Cash Back Credit Cards

One of the best types of cards to use when making purchases is a cash back credit card. With such offers, you earn cash rewards on purchases made with your card - sometimes up to 5% cash back at certain locations.

  • Earn $100 Bonus Cash Back after you make $500 in purchases in your first 3 months
  • 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
Intro Purchases Intro Transfers Regular APR Annual Fee Credit Required
0% for 6 months* 0% for 12 months* 11.99% - 22.99% (V)* $0* Good to Excellent
  • $100 Bonus after you spend $500 in the first 3 months
  • 50% bonus on the cash back you earn every year
  • 1% cash back on all purchases
  • Earn unlimited cash rewards that don't expire
  • Redeem cash rewards anytime for any amount, even set up automatic redemption
  • Personalize your card with an image of your choice
Intro Purchases Intro Transfers Regular APR Annual Fee Credit Required
0% until 03/2013* 0% until 03/2013* 12.9% - 20.9% (V)* $0* Good to Excellent
  • 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
Intro Purchases Intro Transfers Regular APR Annual Fee Credit Required
0% for 12 months* N/A 17.24% - 22.24% (V)* $0* Excellent
  • $250 cash back bonus after you spend $5,000 within 3 months!
  • 5% cash back on the first $25,000 spent annually on office supply store purchases, cellular/landline phone service, and cable services
  • 2% cash back on the first $25,000 spent annually on gas and dining
  • 1% cash back on all other card purchases with no limit to the amount you can earn
  • Cash back rewards do not expire
Intro Purchases Intro Transfers Regular APR Annual Fee Credit Required
0% for 6 months* 0% for 6 months* 13.24% Variable* $0* Excellent
  • Earn 2% cash back on every purchase, every day
  • Get a $100 cash bonus - just spend $1,000 within the first 3 months
  • Receive a $50 cash bonus by signing up for one or more employee cards
  • Enjoy award-winning small business customer service
  • Redeem cash rewards anytime, for any amount, even set up automatic redemption
  • Earn unlimited cash rewards that don't expire
Intro Purchases Intro Transfers Regular APR Annual Fee Credit Required
N/A N/A 13.9% Variable* $0 for first year, $59 thereafter* Excellent
  • American Express® 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® Cardmembers from Costco and American Express
Intro Purchases Intro Transfers Regular APR Annual Fee Credit Required
0% for 6 months* N/A 15.24% Variable* $0* Excellent
  • Earn Cashback Bonus® for your good credit management
  • Up to 20% Cashback Bonus at popular retailers when you shop online through Discover.com
  • 24/7 access to a U.S.-based Account Manager within 60 seconds
  • $0 Fraud Liability plus automatic mobile and email fraud alert options
  • Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
Intro Purchases Intro Transfers Regular APR Annual Fee Credit Required
0% for 15 months* 0% for 15 months* 10.99% - 20.99% (V)* $0* Excellent
  • A card designed to help those new to the U.S. establish credit and earn cash back
  • Build credit with 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
Intro Purchases Intro Transfers Regular APR Annual Fee Credit Required
N/A N/A 24.9% Variable* $0* Fair

* Read Terms & Conditions on any credit card offer before you apply.


Understanding Cash Back Credit Card Offers

There are some important points about reward programs to take into consideration before applying for cash back credit cards. These include:

Read The Fine Print: One of the first program features to look for is exactly what percentage you are getting as a rebate based on the amounts and type of purchases you make. For example, you might see the words "up to 5% cash back" on an offer, and choose that card thinking it will give you the most cash rebates. However, you might find the program starts at 1% and only climbs to 5% after you've used the card to make five or ten thousand dollars in purchases.

Another possibility is that you only get the full 5% rebate at certain stores, like grocery stores, gas stations, or specific retail stores, while purchases made at other locations remain at 1%. So, always make yourself aware of exactly how much your rebate will be in all cases. If you expect your primary source of rebates to be gas stations purchases, then Gas Credit Cards may present a better solution.

Limits On Points: The next point to address is whether there are any limits on how many points you can receive. Cardholders might think that all of their high-dollar purchases made with a credit card are earning them points only to find they stopped earning rebates after they reached 10,000 or 25,000 points for the year. The best programs will have no limit on how many cash rebate points you can earn.

Redeeming Points: Finally, there is the issue of expiring points and how you redeem your rewards. Some cash back programs will send you a $25 or $50 check automatically whenever your points reach a certain amount. Others will notify you as to how many points you have, but leave it up to you to request how and when you receive your points.

Expiring Points: When choosing a cash rebate card, look in the program rules for when your points are paid and when they expire if you fail to redeem them. A good cash back program will keep you informed monthly as to how many points you have, as well as when and if your points expire.

If you keep these four features in mind while applying for cash back credit cards, you should easily be able to choose the best offer for you.

Updated - Tueday, December 4th, 2012
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