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Cash Back Credit Cards
Cash back credit cards provide cardholders with cash
rebates or rewards to cardholders for making purchases with their credit cards.
A cardholder has the ability to accumulate significant rebates over time based
on the dollar amount of purchases made with the top card offers.
Normally, a cash back credit card will have a rebate of around 1%, which
is the industry standard. While you search and compare for the best cashback
credit cards, you might be wondering how all the credit card companies can
afford to do that. The retailers and merchants that you shop at are charged a
fee for every purchase that you make with the card. So in essence, you are
taking back a portion of that fee as your cashback rebate reward.
However, since rebate programs still end up being pretty costly to the
credit card companies, some rebate credit cards will have an annual fee, which
can range from around $25 to as much as $100, which will be incurred after you
apply and are approved for the credit card.
Some cards will offer a
higher rebate percentage with increased card usage and still other cards will
offer you a higher cashback percentage at select merchants, such as gas
stations, supermarkets and select retailers. Be mindful, however, that most cash
back cards typically only offer cash back on purchases, not on balance
transfers or cash advances.
At CreditCardAssist.com, we strongly
recommend that cashback credit cards are most suitable for cardholders who do
not carry monthly balances. Cash back cards typically have higher APR's (roughly
1% higher) compared to standard platinum cards. If you carry a monthly balance,
the higher interest rate on these credit cards will more than offset the rebate
that you'll receive and you'll end up paying back the rebate in the form of
higher interest charges to the card issuer.
Best Cash Back Credit Card Offers - Reviews
So if you are vigilant about paying off your monthly card
balance, a cash back credit card can earn cardholders a significant amount of
money over time. We have listed a variety of the very best cash back
credit cards available below.
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Citi CashReturns(SM) MasterCard® |
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- No Annual Fee
- Earn up to 6% Cash Back on Purchases; a Full 1% Cash Back on Every Purchase
PLUS an Average 5% Additional Cash Back at 400 Leading Retailers within the Citi
Bonus Cash Center
- Earn a 20% Bonus on the Cash Back Earned on All Purchases for the First 12
Months
- Checks Will Be Sent Automatically Every Time You Earn $50 - No Calling
Necessary
- 0% APR* on balance transfers for up to 12 months
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0%*
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Up to 12 months*
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As low as 9.99%*
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None*
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Yes*
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Very Good Credit*
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Editor's Review:
The Citi CashReturns(SM) MasterCard® is an excellent card with many attractive features, including a long term 0% introductory rate, and no annual fee. It also offers access to the reward program.
...more info
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Chase Freedom(SM) Credit Card |
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- Receive $50 after making your first purchase
- 3% Cash Back in your top 3 everyday spending categories
- 1% cash back for each $1 you spend on all other purchases
- Receive an extra $50 each time you save and redeem $200 in rewards
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
N/A*
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N/A*
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14.99%*
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None*
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Yes*
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Good Credit*
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Editor's Review:
Chase Freedom(SM) Credit Card is an excellent credit card for anyone interested in a rewards card that offers flexibility in the manner that you are rewarded. Chase FreedomSM is one of our "top picks" and most recommended cash rebate credit card offers. Unlike many cash back credit cards, the Chase Freedom card offers you the choice between receiving reward points or cash back.
...more info
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Blue Cash® from American Express® |
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- Up To 5% Cash Back on Every Day Purchases - Even Gas!*
- 0% Intro APR for Up to 12 Months on Purchases*
- Low Balance Transfer Rate - 2.99% Fixed APR for Twelve Months*
- No Annual Fee*
- Express Approval. Get a Decision in Less than 60 Seconds*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0% on Purchases*
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Up to 12 Months*
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As Low as 9.99%*
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None*
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Yes*
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Excellent Credit*
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Editor's Review:
Blue Cash® from American Express® is a great cash back card (not a charge card) designed for those with at least good credit who would like to take advantage of the cash back rebate offer as well as other numerous outstanding card benefits
...more info
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Chase Free Cash Rewards(SM) Visa® Card |
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- 1 point for every eligible dollar in purchases
- 1,000 Bonus Points after your first purchase
- Intro 0% Fixed APR for up to 12 months*
- No Annual Fee
- Get your cash back rewards with as few as 2,500 points
- Choose from either a $25 check or a $25 gift card/certificate from leading national merchants for every 2,500 points earned
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0%*
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Up to 12 Months*
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10.99%*
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$0*
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Yes*
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Good Credit*
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Editor's Review:
Chase Free Cash RewardsSM Visa® Card is an excellent cash back card designed for those who have good credit and are looking for a solid cash back reward offer. For those who qualify for the lowest rates offered, this credit card has a pretty favorable interest rate on purchases and balance transfers in comparison with other cash back credit card offers. In addition
...more info
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Total Merrill(SM) Cash Back Visa® Card |
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- 1% Cash Back on Virtually All Purchases*
- No Annual Fee*
- No Annual Fee and a Low Competitive 9.99% Annual Percentage Rate (APR)*
- Low 9.99% APR for Retail Purchases*
- Credit Line may be as High as $250,000*
- Cash Back Rewards Can be Deposited Directly into Your Merrill Lynch Account*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
1.9% on Balance Transfers*
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12 Months*
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9.99%*
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None*
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Yes*
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Very Good Credit*
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Editor's Review:
The Total Merrill(SM) Cash Back Visa® cardholders earn one cash back reward credit for every dollar spent on all purchases. The card has no annual fee and offers the same very low fixed interest rate for both purchases and cash advances
...more info
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Discover® More(SM) Card - American Flag |
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- 0% Intro APR*
- 5% Cashback Bonus® on Get More purchases in popular categories that change four times a year like home, apparel and more*
- Up to 1% Cashback Bonus® on all your other purchases*
- Unlimited cash rewards that never expire as long as you use your Card*
- Increase, even double, your rewards when you redeem for gift cards from our 100 Cashback Bonus Partners*
- View Discover® Card Rates, Fees, Rewards and Other Important Information*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0% on Purchases*
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6 Months*
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10.99%*
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None*
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Yes*
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Good Credit*
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Editor's Review:
The Discover More American Flag Card is an excellent cash back credit card. The card is attractive to those individuals that have established very good credit and would like to take advantage of a card offering cash back rewards. The Discover More American Flag Card is a cash back credit card offering a full 5% cash rebate to cardholders for purchases made at specific merchants
...more info
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Blue Cash® for Business |
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- Up To 5% Cash Back on Virtually all Purchases*
- No Limit on the Cash Back You Can Earn*
- No Annual Fee*
- 0% Intro APR for First 6 Months*
- Option to Pay over Time or Pay in Full*
- Save 3-25% on Business Purchases at Companies like FedEx®, Delta®, Hertz®, and More*
- Earn Cash Rewards on Purchases Made by Additional Cardholders*
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Intro APR
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Intro APR Period
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Regular APR
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Annual Fee
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Balance Transfers
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Credit Needed |
0% on Purchases*
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6 Months*
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As Low As Prime + 2.99%*
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None*
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Yes*
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Very Good Credit*
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Editor's Review:
The Blue Cash for Business from American Express, one of the best cash back credit cards currently available, is designed specifically for business owners who have an average credit rating who are also interested in taking advantage of the perks offered by a cash back credit card
...more info
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