The best credit card for low spenders is the Citi Double Cash Card because it gives 2% cash back on everything, which is double what most card offer. It also has no annual fee, so there’s no need to worry about keeping up with cost. The Blue Cash Everyday Card from American Express is another good option. It gives 3% back on groceries up to $6,000 spent per year and 2% back on gas. Since food, at least, is a necessity for everyone, even low spenders figure to benefit from those bonus rewards.
The best credit card for low spenders who like to travel is the Capital One VentureOne Rewards Card. It doesn’t charge an annual fee, unlike the standard Venture Card, and you only need to spend $500 in the first 3 months to get its initial bonus. Finally, the best credit card for low spenders with bad credit is the Discover it Secured Card. It offers 2% back on up to $1,000 spent on gas and at restaurants each quarter. Discover will also double the rewards you’ve earned after the first year.
Here are the best credit cards for low spenders:
- Citi Double Cash Card
- Blue Cash Everyday Card from American Express
- Capital One VentureOne Rewards Credit Card
- Discover it Cash Back
- Discover it Secured
If you don’t spend a whole lot, the most important thing to look for in a credit card is no annual fee, since your spending may not earn you enough rewards to cover that kind of yearly cost. And none of these picks for best credit card for low spenders charges one. But they all offer plenty of perks.
Here are details on the best credit cards for low spenders:
Best for Travel: VentureOne from Capital One– VentureOne is a great travel card for people who don’t spend enough for its sibling, the Venture card, to make sense. VentureOne has no annual fee, unlike the Venture card, which charges $95 annual fee. And you only have to spend $500 in the first 3 months to earn 20,000 bonus miles from VentureOne, while the Venture card requires $3,000 for 60,000 miles in the same timeframe. VentureOne purchases earn 2 miles per $1 spent. Miles can be redeemed as statement credits to cover purchases from airlines, hotels, car rentals, bus lines and more. Good credit or better is needed for approval.
Best for Simple Cash Back: Citi Double Cash Card– With no limits and no category restrictions, you can easily earn 2% cash back on every purchase, even if you don’t make many. You get 1% back when you make a purchase, then you earn another 1% just by paying your bill. That’s a great way to earn rewards with low spending. Cash back can be redeemed as statement credits and excellent credit is required.
Best for Everyday Purchases: Blue Cash Everyday Card from American Express– There’s no reason to miss out on rewards from those routine, everyday purchases. You get 3% cash back at U.S. supermarkets up to $6,000 in purchases per year. You also earn 2% cash back at U.S. gas stations and select department stores, including Sears, J.C. Penney, and Kohl’s. All other purchases earn 1% back. So whether it’s groceries, gas, or back-to-school clothes, you know you’re making the most of every penny you part with. Plus, you can earn 20% back on purchases at Amazon.com in the first 6 months, up to $200 back. Good credit is required for approval.
Best for Bonus Categories: Discover it Cash Back– Each quarter features purchase categories that give 5% cash back up to a quarterly maximum. Categories change every quarter, but low spenders can score when relevant categories come up, such as gas, groceries, or a particular store you use often, like Target. Plus, Discover will match 100% of the cash back you earn your first year. Those with good credit have better chance at approval.
Best for Bad Credit:Discover it Secured– A security deposit of $200 is needed, but you’ll receive at least a $200 limit. Purchases at gas stations and restaurants will earn 2% cash back up to $1,000 each quarter. If you are buying the gas anyway, then you might as well earn rewards! All other purchases earn 1% cash back. Discover matches 100% of your cash back earned at the end of your first year.
Low spenders can totally maximize the purchases they do make with rewards card. Cash back is the best reward type for thrifty people because it can be redeemed as statement credits, which covers any purchase you make on the card. Whatever your necessary expenses are, be it groceries, bus passes, or gas, you can feel good about earning rewards on any purchase.