Cash Back Credit Cards

Cash Back Credit Cards are my favorite type of rewards card because it’s like free money! Card issuers are paying you a percentage of what you charge to the account just so you will use their card. These cards can save you money and that’s why I think they are the best type of rewards card. Many credit card issuers have beefed up their cash back programs by offering juicy sign up bonuses. You can earn a couple hundred bucks just by choosing the right card!

The best cash back credit card deals will save you money! It sounds simple enough and it is simple, if you know what to look for in a cash back card. You want to choose a card that is going to allow you to get the full amount of cash back the card has to offer. Your goal should be to earn as much as possible with any given card. Because some cards pay higher rewards for certain types of purchases (e.g., gas or groceries), be sure the card you choose rewards you for the types of purchases you plan on making.

To get you started we have provided you with a list of the Best Cash Back Cards of 2011.

EDITOR’S CHOICE – Chase Freedom® Visa – $200 Bonus Cash Back Offer

Blue Cash Everyday(SM) from American Express

The Blue Cash Everyday^SM Card from American Express offers exclusive rewards for those with excellent credit. There are no spending limits, no rotating categories and you don’t need to enroll to participate. The rewards you earn are simple and straightforward: 3% cash back per dollar spent at supermarkets, 2% cash back per dollar spent at department stores and gas stations, and 1% cash back on all other purchases. The card offers an introductory rate of 0% for 12 on purchases and a regular APR between 17.24-22.24% (Variable)*, based on your creditworthiness.

Discover® More® Card

The Discover® More® Card is a rewards card that offers cash back on all your purchases. You can earn up to 5% cash back in rotating categories. You can earn 5% Cashback bonus on shopping categories as well as 5% Cashback bonus on seasonal spending categories that change each yearly quarter. You can earn up to 1% Cashback bonus on all other purchases. You must enroll in each spending category to be eligible. The card offers an introductory rate of 0% for 15 months on purchases*. After the introductory rate, the APR you receive is 10.99-20.99% (Variable)*, based on your creditworthiness. Best of all this card has no annual fee.

Citi® Dividend World MasterCard®

The Citi® Dividend Platinum Select® Visa® Card gives $100 cash back after spending $500 within the first 3 months. You can earn 1% cash back on all purchases and 5% cash back on rotating categories. There are no tiers or minimum spending amounts in order to earn the 1% cash back. The Citi® Dividend World MasterCard® comes with 0% introductory APR on balance transfers for 15 months and 0% introductory APR on purchases for 15 months. After the introductory rate, the APR will be between 12.99-22.99% (Variable)* and is based on your creditworthiness.

Capital One® No Hassle Cash(SM) Rewards Credit Card

The Capital One® No Hassle Cash^SM Rewards Credit Card makes our list because it is available for those with good to average credit. At one time you had to have excellent credit to be eligible for this type of rewards card. This card is a good choice for those who tend to spend a lot on gas a groceries because with this card, you can earn 2% cash back on gas and groceries as well as 1% cash back on all other purchases. There is no limit on the amount you can earn and rewards never expire. Cardholders can redeem cash rewards any time for any amount and can even set up automatic redemption. This great rewards program comes with a low annual fee of $39 and the card also has a 0% introductory APR on purchases, as well as a go-to rate of 17.90-22.90% (Variable)*.

Chase Freedom® Visa – $100 Bonus Cash Back

The Chase Freedom^® Visa card combines a solid rewards program with a 0% introductory offer. You can’t go wrong with any of the Chase Freedom® Visa cards because you earn 5% cash back offers in popular categories like gas, home improvement and department stores. On top of that, earn a full 1% cash back on everything else – no spending tiers or caps on how much you can earn. As a bonus, you will earn $100 cash back after you make $500 in purchases within the first 3 months. The card offers a 0% introductory rate which is as follows, 15 months on purchases*. After the introductory period is over your rate will be between 12.99-22.99% (Variable)*, based on your creditworthiness.

TrueEarnings® Card from Costco and American Express

The TrueEarnings® Card from Costco and American Express is another great cash back rewards card that allows you to earn wherever you shop, including Costco. The TrueEarnings Card pays 3% cash back on up to $3,000 in gasoline purchases (1% thereafter). With the Costco card, cardmembers also earn 3% cash back at restaurants, 2% cash back for travel, and 1% cash rewards everywhere else. The card offers 0% on all purchases for the first 6 months and this is a credit card, not a charge card. That means you have the flexibility to pay the card off in full each month or make payments over time. After the introductory rate, your APR will be based on your creditworthiness.

Capital One® Cash

The Capital One® Cash Rewards - Excellent Credit card is packed full of cash back opportunities. First, you will earn a $100 cash back bonus when you spend $500 within the first 3 months. You will earn 1% cash back on all your purchases and each you will earn a 50% on the cash back you have earned for the year. The card also comes with 0% on purchases for the first year and you get all of this with no annual fee. You can redeem your cash rewards anytime for any amount and even set up automatic redemption if you choose.