Everyone who knows the tricks to staying on top of your personal finances also knows that owning a cash back credit card is a great way to save money everyday. Yes, credit cards can increase your debt if used poorly, but when used properly, a good rewards card can put hundreds, or even thousands of dollars back in your pocket every year. The best cash back credit cards available today provide instant cash back bonuses, great rewards and most don’t carry an annual fee. In fact only one card on this list has an annual fee, but it is our highest rated card! Why? Because the cash rewards are just that good – and this is a card I personally use.
Below, you will find our favorite cash back credit cards and just why they’ve made our list. If you have a cash back credit card that didn’t make the list and you think it belongs, let us know and we’ll take a look. If it meets our high standards, we’ll make sure to include it.
Best Cash Back Credit Cards
Citi® Dividend Platinum Select® Visa® Card. This card offers cardholders the opportunity to earn 5% cash back every quarter in must-have categories. Right now, on purchases at Macy’s, drug stores, and fitness clubs from 1/1/14 – 3/31/14. It’s easy to enroll each quarter. Cardholders can also earn 1% cash back on all other purchases. You may earn a total of up to $300 per calendar year. This card features a 0% Intro APR on Purchases and Balance Transfers for 12 months. After that, the APR will be 12.99%-22.99% variable based on your creditworthiness* You can also earn $100 cash back after $500 in purchases within the first 3 months of account opening. The Citi Dividend Platinum Select Visa Card carries No Annual Fee*. Click Apply Now to see pricing details.
Discover it® – The new Discover it® card features 5% cash back in select categories that change each quarter, and 1% cash back on all other purchases. For example, you can earn a 5% cash back on up to $1,500 in Restaurant and Movie purchases from January through March 2014 with free and easy sign-up. And 1% cash back on all other purchases.* There is No annual fee. No overlimit fee. No foreign transaction fee. Pay up to midnight ET online or by phone on your due date without a fee. Plus, paying late won’t raise your APR.* Plus, free FICO® Credit Score on your monthly statement to help you stay on top of your credit.* There are several other benefits as well. *Click “Apply” to see rates, rewards, and free FICO® Credit Score terms and other information. Apply Now.
The Blue Cash Preferred® Card from American Express is one of the best cash rewards credit cards on the market. You can earn cash back in the following amounts: 6% US supermarkets up to $6,000 per year in purchases, 3% US gas stations & select US dept stores, 1% other purchases. Terms and limitations apply. Get 100 Reward Dollars, redeemable for a $100 statement credit, after you make $1,000 in purchases with your new Card in the first three months. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. Plus, get one year of Amazon Prime after you sign up for a new membership with your Card and meet the spending requirement in the same time period. As an Amazon Prime member, you get unlimited Free Two-Day Shipping on millions of items. To top it off, this card features a 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors. There is a $75 annual fee. Terms and Restrictions Apply. Apply Now.
Blue Cash Everyday® Card from American Express - This card is the little brother to our top rated card; it features slightly lower cash rewards program, but there is no annual fee. The cash back program is as simple as it gets – you can earn 3% at US supermarkets, up to $6,000 per year in purchases, 2% at US gas stations & select US dept stores, 1% on other purchases. Terms and limitations apply. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. Right now you can get 50 Reward Dollars, redeemable for a $50 statement credit, after you make $1,000 in purchases with your new Card in the first three months. Plus, get one year of Amazon Prime after you sign up for a new membership with your Card and meet the spending requirement in the same time period. As an Amazon Prime member, you get unlimited Free Two-Day Shipping on millions of items. This card also features a 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors. Terms and Restrictions Apply. Apply Now.
TrueEarnings® Card from Costco and American Express – If you’re a member at Costco then there’s no reason not to own the TrueEarnings Card from Costco and American Express. Cardholders will earn 3% Cash back at US gas stations and on gasoline at Costco up to $4,000 per year in purchases, then 1%. Cardholders also earn 2% cash back at US restaurants; 2% cash back on eligible travel purchases, including at Costco; 1% cash back on other purchases, including at Costco. Terms and limitations apply; You will receive your cash back annually in the form of a reward coupon. There is no annual fee for Costco members. Terms and restrictions apply.
“Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.”
* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the “Apply Now” button, you can review the credit card terms and conditions on the issuer’s website.
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