Cash Back Credit Cards
One of the most popular rewards that people like to earn with their credit cards is cash back. What’s not to like? Every time you use the card you get back a percentage of that money spent. There are several cash back credit cards available online, but not all are very good offers. We have done much of the research for you and have created a list of the Top 5 that we feel offer the greatest overall value to consumers. To determine our rankings we took into account the interest rates, if there was an annual fee or not, the amount of cash back being offered, and if there were any special promotions.
The banks are very competitive right now and that is a good thing for consumers. The cash back credit card offers that they have made available are the best in years. Some of these cards are even offering an additional bonus once you have spent a certain amount of money on the card. Please review our Top 5 Cash Back Cards list and select the card that is right for you.
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Citi® Dividend Platinum Select® Visa® Card |
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- $100 cash back after $500 in purchases within the first 3 months of account opening
- 0% Intro APR on Balance Transfers and Purchases for 12 months. After that, the APR will be 12.99%-22.99% variable based on your creditworthiness*
- Earn 5% cash back from Citi at Home Depot, Home furnishing stores and home and garden stores between 4/1/13 and 6/30/13, with enrollment
- Enroll at no additional cost each quarter for new categories that earn additional cash back
- Full 1% cash back on all other purchases and eligible cash advances.
- No Annual Fee*
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Intro Purchase APR
0% for 12 months* |
Intro Balance Trans. APR
0% for 12 months* |
APR
12.99% – 22.99% (Variable)* |
Annual Fee
$0* |
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Blue Cash Everyday® Card from American Express |
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- Earn 100 Reward Dollars after you make $1,000 in purchases in the first three months of Cardmembership.
- Earn Cash Back: 3% at US supermarkets, up to $6,000 per year in purchases, 2% at US gas stations & select US dept stores, 1% on other purchases. Terms and limitations apply.
- Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
- Simple and Straightforward: With the Blue Cash Everyday Card, you can start earning cash back. No rotating reward categories. No enrollment required.
- No annual fee, 0% intro APR on purchases for 12 months. After that, your APR will be a variable rate, currently 12.99%-21.99% with flexibility to pay over time.
- Terms and Restrictions Apply.
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Intro Purchase APR
0% on purchases for 12 months |
Intro Balance Trans. APR
N/A* |
APR
12.99% – 21.99% Variable* |
Annual Fee
$0 |
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Capital One® Cash Rewards |
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- $100 Bonus after you spend $500 on purchase within the first 3 months
- 50% bonus on the cash back you earn every year
- 1% cash back on all purchases
- No annual fee
- Earn unlimited cash back that doesn’t expire
- Redeem cash back anytime for any amount, even set automatic redemptions
- Personalize your card with an image of your choice
- 0% intro APR on purchases and balance transfers until May 2014.
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Intro Purchase APR
0% APR until May 2014* |
Intro Balance Trans. APR
0% APR until May 2014* |
APR
12.9% – 20.9 % (V) |
Annual Fee
$0* |
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TrueEarnings® Card from Costco and American Express |
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- 3% Cash back at US gas stations and on gasoline at Costco up to $4,000 per year in purchases, then 1%
- 2% cash back at US restaurants; 2% cash back on eligible travel purchases, including at Costco; 1% cash back on other purchases, including at Costco
- Terms and limitations apply; You will receive your cash back annually in the form of a reward coupon
- The Two-In-One Card: it’s an American Express® Card and Costco membership card, with no annual fee for Costco members
- Cardmembership offers access to benefits such as Global Assist and Purchase Protection* *Underwritten by AMEX Assurance Company
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Intro Purchase APR
0% for 6 months* |
Intro Balance Trans. APR
N/A* |
APR
15.24%*(Variable) |
Annual Fee
$0* |
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Capital One® Cash Rewards for Newcomers |
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- A card designed to help those new to the U.S. establish credit and earn cash back
- Build credit with responsible use-plus automatic reporting to the three major credit bureaus
- Get 2% cash back on travel purchases
- Earn 1% cash back on all other purchases
- No foreign transaction fees
- No annual fee
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Intro Purchase APR
N/A* |
Intro Balance Trans. APR
N/A* |
APR
24.9% (V) |
Annual Fee
$0* |
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Rating: 4.9/5 (8 votes cast)
Best Cash Back Credit Card
With so many choices available, it can be hard to be sure that you are applying for the best card. Cash back has long been a favorite reward for many consumers. People are in love with the concept of earning cash which is why this type of reward with a credit card has been so popular. With that being said, we set out to create a listing of the best cash back credit cards that are available online. We took several things into consideration before we developed the rankings above. Due to the fact that there are several credit cards on the market that offer a wide range of rewards including cash back, we only chose cards that had cash as their primary reward. Introductory rates on purchases and balance transfers, on-going interest rates, and annual fees were also considered.
Cash Bonus Reward Offers for Applying
A newer feature available with some cards are the additional bonus cash being offered once you have spent a certain amount of money after you have received the card. We have found this to be a great way for the issuing banks to entice new cardholders to give their card a try. This is great for consumers because the spend amount needed to receive a $100 bonus is about $500 over a 3 month period. Most people can spend more than that with grocery purchases in 3 months. The type of consumer that usually applies for this type of card is a deal seeker. These bonuses are truly a great deal for making purchases that you would be making everyday.
2% - 5% Cash Back Credit Cards
You will be hard pressed to find a card that will offer you 2% - 5% cash back rebates on all purchases uncapped. The vast majority of offers are for a straight 1% earnings rate. There are now some really good products that are offering as high as 5%, but they are limited to certain purchasing categories. Those categories are usually groceries and gasoline, but some may offer them on home improvement, fitness, healthcare, and travel. Be aware that there is usually a limit on how much you can earn within a certain category within a certain time period. It is best to read the terms on the application if this is an important factor in deciding which card you want to apply for. When we determined our rankings we took the additional earnings into account, but ranked based on overall quality of the card.
