One of the easiest ways to save money is to to simply pay for purchases using these top cash back credit cards. You can get a full 5% cash back plus a special $75 signup bonus!How much will you earn?
An average card will give you 1%, however the best cash back credit cards will give you up to 5% in various categories, plus up to 1.5% cash back on all other purchases. By simply using one of these cards for all your purchases, you can save hundreds or even thousands of dollars per year!
Best Cash Back Credit Cards of 2010 (sponsored)
This list is updated on a monthly basis with the top cash back credit card reviews. These are the best offers you can get. Compare the pros and cons to find the best one for you:
#1 – Discover More Card
Pros:
- 5% cash back in rotating categories. For 2010 these are:
Jan thru March: Airlines, Hotels, Cruises, Car Rentals
April thru June: Home Improvement Stores, Department Stores, Clothing Stores (plus a bonus category of restaurants for June)
July thru Sept: Hotels, Gas Stations, Theme Parks, Movies
Oct thru Dec: Department Stores, Restaurants, Clothing Stores - Up to 1% cash back on all other purchases
- Get up to a double cash back bonus by simply redeeming your rewards for gift cards instead of cash
- No annual fee
- Special $75.00 signup bonus for CreditCardForum visitors
Whether you use this as your main card or not, this is a must-have credit card. Since it offers 5% on department stores and clothing stores two different quarters (half the year) it’s great for spring and Christmas shopping. The double cashback bonus feature means you can essentially get 10% cash back on these categories. To apply for this no annual fee card check out Discover More
#2 – American Express Blue Cash
Pros:
- 5% cash back at grocery stores, gas stations, and pharmacies
- 1.5% cash back on all other purchases
- No annual fee
- No caps on rewards
- Top customer service and amazing benefits
- The above rewards apply to all spending above $6,500 during a calendar year. For spending below that amount you earn 1% on groceries/gas/pharmacies and 0.5% on everything else.
This is the best cash back credit card on the market if you spend at least $1,500 to $2,000 per month on average. For full details check out our American Express Blue Cash review.
#3 – Chase Freedom Card
Pros:
- 5% cash back in categories that rotate each quarter. For 2010 here’s what you can get:
Jan thru March: Dining, Utilities, Education, Childcare
April thru June: Drugstores, Lawn & Garden, Home Furnishings, Home Improvement
July thru Sept: Gas, Airfare, Hotels, Car Rentals
Oct thru Dec: Grocery Stores, Department Stores, Movies - 1% cash back on all other purchases
- No spending tiers to meet
- No annual fee
The best cash back credit card for these categories. When used strategically the 5% cash back can save you massive amounts of money. For example, one reader said he uses it to pay for his kid’s pricey tuition during the quarter it gives 5% on education. To learn more check out our Chase Freedom Card review
The bottom line is when you use a debit card or run-of-the-mill credit card, it’s like throwing away money because you’re missing out on the higher rewards you can get with the best cash back credit cards. Even the average consumer can easily save several hundred dollars per year by simply using one of these cards. For those with above-average spending, the annual cash back can easily run into the thousands. Apply for a credit card today and start raking up your cash rebate!
