15 Best Cash Back Credit Cards – Reviews & Comparison

Cash-back credit cards are popular because they provide tangible, easy-to-understand benefits. Who doesn’t like getting a credit on their monthly credit card statement or, better yet, the actual cash deposited into the account of their choice? Cash-back credit cards can be even more popular than our top-rated gas credit cards and travel rewards cards .

But not all cash back credit cards are created equal.

Some offer the same rate of refund on all purchases. Others offer higher cash-back rates on certain expense categories, like groceries or gasoline, and lower rates on everything else. Others offer bonus cash back on expense categories that rotate quarterly. Some accumulate cash back on purchases and monthly payments.

And some cash back cards even fit hybrid models, with cash back on certain expense categories and different types of rewards (like airline miles) on others.

Best Cash Back Credit Cards

You’ll find each type of card on this list of the best cash back cards available to American consumers today.

Keep in mind that most cash back credit cards require applicants to have good to excellent credit, usually indicated by a FICO credit score greater than 700 and sometimes even higher. If you don’t meet that threshold, work to build your credit before applying.

1. Chase Freedom Unlimited®

Chase Freedom Unlimited®

$ 200 sign-up bonus when you spend $ 500 on purchases in the first 3 months and 5% cash back on eligible grocery store purchases (up to $ 12,000 spent) in the first year; Up to 5% cash back on select purchases 

Chase Freedom Unlimited earns unlimited 1.5% on most purchases, with a few exceptions:

You can redeem for virtually anything, in any amount, on the Chase Ultimate Rewards® portal, including cash equivalents, merchandise, and travel.

Chase Freedom Unlimited has a huge (and sometimes overlooked) advantage for loyal Chase credit card customers. If you also have the card Chase Ink Business Preferred (annual fee $ 95), the card travel rewards Chase Sapphire Preferred (annual fee $ 95) or card travel rewards premium Chase Sapphire Reserve (annual rate $ 550), you can transfer the points earned through Freedom Unlimited to those accounts.

You can then transfer those points in a 1-to-1 ratio to several different frequent flyer programs, or redeem them for travel purchases through the Ultimate Rewards portal and receive a 25% to 50% bonus (for example, increasing the value of a 50,000 point redemption at $ 625 or $ 750), depending on the card.

However, keep in mind that you must get Ink Preferred or Sapphire Preferred / Reserve. Having Chase Freedom Unlimited doesn’t necessarily qualify you for those cards.

2. Citi® Double Cash Card

Citi® Double Cash Card

1% cash back when you spend + 1% cash back when you pay your balance; 0% APR on balance transfers for 18 months 

Citi Double Cash’s two-tier cash back program rewards cardholders who pay off their balances in full each month.

As long as you are a cardholder in good standing, you are guaranteed to earn 1% cash back on all eligible purchases posted to your Double Cash account. But you’ll only achieve the card’s 2% effective cash-back rate when you pay off your balance in full, as you should, under normal circumstances.

Two percent cash back isn’t the only Double Cash benefit worth promoting. The card’s 18-month 0% APR balance transfer promotion is among the best in its category, and the value-added benefits are unusually generous for a card with no annual fee.

3. Blue Cash Preferred® Card from American Express

Blue Cash Preferred® Card from American Express

6% cash back at US supermarkets and select digital media services; 3% at US gas stations and transit operators (Including carpool); 1% elsewhere  

If you love the grocery store, you’ll love the Blue Cash Preferred Card from American Express. You get 6% cash back on all US supermarket transactions, up to an annual spending limit of $ 6,000. Once you hit $ 6,000, you get a 1% cash back on purchases from US supermarkets.

You’ll also get a 6% cash back on eligible purchases with digital media and streaming providers like Netflix and HBO.

There is no spending cap on the US Transit Operator and Service Station categories, you ‘ll get 3% cash back for every $ 1 spent at those locations. American Express treats rideshare operators like Lyft and Uber as transit operators, which is great news for those who use those services frequently. And you’ll get 1% cash back on all other purchases, with no limits. Cash rebates accumulate as reward dollars that can be redeemed for statement credits.

A small downside to the Blue Cash Preferred card is American Express’s restrictive definition of “grocery store”. Supermarkets like Walmart, wholesale clubs like Costco, and alcoholic beverage retailers are not considered supermarkets for the purposes of this card.

And the annual fee of $ 95 (see the Fees and Fees page) slightly reduces your earning potential after the first year, when the annual fee is $ 0. But since the 6% cash back from the supermarket doubles What most competing cards offer, you are likely to get by if you take full advantage of this category.

If you’re struggling to meet your annual US supermarket spending limit of $ 6,000 on grocery and dry goods purchases only, make up the difference by purchasing gift cards from other merchants at the supermarket checkout counter. It’s like getting an immediate 6% discount at your favorite restaurants, retail stores, and e-commerce websites.

4. Capital One Quicksilver Cash Rewards Credit Card

Capital One Quicksilver Cash Rewards Credit Card

1.5% cash back on all eligible purchases; $ 200 early investment bonus 

The Capital One Quicksilver Cash Rewards credit card couldn’t be simpler. All eligible purchases made with this card get a 1.5% cash back, with no restrictions on how much you can earn, and you can redeem any amount for a statement credit or paper check. An unusually long introductory 0% APR promotion for purchases and a solid early-spending bonus seal the deal for prospective cardholders.

5. Chase Freedom Flex Card ℠

5% cash back on the first $ 1,500 spent in revolving categories each quarter; 5% cash back on eligible travel purchases made through Chase Ultimate Rewards; 3% reimbursement in dining room and pharmacy purchases  

All purchases made with Chase Freedom Flex earn 1% cash back, with no limits or restrictions. But there is much more to the story. Freedom Flex has several opportunities to routinely earn cash:

Chase Freedom Flex takes advantage of Chase Ultimate Rewards points, a versatile spending currency worth $ 0.01 per point or more, depending on the redemption. Spending in the 1% cash-back category earns 1 point per dollar, while spending in the 5% categories earns 5 points per dollar.

You can redeem for cash back (each point is worth $ 0.01), deliverable as statement credit, bank account deposit, gift card, and direct purchases at select retailers (such as Amazon). There is no minimum to redeem.

One small downside to Chase Freedom Flex: You have to manually activate your 5% revolving categories every quarter. If you don’t do it by the middle of the last month of that quarter, you miss out on the 5% refund opportunity.

6. Citi Custom Cash Card ℠

5% cash back on the first $ 500 spent on your primary eligible expense category each month; Sign-up bonus worth $ 200 

The card Citi Custom Cash  is a card with no annual fee that automatically pays a 5% cash back on the first $ 500 in purchases in its category higher eligible expenses each month without activation. Just spend as you normally would and you’ll get your extra cash back as ThankYou points redeemable for statement credits, bank account deposits, gift cards and more.

Eligible bonus expense categories include:

This card also comes with a solid sign-up bonus and a very long 0% introductory APR promotion on balance transfers and purchases.

7. Card Wells Fargo Active Cash ℠

Unlimited 2% cash rewards on eligible purchases

The card Wells Fargo Active Cash  has a simple rewards program that promises unlimited cash rewards 2% on all eligible purchases, no categories or expiration dates to worry about. Their introductory offer isn’t too bad either, worth $ 200 in bonus cash rewards after spending $ 1,000 in the first 3 months.

Wells Fargo Active Cash also has an impressive 0% APR purchase and balance transfer promotion. It extends for 15 months from account opening, although eligible balance transfers must occur within the first 120 days.

8. American Express Cash Magnet® Card

Unlimited 1.5% cash back on all purchases; Welcome offer worth up to $ 150 

American Express Cash Magnet is an excellent overhead card for consumers who tend not to favor specific purchase categories. Like Capital One Quicksilver, you earn 1.5% cash back on all eligible purchases. And, as a relatively new addition to the Amex stable, it comes with a generous limited-time welcome offer – up to $ 150 in bonus cash. Cash rebates accumulate as reward dollars that can be redeemed for statement credits.

Other benefits include a 15-month 0% APR promotion for purchases (after which the regular variable APR applies, currently 13.99% to 23.99%) and a good list of value-added benefits, including discount opportunities (see rates and fees page ). One big drawback is the $ 25 minimum redemption threshold, which could be a problem for lower spenders.

9. American Express® Gold Card

4 points in US restaurants and supermarkets Up to $ 25,000 in annual category purchases 

The American Express® Gold Card is a premium rewards card that earns a 4% return on eligible purchases at restaurants and supermarkets (up to $ 25,000 in annual expenses at US supermarkets) AND a 3% return on expenses from eligible airfare. Other benefits include a $ 100 annual airline fare credit and $ 10 in meal credits each month with participating networks and apps.

10. Capital One SavorOne Cash Rewards Credit Card

3% cash back on eligible food, grocery, entertainment and streaming purchases

The Capital One SavorOne Cash Rewards Credit Card is one of the most powerful cash back credit cards on the market for people who love to go out and cook. delivery, get a 3% refund.

Better yet, the rewards never expire and can be redeemed at any time and in any amount. Plus, the $ 200 Advance Spending Bonus (available after spending $ 500 on eligible purchases in the first 3 months) is a great incentive to spend early and often.

11. Capital One SavorOne Student Cash Rewards Credit Card

Up to 3% cash back on select purchases

The Capital One SavorOne Student Cash Rewards credit card is almost a carbon copy of the Capital One SavorOne Cash Rewards credit card. Aside from the fact that it is designed for students in two- or four-year degree programs and a few other qualifying higher education situations, the biggest difference is the lack of an early spending bonus.

But when you have such a generous cash back program to fall back on, one that is light years ahead of other student credit cards, is it really that important?

12. Capital One Quicksilver Student Cash Rewards Credit Card

1.5% cash back on all eligible purchases

The Capital One Quicksilver Student Cash Rewards credit card promises 1.5% cash back on all eligible purchases, just like its “parent.” As with SavorOne, the biggest difference is the lack of an early spending bonus for new cardholders.

However, persistence pays off. Use your card responsibly for six months and you may qualify for a credit line increase at Capital One’s discretion.

13. Blue Cash Everyday® Card from American Express

3% cash back at US supermarkets 2% at US gas stations and select US department stores; 1% elsewhere; Strong welcome offer   

The Blue Cash Everyday Card from American Express gives you ample cash back on hard-to-avoid everyday purchases: groceries, staples, fuel, clothing, and household items. You get 3% cash back on purchases at US supermarkets, up to the annual limit of $ 6,000.

After reaching the limit, you get a 1% cash back on grocery shopping, with no spending limit. Cash rebates accumulate as reward dollars that can be redeemed for statement credits.

Meanwhile, the 2% cash back rate for this card at US gas stations and select US department stores is unlimited, as is the 1% cash back on any other place. Your cash back comes as a statement credit. Note that department stores like Target, wholesale clubs like Sam’s Club, and liquor retailers don’t count as “supermarkets,” according to American Express.

14. Citi Costco Anywhere Visa® Card

4% cash back on gas purchases at Costco locations and qualified service stations; 3% cash back on eligible restaurants and travel purchases; 2% cash back at Costco; 1% cash back anywhere else   

The Costco Anywhere card is a premium cash back product exclusively for Costco members. If you’re already spending $ 60 per year (or $ 120, if you’re looking for executive membership) on a Costco membership, and can meet Citi’s strict underwriting requirements, this card is a no-brainer.

Why? For people with long trips, healthy budgets for travel and dining out, and long shopping lists from Costco, the four-tier cash back program is among the most generous. Yes, the redemption framework is a bit shaky – you have to redeem in person at Costco and you only get one chance per year to do so. But most Costco members shop often enough that this isn’t a huge inconvenience.

15. Visa Bitcoin Rewards credit card

Earn at least 1.5% back in Bitcoin on every Fiat purchase

The Visa Bitcoin Rewards credit card is a revolutionary credit card that earns Bitcoin, not cash back rewards, on every fiat purchase. Simply swipe, dip, tap, or enter your card as usual to earn at least 1.5% in Bitcoin on eligible transactions.

This card’s welcome offer is also worth writing about – earn 3.5% in Bitcoin after the first 3 months, up to $ 100 in bonus Bitcoin.

The Bitcoin Rewards Visa card is now available. To qualify and apply, open a funded BlockFi account .

Final word

Even the most generous cash back credit cards rarely offer more than 5% cash back on any purchase. Cards that offer more than 2% or 3% cash back generally require cardholders to track specific expense categories or adhere to purchase limits.

In contrast, APRs for cash back credit cards typically range from 10% to more than 20% in some cases. At those rates, keeping a balance even for a single month can seriously affect your cash-back earnings. Typically having one more month-to-month balance cancels out your cash-back earnings, adding to the true cost of your purchases.

In other words, don’t let the cash-back promise put you to sleep and let your card balances grow over time. It is almost never worth it. If you need to keep a credit card balance from month to month, opt for a low APR credit card .

And if you are concerned about your ability to keep your credit card spending at a level that allows you to make full payments each month, choose a credit card with a low spending limit or a secured credit card that requires you to make a deposit. cash in advance. .

To learn about the fees and charges for the Blue Cash Preferred® card from American Express, visit this fees and charges page.

For the American Express Cash Magnet® card fees and fees, visit this fees and fees page.

For the fees and charges for the American Express Blue Cash Everyday® card, visit this fees and charges page.

Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airline or hotel chain, and has not been reviewed, approved or endorsed by any of these entities. The opinions expressed here are solely those of the author, not the bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or endorsed by any of these entities.

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