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Cash Back Credit Cards

Cash Back Deals: May 2016

We've compiled a list of the 9 Cash Back Deals currently available on CreditDonkey.

Cash Back Credit Cards

Compare cash back credit card offers from our partners
Using a credit card with cash back can be a great way to stretch your budget and be rewarded for your purchases. As long as you pay your balance in full each billing cycle, the card issuers are essentially paying you to use their card. Plus, cash back rewards are usually easier to understand than rewards programs involving points and miles.

Barclaycard CashForward World MasterCard

Barclaycard CashForward Review

Spend $500 in First 90 Days and Earn $100 Cash Rewards Bonus
Blue Cash Everyday Card from American Express

Blue Cash Everyday Review

Learn how you can get up to $300 back. Limited time offer
Blue Cash Preferred Card from American Express

Blue Cash Preferred Review

Learn how you can get up to $350 back. Limited time offer

Which Cash Back Credit Card is Right for You?

We think you'll agree with us when we say:

It's REALLY hard to figure out which cashback credit card to apply for.

Or is it?

Well, it turns out, there's 3 questions to answer to help you get started...

  • If you want up to 5% cash back (up to the quarterly limit) on rotating categories that change every quarter, consider the Chase Freedom or Discover It.

  • If you spend mostly on groceries and gas, look for a card with a higher % cashback on grocery and gas purchases (like the Blue Cash Everyday or Blue Cash Preferred from American Express, a CreditDonkey advertiser).

  • If you want cash back without having to worry about categories, look for a card with a regular rewards rate above 1% industry average (like the Barclaycard CashForward).

Featured Offer

Barclaycard CashForward
Apply for Barclaycard CashForward World MasterCard
Did you know: The Barclaycard CashForward offers an unlimited 1.5% cash rewards on every purchase.

There's more:

  • New cardholders receive a $100 bonus after spending $500 in purchases during the first 90 days of opening their account.

  • Every time you redeem your rewards, you get a 5% cash rewards redemption bonus to use toward your next redemption. You can redeem your cash rewards for a deposit into your bank account, a statement credit, or gift cards. Redemptions start at $50.

  • 0% introductory APR for the first 12 months on purchases and balance transfers (made within the first 45 days). After the intro period, a variable APR of 15.24%, 19.24%, or 23.24%.

  • There is no annual fee, and the rewards do not expire as long as you keep your account open, active, and in good standing.

  • Since this is a MasterCard credit card, you'll enjoy more widespread merchant acceptance of it than you would with cards from American Express or Discover. This is an important differentiating factor, especially if you frequently patronize smaller businesses.

Here's the deal: if you always pay in full each billing cycle, a cash rewards credit card is worth owning. The Barclaycard CashForward is easy to use, and its rewards structure is much easier to grasp (1.5% on every purchase) than the points and miles systems of other rewards cards. As long as you are a responsible credit card user, you can rack up some cash on the side for purchases you would be making anyway.

Bigger Bang for the Buck

© CreditDonkey

Don't settle for just 1% when you can be smart with what credit card you use.

Which category is most important to you?:

For More Cashback on Gas Purchases

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Look for a card that offers a higher percentage back on purchases at gas stations. See if the rewards it offers match your spending habits.

Here are the two cards we like in particular, both from American Express (a CreditDonkey advertiser).

Blue Cash Preferred Blue Cash Preferred: Earn 3% cash back at U.S. gas stations (such as Shell, Mobil, and Exxon). This card has a $75 annual fee, so we recommend you consider this card if you spend at least $7,500/year ($625/month) at U.S. gas stations.

Look at this way: Spending $7,500 at U.S. gas stations with the Blue Cash Preferred would earn you $225 cash back vs $150 cash back with the Blue Cash Everyday, which has no annual fee.

If you don't spend $7,500 a year at U.S. gas stations, you may still want to consider the Blue Cash Preferred if you spend a lot on groceries (read the section below on cashback cards for groceries for more information).

Otherwise, consider the Blue Cash Everyday, which offers 2% cash back at U.S. gas stations and has no annual fee.

Get More Cashback on Groceries

© CreditDonkey

When charges at the supermarket make up a big part of your budget, you could see some big savings with a groceries-focused credit card. You'll need to weigh the pros and cons of getting more rewards in exchange for an annual fee vs. fewer rewards and no annual fee.

Blue Cash Preferred Blue Cash Preferred: Earn 6% cash back at U.S. supermarkets (on up to $6k/year in purchases, then 1%). This card has a $75 annual fee, so we recommend you consider this card if you tend to spend at least $2,500/year (about $209/month) at U.S. supermarkets (such as Vons, Winn-Dixie, and Whole Foods). Spending $2,500 at U.S. supermarkets with the Blue Cash Preferred would earn you $150 cash back vs $75 cash back with the Blue Cash Everyday.

Blue Cash Everyday Blue Cash Everyday: If you don't spend at least $2,500/year at U.S. supermarkets, consider the Blue Cash Everyday, which has no annual fee. The Blue Cash Everyday earns 3% cash back at U.S. supermarkets (on up to $6k/year in purchases, then 1%).

Tip: Your definition of a supermarket may not match your credit card companies. Check out the American Express Supermarket List before you go ahead with one of these cards to make sure the place you buy groceries is included. Even though warehouse clubs like Costco sell groceries, they are not supermarkets.

Restaurants: Rewards for Dining Out

© CreditDonkey

Spend more time in a restaurant than at the supermarket checkout line? You can also save on your food consumption by getting the right kind of credit card. Take a look at our extensive guide on credit cards for restaurant rewards.

Credit Cards for Small Businesses

You can find lucrative rewards when you choose a business credit card. These cards can be used for a range of business types, including side businesses.

SimplyCash Plus SimplyCash Plus: Do you want more control over what types of purchases get the most cash back?

With the SimplyCash Plus, you'll earn 3% cash back on the category of YOUR choice (from a list of 8 select categories, on purchases up to $50,000 per calendar year).

You also get 5% cash back (on up to $50,000 per calendar year in purchases) at U.S. office supply stores and on wireless telephone services (purchased directly from U.S. service providers).

For more information, read our SimplyCash Plus review.

Travel More

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Travelers can get more out of their credit cards if they forget cashback and opt for a travel rewards credit card that earns miles.

If you do not have a particular airline or hotel preference, look for a credit card rewards program with miles that you can redeem toward travel with any airline and any hotel. That way, you'll have more flexibility.

Excellent Credit: You Have More Choices

© CreditDonkey

You have been responsible with your credit. You pay your bills on time, every time. So why use an average credit card? Take a look at our list of credit cards for people with excellent credit.

You'll find deals reserved for the most creditworthy applicants.

High Spenders: Pause Here

© CreditDonkey

Are you a big spender? Do you routinely spend thousands a month on your credit card? Take a look at our list of credit cards for high spenders.

Yes, many of these offers have annual fees. But for high spenders, the rewards you'll reap from a premium credit card may offset the annual fee.

But wait. Are you a big spender who routinely carries a balance? Then instead of a rewards credit card, focus on low interest rates instead.

For any type of spender, it does not make sense to chase after rewards if you usually have a balance. The interest rates you will pay over time will wipe out any savings you earn. Focus instead on getting the lowest interest rate you can and try to pay down your debt.

How to Choose a Cashback Credit Card

Compare rewards, annual fees and interest rates to determine the best one for you. Narrow your comparison by reading reviews on the credit card offers with cash back, such as:

Be sure to pick a card that fits your current spending pattern. You will save money with a cash back card as long as you limit your purchases to those you would have made anyway. These types of cards are best for people who both like deals and can pay off their balance each month but also spend responsibly.

© CreditDonkey

Cash Rewards
Does the credit card rewards structure match your lifestyle?

Some credit cards with cash back earn more on specific purchase categories, such as gas, restaurants, or groceries. Some have rotating categories of up to 5% cash back that often change every few months and require free enrollment, while others offer a lower, but consistent reward rate year-round.

Annual Fees
While most consumers should opt for a cash back credit card with no annual fee, don’t let an annual fee scare you away.

Some credit cards with annual fees offer lucrative introductory bonuses that pay for the annual fee and more. Plus, they often include generous benefits and reward structures that are favorable for big spenders or frequent travelers.

Interest Rates
Reward credit cards generally have higher interest rates.

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. This site may be compensated through the Advertiser's affiliate programs.

Chase Freedom vs Discover It vs Blue Cash Everyday

Considering a cash back credit card? With so many options, it can be tough to narrow down the list of possibilities to a final choice. A good cashback card will help you earn money on what you spend on everyday purchases and necessities — and ...

Barclaycard CashForward World MasterCard
Read ReviewApply for Barclaycard CashForward World MasterCard
At Barclaycard's Secure Site
  • Get a $100 cash rewards bonus after you spend $500 in purchases in the first 90 days after account opening
  • Earn unlimited 1.5% cash rewards on every purchase
  • Every time you redeem, get a 5% cash rewards redemption bonus to use toward your next redemption
  • Redeem your cash rewards for a deposit into your bank account, a statement credit or gift cards. Redemptions start at $50
  • Cash rewards do not expire as long as your account is open, active and in good standing
  • 0% intro APR for the first 12 months on purchases. Plus, you'll get 0% introductory APR for the first 12 months on balance transfers made within 45 days of account opening.
  • After that a variable APR will apply, currently 15.24%, 19.24% or 23.24%, depending on your creditworthiness
  • No annual fee
Introductory Bonus Cash BackCash Back RewardsBonus Cash BackNo Expiration on Rewards$0 Fraud Liability
Cash Back Rewards Benefit: Earn unlimited 1.5% cash rewards on every purchase
Introductory Bonus Cash Back: Get a $100 cash rewards bonus after you spend $500 in purchases in the first 90 days after account opening
Bonus Cash Back: Every time you redeem, get a 5% cash rewards redemption bonus to use toward your next redemption.
Our Review: Are you proud of your excellent credit? You should be, as you’re a wanted person. The Barclaycard CashForward, aimed at people who have great credit, rewards you nicely. With its generous $100 promotion and its above-average 1.5% cash rewards on all purchases, Barclaycard CashForward Card is worth considering... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 12 months
0% for 12 months (must be completed within first forty-five days of account opening)
15.24%, 19.24% or 23.24%* Variable
$0

Blue Cash Everyday Card from American Express
Read ReviewApply for Blue Cash Everyday Card from American Express
At American Express' Secure Site
  • Special Offer - Get up to $300 back. Offer Ends 6/15/2016.
  • Get Cash Back: 3% U.S. supermarkets up to $6,000 per year in purchases (then 1%); 2% U.S. gas stations & select U.S. dept. stores; 1% other purchases. Terms and limitations apply.
  • With the Blue Cash Everyday® Card, you can get cash back. No rotating reward categories. No enrollment required.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. You can only get cash back on eligible purchases.
  • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.24% to 23.24%, based on your creditworthiness and other factors.
  • Terms and restrictions apply.
  • See Rates & Fees
Introductory Bonus Cash BackCash Back RewardsGas RewardsGrocery RewardsCar Rental InsuranceExtended WarrantyPurchase ProtectionReturn ProtectionTravel Accident Insurance $0 Fraud Liability
Cash Back Rewards Benefit: Get Cash Back: 3% U.S. supermarkets up to $6,000 per year in purchases (then 1%); 2% U.S. gas stations & select U.S. dept. stores; 1% other purchases. Terms and limitations apply.
Introductory Bonus Cash Back: Special Offer - Get up to $300 back. Offer Ends 6/15/2016.
Get $100 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $100 back in the form of a statement credit.
Our Review: If you want a cash back credit card with the same rewards categories year-round, then consider the Blue Cash Everyday Card. This credit card with no annual fee also offers up to $300 back for a limited time. Read on for the pros and cons... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 12 months
0% for 12 months
13.24% - 23.24% Variable
$0

Blue Cash Preferred Card from American Express
Read ReviewApply for Blue Cash Preferred Card from American Express
At American Express' Secure Site
  • Special Offer - Get up to $350 back. Offer Ends 6/15/2016.
  • Get Cash Back: 6% U.S. supermarkets up to $6,000 per year in purchases (then 1%); 3% U.S. gas stations & select U.S. dept. stores; 1% other purchases. Terms and limitations apply.
  • With the Blue Cash Preferred® Card, you can get cash back. No rotating reward categories. No enrollment required.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. You can only get cash back on eligible purchases.
  • 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.24% to 23.24%, based on your creditworthiness and other factors.
  • Terms and restrictions apply.
  • See Rates & Fees
Introductory Bonus Cash BackCash Back RewardsGas RewardsGrocery RewardsCar Rental InsuranceExtended WarrantyPurchase ProtectionReturn ProtectionTravel Accident Insurance $0 Fraud Liability
Cash Back Rewards Benefit: Get Cash Back: 6% U.S. supermarkets up to $6,000 per year in purchases (then 1%); 3% U.S. gas stations & select U.S. dept. stores; 1% other purchases. Terms and limitations apply.
Introductory Bonus Cash Back: Special Offer - Get up to $350 back. Offer Ends 6/15/2016.
Get $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $150 back in the form of a statement credit.
Our Review: If you are looking to get cashback rewards on common household categories like gas and groceries, consider the Blue Cash Preferred Card. American Express created the Preferred card (with a $75 annual fee) as an upgrade to the Blue Cash Everyday... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 12 months
0% for 12 months
13.24% - 23.24% Variable
$75


Read Review
Our Review: If you want to earn cash back, Chase Freedom should be on your shortlist. But wait. There are some potential drawbacks. Read on for the pros and cons to this rewards credit card... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% Intro APR for 15 Months
0% Intro APR for 15 Months
14.24% - 23.24% Variable
$0


Read Review
Introductory Bonus Cash BackCash Back RewardsBonus Cash BackNo Limits on RewardsExtended WarrantyPurchase ProtectionReturn Protection$0 Fraud Liability
Our Review: A generous cash back and promotional low interest offer makes the Discover It Card the go-to card to keep more money in your pocket. When you consider the rewards, low fees, and good customer service, it’s pretty easy to see why Discover It is one of the most popular cash back credit cards available... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 12 months
0% for 12 months
11.24% - 23.24% Variable*
$0


Read Review
StudentIntroductory Bonus Cash BackCash Back RewardsBonus Cash BackNo Limits on RewardsExtended WarrantyPurchase ProtectionReturn Protection$0 Fraud Liability
Our Review: College students looking to build credit, earn cash back, and pay no annual fee should consider the Discover It for Students. With the combined generous rewards program, intro APR on new purchases and no late fee on the first late payment, it's clear to see why this Discover student credit card is among the most popular offers for college students on the market today... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 6 months
10.99% for 6 months
13.24% - 22.24% Variable*
$0


Read Review
Introductory Bonus Cash BackCash Back RewardsGas RewardsNo Expiration on RewardsDining RewardsCar Rental Insurance$0 Fraud Liability
Our Review: Do you eat out and drive a lot? If you want cash back rewards without having to think too much, the Discover It Chrome could be the right fit for you... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 12 months
0% for 12 months
11.24% - 23.24% Variable*
$0


Read Review
Cash Back Rewards
Our Review: With no annual fee and the opportunity to earn cash back twice, the Citi Double Cash card takes rewards a step further than many cards in this category. You'll get 1% cash back on purchases plus ANOTHER 1% cash back as you make payments for those purchases, whether in full or installments... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/A
0%* for 18 months*
13.24% - 23.24%* (Variable)
$0*


Read Review
Our Review: Does the Chase Freedom Unlimited live up to the hype? Read this in-depth review to see who would want this 1.5% cash back, no annual fee credit card... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 15 months
0% for 15 Months
14.24% - 23.24% Variable
$0


Read Review
StudentIntroductory Bonus Cash BackCash Back RewardsGas RewardsDining Rewards
Our Review: If you are a college student on the go who doesn’t have time to juggle rewards categories that change all the time, then you may want to consider the Discover it Chrome for Students card... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 6 months
10.99% for 6 months
13.24% - 22.24% Variable*
$0

Disclaimer: The information for the Chase Freedom®, Discover it®, Discover it® for Students, Discover it® Chrome, Citi® Double Cash Card, Chase Freedom Unlimited℠, and Discover it® Chrome for Students have been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.


Cash Back Rewards Benefits

Why Choose a Rewards Credit Card with Cash Back

Here are some of the advantages of having cash back rewards:

  • Cash back is like getting a discount every time you shop. Getting 3% cash back at the gas station is like getting 3% off your total bill. In fact, it's like easy money - you are essentially being paid to use your credit card.

  • Cash back is easy. Who wants to do math on reward points? With cash back, your return for spending is much easier to understand and the math is minimal (just pay attention to how you'll get the cash - through statement credit, gift card or an actual check).

    Besides the credit cards we feature on CreditDonkey, you may also want to check with your local bank or credit union. Most big national banks like Bank of America, Chase, Citi and Wells Fargo have cashback credit cards too.

  • Cash back makes more sense for some lifestyles than other rewards. Credit cards used to offer airline miles almost exclusively as rewards. Travel rewards and other travel perks are still available on some cards today, but for people who don’t travel much, a cash back reward structure is more useful, convenient, and practical.

What to Watch Out For

Consider these factors before and after you decide on a cash back rewards credit card:

  • Interest rates: Credit cards with cash back rewards tend to have higher than average interest rates, so make sure you pay the balance in full each month. If you plan to carry a balance, look for a credit card with low interest instead.

  • Introductory offers: Credit card companies offer a variety of incentives to get you to choose their card, but many of them don’t last long. These range from 0% APR balance transfers for an introductory period, to bonus cash offers for signing up, to 5% cash back on categories that change.

  • Overspending: Since you’re earning cash back as a percentage of your spending, your rewards increase as you spend more. This can make overspending very tempting. Don’t spend more than you can afford, and always purchase wisely.

Calculate the rewards you could earn with several cards, based on your normal spending habits, to figure out which card will earn you the most rewards. No matter which card you choose, always remember the importance of paying your bill in full each month – or else you will lose out on the reason you chose a cash back card in the first place.


Articles on Cash Back Rewards

    Infographics: Where Does All My Money Go

    Household Spending Statistics

    By Annette O'Connor - Tips
    Where does all the money go? See what typical Americans make and spend in a month.

    American Express Blue Cash: Everyday vs Preferred

    May 8, 2015 - By Michelle Kaiser - Reviews
    Which American Express cash back credit card should you get? Read this comparison review to see how the Blue Cash Everyday stacks up against the Blue Cash Preferred and its $75 annual fee.

    Citi Double Cash or Chase Freedom

    December 3, 2014 - By Sarah Johnson - Reviews
    In your quest to get a cashback credit card, you may be torn between the Chase Freedom and the Citi Double Cash Card. Both are great everyday cards for people who want to be rewarded when they go shopping, but the way these cards calculate ...
    Infographics: American Consumer

    Consumer Spending Statistics

    By Annette O'Connor - Tips
    With $1.3 trillion spent on arguably non-essentials items, CreditDonkey study reveals how consumers find the balance between prudence and extravagance.
    Tip Jar

    Top 8 Cash Rewards Credit Card Myths

    By Grace C - Tips
    Take full advantage of cash rewards credit card benefits when you dispel the top 8 myths.

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How to Choose a Credit Card with Rewards

So you've decided you want to earn rewards for your spending but aren’t sure how to pick the right card?

About CreditDonkey®
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: The card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.