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
Top Cash Back Card: 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. There are no minimums or rotating reward categories, and no enrollment required. Earn 150 Reward Dollars after you make $1,000 in purchases in the first three months of Cardmembership. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. There is the $75 annual fee, but if you spend $25 or more per week at your supermarket, you will more than earn your money back. (read the review for an idea of how much cash back you can earn).
Citi® Dividend Platinum Select® Visa® Card. This card offers cardholders 1% cash back with the opportunity to earn 5% cash back on rotating categories throughout the year. For example, you can earn 5% cash back from Citi at Home Depot, Home furnishing stores and home and garden stores between 4/1/13 and 6/30/13, with enrollment. Cardholders will also receive an excellent 0% intro APR on balance transfers and purchases 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 making $500 in purchases within the first 3 months of account opening. The Citi Dividend Platinum Select Visa Card carries No Annual Fee*.
Blue Cash Everyday® Card from American Express – This card is the little brother to our top rated card; it offers lower cash rewards and no annual fee. The cash back program is as simple 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. There is no minimum spending requirement, no enrollment or annual fees, and no rotating spending categories. Right now you can earn 100 Reward Dollars after you make $1,000 in purchases in the first three months of Cardmembership. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. The Blue Cash Everyday® Card from American Express also provides a 0% intro APR on purchases for 12 months. After that, your APR will be a variable rate, currently 12.99%-21.99% with flexibility to pay over time. Terms and Restrictions Apply.
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.
Discover it® – The new Discover it® card features 5% cash back in select categories, and 1% cash back on all other purchases. For example, you can earn a 5% Cashback Bonus on up to $1,500 in purchases at Home Improvement Stores now through June 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, and no pay-by-phone fee. You can choose your own due date and pay up to midnight ET online or by phone. There are several other benefits as well. Please visit the Discover website to learn more.
Best Cash Back Debit Card
PerkStreet Financial(SM) Debit MasterCard® – It’s rare to find a debit card that can match the earnings potential of a credit card but PerkStreet has done it. The PerkStreet FinancialSM Debit MasterCard® offers cardholders up to an unlimited 2% cash back on purchases at select retailers, and an unlimited 1% cash back on almost all other purchases. You can also earn up to 25% cash back at leading retailers every week. You must have a PerkStreet checking account to obtain this debit card and the PerkStreet Financial MasterCard Debit Card comes along free of charge.
“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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