Top 4 Cash Back Credit Card Offers for Excellent Credit
The right credit card can put money back in your pocket. If you’re going to spend, why not get rewarded for it? For people with excellent credit, banks are ready to qualify you for some of the best cash back credit cards. Plus, many of them come with large sign-up bonuses that will start you off right.
After analyzing hundreds of credit cards, these are the top credit card offers that we recommend for people who have excellent credit:
The Bank of America Cash Rewards credit card is our No. 1 pick because of generous cash back rewards on gas, grocery stores, and wholesale clubs. This includes Costco, Sam’s Club, and BJ’s.
Additionally, the card gets even more amazing if you’re a Bank of America checking or savings customer. You get a 10% cash back redemption bonus when you deposit the cash back into a Bank of America account.
For example, if you redeem $1,000 cash back, you’ll get a $100 bonus!
Why we like it:
Gas and grocery purchases are two of the most common spending categories for Americans. You’re likely to rack up a generous amount of cash back on these everyday purchases. It is most effective with a Bank of America checking or savings account. All of this comes with no annual fee.
The USAA Preferred Cash Rewards Visa Signature card is great card for international travel because there are no foreign transaction fees. Normally, a foreign transaction fee is 3% of the purchase amount.
Other interesting perks include free personal concierge service, benefits for military members, and no penalty APR. There is no introductory APR, but there is no annual fee.
Note: You are eligible to USAA membership if you are active military, former military, families, and cadets or midshipmen.
Why we like it: There are no foreign transaction fees and the military perks are great. Firstly, this card would be good for all kinds of spending during international trips.
Secondly, lower interest rates apply when service members are on active military duty.
The Fidelity Rewards Visa Signature Card offers 2% cash back on all purchases, with no limit - one of the best cash back offers available anywhere. Plus - it has no annual fee.
The biggest caveat is that the cash back can only be redeemed through a Fidelity Investments account, such as a brokerage account or IRA. Fidelity offers its free Cash Management that is very similar to a checking account. This account can be used to collect the cash back and used freely.
Why we like it:
This cards offers the top cash back rate without category limits. If you don’t mind the hurdle of cashing out rewards through a Fidelity account, you’ll earn plenty of cash back on all spending.
A cash back credit card is most rewarding for people who never carry a credit card balance. It ensures that they never lose any money to fees and interest. Meanwhile, cash back is earned on purchases that will be made anyway.
We suggest reviewing your card spending habits from the past year. You’ll be able to identify where you spend frequently. Then, you can decide on which of the above credit cards will allow you to end up with the most cash back.