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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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Chase Freedom(SM) |
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- 3% Bonus Cash Back Offers in Popular, Rotating Categories Like Gas, Home Improvement and Department Stores
- Full 1% Cash Back on Everything Else - No Spending Tiers or Caps on How Much You Can Earn
- Up to an Additional 20% Cash Back at Select Merchants When You Shop Online Through Chase
- 0% Intro APR and 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*
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Up to 12 Months*
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As Low As 12.99%* 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) Credit Card is an excellent credit card for anyone interested in a cash rewards card that offers a generous cash rebate program. Chase Freedom(SM) is one of our "top picks" and most recommended cash back credit card offers
...more info
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Discover® More(SM) Card - American Flag |
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- 5% to 20% Cashback Bonus® at Top Online Retailers*
- Up to 1% Unlimited Cashback Bonus® on All Other Purchases Automatically
- Increase, Even Double, Your Rewards When You Redeem for Gift Cards from Our
100 Cashback Bonus® Partners
- No Annual Fee
- Online Account Access
- Online Bill Payment
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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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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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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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Discover® More(SM) Card |
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- 5% Cashback Bonus® in categories that change four times a year
- 5% to 20% Cashback Bonus at top online retailers
- Up to 1% Cashback Bonus on all other purchases automatically
- Unlimited cash rewards
- 0% Intro APR for 6 months on Purchases and up to 12 months on Balance Transfers*
- Increase, even double, your rewards when you redeem for gift cards from our 100 Cashback Bonus Partners
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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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Up to 12 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 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 - Clear |
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- 5% Cashback Bonus® in categories like travel, home, gas, restaurants, movies and more
- 5% to 20% Cashback Bonus at top retailers through our exclusive online shopping site
- Up to 1% Cashback Bonus on all other purchases automatically
- Unlimited cash rewards
- Increase, even double, your rewards when you redeem for gift cards from our 100 Cashback Bonus Partners
- 0% Intro APR for 6 months on Purchases, and up to 6 months on Balance Transfers*
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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 Clear Card is a cash back credit card that was specifically designed for those individuals that have very good credit who also wish to participate in a cash back program. The card utilizes a system that is somewhat unique for a cash back credit card, providing cardholders with a full 5% cash back rebate for purchases made at participating merchants
...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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