Cash back credit card bonuses

The Active Cash card also comes with a host of other perks, such as cell phone protection, rental car insurance, and flexible reward redemption options. The Chase Freedom Unlimited ® credit card is all about giving you more for your money.

The Freedom Flex is similar to the Freedom Unlimited. The rewards structure is nearly identical. Bonus categories include gas stations, wholesale clubs, gyms and more—the exact categories available depend on the Chase cash back calendar. Finally, in addition to extended warranty, purchase, and travel protections, the Freedom Flex also comes with cell phone insurance.

The Capital One SavorOne Rewards card ensures you get plenty of value out of your card right away with one of the highest earning rates on both dining and groceries for a card with no annual fee.

Plus, get you Uber One membership fees covered through November November 14, For more info on the SavorOne card check out our full review. The Chase Freedom® Rise card is a great option for students who are just starting out with managing their finances and credit.

What good is a cash back card if managing it is a struggle? For one, Discover ranked second overall in the J. Power U. Credit Card Satisfaction Study with a score of The study, which includes responses from nearly 28, credit card customers, ranks national card issuers based on six factors: benefits and services, communication, credit card terms, interaction, key moments, and rewards.

And if you accidentally miss a payment, Discover waives the fee the first time. A cash back credit card is a type of credit card that allows users to earn a percentage of their spending back in the form of cash rewards.

Depending on the card, cash back rewards can be a flat rate e. Some cards may also offer promotional periods with higher cash back percentages or bonuses for spending certain amounts within a specified timeframe.

Learn more about how cash back cards work. Yes many credit cards offer cash back, where you earn a percentage of your purchases back as a reward. Over time, these rewards add up and can be redeemed in various ways, such as a statement credit, check, or deposit into a bank account.

Learn more about maximizing cash back rewards. If you rely on credit cards to manage your expenses, using a cash back card is a smart way to earn money back on the spending you have to do anyway.

There is no downside to earning cash back. Missing payments results in late fees and harm to your credit. To bring you our top picks for the best cash back credit cards, the Fortune Recommends TM team compared approximately 40 cash back rewards cards available from major issuers.

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If you're already a member, you can find out if you prequalify for a credit card before you submit an application. This won't affect your credit score.

Prequalify Me for a credit card. Learn More about the cashRewards credit card. Learn More about the benefits included with all Navy Federal credit cards. Use your credit card to shop our online Member Deals. You'll get higher rewards just for purchasing through Member Deals, free shipping from certain retailers, exclusive offers and other perks.

Stay on top of your credit. Sign in to your Navy Federal account to easily view your credit score. Demystify the application process. Learn how to apply, how long the process takes and what the impact will be on your credit. Credit cards are valuable tools to establish and build credit.

Learn how they work and how to use them responsibly. Visit MakingCents to learn what affects your credit score and how you can build a strong credit history. Learn how you can move your current credit card balance to a Navy Federal card to consolidate debt and potentially lower payments.

Prime Rate. ATM cash advance fees: None, if performed at a Navy Federal branch or ATM. cash Rewards credit cards earn 1. Rewards are earned on eligible net purchases.

Eligible purchase transactions do not include, and rewards are not earned for, the following transactions: cash advances, convenience checks, balance transfers, gambling, or fees of any kind, including finance charges, late fees, returned check fees, and ATM cash advance fees.

Cash-equivalent transactions, such as the purchase, loading, or reloading of gift and prepaid cards e.

Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards: Chase Freedom Flex℠ · Best for simple cash back: Citi Double Cash® Card Wells Fargo Active Cash® Card: Best for $ cash rewards bonus ; Chase Sapphire Preferred® Card: Best for Chase Ultimate Rewards® points ; U.S

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Best CashBack Cards 2023 for Simplicity

Why Discover it® Cash Back rewards credit card? Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores Quicksilver from Capital One · Earn unlimited % cash back on every purchase, every day. Plus a $ cash bonus. · Enjoy these benefits with Quicksilver · Use The Citi Double Cash takes our spot for the best flat cash-back card for several reasons. For one, it offers up to 2% cash back on every: Cash back credit card bonuses


























Over the past year, these have No hidden fees from specific retailers like Target and Amazon to broader everyday spending like crfdit clubs, bck clubs and gym memberships, and more. Get Started. NerdWallet Email. Evaluate your expenses to determine which cards reward the highest for your top spending categories. Check your card balance or pay a bill with just a text. You have a chance of approval. Card issuers may offer you a bonus on points redeemed in their online marketplaces. Citi Custom Cash® Card. You likely won't miss out on cash back rewards because you can earn in popular categories like gas and groceries, in addition to more select picks like fitness clubs and live entertainment. You have a chance of approval. A few cards also have a high rewards rate in travel and other everyday categories. Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards: Chase Freedom Flex℠ · Best for simple cash back: Citi Double Cash® Card Wells Fargo Active Cash® Card: Best for $ cash rewards bonus ; Chase Sapphire Preferred® Card: Best for Chase Ultimate Rewards® points ; U.S With the PNC Cash Rewards Visa Credit Card, you can earn cash back on gas, groceries and the places you shop the most. Apply online today! Quicksilver from Capital One · Earn unlimited % cash back on every purchase, every day. Plus a $ cash bonus. · Enjoy these benefits with Quicksilver · Use A cash-back credit card allows cardholders to earn a percentage back on eligible credit card spending. Typically, a cardholder can redeem Wells Fargo Active Cash® Card: Best for Flat-rate cash back: High ongoing rate + incentives ; Chase Freedom Unlimited®: Best for Bonus rewards: 5 If you're a Bank of America Preferred Rewards® member, you can earn 25%% more cash back on every purchase. That means you could earn %- The best cash-back credit cards have some of the simplest welcome bonus offers that provide great rewards with minimum spending requirements Cash back credit card bonuses
Rewards Value: 5. Enroll bzck activate your Airline rewards credit cards categories each quarter Rotating Cash back credit card bonuses cards typically require you to Cssh in or activate your bonus cash back categories for the upcoming quarter to earn the higher bonus rate. Learn more about virtual card numbers. Best Cash Back Credit Cards From Our Partners. Read our full Citi Custom Cash Card review. Show less. USAA Preferred Cash Rewards Credit Card Best for USAA members. Explore Capital One Travel. Welcome offer Cash-back credit cards often offer cash sign-up bonuses after you meet a spending threshold within a certain amount of time after opening your account. The best cash back credit cards are designed with your spending habits in mind. You can earn cash back on your credit cards by signing up for a cash back card, making purchases to accrue rewards, and redeeming the rewards through your card issuer. Otherwise, the high interest rates these cards carry could wipe out the amount you earn in rewards — and leave you with mounting debt balances. There are three basic kinds of cash-back credit cards:. Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards: Chase Freedom Flex℠ · Best for simple cash back: Citi Double Cash® Card Wells Fargo Active Cash® Card: Best for $ cash rewards bonus ; Chase Sapphire Preferred® Card: Best for Chase Ultimate Rewards® points ; U.S Cash back credit cards accrue rewards when you make purchases within specific categories (such as grocery stores or gas stations) on the card. There are Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards: Chase Freedom Flex℠ · Best for simple cash back: Citi Double Cash® Card With the PNC Cash Rewards Visa Credit Card, you can earn cash back on gas, groceries and the places you shop the most. Apply online today! Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards: Chase Freedom Flex℠ · Best for simple cash back: Citi Double Cash® Card Wells Fargo Active Cash® Card: Best for $ cash rewards bonus ; Chase Sapphire Preferred® Card: Best for Chase Ultimate Rewards® points ; U.S Cash back credit card bonuses
Review your receipts cars statements carr the past several months to credi an idea of where you spend most. Savor Rewards. You only earn Cash back credit card bonuses cash Cash back credit card bonuses in one category per billing cycle, so you may need to track your spending in order to maximize rewards. The value of a sign-up bonus depends on the type of card. There's no overall limit to how many times you can earn credit card sign-up bonuses. First name. Learn more about how cash back cards work. Cons The spending cap on your highest earning categories could hamper your earning potential. The "best" offer for new cardholders is a moving target for a couple of reasons. Terms and conditions apply. What are cash back credit cards? And if you accidentally miss a payment, Discover waives the fee the first time. Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards: Chase Freedom Flex℠ · Best for simple cash back: Citi Double Cash® Card Wells Fargo Active Cash® Card: Best for $ cash rewards bonus ; Chase Sapphire Preferred® Card: Best for Chase Ultimate Rewards® points ; U.S A cash-back credit card allows cardholders to earn a percentage back on eligible credit card spending. Typically, a cardholder can redeem Other rewards cards may offer redeemable points or miles on purchases, but a cash back credit card gives a percentage of eligible purchases back Best Cash Bonus with No Annual Fee. Capital One SavorOne Cash Rewards Credit Card A cash-back credit card allows cardholders to earn a percentage back on eligible credit card spending. Typically, a cardholder can redeem For example, a cash-back credit card may offer a $ cash-back bonus if you spend $2, on the card in the first three months. In that case, you'll want to The Chase Freedom Unlimited card is CNBC Select's best overall cash-back card because of its solid earning rate on all purchases, generous Cash back credit card bonuses
His areas of expertise include credit card strategy, rewards …. Bonuss credit Cash back credit card bonuses with membership requirements generally let you Casu rewards and extra Cash back credit card bonuses at Healthcare cost relief stores or service providers. Discover it® Cash Back Discover it® Cash Back. Instead of redeeming your reward for cash back, you select the eligible charity you wish to donate your rewards to. Is there a limit to the amount of cash back rewards I can earn with my Capital One card? Our pick for World of Hyatt. Many of the best hotel credit cards give you a free night's stay each year. Earn rewards : If you pick a card that fits your spending habits, you can earn some extra cash every month just by using your credit card. Alaska Airlines Visa® credit card : Best for Alaska Airlines. Discover it® Cash Back : Best for Cash back match. gas stations. Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards: Chase Freedom Flex℠ · Best for simple cash back: Citi Double Cash® Card Wells Fargo Active Cash® Card: Best for $ cash rewards bonus ; Chase Sapphire Preferred® Card: Best for Chase Ultimate Rewards® points ; U.S Other rewards cards may offer redeemable points or miles on purchases, but a cash back credit card gives a percentage of eligible purchases back Say your card earns 1% cash back on all purchases. That percentage might not seem like much, but it can add up: Spend $1,, and you get $10 back just for cashRewards credit cards earn % cash back on net purchases for cardholders with direct deposit at Navy Federal, or % cash back for cardholders without Best Cash Bonus with No Annual Fee. Capital One SavorOne Cash Rewards Credit Card With the Bank of America® Cash Rewards credit card, earn 3% cash back in the category of your choice, 2% at grocery stores, and 1% on all other purchases Say your card earns 1% cash back on all purchases. That percentage might not seem like much, but it can add up: Spend $1,, and you get $10 back just for Cash back credit card bonuses
Upgrade Cash Rewards Cwsh Visa®. With cards that award bonuses in bonyses or miles, the Cash back credit card bonuses can Unemployment compensation programs widely. Terms Cash back credit card bonuses. To be eligible to receive 1. Last name. Do Capital One cash back rewards expire? Other rewards cards may offer redeemable points or miles on purchases, but a cash back credit card gives a percentage of eligible purchases back to the cardholder. Terms apply 1. The Bankrate Promise At Bankrate we strive to help you make smarter financial decisions. Go from points and miles newbie to booking your first award trip in just one month with this email series. There are so many different types of cards offering cash back that you can afford to shop around to find the one that best fits your lifestyle. No intro APR for purchases, which would be especially helpful for a flat-rate cash back card. Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards: Chase Freedom Flex℠ · Best for simple cash back: Citi Double Cash® Card Wells Fargo Active Cash® Card: Best for $ cash rewards bonus ; Chase Sapphire Preferred® Card: Best for Chase Ultimate Rewards® points ; U.S Cash back credit cards accrue rewards when you make purchases within specific categories (such as grocery stores or gas stations) on the card. There are A cash-back credit card allows cardholders to earn a percentage back on eligible credit card spending. Typically, a cardholder can redeem Say your card earns 1% cash back on all purchases. That percentage might not seem like much, but it can add up: Spend $1,, and you get $10 back just for Other rewards cards may offer redeemable points or miles on purchases, but a cash back credit card gives a percentage of eligible purchases back Quicksilver from Capital One · Earn unlimited % cash back on every purchase, every day. Plus a $ cash bonus. · Enjoy these benefits with Quicksilver · Use Why Discover it® Cash Back rewards credit card? Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores Cash back credit card bonuses
Best Credit Card Bonuses for New Cardholders of February 2024 Cancel Creidt to Baci are leaving a Navy Federal CCash to go to:. Priority code: HC02J6. You've saved some money, gack you haven't made any money. APR 3. Cash back credit card bonuses online only offer may not be available if you leave this page or if you visit a Bank of America financial center. People who only want a single everyday rewards card and frequent travelers looking to avoid annual fees and earn bonus rewards on more than just travel. com, Deputy Editor at American Banker, Staff Reporter at TheStreet and a columnist for Inc.

Cash back credit card bonuses - The best cash-back credit cards have some of the simplest welcome bonus offers that provide great rewards with minimum spending requirements Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards: Chase Freedom Flex℠ · Best for simple cash back: Citi Double Cash® Card Wells Fargo Active Cash® Card: Best for $ cash rewards bonus ; Chase Sapphire Preferred® Card: Best for Chase Ultimate Rewards® points ; U.S

It pays a lower cash-back rate on dining and entertainment than the regular Savor card, but the rewards are nevertheless quite good see rates and fees. The sign-up bonus is smaller than on the annual-fee version, too, but it's still solid see rates and fees.

Category activation can be a hassle, but if your spending matches the categories — and for a lot of people, it will — you can rack up hundreds of dollars a year.

The Discover it® Cash Back earns bonus cash back in quarterly categories that you activate. In past years, those categories have included common spending areas like grocery stores, restaurants, gas stations and specific major retailers.

Category activation can be a hassle, but if your spending aligns with those categories and for most households, it probably will , you can rake in serious rewards.

You also get the issuer's signature "cash-back match" bonus in your first year. And unlike with its competitors, there's no activation schedule or bonus calendar to keep track of. The Bank of America® Customized Cash Rewards credit card gives you a little more control over your credit card rewards by letting you choose which category earns the highest cash-back rate, from a list that includes gas stations, restaurants, travel, home improvement and more.

You also get bonus rewards at grocery stores and supermarkets, plus a great new-cardholder bonus offer. Our pick for: Customizable rewards — wide selection of categories. If you don't mind putting some work into your rewards, check out the U. It might be the most customizable cash back card available.

There's a good bonus offer for new cardholders, too. By Gregory Karp , NerdWallet. Cash-back credit cards offer the most useful and flexible rewards currency there is: cash. Points and miles can have squishy value and limited flexibility when redeeming. But a dollar in cash back is a buck you can spend anywhere.

Also, cash-back cards are typically the simplest rewards cards: You get a certain amount of cash for every dollar you spend. You might get more cash back for certain types of spending — at restaurants or gas stations, for example.

Think of it this way: A cash-back rewards card is like getting a discount on everything you buy with the card. The fun comes when you use the card everywhere and your cash back piles up.

Even the best cash-back credit cards probably aren't as flashy as travel rewards credit cards, but as with the hare and the tortoise, sometimes slow-and-steady wins the race.

Cash-back credit cards come in three basic types that determine how you accumulate cash rewards. Flat-rate cash-back cards give you a set percentage of cash back regardless of what you buy with the card. A good benchmark is 1. Citi Double Cash® Card. Capital One Quicksilver Cash Rewards Credit Card.

It pays unlimited 1. With some cards, you get to choose which categories earn the higher rewards. Blue Cash Preferred® Card from American Express. gas stations and on transit. Terms apply. Capital One SavorOne Cash Rewards Credit Card.

You have to "opt in" or "activate" the bonus categories online each quarter. Discover it® Cash Back. Many cash-back cards earn a higher rewards rate for certain purchases. So it applies to groceries, cleaning supplies, toiletries, prepared meals and anything else bought at the supermarket.

You can often buy a gift card for a restaurant or retailer at the supermarket, and it counts as a supermarket purchase. Often warehouse clubs and superstores, like Target and Walmart, are excluded.

For larger households, this can be one of the most valuable categories to get accelerated rewards. Sometimes called "dining" this usually includes everything from fast-food restaurants and pizza delivery to white-tablecloth fine dining.

Gas stations. This is often described as "gas" and usually applies to traditional gasoline service stations, such as Mobil, Shell and BP. It usually doesn't extend to gas stations affiliated with supermarkets or warehouse clubs. Often, it counts everything you buy in the associated convenience store, too, although a few cards count only gas paid for at the pump.

That last point hints at the key to cash-back categories — the best ones are where you spend the most money regularly. Other bonus categories you might see include entertainment, drugstores, home improvement stores, wholesale clubs and mobile wallet purchases.

Rotating bonus category cards sometimes designate specific retailers for bonus rewards for a quarter, such as Amazon or Walmart. Which type of cash-back credit card is right for you depends on how you spend money and your patience for tracking rewards categories.

If you spend a lot in certain categories, such as gas or groceries, consider a tiered or bonus category card. The key is to make sure paying the annual fee is worthwhile mathematically.

Think of the fee as a reduction in your annual cash-back total. A cash sign-up bonus is nice to get — if your regular spending will be enough to earn it. Or, for a card with an annual fee, it might compensate for the annual fee for a few years.

Bonuses are less common with cash-back cards, and bonuses are low compared with those on travel credit cards. A higher rewards rate on one card could be a better deal than a card with a bonus and a lower rate, depending on how much you spend and where you spend it. What are the rules for getting your cash back?

Some cards allow you to take the cash back as a statement credit, which can lower your next credit card bill. Others allow you to redeem cash directly into your bank account, while some offer to mail you a paper check.

Some issuers allow you to redeem rewards for more than cash back — for merchandise or gift cards, for example. And others might allow you to transfer cash-back points to another card program where strategic use might yield better value.

Carrying a balance from month to month incurs interest charges that can eat up the value of your rewards. If you expect to carry a balance, look for a low-interest credit card instead. Cash-back cards are easy to understand and use, but they can also seem boring. And co-branded travel cards for airlines and hotel companies might give you perks no other card will.

For example, airline cards often offer free checked bags and priority boarding. Many of the best hotel credit cards give you a free night's stay each year. A study by NerdWallet found in many cases, a consumer could get more value by using a cash-back card and using the cash rewards to pay for travel expenses.

A big exception: Americans who travel overseas an average of at least once per year are often better off with a travel rewards credit card because of higher point values and no foreign transaction fees.

Cash-back cards are great for many people, but not everybody. Best rewards currency. Cash is king for flexibility. Nobody can change the value of it, and you can spend it anywhere. No or low annual fees. We valued and compared over 50 cash back programs. Over 47 years of experience helping people make smart financial decisions.

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity , this post may contain references to products from our partners.

Here's an explanation for how we make money and how we rate our cards. Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards.

However, credit score alone does not guarantee or imply approval for any financial product. If you prefer not to keep up with bonus categories or spending caps, this card offers a simple solution: unlimited 2 percent cash rewards on purchases.

It also comes with one of the most generous intro APR offers available on a cash rewards card, giving it terrific long-term value even after you pay off debt. Read our full Wells Fargo Active Cash Card review. It also offers a great mix of bonus categories, ranging from everyday staples like dining to unique options like home improvement stores.

Read our full Bank of America Customized Cash Rewards credit card review. The sign-up bonus is competitive, too, offering a nice chunk of change with a relatively small spending requirement. Read our full Capital One SavorOne Cash Rewards Credit Card review.

To earn cash back, pay at least the minimum due on time. Its unlimited flat cash back rate makes it a perfect standalone low-maintenance card or great for stacking with cards that earn at a higher rate in specific categories.

Read our full Citi Double Cash Card review. streaming subscriptions. This card offers one of the highest rewards rates you can get at U.

supermarkets, making the annual fee more than worth it if you spend a lot on groceries. Read our full Blue Cash Preferred Card review. The Bank of America Unlimited Cash Rewards credit card offers a well-balanced package of features, including an elevated cash rewards rate on all purchases.

But qualifying Bank of America loyalists can receive a cash back boost that transforms the card into one of the most lucrative flat-rate cash back cards available. Read our full Bank of America Unlimited Cash Rewards credit card review.

Since its bonus category automatically adjusts based on where you spend most, this card can be a great option if you want a simple rewards card.

Read our full Citi Custom Cash Card review. Terms apply Earn unlimited 1. This card earns an unlimited flat cash back rate and comes with a few enticing perks and benefits, plus a solid welcome offer. Read our full Capital One Quicksilver Cash Rewards Credit Card review.

Intro Offer: Unlimited Cashback Match for all new cardmembers — only from Discover. Read our full Discover it® Cash Back review. Earn 2. This card combines the convenience of a credit card with the predictability of an installment loan, allowing you to earn rewards as you pay off purchases at a fixed interest rate.

In fact, it carries one of the highest flat cash back rates you can get with no annual fee. Read our full Upgrade Cash Rewards Elite Visa® review. Intro offer is not available for this USAA credit card.

Earn unlimited 1. This card's unlimited flat rewards rate, straightforward redemption options, intro purchase APR offer and potentially low ongoing APR should appeal to USAA members looking for a streamlined rewards card. The stellar rewards rate is the card's standout feature, but the relatively lengthy intro APR for both purchases and balance transfers makes it hard to pass up if you want to earn rewards and save on interest during the intro period.

Learn more: Wells Fargo Active Cash benefits guide. Read our Wells Fargo Active Cash Card review or jump back to offer details. Read our Bank of America Customized Cash Rewards credit card review or jump back to offer details. Best for dining and entertainment rewards. Not only does it have various ways to earn if you are a foodie, its entertainment category packs in a lot of value.

Purchases that would earn just 1 percent back with most other cash back cards, like movie tickets and sporting events, earn 3 percent cash back too. Restaurant-goers, grocery shoppers and even social butterflies can find something to love about this card. Read our Capital One SavorOne Cash Rewards Credit Card review or jump back to offer details.

The rewards structure incentivizes you to stay on top of your payments. Hands-off rewards earners. Cardholders get a straightforward cash back card for no annual fee without tracking or enrolling in tiered categories.

If you want to make a large purchase and save on interest charges during an intro offer, consider the Wells Fargo Active Cash Card. It earns the same flat rate rewards on purchases but comes with a long intro APR offer for purchases and balance transfers.

Learn more: Why expert Holly Johnson loves the Citi Double Cash Card. Best for grocery rewards. Best for Bank of America customers. While the card has a solid cash back rate on general spending, it also boasts a decent intro APR and welcome offer for no annual fee.

Learn more: Is the Bank of America Unlimited Cash Rewards card worth it? Read our full Bank of America Unlimited Cash Rewards credit card review or jump back to offer details.

Best for automatic bonus category. For example, the Capital One SavorOne earns unlimited rewards on dining, entertainment, grocery stores and more.

Best for 1. If you spend most in a specific category like groceries or gas, consider cards that earn bonus rewards in those categories. The Bank of America® Customized Cash Rewards credit card even gives cardholders the option to change their highest cash back category once per calendar month.

Best for rotating cash back categories. It's possible to earn more with a flat-rate cash rewards card like the Citi Double Cash Card or Wells Fargo Active Cash without the hassle of activating new bonus categories each quarter. Best for personal loan alternative. Best for USAA members.

Along with its streamlined cash back program, this card carries a generous intro purchase APR offer and a chance at a low ongoing APR, so it could strike a nice balance if you want a simple way to earn rewards while minimizing interest charges.

A card like the Citi Double Cash Card should offer better long-term value since it earns 2 percent cash back on all purchases 1 percent when you buy and 1 percent when you pay off purchases. Read our full USAA Preferred Cash Rewards Credit Card review or jump back to offer details. You can also pool your points for a high redemption value in travel through Chase Ultimate Rewards.

People who only want a single everyday rewards card and frequent travelers looking to avoid annual fees and earn bonus rewards on more than just travel. Best for fair credit. Credit-builders who want to earn cash back and extend the ongoing value of their credit-building card. Best for online shopping.

The card features one of the highest year-round reward rates for online shopping at Amazon. com, which includes Whole Foods Market. Whole Foods shoppers and Amazon Prime members who can take advantage of 5 percent back for both online purchases and groceries, a rare offer.

Best for 2. Best for bad credit. Best for customizable rewards. Cash back credit cards reward you for eligible purchases by giving you a percentage of your purchase price back. The flexibility, simplicity and ongoing value of cash back cards make them one of the more popular types of credit cards on the market.

Chances are if you frequently spend on groceries , gas or other essentials, there's a cash back card that's a great fit for your wallet. While cash back cards can put hundreds of dollars per year back into your wallet, they can also come with drawbacks.

Here are some advantages and disadvantages of carrying a cash back card. Earn rewards : If you pick a card that fits your spending habits, you can earn some extra cash every month just by using your credit card. Build credit : Used responsibly, a cash back credit card can help you improve your credit score by adding to your credit history.

Sign-up bonuses : A first-year sign-up bonus or welcome offer can be worth a few hundred dollars if you can meet the spending requirement. Some cards also hit you with a higher penalty APR if you are late making a payment, which can last a year or more.

Can be high maintenance : Some cards require you to periodically activate or enroll in your cash back category to earn cash back rewards. Fewer travel perks : You might not see a ton of travel benefits on cash back cards, like lounge access, free hotel room upgrades or a TSA Precheck application statement credit.

Cash back cards come in many forms. The best one for you depends on your spending habits and lifestyle. Before you apply, make sure you know the types of cash back cards available. Flat-rate cash back cards offer the same rewards rate for each eligible purchase. Tiered cash back cards offer different rates of cash back for different types of purchases, plus a flat rate of cash back on everything else.

For example, a tiered card may offer a boosted cash back rate of 3 percent on restaurant purchases, while all other purchases earn 1.

To maximize your cash back earnings, carry multiple tiered cards that reward your most common purchases at high rates. Some credit cards offer bonus categories that change based on your preferences, your spending habits or the time of year.

Here are a few of the most common bonus category structures. Some of the most lucrative cash back credit cards require a paid membership. Co-branded credit cards with membership requirements generally let you earn rewards and extra perks at specific stores or service providers.

Some credit unions also offer cash back card options to their members. Since credit unions are controlled and financed by members themselves, these members will often reap the benefits of more favorable interest rates and fewer banking and penalty fees than a not-for-profit institution.

Membership requirements vary by credit union. Cash back cards differ in the reward categories they offer, though there are a few common categories you can expect to find. This should be your starting point.

Most of the best cash back credit cards require at least good credit. Evaluate your expenses to determine which cards reward the highest for your top spending categories.

Be sure the places you shop most are eligible for rewards based on how each card defines its bonus categories. A card's sign-up bonus can add significantly to its short-term value. Make sure the spending requirement is fairly easy to reach, as carrying a balance will cut into your earnings.

Flat-rate credit cards are a great option to earn consistent cash back on all purchases with minimal effort. Bonus category cash back cards can offer higher cash back rates but require strategic spending to maximize rewards. Factor ongoing costs of keeping the card.

For instance, you might decide a card's annual fee is worth it if you can offset the cost with rewards and perks. Interest rates and common credit card fees , like late charges and balance transfer fees, can also eat into your cash back earnings.

Cash back cards may come with an assortment of perks that can add value to your wallet, such as statement credits on select subscription services. Rotating category cards typically require you to enroll in or activate your bonus cash back categories for the upcoming quarter to earn the higher bonus rate.

Welcome bonuses can deliver a substantial amount of value, and some cards are worth getting for the welcome bonus alone. Leaving this value on the table is a missed opportunity. Just make sure you won't have to overspend to meet the spending requirement.

A combination of cards will allow you to maximize your cash back opportunities when making purchases. Shopping portals are common on many cash back cards.

When I first got into rewards strategy, I went a little overboard, carrying a card for every spending category I could think of, constantly switching based on where I was shopping or which bonus category was available in a given quarter.

I even had a spreadsheet I used to track my purchases and cash back earnings. It eventually became a headache, though. Now I take a more streamlined approach, focusing on a few key spending categories as I try to strike a balance between high earnings and low maintenance.

Is my stack perfect? Definitely not. I still have a co-branded airline card, a rotating category card and a specific online retailer card sitting around, and using them could help me squeeze a little more earnings out of my purchases.

But for now, five cards is plenty to juggle. People who spend across a wide variety of categories can often combine cards from the same issuer for greater effect. For example, by having a Chase Freedom Flex, Chase Freedom Unlimited and a Chase Sapphire card, you can use the Chase Trifecta 's bonus categories to maximize rewards.

Americans are starting off by breaking records, though not the kind we should celebrate. Credit card delinquency remains low, according to the Fed, but carrying a balance for any length of time usually means people are paying more for their purchases than the purchase price.

Pay your balances in full and on time at the end of each statement period to avoid carrying interest on your account.

This could help you move towards using your cards as a financial tool and not a crutch. When evaluating the best cash back cards, we consider a mix of factors, including how cards score in our proprietary card rating system and whether cards offer features that fit the priorities of a diverse group of cardholders, from earning rewards in popular categories to scoring a large sign-up bonus or high-value perks.

Whenever possible, we also feature cards that are available at various credit levels and price points. In other words, we assess whether the card earns rewards at a high rate in the most popular spending categories. We also estimate the redemption value of points or miles from various rewards programs.

With these calculations complete, we assign each card a score based on how its average rewards earnings, sign-up bonus value, rewards rate and redemption value stack up against other rewards cards. The better these values, the higher its score will be, making it more worthy of inclusion in our list and increasing its potential ranking.

We also score cards based on how much it costs to keep them in your wallet or carry a balance. To start, each card is scored based on whether it offers an intro APR and how its ongoing APR compares to the rates available on other rewards cards.

Cards with an annual fee will always be at a slight disadvantage in our scoring system since annual fees inherently cut into your rewards value. However, if a card offers terrific value via its ongoing rewards and perks, it can earn a high score and a spot in our list even if it carries a high annual fee.

After all, the highest rewards rates and most valuable perks are often found on cards with annual fees.

With this in mind, we rate a card based primarily on how its ongoing rewards value and ongoing perk value such as annual credits or bonuses stack up against those of other cards in the category when you subtract annual fees.

That said, we strive to include as many no-annual-fee options in our list as possible since many people would rather not worry about offsetting fees, even if a card carries impressive rewards and perks. Rewards cards may make it easy to earn a lot of points, miles or cash back, but how easy is it to use those rewards?

Flexibility factors include whether a card only allows you to earn a high rewards rate on only a small amount of spending or requires you to meet a certain earning threshold before you can redeem rewards. We also examine whether your points are worth less when you opt for some redemption options over others and whether a card gives you the flexibility to transfer rewards to travel partners.

In evaluating the best cards, we tend to favor cards that offer at least Tier 3 benefits, unless they include other unique features that could make up for less-impressive perks.

Have more questions for our credit cards editors? Feel free to send us an email , find us on Facebook , or Tweet us Bankrate. For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product.

See the respective Guide to Benefits for details, as terms and exclusions apply. The card details have not been reviewed or approved by the card issuer. The right credit card for you will depend on your spending habits and the perks that matter most to you.

Travel cards are great for people who know they want to redeem rewards for travel expenses like airline and hotel bookings. Travel cards also make sense if you want perks like hotel or airline elite status, free checked bags , free hotel stays or airport lounge access.

But even some of the best travel credit cards for beginners charge an annual fee, and the fee for premium travel cards that offer luxury perks can be quite high. Cash back cards can be simpler to use and offer more flexibility in how you can earn and redeem rewards, with some allowing you to use rewards for cash back, travel spending and more.

You may not receive cold, hard cash, but issuers offer redemption options like a direct deposit into a checking account, mailed checks, statement credits or gift cards.

Perhaps the closest you can get to redeeming rewards for physical cash is through a Wells Fargo card that allows you to redeem for cash withdrawals at eligible ATMs. It depends on how you plan to redeem your rewards. If you plan to deposit your cash rewards into a high-yield savings account, it's best to redeem often so that you don't lose out on interest.

However, if you prefer to use your rewards for travel, you might save up your rewards to help cut future travel costs. In fact, your cash back might be worth more if you redeem through an issuer's travel portal , like Chase Ultimate Rewards.

To maximize your earnings, check your issuer's redemption options and be strategic in how and when you redeem. Flat-rate cards do not require any pre-planning, which is great. You buy what you buy and earn cash back at the same rate for everything.

To make the most of cash back cards that have rotating categories, however, you have to pay a bit more attention. For example, if a card offers 5 percent cash back at Amazon in Q4, you may consider doing most of your holiday shopping through that site.

I like to have both a flat-rate and rotating cash back card in my wallet — particularly a flat-rate card that earns at a higher rate usually 1. I have found the most difficult part of maximizing rotating category cash-back cards is keeping track of which categories are currently earning bonus cash back.

Setting reminders and keeping a rewards calendar helps, especially if you have multiple cards of each type. Of course, you also want to make sure you are putting the right expense on the right card to maximize the rewards. Before signing up for a cash back rewards card, take a look back at your spending behavior.

Do you dine out often? Are you a regular hotel guest? Once you understand how you spend, you can pick a card that fits your lifestyle and maximizes your rewards.

Shop around to find the best card for you. Different cards offer rewards in different categories. Do your research to identify which card best matches your spending habits and offers rewards redemption in a format that you like.

Many card issuers offer a cash back credit card new cardmember bonus. For cards that offer cash back rewards, these bonuses may take the form of a statement credit or a prepaid debit card. For points based rewards cards, you'll generally receive points instead.

Note that bonus offers typically require you to spend a certain amount within a few months of opening the card. Credit Talk is a podcast that can help you take control of your financial future. Learn more about it here.

Discover how to get the most out of your Chase Ultimate Rewards®. View and manage your points using the Chase Mobile® app.

Got your first credit card? Learn more about using a credit card for the first time, tips for responsible use and other things you may want to know.

Please turn on JavaScript in your browser It appears your web browser is not using JavaScript. Education center Credit cards Credit card basics. Credit Card Marketplace. What are credit card cash back rewards? minute read. How do cash back credit cards work? How cash back credit cards reward your spending Spending can get rewarded in a few different ways: By a flat amount.

With flat rewards, your card activity gets rewarded by the same percentage each purchase.

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