Tuesday, May 20, 2014

9 best cash back credit cards

9 best cash back credit cards
When you shop with your credit card, you can earn cash back for your purchases.  I personally prefer cash back credit cards since I can use the cash for whatever I want vs. a rewards card that forces you to use it in specific categories (i.e. travel).  I use the Fidelity Investment Rewards American Express Card, which offers 2% flat cash back on all purchases with no annual fee.  The chart below contains the 9 best cash back credit cards.  I haven’t included Annual Percentage Rates (APR) below since you should always pay off your credit card in full each month and that should not be a factor in choosing a card.


Credit card
Cash back
Annual fee
Sign up bonus
How much cash back must accumulate before you can redeem
2% Cash Back on all purchases
No
No
$50
5% back on rotating categories each quarter ($1,500 cap)
1% after you hit the cap and for purchases outside of categories.
No
$100 after spending $500 in first three months
$20
5% back on rotating categories each quarter ($1,500 cap)
1% after you hit the cap and for purchases outside of categories.
No
No
$50
3% Cash Back at Supermarkets ($6,000 cap)
2% at Gas Stations & Department Stores
1% after you hit the cap and for purchases outside of categories.
No
$50 after spending $1,000 in first three months
$25
6% Cash Back at Supermarkets ($6,000 cap)
3% at Gas Stations & Department Stores
1% after you hit the cap and for purchases outside of categories.
$75
$150 after spending $1,000 in first three months
$25
5% back on rotating categories each quarter ($6,000 cap)
1% for purchases outside of categories ($6,000 total cap)
No
$100 after spending $500 in first three months
$50
3% Cash Back on Gas (1,500 cap for gas and grocery stores purchases)
2% on Grocery Store Purchases (1,500 cap for gas and grocery stores purchases)
1% on Everything Else
No
$100 after spending $500 in first three months
No minimum
1.5% on Everything
No
$100 after spending $500 in first three months
No minimum
5% Cash Back in Two Categories of Your Choice ($2,000 cap)
2% in Another Category
1% on Everything Else
No
No
No minimum

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