on all other purchases
- Welcome offer: $300 statement credit after $3,000 in purchases within the first 6 months
Cons
- $95 annual fee
- Amex may not be accepted by all utility providers
Best Credit Cards For Utilities Example:
Jane is a small business owner and wants to maximize her cashback earnings to offset her monthly utility bills. She signs up for the Chase Ink Business Cash Credit Card and spends $18,000 on utilities, office supplies, and internet services within the first year. That gives her $900 in cashback rewards (5% of $18,000), which covers a significant portion of her utility bills. Jane is thrilled with the savings and appreciates the valuable rewards that come with the card.
With the help of this guide, we hope you've been able to identify the best credit card for utilities that cater to your specific needs. Remember to make your payments on time and in full to avoid interest charges and maintain a healthy credit score. Go ahead, start earning rewards and saving money on your utility bills!
If you found this article helpful, we'd love for you to share it with your friends and family or explore other guides on Flik Eco. Keep learning and stay financially savvy!
