If an annual fee is a deal breaker for you then the Blue Cash Everyday® Card from American Express (a CardCritics advertiser) is a fantastic choice for your cash back needs. This card offers a good balance of ongoing rewards, a welcome offer and a generous intro APR period on purchases and balance transfers. Round that out with other perks and the card member benefits that American Express is well known for and you have yourself an excellent cash back card.
Up to 3% Cash Rewards
You will earn 3% cash back at U.S. supermarkets on up to $6,000 per year in purchases, 3% cash back on U.S. online retail purchases on up to $6,000 per year and 3% cash back at U.S. gas stations on up to $6,000. After the category caps are hit you will earn 1% back and will also earn 1% back on all of your other eligible purchases. If you spend a lot on groceries then you should also consider the Blue Cash Preferred® Card from American Express which does have an annual fee but it is waived for the first year and it offers even more cash back on your grocery purchases and does not cap your 3% cash back at gas stations.
$200 Cash Rewards Bonus
To kick your cash back earnings into high gear you can earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. You will receive your cash back in the form of statement credits.
Generous Introductory APR
As a new card holder, you’ll also get a 0% intro APR on purchases and balance transfers for 15 months, followed by a 18.24%-29.24% Variable APR. The savings can add up quickly when you aren’t paying interest for over a year. Just make sure you’re at least paying your minimum payment and budgeting to pay off your balance by the time the 15 months is up, if possible.
Make sure you check out the other great benefits American Express offers their card holders. From ticket presales to their top-notch mobile app, there is a lot to love. Select ‘Apply Now’ to view all of the details about the benefits they offer.
670 – 850*
3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
3% Cash Back at U.S. gas stations, on up to $6,000 per year in purchases, then 1%.
Other Cash Back Options
If you are in the market for a flexible cash back card without an annual fee then the Blue Cash Everyday® Card from American Express is tough to beat. Since it is always good to compare your top options, we have rounded up some other compelling cash back cards that may appeal to you as well.
Unlimited 2% Cash Back
This card from Wells Fargo is an exciting option that also has a $0 annual fee. You will earn an unlimited 2% cash rewards on purchases which means there are no activation requirements for special categories or monthly caps to worry about. Earning 2% rewards on all of your purchases is tough to beat making it a stand out option for anyone looking for a low maintenance cash rewards card that will allow you to accumulate cash rewards really quickly. There is also a sign-up bonus worth $200 in cash rewards that can be earned by spending at least $1,000 in the first three months after you are approved. It also offers a 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 19.24%, 24.24%, or 29.24% variable APR will apply.
Excellent Cash Back Option for Poor or Limited Credit
The no annual fee Discover it® Secured Credit Card allows you to earn cash back while you build your credit with responsible use. You will Earn 2% back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. You will also earn an unlimited 1% back on all other purchases. Making it even more enticing, the cash back you earn your first year will be automatically matched. There is no credit check to apply and you establish your credit line by providing a refundable security deposit of at least $200. Discover also starts automatic reviews of your account after seven months to see if you are eligible to transition to an account without a security deposit.
As you can see, it is a great time to be in the market for a new cash back credit card. Issuers are really stepping up their game and offering incredible perks to win your business. Credit card offers like this often don’t stick around forever so we suggest applying for one of these stand-out options today.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*CardCritics references a FICO® 8 score, which is one of many different types of credit scores. A financial institution may use a different score when evaluating your application.