Top 10 Cashback Credit Cards
Cashback credit cards are a type of credit card that rewards users by returning a small percentage of the money they spend on purchases. This cash back can typically be applied as a statement credit, deposited directly into a bank account, or used for other rewards like gift cards or travel credits.
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These cards often come with various earning rates depending on the spending category, such as groceries, gas, dining, or online shopping. Some cashback credit cards offer flat-rate rewards, where you earn the same percentage on every purchase, while others have tiered or rotating categories that provide higher cashback rates for specific types of spending. It's important to consider the annual fee, if any, and the card's terms and conditions to maximize the benefits. Additionally, some cards offer introductory bonuses, which can provide a significant amount of cashback if you meet a spending threshold within the first few months. Responsible usage and timely payments are crucial to avoid interest charges that can negate the benefits of the cashback rewards.
Chase Freedom UnlimitedView AllChase Freedom Unlimited - Cash back card with no annual fee.
Citi Double Cash CardView AllCiti Double Cash Card - 2% cash back on all purchases; no annual fee.
Blue Cash Preferred Card from American ExpressView AllBlue Cash Preferred Card from American Express - High cashback on groceries, gas, and streaming services.
Discover it Cash BackView AllDiscover it Cash Back - Credit card offering rotating 5% cash back categories.
Capital One Quicksilver Cash Rewards Credit CardView AllCapital One Quicksilver Cash Rewards Credit Card - Unlimited 1.5% cash back, no annual fee.
Wells Fargo Active Cash CardView AllWells Fargo Active Cash Card - Flat 2% cash back, no annual fee.
American Express Cash Magnet CardView AllAmerican Express Cash Magnet Card - Unlimited cashback with no annual fee.
U.S. Bank Cash+ Visa Signature CardView AllU.S. Bank Cash+ Visa Signature Card - Customizable cashback with no annual fee.
Bank of America Customized Cash Rewards Credit CardView AllBank of America Customized Cash Rewards Credit Card - Flexible cashback categories with no annual fee.
Top 10 Cashback Credit Cards
1.
Chase Freedom Unlimited
The Chase Freedom Unlimited® is a popular cash-back credit card offering 1.5% cash back on all purchases, with no annual fee. It also provides 5% cash back on travel booked through Chase Ultimate Rewards®, 3% on dining and drugstore purchases, and 1.5% on all other purchases. New cardholders can benefit from a generous introductory offer, including a 0% APR on purchases and balance transfers for the first 15 months. It’s ideal for those seeking versatile rewards and simplicity.
Pros
No annual fee- Unlimited 1.5% cash back
- Intro APR offer
- Travel and dining rewards
- Purchase protection.
Cons
Foreign transaction fee-
Requires good credit
-
Higher APR after intro
-
Limited bonus categories
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No direct airport lounge access.
2.
Citi Double Cash Card
The Citi Double Cash Card is a versatile credit card offering up to 2% cash back on all purchases—1% when you buy and an additional 1% when you pay. It has no annual fee and features an introductory APR on balance transfers. Ideal for those seeking straightforward rewards and value, it also includes benefits like purchase protection and access to Citi Entertainment. Note that it requires good to excellent credit for approval.
Pros
- 2% cash back
- no annual fee
- easy redemption
- 0% intro APR
- worldwide acceptance.
Cons
- Foreign transaction fee
- no sign-up bonus
- limited benefits
- no travel rewards
- high balance transfer fee.
3.
Blue Cash Preferred Card from American Express
The Blue Cash Preferred® Card from American Express is a rewards credit card ideal for families and everyday spending. It offers an impressive 6% cash back at U.S. supermarkets (up to $6,000 per year, then 1%), 6% on select U.S. streaming services, 3% at U.S. gas stations and on transit, and 1% on other purchases. The card features a welcome bonus and a $0 intro annual fee for the first year, then $95. Terms apply.
Pros
- High cashback on groceries
- Cashback on streaming services
- Good welcome bonus
- Cashback on transit
- No foreign transaction fees.
Cons
- Annual fee
- Cashback categories capped
- Limited acceptance abroad
- Requires good credit
- No travel rewards.
4.
Discover it Cash Back
The Discover it® Cash Back is a popular credit card offering 5% cash back on rotating quarterly categories, such as groceries, gas, or dining, up to a quarterly maximum, after activation. All other purchases earn 1% cash back. It features no annual fee, a dollar-for-dollar match of all cash back earned in the first year, and includes benefits like free access to your FICO® credit score. The card is ideal for users seeking to maximize rewards through strategic spending.
Pros
- 5% cash back on rotating categories
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No annual fee
-
Cashback match for the first year
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Free FICO credit score
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No foreign transaction fees.
Cons
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Spending caps on bonus categories
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Rotating categories require activation
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Limited international acceptance
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High APR after introductory period
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No travel rewards.
5.
Capital One Quicksilver Cash Rewards Credit Card
The Capital One Quicksilver Cash Rewards Credit Card offers a straightforward rewards structure with 1.5% cash back on every purchase, every day. There's no annual fee, and new cardholders can benefit from an introductory 0% APR on purchases and balance transfers for the first 15 months. Additionally, there's a one-time $200 cash bonus after spending $500 within the first three months. It’s ideal for those seeking simplicity and consistent rewards.
Pros
- No annual fee
- Unlimited 1.5% cash back
- No foreign transaction fees
- Easy redemption
- Intro APR on purchases.
Cons
- Higher APR after intro period
- No bonus categories
- Limited travel perks
- Requires good credit
- No premium benefits.
6.
Wells Fargo Active Cash Card
The Wells Fargo Active Cash Card offers a straightforward and rewarding cash back experience with 2% unlimited cash rewards on purchases. It features no annual fee, a 0% introductory APR for 15 months on purchases and qualifying balance transfers, and convenient contactless payment options. Additionally, new cardholders can earn a $200 cash rewards bonus after spending $500 in purchases within the first 3 months. Ideal for those seeking simplicity and generous everyday rewards.
Pros
- 2% cash back
- no annual fee
- $200 sign-up bonus
- 0% intro APR
- Visa benefits.
Cons
- Foreign transaction fees
- high regular APR
- limited redemption options
- no bonus categories
- strict approval requirements.
7.
American Express Cash Magnet Card
The American Express Cash Magnet® Card offers a straightforward 1.5% cash back on all purchases, with no annual fee. Ideal for those seeking simplicity, it features a 0% introductory APR on purchases for the first 15 months, followed by a variable APR. Cardholders can also benefit from Amex-exclusive perks like purchase protection, extended warranty, and access to entertainment events. It's a solid choice for everyday spending and effortless rewards.
Pros
- No annual fee
- Unlimited 1.5% cash back
- Intro APR on purchases
- Contactless payment
- Access to Amex Offers.
Cons
- Foreign transaction fee
- Requires good credit
- Limited rewards structure
- No bonus categories
- Limited acceptance abroad.
8.
U.S. Bank Cash+ Visa Signature Card
The U.S. Bank Cash+ Visa Signature Card is a versatile cash-back credit card offering customizable rewards. Cardholders can earn 5% cash back on two categories of their choice, 2% on one everyday category like groceries or gas, and 1% on all other purchases. It features no annual fee and provides additional benefits such as Visa Signature perks, including travel and purchase protections. Ideal for those seeking flexibility in earning rewards tailored to their spending habits.
Pros
- Customizable rewards
- No annual fee
- Generous cashback categories
- Intro APR on purchases
- Visa Signature benefits.
Cons
- Limited redemption options
- Requires good to excellent credit
- Foreign transaction fees
- Quarterly category selection
- $25 minimum redemption.
9.
Bank of America Customized Cash Rewards Credit Card
The Bank of America Customized Cash Rewards Credit Card offers versatile cash back options, allowing users to choose a 3% cash back category from options such as gas, online shopping, dining, and more, with 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter). All other purchases earn 1% cash back. It features no annual fee, and cardholders can enhance rewards through Bank of America's Preferred Rewards program.
Pros
-
3% cash back in chosen category
- 2% on groceries
- no annual fee
- flexible reward categories
- online banking tools.
Cons
-
3% foreign transaction fee
- limited bonus categories
- cash back cap on higher rewards
- high APR
- requires good credit.