Some savvy consumers only use credit cards to enjoy the cash back. No need for travel rewards or other perks. They just want a percentage back on their purchases. And they want this percentage back to come in the form of a cash back check whenever they want. It wasn’t long ago that the best cash back credit cards were going unused. Now, many consumers are playing the cash back game.
I cash in at least $200 annually in rewards from cash back credit cards and I never pay a dime in credit card interest. So how do you find the best cash back card? Well, it really depends on a few factors: how you earn the points, access and thresholds, as well as any fees or interest charges that might negate the use of the card. In the below list of cash back credit cards, I’ve tried my best to consider all the factors above and give you a thorough review of each of the cards.
PT’s Pick for Best Cash Back Card
Citi® Dividend Platinum Select® Visa® Card – If you need a nice cash back rewards card coupled with one of the best balance transfer offer on the market, then this is your card. The Citi Dividend Platinum Select Visa Card has a 0% Intro APR on Balance Transfers and purchases for 12 months AND $100 cash after making $500 in purchases during the first three months. After that, the APR will be 12.99%-22.99% Variable based on your creditworthiness*. Earn 5% cash back every quarter in must-have categories. Right now, on purchases at Macy’s, drug stores, and fitness clubs from 1/1/14 through 3/31/14 enrollment each quarter is quick and easy. Earn 1% cash back on all other purchases. You may earn a total of up to $300 per calendar year. No Annual Fee*.