The Best Cash Back Credit Cards - 2010 Edition

Is there anything better than using your credit card and getting cash back? If you have excellent credit (in some cases, you only need good credit) and you pay off your balance in full every month, one of these cards might be a perfect fit for you.

Capital One® No Hassle Cash (SM) Rewards

This is a great card for those with excellent credit who spend a lot on groceries and gas. You get 3% cash back on purchases at major grocery stores and gas stations. And you get 1% back on all other purchases. Additionally, there's no limit on the cash rewards you can earn and the rewards don't expire. You can redeem your cash rewards as an account credit, gift card, or check.

Chase Freedom (SM) Card

This is another great card for those who have excellent credit. You get 5% cash back in rotating categories such as gas, home improvement, and groceries, and 1% cash back on all other purchases. One of the best features of this card is that you can get 20% cash back when you shop online from selected merchants. And you don't have to worry about your cash back rewards expiring or about reaching the spending tiers that some cards have.

PenFed Visa Platinum Cash Rewards Card

This card is issued by the Pentagon Federal Credit Union. So you can expect the great customer service that comes with credit unions as well as excellent reward features. You earn 5% cash back on gas purchases paid at the pump. Plus you get 0.25% cash back on all other purchases. There's no maximum amount on rewards you can receive. You need excellent credit for this card and if you qualify, you can get up to a $50,000 limit.

Blue Cash(R) from American Express

The cash back rebate for this card is tiered, but if you're a big spender, this still might be a great card for you. You can earn up to 5% on groceries, gas, and drugstores, and up to 1.25% on all other purchases. But note that you have to spend a lot to reach the thresholds to get to the higher percents on cash back rewards. The good news is that there are no limits on cash rewards. You need good credit to qualify and you can go through their Express Approval system and get a decision in less than 60 seconds.

There's a 0% intro APR for purchases for six months, but the regular APR can be higher than 17.24%. This card has no annual fee.

TrueEarnings® Card from Costco and American Express

You need to have good credit for this card. It's a popular cash back card and with good reason. First, there's no limit on the cash back earned. You can earn 3% cash back for gas purchases (up to $3,000; 1% thereafter). You also get 3% on restaurants, 2% for travel purchases, such as airlines and car rental, and 1% for everything else, including, of course, Costco.

Plus, you get car rental loss and damage at no extra cost. Purchases with this card can also double the length of extended warranties. The card serves as both your American Express credit card and your Costco membership card.

Important Note! The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we can not guarantee the accuracy of the information in this article. Please verify all terms and conditions of any credit card prior to applying.

Disclaimer: This content is not provided or commissioned by any company mentioned in this article. Opinions expressed here are author's alone and have not been reviewed, approved or otherwise endorsed by any such company. This site may be compensated by companies mentioned in the article through advertising, affiliate programs or otherwise.