Best Cash Back Credit Cards America

Cash Back credit cards are the kind of cards that give back a certain percentage of cash or money to the cardholders. The cash back comes from the total amount of purchases made with the credit card. Generally, these cash backs range from 1% to 3% depending on the bank or card company. These are returned back into your account annually where the total amount of purchases is subjected to the cash back percentage offered. It then becomes the source of savings for the cardholder. It can be used for future purchases of the client especially those card users that are utilizing their cards with the purchases they are transacting.

Good Credit - Excellent Credit

The cards that will be introduced are the credit cards that require good or excellent credit history. This means that the client here have been making good settlements with their balances monthly and haven’t committed any pitfalls that could affect the credit history they are taking care of. There are seven card issuers that will display their cards along with its benefits and features. Give time to compare each credit card and in the end, be able to pick the best card for your use.

DOESN'T CARRY A BALANCE - REWARDS CARDS

Clients that belong in this category are those card users who pay off their balances at the end of a month or in a monthly basis. Rewards are offered with these kinds of cards that are availed by the card holders. They are after the rewards that they can avail rather than using the credit card. Points are offered as well as cash backs which are accumulated in their account. Cash backs are given annually and are considered savings for the client after spending on the purchases they have made beforehand.

In addition, two subcategories are provided which separates those card holders who are spending much on their credit compared to those who are wanting more on the rewards to be earned. These subcategories are the following: spend less than $2500 and spend more than $2500 per month. The amount $2500 is the marker generally used as it is considered the common amount a card holder is capable to spend each month.

Spend More Than $2500 / Month - Rewards Cards

Under this subcategory, clients that belong here are those who spend a lot of their credits but in return get points and cash backs for every dollar they have used. Card users accumulate many points to get the rewards they have wanted after using the card for their transactions.

Capital One - Cash Back Plus Platinum MasterCard®

This credit card entitles the card user the chance to get a cheque or statement credit after accumulating more than $15 in points. The rewards offered for this card is more on the cash back reward compared on other possible gift rewards. This card does have an annual fee of $99. It is better to use the card to its maximum limit to be able to enjoy the rewards more than the fee. Be conscious of the due dates of payment as the card comprise a 19.8% interest. So, card holders should pay their bills monthly to avoid the interest.

The Cash Back Plus Platinum card allows you to gain points through following ways:
• For purchases up to $10,000 you get 1% cash back annually as the company offers such benefit.
• When purchases reach between $10,000.01 and $20,000 you'll collect 1.5% cash back annually
• In purchases over $20,000 you'll collect 2% cash back annually to the client account.
• There is no limit on the number of points earned
• When doing balance transfers or cash advances, these transactions are not entitled of points and cash backs.

MBNA Premier Rewards® Platinum Plus® MasterCard®

A rewards credit card that provides cash back for the total amount of purchases made. Furthermore, gives the client automatic rewards to be credited on the account once promos on company’s website are availed. This would give much rewards and opportunities of the card holder to venture everything as far as the card offers.

Here are the of the MBNA credit card features:
• As commonly offered by rewards credit card. This card has No Annual Fee as well.
• 1% back on all net retail purchases when buying merchandise or any transactions that you have used your rewards card.
• There is a yearly automatic rewards crediting in your account once you have availed with their promos especially those that are offered in the company’s website.
• Regarding with points, there is an enticing policy of No spending limits or earning limits. Customers can earn points as much as they can and redeem rewards equivalent to their accumulated points.
• There is Exclusive platinum benefits and peace of mind for the card holder that provides less risks and hassle.
• Booming credit limit of up to 100,000 is offered by the card issuer giving the customer a wider range to spend on their credits.
• Customer service is always present 24/7 for any inquiries or problems that these card holders may encounter when using their credit cards.

TD Rebate Rewards Visa Card

The Rebate Rewards Visa Card is a credit card that doesn’t charge an annual fee. It is the cash back credit card that gives you cash back on your daily purchases with your annual rebate. Once you use your no-fee Rebate Rewards Visa Card to have purchases, you'll earn a cash rebate of a certain percentage on the total purchases charged to your card. The more you use your Rebate Rewards Visa Card in your transaction, the greater the money you get back. Watch out for the interest of this card. Pay your bills on or before its due date.

Here are other benefits of the card that is offered:
• 0.5% cash back is given on the first $3000 worth of net annual purchases made with the card.
• Additional 1% cash bank on the net annual purchase above $3000 to a maximum of $25, 000 on the credit card.
• Cash back are credited every January directly into the client’s account and statement account would show your total cash back earned.
• Pay on the Visa payWave technology where you can secure and have easy contactless payment system that's faster and more convenient than paying with cash.
• The card issuer uses the Chip Enabled Technology which give each client identical pin for security of their accounts.

For example, if net annual purchases on your cash back credit card total $15,000, you will earn cash reward of $135 ($15 for the first $3,000 in purchases and $120 for the additional $12,000.) You have just earned $135 from using your Card for everyday purchases which could be used for extra other purchases. Think of the amount of money you can save when you use your credit card everyday in every transaction you are dealing with.

BMO Premium CashBack MasterCard®

The credit card company gives the card user cash back in all the card purchases made. It includes cash back coming from participating companies like Shell, as well as National Car Rental and Alamo Rent a Car. This gives much savings even though the card has an annual fee of $49. Something to watch out of the credit card is the high interest fee of 19.5% which is not a problem only if the card user will pay the bill on time or before due date is over.

BMO Premium Cashback card details:
• For every purchase made with the card BMO would give 1% cash back.
• In Canada, any Shell Stations would gives out cash back of 3%.
• With National Car Rental and Alamo Rent a Car, 3% cash back is returned when you purchase or avail their services.
• BMO gives Roadside Assistance to the card holders. Here are some of the following services: battery boost, fuel delivery, lockout service and towing.

Spend Less Than $2500 / Month - Rewards Cards

Card holders that belong to this category are those clients that spend less than $2500 per month. They are the type of card users who doesn’t like to spend much but get the full benefits of the credit card. This card holder keeps having a budget with their finances. They only purchase what is necessary and forget the things that would give them trouble in payment. They would not just spend any amount in using their credit cards but they are meticulous of the cash back or rewards they will collect. They are taking benefit of the promos that each specific card can present them. The more benefits that they will get, the higher the chances that they would apply for that credit card they need.

Capital One - Cash Back Guaranteed MasterCard® for Gas & Groceries

This card is usually used by card holders for their purchases on gas and groceries because they are getting more on the cash back. It gives them much savings over their expenses. So, collecting cash back points every month becomes an advantage on their part in using the card. But card users must be responsible in the payment of their balance so that they will not be charged of interest fee. More cash backs are provided on the card details below.

This card has more benefits to offer:
• Credits used on gas purchases give you receive 2% cash back.
• In buying groceries, 2% cash back is given in return to your account.
• Every other purchase made with the card, the client will receive 1% cash back.

Scotia Momentum Visa™ Card

This credit card allows you to collect a generous cash back percentage for the retail purchases you have made with the card. If you are a big spender, then it won’t be a problem because there is no certain limit in the amount of point you can accumulate or collect from all the card transactions made. You can get cash back from gas, groceries and drugstore purchases. Get the full offers of the card so that the annual fee won’t bother you which is at $39. Moreover, paying the bills on the specified time or at the end of a month lets you get away from the interest of 19.99% on purchases and 21.99% on cash advances as well as balance transfers

Scotia Momentum Visa™ Card additional benefits:
• 2% cash back are given to card holders on purchases made either on gas, groceries or in a drugstore. It also includes recurring payments.
• 1% cash back on all eligible purchases with Momentum Visa card.
• Credit limit is at $500 which is higher compared to other credit cards.
• Save 20% discount to any AVIS Car Rental service you have purchase but allowed only to the participating locations.
• Electronic banking is available to check your account information, bill payments and mini-statements.

Cash Back Platinum MasterCard® with No Hassle Rewards™

The clients who are suitable for this card are those individuals who spend money and just want to gain the cash back or rebate. They are the persons who spend for small quantities of merchandise but get much of the benefits of the credit card.

Here's what you get with this card:
• 0.5% cash back annually on total purchases up to $3,000 are given back to the card user.
• Additional 1% cash back annually on total purchases above $3,000 is also returned.
• This card doesn’t have any annual fee charge.
• When redeeming your cash by cheque or get a credit on your statement you can request for it online.
• Earning or savings you gain with this card has no limit or capacity.

Chase Freedom Visa $50 Bonus Cash Back

Chase Freedom Card has a lot of rewards to offer. It starts off with the cash back of $50 during the first purchase made with the card. Moreover, a 0% introductory APR is also given along with the no annual fee policy. This is one of the best cards that you can pick. Check out more of its benefits and features below.

Chase Freedom Visa offers more than what is mentioned above:

Articles from February 2011
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