Best Credit Cards - Cash Back Rewards
If you're looking for the best credit cards to earn cold hard cash back for your purchases you've come to the right place. MoneyRates.com has assembled some of the top cash back credit cards out there.
With a cash back rewards credit card, it's like getting a rebate on many of your regular purchases such as groceries, clothes, gas, and more. If you make a lot of purchases on your credit card and want to know that you're maximizing every dollar with that spending, a cash back rewards card may be for you. Cash back credit cards come with many different terms for different types of purchases, so review these offers to find the best one for how much you spend and where you shop.
- Earn $100 cash back after spending $1,000 in eligible purchases in the first 3 months of Cardmembership
- 0% intro APR on purchases for 12 months, flexibility to pay over time
- Get 3% cash back at supermarkets, 2% cash back at gas stations and department stores, and 1% cash back on all other purchases
- NO spend minimum, NO enrollment, and NO rotating rewards categories
- Get a $25 Referral Bonus for each friend or family member who is approved for the Card
- No annual fee, flexibility to pay over time
★ ★ ★ ★ ★
Cashback Rewards
Gas: 2%
Groceries: 3%
Other: 1%
Excellent
- Earn $100 Bonus Cash Back after you make $500 in purchases in your first 3 months
- 0% Intro APR for 15 months on purchases and balance transfers
- 5% Cash Back on up to $1,500 spent at grocery stores and movie theaters from 4/1/12 - 6/30/12
- You'll enjoy new 5% categories every 3 months like gas stations, restaurants and even airlines. It's free and easy to activate your bonus each quarter!
- Unlimited 1% Cash Back on all other purchases
- Up to an additional 10% Cash Back when you shop online at select merchants through Chase
- No annual fee and rewards never expire
★ ★ ★ ★ ★
Cashback Rewards
Gas: Up to 5%*
Groceries: Up to 5%*
Other: 1%
Excellent
- Earn $150 cash back after spending $1,000 in eligible purchases in the first 3 months of Cardmembership
- 0% intro APR on purchases for 12 months, flexibility to pay over time
- Get 6% cash back at supermarkets, 3% cash back at gas stations and department stores, and 1% cash back on all other purchases
- NO spend minimum, NO enrollment, and NO rotating rewards categories
- Get a $75 Referral Bonus for each friend or family member who is approved for the Card
- The annual fee pays for itself. With 6% cash back at supermarkets, if you spend just $25 weekly at your supermarket, you can receive over $75 cash back from these purchases alone.
★ ★ ★ ★ ★
Cashback Rewards
Gas: 3%
Groceries: 6%
Other: 1%
Good
Annual Fee$75
- 0% intro APR on purchases and balance transfers for 15 months, then the variable purchase APR of 10.99% - 20.99%*
- 5% Cashback Bonus(R) in categories that change like gas, restaurants, department stores and more. Limitations apply*
- Up to 20% Cashback Bonus at popular retailers when you shop online through Discover.com
- Discover is ranked #1 in customer loyalty--16 years in a row! (2012 Brand Keys Customer Loyalty Engagement Index report)
- 24/7 access to a U.S.-based Account Manager within 60 seconds
- $0 Fraud Liability plus mobile and email fraud alert options
- Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
- *Click apply to view rates, fees, rewards, limitations and other important information
★ ★ ★ ★ ★
Cashback Rewards
Gas: Up to 5%
Groceries: Up to 1%
Other: Up to 1%
Excellent
- 0% intro APR on purchases for 6 months, then the variable standard purchase APR of 10.99% - 20.99%*
- 0% intro APR on balance transfers for 18 months, then the variable standard purchase APR of 10.99% - 20.99%*
- 5% Cashback Bonus(R) in categories that change like gas, restaurants, department stores and more. Limitations apply*
- Discover is ranked #1 in customer loyalty--16 years in a row! (2012 Brand Keys Customer Loyalty Engagement Index report)
- 24/7 access to a U.S. based Account Manager within 60 seconds
- $0 Fraud Liability plus automatic mobile and email fraud alerts
- Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
- *Click apply to view rates, fees, rewards, limitations and other important information
★ ★ ★ ★ ★
Cashback Rewards
Gas: Up to 5%
Groceries: Up to 1%
Other: Up to 1%
Excellent
- 0% intro APR on purchases and balance transfers for 15 months, then the variable standard purchase APR of 10.99% - 19.99%*
- 2% automatically at gas stations and restaurants all year long*
- Plus, up to 20% Cashback Bonus at popular online retailers when you shop through Discover.com
- Discover is ranked #1 in customer loyalty--16 years in a row! (2012 Brand Keys Customer Loyalty Engagement Index report)
- 24/7 access to a U.S.-based Account Manager within 60 seconds
- Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
- *Click apply to view rates, fees, rewards, limitations and other important information
★ ★ ★ ★ ★
Cashback Rewards
Gas: Up to 2%
Groceries: Up to 1%
Other: Up to 1%
Excellent
- American Express(R) Card and Costco Membership Card in one -- with no annual fee for Costco members
- Cash back on the things you buy: 3% for the first $3,000 in annual gasoline purchases (1% thereafter), 2% for restaurants, 2% for travel, and 1% everywhere else, including Costco
- Rated 4.5 out of 5 stars in overall satisfaction by current TrueEarnings(R) Cardmembers from Costco and American Express
★ ★ ★ ★ ★
Cashback Rewards
Gas: 3% For annual gasoline purchases of up to $3,000
Groceries: 1%
Other: 1%
Excellent
- Earn Cashback Bonus for your good credit management
- 0% intro APR on purchases and balance transfers for 15 months, then the variable purchase APR of 10.99% - 20.99%*
- Up to 20% Cashback Bonus at popular online retailers when you shop through Discover.com
- Discover is ranked #1 in customer loyalty--16 years in a row! (2012 Brand Keys Customer Loyalty Engagement Index report)
- 24/7 access to a U.S. based Account Manager within 60 seconds
- $0 Fraud Liability plus mobile and email fraud alert options
- Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
- *Click apply to view rates, fees, rewards, limitations and other important information
★ ★ ★ ★ ★
Cashback Rewards
Gas: Up to 1%
Groceries: Up to 1%
Other: Up to 1%
Excellent
These quotes are from credit card issuers which have paid for a link to their website. Offers are subject to change without notice and may not be the same for all consumers.
Cash back rewards credit cards
With cash back rewards credit cards, you make money every time you use them. The concept at the heart is simple: buy things and earn money in return. The various reward structures and rules, however, can complicate things a little bit.
With these popular credit cards, you can earn rewards with not only purchases but also with balance transfers, interest payments and cash advances, depending on the rewards terms of your card. But determining whether a cash back rewards card is right for you will depend--as is true with all credit cards--on a careful reading of the terms and conditions.
Cash back credit card features
The specifics of cash back rewards programs--what's offered and how they work--vary from card to card and can be complex. The key characteristics to look at and compare are:
- Structure The rewards structures of these cards can differ greatly. Some offer a flat percentage of cash back, such as 2 percent on all purchases. Others offer higher percentages on purchases in certain categories, such as groceries, drugstore items and gasoline, or for purchases from selected merchants. Some even feature bonuses for the first purchase or bonuses for earning a spending a certain amount in a year.
- Rate Cash back rates typically range from 1 to 5 percent, but some are as high as 10 percent. Obviously, the higher the rate, the more cash you get back. If, for example, you earn 2 percent on all purchases and you charge $10,000 to the card in one year, you'd accrue $200 in cash back. Credit card companies can modify those rates at any time, however.
- Tiering Some cash back credit cards are tiered. With these cards, your cash back rate increases when you reach certain spending amounts. For instance, you may earn 0.5% on all purchases up to $6,500 and then 1.5% for subsequent purchases. A card may have two or more tiers.
Potential reward limitations
Most of these rewards cards have rules concerning usage and redemption. Here are a few to be aware of:
- Caps Some of these cards have a limit on the cash back you can get: a monthly cap, an annual cap, or both. Annual caps are frequently between $300 and $600. Many of the best cash back credit cards don't have caps.
- Redemption minimums Sometimes you have to charge a certain amount on the card before your reward takes effect or before you can redeem your reward. With some cards, you may redeem your reward each time you meet the minimum; with others, redemption is done monthly or annually.
- Expiration dates Expiration dates on the rewards themselves are not uncommon. On cards with a rewards expiration date, if you don't retrieve your cash back by that time, you lose it. You also could forfeit your rewards in other ways, such as defaulting on the account.
Cash back rewards cards often have higher interest rates than cards without rewards, so it's best to pay any balance in its entirety monthly. Otherwise, interest will eat away at your cash rewards and you won't reap any true benefits.
