Best Cash Back Credit Cards 2011

Let’s face it, credit cards are as much a part of our lives as cash. We perpetually have it in our wallets, we use it to make the simplest purchases such as groceries, and sometimes we wouldn’t be able to live without it. Since credit cards have become such a staple, why not get the credit cards that reward you every time you make a purchase? And I’m not only talking about rewards cards, but cash back credit cards.

What are the advantages of Cash Back Credit Cards?

Cash back credit cards allow you to receive rebates on purchases you make. Some credit card companies can give you as much as 5% cash back return on the most practical of purchases made in groceries, gas stations, pharmacies, restaurants and the like. The cash back works just like a 5% discount on all these purchases, accumulating to become a huge savings on your part by the end of the year. Usually, people who have a strong credit card history and a good credit score are eligible to have cashback credit cards.

What to Watch Out For With Cash Back Credit Cards?

If you intend to keep a balance on your card, it may be wiser to instead seek a low interest credit card rather than a cash back rewards card. This is because cash back cards usually have a higher interest rate. Also, it is important to check on the details of the credit card such as if there is a limit to the revenue that you can receive, if there is an expiry date to the cash back rewards program, and if cash back expires if you don’t use your card for a certain period of time.

Here are some of the best cash back credit cards 2011 has to give:

Best Cash Back Credit Cards 2011

Please wait

What better way to spend your money, than with the knowledge that every time you make a purchase, a certain amount will be paid back to you? That’s exactly what cash back credit cards can give their patrons. With cash back cards, it’s as if you’re getting a part of your money back every time you spend.

Getting a return of cash on purchases made is certainly a good deal. After all, we will all eventually spend to on things such as food and gas. So why not take advantage of these credit card offers and earn from the money you spend.

Best Credit Cards 2011

Ever since the dawn of credit cards, making purchases with no need for cold cash has become so easy. The names VISA and MASTERCARD have replaced George Washington and Benjamin Franklin in our wallets simply because paying with credit is becoming more hassle free.

Aside from the convenience it brings, credit card companies are now packing their cards with discounts, freebies and rewards. Here are the top five credit card deals, taking into account low interest rates plus heaps of rewards:

1. Discover More Card – For this card you can get a cool introductory 0% APR on purchases and balance transfers for as long as 15 months. After the introductory period, standard rates of 11.99-20.99% will apply. Aside from the good rate, you get a 5% cash back bonus in practical purchases such as travel, gas, groceries, restaurants, home improvement sotres and loads more. Plus you get a 1% unlimited cash back bonus on all other purchases. And what’s more, there’s no annual fee.

2.Discover Student Open Road Card – Aside from having 0% introductory APR on purchases and balance transfers for 9months, you also get a double cash back bonus at any gas station and restaurant. You get up to 1% unlimited Cashback Bonus on everything else you buy, with $0 fraud liability. Again, there’s no annual fee for this card.

3.Discover More Card -$50 Cash back bonus – Do you think you can spend $250 on your credit card in the first three months? If the answer is yes, then the Discover More $50 Cash back bonus card is for you. This card will give you a bonus of $50 once you make a $250 purchase within the first three months. Introductory APR will be 0% for balance transfers for 12 months, and 0% on purchases for 6 months. After that, variable APR will be between 11.99% and 20.99%. Again there’s a 5% Cash back bonus in travel, gas, restaurants and home improvement stores.

4. Discover More Student Card – 0% introductory APR for purchases for the first 9 months. Get a 5% cash back bonus in categories like travel, gas, department stores, groceries and restaurants. 1% unlimited cash back bonus on all other purchases with no annual fee.