Cash Back Credit Cards

I cringe every time I see someone at the grocery store paying with their ATM check card rather than a cash back credit card.

These days, there really isn’t a reason not to pay for your everyday purchases with a credit card. Card issuers frequently have cards that pay 3-5% cash-back at grocery stores, drug stores, restaurants, and gas stations.

Bankaholic has surveyed all rewards credit cards to find the top 3 cash-back cards available.

SimplyCash® Business Card from American Express
The AmEx SimplyCash Credit Card pays 5% back on all purchases at the pump. Here in Southern California, there is no problem finding large gas stations that accept American Express, like Chevron, Texaco, Shell Gas, and Mobil-Exxon. Earn 5% cash back on gas, office supplies, and wireless services, and 1% cash back on virtually all other purchases

Citi Professional Card with ThankYou Network
The Citi Professional Card will award you 3% cash back in the form of ThankYou points for every $1 spent at restaurants, gas, car rentals, and office supplies. ThankYou points can be redeemed for gift cards. There are no fees on this card. In addition, since this card is geared toward young professionals, Citi will mail you an itemized spending report every quarter, informing you of what kinds of purchases you made. This feature is great for taxes.

Citi Dividend Platinum Select Card
The Citi Dividend Platinum Select Card lets you earn 5% cash back at gas stations, supermarkets and drug stores, convenience stores, and utilities including cable for 6 months and 2% thereafter. Earn 1% on all other purchases forever. This card has no annual fee, and it is a great all around card for families and young professionals.