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.
Featured Cash Back Credit Cards
Citi® Dividend Platinum Select® Visa® Card. This card offers cardholders the opportunity to earn 5% CASH BACK in categories every quarter. Right now, on eligible purchases within the Hilton Portfolio, car rental agencies, movie theaters and theme parks from 7/1/14 – 9/30/14. Enrollment each quarter is quick and easy. Cardholders can also earn 1% cash back on all other purchases. The total cash back earned with the card is $300 per calendar year, excluding the $100 cash back with this offer. See Citi Dividend Card Reward Program Information. 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® chrome – The newest trend in rewards credit cards is offering “x% cash back in rotating categories.” This is fine if you are always on top of things. But it can be hard to remember to activate your bonus each quarter, or remember which cards are offering cash back in which categories. The Discover it® chrome card features a flat rewards system which takes the guesswork out of trying to remember which bonus categories are currently active for your card. This card features 2% cash back automatically on up to $1,000 in combined purchases at restaurants and gas stations every quarter—no sign-ups needed*. 1% cash back on all your other purchases. It also features 0% intro APR on purchases and balance transfers for 14 months—then a variable purchase APR applies, currently 10.99% – 22.99%. A 3% fee applies to each transferred balance. There is no annual fee, no overlimit fee, no late fee on your first late payment and no foreign transaction fee*. Being a card member gives you access to your Free FICO® Credit Score online and on your monthly statement so you can track your score’s progress*. Each Discover purchase is monitored. If it’s unusual, you’re alerted by e-mail, phone or text-and never responsible for unauthorized Discover card purchases. 100% U.S. based customer service – anytime, day and night. *See rates, rewards, free FICO® Credit Score terms and other info by clicking “Apply”. Apply Now.
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 5% cash back at gas stations on up to $1,500 in purchases from July through September 2014 when you sign up*. 1% cash back on all other purchases.* There is No annual fee, no late fee for your first late payment – APR won’t go up for paying late, no overlimit fee and no foreign transaction fee.* This card features a 0% intro APR on purchases & balance transfers for 14 months – then a variable purchase APR applies, currently 10.99% – 22.99%. A 3% fee applies to each transferred balance. It was Rated 4.8 out of 5 stars by over 4,000 cardmembers.* Cardmembers receive a Free FICO® Credit Score online and on monthly statements.* Each Discover purchase is monitored. If it’s unusual, you’re alerted by e-mail, phone or text-and never responsible for unauthorized Discover card purchases. Cardmembers receive 100% U.S.- based customer service – anytime, day and night. *See rates, rewards, free FICO® Credit Score terms and other info by clicking “Apply.” 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.
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* 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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Advertising Disclosure: This page contains advertisements. This page does not include all available credit card offers from all advertisers (that would be literally hundreds, if not thousands of credit cards). This credit card review was not reviewed by, endorsed, or approved by Citi or any other credit card issuer. All opinions, reviews, and recommendations reflect the author’s honest opinions, beliefs, and experiences.