A credit card is a big fortune. Here is the big reason why credit cards are a big fortune.
According to a 2025 survey, 29% of Americans use credit cards to maintain the average living standard in the United States. It takes $2,000 to maintain the average living standard in America, which many are unable to maintain.7 out of 10 people have 3 or 4 lines of credit but are unable to pay their credit card bills, averaging $7,700 per month.
What is a Credit Card & How to Use a Credit Card?
There are some differences between credit and debit, such as the fact that money on a credit card means it is the bank’s money, while money on a debit card means it is the cardholder’s money.
The real secret of credit cards is that if your credit card limit is $3000, but you spend $2000 on an iPhone 17 Pro Max by the 5th of the month, then what is the catch? If you subtract $2000 from $3000, you will have $1000.
You will have to repay that $2000 to the bank before the 30th of the month; otherwise, the bank will charge you heavy interest, which will be 23.79% average interest, which will be added to the amount spent, which means $2000 plus 23.79% interest. 2,000+475.8=2,475.8 amount of money.
If you want to use credit cards successfully, I would say that it is very important to control your spending, which will save you from extra bills every month. For that, you will need some banks that will give you heavy cashback.
Best Credit Card Uses with Bank Details :
There are a few banks that have credit cards that offer good cashback rates for 2026, Blue Cash Preferred® (Amex), which I personally recommend, which gives cashback of 6% on groceries and 6% on streaming, 3% on transit/gas. It charges $0 the first year, but $95 the next year, and it is completely safe.
The next card that my family uses is the Bank of America® Customized Cash Rewards, which is really amazing, as it usually gives 6% in your top choice category (gas, online, dining, travel, etc., up to $2.5K/quarter), which has an annual fee and 6.25% rewards.
Citi Custom Cash®, which gives people 5% rewards on their spending, can give them $500 rewards every month.
Best Banks With benefits :
| Bank | Card | Heavy Cashback Rates | Key Benefits | Annual Fee |
|---|---|---|---|---|
| Wells Fargo | Active Cash® | 2% unlimited on all purchases | $200 bonus after $500 spend; 0% intro APR 15 months | $0 |
| Capital One | SavorOne Cash Rewards | 8% travel via portal, 3–5% dining/groceries/entertainment/streaming/gas | $200 bonus; no foreign fees | $0 |
| Capital One | Quicksilver Cash Rewards | 5% hotels/cars via portal, 1.5% everything else | $200 bonus; extended warranty | $0 |
| American Express | Blue Cash Preferred® | 6% U.S. supermarkets ($6K/year), 6% streaming, 3% transit/gas | $250 bonus; Disney Bundle credit | $0 intro, then $95 |
| Bank of America | Customized Cash Rewards | 6% top category ($2.5K/quarter: gas/online/dining/travel), 3% wholesale clubs | 75% more rewards with Preferred status; 3% drugstores | $0 |
| Citi | Custom Cash® | 5% highest category each month ($500/month: dining/gas/groceries/etc.) | $200 bonus; doubles first 12 months rewards | $0 |
| Chase | Freedom Flex® | 5% rotating (Q1: grocery/wholesale), 5% Chase Travel, 3% dining/drugstores | $200 bonus; cell phone protection | $0 |
Eligibility requirements for Bank of America Preferred Rewards cash back :
| Tier | Minimum Balance | Cashback Boost |
|---|---|---|
| Gold | $20,000 | +25% |
| Platinum | $50,000 | +50% |
| Platinum Honors | $100,000 | +75% |
American Express does not pay any extra rewards but Amex has a Blue Cash card which allows you to earn cashback.
But Bank of America is the most popular in America, it has some criteria like BOA offers three types of cards, including Gold, Platinum and Platinum Honors, some of which require you to maintain a minimum balance
Bank of America Pratik checks one and a half bank accounts of users every three months to make sure they are performing properly.
To know more, please contact your nearest bank.