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Cash Back Credit Cards

The Best Cash Back Credit Cards - More Cash Back In Your Pocket

Cash back reward and rebate programs are great and it’s no surprise that they are one of the most popular types of credit cards.  Unlike points or miles which often accrue and sit unused, cash back rebates will definitely be used right away.  Aside from the cash rebate, there are usually very few additional frills.  Most cards have no annual fee, but be sure to carefully check the details. 

So start earning as high as 5% cash back on your everyday purchases.  Compare cash back offers below and apply for your cash rebate card today using the secure online applications.

Category
Monthly Spend
Balance
  • Membership eligibility and product restrictions apply and are subject to change.
  • Earn 1.5% cash back on your everyday purchases.
  • Redeem your cash rewards anytime using your mobile device or computer
  • There's no limit on the amount you can earn.
  • Enjoy no foreign transaction fees when you travel outside of the United States.
  • Special Benefits for Military: Deployment/PCS rate: Get 4% APR on all balances for up to 12 months during deployment or PCS. After 12 months, the regular APR, currently between 12.40% and 26.40% , will apply. This rate will vary with the market based on the prime rate.
  • Security Benefits: Chip technology has added security and greater acceptance worldwide. Identity theft resolutions services provides assistance should you become the victim of identity theft.
 

 Card Rating

 Credit Needed

 Good

 
  • Membership eligibility and product restrictions apply and are subject to change.
  • Earn 5% cash back on up to $3,000 in gas and military base purchases annually on these categories combined.
  • Earn 2% cash back on up to $3,000 in supermarket purchases per year.
  • Earn 1% cash back on all other purchases with no cap.
  • Redeem your cash rewards anytime using your mobile device or computer.
  • Enjoy no foreign transaction fees when you travel outside of the United States.
  • Special Benefits for Military: Deployment/PCS rate: Get 4% APR on all balances for up to 12 months during deployment or PCS. After 12 months, the regular APR, currently between 12.40% and 26.40%, will apply. This rate will vary with the market based on the prime rate.
  • Security Benefits: Chip card technology has added security when used at a chip-enabled terminal and greater acceptance worldwide. You are not liable for unauthorized purchases. Get account balances and transaction history by sending a text message. Access your account on usaa.com or from a mobile device.
 

 Card Rating

 Credit Needed

 Good

 
  • Earn a new cardmember bonus of $150 after you spend $500 in net purchases on your card within the first 90 days of account opening.
  • 3% cash back on all cellular, gas and office supply store net purchases
  • 1% cash back on all other net purchases
  • No cap on total rewards and they never expire!
  • Plus, a 25% Annual Cash Rewards bonus, up to $250
  • No annual fee*
  • Net purchases are purchases minus credits and returns
 

 Card Rating

 Credit Needed

 Excellent

 
These quotes are from credit card issuers which have paid for a link to their website. Offers are subject to change without notice and may not be the same for all consumers.
Cash Back Rewards

In the days before cash back rewards, credit cards often came with sizable annual fees and no spending bonuses. But it only takes a quick look at today's best cash back credit cards to know that those days are over.

As easy as these offers may make it seem to earn while you spend, it's still important to pay close attention to the terms of your credit agreement. Cash back credit cards can be great for your personal finances when used cautiously, but the deals might come with certain conditions that could negate your rewards if you aren't careful.

How cash back credit cards work

It might sound crazy to hear that you can earn money by spending it, but cash back rewards credit cards really can transform your monthly expenditures into extra cash. Here are some of the ways that cash back credit cards pay you for spending:

  • Percentage points - Most cash back rewards credit cards use a percentage system to determine how much cash you'll get back. The base rate for these reward percentages is usually between .25 and 1 percent, although better rates may be available under restricted conditions.
  • Cash back bonuses - A few of the cash back credit cards on the market offer you extra incentive to spend early. Often, reward amounts of $100 to $200 can be earned for spending $500 to $1000 in the first few months of owning your card.
  • Purchase categories - Several of the cash back rewards credit cards available today let you to choose a few purchase categories -- groceries, restaurant dining, gas and others -- in which you get a percentage increase in your cash back. Credit cards with category provisions can give as much as 5 percent cash back on purchases in your chosen categories.
  • Partner programs - Credit companies sometimes coordinate their cash back credit card promotions with particular retailers, restaurants, and charitable organizations. In these cases, you can get higher percentage rates or other extra rewards by using your cash back credit card at these partner businesses.

Unlike points credit cards, cash back credit cards typically require no action on your part to redeem your rewards. Most cash back rewards credit cards will simply credit your account at the end of the month, year or fiscal quarter.

How to take advantage of cash back rewards credit cards

There are a few ways to get the most out of your cash back credit card. All of these strategies require a certain amount of patience and financial discipline, but the payoff can be big if you handle them right.

One quick and fairly safe way is to build your savings until you can afford a big-ticket item, such as a car or a piece of high-tech equipment. Then, open a cash back credit card with a spending limit high enough to cover your purchase and charge it, reaping the cash bonuses while being able to pay down your balance that same month.

A way that's longer-term and slightly riskier would be to open a cash back rewards credit card just before you're prepared to allow yourself to take on an amount of debt. The holiday season is a great example, or the beginning of a college semester. Then use the card to make your necessary purchases and pay the balance down in time to avoid letting interest cut into your rewards.

The simplest way -- using your rewards card for everyday purchases and making regular payments each month -- can also earn you significant gains. This is especially true if you use the card in ways that increase your reward percentage, such as those listed above, and pay careful attention to your month-to-month balance. By doing this, your cash back rewards credit card can pay you back on your spending year after year.

Disclaimer: Because rates & offers from advertisers shown on this website change frequently, please visit referenced sites for current information. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise.