Best Cash Back Credit Card
Posted on September 5th, 2010
A reader recently asked me what I thought was the “best cash back credit card?”
Typically credit-related questions are difficult to answer because of their subjective nature, but this is a surprisingly straightforward, objective one to tackle.
The Blue Cash from American Express offers the highest cash back rewards in the industry without question.
For year-to-date purchases between $0 and $6,500, you get 1% cash back on everyday purchases and 0.5% cash back on all other purchases.
By everyday purchases, they mean purchases made at grocery stores, gas stations, and drugstores.
After you spend $6,500, you get a whopping 5% cash back on everyday purchases and 1.25% cash back on all other purchases.
That level of cash back beats all the other offers out there quite easily.
And most other cash back credit cards only offer up to 5% off in certain categories during certain times of the year. Very limiting in my opinion.
The American Express Blue Cash card also carries no annual fee, so you don’t have to pay to play like most other rewards cards.
Additionally, the cash back comes in the form of a statement credit once per year – so you don’t need to redeem it.
It simply lowers your credit card bill by whatever you earned in cash back that year, making it quite the convenient option.
Apply here.
Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.
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Tags: Back Credit, Back Credit Card, Card, Credit Card
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