The Best Cash Back Credit Cards - 2010 Edition
June 2, 2010
By: Beverly Blair Harzog
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® Cash Rewards - $100 Cash Back Bonus
This is a great card for those with good to excellent credit. You get 1 percent cash back on all purchases, and a 50 percent bonus on the cash back you earn every year. 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.
Enroll each quarter and you can earn 5% cash back in quarterly rotating categories such as gas stations, restaurants and more, subject to quarterly spend caps. And 1% cash back on all other purchases. You don't have to worry about your cash back rewards expiring and with this offer there is no annual fee.
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 can earn 5% cash back on gas purchases paid at the pump.** Plus you can earn 0.25% cash back on all other purchases.** You need excellent credit for this card and if you qualify, you can get up to a $50,000 limit.
You can earn 3 percent cash back at U.S. stand-alone supermarkets, 2 percent cash back on gasoline at U.S. stand-alone gas stations and select major department stores, 1 percent cash back on other purchases. With this offer there is no spend minimum, no enrollment, and no rotating rewards categories.
There's a 0 percent introductory APR for purchases for twelve months, however the regular APR can be on the higher end. This card has no annual fee.
It's a popular cash back card and with good reason. There's no annual fee for the card with you paid Costco membership. You can earn 3% cash back on gasoline at U.S. stand-alone gas stations, including at Costco, for purchases up to $4,000 per year (1% thereafter), 2% cash back on eligible purchases at U.S. restaurants, 2% cash back on eligible travel purchases, and 1% cash back on other purchases, including of course, Costco.
Plus, you get car rental loss and damage insurance at no extra cost. The card serves as both your American Express credit card and your Costco membership card.
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