Cash Back Rewards Credit Cards from Our Partners
Monday, 15th September 2014 (By Joe Taylor Jr.)
- 0% intro APR on purchases & balance transfers for 14 months--then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
- New Freeze ItSM on/off switch lets you prevent new purchases, cash advances and balance transfers. Freeze or unfreeze your account in seconds via our website or mobile app.*
- 5% cash back in categories that change each quarter up to the quarterly maximum when you sign up.* Plus, 1% cash back on all other purchases.
Disclaimer:*These quotes are from credit card issuers which have paid for a link to their website. Offers are subject to change without notice and may not be the same for all consumers.
Find the Cash Back Credit Card with the Most Cash Rewards
Finding the best cash back credit cards
Credit card issuers know that cash lures new customers, while building loyalty with existing customers. That's why you'll see some of the best overall credit card deals from lenders eager to add affluent consumers to their portfolios. The best cash back credit card for you might not necessarily be the one with the highest percentage rebate on daily purchases. Analyze your current bank and credit card statements to see where you spend the most money. For instance, if your commute forces you to fill your gas tank a few times per week, look for a card with extra gas rewards. Some cash rewards cards offer bonuses on restaurant and grocery purchases, while others multiply your earnings at bookstores and movie theaters.
Cashing in on signup bonuses
As Mintel's researchers discovered, a big signup bonus can help you make up your mind about applying for a new credit card. Before jumping in, take the time to stack up your potential cash rewards against the long term costs of your new card. If you normally pay off your balance at the close of each statement cycle, you'll maximize your savings. Otherwise, finance charges and annual fees could eat into your rebates.
Review terms and conditions of your rebate program closely for details about any caps or limitations on your potential new account. Some cash back credit cards advertise large discounts, but bury spending thresholds and rebate limits in the fine print. Earning your signup bonus may also require you to reach a spending threshold over time, usually within the first few months. Plan your purchases to hit your threshold quickly, so you can maximize your earnings all year long.
Earning extra cash back rewards online
While most consumers stop comparing top credit cards after reviewing bonuses and reward levels, frugal shoppers should check out a bank's network of online retail partners. Most lenders now offer bonus rebates and rewards when you follow a special link from their websites to popular shopping destinations. Even though it doesn't sound like a convenient way to start your next online shopping spree, starting at your bank's website could save you between 5 and 20 percent on top of your credit card's usual cash back rewards.
Making the most of seasonal cash back bonuses
Many banks have added special promotions to their marketing arsenals, tying even bigger bonuses to special events and featured purchasing categories. For instance, around the holiday season, some credit card companies may offer up to 5 percent cash back on purchases in department and clothing stores. Other cash back promotions tie in to sponsored sporting events, film festivals, or cultural activities.
In most cases, credit card issuers will require you to sign up for these special offers at the start of each quarter. If you forget to register your 2012 credit card, you won't earn your bonus rewards. Take some extra time to review details of the best credit cards available now, so you don't miss out on your chance to maximize your rebates.
Disclaimer: This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company.