Credit Card Offers: Cash Back Credit Cards
This week we’re taking a look at which credit cards are the best credit cards for people seeking best rewards credit card. This is part of our Saturday series which we use to bring you the most up-to-date credit card deals. We hope you’ll use this information to choose the best credit cards for you. Other posts in this series include posts onPenFed credit cards, Chase credit cards, Citibank credit cards, Discover credit cards, the Top 8 Balance Transfer cards, the best Low Interest Credit Cards and the top Free Rewards Offers.
Chase Freedom® Visa
Chase Freedom® Visa is a cash back credit card that allows you to get at least 1% cash back on every purchase that you make. However, the reason that people like this credit card is because it comes with the option to get up to 5% cash back on certain spending bonus categories. The categories are common purchase categories such as gas stations, restaurants and Amazon.com. The categories rotate every three months and there are four categories during each period, subject to quarterly enrollment and maximum.
This credit card comes with Chase Blueprint, a program that allows you to select flexible repayment plans that are right for you. There is no annual fee for this credit card.
Blue Cash Everyday from American Express
Blue Cash Everyday® Card from American Express is a great cash back rewards card for people who mostly use their credit cards to pay for daily expenses at places like gas stations, major department stores and supermarkets. That’s because this credit card offers you 3% at US supermarkets, up to $6,000 per year in purchases; 2% at US gas stations & select US department stores. This card also gives you a bit more back in rewards since you can earn 1% cash back on your other purchases. Terms and limitations apply. If you don’t like keeping track of rotating spending categories but still want to get 3% cash back on some of your purchases then this might be a smart choice for your credit card. There are no rotating categories on your cash back earnings and no enrollment required before cash is earned. You receive your cash back in the form of Reward Dollars that can be redeemed as a statement credit. Terms and Restrictions Apply.
This credit card comes with some additional benefits as well. This card offers a 0% introductory APR for 12 months on purchases After that, your APR will be a variable rate, currently 12.99% to 21.99%, based on your creditworthiness. You also have access to travel accident insurance and extended warranties on eligible purchases and more. With this card you will have flexible repayment options. And there is no annual fee. Before you apply review the application page for terms and conditions. Terms and Restrictions Apply.
PenFed Visa Platinum Cash Back Rewards Card
The PenFed Platinum Cash Rewards Visa Card is a cash back rewards credit card for people who do a lot of traveling in the car. That’s because it gives you a full 5% cash back on your gas purchases when you pay at the pump using this card.** Fuel purchases for airplanes and boats receive 0.25% cash back. With this credit card, you also get 0.25% cash back on all other items that you buy.** Your cash rewards are credited to you every month with this card.
In addition to being a good cash back rewards card for gas, the PenFed Platinum Cash Rewards Visa Card is great for people who want a balance transfer credit card and a card that is good for cash advances. This card has a low promotional introductory balance transfer APR of 4.99% for the life of the balance on transfers made from April 1, 2013 through June 30, 2013. That’s a long time for such a low interest rate! After June 30, 2013 the APR for new balance transfers will vary with the market based on the Prime Rate the ongoing rate is currently a low 9.99% APR. This credit card also offers a limited time low introductory variable APR capped at 9.99% APR for purchases and cash advancesthrough June 30, 2014; that’s one of the lowest cash advance rates in the market. After the introductory period for purchases and cash advances the cap will be removed and your APR will vary with the market based on the Prime Rate. There is no annual fee for this card. However, if you do not qualify for free membership with the PenFed credit union then you may need to pay a one-time $20 contribution or $15 membership fee (see PenFed website for details). There is no balance transfer fee for balance transfers made during the promotional period. The fee for balance transfers made after June 30, 2013 will return to 3% (Min. $10 – Max. $250) per transaction. This transaction is subject to credit approval. There are no over-limit fees and no cash advance fees for this cash back rewards card.
TrueEarnings Card from Costco and American Express
TrueEarnings Card® from Costco and American Express is a cash back rewards credit card that is particularly attractive to Costco shoppers who are also travelers. That’s because this card offers you 2% cash back on eligible travel purchases, including at Costco; and 2% cash back on dining at US restaurants. You also earn 3% cash back on gasoline at US gas stations and on gasoline at Costco up to $4,000 per year in purchases, then 1%. You also can get 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 and this credit card then doubles as your Costco membership card. TrueEarnings Card from Costco and American Express comes with a 0% introductory APR on purchases for 6 months. After that, your APR will be a variable rate, currently 15.24%. Cardmembership offers access to benefits such as Global Assist and Purchase Protection* *Underwritten by AMEX Assurance Company. Before you apply review the issuers online application page for terms and conditions and restrictions that apply. Terms and restrictions apply.
Iberiabank Visa Gold
The Iberiabank Visa Gold is a cash back credit card that offers a basic 1% cash back on all of your purchases. This is appealing to people who don’t want to have to concern themselves with rotating categories or varying interest rates when calculating their cash back rewards. There are no limits on how much cash back you can earn and there are no expiration dates for cashing in on your rewards. The Iberiabank Visa Gold credit card comes with a 1.99% intro APR on balance transfers for 6 billing cycles providing you transfer the balance within three months of account opening, after which ongoing variable annual percentage rates for purchases start as low as 9.25%, 12.25% or 15.25%. There is no annual fee for this credit card and it comes with the perk of travel insurance up to $500,000.
Disclaimer: Discover is a paid advertiser of this site.
Reasonable efforts are made to maintain accurate information. See the Discover online credit card application for full terms and conditions on offers and rewards.
Modified on April 25th, 2013 - 3 Comments
Filed under: Credit Cards, Reviews
About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
Related articles...
» PenFed Eliminating Bonus Cash Back on Groceries» What’s Your Favorite Credit Card?
» The Future of the Schwab Visa Cash Back Credit Card, Revisited
» Discover More Cash Back Reward Categories for Spring 2012
» New 0% Balance Transfer Credit Card Offers
» The Future of the Schwab Visa Cash Back Credit Card
» Buying Gift Cards at a Discount
» No Fee Balance Transfers from PenFed
Was this article useful? Please sign up to receive our content via e-mail:
3 Responses to “Credit Card Offers: Cash Back Credit Cards”
Leave a Reply
Top Cards by Category
Earn 100 Reward Dollars after you make $1,000 in purchases in the first three months of Cardmembership.
Bonus Miles: Earn 30,000 bonus miles toward Award Travel after you spend $500 on the Card within the first three months of Cardmembership. Earn As You Spend: Get 2X miles on Delta purchases and 1X miles for all other eligible dollars spent.
Consumer friendly credit card with a great low rate of 7.25% and save on interest charges. No balance transfer fees and no annual fee.
The new Discover it card is out to change the way people think about credit cards. No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And Discover won't increase your APR for paying late.*
The new Discover it card is out to change the way people think about credit cards. No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And Discover won't increase your APR for paying late.*
Consumer friendly credit card with a great low rate of 7.25% and save on interest charges. No balance transfer fees and no annual fee.
Limited Time Offer: Get 25,000 Membership Rewards(R) points after you spend $5,000 in the first three months of Card membership. Enroll and select a qualifying airline to receive up to $200 annually in statement credits for incidental fees, such as checked bags and in-flight refreshments, charged by the airline.
The new Discover it card is out to change the way people think about credit cards. No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And Discover won't increase your APR for paying late.*
- How to Become a Millionaire
- How to Get Out of Debt
- The Best Dollars I've Ever Spent
- How Our Estate Plan is Structured
- How We Paid Our Mortgage In Less than 10 Years
- Money Making Ideas
- How to Manage Your Asset Allocation with Multiple Accounts
- Consumption Smoothing - Save While the Saving's Good
- How to Save on Groceries
- How Much Life Insurance Do You Need?
- Eleven Great Books About Money
- Dave Ramsey is Bad at Math
- Dish Network Customer Service SUCKS
- $8,000 Homebuyer Tax Credit
- Pay Off Mortgage Early or Invest?
- How to Claim the First-Time Homebuyer Tax Credit
- Termite Control: Sentricon vs. Termidor
- How Much Should You Pay a Babysitter?
- Ethanol Blended Gas = Lower Mileage?
- Reduced Credit Limits? Share Your Experience
- $15,000 Homebuyer Tax Credit
- Will Mac OS X Lion Kill Quicken 2007?
- Federal Income Tax Rates Went Down but Your Federal Tax Withholding Increased. Here's Why...
How to save money on insurance
- Working longer: Fallback or fallacy?
- More money, more happiness: Do you think money can buy happiness?
- Overdraft fees soared to $32 billion in 2012
- How do you combat prom inflation?
- How should you choose a bank? Look in the mirror.
- The cost of clean water
- College debt 101
- Is it possible to live debt free?
- How to prepare for a home appraisal
- Home prices are up: good news or bad?
May 8th, 2010 at 12:51 pm
For the American Express Blue Cash card, the 5% cash back kicks in only when you have already spent $6500 on the card for the year. This card may be good for big spenders. For most card holders, they may never get to the 5% level. So, other cards with 2% or 3% cash back on gas and grocery may be better.
March 5th, 2011 at 8:47 pm
Effective March 1, 2011, PenFed will no long offer 2% cash back for supermarket purchases. You will continue to earn 5% cash back on gas purchases made at the pump and 1% on everything else, including your supermarket purchases.
March 19th, 2012 at 1:22 am
The Blue Cash Preferred card by American Express actually has 6% rewards on groceries and 3% on gas and department stores. Much better than the regular Blue Cash except for the $75 annual fee. For some people that spend allot of money on groceries and gas it could be well worth it.