Our opinions are our own. A low interest credit card saves you money by reducing the cost of debt: When you're paying less in interest, you can pay back what you've borrowed more quickly.

Other cards to consider: Cardholders who don’t want to wait to pay off their purchases to earn their full cash back amount should opt for a more straightforward flat-rate cash back credit card ...

Visit americanexpress.com to learn more. Cash-back credit cards can be a great way to make money off your normal spending, but if you don't want to pay an annual fee to reap rewards, there are ...

Like cash-back credit cards, you can earn extra money off of your everyday purchases with the best cash-back debit cards. If you can't or don't want to open a cash-back credit card, a debit card ...

With more than 50 million redeemed miles under her belt, Becky Pokora is a rewards travel expert. She's been writing about credit cards and reward travel since 2011 with articles on Forbes Advisor ...

Citi is an advertising partner. Select may receive an affiliate commission when you click on the links for products from our partners. This commission does not influence the opinions ...

By simply getting cash directly paid back to you, you avoid these outcomes, and using your card for your everyday purchases directly improves your finances. You can build credit: If you pay off ...

You should pay off your card in full when the payment is due or within the grace period, so you can earn cash back to make your purchases cheaper without incurring high financing costs.

This means accumulating interest that negates any cash-back rewards you might be earning. Ultimately, the best scenario for most people is to be able to pay off their credit card balance every month.