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      April 21, 2018

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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.

Continue reading below reviews

2018

Cash Back Credit Card Reviews

5 stars

Visit Site 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.
  • Earn up to 2.25% cash back on gas and grocery purchases and up to 1.25% cash back for all other purchases.
  • No caps or limits on the amount you can earn.
  • Your cash rebate is awarded every January for the purchases made the previous 12 months.
  • Enjoy variable rates as low as 10.40% APR on purchases, balance transfers and cash advances. This APR will vary with the market based on the prime rate.
  • No annual fee and no minimum finance charge.
  • Chip technology has added security when used at a chip-enabled terminal and greater acceptance worldwide.
TopConsumerReviews.com Best-In-Class Blue Ribbon Award

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3 stars

Visit Site 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.
  • Earn 1.5% cash back on every purchase.
  • Redeem your cash rewards anytime using your mobile device or computer.
  • Special rates are available for military members during deployment or PCS. See terms for additional information.
  • No annual fee and no minimum finance charge.
  • Chip technology has added security when used at a chip-enabled terminal and greater acceptance worldwide.

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3 stars

Visit Site 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.
  • Earn 5% cash back at gas stations & qualifying commissaries on up to 3,000 in annual purchases.
  • Earn 2% cash back on groceries from supermarkets on up to 3,000 in annual purchases.
  • Earn 1% cash back on all other purchases.
  • Redeem your cash rewards anytime using your mobile device or computer.
  • Special rates are available for military members during deployment or PCS. See terms for additional information.
  • No annual fee and no minimum finance charge.
  • Chip technology has added security when used at a chip-enabled terminal and greater acceptance worldwide.

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2 stars

Visit Site READYdebit® Visa Prepaid Card

  • Instant Account Number - A Great Card for your Money.
  • Free† Direct Deposit — Paycheck, Benefit Checks, Tax Refund Checks
  • Easy Online Bill Payment & Mobile Account Access
  • No Purchase Transaction Fees
  • No Risk of Overdraft Fees or Balance Minimums
  • Withdraw Cash at ATMs or Get Cash Back with Purchases
  • Use it Everywhere Visa Debit Cards are Accepted
  • Choose Your Card Color - Blue or Pink

Most Attractive Features:
  • No credit check
Least Attractive Features:
  • Fees and usage limits

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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.

 

How Does a Cash Back Credit Card Work

These credit cards have either a low on-going interest rate, low introductory interest rate, or low on-going fees. Most of these cards also have reasonable rewards programs and additional card perks. Rewards are one of the most requested features in credit ...

Published:  Wed, 18 Apr 2018 08:58:00 GMT



The Best Cash-back Credit Cards for Travelers

Typically, travelers searching for a new credit card have to decide between cards with great rewards (think: airline-branded credit cards, hotel-branded credit cards, and even gas station-sponsored cards) and those with excellent cash-back benefits.

Published:  Wed, 11 Apr 2018 02:30:00 GMT



PenFed's new card pays 2% cash back

The nation's third-largest credit union has just unveiled a credit card that pays 2 percent cash back on all purchases, and charges no annual fee. If you don't mind the legwork, Pentagon Federal Credit Union's offer is a decent one. CARD SEARCH ...

Published:  Sun, 15 Apr 2018 15:14:00 GMT



Should I always use my Costco credit card at Costco

Another flaw with the Costco cards is when you receive your cash back. With these cards, you receive your cash back just once a year, as an annual credit card reward certificate once your February billing statement closes. You can then redeem it for cash ...

Published:  Thu, 19 Apr 2018 05:10:00 GMT



Millennials prefer cash to credit cards and are gun-shy to debt, new study indicates

they won't pay an annual fee for a credit card. Redeeming rewards needs to be as easy as one click for Millennials because they know it's possible and they won't settle for anything that's not digitally up to speed. They want cash back, and they ...

Published:  Thu, 12 Apr 2018 06:01:00 GMT



This Week In Credit Card News: How Thieves Now Steal Company Debit Cards; Mobile Sales Are Booming

The lawsuit said Chase charged both extra fees and substantially higher interest rates on the cash advances than on the credit ... [Reuters] LendingClub Founder Is Back and Wants to Replace Credit Cards LendingClub founder and former CEO Renaud Laplanche ...

Published:  Fri, 13 Apr 2018 14:51:00 GMT



I save my credit card points to book flights in business and first class - here's why I don't use them on coach seats

If you have the Sapphire Preferred card, you can purchase travel through Chase ... a quarter of how many miles or points you would have needed with cash back or a statement credit. In the world of "travel hacking," there's a lot of debate about how ...

Published:  Mon, 16 Apr 2018 12:51:00 GMT



Fine Art of Obtaining a Zero Interest Credit Card

Start with cards that offer longer introductory periods. "The Chase Freedom credit card gives you 0% intro APR for 15 months and provides great cash back rewards," says Nazari. "The Discover it Card also provides 0% intro APR, but for 18 months ...

Published:  Fri, 13 Apr 2018 12:03:00 GMT



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