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This article was last updated Oct 09, 2017, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.
Owning one of the best cash back credit cards is a crucial part of being financially responsible. Many will argue that credit cards are evil but when used properly a cash back credit card can save you hundreds of dollars a year in everyday purchases, which quickly adds up to thousands and tens of thousands of dollars. The caveat of obtaining a great cash back credit card is that it's going to take an excellent credit history to do so.
Below you will find what I feel are the best cash back credit cards available from our partners. Please review these cards carefully and determine which one is right for you before applying. For those with truly excellent credit, you may want to consider applying for multiple offers and racking up the up-front bonuses.
CompareWallet's Best Cash Back Credit Cards
Blue Cash Preferred® Card from American Express – It's been a long time since I've seen a credit card offer such a lucrative rewards package, but the Blue Cash Preferred® Card from American Express is the easy pick for perhaps the best cash back credit card. This card offers an amazing 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). 3% cash back at U.S. gas stations and at select U.S. department stores. 1% cash back on other purchases..
Included is an intro APR of 0% for 12 months on purchases and balance transfers , with an on-going APR of 14.49%-25.49% variable. The slight drawback of applying for the Blue Cash Preferred Card from American Express is the $95 annual fee, but the annual fee is easy to accept because the savings are huge. *Terms and limitations apply.
Blue Cash Everyday® Card from American Express – This card starts off with a $150 statement credit after you spend $1,000 in purchases on your new card within the first 3 months.. You earn 3% cash back at u.s. supermarkets (on up to $6,000 per year in purchases, then 1%). 2% cash back at u.s. gas stations and at select u.s. department stores. 1% cash back on other purchases.. There's a nice intro APR on purchases and balance transfers is, and the ongoing rate is a very reasonable 14.49%-25.49% variable. The big benefit is, unlike the Blue Cash Preferred® Card from American Express, the Blue Cash Everyday® Card from American Express has $0 annual fee. *Terms and limitations apply.
TrueEarnings® Card from Costco and American Express – If you have a Costco membership, then owning the TrueEarnings Card from Costco and American Express is a must. 3% cash back can be earned on gasoline at U.S. stand-alone gas stations (up to $4,000 spent annually), 2% cash back is awarded at U.S. restaurants and on eligible travel purchases; and 1% cash back is given on other purchases, including purchases at Costco. Since Costco makes you pay with this card or your debit card, it's the only way to earn cash back at Costco! There's no annual fee to own this card so long as you pay your Costco membership every year. *Terms and limitations apply.
*Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*The content in this article is accurate at the publishing date, and may be subject to changes per the card issuer.