15 Best Cash Back Credit Cards – Reviews & Comparison

Team GeekyCraze
15 Best Cash Back Credit Cards – Reviews & Comparison

Cash-back bank cards are fashionable as a result of they supply tangible, easy-to-understand advantages. Who doesn’t like getting a credit score on their month-to-month bank card assertion or, higher but, the precise money deposited into the account of their selection? Cash-back bank cards might be much more fashionable than our top-rated fuel credit score playing cards and journey rewards playing cards .

But not all money again bank cards are created equal.

Some supply the identical rate of refund on all purchases. Others supply larger cash-back charges on sure expense classes, like groceries or gasoline, and decrease charges on all the pieces else. Others supply bonus money again on expense classes that rotate quarterly. Some accumulate money again on purchases and month-to-month funds.

And some money again playing cards even match hybrid fashions, with money again on sure expense classes and various kinds of rewards (like airline miles) on others.

Best Cash Back Credit Cards

You’ll discover every kind of card on this record of the very best money again playing cards out there to American shoppers in the present day.

Keep in thoughts that almost all money again bank cards require candidates to have good to wonderful credit score, often indicated by a FICO credit score rating better than 700 and typically even larger. If you don’t meet that threshold, work to build your credit score earlier than making use of.

1. Chase Freedom Unlimited®

$ 200 sign-up bonus if you spend $ 500 on purchases within the first 3 months and 5% money again on eligible grocery retailer purchases (as much as $ 12,000 spent) within the first year; Up to five% money again on choose purchases 

Chase Freedom Unlimited earns limitless 1.5% on most purchases, with a couple of exceptions:

You can redeem for nearly something, in any quantity, on the Chase Ultimate Rewards® portal, together with money equivalents, merchandise, and journey.

Chase Freedom Unlimited has an enormous (and typically ignored) benefit for loyal Chase bank card clients. If you even have the card Chase Ink Business Preferred (annual charge $ 95), the card journey rewards Chase Sapphire Preferred (annual charge $ 95) or card journey rewards premium Chase Sapphire Reserve (annual rate $ 550), you possibly can switch the factors earned via Freedom Unlimited to these accounts.

You can then switch these factors in a 1-to-1 ratio to a number of totally different frequent flyer packages, or redeem them for journey purchases via the Ultimate Rewards portal and obtain a 25% to 50% bonus (for instance, rising the worth of a 50,000 level redemption at $ 625 or $ 750), relying on the cardboard.

However, remember that it’s essential to get Ink Preferred or Sapphire Preferred / Reserve. Having Chase Freedom Unlimited doesn’t essentially qualify you for these playing cards.

2. Citi® Double Cash Card

1% money again if you spend + 1% money again if you pay your stability; 0% APR on stability transfers for 18 months 

Citi Double Cash’s two-tier money again program rewards cardholders who repay their balances in full every month.

As lengthy as you’re a cardholder in good standing, you’re assured to earn 1% money again on all eligible purchases posted to your Double Cash account. But you’ll solely obtain the cardboard’s 2% efficient cash-back rate if you repay your stability in full, as you must, underneath regular circumstances.

Two % money again isn’t the one Double Cash profit price selling. The card’s 18-month 0% APR stability switch promotion is among the many greatest in its class, and the value-added advantages are unusually beneficiant for a card with no annual charge.

3. Blue Cash Preferred® Card from American Express

6% money again at US supermarkets and choose digital media companies; 3% at US fuel stations and transit operators (Including carpool); 1% elsewhere  

If you like the grocery retailer, you’ll love the Blue Cash Preferred Card from American Express. You get 6% money again on all US grocery store transactions, as much as an annual spending restrict of $ 6,000. Once you hit $ 6,000, you get a 1% money again on purchases from US supermarkets.

You’ll additionally get a 6% money again on eligible purchases with digital media and streaming suppliers like Netflix and HBO.

There isn’t any spending cap on the US Transit Operator and Service Station classes, 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% money again on all different purchases, with no limits. Cash rebates accumulate as reward {dollars} that may be redeemed for assertion credit.

A small draw back to the Blue Cash Preferred card is American Express’s restrictive definition of “grocery store”. Supermarkets like Walmart, wholesale golf equipment like Costco, and alcoholic beverage retailers aren’t thought-about supermarkets for the needs of this card.

And the annual charge of $ 95 (see the Fees and Fees page) barely reduces your incomes potential after the primary year, when the annual charge is $ 0. But because the 6% money again from the grocery store doubles What most competing playing cards supply, you’re more likely to get by should you take full benefit of this class.

If you’re struggling to fulfill your annual US grocery store spending restrict of $ 6,000 on grocery and dry items purchases solely, make up the distinction by buying reward playing cards from different retailers on the grocery store checkout counter. It’s like getting an instantaneous 6% low cost at your favourite eating places, retail shops, and e-commerce web sites.

4. Capital One Quicksilver Cash Rewards Credit Card

1.5% money again on all eligible purchases; $ 200 early funding bonus 

The Capital One Quicksilver Cash Rewards bank card couldn’t be easier. All eligible purchases made with this card get a 1.5% money again, with no restrictions on how a lot you possibly can earn, and you may redeem any quantity for a press release credit score or paper verify. An unusually lengthy introductory 0% APR promotion for purchases and a stable early-spending bonus seal the deal for potential cardholders.

5. Chase Freedom Flex Card ℠

5% money again on the primary $ 1,500 spent in revolving classes every quarter; 5% money again on eligible journey purchases made via Chase Ultimate Rewards; 3% reimbursement in eating room and pharmacy purchases  

All purchases made with Chase Freedom Flex earn 1% money again, with no limits or restrictions. But there may be rather more to the story. Freedom Flex has a number of alternatives to routinely earn money:

Chase Freedom Flex takes benefit of Chase Ultimate Rewards factors, a flexible spending foreign money price $ 0.01 per level or extra, relying on the redemption. Spending within the 1% cash-back class earns 1 level per greenback, whereas spending within the 5% classes earns 5 factors per greenback.

You can redeem for money again (every level is price $ 0.01), deliverable as assertion credit score, checking account deposit, reward card, and direct purchases at choose retailers (akin to Amazon). There isn’t any minimal to redeem.

One small draw back to Chase Freedom Flex: You need to manually activate your 5% revolving classes each quarter. If you don’t do it by the center of the final month of that quarter, you miss out on the 5% refund alternative.

6. Citi Custom Cash Card ℠

5% money again on the primary $ 500 spent in your major eligible expense class every month; Sign-up bonus price $ 200 

The card Citi Custom Cash ℠ is a card with no annual charge that mechanically pays a 5% money again on the primary $ 500 in purchases in its class larger eligible bills every month with out activation. Just spend as you usually would and also you’ll get your additional money again as ThankYou factors redeemable for assertion credit, checking account deposits, reward playing cards and extra.

Eligible bonus expense classes embrace:

This card additionally comes with a stable sign-up bonus and a really lengthy 0% introductory APR promotion on stability transfers and purchases.

7. Card Wells Fargo Active Cash ℠

Unlimited 2% money rewards on eligible purchases

The card Wells Fargo Active Cash ℠ has a easy rewards program that guarantees limitless money rewards 2% on all eligible purchases, no classes or expiration dates to fret about. Their introductory supply isn’t too unhealthy both, price $ 200 in bonus money rewards after spending $ 1,000 within the first 3 months.

Wells Fargo Active Cash additionally has a formidable 0% APR buy and stability switch promotion. It extends for 15 months from account opening, though eligible stability transfers should happen inside the first 120 days.

8. American Express Cash Magnet® Card

Unlimited 1.5% money again on all purchases; Welcome supply price as much as $ 150 

American Express Cash Magnet is a wonderful overhead card for shoppers who have a tendency to not favor particular buy classes. Like Capital One Quicksilver, you earn 1.5% money again on all eligible purchases. And, as a comparatively new addition to the Amex secure, it comes with a beneficiant limited-time welcome supply – as much as $ 150 in bonus money. Cash rebates accumulate as reward {dollars} that may be redeemed for assertion credit.

Other advantages embrace a 15-month 0% APR promotion for purchases (after which the common variable APR applies, presently 13.99% to 23.99%) and a superb record of value-added advantages, together with low cost alternatives (see rates and fees page ). One large downside is the $ 25 minimal redemption threshold, which may very well be an issue for decrease spenders.

9. American Express® Gold Card

4 factors in US eating places and supermarkets Up to $ 25,000 in annual class purchases 

The American Express® Gold Card is a premium rewards card that earns a 4% return on eligible purchases at eating places and supermarkets (as much as $ 25,000 in annual bills at US supermarkets) AND a 3% return on bills from eligible airfare. Other advantages embrace a $ 100 annual airline fare credit score and $ 10 in meal credit every month with taking part networks and apps.

10. Capital One SavorOne Cash Rewards Credit Card

3% money again on eligible meals, grocery, leisure and streaming purchases

The Capital One SavorOne Cash Rewards Credit Card is among the strongest money again bank cards on the market for individuals who like to exit and cook dinner. supply, get a 3% refund.

Better but, the rewards by no means expire and might be redeemed at any time and in any quantity. Plus, the $ 200 Advance Spending Bonus (out there after spending $ 500 on eligible purchases within the first 3 months) is a superb incentive to spend early and infrequently.

11. Capital One SavorOne Student Cash Rewards Credit Card

Up to three% money again on choose purchases

The Capital One SavorOne Student Cash Rewards bank card is sort of a carbon copy of the Capital One SavorOne Cash Rewards bank card. Aside from the truth that it’s designed for college students in two- or four-year diploma packages and some different qualifying larger training conditions, the largest distinction is the dearth of an early spending bonus.

But when you’ve got such a beneficiant money again program to fall again on, one that’s mild years forward of different pupil bank cards, is it actually that necessary?

12. Capital One Quicksilver Student Cash Rewards Credit Card

1.5% money again on all eligible purchases

The Capital One Quicksilver Student Cash Rewards bank card guarantees 1.5% money again on all eligible purchases, similar to its “parent.” As with SavorOne, the largest distinction is the dearth of an early spending bonus for brand new cardholders.

However, persistence pays off. Use your card responsibly for six months and chances are you’ll qualify for a credit score line improve at Capital One’s discretion.

13. Blue Cash Everyday® Card from American Express

3% money again at US supermarkets 2% at US fuel stations and choose US shops; 1% elsewhere; Strong welcome supply   

The Blue Cash Everyday Card from American Express offers you ample money again on hard-to-avoid on a regular basis purchases: groceries, staples, gasoline, clothes, and home goods. You get 3% money again on purchases at US supermarkets, as much as the annual restrict of $ 6,000.

After reaching the restrict, you get a 1% money again on grocery purchasing, with no spending restrict. Cash rebates accumulate as reward {dollars} that may be redeemed for assertion credit.

Meanwhile, the two% money again rate for this card at US fuel stations and choose US shops is limitless, as is the 1% money again on another place. Your money again comes as a press release credit score. Note that shops like Target, wholesale golf equipment like Sam’s Club, and liquor retailers don’t depend as “supermarkets,” in accordance with American Express.

14. Citi Costco Anywhere Visa® Card

4% money again on fuel purchases at Costco areas and certified service stations; 3% money again on eligible eating places and journey purchases; 2% money again at Costco; 1% money again anyplace else   

The Costco Anywhere card is a premium money again product solely for Costco members. If you’re already spending $ 60 per year (or $ 120, should you’re in search of govt membership) on a Costco membership, and might meet Citi’s strict underwriting necessities, this card is a no brainer.

Why? For individuals with lengthy journeys, wholesome budgets for journey and eating out, and lengthy purchasing lists from Costco, the four-tier money again program is among the many most beneficiant. Yes, the redemption framework is a bit shaky – you need to redeem in individual at Costco and also you solely get one likelihood per year to take action. But most Costco members store typically sufficient that this isn’t an enormous inconvenience.

15. Visa Bitcoin Rewards credit card

Earn at the very least 1.5% again in Bitcoin on each Fiat buy

The Visa Bitcoin Rewards bank card is a revolutionary bank card that earns Bitcoin, not money again rewards, on each fiat buy. Simply swipe, dip, faucet, or enter your card as traditional to earn at the very least 1.5% in Bitcoin on eligible transactions.

This card’s welcome supply can be price writing about – earn 3.5% in Bitcoin after the primary 3 months, as much as $ 100 in bonus Bitcoin.

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

Final phrase

Even probably the most beneficiant money again bank cards hardly ever supply greater than 5% money again on any buy. Cards that provide greater than 2% or 3% money again typically require cardholders to trace particular expense classes or adhere to buy limits.

In distinction, APRs for money again bank cards usually vary from 10% to greater than 20% in some instances. At these charges, holding a stability even for a single month can significantly have an effect on your cash-back earnings. Typically having another month-to-month stability cancels out your cash-back earnings, including to the true value of your purchases.

In different phrases, don’t let the cash-back promise put you to sleep and let your card balances develop over time. It is sort of by no means price it. If you have to maintain a bank card stability from month to month, go for a low APR bank card .

And if you’re involved about your skill to maintain your bank card spending at a stage that means that you can make full funds every month, select a bank card with a low spending restrict or a secured bank card that requires you to make a deposit. money prematurely. .

To be taught concerning the charges and costs for the Blue Cash Preferred® card from American Express, go to this fees and charges page.

For the American Express Cash Magnet® card charges and costs, go to this fees and fees page.

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

Editorial Note: The editorial content material on this web page will not be offered by any financial institution, bank card issuer, airline or resort chain, and has not been reviewed, accepted or endorsed by any of those entities. The opinions expressed listed below are solely these of the writer, not the financial institution, bank card issuer, airline or resort chain, and haven’t been reviewed, accepted or endorsed by any of those entities.

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