Best Cash Back Credit Cards in the U.S.

Best Cash Back Credit Cards in the U.S.

Best Cash Back Credit Cards

Best Cash Back Credit Cards

(MP) Did you know you could earn an extra $50 per month by using the best cash back credit cards. That equates to an extra $600 per year for doing something we do everyday which is spend money. When used properly cash back credit cards help you practice responsible spending while earning a little extra for your efforts.

Let’ face it, the days of earning 5% cash back for purchases is almost a distant memory. But smart use of your plastic can still get you 1% or even 2% returns on purchases. It only entails looking hard enough to find companies with rebates that allow you to earn while spending. Rewards programs can be deemed worthwhile, if you avoid interest charges and late fees by paying your bills on time – in full – every single month.

Cash Back Credit Cards Reviews

1. Discover it®

Best Cash Back Credit Cards

To my surprise the Discover it® still offers a great package of 5% cash back in bonus categories with no annual fee. Plus they come with perks that are typically only found on expensive, high-fee cards. The thing is you’ll earn 5% money back in categories that change every quarter, up to $1,500 spent, plus an unlimited 1% elsewhere. You also receive purchase and return protection at no cost, and a full 14 months of 0% interest on balance transfers and purchases. And when it comes to fees, the $0 annual fee is just the beginning: There are no foreign transaction fees – key if you go abroad – and your first late payment fee is waived. So get excited: 5% is back with the new Discover it® cash back credit card!

Purchase Intro APR: 0%

Purchase APR Intro Period: 14 months

Balance Transfer Intro Period: Until 2/22/2016

APR: 10.99%- 22.99%

Annual Fee: 0%

Foreign Transaction Fee: 0%

Credit Needed: Excellent

2. Citi Double Cash Credit Card

Best Cash Back Credit Cards

The Citi®Double Cash Card as far as plastic goes – combines simplicity with value. You not only earn 1% when you make purchases, you also get 1% back when you pay bills off. And it takes the “no fuss” concept even further: $0 annual fee and no need to worry about earning caps, because there are No Caps and No Category Restrictions. The card offers 0% on purchases and balance transfers for 15 months, and then the ongoing APR of 12.99% – 22.99% (Variable). The Citi®Double Cash Card keeps it real and how any smart shopper can live without it is beyond me!

Purchase Intro APR: 0%

Purchases APR Intro Period: 15 months

Balance Transfer Into APR Period: 15 months

Balance Transfer fee: $5 or 3%, whichever is greater

APR: 12.99%- 22.99%

Annual Fee: 0%

Foreign Transaction Fee: N/A

Credit Needed: Excellent

Best Cash Back Credit Cards

3. Chase Freedom Card

The Chase Freedom was named the Best Card for Cash Back by MONEY® Magazine. This card offers a rewards program similar to Discover it with quarterly rotating categories that earn as much as 5% cash back. Unlike the Discover it card, however, the Chase Freedom card includes a sign-up bonus. But watch out, the Chase Freedom has a foreign transaction fee.

Sign-up Bonus: $100 or $200 (limited time only)

Purchase Intro APR: 0%

Purchase APR Intro Period: 15 months

Balance Transfer Into APR Period: 15 months

APR: 13.99%- 22.99%

Annual Fee: 0%

Foreign Transaction fee: 3%

Credit Needed: Excellent/Good

Best Cash Back Credit Cards

4. Blue Cash Everyday® American Express Card

Blue Cash Everyday gives you 3% money back at US supermarkets and 2% at US gas stations; 2% money back at select US department stores. Your money is earned in reward dollars. While there is no annual fee for the “Blue Cash Everyday,” there is a cap on supermarket purchases of $6,000 per year. And after you spend $1,000 in purchases during your first 3 months, you’ll receive $100 in the form of a statement credit. The American Express Blue Cash Everyday Card is considered one of the best cash back credit cards with no annual fee that rewards day-to-day purchases. Terms and limitations apply!

Sign-up Bonus: Get $150 back after you spend $1,000 in purchases during your first 3 months. You will receive $150 back in the form of a statement credit.

Purchase Intro APR: 0%

Purchases APR Intro Period: 15 months

Balance Transfer Into APR Period: 15 months

APR: 12.99%- 21.99%

Annual Fee: $75

Foreign Transaction fee: N/A

Credit Needed: Excellent

Best Cash Back Credit Cards

5. Chase Ink Cash Business Card

If your business is looking for a new rewards card, look no further than the Ink Cash® Business Card. One of the best business cash reward plastics on the market, it offers 5% return on up to $25,000 in spending on office supply store purchases and cable/telecom services. It also gives 2% return on the first $25,000 spent at gas stations and restaurants combined, and 1% back on everything else. In case that’s not enough – they have a sign up bonus: Earn $200 bonus money back after you spend $3,000 on purchases in the first 3 months from the account opening.

Sign up Bonus: $200

Purchase Intro APR: 0%

Purchases APR Intro Period: 12 months

Balance Transfer Into APR Period: 12 months

APR: 13.24%- 21.99%

Annual Fee: $75

Foreign Transaction Fees: Yes

Credit Needed: Excellent

Other Cards: They also have the “Ink Plus Card” that offers even more!

Best Cash Back Credit Cards

6. Capital One Quicksilver Cash Rewards

Don’t want to bother with rotating quarterly categories? The Capital One Quicksilver Cash Rewards will get you 1.5% return on your money for all purchases, and that’s everyday. There is no limit to the amount of money you can earn, and no minimums to redeem your money. Their rewards don’t expire, either! You can get your money in the form of an account credit, check, or gift card. There is no annual fee too.

Sign-up Bonus: There is a sign up offer of $100 money bonus after you spend $500 on purchases within the first 3 months.

Purchase Intro APR: 0%

Purchases APR Intro Period: Until 2016

Balance Transfer Intro APR: 0%

Balance Intro Transfer Period: Up to 02/2016

APR: 22.99%

Annual Fee: 39%

Credit Needed: Fair

Best Cash Back Credit Cards

7. Fidelity Investments Rewards Card

The Fidelity Investment Rewards Card offers a simple program for earning points on everyday purchases without limits or rotating categories. There are no special spending categories; you earn two points on all purchases, and you can redeem for cash straight into your account rather than just a credit statement. You’ll need a Fidelity account for this card, whether investment or just banking. You can choose to redeem your points as money deposits into your Fidelity account, or you can redeem them through the WorldPoints program for airline travel, gift certificates, cash, car rentals, or hotel stays. If you choose automatic deposit, $50 will be deposited each time you make $2,500 in purchases.

Sign-up Bonus: $0

Purchase Intro APR: 0%

Purchases APR Intro Period: 7 months

Balance Transfer Intro APR: $10 or 4%, whichever is greater.

Balance Intro Transfer Period: Up to 02/2016

APR: 13.99% and varies with the prime rate.

Annual Fee: 0%

Foreign Transaction Fee: 1%

Credit Needed: Excellent

Best Cash Back Credit Cards

8. BankAmericard Cash Rewards™ Card

BankAmericard Cash Rewards™ is among the best of the reward programs. While it might not have the same potency as other plastic we’ve reviewed, it can still get you a straight 2% at grocery stores and 3% on gas purchases on up to a combined $1,500 per quarter, and 1% on every other purchase. The power comes with the 10% to 75% rewards bonus you can get when you redeem your rewards at Bank of America checking, savings, or eligible investment accounts. As a Bank of America® customer, a 10% bonus is credited to your reward earnings every time redeemed money is put into a Bank of America checking or savings account.

Sign-up Bonus: $0

Purchase Intro APR: 0%

Purchase APR Intro Period: 15 months

Balance Transfer Intro APR: 0%

Balance Intro Transfer Period: 15 months

APR: 12.99% – 22.99% and varies with the prime rate.

Annual Fee: 0%

Foreign Transaction Fee: 1%

Credit Needed: Excellent

Try BankAmericard today!

Don Briscoe
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Don Briscoe

Finance educator, advisor, and leading voice in the global financial literacy movement.Founder and editor of MoneyPacers.com.He lives and enjoys life with his family in New York.
Don Briscoe
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