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How to Choose a Cash Back Credit Card

The Benefits of Cash Back Credit Cards

 

 

 

 

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Cash Back Credit Cards Better Business Bureau Reliability Seal

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.

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2018

Cash Back Credit Card Reviews

5 stars
TopConsumerReviews.com Best-In-Class Blue Ribbon Award

USAA Cash Rewards® American Express® Card

USAA Eligibility Requirement: Today, USAA membership is only open to U.S. military service members, veterans who have received a discharge type of Honorable, and their eligible family members.
Read More... Visit Site

3 stars

USAA Preferred Cash Rewards Visa Signature®

USAA Eligibility Requirement: Today, USAA membership is only open to U.S. military service members, veterans who have received a discharge type of Honorable, and their eligible family members.
Read More... Visit Site

3 stars

USAA Cashback Rewards Plus American Express® Card

USAA Eligibility Requirement: Today, USAA membership is only open to U.S. military service members, veterans who have received a discharge type of Honorable, and their eligible family members.
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2 stars

READYdebit® Visa Prepaid Card

Instant Account Number - A Great Card for your Money.
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Continued from above

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!

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.

 

The Best Cash-Back Credit Cards in March

This article was updated June 18, 2018. Making purchases can be fun, but paying for those purchases generally isn't. A cash-back credit card can take some of the pain away. If you choose your credit card(s) wisely, you can reap significant financial rewards.

Published:  Mon, 18 Jun 2018 07:37:00 GMT



7 Top Credit Cards for Amazon Cash Back

This article was updated on June 18, 2018. Amazon.com strives to be the e-commerce destination where consumers can find and discover anything they want to buy online.-- Jeff Bezos This card is only for Amazon Prime members, with Prime membership ...

Published:  Mon, 18 Jun 2018 07:35:00 GMT



The best cash back credit card if you don't have a great credit score

Most cash back cards require you to have good-to-excellent credit, meaning a credit score of 700 to 850, but some offer great rewards for those with lower scores. One card stood out as the best choice for those with average credit. While it doesn't quite ...

Published:  Fri, 15 Jun 2018 10:24:00 GMT



Amex's new Cash Magnet card is here - but there's a better cash-back card for your wallet

Business Insider may receive a commission from The Points Guy Affiliate Network. On June 14, credit card issuer American Express announced a new cash back card, the American Express Cash Magnet Card. The no-annual-fee card offers unlimited 1.5% cash back ...

Published:  Fri, 15 Jun 2018 07:01:00 GMT



Privacy's virtual credit card service adds cash back for online transactions

Privacy launched its free service that allows shoppers to use virtual "burner" cards for all your online transactions - making your financial details anonymous on the internet. On Tuesday, June 12, the company officially launched a cash-back program ...

Published:  Wed, 20 Jun 2018 01:34:00 GMT



Not just credit cards: More retail apps are offer ways to get cash back

NEW YORK - Cash back is not just for credit cards. More apps and websites are offering ways to earn money on the stuff you buy - as long as you're willing to sign up and make a few taps or clicks. Groupon, RetailMeNot and others work with restaurants ...

Published:  Sat, 16 Jun 2018 05:16:00 GMT



Not just credit cards: More apps offer ways to get cash back

NEW YORK (AP) _ Cash back is not just for credit cards. More apps and websites are offering ways to earn money on the stuff you buy _ as long as you're willing to sign up and make a few taps or clicks. Groupon, RetailMeNot and others work with ...

Published:  Sun, 17 Jun 2018 08:46:00 GMT



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