Best Cash Back Credit Cards 2012

Cash back credit cards are a great tool if you want to earn rewards and rebates from your spending. Since the rewards are in the form of cash and not in points or miles, they are extremely flexible, letting you spend them on anything. The cash back credit cards have been ranked according to customer satisfaction and excellence in rewards. Here are the best credit cards for this year so far:

Chase Freedom® Visa

From the moment you own this card, you can start earning rewards. The required amount that you need to spend is reasonable so it is easier to gain extra incentives. Each quarter, there are rotating categories that you can sign up for. This lets you get access to huge cash back rewards. That’s not all; you can even earn cash back every time you make a purchase. There is no minimum required amount of purchase in order for you to qualify for the annual bonus. In addition, you can earn as much cash back as you want, store them for future use, and redeem them whenever you want.

Citi® Dividend Platinum Select® Visa® Card

If you are looking for a no annual fee credit card that offers stunning cash back rewards, the Citi® Diamond Preferred® Card is a great choice. Become a card holder and spend credits on your purchases to get cash back automatically. You can get a large percentage of your entire expenditures when you use your card to pay for your purchases at their partner companies. These include Old Navy, Banana Republic, and Gap. They also have rotating categories that you can sign up for to gain big rewards.

Discover® Motiva and Discover® More® Cards

These two cards do not require that you pay for an annual fee to enjoy their exceptional rewards. Each purchase you make will not go unrewarded. What’s more, you can get back a very high percentage of your expenses if you shop online via Discover.com. Aside from cash backs, they also have an introductory 0% offer on both purchases and balance transfers. The interest rates on Motiva are higher than the Discover® More® Card. However, if you are a good customer and you pay all your bills on time, you will get lower rates eventually.

Blue Cash EverydaySM Card and Blue Cash PreferredSM Card from American Express

Spend enough credits and you will get instant cash back rewards. Blue Cash PreferredSM Card offers higher cash back but Blue Cash EverydaySM Card has no annual fee. Both cards require that you have excellent credit to get approved. Cash back rewards are given in the form of dollars which you can earn unlimitedly. These two cards are straightforward with no rotating categories, just plain cash back on all purchases.

1-2-3 REWARDS® Visa® Card

This card is issued by the US Bank and it gives you unrestricted rewards at various partner stores including Kroger and City Market. Earn points and once you reach a specific number, you can get groceries for free. Furthermore, you also get to save on every gallon of fuel that you purchase at the fuel centers of Kroger Family of Stores. The APR is also lower than most cash back rewards cards.

So far, these are the best cash back credit cards of 2012 based on the review of consumers.