Cash back credit cards are one of the most popular types of rewards credit cards in the U.S. and if you are looking for a cash back credit card that offers exceptional rewards, you've come to the right place. The demand for good to excellent credit customers is so high right now that banks are offering some of the most lucrative offers in years. Whether you are single or married, like to shop in department stores or online stores, or want to save money on gas and groceries, you will be spoiled for choice with our top picks. Here, we'll list the best offers at GET.com and tell you why we picked them. Many of these cards give you a response within 60 seconds when you apply online.
You could turn $200 into $400 with Cashback Match™. We'll automatically match all the cash back you earn at the end of your first year. New cardmembers only.
Advantages of Discover it® Cashback Match™:
Downsides of Discover it® Cashback Match™:
Discover it® Cashback Match™ is a card that packs an awful lot of perks and competitive benefits that make it stand out from the other cash back cards in America, which is why we named it as our best for earning twice the rewards with Cashback Match and 5% cash back on quarterly changing categories.
Get a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
Advantages of Chase Freedom®:
Jan - Mar: Gas stations and local commuter transportation.
Apr - Jun: Grocery stores and wholesale clubs.
Jul - Sep: Restaurants and wholesale clubs.
Oct - Dec: Holiday shopping.
Downsides of Chase Freedom®:
Chase Freedom® is a top-notch card when it comes to great 5% quarterly rotating categories of spending.
0% Introductory APR for 12 billing cycles for purchases AND for any balance transfers made in the first 60 days
13.24% - 23.24% Variable APR on purchases. 13.24% - 23.24% Variable APR on balance transfers
No annual fee
Advantages of BankAmericard Cash Rewards™ credit card:
Downsides of BankAmericard Cash Rewards™ credit card:
We love BankAmericard Cash Rewards™ credit card for its high cash rewards for gas and grocery store spending and its no annual fee. See Terms.
0% intro APR on balance transfers for 18 months
13.24% - 23.24%* (Variable)
Advantages of Citi® Double Cash Card – 18 month BT offer:
Downsides of Citi® Double Cash Card – 18 month BT offer:
Citi® Double Cash Card – 18 month BT offer makes it easy for people who want a card that is fuss-free and yet offers cash back twice. There are no limits on the amount of cash back you can earn and you don't need to enroll in any bonus categories. The possibility of a price refund should Price Rewind find a better online deal for your purchased item is a deal sweetener!
0% on purchases and balance transfers for 12 months
$95 ($75 if your application is received by 8/3/16)
Advantages of Blue Cash Preferred® Card from American Express:
Downsides of Blue Cash Preferred® Card from American Express:
Blue Cash Preferred® Card from American Express is great for families as it offers a high cash back rate for purchases at grocery stores, gas stations and select department stores. It's good to note that the signup bonus is more than the $95 annual fee ($75 if your application is received by 8/3/16).
0% intro APR for the first 12 months on purchases and 0% introductory APR for the first 12 months on balance transfers made within 45 days of account opening.
15.24%, 19.24% or 23.24%* Variable
Advantages of Barclaycard CashForward™ World MasterCard®:
Downsides of Barclaycard CashForward™ World MasterCard®:
Barclaycard CashForward™ World MasterCard® is an ideal card to use if you want a simple, hassle free way to earn cash back on all your purchases while paying no annual fee.
0% Intro APR for 15 months from account opening on purchases and balance transfers
Advantages of Chase Freedom Unlimited℠:
Downsides of Chase Freedom Unlimited℠:
Chase Freedom Unlimited℠ is uncomplicated and lets you earn a good flat rate of cash back on all your purchases while paying no annual fee.
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, why not use cash back credit cards so that you can save more money? You could also get additional cards for your family members so that they too can 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.
Cash back rewards programs are similar to other rewards programs. You usually earn points of some kind, which can then be redeemed for statement credit or even as cold hard cash in the form of a check or a deposit into your checking or savings account.
Here you can find the main differences and benefits offered by some of the most popular cash back programs in the US.
This program is used by Chase cash back cards like Chase Freedom® and Chase rewards cards like Chase Sapphire Preferred® Card. The cash back you earn is actually earned as Chase Ultimate Rewards® points, which you can then redeem for cash back at a rate of 1 point per 1 cent (100 points per $1).
You can choose to redeem your cash back for statement credit or for a direct deposit (minimum of 2,000 points needed to redeem). A nice perk is that you can combine the rewards you've earned on several Chase credit cards that earn Chase Ultimate Rewards® points.
If you have a cash back card from Discover, then this is the cash back program you use. Any Cashback Bonus you earn will be credited to your Cashback Bonus account within two billing periods.
This flexible program does offer a lot. It lets you redeem any amount of Cashback Bonus, anytime.
You can also use Cashback Bonus to pay at checkout on Amazon.com or redeem it for gift cards. You can redeem your Cashback Bonus for higher value gift cards from Discover partners, so redeeming for gift cards is one of the best ways to get more value from this program.
Alternatively you can redeem cash back as donations to charitable organizations. All things said, this is a very flexible cash back program.
This is the cash back currency you earn when you use American Express cash back cards like Blue Cash Preferred® Card from American Express.
You earn Reward Dollars, which are points Amex uses to track your cash back. You can redeem cash back as statement credit, but not as a bank deposit. Reward Dollars must be redeemed for cash back in $25 increments.
You can also redeem Reward Dollars for gift cards, and you can get good value redeeming this way, especially when discounted gift cards are available on the Reward Dollars website. You can also redeem cash back for merchandise.
If you like cold hard cash, this is a very rewarding cash back program to use. You earn cash rewards using cash back credit cards from Bank of America. You can redeem your cash rewards for statement credit, or as a deposit into a Bank of America® checking or savings account (or a Merrill Lynch Cash Management Account).
Redeeming your cash rewards into a Bank of America® checking or savings account lets you earn a 10% customer bonus. So $200 worth of cash rewards redeemed as a deposit into your eligible Bank of America® checking or savings account will give you $220.
If you have enough savings, you may be eligible to enroll in the Bank of America Preferred Rewards program. This additional program lets you get a higher customer bonus when you redeem your cash back into a Bank of America® checking or savings account.
The Gold tier applies if you have an average combined balance of $20K to $50K in your eligible Bank of America® checking or savings account over a 3-month period. If you qualify for the Gold tier, you will earn a 25% rewards bonus instead of the usual 10% on eligible Bank of America credit cards. That means if you redeem $200 worth of cash rewards as a deposit into your Bank of America® checking or savings account, you can get $250.
The Platinum tier applies if you have an average combined balance of $50K to $100K in your Bank of America® checking or savings account (in a 3 month period). You earn a 50% rewards bonus on eligible Bank of America credit cards when you redeem cash rewards into your Bank of America® checking or savings account. So $200 of cash rewards could give you $300.
The Platinum Honors tier is not for everybody. You need a 3-month average combined balance of over $100K in your Bank of America® checking or savings account to be eligible. But if you have that kind of money, this tier is very rewarding. You can get a 75% rewards bonus when you redeem your cash rewards from eligible Bank of America credit cards as a deposit into your Bank of America® checking or savings account. That means $200 worth of cash rewards becomes $350 when you redeem them this way.
How We Rate Cash Back Cards
Cash back cards are rated by GET.com based on bonus offers, cash back categories, maximum cash back you can earn and card fees. Our goal is to provide you with a clear picture of how a card performs compared to other similar cards.
We look at how cash back is earned and redeemed, how much cash back is worth in actual cash value, and whether cash back can be redeemed in different ways. We place a high emphasis on cards that let you earn cash back in popular categories like gas, groceries and restaurants.
Other important factors that feature in our card ratings are the presence or absence of caps on cash back earnings, whether or not cash back expires, and whether cash back is earned in fixed or changing categories. The annual fee, ongoing APR, introductory APR period, card benefits and other card fees are also accounted for.
updated Jul 22, 2016
Katrina Gutierrez is a writer at GET.com, a lifestyle and personal finance website. Email: firstname.lastname@example.org.
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Cards are rated by our team based primarily on the basis of value for money to the cardholder. The GET.com team rates each card based on its annual fee, rewards, benefits, bonus, introductory APR, ongoing APR, flexibility (in how its benefits can be used and how rewards are earned and redeemed), and other card features.