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2019

Cash Back Credit Card Reviews

What are the best Cash Back Credit Cards? 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.

The Best Cash Back Credit Cards

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.

The Best Cash Back Credit Cards

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 to Work Your Cash-Back Credit Cards for Maximum Rewards

A cash-back credit card earns you a percentage of money back from your spending with the card. You can earn anywhere from 1% to 5% back from every purchase. To get your cash, you may have to reach a c...

Published:  Mon, 21 Jan 2019 16:05:00 GMT



This 1 Tip Will Help You Maximize Your Credit Card Rewards

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Published:  Tue, 15 Jan 2019 06:44:00 GMT



Capital One's business cards have limited-time sign-up bonuses this January - get up to $2,000 cash back or 200,000 miles

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Published:  Wed, 16 Jan 2019 09:18:00 GMT



Best Cash Back Credit Cards of January 2019

At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Many or all of the products featured here are from our partners. Here's how we make mone...

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Best rewards credit cards for each type of traveler

"Earning points and miles through credit cards can save you huge money on booking travel, but if you aren't willing to invest the time and effort to learn how to maximize your rewards, a cash-back car...

Published:  Tue, 22 Jan 2019 04:25:00 GMT



Betty Lin-Fisher: Retailer's no-cash policy surprises woman with no credit card

She has no credit or debit card and has no desire to use one ... Customers would get a monthly statement that could be paid in the stores or mailed back - with cash or check, but if cash, preferably e...

Published:  Fri, 18 Jan 2019 14:26:00 GMT



Things to do Before Choosing the Right Credit Card

Personally, opt for cash back cards that allows you to use them any and everywhere. 5. Interest Rates The word interest rates have always horrified us. Be it EMI's or loans, lowest interest rates are ...

Published:  Sat, 12 Jan 2019 04:22:00 GMT



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Credit card offers arrive all the time, offering a dizzying array of perks and promises. From balance transfers and cash back to low introductory rates and travel rewards, it's easy to get lost in the ...

Published:  Tue, 22 Jan 2019 12:51:00 GMT



An Easy Way To Turn Unused Gift Cards Into Cash

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Published:  Thu, 17 Jan 2019 20:01:00 GMT



Best Cash-Back Credit Cards With No Annual Fee

4.5 stars We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. A cash-back credit card leader with a ...

Published:  Fri, 11 Jan 2019 15:52:00 GMT



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