 |
Welcome to Best Credit Card Offers!
Cash Back Rewards Credit Cards
Search, compare and review the best cash back rewards credit cards offers.
After some time, credit card issuers are attracting new customers with new reward programs. They are willing to pay consumers to use their cards, as long as the new rules are followed.
There is plenty of cash to be had, Discover has already paid out over $200 million in cash back rewards this year! However, the new rules are a little tighter, the interest rates may be slightly higher than in the past and some may have fees as well.
Now that credit issuers have worked through the recent economic hurdles they are back to expand their card offerings to consumers.
Credit card offers surged over twenty-five perfcent in the first quarter of this year compared with the same period last year, according to reporting sources. Of those, over eighty per cent were solicitations for rewards credit cards.
Cash Is Reward Enough
Cash is far and away the reward of choice for most consumers, according to a J.D. Power credit card satisfaction survey. Sixty-two percent of respondents opted for cash rewards. Not everyone knows what a point means or what a mile means. Cash is cash. And some of the offers are pretty generous. The Discover More card carries a 5% cash-back bonus on a rotating group of everyday purchases, such as gas, groceries, fashion and home items, travel, restaurant and entertainment.
Until June, for example, enrolled customers get back 5% on up to $400 of their purchases of home and fashion items, or $20 just for shopping. It is 1% back on all purchases over $3,000. From July to September, the 5% cash back is tied to gas, hotel and amusement park purchases up to $300.
The Chase Freedom card has a similar program but gives you back $100 if you put $799 on your card in the first three months you have it. There's a 0% introductory interest rate for the first year too.
Other cash back rewards cards, such as the American Express Blue Cash card offer consumers 1% cash back rewards on everyday purchases up to $6,500. Consumers who spend over this amount within the first year can then earn up to 5% cash rebates.
Considering the average American family spends around $6,000 a year on their credit cards, the rising cost of living makes reaching this amount for many American families a relatively easy task to accomplish while providing essentials to family members.
It is important to be aware of the annual fee associated with many cash back rewards credit cards. For example, the Capital One No Hassle cash reward card, for consumers with average credit scores, gives you 2% cash back on purchases at gas stations and major grocery stores but it costs $39 annually.
Another area to review before applying or accepting a rewards credit card is the interest rate, especially those with variable rates.
As always, read the fine print, every word. Some cards offer immediate rewards, others will be for short periods of time. Some cash back reward credit cards require a consumer to spend before the rewards are obtainable. Many of them have spending caps and redemption rules.
Next » 5% Cash Back Credit Cards