What is the highest level of Mastercard?

Citi Double Cash is the best cash back Mastercard because it offers unlimited 2% Cash Back on all purchases. That’s 1% for each purchase and an additional 1% after paying them off. Double Cash also has a $0 annual fee. The only drawbacks are that cash back expires if there’s no activity on the card for a year, and the card requires excellent credit to get.… read full answer

But cash back Mastercards are not one-size-fits-all. The best option for you personally depends on what kind of credit you have, what you spend your money on and how much you spend. Fortunately, Mastercard has some pretty great cash back options for every credit level. For example, Capital One QuicksilverOne Cash Rewards offers unlimited 1.5% Cash Back on all purchases and is designed for people with limited or fair credit. The annual fee is $39.

If you have bad credit, you can get approved for the SunTrust Secured Credit Card. It gives a pretty solid cash back deal: 2% cash back on your first $6,000 spent annually on gas and groceries, and 1 - 2% Cash Back on everything else. You will have to pay a $32 annual fee, though.

If you want a good initial bonus, consider the Bank of America Cash Rewards card. It gives $200 for spending $1,000 within the first 90 days your account is open.

Finally, it’s worth noting that when you get a cash back Mastercard, you get all the benefits provided by the network. That includes global acceptance and other perks like rental car insurance.

There are some differences between Mastercard and Visa. But these two major card networks are pretty equal in the categories that matter most to consumers: acceptance and secondary benefits.

Both Visa and Mastercard are accepted in more than two hundred countries. And it is very rare to find a location that will accept one but not the other. Furthermore, both Visa and Mastercard administer certain benefits programs, including … read full answerrental car insurance and extended warranties. But individual card issuers decide what coverage cardholders receive.

So it doesn’t really matter whether you have a Visa or Mastercard in your wallet. As long as you have at least one of them and your card offers competitive terms, you’ll be in good shape. If you’d like to learn more about the similarities and differences between Visa and Mastercard, including how the best credit cards on each network compare, check out WalletHub’s complete Visa vs. Mastercard review.