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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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Capital One® No Hassle Cash(SM) Rewards Card |
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- 2% Cash Back on Gas and Groceries
- 1% Cash Back on All Other Purchases
- No Limit on the Cash You Can Earn and Cash Won't Expire
- Redeem Cash Rewards for Statement Credit, Check or Gift Card
- Get You Cash Back Whenever You Want, Even Set Up Automatic Redemption
- 0% Intro APR on Purchases until July 2011
- No Foreign Transaction Fees
- No Annual Fee
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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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Until July 2011*
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14.90% (V)*
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None*
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Yes*
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Excellent Credit*
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Editor's Review:
The Capital One® No Hassle Cash(SM) Rewards card is ideal if you have excellent credit and are interested in earning cash rewards...
...more info
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Chase Freedom(SM) MasterCard |
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- 0% Intro APR and No Annual Fee
- 5% cash back offers in popular categories like gas, home improvement and department stores
- Full 1% Cash Back on everything else with no spending tiers
- Your cash back rewards never expire
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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 Balance Transfers*
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12 Months*
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12.99% - 22.99% (Variable*)
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None*
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Yes*
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Excellent Credit*
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Editor's Review:
Chase Freedom(SM) MasterCard is an excellent credit card for anyone interested in a cash rewards card
that offers a generous cash rebate program. Chase Freedom(SM) MasterCard is one of our "top
picks" and most recommended cash back credit
card offers
...more info
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Discover® More(SM) Card - $75 Cashback Bonus® |
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- 0% intro APR on balance transfers for a full 12 months, then the Regular APR
- 0% intro APR on purchases for a full 6 months, then the Regular APR
- Get $75 Cashback Bonus when you make $500 in purchases within 3 months
- 5% Cashback Bonus in categories that change like travel, gas, groceries, restaurants, home improvement stores and more
- Up to 1% unlimited Cashback Bonus on all other purchases
- No Annual Fee
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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 Balance Transfers, Purchases*
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12 Months or 6 Months*
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11.99% - 20.99%* (V)
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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 Discover® More Card earns cardholders up to 1% in cash back rebates for purchases made using the card. Rebates will be worth 2x their value from participating merchants with the "Cash Back Bonus®" award program
...more info
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TrueEarnings(R) Card from Costco and American Express |
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- Earn cash back on gas and a $25 statement credit with your first purchase made with the Card.
- Earn cash back virtually everywhere you go - 3% for annual gasoline purchases of up to $3,000 (1% thereafter), 3% for restaurants, 2% for travel, 1% everywhere else, including Costco
- No Annual Fee with your paid Costco Membership
- The TrueEarnings Card serves as both your American Express Credit Card and your Costco Membership Card
- No Limit on the Cash Back 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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Credit Needed |
See Terms*
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See Terms*
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15.24%
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See Terms*
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Excellent
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Editor's Review:
Teaming up with Costco, American Express provides great value to people with average credit with the TrueEarnings® Card. This credit card offers a a cash back rewards program that features no limit to the amount of cash rebates you can earn as well as a 0% introductory rate on all new purchases for the first 90 days.
...more info
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Discover® More(SM) Card - Wildlife Collection |
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- Increase, even double, your rewards when you redeem for gift cards from our 100 Cashback Bonus Partners
- 5% Cashback Bonus® in categories like travel, home, gas, restaurants, movies and more
- 5% to 20% Cashback Bonus at top online retailers
- Up to 1% Cashback Bonus on all other purchases automatically
- Unlimited Cash Rewards, automatically
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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, Balance Transfers*
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6 Months*
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As Low As 11.99%*
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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 Discover More Wildlife Card is a great choice for someone interested in a cash back credit card. This card, which is issued by Morgan Stanley, was designed specifically for those individuals with very good credit that are interested in participating in the Cashback Bonus rewards program. Utilizing a system that is unique to cash back credit cards, cardholders earn a full 5% cash rebate for all purchases made at
...more info
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