Best Cash Back Credit Cards
Good news! Credit card companies are now competing so hard for your business these that they are offering some terrific cards that give you cash back on most or all of your purchases. These cards are an especially good deal if you pay your balance every month, because then you get to use the credit card purchasing power for free and still get cash back. So if you use it properly, a cash back credit card can be very rewarding!
But with all the available credit card offers, how do you know which one to choose? We decided to make it easier by sifting through these offers ourselves so we could show you the best offers we have found.. After considering all the available offers, we have identified what we feel to be the three best cash back credit card offers on the market. These are:
Best Cash Back Credit Card
Chase Freedom Visa Signature Card. This Visa card gives you 3% cash back on all your purchases in the 3 main eligible categories where you spend the most money in a given month. Eligible categories include grocery stores, gas and convenience stores, fast food, telecommunications, cable and satellite TV, Internet Service Providers, video rental, department stores, utilities, and several others. The 3% is limited to the first $600 you spend, but after that the cash back reward rate goes to 1%. Furthermore, this card will give you $50 cash back after your very first purchase! The card also boasts a 0% APR on all purchases for the first 6 months. The interest rate after 6 months is a variable rate now standing at 18.24%, which is a bit high but isn't a consideration if you pay your balance every month.Best American Express Card
American Express Blue Cash. This AMEX card has a tiered system of cash back rewards that depends on your year to date purchases with the card. If your YTD purchases are $6500 or less, the card gives you 1% cash back on everyday purchases (groceries, gas, and drugstore items,) and 0.5% cash back on everything else. Above $6500, the card gives you 5% cash back on everyday purchases and 1.5% cash back on everything else. This card also has a reasonable APR of 13.24% so you won't get killed if you carry a balance. It also gives you an introductory rate of 0% for the first 6 months.Best Discover Card
Discover More Card. This Discover card lets you earn 5% cash back on certain categories that change 4 times a year (such as gas, movies, groceries, etc.) and gives you up to 1% cash back on all your other purchases. It gives you a 0% APR on all purchases for the first 12 months, and a terrific APR of 10.99%, thereafter with no annual fee. If you want a good combination of rewards with low APR, this may be the card for you.If you want to get the most out of these cards, you can actually get two or even all three cards and use them for different things. For example, you could get both the Chase Freedom Card and the AMEX Blue Cash card. For gas, groceries, and drugstore purchases, use the AMEX Blue card, and for all other purchases use the Chase Freedom card. This approach actually gives you more cash back than using either card alone! And since neither card has an annual fee, you can get these rewards with paying a dime out of your pocket. Just be sure to pay off your balance every month to avoid interest charges, and you'll find that these cards will put some significant cash back into your pocket over any yearly period.
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