Best Cash Back Credit Cards

Best Cash Back Credit Cards

Everybody loves getting cashback, especially when it’s for the necessities in life! That’s why credit cards offering cashback can be really handy. The best cashback credit cards vary from offering a flat cashback rate on all purchases to offering higher cashback rewards on specific purchase categories like groceries, gas, or dining.

A lot of the best cashback credit cards offer to redeem your rewards as a statement credit, gift cards, or even a direct deposit to your bank account. Below you will find our best picks after researching which credit cards offered the most. We think you’ll be pleasantly surprised with our list and certainly find a card that meets your expectations.

What’s Important When Comparing The Best Cash Back Credit Cards?

Firstly, earning cashback is like winning a scratch-off lottery ticket – you get money back for things you have to buy regardless! So knowing the various spending categories and rates for each card will help you immensely. For instance, some of the best cashback credit cards have different rewards and incentives, so be sure to check them all out below before deciding.

Best Cash Back Credit Cards

#1 Citi® Double Cash Card – Best Cash Back Credit Card For Flat-Rate

The Citi® Double Cash Card offers 1% on general purchases + 1% additional cashback as you pay off those purchases. This card has one of the highest-earning options available for flat-rate cash back cards, so if pay off your balance each month – you will really benefit from this card!

Pros

  • Double Cash Back
  • Multiple Payout Options
  • Citi ThankYou Points Program (Earn Even More)

Cons

  • Rewards Expire If Card Isn’t Used For 12 Months

#2 Chase Freedom Flex℠ – Best Credit Card For Cash Back On Travel

If you like to travel, then you will love this cashback credit card! In fact, you get a whopping 5% cashback on all travel purchased through Chase Ultimate Rewards®.

Pros

  • Sign-Up Bonus
  • No Annual Fee
  • Earn $200 Bonus When You Spend $500 On Purchases In The First 3 Months
  • Bonus: The First Year You’ll Earn 5% Cash Back On Grocery Purchases

Cons

  • Knowing The Rewards Categories And Rules
  • Must Enroll In 5% Bonus Category Each Quarter

#3 Discover it® Cash Back – Best Cash Back Credit Card For Categories

The rotating cashback feature on different categories gives you the option to earn the astounding 5% cashback bonus. Each quarter you have the advantage of earning 5% cashback on the categories highlighted (up to $1,500, then 1%) when using your Discover it® Cash Back credit card.

Pros

  • 5% Cash Back
  • Discover Matches All Your Cash Back Earnings At The End Of The First Year!
  • Categories That Are Relevant To Everyday Living

Cons

  • Quarterly Limit On The 5% Cash Back Category (up to $1,500, then 1%)

#4 Chase Freedom Unlimited® – Best Cash Back Credit Card For 0% Introductory APR

With a 0% introductory APR for 15 months on all purchases, this makes this a great option for the best cashback credit cards. Plus, its variable interest rate afterward is quite competitive with 14.99% – 23.74%.

Pros

  • 0% Introductory APR For 15 Months
  • Sign-Up Bonus Of $200 After Spending $500 In The First 3 Months
  • Earn 5% Cash Back On Grocery Purchases (Up To $12,000 First Year)

Cons

  • 0% Introductory APR Can’t Be Used On Balance Transfers
  • 5% Cash Back On Non-Grocery Purchases

#5 Capital One® Quicksilver® Cash Rewards – Best Cash Back Credit Card For Unlimited Rewards

Get unlimited 1.5% cashback on all purchases, plus the rewards you earn will never expire as long as the account is open.

Pros

  • Unlimited 1.5% Cash Back
  • No Annual Fee
  • Sign-Up Bonus of $200 Cash Back After Spending $500 Within First 3 Months

Cons

  • Higher Interest Rate Than Other Options

#6 Discover it chrome® – Best Cash Back Credit Card For Gas Purchases

You can earn 2% cashback on restaurants and gas, that’s up to $1,000 combined purchases each quarter (then it’s 1%). Imagine, earning up to $80 cashback a year on filling up your gas task!

Pros

  • Discover Cash Back Match ($80 Earned The First Y Becomes $160!)
  • No Annual Fee
  • No Foreign Transaction Fees

Cons

  • Limited Rewards To Only Gas And Restaurant Purchases
  • Not Widely Accepted Outside The USA

#7 Blue Cash Preferred® Card from American Express – Best Cash Back Credit Card For Grocery Shopping

This card offers one of the highest cash back rates (6% for up to $6,000 each year, then 1%) for grocery shopping and 6% for select streaming subscriptions!

Pros

  • Highest Cash Back Rate (Groceries & Streaming)
  • Limited-Time Introductory Offer – $300 When You Spend $3,000 In The First 6 Months
  • Tons Of Benefits, Including Purchase Protection, Extended Warranty, And Free ShopRunner Membership

Cons

  • Annual Fee Of $95 (Waived First Year)
  • Designed For People With Good To Excellent Credit

#8 Capital One® SavorOne® Cash Rewards – Best Cash Back Credit Card For Dining & Entertainment

Restaurants and entertainment can get you a 3% cashback, and you can score 2% cashback at the grocery store.

Pros

  • 3% Cash Back On Dining And Entertainment
  • Earn Unlimited Cash Back
  • Rewards Never Expire

Cons

  • Cash Back Limited To Three Categories

#9 Blue Cash Everyday® Card from American Express – Best Cash Back Credit Card For Tiered Cash Back

This card rewards you for making purchases you would normally make regardless and it’s super easy to see the cashback add up! There are no quarterly categories to sign up for – the rewards are automatic all year long.

Pros

  • 0% Introductory APR for 15 months (13.99%- 23.99% Variable Afterwards)
  • 3% Cash Back On Groceries, 2% On Gas And 1% On Everything Else
  • No Limit On The 2% Or 1% Cash Back Categories

Cons

  • Maximum Yearly $6,000 Limit On The 3% Groceries Category

#10 American Express Cash Magnet® Card – Best Cash Back Credit Card For No Annual Fee

This card’s no annual fee and free shipping at select online stores with a complimentary ShopRunner membership make this credit card a nice addition to your wallet.

Pros

  • No Annual Fee
  • Unlimited 1.5% Cash Back On Every Purchase
  • Introductory Bonus Of $150 When Spending $1,000 In The First 3 Months
  • 0% Introductory APR On New Purchases (0% For 15 Months, Then 13.99%-23.99% Variable)
  • No-Interest Financing Option Through Amex’s “Pay It Plan It” Program

Cons

  • No Points Incentive
  • Cash Back Requirement To Redeem – $25 Minimum
Citi® Double Cash Card
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Citi® Double Cash Card

Specification: Citi® Double Cash Card

Credit Card Type Balance Transfer
Annual Fees $0
Regular APR 13.99% - 23.99% (Variable)
Balance Transfer Promo Rate 0% for 18 months on Balance Transfers
Balance Transfer Regular Rate 3% of each balance transfer; $5 minimum.
Chase Freedom Flex℠
0

Chase Freedom Flex℠

Specification: Chase Freedom Flex℠

Credit Card Type Cashback
Annual Fees $0
Regular APR 14.99%-23.74% (variable)
Cashback On Regular Purchases 1%
Rewards Rate Up to 5%
Discover it® Cash Back
0

Discover it® Cash Back

Specification: Discover it® Cash Back

Credit Card Type Cashback
Annual Fees $0
Regular APR 11.99-22.99% (variable)
Cashback On Regular Purchases 1%
Rewards Rate Up to 5%
Chase Freedom Unlimited®
0

Chase Freedom Unlimited®

Specification: Chase Freedom Unlimited®

Credit Card Type Cashback
Annual Fees $0
Regular APR 14.99%-23.74% (variable)
Cashback On Regular Purchases 1%
Rewards Rate Up to 5%
Capital One® Quicksilver® Cash Rewards
0

Capital One® Quicksilver® Cash Rewards

Specification: Capital One® Quicksilver® Cash Rewards

Credit Card Type Cashback
Annual Fees $0
Regular APR 15.49-25.49% (variable)
Cashback On Regular Purchases 1.5%
Discover it chrome®
0

Discover it chrome®

Specification: Discover it chrome®

Credit Card Type Cashback
Annual Fees $0
Regular APR 11.99-22.99% (variable)
Cashback On Regular Purchases 1%
Rewards Rate 2%
Blue Cash Preferred Card from American Express
0

Blue Cash Preferred Card from American Express

Specification: Blue Cash Preferred Card from American Express

Fee $0 introductory annual fee for one year, then $95
Intro Rate 0% for 12 months on purchases
On Going Rate 13.99%-23.99% Variable
Balance Transfer N/A
Credits Excellent-Good
Capital One® SavorOne® Cash Rewards
0

Capital One® SavorOne® Cash Rewards

Specification: Capital One® SavorOne® Cash Rewards

Credit Card Type Cashback
Annual Fees $0
Regular APR 15.49-25.49% (variable)
Cashback On Regular Purchases 1%
Rewards Rate Up to 3%
Blue Cash Everyday Card from American Express
0

Blue Cash Everyday Card from American Express

Specification: Blue Cash Everyday Card from American Express

Fee $0
Intro Rate 0% for 15 months on purchases
On Going Rate 13.99%-23.99% Variable
Balance Transfer N/A
Credits Excellent-Good
American Express Cash Magnet Card
0

American Express Cash Magnet Card

Specification: American Express Cash Magnet Card

Fee $0
Intro Rate 0% for 15 months on purchases
On Going Rate 13.99%-23.99% Variable
Balance Transfer N/A
Credits Excellent-Good

Bottom Line: How To Get The Most Out Of The Best Cash Back Credit Card

We considered everyday life purchases when creating this list of the best cash-back credit cards, however; we did try to include what most people consider important categories. From grocery shopping to travel, we even thought about gas purchases. We made sure to include entertainment and travel for those people who want a little more excitement.

Now we know that the average spending varies from person to person, but we also know that a lot of people are trying to maximize their cash back options on all the necessities and normal living expenses. So this is how we did our research – finding the best cashback credit cards offering the most cash back on categories that matter the most!

In compiling this list, we used the following criteria:

  • Sign-Up Bonuses – This is the perfect way to see some cash back, and often times it can range between $100 Up To $500 Or More!
  • Redemption Options – Cash Back By Statement Credit, Direct Deposit, Gift Cards, And Even Charitable Donations.
  • Rates & Fees – Even after considering the cards with annual fees, we did the math and found these options listed above will far outweigh the annual fee with the cashback rewards. Note: Interest Rates Were Not A Determining Factor Because Cash Back Cards Should Be Paid Off Monthly To Avoid Paying Interest. (Which defeats the purpose of cashback.)

Just figure out which categories you will use the most and start benefitting from the cashback offers!

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