| Best Cash Back Credit Cards | 
Chase Freedom(SM)
- 3% bonus cash back offers in popular, rotating categories like gas, home improvement and department stores
- Full 1% Cash Back on everything else - no spending tiers or caps on how much you can earn
- Up to an additional 20% cash back at select merchants when you shop online through Chase
- 0% Intro APR and No Annual Fee
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|  | How Do Cash Back Credit Cards Work?
You can admit it. I will. We are always looking for ways to beat the system. It doesn't have to be a big win. Just a win! Could that be the reason that cash back credit cards have found such popularity? Of course we want to cut costs and save a little more and a yearly rebate check, if that is how your card works, makes us feel a little happier.
Not all cash back credit cards are created equal so finding the right card is going to involve a little work. Some cards only give you cash back on certain purchases. Fuel purchases, for example, may earn you rewards while grocery and retail purchases may not. There are a plethora of cards on the market that give you cash back regardless of your purchase. The drawback, however, is that often the terms aren't quite as attractive.
If you're a studious consumer and have done a lot of research on credit cards before making your choice, you have surely heard the advice far more than once: Make sure to read all of the fine print. While one card may offer you 10% cash back, it may only be on travel purchases up to $1,000. While the 10% is attractive, the $1,000 is not since a family vacation to even a neighboring state may surpass that $1,000.
Cash back credit cards are the perfect fit for the consumer who uses their credit card for all of their purchases. From the $500 computer to the $4 cup of coffee, this person doesn't carry cash. It is not for the consumer who carries a balance across months or years and it isn't for the delinquent bill payer. Cash rewards disappear quickly when interest and fees are charged against it.
The question that is most often on the minds of consumers is, "how do I get the money?" This is a very important question because just like interest rate and cash back percentage, this varies largely between card companies. Some will offer you a 3%, no hassle rebate paid at the end of each year. It is 3% of all of your purchase. That's as complicated as it gets. They will send you your reward and feel good that all of that purchasing made you a little bit of money towards next month. The drawback is that convenience often has its price so your rebate percentage may be lower than other cards.
You might have another card offer that has a more attractive 7% rebate but it is calculated using a variable something or other minus prime rate plus 10. You don't know what that means so just the calculation method alone may make that 7% rebate not quite as attractive when compared to a 3% rebate calculated on all purchases, period.
With this attractive 7% card, there may be some complicated redemption procedures. To say it differently, the hoops you have to jump through may be numerous and if you're a full time employee and mother of 2 young kids who are full of life, these hoops may not be worth the extra $20 you made not going with the 3% card.
Cash back credit cards are an easy way to get some money back at the end of the year but like all things financial, do your shopping before signing on the line.
Compare Cash Back Credit Cards
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