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Rewards credit cards that give merchandise and miles are great, but sometimes, you just want cash back. After all, who doesn’t like getting paid to shop and pay bills?! Fortunately, the best rewards credit cards today offer that option. But which are the best? Which provide the most value? Read on to find CreditShout’s top picks. All of these cards have no annual fee and offer the potential to get up to 5% cash back or more.
Discover launched the trend of cash back rewards, and they remain one of the best in the industry. The card was ranked #1 in the CreditShout list of best credit cards for 2010, and the program hasn’t changed since then. After spending your first $3,000 annually with this card, you will earn 1% cash back on all purchases. Like the Chase Freedom® Visa card, the Discover® More Card offers 5% cash back on a rotating schedule. There is no cap on your earnings and you may redeem as soon as you have accumulated $20 in cash back rewards. Your balance will not expire, unless your account is closed for some reason. This card does not have an annual fee.
The Chase Freedom® Visa is the flagship card in Chase’s Ultimate Rewards program, which encompasses all their rewards offerings, including Chase Sapphire, Chase Ink, and the Freedom card. This card offers 1% on all purchases and during promotional campaigns you can earn 5% cash back on certain purchases in categories that change every few months. The categories follow seasonal trends, so you can save big on travel during the summer, for instance, and holiday shopping at department stores during the winter.
When you shop through the Ultimate Rewards Mall, you can earn up to 10 % cash back on select online purchases at popular retailers like Gap and Best Buy.
Some of the other things we like about this card?
- No annual fee
- No cap on cash back you can earn
- Get your cash in the form of a check or statement credit, or choose from travel, merchandise or gift cards
- No minimum to spend before you start earning cash back
- No annual fee
- 0% APR on balance transfers for 6 months
- Earn even more when you shop and book travel through the Ultimate Rewards Mall
Yes, Chase gets props for having two of the best cash back cards in the industry. Ranked by CreditShout as the best business credit card for 2010, the Ink Cash(SM) Business card, the card offers 3% cash back on specific business purchases, like office supplies and 1% unlimited cash back on all other purchases that you make with the card.
Some of the other benefits?
Do you pay for everything with your credit cards? If so, Blue Cash EverydaySM Card from American Express is the perfect card for you. All purchases earn 1% cash back, but once you have reached $6,500 in a year your earnings will be lifted to 5% cash back on everyday purchases. Dining, shopping, gas…everything you need to purchase will reward you! There are many benefits to this card, from cash back for paying your utility bills to the buyer assurance program that will refund the purchase price of an item ($300 max on an item, $1,000 max annually) if a store refuses to refund your money on a returned item. There is no annual fee on this card.