Top 10 Credit Cards for Cash Back Rewards in 2024
In 2024, cash back rewards continue to be a popular incentive for credit card users. These cards offer a percentage of your spending back as cash, which can be a great way to save money on everyday purchases. Here are the top 10 credit cards for cash back rewards this year, based on their benefits, fees, and overall value.
1. ANZ CashBack Visa
The ANZ CashBack Visa is a straightforward option for those looking to earn cash back on their purchases.
- Cashback Rate: $1 for every $150 spent
- Annual Fee: $40
- Interest Rate: 20.95% p.a.
- Additional Benefits: Automatic credit to your credit card every year
This card is ideal for those who can pay off their balance each month to avoid interest charges and maximise their rewards.
2. ASB Visa Rewards
The ASB Visa Rewards card offers a flexible rewards programme that includes cash back options.
- Cashback Rate: $1 per $150 spent, or 67 cents per $100 spent (redeemable at partner stores)
- Annual Fee: $40
- Interest Rate: 20.95% p.a.
- Additional Benefits: Rewards can be redeemed for merchandise and vouchers at various partner stores
This card is great for those who frequently shop at ASB’s partner stores and want to benefit from their spending.
3. Westpac Airpoints Credit Card
While primarily an Airpoints card, the Westpac Airpoints Credit Card also offers cash back options for those who prefer cash rewards.
- Cashback Rate: Equivalent to 1 Airpoints Dollar per $75 spent
- Annual Fee: $65
- Interest Rate: 20.95% p.a.
- Additional Benefits: Airpoints Dollars can be converted to cash back
This card is suitable for frequent flyers who occasionally want to convert their points to cash.
4. BNZ Advantage Visa Platinum
The BNZ Advantage Visa Platinum offers a high cash back rate along with other premium benefits.
- Cashback Rate: 1% of your annual spend
- Annual Fee: $90
- Interest Rate: 18.95% p.a.
- Additional Benefits: Travel insurance, purchase protection, and extended warranty
This card is best for high spenders who can take advantage of the premium benefits and higher cash back rate.
5. Kiwibank Low Rate Visa
The Kiwibank Low Rate Visa combines a low interest rate with cash back rewards.
- Cashback Rate: $1 for every $150 spent
- Annual Fee: $25
- Interest Rate: 13.90% p.a.
- Additional Benefits: Low interest rate on purchases
This card is ideal for those who occasionally carry a balance but still want to earn rewards.
6. American Express Platinum Edge
The American Express Platinum Edge card offers a generous cash back rate and additional perks.
- Cashback Rate: 2% on supermarket purchases, 1% on fuel, and 0.5% on other purchases
- Annual Fee: $149
- Interest Rate: 20.95% p.a.
- Additional Benefits: Travel insurance, purchase protection, and dining credits
This card is perfect for those who spend a lot on groceries and fuel and want to maximise their cash back rewards.
7. Co-operative Bank Fair Rate Credit Card
The Co-operative Bank Fair Rate Credit Card offers a fair cash back rate with a low annual fee.
- Cashback Rate: $1 for every $100 spent
- Annual Fee: $20
- Interest Rate: 12.95% p.a.
- Additional Benefits: Low interest rate on purchases
This card is great for those looking for a low-cost option with decent cash back rewards.
8. TSB Platinum Visa
The TSB Platinum Visa offers a competitive cash back rate and premium benefits.
- Cashback Rate: 1% of your annual spend
- Annual Fee: $90
- Interest Rate: 20.95% p.a.
- Additional Benefits: Travel insurance and purchase protection
This card is suitable for those who want premium benefits along with their cash back rewards.
9. Warehouse Money Visa Card
The Warehouse Money Visa Card offers cash back rewards with no annual fee.
- Cashback Rate: 1% on Warehouse purchases, 0.5% on other purchases
- Annual Fee: $0
- Interest Rate: 19.95% p.a.
- Additional Benefits: No annual fee
This card is ideal for those who frequently shop at The Warehouse and want to earn cash back without paying an annual fee.
10. Countdown Onecard Visa
The Countdown Onecard Visa offers cash back rewards specifically for Countdown shoppers.
- Cashback Rate: 1% on Countdown purchases, 0.5% on other purchases
- Annual Fee: $40
- Interest Rate: 20.95% p.a.
- Additional Benefits: Additional discounts and offers at Countdown
This card is perfect for regular Countdown shoppers who want to earn cash back on their grocery spending.
Last Thought
Choosing the right cash back credit card depends on your spending habits and financial goals. Whether you prefer a card with no annual fee, low interest rates, or premium benefits, there’s a cash back credit card to suit your needs. By carefully comparing the options and considering your own spending patterns, you can maximise your rewards and make the most of your credit card in 2024.