Best Cash Back Credit Card

If you like the idea of being given FREE MONEY by banks, a cash reward credit card will help you. These credit cards provide cash back to you when you make purchases, and even sometimes cash advances and balance transfers. Here you can get specific details about what banks offer cash back credit cards and compare their differences. Apply online for a cash back credit card if you find one that’s right for your wallet.

What is Cash Back Credit Card?

Cash back is the most flexible of all credit card rewards. Instead of points that you have to figure out how to redeem — and that you might not be able to redeem for something you want — you get real dollars and cents you can use for, well, anything. Depending on the card you use and where you use it, you’ll earn cash rewards of 1% to 6% of the amount of each transaction. Some cards pay a single, flat rate on every purchase, while others pay higher rates in specific categories and a lower rate on everything else.

Cash Back
Female hands using mobile phone and holding credit card

Best Cash Back Credit Cards

Citi Double Cash Card

Citi Double Cash Card
Annual Fee:
$0
Rewards Rate:
1%-2% Cashback
Intro offer:
$0
Credit Score:
Excellent

Top Benefits

There are no bonus categories to track or spending limits to be mindful of. The combined 2% rate on all purchases is probably the best you’re going to do on a card with a $0 annual fee.

More Information

  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% – 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 13.99% – 23.99%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi’s discretion.

Discover it® Cash Back

Discover. it
Annual Fee:
$0
Rewards Rate:
1%-5% Cashback
Intro offer:
$150-$300
Credit Score:
Excellent

Top Benefits

The 5% categories regularly include big line items in many household budgets: grocery stores, restaurants, Amazon.com. You earn 1% on all other spending (that is, spending outside the bonus categories and category spending above the $1,500 quarterly limit when you activate). This card also puts you in charge of your new cardmember bonus. The more you use the card, the bigger your bonus.

More Information

  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.
  • Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Redeem cash back in any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • #1 Most Trusted Credit Card according to Investor’s Business Daily.
  • No annual fee.
  • Discover is accepted nationwide by 99% of the places that take credit cards.

Chase Freedom Unlimited®

Chase Freedom Unlimited Credit Card
Annual Fee:
$0
Rewards Rate:
1.5%-5% Cashback
Intro offer:
$200
Credit Score:
Good/Excellent

Top Benefits

This card earns 5% cash back on travel booked through Chase; 3% cash back at restaurants and drugstores; and 1.5% on other purchases. New cardholders can snag this sign-up bonus: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.

More Information

  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn unlimited 1.5% cash back on all other purchases.
  • Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.
  • No annual fee.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 – 23.74%.
  • No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open.

Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express
Annual Fee:
$0
Rewards Rate:
1.5%-5% Cashback
Intro offer:
$200
Credit Score:
Good/Excellent

Top Benefits

You earn 3% cash back at U.S. supermarkets (on up to $6,000 spent per year, then 1%), 2% back at U.S. gas stations and select U.S. department stores, and 1% back on everything else. (Terms apply.) You get a 0% intro APR period and a solid bonus offer, too.

More Information

  • Earn $200 back after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% Cash Back at U.S. gas stations and at select U.S. department stores.
  • 1% Cash Back on other purchases.
  • Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%.
  • Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits.
  • No annual fee.

Wells Fargo Cash Wise Visa® card

Wells Fargo Cash Wise Visa card
Annual Fee:
$0
Rewards Rate:
1.5%-5% Cashback
Intro offer:
$200
Credit Score:
Good/Excellent

Top Benefits

You get 1.5% cash back on purchases — and in your first year, that bumps up to 1.8% cash back on qualified digital wallet purchases. You’re also eligible for a good sign-up bonus, as well as a superb 0% introductory APR period for purchases. The cell phone coverage could save you $100 or more a year by allowing you to waive the protection plan offered by your carrier.

More Information

  • Earn a $150 cash rewards bonus after spending $500 in the first 3 months
  • Earn unlimited 1.5% cash rewards on purchases
  • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 14.49% to 24.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
  • 1.8% cash rewards on digital wallet purchases including Google Pay™ or Apple Pay® during the first 12 months from account opening
  • $0 Annual Fee
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Cash Wise Visa® card
  • No category restrictions or sign ups and cash rewards don’t expire as long as your account remains open

Bank of America® Cash Rewards credit card

Bank of America® Cash Rewards credit card
Annual Fee:
$0
Rewards Rate:
1%-3% Cashback
Intro offer:
$200
Credit Score:
Good/Excellent

Top Benefits

The bonus offer is rich for a no-fee cash-back card. You’ll earn 3% cash back in a category you choose and 2% at grocery stores and wholesale clubs, on up to $2,500 per quarter in combined spending in those categories. All other purchases earn 1% cash back. (The 3% options are gas, dining, travel, online shopping, drugstores or home improvement and furnishings; you can change your choice once a month.)

More Information

  • No annual fee
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
  • Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
  • 0% Introductory APR for 12 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 13.99% – 23.99% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
  • No expiration on rewards
  • If you’re a Preferred Rewards member, you can earn 25% – 75% more cash back on every purchase
  • Contactless Cards – The security of a chip card, with the convenience of a tap

Capital One Quicksilver Cash Rewards Credit Card

Capital One Quicksilver Cash Rewards Credit Card
Annual Fee:
$0
Rewards Rate:
1.5% Cashback
Intro offer:
$200
Credit Score:
Good/Excellent

Top Benefits

You earn unlimited 1.5% cash back on every purchase, and you can redeem your cash back in any amount, with no minimum. New cardholders get a great 0% intro APR period for purchases. And don’t sleep on the sign-up offer: One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening.

More Information

  • One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won’t expire for the life of the account and there’s no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 15.49%-25.49% variable APR after that
  • Pay no annual fee or foreign transaction fees

Ink Business Unlimited® Credit Card

Ink Business Unlimited® Credit Card
Annual Fee:
$0
Rewards Rate:
1.5% Cashback
Intro offer:
$200
Credit Score:
Good/Excellent

Top Benefits

You earn unlimited 1.5% cash back on all purchases, with no restricted categories to worry about (something that makes a lot of small-business credit cards a bad fit for gig workers). There’s a 0% introductory period for purchases and a fantastic bonus offer for new cardholders, and you can get free cards for people who work with you in your business.

More Information

  • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase made for your business
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
  • Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
  • With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information.
  • 0% introductory APR for 12 months on purchases

How are cash rebates accrued?

Banks offering cash rebates may accrue your return in different manners. In most cases you earn a percentage of what you spend on the credit card account. This base percentage could be one, two, or sometimes even as high as three percent, depending on the credit card issuer. Some credit card issuers may even extend bonus cash rewards when you make purchases at specific types of stores.

What type of companies qualify for these category bonuses? This too depends on the credit card issuer. Some common company types that several banks provide a bonus on include the following:

  • gas stations
  • grocery stores and supermarkets
  • drug stores and pharmacies
  • convenience stores
  • restaurants
  • clothing stores
  • utility companies
  • cable and other pay television services

You may receive up to 5% or more on these category bonuses. Be careful though, a store that you consider to be in one of these categories may very well not be. A great example is the popular store Wal-Mart. A lot of consumers believe that Wal-Mart is a grocery store since they can buy groceries there. Unfortunately, that is not the case, Wal-Mart in most cases designates their self as a discount store.

Show Me The Money

Now that I’ve accumulated some cash, how do I redeem it? This is a tricky question. In most cases a check will be mailed directly to you. Some banks mail the check automatically after you reach an accumulation hurdle. Others may require that you call to request a check after you reach that threshold.

Another less common method of redeeming your cash back includes receiving a credit on your statement for your accumulated dollars. If getting cash in hand is not as important to you as spending it, some banks may give you an incentive to redeem your accumulated cash as gift cards. The incentive may even be as rewarding as redeeming $20.00 cash back for $40.00 in gift cards, for example.

Student Cash Reward Credit Cards

You’ll not only save by not having an annual membership fee, but you’ll also get money back on the purchases you make with the credit card. Here you’ll find several credit cards offered by different banks that offer you just that – Cash Back. Compare each of the cash reward credit cards and apply online for a free student credit card if you find one that’s right for your wallet

By acquiring free student credit cards, you’ll be on your way to building your credit. Read some tips about managing free student credit cards wisely, that way you can start improving your credit score now and get approved for more credit cards in the future.

A final tip for hunting down a cash reward credit card is to check the yearly cap. You may only be allowed to earn a maximum dollar amount of cash rewards on specific accounts. Some accounts do not have an annual cap though. Depending on how much you plan to spend on the account each year, you may want to take the extra time to find a cash reward credit card without a cap.

Cash Reward Credit Card Applications

By completing a cash back credit card application, you’ll be on your way to earning money on your everyday purchases. I use my credit card for groceries, gas, all utility bills, and more. I earn approximately $50.00 every two months. It’s great getting that extra cash back check every so often.

I hope you have discovered a card that you are interested in. If so, good luck with your new card. If not, keep searching Credit Card Customer Care for other reward credit cards you might be interested in.

Leave a Comment