10 Best Cashback Credit Cards
10 Best Cashback Credit Cards
Cashback credit cards are a popular financial tool that allows cardholders to earn a percentage of their spending back in the form of cashback rewards. These cards typically offer cashback on a wide range of purchases, including categories like groceries, gas, dining, and even everyday spending. The cashback you earn can be redeemed as a statement credit, direct deposit, or gift cards, depending on the credit card issuer's policy. Most cards offer either a flat-rate cashback percentage on all purchases or higher cashback on specific categories bonus that change from time to time.
The primary benefit of cashback credit cards is that they allow you to earn rewards simply for spending on everyday purchases. By selecting a card with cashback offers aligned with your spending habits, you can easily accumulate rewards and save money. Many cashback credit cards come with added perks, such as no annual fees, introductory bonus offers, and low-interest rates for new cardholders. Whether you're looking to maximize rewards on groceries, travel, or dining, a cashback credit card can help you get the most out of your purchases. Below is a list of the 10 best cashback credit cards currently available.
1.
Chase Freedom Unlimited®
The Chase Freedom Unlimited® is a popular cashback credit card that offers a simple and rewarding way to earn cashback on everyday purchases. It provides a combination of unlimited cashback in multiple categories, including a high rewards rate on travel, dining, and drugstore purchases. Additionally, it features an attractive sign-up bonus and no annual fee, making it a great choice for a variety of consumers.
Unlimited 1.5% Cashback: Earn 1.5% cashback on every purchase with no limits or categories to track.
Bonus Categories: Earn 5% cashback on travel purchased through Chase Ultimate Rewards®, 3% on dining (including takeout and eligible delivery services), and 3% at drugstores.
Sign-Up Bonus: New cardholders can earn a $200 bonus after spending $500 on purchases in the first 3 months.
No Annual Fee: There’s no annual fee, making this card cost-effective for users.
Access to Chase Ultimate Rewards®: The card is part of the Chase Ultimate Rewards® program, meaning you can pool points with other Chase cards for enhanced redemption options, including travel, gift cards, and statement credits.
Bonus Categories: Earn 5% cashback on travel purchased through Chase Ultimate Rewards®, 3% on dining (including takeout and eligible delivery services), and 3% at drugstores.
Sign-Up Bonus: New cardholders can earn a $200 bonus after spending $500 on purchases in the first 3 months.
No Annual Fee: There’s no annual fee, making this card cost-effective for users.
Access to Chase Ultimate Rewards®: The card is part of the Chase Ultimate Rewards® program, meaning you can pool points with other Chase cards for enhanced redemption options, including travel, gift cards, and statement credits.
Chase Freedom Unlimited®Check HereChase Freedom Unlimited® - - Earn 1.5% cashback on every purchase, plus 5% on travel purchases through Chase and 3% on dining and drugstore purchases.
Pros
High Cashback Rates: Earn 5% on travel, 3% on dining and drugstore purchases, and 1.5% on everything else.- Sign-Up Bonus: The $200 bonus is an easy target with the relatively low spending requirement.
- No Annual Fee: The lack of an annual fee helps maximize your overall cashback rewards.
- Chase Ultimate Rewards® Program: You can redeem your cashback as Chase Ultimate Rewards® points, which have greater flexibility and value when used for travel or combined with other Chase cards.
- Introductory APR: 0% introductory APR on purchases for the first 15 months, which is great for making larger purchases or transferring balances.
Cons
Foreign Transaction Fees: The card charges a 3% fee on foreign transactions, which can add up if used abroad.- Rewards Limited to Certain Categories: While 1.5% cashback on all purchases is decent, higher rates are limited to travel, dining, and drugstore purchases.
- Requires Chase Ultimate Rewards® Account: To maximize the value of points, you'll need to have or open a Chase Ultimate Rewards®-eligible account, such as the Chase Sapphire Preferred® or Chase Sapphire Reserve®.
Key Features
1.5% Unlimited Cashback: Earn on all purchases, with no category restrictions.
5% Cashback on Travel via Chase Ultimate Rewards®: For bookings through Chase Ultimate Rewards®.
3% Cashback on Dining and Drugstores: Including takeout and eligible delivery services.
$200 Sign-Up Bonus: Spend $500 in the first 3 months.
No Annual Fee: No extra charge for using the card.
0% Intro APR: On purchases for the first 15 months.
5% Cashback on Travel via Chase Ultimate Rewards®: For bookings through Chase Ultimate Rewards®.
3% Cashback on Dining and Drugstores: Including takeout and eligible delivery services.
$200 Sign-Up Bonus: Spend $500 in the first 3 months.
No Annual Fee: No extra charge for using the card.
0% Intro APR: On purchases for the first 15 months.
Why Is Recommended
The Chase Freedom Unlimited® is an excellent choice for those who want a straightforward cashback card with attractive earning potential in several categories, including travel, dining, and drugstores. Its unlimited 1.5% cashback on all other purchases makes it a versatile option, and the sign-up bonus provides a quick way to earn extra value. The no annual fee makes it a cost-effective option, and the ability to transfer points to other Chase cards for enhanced rewards is a big advantage. This card is highly recommended for consumers who want a well-rounded, easy-to-use cashback card with great value.
2.
Blue Cash Preferred Card from American Express
The Blue Cash Preferred® Card is a cashback card offering high cash back rates on everyday spending categories like US supermarkets, US streaming services, and transit.
6% Cash Back at US Supermarkets: Earn 6% on up to $6,000 per year in purchases at US supermarkets (then 1%).
3% Cash Back on Transit: Earn 3% on taxis, rideshares, parking, public transportation, and US gas stations.
1% Cash Back on All Other Purchases: Earn 1% on all other purchases.
$300 Sign-Up Bonus: Earn $300 after spending $3,000 in the first 6 months.
Intro 0% APR for 12 Months: No interest on purchases for the first 12 months (then 18.24%–29.99% variable APR).
3% Cash Back on Transit: Earn 3% on taxis, rideshares, parking, public transportation, and US gas stations.
1% Cash Back on All Other Purchases: Earn 1% on all other purchases.
$300 Sign-Up Bonus: Earn $300 after spending $3,000 in the first 6 months.
Intro 0% APR for 12 Months: No interest on purchases for the first 12 months (then 18.24%–29.99% variable APR).
- Blue Cash Preferred Card from American ExpressCheck Here
Blue Cash Preferred Card from American Express - - Earn 6% cashback on US supermarkets (up to $6,000 per year), plus 3% on transit and 1% on other purchases.
Pros
- High cash back on groceries and transit
- $300 welcome bonus
- No foreign transaction fees
Cons
- $95 annual fee
- Limited to US supermarkets for 6% cash back
- Requires good to excellent credit
Key Features
6% cash back at US supermarkets
3% on transit
$300 sign-up bonus
0% intro APR on purchases for 12 months
3% on transit
$300 sign-up bonus
0% intro APR on purchases for 12 months
Why Is Recommended
Ideal for families and individuals who spend heavily on groceries and transit. The high cash back in these categories and the strong intro bonus make it a solid choice for everyday spending.
3.
Capital One Quicksilver Cash Rewards Credit Card
A simple cashback card offering unlimited 1.5% cashback on every purchase.
No rotating categories or enrollment required.
No rotating categories or enrollment required.
Unlimited Cashback: 1.5% cashback on every purchase.
No Annual Fee: You won't pay to keep the card.
Sign-Up Bonus: $200 after spending $500 within the first 3 months.
No Annual Fee: You won't pay to keep the card.
Sign-Up Bonus: $200 after spending $500 within the first 3 months.
- Capital One Quicksilver Cash Rewards Credit CardCheck Here
Capital One Quicksilver Cash Rewards Credit Card - - Earn 1.5% unlimited cashback on every purchase, with no rotating categories or caps.
Pros
- Unlimited 1.5% cashback on every purchase.
- No annual fee.
- Simple and easy to use.
Cons
- High APR (26.99% variable).
- No bonus categories for higher cashback.
Key Features
Cashback: 1.5% on every purchase.
APR: 26.99% variable.
Annual Fee: $0.
Bonus: $200 after spending $500 in the first 3 months.
APR: 26.99% variable.
Annual Fee: $0.
Bonus: $200 after spending $500 in the first 3 months.
Why Is Recommended
If you prefer straightforward cashback with no limits, rotating categories, or annual fees, this card is an excellent choice.
4.
Discover it® Cash Back
Cashback rewards on everyday purchases with no annual fee.
Reports to the credit bureaus to help build credit.
Reports to the credit bureaus to help build credit.
Cashback Rewards: 5% cashback in rotating categories (like groceries, gas, restaurants) and 1% on all other purchases.
First-Year Cashback Match: Discover will match all the cashback earned in the first year.
No Annual Fee: Enjoy all benefits without a yearly cost.
First-Year Cashback Match: Discover will match all the cashback earned in the first year.
No Annual Fee: Enjoy all benefits without a yearly cost.
- Discover it® Cash BackCheck Here
Discover it® Cash Back - - Offers 5% cashback on rotating categories and 1% on all other purchases, plus an introductory 0% APR for the first 15 months on purchases and balance transfers, with no annual fee.
Pros
- Cashback match for the first year.
- No annual fee.
- 5% cashback on rotating categories.
Cons
- High APR (26.99%).
- Categories change every quarter.
Key Features
Cashback: 5% in rotating categories (up to $1,500) and 1% on other purchases.
APR: 26.99% (variable).
Annual Fee: $0.
Deposit: $200 minimum.
APR: 26.99% (variable).
Annual Fee: $0.
Deposit: $200 minimum.
Why Is Recommended
This card offers significant cashback opportunities, especially if you can take advantage of rotating categories. Great for those with good credit who want to earn rewards.
5.
Citi® Double Cash Card
The Citi® Double Cash Card is a cashback credit card that offers a straightforward way to earn rewards. It provides 1% cashback on purchases, with an additional 1% cashback when you pay for those purchases. This makes it a great option for those who want to earn unlimited cashback on everyday spending without tracking categories or rotating offers.
2% Unlimited Cashback: Earn 1% cashback on every purchase, plus 1% when you pay off those purchases, for a total of 2% cashback on all eligible purchases.
No Categories to Track: Unlike some other cashback cards, the Citi® Double Cash Card doesn’t require you to keep track of rotating categories, making it simple to use.
No Annual Fee: There’s no annual fee, which helps maximize the net value of your rewards.
Introductory APR Offer: Enjoy 0% introductory APR on balance transfers for the first 18 months (then a variable APR applies), which can help you save money if you need to consolidate debt.
Flexible Redemption Options: Cashback can be redeemed for statement credits, direct deposits, or checks, offering flexibility in how you use your rewards.
No Categories to Track: Unlike some other cashback cards, the Citi® Double Cash Card doesn’t require you to keep track of rotating categories, making it simple to use.
No Annual Fee: There’s no annual fee, which helps maximize the net value of your rewards.
Introductory APR Offer: Enjoy 0% introductory APR on balance transfers for the first 18 months (then a variable APR applies), which can help you save money if you need to consolidate debt.
Flexible Redemption Options: Cashback can be redeemed for statement credits, direct deposits, or checks, offering flexibility in how you use your rewards.
- Citi® Double Cash CardCheck Here
Citi® Double Cash Card - - Earn 2% cashback on every purchase — 1% when you buy and 1% when you pay, offering one of the most straightforward cashback options.
Pros
- 2% Cashback on All Purchases: With 1% cashback when you buy and 1% when you pay, this card offers a competitive 2% cashback rate on every purchase with no spending limits or rotating categories.
- No Annual Fee: No annual fee means you get to keep more of your rewards.
- Introductory APR on Balance Transfers: The 0% APR for the first 18 months on balance transfers can be helpful for consolidating high-interest debt.
- Easy Redemption: Cashback can be redeemed in multiple ways, including as statement credits or deposits to a checking account.
Cons
- Balance Transfer Fee: A 3% fee (or $5, whichever is greater) applies to balance transfers, which could add up if transferring a large amount.
- No Bonus Categories: While the card offers a strong 2% cashback rate, it doesn’t provide higher cashback on specific categories (e.g., travel, dining).
- No Sign-Up Bonus: Unlike some competing cashback cards, the Citi® Double Cash Card doesn’t offer an introductory bonus for new cardholders.
Key Features
2% Cashback on All Purchases: 1% when you buy, 1% when you pay.
No Annual Fee: No fee to carry the card.
0% Intro APR for 18 Months: On balance transfers, then a variable APR applies.
Flexible Cashback Redemption: Redeem for statement credits, checks, or direct deposits.
No Annual Fee: No fee to carry the card.
0% Intro APR for 18 Months: On balance transfers, then a variable APR applies.
Flexible Cashback Redemption: Redeem for statement credits, checks, or direct deposits.
Why Is Recommended
The Citi® Double Cash Card is ideal for those looking for a simple, high-value cashback card. With 2% cashback on every purchase and no categories to track, it offers a straightforward way to earn rewards. The card is especially recommended for individuals who don’t want to deal with complicated reward structures or spending limits. Additionally, the intro APR offer on balance transfers is a helpful feature for those looking to manage existing credit card debt. With no annual fee and solid cashback rewards, this card offers great value for everyday spending.
6.
Wells Fargo Active Cash Card
The Wells Fargo Active Cash® Card is a straightforward cash back card that offers unlimited 2% cash back on every purchase, with no categories or limits to track.
2% Cash Back on Every Purchase: Earn 2% Cash Back on all purchases.
$200 Sign-Up Bonus: Earn $200 after spending $500 in the first 3 months.
0% Intro APR for 15 Months: Enjoy 0% Intro APR on purchases and qualifying balance transfers for the first 15 months (then 19.99%–27.99% variable APR).
No Annual Fee: No yearly fee to enjoy the card benefits.
$200 Sign-Up Bonus: Earn $200 after spending $500 in the first 3 months.
0% Intro APR for 15 Months: Enjoy 0% Intro APR on purchases and qualifying balance transfers for the first 15 months (then 19.99%–27.99% variable APR).
No Annual Fee: No yearly fee to enjoy the card benefits.
- Wells Fargo Active Cash CardCheck Here
Wells Fargo Active Cash Card - - Earn 2% unlimited cashback on all purchases, with no annual fee and a sign-up bonus for new customers.
Pros
- Unlimited 2% cash back on all purchases
- $200 sign-up bonus
- 0% intro APR for 15 months
- No annual fee
Cons
- High APR after the intro period
- Rewards are fixed at 2% with no higher earning categories
Key Features
2% cash back on all purchases
$200 sign-up bonus
0% intro APR for 15 months
No annual fee
$200 sign-up bonus
0% intro APR for 15 months
No annual fee
Why Is Recommended
Great for those who want simplicity and a consistent cash back rate. The unlimited 2% cash back and 0% intro APR offer solid value for a variety of everyday purchases.
7.
Bank of America Cash Rewards Credit Card
The Bank of America® Cash Rewards Credit Card offers cashback on categories of your choice, allowing flexibility in earning rewards. It's a great option for those looking for customizable cash back.
3% Cash Back on Your Choice Category: Choose from a list of categories (eg, gas, online shopping, dining) to earn 3% cash back.
2% Cash Back on Groceries and Wholesale Clubs: Earn 2% on grocery store and wholesale club purchases, up to $2,500 each quarter.
1% Cash Back on All Other Purchases: Earn 1% on all other purchases.
$200 Online Cash Rewards Bonus: Earn a $200 bonus after making at least $1,000 in purchases in the first 90 days.
No Annual Fee: Enjoy rewards without the annual fee.
2% Cash Back on Groceries and Wholesale Clubs: Earn 2% on grocery store and wholesale club purchases, up to $2,500 each quarter.
1% Cash Back on All Other Purchases: Earn 1% on all other purchases.
$200 Online Cash Rewards Bonus: Earn a $200 bonus after making at least $1,000 in purchases in the first 90 days.
No Annual Fee: Enjoy rewards without the annual fee.
- Bank of America Cash Rewards Credit CardCheck Here
Bank of America Cash Rewards Credit Card - - Earn 3% cashback in a category of your choice (gas, online shopping, dining, travel, drug stores, or home improvement), plus 2% at grocery stores and wholesale clubs.
Pros
- Flexible 3% cash back category
- No annual fee
- $200 sign-up bonus
- No rotating categories
Cons
- $2,500 cap on 2% and 3% categories per quarter
- Requires good credit
- Rewards can be more limited on non-bonus categories
Key Features
3% cash back on your choice category
2% cash back on groceries and wholesale clubs
$200 sign-up bonus
No annual fee
2% cash back on groceries and wholesale clubs
$200 sign-up bonus
No annual fee
Why Is Recommended
This card is perfect for those who want flexibility in choosing a high-earning category. The lack of an annual fee and the option to earn more cash back on categories like dining or online shopping make it a versatile choice for everyday spending.
8.
US Bank Cash+® Visa Signature® Card
- US Bank Cash+® Visa Signature® CardCheck Here
US Bank Cash+® Visa Signature® Card - - Earn 5% cashback on the first $2,000 in combined purchases at two categories you choose each quarter, 2% on groceries, and 1% on all other purchases .
9.
Amazon Prime Rewards Visa Signature Card
The Amazon Prime Rewards Visa Signature Card is a credit card designed for Amazon Prime members, offering cash back on Amazon purchases and other everyday expenses. It provides robust rewards in key categories such as Amazon and Whole Foods shopping.
5% Back at Amazon and Whole Foods: Earn 5% back on Amazon.com and Whole Foods Market purchases.
2% Back at Restaurants, Gas Stations, and Drugstores: Earn 2% back on dining, gas, and drugstore purchases.
1% on Other Purchases: Earn 1% on all other purchases.
No Annual Fee (with Amazon Prime Membership): No fee if you're already a Prime member.
2% Back at Restaurants, Gas Stations, and Drugstores: Earn 2% back on dining, gas, and drugstore purchases.
1% on Other Purchases: Earn 1% on all other purchases.
No Annual Fee (with Amazon Prime Membership): No fee if you're already a Prime member.
- Amazon Prime Rewards Visa Signature CardCheck Here
Amazon Prime Rewards Visa Signature Card - - Earn 5% cashback on purchases at Amazon.com and Whole Foods Market, 2% on dining, gas, and drugstore purchases, and 1% on all other purchases .
Pros
- High cash back rate on Amazon and Whole Foods
- No annual fee for Prime members
- Visa Signature benefits (travel, protection, etc.)
- No foreign transaction fees
Cons
- Requires an Amazon Prime membership
- Limited to Amazon and Whole Foods for the highest rewards rate
- Higher APR compared to some other rewards cards
Key Features
5% cash back on Amazon and Whole Foods
2% back at restaurants, gas stations, and drugstores
Visa Signature benefits
No annual fee with Prime membership
2% back at restaurants, gas stations, and drugstores
Visa Signature benefits
No annual fee with Prime membership
Why Is Recommended
Recommended for Amazon Prime members who shop frequently on Amazon or at Whole Foods. It's a great card for maximizing rewards on Amazon purchases while offering strong cash back on other categories.
10.
Target RedCard™ Credit Card
Earn 5% off every Target purchase, both in-store and online.
Can be used only at Target and partner stores (eg, Target.com, some online purchases, and Target-owned brands).
Can be used only at Target and partner stores (eg, Target.com, some online purchases, and Target-owned brands).
Immediate savings: 5% discount on all Target purchases is one of the best store-specific benefits.
Free shipping: No minimum purchase required for free shipping on Target.com orders.
No annual fee: Great for regular Target shoppers without the need to pay to use the card.
Exclusive offers: Get access to special promotions and discounts.
Free shipping: No minimum purchase required for free shipping on Target.com orders.
No annual fee: Great for regular Target shoppers without the need to pay to use the card.
Exclusive offers: Get access to special promotions and discounts.
- Target RedCard™ Credit CardCheck Here
Target RedCard™ Credit Card - - Earn 5% cashback on purchases at Target and Target.com, making it the go-to card for regular Target shoppers.
Pros
- High value for Target shoppers with 5% off every purchase.
- No annual fee.
- Extra savings on Target's private labels and select partner stores.
Cons
- Only usable at Target and its partner stores, limiting flexibility.
- No rewards on non-Target purchases.
- High APR if you carry a balance.
Key Features
5% off every purchase at Target.
Free shipping on most Target.com orders.
No annual fee.
5% off at Target-owned brands and select partner stores.
Access to exclusive discounts and offers.
Free shipping on most Target.com orders.
No annual fee.
5% off at Target-owned brands and select partner stores.
Access to exclusive discounts and offers.
Why Is Recommended
Best for individuals who frequently shop at Target and want to maximize savings across Target's vast selection of goods. It's a no-brainer for regular Target customers, with the 5% discount and free shipping being major perks.
Conclusion
Cashback credit cards are an excellent way to earn rewards on your everyday spending. By selecting a card that aligns with your purchasing habits, you can maximize the rewards you earn and enjoy a variety of benefits, from saving money on groceries to earn cashback on travel. Whether you're looking for a simple flat-rate cashback card or one with rotating categories, there is a card that fits your needs. Make sure to evaluate factors like cashback rates, fees, and rewards structure to choose the best cashback credit card for your lifestyle.