Best Cash Back Credit Cards

Looking for a cash back credit card?

Here’s a list of cards that I have assembled after some research. In general, these are the most easiest cards to get. I’ve found other cards with great cash back rewards, but there requirements are too strict and they weren’t worth it because a card listed here already had similar rewards. These cards should cover your bases in terms of cash back rewards as it contains categories such as groceries, gas, 1.5%-2% on all purchases, to 5% for revolving categories.

Capital One Quicksilver Cash Reward Card

Quicksilver Cash Back Card

 

 

 

  • Fees: None
  • Average Approved Score: 709
  • Signup Bonus: Earn a $100 bonus after spending $500 on purchases in your first 3 months
  • Cash-back Rewards:  1.5% cash back on all purchases
  • Purchase APR: 0% until May 2015, then 12.9%-22.9%

My Opinion:

A great cash back credit card. I use this when people do no accept my Fidelity 2% cash back (american express ) card. Also, 1.5% cash back is pretty high compared to the industry average of 1% cash back.  Note that there are two versions of this capital one card. This one is for people with good/excellent credit. There’s is also the other version which is for people with a lower credit score. The only difference is the other card has a $39 annual fee.

American Express Blue Cash Preferred Card

41ymIXqMPKL._SL500_AA300_

 

 

 

  • Fees: 75$ Annually
  • Average Approved Score: 717
  • Signup Bonus: Earn a $150 bonus after spending $1000 on purchases in your first 3 months
  • Cash-back Rewards: 6% cash back on US supermarkets (up to $6000), 3% cash-back for gas and select US dept. stores, 1% cash-back on everything else’s
  • Purchase APR: 0% APR for 15 months, then 12.99%-21.99%

My Opinion:

This card is a great cash back card for groceries and gas. If you don’t buy groceries or gas, then a 1.5%-2% cash back card may probably be better for your money as the 75$ annual fee is a bit high.

Discover It Card

4170kxhRAJL._SL500_AA300_

 

 

 

  • Fees: None
  • Average Approved Score: 691
  • Signup Bonus: None
  • Cash-back Rewards: 5% cash back on select revolving categories, 1% cash back on all other purchases
  • Purchase APR: 0% intro APR for 6 months, then 10.99%-22.99%

My Opinion:

This is a great credit card for people who first begin using credit cards. One thing Discover does is there is no late fee for your first late payment. They also won’t raise your APR for paying late. The site for discover is also very user-friendly and they also give you a monthly FICO score too. Add the 5% cash back on select categories on and this card is hard to beat.

Chase Freedom Card

37179_F_01_USB FlxPrks

 

 

 

  • Fees: None
  • Average Approved Score: 685
  • Signup Bonus: Earn a $100 bonus after spending $500 on purchases in your first 3 months, Earn a $25 bonus after adding another registered user
  • Cash-back Rewards: 5% cash back on select revolving categories, 1% cash back on all other purchases
  • Purchase APR: 0% APR for 15 months and then 13.99%-22.99%

My Opinion:

This card has a nice sign-up bonus. I believe you get a 25$ bonus if you add another user on the card. I added my sister (and never let her use it) and got a $125 bonus. The 5% cash back on revolving categories is also great. This card is similar to the Discover it card.

Fidelity Investment Rewards Card

fidelity-credit-card

 

 

 

  • Fees: None
  • Average Approved Score: (?) Excellent Credit
  • Signup Bonus: None
  • Cash-back Rewards: 2% cash back on all purchases
  • Purchase APR: 13.99%

My Opinion:

This is one of the two cards that I found with a 2% cash back rewards that are worth it and easy to get. The interesting thing about this card is you need to open an account with fidelity to get the rewards. It’s quick and easy though. So no worries. The only gripe I have heard about this card is it’s overzealous fraud system. Apparently people have stated that this card did not authorize certain transactions because fidelity thought someone was using their card for fraud. Update: I have used this card for 3 months now and I’ve spent over $3000 on this card. I have yet to have any problems except for one vendor not accepting it.

Citi Double Cash Card

200x126xCiti-Double-Cash-Card.png.pagespeed.ic.VfTHj8u7ZH

 

 

 

  • Fees: None
  • Average Approved Score: 712
  • Signup Bonus: None
  • Cash-back Rewards: 1% cash on purchases and then 1% cash back when you pay your bills
  • Purchase APR: 0% APR for 15 months, then 12.99%-22.99%

My Opinion:

This is a new card that just came out within a week of me writing this article. As such, I don’t know what credit score is required. I would assume you would need excellent credit as that’s the usual with 2% cash back cards. I will update this information when I find out. Anyhow, this is an interesting credit card as you don’t get 2% cash back from buying things. Rather you get 1% for your purchases and then the other 1% when you pay off your balance. This card is basically no different than the fidelity american express. One pro might be that it’s accepted in more locations than the american express card. 

 

Note: Average Approved Scores are the Transunion averages from creditkarma.com. Cards with a (?) mean that there were no averages to be found on creditkarma.

Leave a Reply