Find the best cash back credit cards for you

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Cash back credit cards offer you a way to earn cash back on purchases you make when using the card. Some cards offer bonuses on specific spending categories that change each quarter, so you can earn even more. You can earn these cash back bonuses in categories that change just remember you will need to activate or sign-up each quarter to earn cash back in the bonus categories up to the quarterly maximum. Other cash back cards offer solid programs with a consistent cash back earn rate on all your purchases. Take a look at the credit cards that Credit Sesame features from our card partners – if you are a member of Credit Sesame we will do our best to provide the options available from our partners for your credit standing and history so you are more likely to be approved for a card.

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Why choose a cash back credit card?
It really depends on your spending patterns and what card features are important to you. Choosing a cash back card is an option for individuals who want cash back on the purchases you make. The amount of cash back you can earn is a percentage of what you spend on purchases with your card and the percentage offered varies by the issuer and the program they are offering so it pays to shop around. If you don’t mind signing up each quarter for changing categories you may want to take a look at those programs, and there are other cards that offer solid cash back programs without changing categories. You will just need to compare the card features to see which one would best fit your lifestyle.
What is a cash back credit card?
A cash back credit card offers you a way to earn cash back on your purchases. Some cards offer higher cash back rates on certain spending categories such as purchases at grocery stores, or for gas paid at the pump or on changing categories so be sure to compare offers to see which one is the best fit for you. Keep in mind, if you carry a balance, the interest rate for a rewards card is usually higher then what you can get with a card that does not have a rewards program, and some cash back cards may have an annual fee.
What kind of card can I get?
If you have a good or excellent credit, you are more likely to get approved for a card that offers a cash back program. However keep in mind that card issuers look at a variety of factors including your credit score to determine if you are eligible for one of their cards. If your credit score is more in the average or fair range there cash back cards offered to individuals within this credit range, however if you carry a balance the interest rate will probably be higher and there may be an annual fee. So take a look at your spending patterns and the features of the card see if this type of a card makes sense for you.
What are the pros & cons?
To start with the benefits are that you can earn cash back on your purchases, the percentage of cash back you earn will vary depending on the card and may also vary with what you purchase. For example some cards offer different cash back rates for purchases of gas paid at the pump, groceries, dining at restaurants or shopping at certain department stores, while other cards offer a consistent cash back rate for all your purchases. On the downside you may face annual fees and higher than normal interest rates, and to be considered for most cash back cards you will need, at a minimum, excellent credit among other factors.

Cash Back Top 2

Capital One® Quicksilver® Cash Rewards Credit Card

The Capital One® Quicksilver® Cash Rewards Credit Card is one where you can get a one-time $100 cash bonus after you spend $500 on purchases within 3 months of approval. You can earn unlimited 1.5% cash back on every purchase you make. You won’t pay annual fees or foreign transaction fees.

Customer Reviews

Capital One sent me an offer in the mail for the Quicksilver card. After checking the features and benefits, I enrolled, got approved within a week and got my Quicksilver within 2 weeks with $3000 limit (TransUnion 739; Experian 723; Credit Sesame: 742). I really like the free credit score I get from TransUnion every month with this card and I love the benefits and the 1.5% instant cash back.
Nikolas

The Capital One Quicksilver Cash Rewards Card from Capital One is a good card for people with good to excellent credit. They offer no interest until June 2015 if you sign up now which is great. They overall APR is not bad and comparable to other cards for people with good credit. This is a great cash reward card that charges no annual fee and i would recommend it to friends family or anyone in the market for a new credit card.
Edward

Highlights

New cardmembers can receive 0% introductory APR on purchases for 9 months. After that, the variable APR, currently 13.24% to 23.24%, will apply. There is also a 0% introductory APR on balance transfers for 9 months, a 3% fee applies to each balance transfer. After that, the variable APR, currently 13.24% to 23.24%, will apply.

There is no annual fee on the account and no foreign transaction fees when you make purchases overseas. You can earn a one-time $100 cash bonus after spending $500 on purchases within 3 months of approval.

Chase Freedom®

The Chase Freedom® credit card has great benefits for those in the good or excellent credit score range. New Cardmembers can earn a $150 Bonus after spending $500 on purchases in your first 3 months from account opening. There is a 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 14.24-23.24%. Balance transfer fee is 5% of the amount transferred, $5 minimum.

Customer Reviews

I love this card. I pay my card religiously and Chase always has such great employees when I go pay it. The card itself is amazing compared to my other cards. The 5% cash back each quarter in different categories is helpful. I received $200.00 as a sign on bonus for signing up for the card. That was sure helpful. Definitely apply for this card if you have the appropriate credit and intend to pay your bills.
Sasha

With the Chase Freedom card, I actually believe I have freedom in using it. What I love about this card is that you get money back! I can use it to do online shopping, especially Amazon and I am able to get money back every few months. Also, I am able to add my daughter’s high school accounts to my card so any time they need money, I can go to an atm, use my freedom card and transfer money to them without any hassle. This card is worth it!
Stephanie

Highlights

The Chase Freedom card offers 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 14.24-23.24%. Balance transfer fee is 5% of the amount transferred, $5 minimum. The exact variable APR will depend on Chase’s analysis of your creditworthiness, which is determined by your credit score, credit history and other related factors. Keep in mind there is a balance transfer fee.

You can earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories every 3 months like gas stations, restaurants, and wholesale clubs. Unlimited 1% cash back on all other purchases. Cash Back rewards do not expire as long as your account is open. There is no annual fee.

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Related Credit Card Options

Prepaid Cards

The prepaid card offers you a way to make purchases without carrying cash or for making online purchases or at other locations that accept credit cards. The spending is limited to the amount of money you deposit on the card. Some prepaid cards carry fees such as a monthly fee, so as with any card offer it is best to compare and see which card works the best for you.

Secured Credit Cards

Secured credit cards are an option if you are looking for a way to establish or rebuild your credit. The chances of being accepted are relatively high, even with no credit history. With a secured card you deposit money into an account with the issuer and that deposit is used for collateral for the amount of credit the issuer extends to you. The interest rate on a secured card tends to be higher then what you would find with an unsecured card and some carry annual fees, so shop around and compare offers. As with any credit card it’s important to use the card responsibly, how you manage your account, for example, make sure your payments are received and posted on-time, are what establishes and defines your credit information.

Business Credit Cards

If you run a small, medium, or even large enterprise you may need a business credit card. These cards offer different features then consumer cards and can be useful for purchasing business related products and services. Some business cards offer rewards programs, employee cards, discounts at car rental agencies and other incentives that may fit in with your business needs.

Cash Back Credit Cards

Cash back credit cards are a great way to earn rewards on your every day purchases.

Low Interest Credit Cards

If you have good or excellent credit then you may be eligible for a low interest credit card. If you tend to carry a balance and you want your monthly interest payments low this type of card may be a fit for you.

0 APR Credit Cards

If you are carrying credit card debt and are looking to do a balance transfer or are looking to make an expensive purchase then a 0% introductory APR (Annual Percentage Rate) card may be the right choice for you. The introductory rate usually lasts anywhere between 6 to 18 months, sometimes longer depending on the issuer and if used responsibly is a great way to save money on monthly finance charges on your qualifying balances.

Help: Choosing the best cash back credit card

The cash back credit card is another type of rewards credit card where you actually get cash back on your purchases instead of accumulating points. The cash back earned is generally 1% on all combined purchases up to a certain dollar amount, such as $1,500 or $5,000. This dollar amount could be considered on quarterly purchases or yearly purchases depending on the policy of the credit card. There are also higher cash back percentages given in select categories that are chosen by the credit card company. For example, there may be a quarter of the year where all gas purchases will earn you 5% cash back instead of 1% cash back. Then during another quarter the 5% deal might be applied to restaurant purchases. The card issuer will let you know when these special deals are running. Sometimes they may also offer rebate points in addition to cash back offerings. These bonus points can be used to purchase gift cards or gift certificates with your favorite merchants. There are some cards that have no annual caps on your earnings. This means you can build up as many points as you want and receive substantial rewards when you are ready to cash them in.
Many consumers prefer to get cash back instead of just getting points to use towards discounts on hotels and airfare. Cash back credit cards also have much more flexibility as well. There are many different types of cash back credit cards that have different features and deals. The general feature you want to pay attention to are the interest rates. Most of these credit cards will come with 0% introductory APR for the first 12 to 21 months. This means you can make lots of purchases and get cash back without having to worry about interest charges during this time. But then after the introductory period expires you will likely be paying a variable APR of between 17.99% and 24.99%. Cash back and rewards credit cards tend to have higher interest rates than traditional credit cards. The only way to get the lower end of the variable APR is to have a good credit score and credit history. That way you will be more trustworthy in the eyes of the card issuer and so they will give you a lesser percentage. However, if you are somebody who plans on paying off their balance every month then you won’t have to pay any interest rates at all. Then you can just earn cash back by making your normal purchases and not paying anything extra in interest. So if you plan to pay off your balance each month then cash back credit cards are definitely right for you.
Another thing you need to consider with cash back credit cards are the additional fees associated with them. Besides the initial onetime application fee, there could also be an annual fee attached to the policy as well. These fees could range anywhere from $59 to $179. Sometimes they might give you the first year free, but then charge you this fee for every other year. If you don’t plan on making that many purchases with your cash back credit card then these fees will be more than any of the cash back you earn from your purchases. That would make it pointless and more costly to get the card. Therefore, you need to make a lot of purchases in order to make the cash back card worth your while. But if you happen to find a card with no annual fee, definitely go with that one. You should also consider the foreign transaction fees and late fees as well. The foreign transaction fee will be a problem if you are going to frequently travel overseas and make purchases in foreign countries. As for the late fees, these will only be a problem if you plan on making late payments every month. But if you plan on paying your premiums on time then you won’t have to worry about this fee. Again, it all depends on how you plan to manage your debt once you have made purchases with the card.
Overall, cash back credit cards have their perks as long as you don’t create too much debt that you can’t pay back right away. Remember there are usually quarterly limits on the amount of cash back you can receive every month. So if you have a card that only gives you 1% cash back on $1,500 worth of purchases every three months, you need to make sure you don’t spend more than $1,500 in three months. If you do then it will just create more interest charges that will outweigh the mere $15 cash back you will receive. But if there is no annual fee and you pay the balance off every month, then you will be able to put a little extra cash in your pocket each quarter.

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