Top Cash Back Credit Cards 2020 – Review New Offers and Deals
Cash Back Credit Cards are among the most competitive and highly sought after by consumers. This year we saw major card companies expand on the depth of the cash back promotions to feature rotating bonus opportunities by shopping at select retail stores, visiting online sites and tiered levels for restaurants an grocery stores. In 2020, it is all but certain that the level of competition for consumers who are searching for cash back credit cards will increase, which should elevate the promotions and offers in this category for the entire year.
Guide to the top rated cash back cards in 2020 – Top Cash Back Cards for The New Year
Rewards credit cards are credit cards that allow you to earn cash back when you swipe the card for your purchases at a store. These cash back rewards can be redeemed at anytime you want. You need to have a credit score of 690 – 850 in order to get approved for a cash back rewards card.
A Quick Guide to Finding the Top Cash Back Credit Card Offers
Cash back credit card offers are a dime a dozen these days, but if you’re careful about how you choose yours, you can yield considerably favorable results. Since you likely spend frequently with your plastic anyway, why not get a little something back in return?
New For March 2020! An Amazing 3% Cash Back Rewards Card – Get Full Details and See our In-Depth Review
Beating the Averages
Most cards give you one percent cash back on your annual purchases and beating that deal can get complicated. Some offer as much as five percent if you buy certain items or buy from categories that change, provisional to substantial spending. The best way to find the top cash back credit card and get it to really work for you is to really work its terms. Know what they are in advance and plan your spending around them without exception.
Review the Top New Cash Back Card Offers On Chase, Barclay, Citigroup, Capital One and American Express Cards in 2020 To Get The Best Deals
Categories and Expiration
Many cash back rewards are exclusive to purchases made in certain categories, such as gas and dining. It’s a good idea to think ahead about how you will meet the conditions of the card, because you can end up saving a lot of money and earning your rewards at the same time. Also, taking note of when your bonuses expire is a good idea. Although most give you plenty of time, you want to use them on your own terms, and not be rushed about it.
Strings Attached to Bonuses
The sign-on bonus for cash back credit cards should be examined carefully. Most cards stipulate that you must meet a minimum purchase amount or they limit your opportunities with bonuses to the first few months after issue. The minimum amount can be as high as a few thousand dollars and you must spend that much in three months or less. A minority of cards will allow you to earn the bonus simply for completing your first purchase.
Many cash back rewards credit cards limit the amount consumers can earn in any given year. While this makes a lot of sense for the credit card companies, it can be disappointing to you, the card bearer. If, for example, you calculate an annual cash back bonus based on advertised rates alone, you may be expecting to earn a lot more than what is allowed. Most of these deals end up being favorable, just not as favorable as you might like.
Invest in Research
While cash back credit cards have a lot to offer you, if you fail to read the fine print on every prospect, you may not end up with the best deal. Research the cards by making your own chart based on spending requirements and stipulations to avoid the dizzying double talk. Knowing exactly what each card offers you and restricts you to is the best and only way to find the one that will work best for you.
Finding the top cash back credit card offer should pay off handsomely for you, by rewarding you for what you do anyway, which is buy things. Choose a card that complements your consumer profile and find yourself ahead in the spending game.
American Express Cards
Amex EveryDay® Credit Card
American Express® Green Card
Blue Cash Everyday® Card
Blue Cash Preferred® Card
Gold Delta SkyMiles® Credit Card
Hilton HHonorsTM Card from American Express
Platinum Card® from American Express
Platinum Delta SkyMiles® Credit Card
Premier Rewards Gold Card
Bank Cash Rewards™
Bank Travel Rewards®
Bank Better Balance Rewards™
Bank Cash Rewards™ Students
MLB® credit card
Barclay Credit Cards
Barclaycard Arrival Plus™ World Elite MasterCard®
Barclaycard CashForward™ Mastercard
Barclaycard Rewards MasterCard®
Barclaycard Ring MasterCard®
Barclaycard Visa® with Apple Rewards Card
Hawaiian Airlines® Business MasterCard®
Journey® Student Rewards
Spark® cash back rewards
Spark® miles rewards
Chase Ink Cash
Chase Ink Plus
Chase Sapphire Preferred
Disney Premier Visa
The Ritz-Carlton Rewards
Citi® / AAdvantage® Platinum Select® MasterCard®
Citi® / AAdvantage® Gold MasterCard®
CitiBusiness® / AAdvantage® Platinum Select® World MasterCard®
Citi® Diamond Preferred® Card
Citi® Double Cash Card
Citi® Hilton HHonorsTM Visa Signature®
Citi Prestige® Card
Citi Simplicity® Card
Citi ThankYou® Preferred Card
Citi ThankYou® Preferred Card for College Students
PenFed Premium Travel Rewards American Express® Card
PenFed Platinum Rewards VISA Signature® Card
PenFed Promise Visa® Card
PenFed Gold Visa® Card
The following are the top 5 cash back rewards credit cards for 2020
1. Chase Freedom
Chase Freedom offers 5% cash back when you spend money on rotating categories. When your balance reaches a minimum of $500, you will be rewarded with a $150 cash back sign up bonus. To redeem the cash back bonus, you must opt in for the bonus category. Chase Freedom is ideal for people who want to apply a card that give them optimal cash back.
2. American Express Blu Cash Preferred Card
American Express Blu Cash Preferred Card is an every day rewards card that offers up to 6% cash back for grocery shopping. You will keep on getting reward with the 6% cash back until you have spent $6,000. Purchases made at a local gas station will get you a 3% cash back reward. It is worthwhile to sign up for the Blu Cash Preferred Card if you use the card to spend over $1,600 annually.
3. Citi Double Cash Card
Citi Double Cash Card offers 2% cash back rate but you only get 1% cash back instantly credited into your account when your card is swiped. The other 1% cash back will be credited to your account when you settle the repayment for the balance of the card in full. The cash back can be redeemed as a statement credit or in the form of a gift card. You can also request that they send the cash back rewards via check.
4. Wells Fargo Cash Wise Visa® Card
Wells Fargo Cash Wise Visa® card is an impressive cash back card offering 1.55 on all purchase. This is a great option for using at local restaurants, online stores and gas stations. The card is great for consumers who love cards without annual fees and carries some impressive sign up offers to get started with an amazing bonus card today!
5. Capital One Quicksilver Cash Rewards
Capital One Quicksilver Cash Rewards credit card offers great options for cash back. It’s consistently among the top cash back card offers and borrowers love the customer services and perks that come with using a Capital One credit card.
Upromise World Mastercard
Citi Thank You Preferred Card
Citi Dividend Platinum Select Card
American Express Costco Card
Chase Saphire Card