Cash back credit cards are my favorite type of rewards cards. The reason why I like cash back cards so much is because of the fact that simply by using your card, you can earn a percentage of the amount you spend in the form of cash rebates, instead of just points or miles. In essence, this means you are saving on your expenses when shopping with your credit card. Many cash back cards give you as much as 5% cash back when you purchase from supermarkets, gas stations, drug stores, and 1% on all other purchases. You get the cash back either as statement credit or a check after a certain period of time or after a certain amount is reached.

The demand for good to excellent credit customers is so high right now that banks are offering some of the most lucrative credit card offers in years. Here I list our best rated cash back cards, along with the latest offers they have. Many of these cards give you a response within 60 seconds when you apply online.

4.90/Stars

Chase Freedom® is a very popular cash back card issued by JPMorgan Chase (JPM), and it now comes with a high signing bonus. The $100 Bonus is earned after spending $500 on purchases within the first 3 months. You'll also earn a $25 Bonus after you add an authorized user and make a purchase within the first 3 months. This Visa (V) card gives you the opportunity to earn cash back when shopping through Chase’s online mall. You will also earn 5% total cash back for every dollar spent on categories that change every three months (up to $1,500 in combined purchases per quarter), and unlimited 1% cash back on all your other purchases. Earn unlimited rebates that never expire. Benefit from an introductory 0% intro APR for 15 months on purchases and balance transfers. After the intro period there is a 13.99% - 22.99% variable APR on both purchases and balance transfers. This card has no annual fee. Read our review of Chase Freedom® here.

4.40/Stars

The BankAmericard Cash Rewards™ credit card will benefit you most if you spend around $1,500 in combined gas and grocery store purchases each quarter. That's because you earn 3% cash back on gas and 2% cash back at grocery stores on the first $1,500 you spend on combined grocery store and gas purchases every quarter. You will earn 1% cash back for all other purchases. This card has no annual fee and comes with an offer that lets you earn a $100 online cash rewards bonus after you make at least $500 in purchases in the first 90 days of account opening. You don't need to enroll in a rewards program in order to earn cash back, and there are no changing categories so it's easy to estimate potential savings. Cash back does not expire. Redeem cash back as a statement credit or get a 10% customer bonus by redeeming cash back into a Bank of America® checking or savings account. If you're a Preferred Rewards client you can receive an increased bonus of 25%-75%. There is a 0% introductory APR for 12 billing cycles for purchases and for any balance transfers made in the first 60 days, then 12.99% - 22.99% variable APR for purchases and balance transfers. To be eligible for the intro APR period, balance transfers must be made within the first 60 days of account opening. See terms and conditions for more information. Balance transfer fees are 3% of each transaction with a minimum of $10. See Terms.

Read our BankAmericard Cash Rewards™ credit card review to find out more.

4.75/Stars

The most innovative feature of Citi® Double Cash Card is that it lets you earn cash back twice: earn 1% cash back on all your eligible purchases and an additional 1% cash back when paying off your balance (as long as you pay at least the minimum required payment when paying off your balance). You can earn unlimited cash back and you don't need to enroll in any cash back categories. You can redeem your cash back for statement credit, gift cards or checks. There is a 0% intro APR on purchases and balance transfers for 15 months and a 12.99% - 22.99% variable APR thereafter, based on your creditworthiness. No annual fee.

Read our review of the Citi® Double Cash Card here.

4.80/Stars

Discover it® - Double Cash Back your first year. This version of the flagship cash back card from Discover Financial (DFS) offers 0% intro APR on balance transfers and purchases for 18 and 6 months respectively (10.99% - 22.99% variable APR thereafter). It also gives you 5% cash back in categories that change each quarter like restaurants, gas, Amazon.com (and more), and 1% cash back on all other purchases. You earn the 5% cash back up to a quarterly maximum (when you sign up), then 1%. This offer (for new card members only) lets you double all the cash back you've earned at the end of your first year automatically. Earn from 5% to 20% cash back when shopping at Discover's online mall with your Discover it® credit card. Each Discover purchase is monitored, and you will be alerted by phone, text or email if any suspicious transactions are detected. The Freeze ItSM on/off switch lets you freeze or unfreeze your card right on the Discover website or mobile app. A 3% balance transfer fee applies to balance transfers. No annual fee. Read our review of Discover it® - Double Cash Back your first year here.

4.80/Stars

If you want a longer period of 0% APR on purchases, go for the Discover it® - Double Cash Back your first year which offers 0% intro APR on purchases and balance transfers for the first 12 months, with a 10.99% - 22.99% variable purchase APR afterwards. A fee of 3% of the transferred balance applies to each balance transfer (read our review of Discover it® - Double Cash Back your first year here).

4.60/Stars

Blue Cash Preferred® Card from American Express, a GET.com advertiser. This card offers $150 back as statement credit after you make $1,000 in purchases with your new Card within the first 3 months of account opening. Earn 6% cash back on the first $6,000 you spend on purchases at U.S. supermarkets every year. Earn 3% cash back on purchases you make at U.S. gas stations and select U.S. department stores. Your other purchases earn 1% cash back. The ongoing cash back you earn is received in the form of Reward Dollars that can be redeemed as a statement credit. With this card you get a 0% intro APR on purchases and balance transfers for 15 months. After that the variable APR is 12.99% - 21.99% based on your creditworthiness and other factors. Terms and limitations apply. This card has a $75 annual fee. Click here to read our Blue Cash Preferred® Card from American Express review.

4.40/Stars

Blue Cash Everyday® Card from American Express, a GET.com advertiser, is a rewarding cash back card with which you can earn 3% cash back at US supermarkets (up to $6,000 in purchases per year), 2% cash back at select US department stores and US gas stations, and 1% cash back on your other purchases (terms and limitations apply). This ongoing cash back is received in the form of Reward Dollars. With this card you will also get $100 back after you spend $1,000 in purchases on your new Card in the first 3 months, which you will receive in the form of a statement credit. There is no enrollment required to earn cash back and categories don't change throughout the year. Enjoy a 0% intro APR on purchases and balance transfers for 15 months, and then a 12.99% - 21.99% variable APR, based on your creditworthiness and other factors. No annual fee. Terms and restrictions apply.

Read our review of Blue Cash Everyday® Card from American Express.

PenFed Platinum Cash Rewards Visa® Card comes in two editions, the Standard and the Plus. In my opinion, the Plus is the better deal as it lets you earn 5% cash back on gas purchases paid at the pump, while the Standard card only gives you 3%. Both of these Visa credit cards offer a low 4.99% balance transfer APR for 12 months if you transfer a balance to them between January 01, 2015 through January 31, 2015. After that you still enjoy a low variable 9.99% APR on balance transfers. The Standard card has a $0 annual fee for 1 year, after which you pay $25 annually. The Plus card has no annual fee. Both cards have no foreign transaction fee.

Cash Back Card Tips

You may have noticed that each cash back card offers slightly different benefits. Some cash back credit cards may give you up to 5% rebates when you spend on certain categories of purchases each quarter of the year (for example, groceries, gas, home improvement, travel, etc), whereas others may give you a flat cash rebate throughout the year. You might want to consider getting more than one cash back card so that you can get discounts on different types of purchases, and benefit from each card's unique privileges.

Instead of using cash or debit cards to make purchases, I only use my cash back credit cards so that I can make full use of its many benefits. I recommend you get additional cards for your family members so that they can also get cash rebates when they buy household items. All these cash rebates will mean huge savings and discounts for you over time.

Do note that for some cards, the cash back you earn may expire after a certain period of time, or if you don’t spend on your card for a period of time. Some cards may also have a cap on the amount of cash back you can earn each year. If you are a big spender, you should go for cards that don't have any maximum limit on how much you can accumulate.

To see more Cash Back Credit Cards click here.