San Diego, CA (PRWEB) July 03, 2013
A handful of rewards cards kicked off the first day of Q3 by offering up all new bonus cash back categories for cardholders to take advantage of with enrollment. Discover, Citi and Chase each pushed new cash back categories live on July 1st, which are available both to current cardholders that enroll and new members as well, again with enrollment.
Quarter 3 extends through September 30th, which means there's plenty of time for consumers to compare credit card offers and determine which rewards program works best for their budget. That's why Creditnet.com, an online authority on credit card reviews and personal finance, today ranked the 5 best reward card offers of Q3.
Creditnet took into account bonus cash back categories for Q3, as well as long-term factors like fees, ongoing interest rate variables and long-term rewards opportunities when making its list. With that, here are the 5 best rewards cards of Q3, 2013:
1.) Discover it®
Beginning July 1st, this popular cash back card from Discover is offering 5 percent cash back on up to $1,500 in purchases at gas stations from July through September 2013 with free and easy sign-up. With many consumers gearing up for a summer road trip - and with gas prices hovering around $3.50 a gallon on average nationwide - this is an excellent opportunity for members to save some serious gas money this summer.
That said, the Q3 bonus cash isn't the only reason Discover it® tops Creditnet's list. There's also no annual fee to carry this card, the 0 percent intro period is 14 months and applies to both new purchases AND balance transfers, and Discover will waive the first late payment a cardholder makes (it's up to $35 thereafter). Overall, Discover it® is Creditnet's favorite rewards card for Q3.
Another rewards credit card that pushed new bonus cash back categories live on July 1st is this cash back option from Citi®. From 7/1/13 to 9/30/13, cardholders can earn 5 percent cash back on eligible purchases within the Hilton Worldwide(TM) portfolio of brands, car rental agencies, movie theaters and theme parks with enrollment. Be it a sunny summer afternoon or a rainy daytime matinee, this cash back card from Citi has cardholders covered.
Other nice features of this card include no annual fee, a 0 percent intro APR for 12 months applied to purchases and balance transfers, and the chance for for new members to earn $100 cash back after $500 in purchases within the first 3 months of account opening. Cardholders are limited to 300 Dividend Dollars per calendar year, though that's still a significant amount of cash back to earn over the course of 12 months.
Unlike the above cards, this cash rewards card from American Express does not break up bonus cash back categories by quarter. Rather, members can earn 6 percent cash back at US supermarkets up to $6,000 per year in purchases, 3 percent cash back at US gas stations and select department stores, and 1 percent on other purchases (terms and limitations apply).
Also unlike the above cards, there is a $75 annual fee to carry this card. However, given that this is Creditnet's favorite credit card for gas and groceries throughout the year, that might be a worthwhile price to pay for such a lucrative rewards program. There's also a 0 percent intro APR on new purchases for 12 months, making this one of Creditnet's top rewards credit cards for Q3.
4.) Chase Freedom
Like the above Citi card, this cash back rewards card from Chase offers cardholders the opportunity to earn $100 cash back after $500 in purchases within the first 3 months from account opening. However, it's the bonus cash back opportunities for Q3 that put this card on Creditnet's list.
With enrollment, cardholders can earn 5 percent cash back on up to $1,500 spent at gas stations, theme parks and Kohl's from 7/1-9/30/2013. Families packing up the van for one of America's most popular theme parks should take note and save! There's also no annual fee, and the 0 percent intro APR is 15 months and applies to both purchases and balance transfers.
Last but not least is a bonus rewards credit card available to students interested in building credit early. Discover it® for Students is similar to the Discover consumer credit card mentioned above, and includes 5 percent cash back in categories that change throughout the year up to $1,500 in purchases with free and easy sign-up each time.
This card requires no annual fee, Discover will waive the late fee on the first late payment made (after that, it's up to $35), and the 0 percent intro APR period is 6 months from date of account opening and applies to purchases.
Not only is this one of the best rewards cards for Q3, it's also Creditnet's favorite student card of 2013.
For more information on rewards credit cards or other personal finance-related inquiries, contact Creditnet Vice President Jason Bushey on Google+.