Best Credit Card for High Spenders: Is There a New Card That Pays You More?

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Understanding cashback credit cards

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Definition and mechanism

Cashback credit cards allow cardholders to earn a percentage of their spending back in the form of rewards. These rewards are typically based on specific spending categories like groceries, travel, or everyday shopping. Once earned, cashback can typically be redeemed as cash, applied as a statement credit, or exchanged for other perks.

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How cashback is calculated

There are two main types of cashback credit cards. Fixed-rate cashback cards offer a consistent reward, typically around 1% to 2%, on all purchases, regardless of spending category, making them a straightforward option for earning rewards. 

On the other hand, category-based cashback cards provide higher rates—often up to 5%—in specific categories such as groceries, dining, or travel. However, these higher rewards are usually subject to monthly or quarterly caps, after which a lower rate applies. These cards are ideal for cardholders looking to maximize rewards on targeted spending.

Future's system offers a different approach to cashback. Rather than receiving direct cashback at the time of purchase, cardholders earn points that can later be redeemed for rewards, including cashback. Unlike traditional programs, Future imposes no earning limits.

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Who benefits most from high cashback rates?

Three types of people benefit the most from high cashback rates. The first ones are the cardholders who regularly spend on high-rate categories (as defined by the card's terms), as they can maximize their rewards almost daily. Next, even though not all category-specific brands have rotating categories, some offer cashback on rotating categories for those willing to track them each month to organize their purchases and get the most out of this benefit. Still, it’s important to consider that not all category-specific brands have rotating categories.

Lastly, high-spending households, typically large families, would benefit greatly from these practices since they can regularly make big purchases from eligible categories with high cashback rates.

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Types of cashback cards for high spenders

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Category-specific cards

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Cards with cashback for high spenders are perfect for those focusing on specific categories, such as groceries, transportation, and clothing, without time constraints.

For instance, Future offers one of the highest cashback rewards on electric vehicle charging, as users can earn  5% cashback. But that’s not the only one; cardholders can save up to 6% cashback when buying from select FuturePartners, such as plant-based food or second-hand clothing.

However, some other credit cards feature rotating category cashback that changes periodically, typically each quarter, and users must manually activate each quarter’s categories. For instance, during Q1, the main category could be groceries; in Q2, clothing; in Q3, gas and services; and in Q4, travel and accommodations. Although it requires some planning and management skills, this approach works well for those who seek high cashback rates without annual fees.

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General cashback cards

Next, general cashback cards are great for high-spenders who seek rewards on all purchases without the need to track specific categories. However, unlike category-specific brands, these cards offer a flat cashback rate of around 1% to 2% on each purchase. 

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Value-added benefits

Lastly, additional perks can be a key factor in why many high-spenders prefer using credit/debit cards. For these users, the appeal often extends beyond cashback, including benefits like travel miles, loyalty points, exclusive discounts, travel insurance, and access to presale events. These rewards provide tailored options that align with their lifestyle and spending habits.

While most cards focus on a single value-added benefit, such as high cashback on specific categories or exclusive access to events, Future stands out by offering a broader range of advantages. For instance, cardholders earn 6% cashback with sustainable partners, 5% cashback on purchases with eco-friendly brands, and 1% cashback on all other transactions, green or not. 

This multi-faceted approach, combined with a focus on sustainability and partnerships with environmentally conscious brands, sets Future apart as a card that delivers both high rewards and meaningful impact.

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Best cashback cards for high spenders: find your perfect match

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FutureCard

The FutureCard Visa® Debit Card is a standout choice for savvy spenders and eco-conscious individuals alike. Here’s why:

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Generous cashback on every purchase:

• Earn 6% cashback when shopping with FuturePartners—select sustainable brands.
• Enjoy 5% cashback on all other eco-friendly purchases (more than 50.000 stores)
• Get 1% cashback on all remaining purchases, including non-green transactions.

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Unlimited rewards, no caps:
Unlike traditional cards with monthly or quarterly earning limits, Future offers unlimited earning potential, making it ideal for high-spenders.

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Flexible redemption options:
‍Cashback is redeemed through a straightforward points system, with one of the highest 1:1 point-to-cashback conversion rates available. You’re not restricted to cashback—you can choose other rewards through the app.

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Accessible to everyday high-spenders:
‍Future is designed for people who spend big but don’t necessarily fit the traditional mold of premium credit cardholders, like AmEx users. It's a perfect fit for small business owners, big families, and anyone looking to maximize rewards without exorbitant income requirements.

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Perfect for commuters:
‍Future is tailored for urban lifestyles. For example, New York City subway riders earn a $5 weekly reward when they reach the OMNY fare cap—and new members ride free for their first week, with 5% cashback on transit after that.

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No hidden fees:
‍With 0% transaction fees, the FutureCard keeps more money in your pocket.

Whether you’re focused on sustainable shopping, frequent travel, or everyday spending, the FutureCard Visa® Debit Card is a smart, fee-free way to maximize your rewards while making a positive impact. 

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Centurion American Express

Also known as the “Black Card,” the Centurion American Express symbolizes prestige. It is a luxury, invite-only credit card with an annual fee of $5,000. In general, it doesn’t have interest rates as it requires full monthly payments. In terms of rewards and partnerships, the most significant ones relate to luxury perks such as unparalleled travel services, airport lounge access, and elite hotel experiences.

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American Express Platinum

Next, there’s another card that mainly focuses on travel benefits. The American Express Platinum card blends luxurious brands’ benefits with practical rewards, primarily focusing on lifestyle. Frequent travelers benefit most from this card since it provides a generous reward structure and credit for travel-related expenses.

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American Express Gold

The American Express Gold is perfect for travelers and food lovers. It offers 4x points on dining and US supermarket purchases—up to $25,000 a year. Despite having a $325 annual fee, it’s still an excellent choice since it partners with big companies like Uber and Grubhub.

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American Express Business Gold 

Unlike the American Express Gold card, which is meant for personal spending, the American Express Business Card is mainly designed for business owners who want to maximize rewards on business expenses. This card offers a 0% introductory APR for the first six months and has important partners like FedEx and Walmart.

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JP Morgan Reserve

The JP Morgan Reserve Card, also known as the Palladium card, is only available to clients with $10 million or more in assets, meaning it is exclusively meant for those with remarkably high incomes. As such, it is a premium travel-focused card with priority access to airport lounges and a $300 annual travel credit.

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Chase Sapphire Reserve

Tailored for frequent travelers, this credit card is another great option for those seeking benefits. Although it carries a high annual fee of $550, it offers great perks such as a $300 annual travel credit and up to $100 in application fee credits for Global Entry, TSA PreCheck, or NEXUS.

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Chase Sapphire Preferred 

This is an excellent choice for cardholders who don’t wish to break the bank, given that it comes with a high welcome offer and amazing travel points. Moreover, users can earn points on diverse categories like dining, online groceries, and streaming services.

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Marriott Bonvoy Brilliant

Issued by American Express, the Marriott Bonvoy Brilliant card offers great travel benefits and dining and hotel privileges. Furthermore, its loyalty program—Marriott Bonvoy—includes more than 7,000 hotels. Users can earn points through stays, credit cards, and purchases and redeem these points for hotel stays, flights, car rentals, and experiences.

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Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card is a fantastic option for cardholders who want a lucrative yet simple credit card service. With this card, users can earn a profit on every purchase. In fact, users can earn 2x miles on every purchase and use them to get repaid for any travel purchase. 

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Capital One Venture X Rewards Credit Card

Unlike the previous credit card, this premium travel card works similarly to luxury cards. Cardholders can receive up to 10x miles on spending through Capital One Travel, a significant welcome bonus, and a $300 travel credit. 

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Ink Business Preferred

The Ink Business Preferred credit card offers an annual fee of $95, which is on the lower side compared to other premium business cards. This makes it an excellent choice for small business owners who seek to maximize their rewards on regular business expenses. Plus, it has a welcome offer of 90,000 bonus points after spending $8,000 in the first three months.

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Capital One Spark Cash Plus

When it comes to finding the best credit card, high-spenders can greatly benefit from the services provided by the Capital One Spark Cash Plus card, which offers unlimited 2% cash back on all purchases and 5% on hotels and rental cars. 

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U.S. Bank Altitude Reserve Visa Infinite

Lastly, the U.S. Bank Altitude Reserve Visa Infinite credit card is designed to provide valuable travel rewards and mobile-friendly spending. With this card, users can access Priority Pass Select membership with eight complimentary airport lounge visits and up to $100 TSA PreCheck or Global Entry credit.

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The appeal of eco-friendly credit cards for high-spenders

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The growing trend of sustainable financial products

Given the rise of eco-conscious consumerism in the past few years, financial institutions have been driven to launch sustainable financial products, such as green debit cards, to meet those needs and align with their consumers' moral values. 

In this context, younger generations seek brands with strong eco-conscious commitments, such as plant-based food, renewable energy, and electric vehicles. Given the brands’ commitment to reducing their carbon footprint, these are typically called “green purchases,” and some financial institutions, such as Future, provide excellent rewards to users who make these kinds of purchases.

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Aligning values with spending

Given the rising relevance of eco-conscious spending, sustainable brands must partner with financial institutions like Future, which focus on providing rewards and discounts for making green purchases and promoting more eco-friendly lifestyles.

One of the best examples of this approach on the market is Electric Vehicle (EV) charging, where you can get 5% cashback at all electric charging stations and even double cashback on transit and self-care essentials. 

Another excellent option is using FutureCoins. Each coin represents carbon savings, one coin per metric ton of carbon reduced, and can be redeemed for rewards valued at $90 each. These helpful rewards make users feel more compelled to start making more green purchases.

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How to choose the best credit card if you are a high spender

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Identifying sustainable spending habits

Choosing the best green credit card is essential when you're an eco-conscious high-spender. Identifying your spending habits is a great way to choose a card that better suits your needs. Future offers a wide range of cashback rewards in sustainable businesses that promote green purchases.

You can easily track your regular expenses to identify where to switch to more sustainable options. For example, if you enjoy eating salads, you can buy your groceries in eco-conscious shops like Just Salad, where you’ll receive 5% cashback for using Future’s debit card.

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Card’s partnering brands

As might be expected, each person’s individual spending habits are different. Still, luckily, Future's extensive number of partnerships allows users to choose from sustainable businesses that give 6% cashback in categories like sustainable fashion, pet food, electric scooters, low-impact bed frames, and more.

The most effective approach is to think about purchasing from green brands as a way of helping the planet while also earning financial rewards without complications or challenging sign-up processes, given that Future requires no credit check and is available to wider audiences. 

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Transparency in supporting brands

Transparency is a key element of making green purchases and receiving cashback rewards. Since supporting green brands is the ultimate objective of green debit cards, it is important that these companies remain transparent and explain their sustainable contributions.

In this sense, Future’s partners are well-known companies dedicated to promoting eco-smart living and sustainable lifestyles, and users can easily find their information here.

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The FutureCard Visa® Debit Card: Revolutionizing cashback with no fees and unlimited benefits

In conclusion, the FutureCard Visa® Debit Card represents an innovative reward approach, offering cashback—a benefit traditionally reserved for credit cards—on a debit card. Cashback on debit is rare, and many people aren’t familiar with this concept, making Future's offering especially valuable. This unique feature sets the FutureCard apart, providing high cashback rates with no transaction fees, and giving users the ability to earn unlimited rewards.

Whether you're a small business owner, a large family, or simply someone looking to maximize everyday purchases, Future's debit card makes it easy to earn cashback while supporting sustainable practices. This forward-thinking, accessible solution brings the benefits of premium credit cards to a debit card, making it a smart choice for those seeking both rewards and simplicity.

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Start earning rewards with Future now!

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FAQs

What is the max credit card you should have?

The ideal number of credit cards depends on your financial goals, credit management skills, and lifestyle needs, but for most people, having three to five credit cards is a balanced range that maximizes rewards and builds credit.

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What is the best cashback credit card for high spend?

Despite not being a credit card, Future offers a cashback debit card perfect for high spenders. It provides up to 6% cashback on eco-friendly purchases and 1% on all other purchases, offering the same or even higher benefits as traditional credit cards.

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What is the best credit card for a 100k salary?

For those earning $100,000 or more, Future offers an exceptional choice. This innovative debit card provides up to 6% cashback on “green” purchases and 1% on all other transactions, making it ideal for high earners looking to maximize rewards without the typical credit card fees or limits.

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How to get 5% cashback on everything?

Focus on eco-friendly spending to earn 5% cash back on purchases with Future. It offers 5% cashback on green purchases, including sustainable brands, and up to 6% cashback when shopping with FuturePartners (select sustainable brands). Plus, NYC subway riders get 5% cashback on OMNY fares, with a $5 reward for hitting the fare cap. Non-green purchases earn 1% cashback, providing flexibility across spending.

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Should you use a debit card for large purchases?

Using a debit card for large purchases can be a smart choice, especially with high-reward cards like the FutureCard. It offers up to 5% cashback on eco-friendly purchases and 1% on all other transactions, giving you cashback and points for every purchase. However, unlike credit cards, debit cards charge the amount immediately, so ensuring you have enough funds in your account is important. With no transaction fees and unlimited rewards, the FutureCard provides the benefits of a credit card while offering the security and control of a debit card.