TopConsumerReviews.com
Home About Us Terms Privacy Policy Contact Us Disclosure

Home  >  Cash Back Credit Cards

Your Information Is Secure
Credit Cards: The Lowdown Newsletter

Latest Reviews

Diamonds

Depression

Living Trusts

Living Wills

Name Change Services

Scabies

Sell Diamonds

Shingles

Skin Tags

 

Related Articles

How Cash Back Credit Cards Compare

How to Choose a Cash Back Credit Card

The Benefits of Cash Back Credit Cards

 

 

 

 

Get Out Of Debt Today With Natinoal Debt Relief!

 

 

 

Whiten Your Teeth With NovaWhite Today!

Cash Back Credit Cards Better Business Bureau Reliability Seal Privacy Guarantee Seal

Like us on FB

Choosing the right cash back credit card can allow you to earn money on both big and small purchases - cash that you can use however you like, and whenever you want.

Many cash back credit cards exist today that compete for your business. These cards pay you a percentage back on all purchases, and some give additional rewards from specific retailers. Some of the savviest money managers use cash back credit cards for all of their purchases. They pay off their balance each month, and take their cash back rewards to the bank.

When looking for the right cash back credit card, you need to consider several factors. Some of these include:

  • Grace period. If your plan is to earn cash back on purchases and avoid interest charges by paying off the balance each month, you'll want to consider how much time you have to pay off your balance before it starts accruing interest charges.
  • Interest rates, penalties and annual fees. If you plan on carrying a balance on your cash back credit card, you'll want to make sure you get the best interest rate possible. You'll want to understand the penalties and whether the credit card charges an annual fee.
  • Perks. Not all cash back credit cards provide the same level of rewards program. If you're looking for cash back, make sure you understand how the rewards are calculated, if they expire, and how much money you can expect to earn on your purchases.

TopConsumerReviews.com has reviewed and ranked the best cash back credit cards available today. We hope these reviews help you find the best cash back credit card to help your bottom line!

Disclosure: We pay our reviewers and we are compensated for our reviews. Click here for details.

Cash Back Credit Card Reviews

5 stars
AccountNow® Prepaid Visa® Card

AccountNow® Prepaid Visa® Card TopConsumerReviews.com Best-In-Class Blue Ribbon Award

The AccountNow® Prepaid Visa® Card, issued by The Bancorp Bank, is a checking account alternative that comes with a 100% approval rate. Cardmembers aren't subjected to credit checks, overdraft fees bounced checks or a minimum balance. Membership allows fast and easy access to your money. The AccountNow® Prepaid Visa® Card allows you to fully benefit from purchase rewards. You'll be eligible to receive special offers from merchandise that can be used for cash back. Plus, a referral program rewards members and their friends who sign up for an AccountNow® Prepaid Visa® Card. Apply now!! Read More... Visit Site

4 stars
Account Now Gold Visa® Prepaid Card

Account Now Gold Visa® Prepaid Card

The AccountNow Gold Visa® Prepaid Card, issued by The Bancorp Bank, is a prepaid card that is an excellent checking alternative. You only have to pay an average participation fee, which can be waived. Cardholders enjoy no late or overdraft fees and no minimum balance. Overall, this is a good option if you want a card with the convenience of a bank account and the privilege of a gold card. Read More... Visit Site

4 stars
USAA Cash Rewards® American Express® Card

USAA Cash Rewards® American Express® Card

The USAA Cash Rewards® American Express® card, issued by USAA Savings Bank, earns you fast rewards on everyday expenses. Earn up to 2.25% cash back on gas and groceries, as well as up to 1.25% cash back on all other purchases. What's more, you won't have to worry about yearly caps or limits on the amount of cash back you can earn. Enjoy your cash back earnings to the fullest with potentially low interest rates, no annual fee, and no minimum finance charge. Get your cash rebates every January and get started on great savings with the USAA Cash Rewards® American Express® card. Read More... Visit Site

3 stars
Barclaycard® Ring MasterCard®

Barclaycard® Ring MasterCard®

The Barclaycard® Ring MasterCard® is low-APR MasterCard designed by the person that knows your finances best – you! With this versatile card, you choose your own card features and enjoy a low, variable 8% APR on purchases and balance transfers … this is not an introductory APR, but your actual low-cost APR! Plus, you'll pay NO annual fee, and there's no transaction fee to transfer balances from your existing credit cards to your new Barclaycard® Ring MasterCard®. You'll also earn rewards through the brand-new Giveback program, where Barclaycard Ring cardholders receive cash back for positive performance! You'll have exclusive access to the Barclaycard® Ring MasterCard® online community, where you can vote on the features your card delivers – as well as learn more about personal finance from Barclaycard AND other card members! Choose the card that fits your finances today … the Barclaycard® Ring MasterCard®! Read More... Visit Site

How Cash Back Credit Cards Work

Every time you swipe your card, the store merchant must pay the credit card company a small fee or a percentage of the sale. A portion of this fee is given back to the consumer in the form of a cash back reward. Cash back cards encourage consumers to use their credit cards for everyday purchases and the credit card company benefits from the store fees and passes some of the money back to the consumer.

Every card has a different system for how you redeem and receive your rewards. Some are automatically applied to your statement or are sent in the mail. With other cards, you must manually redeem your rewards (usually on the credit card website). Some offer money back on a monthly basis while others may send the cash back at the end of the year. Some other credit cards require a minimum balance to be released before you earn your rewards. Typically customers will receive the money back as a credit on their account or as a check or cash card in the mail.

Most of credit cards keep track of your cash back rewards with a point system (or something similar). For example, some cards may give you two points for every dollar spent on groceries. 1000 points may equal $10 in cash back. So if you spent $500 dollars on groceries, you would be eligible for $5 back. Often credit card companies have partnerships with other larger companies. Making a purchase from a store that has a partnership with your credit card company would mean a higher percentage of cash back rewards from that purchase. This might mean that different stores offer more or less points for purchases made there.

Another way cash back credit cards are able to offer rewards are from annual fees and interest accrued. While some credit cards have no annual fee, often cash back cards with bigger reward packages have some type of annual fee. Make sure your rewards are going to offset the annual fee you may be required to pay. You want to use the card to your advantage. Cash back rewards cards have higher interest rates than most other cards to help offset the reward costs. It is important to remember to pay off your purchases on a monthly basis to avoid high interest charges. This will allow you to enjoy the benefits and while paying little to no interest on purchases. Those that carry a balance from month to month will end up owing far more in interest charges than what they will receive as rewards

Always pay attention to the fine print. Many customers rush to sign up for a card that offers 5% back on all purchase, but miss the part about it being an introductory offer. While this is a good incentive and one to consider, make sure you think about how the card and its benefits will look for you long term.

 

 

 

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us