Best Cash Back Reward Credit Cards

One of my favorite money maximizing moves is to use credit cards that offer cash back reward to pay for everything I normally would (note: this doesn’t mean go out and spend money needlessly, it means using credit card instead of cash when you can). In return, you’ll get a small amount of money back in the form of cash back reward. Some of these cards, such as the Discover Cards, offer special promotion where you can earn as high as 5% cash back reward on some purchases.

As of 12/15/2009, these are some of the best cash back credit cards with up to 5% rebate on purchases. You can immediately apply for these cards by clicking on the name or the card image. Please be sure to review all information carefully before applying for the card.

Image	Credit Card	Signup Bonus	Balance Transfer	Cash Back Details	APR Purch*	Annual Fee
	TrueEarnings® Card from Costco and American Express	$25 Statement Credit	0% APR for 3 months	Earn a 3% rebate for gasoline purchases; earn a 3% rebate for restaurant purchases; earn a 2% rebate for travel purchases; and 1% rebate on all other purchases including Costco.The rebate will be sent each year in the cardholder’s February billing statement.	15.24%	$0
	Chase Freedom		0% APR for 12 months	Always Earn a Full 1% Cash Back on Every Purchase. Everywhere. Earn 3% Cash Back in Rotating Categories Like Gas, Home Improvement and Department Stores	13.24%	$0
	Discover® More(SM) Card	$50 cashback*	0% APR for 12 months	$50 cashback bonus when you spend $599 in the first 3 billing cycles.Earn a 0.25% rebate for up to $1,500 in general spending; 0.5% for over $1,500 up to $3,000; and 1% for over $3,000. Cardholders will also earn .25% rebate on purchases made at select warehouse clubs, discount stores and their affiliates. Earn 5%-20% Cashback Bonus® at participating top online retailers through Discover’s exclusive online shopping site.Rewards are redeemable in $20 increments only.	11.99%	$0
	Biodegradable Discover® More Card	-	0% APR for 6 months	Earn a 0.25% rebate for up to $1,500 in general spending; 0.5% for over $1,500 up to $3,000; and 1% for over $3,000. Cardholders will also earn .25% rebate on purchases made at select warehouse clubs, discount stores and their affiliates. Earn 5%-20% Cashback Bonus® at participating top online retailers through Discover’s exclusive online shopping site.Rewards are redeemable in $20 increments only.	11.99%	$0
	IberiaBank Visa® Gold Cash Back Rewards Card	-	1.99% APR for 6 billing cycles	Earn 1% in Cash Back Credits for every $1.00 of qualifying credit card purchases.	9.75%-16.25%**	$0
	Discover® Motiva(SM) Card	-	3.99% APR for 6 months	Earn a 0.25% rebate for up to $1,500 in general spending; 0.5% for over $1,500 up to $3,000; and 1% for over $3,000. Cardholders will also earn .25% rebate on purchases made at select warehouse clubs, discount stores and their affiliates. Earn 5%-20% Cashback Bonus® at participating top online retailers through Discover’s exclusive online shopping site.Rewards are redeemable in $20 increments only.	11.99%	$0
	Discover® Student Card	-	0% APR for 6 months	Earn a 0.25% rebate for up to $1,500 in general spending; 0.5% for over $1,500 up to $3,000; and 1% for over $3,000. Cardholders will also earn .25% rebate on purchases made at select warehouse clubs, discount stores and their affiliates. Earn 5%-20% Cashback Bonus® at participating top online retailers through Discover’s exclusive online shopping site.Rewards are redeemable in $20 increments only.	14.99%	$0

** This APR may vary with the market based on the Prime Rate.

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