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Community Advocacy Organization

Which Cash Back Credit Card Is Right for You?

Updated: Nov 19, 2022

There are many kinds of credit card rewards programs, and understanding how each rewards program works can help you make the most of the benefits offered.

Cash back credit cards are one of the most convenient and flexible rewards cards issuers offer, giving you cash back based on the amount you spend. For example, some cards feature a set percentage of cash back for all purchases while others have different percentages based on the type of purchase such as travel, grocery, or retail spending.

When choosing your credit card, make sure it offers rewards that match your spending habits. If you spend the most on groceries and gas, a card with a high cash back percentage in those categories might be the best fit for you. However, it is also helpful to look for cards that offer a set amount of cash back on all purchases that are not defined by a specific category. Even if the percentage of cash back is lower than a category-specific cash back benefit, a card that offers this general spending cash back option will ensure you will receive some cash reward no matter what you’re buying.

Do your research before you open a new card to identify which rewards will benefit you most. Then, consider the creative ways you can use these extra cash back funds — to build an emergency fund, pay off other debts and expenses, save for a future vacation, or for something else.

MSUFCU has great cash back credit card options including our Visa Signature® Credit Card that offers unlimited cash back on every purchase: 3% on groceries; 2% on gas, travel, and universities; and 1% on all other purchases. To learn more about our cash back credit card options and all card benefits, visit

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