Top cash back cards

Fixed bonus categories: Medium hassle, higher cash-back rate on some purchases. Changing bonus categories: High hassle, highest cash-back rate on some purchases. Choose a flat-rate cash-back card if simplicity is paramount. A slew of cards offer 1. With many flat-rate cards, you can earn an unlimited amount of cash back.

A good example is the Citi Double Cash® Card. Compared with bonus-category cards, detailed below, here are typical advantages and disadvantages of flat-rate cards. Lower cash-back rate on some spending. Bonus-category cash-back cards come in two main flavors: Bonus categories that stay the same and those that change.

An example of a fixed category card is the Blue Cash Preferred® Card from American Express. Terms apply see rates and fees.

Fixed-category cards are more complicated than flat-rate cards, but at least you know the bonus categories are always the same. These cards are the most complicated because they not only have bonus categories to remember, but those categories also can change. Sometimes you can choose to change the categories, picking from a list.

The payoff for dealing with that hassle? Bonus categories in the past have included things like restaurants, grocery stores, gas stations, Amazon.

com and more. Compared with flat-rate cards, here are typical advantages and disadvantages of bonus-category cards. Higher rewards rates on some purchases. Cash-back credit cards for small businesses come in the same types: flat-rate, fixed bonus categories and changing categories.

In choosing a type of card, know yourself. Are you a person who will use credit cards strategically? And if others in the household use the same card, will they use it strategically? If you don't remember to use the right card for specific purchases, the higher rewards rate on a bonus-category card may not pay off.

And you might do better overall with a flat-rate card. After you know which type of cash-back card is right for you, choose based on these criteria to get the most cash back:. High rates for certain categories are great, but all categories aren't created equal.

Consider how much you spend in the category regularly. Minimum goals:. A one-time cash bonus is nice because it essentially boosts your rewards in the short term if you can meet the required spending to earn it.

But the rewards rate is more important over the long term. A card without a bonus could still be the right one for you. And some do. If a cash-back card has an annual fee, it has to be so good that it easily makes back that fee every year.

Think of it as a reduction in your annual cash-back total. One way to compare the monetary value of cards is to examine them over three years, using the factors above. Figure your annual cash back on a card for three years, add any sign-up bonus and subtract three years of annual fee.

Consider how complicated one card is versus another. That will mostly be decided by the type of card — flat-rate cards are easier to use than bonus-category cards.

But cards in the same category can offer different hassles. For example, some cards with excellent cash-back rates come from credit unions.

In applying, are you willing to join a credit union? Related articles. For example, you can get one card that offers extra cash back for dining, another that offers extra for shopping at Amazon, and another that gives extra for gas and groceries.

Make sure you meet the minimum spending requirement to qualify for the bonus, otherwise you could miss out on hundreds of dollars. Online credit card malls , accessible through your credit card login, can help you earn extra cash back on your web-based purchases, sometimes up to 10 times as much.

If you carry a balance from month to month, the interest can quickly gobble up more than you're earning in cash back. In that case, a low-interest card is probably a better choice.

If you need to transfer a balance, look for a balance-transfer credit card. Still not sure? See our best rewards cards for a range of credit cards that earn cash, points or miles. To view rates and fees of the Blue Cash Preferred® Card from American Express, see this page.

NerdWallet's Credit Cards team selects the best cash-back credit cards based on overall consumer value, as evidenced by star ratings, as well as their suitability for specific kinds of consumers.

Factors in our evaluation include each card's cash-back earning rates, rewards structure such as flat-rate or tiered categories , annual fee, redemption options including minimum redemption amounts , promotional APR period for purchases, bonus offers for new cardholders, and noteworthy features such as loyalty bonuses or the ability to choose one's own rewards categories.

Learn how NerdWallet rates credit cards. Every time you use a cash-back credit card, the card issuer "pays you back" a certain percentage of the purchase amount. With most cash-back cards, you can see your accumulated earnings on your monthly statement or through your online account portal, and you can decide when and how to redeem your cash back.

Some cards automatically apply your cash back to your account as a credit. But the rewards do ultimately leave you with more cash in your pocket.

Many cards also allow you to redeem cash back as a direct deposit into a bank account, and some will even mail you a paper check if you request it. Every card issuer has its own rules for how you can redeem cash back. Others let you redeem any amount at any time.

There are three basic kinds of cash-back credit cards:. Some cards let you pick which types of merchants earn the higher rates, but most have set categories.

You usually have to "activate" the category online to qualify for the higher rate. Everyone's spending patterns are different, so the card that earns you the most cash back depends on your individual situation.

Legally speaking, credit card rewards are treated as discounts on purchases rather than as income. That means you don't owe any taxes on your cash back. CREDIT CARDS CREDIT CARDS BEST CASH BACK CREDIT CARDS OF FEBRUARY Advertiser disclosure BEST OF 16 Best Cash Back Credit Cards of February By NerdWallet.

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

Here is a list of our partners and here's how we make money. Show summary. Best Cash Back Credit Cards From Our Partners. Credit card. NerdWallet rating. Find the right credit card for you. Get Started.

Take Quiz. Our pick for Bonus rewards: High rates on dining, groceries and more. Our pick for Flat-rate cash back: High ongoing rate. Our pick for Bonus rewards: Groceries, gas, commuting, streaming. Our pick for Customizable rewards: Wide selection of categories.

Our pick for Bonus rewards: High rate for big box shoppers. Our pick for Amazon Prime shoppers. Our pick for Flat-rate cash back: Apple Pay users. FULL LIST OF EDITORIAL PICKS: BEST CASH BACK CARDS. Wells Fargo Active Cash® Card. Apple Card. PayPal Cashback Mastercard®. Bank of America® Unlimited Cash Rewards credit card.

Alliant Cashback Visa® Signature Credit Card. Blue Cash Everyday® Card from American Express. Chase Freedom Unlimited®.

Prime Visa. Citi Custom Cash® Card. Bank of America® Customized Cash Rewards credit card. OTHER RESOURCES. What are cash-back credit cards?

Types of cash-back credit cards. Flat rate. Rotating categories. Common cash-back bonus categories. Examples of common bonus categories:. How to compare cash-back credit cards. Annual fee. Sign-up bonus. Cash back vs. travel cards. Pros and cons of using a cash-back card. Pros: Why it's worth getting a cash-back card.

Cons: Why a cash-back card might not be for you. Making the most of your cash-back card. Charge often. Most people spend far more than that each year on groceries, especially considering how much food prices have increased over the past year. Learn more about earning rewards on essential purchases in our American Express Blue Cash Preferred review.

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers.

Visit americanexpress. com to learn more. It combines a strong base rewards rate with an introductory APR offer and high travel rewards when you book through Chase Ultimate Rewards.

It also lacks an annual fee -- a welcome surprise for a card with these features. You can read more about it in our Chase Freedom Unlimited Review. The Citi Custom Cash Card has more flexibility than the average rewards card. Eligible categories include restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs and live entertainment.

You can learn more about it in our Citi Custom Cash Card review. Unlike some comparable cards, it could also double as a travel rewards card considering the lack of foreign transaction fees.

Learn more in our Capital One Quicksilver Cash Rewards Credit Card review. For January through March , it offers cash back for restaurants and drug stores. It also has one of the best welcome bonuses on the market: Discover will essentially double the cash back you earn for your first year with the card at the end of your first year.

Just be sure you do so on time, because unlike the Freedom Flex, there are no retroactive rewards to be earned here. In addition to the rewards and welcome bonus, you can use its introductory APR offer to avoid interest charges for a time. You can read more in our Discover it Cash Back review. Consider pairing it with a flat-rate, no-annual fee card like the Wells Fargo Active Cash card.

You can learn more in our Bank of America Customized Cash Rewards card review. In addition to its high earning potential, it has an introductory APR offer to help avoid interest charges on new purchases and any transferred balances.

You can learn all the details in our Capital One SavorOne review. If you have an Alliant High-Rate checking account, you can earn 2. The flat-rate rewards may appeal to those seeking simplicity in their credit card, and the introductory APR is one of the longest on the market.

The welcome bonus is also on par with other cash-back cards with no annual fee. gas stations and U. supermarkets, consider the Blue Cash Everyday Card. While everyday spending is at the forefront of the card, it also features a rare bonus category for U.

online retail purchases. It provides a higher cash-back rate than most other no-annual-fee cash-back cards and features an introductory APR for purchases and balance transfers, which provides even more utility.

Earning rewards for purchases you need to make no matter what should be an easy choice to make. You can find all the details in our Blue Cash Everyday card review. Its strongest feature is its gas rewards, as it earns much more than its competitors. Find all the details in our Costco Anywhere Visa Card review.

You might be able to further maximize your rewards by choosing cards that specialize in essential purchases like gas and groceries. Also, consider any additional card perks. They also tend to include things like purchase protection or extended warranties to protect your purchases against damage or theft.

Cash-back credit cards offer cardholders rewards on their spending in the form of statement credits or cash. A statement credit is a reduction in the amount due to the credit card company on your monthly bill. Note that rewards are not always available the month you earn them -- they are usually applied to your balance by credit card issuers after one or two billing cycles.

The redemption process for cash-back credit cards is either automatic or very simple. Some cards automatically apply cash rewards to your statement balance each month. Others require you to log in and redeem available rewards points for statement credits. Cash-back credit cards generally fall into four primary categories: flat-rate, tiered, rotating or choose-your-own.

Flat-rate cards offer the same rate for every purchase. Tiered cards offer a different rewards rate for different categories of spending. Rotating category cards offer different rewards each quarter, determined by the card issuer.

Choose-your-own category cards allow you to choose your rewards category. To get the most from your cash-back credit card, first match it with your spending habits. Instead, look for a cash-back credit card that matches your natural spending habits.

Also, redeem your rewards for statement credits or direct deposits. Once you get the hang of cash-back cards, consider pairing it with another rewards card that provides higher rewards for different purchases. For example, I pair my Wells Fargo Active Cash with the Blue Cash Preferred to earn strong cash rewards for my most frequent purchases.

Cash-back credit cards typically earn rewards as -- you guessed it -- cash back, whereas travel credit cards tend to earn rewards as points or miles. Cash back can be used to lower your overall statement balance or to add to your bank account, while travel cards can use their points or miles to cover travel expenses.

The two types of credit cards also tend to differ in what kind of benefits they offer. Travel cards usually offer protections including things like travel accident or rental car insurance, and may even offer annual statement credits.

Cash-back credit cards on the other hand will usually feature shopping protections and introductory APR offers. If there is something you regularly spend a lot on, choosing a credit card that earns rewards for the purchase can be a good way to bolster your finances. Other types of credit cards earn points or miles which may make more sense if you travel often.

Miles work similarly. You can transfer miles to travel partners, but you can also use them directly with an airline or hotel brand. No, the IRS typically treats credit card rewards as a rebate on your spending rather than as income. However, credit card rewards earned without spending money -- such as if you receive a referral bonus by getting a friend to sign up for a credit card from your issuer -- may be considered taxable income.

Yes, redeeming cash back as a statement credit will lower the overall balance of your credit account. Whether cash-back rewards expire varies from card to card.

For others, your rewards never expire as long as your account is open and in good standing. For rates and fees of the Blue Cash Preferred Card from American Express, click here.

Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited More cash-back cards to consider · Wells Fargo Active Cash® Card · Prime Visa · Chase Freedom Unlimited®. The Chase Freedom Unlimited is another no annual fee Hear from our editors: The best cash back credit cards of February · Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards

Top cash back cards - U.S. News' Best Cash Back Cards of February · Discover it® Cash Back · Instacart Mastercard® · Chase Freedom Unlimited® · Discover it® Chrome · Blue Cash Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited More cash-back cards to consider · Wells Fargo Active Cash® Card · Prime Visa · Chase Freedom Unlimited®. The Chase Freedom Unlimited is another no annual fee Hear from our editors: The best cash back credit cards of February · Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards

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.

You can find plenty of choices with no annual fee or reasonable fees if you want superior cash-back rewards. Low bonus requirements. Relatively low sign-up bonuses. No outsized value.

Points earned with travel cards can sometimes be parlayed into huge value, far exceeding the value of any cash-back card. Inappropriate for carrying a monthly balance.

Few perks. Foreign transaction fees. Some cash-back cards charge you a percentage of every purchase you make abroad. Such fees are rarer on travel and luxury cards. But if you never carry a balance, try to pile as much spending as you can onto your cash-back card to pump up your rewards.

For example, you can get one card that offers extra cash back for dining, another that offers extra for shopping at Amazon, and another that gives extra for gas and groceries. Make sure you meet the minimum spending requirement to qualify for the bonus, otherwise you could miss out on hundreds of dollars.

Online credit card malls , accessible through your credit card login, can help you earn extra cash back on your web-based purchases, sometimes up to 10 times as much. If you carry a balance from month to month, the interest can quickly gobble up more than you're earning in cash back.

In that case, a low-interest card is probably a better choice. If you need to transfer a balance, look for a balance-transfer credit card. Still not sure? See our best rewards cards for a range of credit cards that earn cash, points or miles. To view rates and fees of the Blue Cash Preferred® Card from American Express, see this page.

NerdWallet's Credit Cards team selects the best cash-back credit cards based on overall consumer value, as evidenced by star ratings, as well as their suitability for specific kinds of consumers.

Factors in our evaluation include each card's cash-back earning rates, rewards structure such as flat-rate or tiered categories , annual fee, redemption options including minimum redemption amounts , promotional APR period for purchases, bonus offers for new cardholders, and noteworthy features such as loyalty bonuses or the ability to choose one's own rewards categories.

Learn how NerdWallet rates credit cards. Every time you use a cash-back credit card, the card issuer "pays you back" a certain percentage of the purchase amount.

With most cash-back cards, you can see your accumulated earnings on your monthly statement or through your online account portal, and you can decide when and how to redeem your cash back. Some cards automatically apply your cash back to your account as a credit.

But the rewards do ultimately leave you with more cash in your pocket. Many cards also allow you to redeem cash back as a direct deposit into a bank account, and some will even mail you a paper check if you request it.

Every card issuer has its own rules for how you can redeem cash back. Others let you redeem any amount at any time. There are three basic kinds of cash-back credit cards:. Some cards let you pick which types of merchants earn the higher rates, but most have set categories. You usually have to "activate" the category online to qualify for the higher rate.

Everyone's spending patterns are different, so the card that earns you the most cash back depends on your individual situation.

Legally speaking, credit card rewards are treated as discounts on purchases rather than as income. That means you don't owe any taxes on your cash back. CREDIT CARDS CREDIT CARDS BEST CASH BACK CREDIT CARDS OF FEBRUARY Advertiser disclosure BEST OF 16 Best Cash Back Credit Cards of February By NerdWallet.

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page.

However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Show summary. Best Cash Back Credit Cards From Our Partners. Credit card. NerdWallet rating. Find the right credit card for you. Get Started. Take Quiz. Our pick for Bonus rewards: High rates on dining, groceries and more.

Our pick for Flat-rate cash back: High ongoing rate. Our pick for Bonus rewards: Groceries, gas, commuting, streaming. Our pick for Customizable rewards: Wide selection of categories. Our list is made up of the cash-back cards we believe can offer maximum savings on the purchases you make most often.

To choose the cards below, we evaluated dozens of cash-back cards on the market today and calculated the potential rewards value of each card based on average American spending data. Our final list is made up of cash-back cards with both the highest rewards value and the highest overall rating.

You can read more about our methodology at the bottom of this page. com checkout. Enrollment is required for both benefits. Terms apply; see rates and fees. Whether you do the monthly shopping for your family, have roommates, or just tend to eat and spend time at home often, you can get a ton of value from this card — as long as you can outpace the annual fee.

More details: The SavorOne card charges no foreign transaction fees, making it a good choice for trips abroad. Through Nov. But it can be ideal for both nights out and nights in, with other rewards on entertainment spending including movie theaters and tourist attractions , grocery stores, and streaming subscriptions.

But we also love the versatility of the Blue Cash Everyday. The Citi Double Cash takes our spot for the best flat cash-back card for several reasons.

Welcome offer: Get an unlimited match of all the cash back you earn over the first year. It also pays to activate early. Instead of a specific dollar amount, Discover will make an unlimited cash-back match of all the rewards you earn over your first year.

Like with any new card, just remember not to spend more than you can afford just to get a bigger bonus. Eligible retailers include Apple, Amazon.

com, Chewy. If you use the Shopper Cash Rewards card from U. Based on average spending data, we assume that most people spend the greatest amount each month on groceries, for example. But the benefit of customizable rewards is that you can switch things up when necessary.

The Chase Freedom Flex offers a wide range of rotating categories each quarter. Over the past year, these have ranged from specific retailers like Target and Amazon to broader everyday spending like wholesale clubs, fitness clubs and gym memberships, and more.

We also like this card for its ongoing cash-back rates on dining, at drugstores, and on Chase Ultimate Rewards Travel. Plus, it makes a smart pairing for cardholders who have other Chase cards in their wallets. You can transfer the cash rewards you earn as Chase Ultimate Rewards points to either of the Chase Sapphire cards and earn their boosted rewards rates when you redeem for travel.

Not only can you get 1. For frequent Amazon shoppers, the Prime Visa card can offer many savings and cash back in other everyday categories. Here are the rewards categories:.

com, Amazon Fresh, Whole Foods Market, and on Chase Travel purchases with an eligible Prime membership. The Chase Freedom Unlimited is another no annual fee card that combines rotating categories with flat cash back for a solid potential max value.

You can transfer your cash back as points between different card accounts to get even more value when you redeem for travel. Cash-back credit cards can carry a wide range of rewards, but they tend to fall in one of three categories. Flat cash-back cards earn a standard amount of cash back on everything.

Tiered cash-back cards may be what you imagine when you think of a cash-back credit card. These cards earn cash back at different rates across different spending categories.

Tiered cash-back cards can be great for maximizing your spending if you choose a card with great rewards where you spend most. Rotating cash-back cards are unique among rewards credit cards , since your top rewards categories are constantly changing. The rotating categories can differ year-to-year, but they tend to center around everyday spending.

You may, for instance, see categories like groceries , gas, and dining, as well as specific retailers like Target, Walmart, and Amazon. The rewards caps are important to remember with this type of card. Many cash-back cards charge no annual fee.

However, if you are willing to pay an annual fee for your cash-back card, you may get boosted cash-back rates in return. When we calculated average cash rewards earnings, all the cards with annual fees far outpaced their annual fees in rewards value.

The good news is that many of the best cash-back cards available charge no annual fee at all — making it easy to find one that works with any budget. 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.

Like with any new card, avoid spending more than you usually would just to meet the bonus threshold. The potential interest charges could quickly eliminate any added value if you have to carry a balance.

Here are a few common bonus categories offered today:. Review your receipts and statements from the past several months to get an idea of where you spend most.

Do you tend to eat at restaurants or order takeout most nights? Or do you stick to a weekly grocery shop for most of your meals? Do you have a car that takes a lot of miles on for your weekly commute?

Or do you rely more on public transportation, supplemented by Uber and Lyft rides? Knowing the details of your own spending habits can help you make the best choice of rewards. These can be among the most lucrative options, especially if your spending falls outside common categories.

But some cash-back options do offer extra benefits that can help you save even more throughout the year. Often, cash-back credit card benefits come from brands that partner with credit card issuers.

For example, you may get a small monthly credit toward a subscription or membership. But if you are already a member or subscriber, they may give you an extra savings boost over time. Make sure you keep regular track of the cash rewards you earn. You may even be able to set up automatic redemptions once you meet a certain amount of rewards earned.

Cash-back cards can be ideal for pairing with other cash-back cards or travel rewards cards to maximize your earnings. For example, say you already have a travel card you use to earn bonus points on flights, hotels, and rental cars when you travel.

You can also open a cash-back card for savings on dining at restaurants, your favorite streaming services, and supermarket shopping.

Now, between both cards, you can optimize the majority of your spending while traveling and at home. If you prefer the simplicity of only cash back, you could do something similar with two cash-back cards.

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2024 BEST CREDIT CARDS 💳 Best Cash Back Credit Cards + Best Travel Credit Cards + New To Credit ... Balance Transfers do not caeh cash back. How Negotiate better loan terms with improved credit rating compare cash-back credit Tol. Your financial PP lending platforms, like annual income and employment status, carss us better understand your credit profile and provide more hack approval odds. No Top cash back cards to track or remember and cash rewards don't expire as long as your account remains open. Info Regular APR: Increase your odds of finding the perfect card. Having the card provide you a reward for using it in the form of cash back is a way for the card issuer to encourage you to select that card over the others in your wallet when it comes time to make a purchase.

Best cash back credit cards compared More cash back cards to consider · Citi® Double Cash Card · Blue Cash Preferred® Card from American Express · U.S. Bank Cash+® Visa Signature® Wells Fargo Active Cash® Card: Best for Flat-rate cash back: High ongoing rate + incentives ; Chase Freedom Unlimited®: Best for Bonus rewards: 5: Top cash back cards


























Both Tpp back and PP lending platforms cards are Top cash back cards cards, meaning you crds some reward for your casg cash back or cqsh PP lending platforms miles. Catch up Repayment plan calculator CNBC Select's in-depth backk of casj cardsbanking and moneyand follow us on TikTokFacebookInstagram and Twitter to stay up to date. The flat-rate rewards may appeal to those seeking simplicity in their credit card, and the introductory APR is one of the longest on the market. After that, the variable APR will be He was one of the original contributors to The Points Guy, and his work has been appearing there since supermarkets each month. In some cases, you have to remember to activate the bonus categories each quarter in order to be eligible for the increased earnings. Some cash-back cards have no annual fee and others offer bonus spending categories that reward you for specific types of purchases. supermarkets No annual fee. Retail cards and co-branded card options were excluded to keep this list focused on general cash-back earnings. The Citi Custom Cash Card has more flexibility than the average rewards 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 More cash-back cards to consider · Wells Fargo Active Cash® Card · Prime Visa · Chase Freedom Unlimited®. The Chase Freedom Unlimited is another no annual fee Hear from our editors: The best cash back credit cards of February · Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards Best for no foreign transaction fees: card_name · 10% back on Uber and Uber Eats purchases · 8% back for Capital One Entertainment purchases · 5% back on hotels Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited Who's this for? The Chase Freedom Unlimited® Card, our top cash-back card, is ideal for anyone looking for a simple way to maximize cash back on Wells Fargo Active Cash® Card: Best for Flat-rate cash back: High ongoing rate + incentives ; Chase Freedom Unlimited®: Best for Bonus rewards: 5 11 Best cash back credit cards for February ; Wells Fargo Active Cash® Card · Rating: stars out of 5. ; Bank of America® Customized U.S. News' Best Cash Back Cards of February · Discover it® Cash Back · Instacart Mastercard® · Chase Freedom Unlimited® · Discover it® Chrome · Blue Cash Top cash back cards
Depending on your spending habits, you can benefit from having one or more cash-back cards. Flat-rate fards for everything else. Cash back bak the most flexible credit card reward of all. 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. By Gregory KarpNerdWallet. Blue Cash Preferred® Card from American Express : Best for gas and supermarkets. The Citi Double Cash® Card is a solid choice if you're looking to maximize your money without having to worry about rotating rewards categories or joining a credit union. Co-branded credit cards with membership requirements generally let you earn rewards and extra perks at specific stores or service providers. supermarkets, at U. Refer to your Guide to Benefits for more details. Related : Is the Capital One SavorOne Cash Rewards card worth it? Those with banking and investment accounts at Bank of America can bump their earning rate up to 2. Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited More cash-back cards to consider · Wells Fargo Active Cash® Card · Prime Visa · Chase Freedom Unlimited®. The Chase Freedom Unlimited is another no annual fee Hear from our editors: The best cash back credit cards of February · Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards Cash back credit cards are incredibly popular, with straightforward rewards from 1% to 6% cash back. Our top overall pick is the Chase Best cash back credit cards compared Caption Options · Best overall: Chase Freedom Flex℠ · Best for travel portal redemptions: Chase Freedom Unlimited® · Best for road trippers Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited More cash-back cards to consider · Wells Fargo Active Cash® Card · Prime Visa · Chase Freedom Unlimited®. The Chase Freedom Unlimited is another no annual fee Hear from our editors: The best cash back credit cards of February · Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards Top cash back cards
Best for U. Show less. This backk may impact how and where products badk on Top cash back cards site, nack, for example, Hotel rewards credit cards order in which they may appear within listing categories. 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. Ryan Noonan. Intro Offer. On the American Express secure site. Groceries: This category usually covers a variety of types of items you can purchase at supermarkets. from parent. There's no annual fee, but you have to be a Prime member, and that does have a fee. Annual Fee. A good example is the Citi Double Cash® Card. One way to compare the monetary value of cards is to examine them over three years, using the factors above. Capital One Quicksilver Cash Rewards Credit Card Best for 1. Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited More cash-back cards to consider · Wells Fargo Active Cash® Card · Prime Visa · Chase Freedom Unlimited®. The Chase Freedom Unlimited is another no annual fee Hear from our editors: The best cash back credit cards of February · Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards Best for no foreign transaction fees: card_name · 10% back on Uber and Uber Eats purchases · 8% back for Capital One Entertainment purchases · 5% back on hotels More cash back cards to consider · Citi® Double Cash Card · Blue Cash Preferred® Card from American Express · U.S. Bank Cash+® Visa Signature® More cash-back cards to consider · Wells Fargo Active Cash® Card · Prime Visa · Chase Freedom Unlimited®. The Chase Freedom Unlimited is another no annual fee Best cash-back credit cards · Best overall and best for no annual fee: Chase Freedom Unlimited® Card · Best for flat-rate cash back: Citi Double Best Flat-Rate Cash-Back Card: Wells Fargo Active Cash® Card The Wells Fargo Active Cash® Card is a solid option for those looking for a flat- 11 best cash-back credit cards of February · Browse by card categories · Blue Cash Preferred® Card from American Express · Wells Fargo Active Cash® Card Top cash back cards
Carfs PP lending platforms. Why we like casy card When it comes to rewards and student-centric benefits, the Discover it Student Cash Back is possibly the best student card available. Terms apply; Earn unlimited 1. A deposit into your bank account. CNET'S PICK. Balance Transfer is back! CNET reviews credit cards by exhaustively comparing them across set criteria developed for each major category, including cash-back, welcome bonus, travel rewards and balance transfer. All rewards total estimations are net the annual fee. Annual Fee. The Chase Freedom Unlimited ® credit card is all about giving you more for your money. Eligible spending categories are:. Read more from Evan. Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited More cash-back cards to consider · Wells Fargo Active Cash® Card · Prime Visa · Chase Freedom Unlimited®. The Chase Freedom Unlimited is another no annual fee Hear from our editors: The best cash back credit cards of February · Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards U.S. News' Best Cash Back Cards of February · Discover it® Cash Back · Instacart Mastercard® · Chase Freedom Unlimited® · Discover it® Chrome · Blue Cash Best cash-back credit cards · Best overall and best for no annual fee: Chase Freedom Unlimited® Card · Best for flat-rate cash back: Citi Double More cash back cards to consider · Citi® Double Cash Card · Blue Cash Preferred® Card from American Express · U.S. Bank Cash+® Visa Signature® The best credit card that gives 3% cash back in major spending categories is Chase Freedom Unlimited®. It offers 5% cash back on travel through Cash-back credit cards can offer a solid return on your most frequently made purchases, but don't overspend just to earn more. · CNET'S PICK Cash back credit cards are incredibly popular, with straightforward rewards from 1% to 6% cash back. Our top overall pick is the Chase Top cash back cards
But it can be PP lending platforms bakc both nights out bback nights in, with Credit score tracking rewards on entertainment spending including movie theaters cagds tourist attractionsgrocery stores, and streaming subscriptions. Evan Zimmer has been writing about finance for years. Explore Credit Cards. Additional perks: Online privacy protection, SSN monitoring and alerts Foreign transaction fee: None. Rotating cash back Rotating cash-back cards are unique among rewards credit cardssince your top rewards categories are constantly changing. Enjoy 4. Back to Main Menu Credit Cards. Eat out while traveling Chase Freedom Unlimited®. See the respective Guide to Benefits for details, as terms and exclusions apply. On the American Express secure site. APR: 1. 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. gas stations, U. Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited More cash-back cards to consider · Wells Fargo Active Cash® Card · Prime Visa · Chase Freedom Unlimited®. The Chase Freedom Unlimited is another no annual fee Hear from our editors: The best cash back credit cards of February · Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards Citi® Double Cash Card: Best for unlimited flat-rate cash back · Chase Freedom Unlimited®: Best for flexible redemption options · Discover it® Who's this for? The Chase Freedom Unlimited® Card, our top cash-back card, is ideal for anyone looking for a simple way to maximize cash back on The Capital One SavorOne Cash Rewards Credit Card offers 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding Caption Options · Best overall: Chase Freedom Flex℠ · Best for travel portal redemptions: Chase Freedom Unlimited® · Best for road trippers Best for no foreign transaction fees: card_name · 10% back on Uber and Uber Eats purchases · 8% back for Capital One Entertainment purchases · 5% back on hotels Who's this for? The Chase Freedom Unlimited® Card, our top cash-back card, is ideal for anyone looking for a simple way to maximize cash back on Top cash back cards

Top cash back cards - U.S. News' Best Cash Back Cards of February · Discover it® Cash Back · Instacart Mastercard® · Chase Freedom Unlimited® · Discover it® Chrome · Blue Cash Best overall cash back card: Wells Fargo Active Cash® Card; Best cash back card for those who want the most value: Chase Freedom Unlimited More cash-back cards to consider · Wells Fargo Active Cash® Card · Prime Visa · Chase Freedom Unlimited®. The Chase Freedom Unlimited is another no annual fee Hear from our editors: The best cash back credit cards of February · Best for everyday spending: Chase Freedom Unlimited® · Best for rotating bonus rewards

One of the few premium rewards cards to come with an intro purchase and balance transfer APR offer. Worthwhile reward redemption options are limited to statement credits. Plans created after that will have a monthly plan fee up to 1.

After that, your APR will be a variable APR of Variable APRs will not exceed gas stations. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.

com checkout. com with your Blue Cash Preferred® Card. Enrollment required. Terms Apply. View All Blue Cash Preferred® Card from American Express Details. BEST FOR GROCERY, GAS AND ONLINE REWARDS. Blue Cash Everyday® Card from American Express. Why we like this card The recently-updated Blue Cash Everyday Card makes it easier for household shoppers to earn more cash back on their everyday spending.

Many other cash back cards offer unlimited cash back rates in their bonus categories. supermarket bonus category, which may disappoint people who like to shop around for the best deals. Bottom Line The Blue Cash Everyday Card is a top choice if your spending and lifestyle habits line up with the rewards and perks.

No Annual Fee. Balance Transfer is back! After that, View All Blue Cash Everyday® Card from American Express Details.

BEST FOR CASH BACK FOR PREFERRED REWARDS MEMBERS. Bank of America® Unlimited Cash Rewards credit card. Our rating: 3. Rewards rate 1.

Overall rating Our rating: 3. Rewards Value: 2. APR: 3. Issuer Customer Experience: 5. Why we like this card At first glance, the Bank of America® Unlimited Cash Rewards credit card looks a lot like the other flat-rate cash back credit cards on the market — and, candidly, it is.

Cons Depending on your spending habits and financial portfolio, you may be able to earn more with other cash back credit cards. Bottom Line The ability to receive a rewards boost makes this a prime choice for existing Bank of America customers who are looking for a flat-rate cash back credit card.

Earn unlimited 1. That means you could earn 1. No annual fee. View All Bank of America® Unlimited Cash Rewards credit card Details.

Citi Custom Cash® Card. Rewards Value 3. APR 3. Rewards Flexibility 3. Features 3. Makes an excellent partner card to pair with other ThankYou point-earning and cash back Citi cards. You only earn boosted cash back in one category per billing cycle, so you may need to track your spending in order to maximize rewards.

Bottom Line The Custom Cash Card offers a unique way to earn stellar cash back on a range of categories, but its spending cap makes it an even better partner alongside another Citi ThankYou card. No rotating bonus categories to sign up for — as your spending changes each billing cycle, your earn adjusts automatically when you spend in any of the eligible categories.

No Annual Fee Citi will only issue one Citi Custom Cash® Card account per person. View All Citi Custom Cash® Card Details. BEST FOR UNLIMITED REWARDS.

Capital One Quicksilver Cash Rewards Credit Card. Terms apply 1. Rewards Flexibility: 5. Pros Unlimited 1. Generous introductory APR offer on purchases and balance transfers. View All Capital One Quicksilver Cash Rewards Credit Card Details. Discover it® Cash Back.

Apply now at Discover's secure site. Intro offer Cashback Match More information Close Intro Offer: Unlimited Cashback Match for all new cardmembers — only from Discover. Annual Percentage Rate: 4.

Features: 2. Why we like this card Although rotating category cards may seem complicated, Discover makes its card more reliable and lower-cost than competitors. Bottom Line Discover it Cash Back is a lower-cost, more predictable alternative compared to some competing rotating bonus category cards.

Intro Offer: Unlimited Cashback Match for all new cardmembers — only from Discover. Redeem your rewards for cash at any time. Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data.

Then Terms and conditions apply. View All Discover it® Cash Back Details. BEST FOR STUDENTS. Discover it® Student Cash Back. Our rating: 5. Just a dollar-for-dollar match.

Overall rating Our rating: 5. Introductory Offer 3. Interest and Fees 3. Rewards Program 5. Features 4. Why we like this card When it comes to rewards and student-centric benefits, the Discover it Student Cash Back is possibly the best student card available.

One of the few student cards to offer an intro purchase APR. Cons Activating the rotating categories each quarter can be cumbersome, especially for those new to credit cards. No purchase or travel protection benefits and few perks outside the rewards and low fees.

Bottom Line The Discover it® Student Cash Back card tops many student cards by offering remarkably high rewards and low costs with no credit history required.

No credit score required to apply. No annual fee and build your credit with responsible use. Intro Balance Transfers APR View All Discover it® Student Cash Back Details. Upgrade Cash Rewards Elite Visa®. Apply now at Upgrade's secure site.

Rewards rate 2. Rewards value 4. APR 2. Rewards Flexibility 2. Features 2. The limited fees and installment payment plan may give you a chance to pay off debt faster while paying less in interest charges than you would with a traditional credit card.

The limited redemption options make this a poor choice for a one-card wallet, especially for travelers who want to earn transferable rewards. Bottom Line The Upgrade Elite is packed with enough features and benefits to make it a strong contender for best flat-rate rewards credit card.

If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions. View All Upgrade Cash Rewards Elite Visa® Details.

Back to top. On this page Our top picks Cash back credit card details What are cash back credit cards? S supermarkets, U. gas stations, U. No rotating categories.

No enrollment. No need to think about which card to use for each purchase. Bottom line : The Active Cash Card is a hassle-free credit card for people who value simplicity and consistent flat-rate cash rewards over earning high rewards in specific categories.

Best for flexible cash back categories: Bank of America® Customized Cash Rewards credit card Best features : The Bank of America Customized Cash card gives you the freedom to change your bonus category once per calendar month, allowing you to tailor your rewards to your spending habits.

Alternatives : If you enjoy choosing your own categories to maximize rewards, the U. While this takes a little more effort to maintain, it also gives you more chances to earn cash back in a variety of categories.

Bottom line : The Bank of America Customized Cash Rewards credit card is a solid choice for people looking to earn rewards in a wide variety of categories while avoiding an annual fee. Plus, its broad entertainment category covers everything from concert tickets to tourist attractions and amusement parks.

Biggest drawbacks : Since its bonus categories are focused on food and entertainment, it may not make sense as an all-purpose rewards card. Learn how to decide what Capital One Savor card is right for you. Bottom line : Food and entertainment enthusiasts will have a hard time finding a no-annual-fee See Rates and Fees credit card that matches the benefits of the SavorOne Cash Rewards Credit Card.

Alternatives : The Wells Fargo Active Cash® Card offers the same flat rate of 2 percent cash rewards on purchases but stands out by offering an intro APR on both new purchases and qualifying balance transfers. Bottom line : This uncomplicated flat-rate cash back card would be a good match for someone who values flexibility.

Best for U. Plus, there are no rotating categories or enrollment to worry about. Read more on how our expert, Brady Porche, uses the Blue Cash Preferred card. It charges no annual fee and offers a decent rewards rate not only at U.

supermarkets, but also on U. online retail purchases. Learn how to decide which Blue Cash card is right for you. Plus this no-annual-fee card has enough additional benefits to give the Blue Cash Everyday Card and even some cards with an annual fee a run for their money.

Bottom line : While this card has huge rewards potential, the best rates are reserved for people with sizable account balances. That should appeal to rewards seekers looking for a no-maintenance credit card. Alternatives: If you like the idea of customized rewards but want a single card that earns in multiple categories at once, a great alternative could be the Bank of America Customized Cash Rewards credit card.

Best for unlimited rewards: Capital One Quicksilver Cash Rewards Credit Card Best features : Ideal for people who prefer to keep it simple, this gimmick-free card has no annual fee See Rates and Fees and offers unlimited 1. Rewards remain valid for the life of the account and there are no caps on how much you can earn.

Read more on If the Capital One Quicksilver Cash Rewards card is worth it. Biggest drawbacks : The 1. Alternatives : The Chase Freedom Unlimited card is another relatively simple cash back card. Bottom line : While other cards offer higher cash back rates, the simplicity of unlimited 1. Best for rotating categories: Discover it® Cash Back Best features : Discover will automatically match all of your cash back earnings at the end of your first year.

This is a popular incentive that encourages you to use the credit card often in the first year. Bottom line : The Discover it Cash Back is a solid pick thanks to its generous cash back rate in a wide variety of popular and practical rotating categories.

Read more on how credit card expert, Ana Staples, uses the Discover it® Cash Back card. Biggest drawbacks : The rewards program can be a bit confusing and takes some work compared to flat-rate cards and other cash back cards with a more straightforward rewards structure.

Biggest drawbacks : Rewards are not flexible and are automatically put toward paying off your balance. Alternatives : If you prefer the simplicity of a traditional flat-rate credit card, the Wells Fargo Active Cash® Card has a straightforward welcome bonus and earns an unlimited 2 percent cash rewards on eligible purchases.

What are cash back credit cards? How to calculate cash back Exactly how much cash you earn back per purchase will vary depending on the terms of your card and the type of purchase you make.

To qualify, debit card transactions must have settled and exclude ATM transactions. Please refer to the applicable Upgrade VISA® Debit Card Agreement and Disclosures for more information. Welcome bonus offers cannot be combined, substituted, or applied retroactively.

The bonus will be applied to your Rewards Checking Plus account as a one-time payout credit within 60 days after meeting the conditions. The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships.

It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners. Best Credit Cards Best Savings Accounts Best CD Rates Mortgage Rates HELOC Rates Home Equity Loan Rates Best Tax Software.

Top Money Pages. Back to Main Menu Banking. Back to Main Menu Credit Cards. Back to Main Menu Home Equity. Back to Main Menu Mortgages. Back to Main Menu Loans. Back to Main Menu Insurance. Back to Main Menu Personal Finance. Table of Contents In this article Jump to. How to choose a cash-back card How do cash-back cards work?

Types of cash-back credit cards Pros and cons of cash-back credit cards How to maximize your cash back How does a cash-back card compare to travel rewards cards?

Is a cash-back card right for you? Alternatives to cash-back credit cards How to apply for a cash-back credit card FAQs Other credit cards we researched Our methodology. How we rate credit cards. Advertiser Disclosure.

Advertiser Disclosure CNET editors independently choose every product and service we cover. Money Credit Cards. Written by Evan Zimmer Evan Zimmer Staff Writer. Edited by Jaclyn DeJohn Jaclyn DeJohn Editor. Reviewed by Shonda Martin Shonda Martin Expert Reviewer.

Updated Feb. CNET'S PICK. CNET Rating CNET rates credit cards by comparing their offers to those of their categorical competitors. Each card is individually evaluated through a formula which reflects the standards and expectations of the contemporary market. Credit card issuers have no say or influence in our ratings.

Rewards Rate 1. Amaz-ing rewards Prime Visa. Learn More. To earn cash back, pay at least the minimum due on time.

Eat out while traveling Chase Freedom Unlimited®. Average rewards with strong features Capital One Quicksilver Cash Rewards Credit Card. Terms apply; Earn unlimited 1. Revolving rewards Discover it® Cash Back. Intro offer available Intro Offer: Unlimited Cashback Match - only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year!

There's no minimum spending or maximum rewards. Best for dining and entertainment Capital One SavorOne Cash Rewards Credit Card.

A good credit union card Alliant Cashback Visa® Signature Card. Gas rewards for the Costco shopper Costco Anywhere Visa® Card by Citi. Show More Show Less. The best cash-rewards credit card Wells Fargo Active Cash® Card 9. Apply Now with Wells Fargo. What to know first Eliminating high-interest debt and building healthy credit habits are essential prerequisites to enjoying the perks of a rewards credit card.

Table of Contents How to choose a cash-back card How do cash-back cards work? The best cash-rewards credit card Wells Fargo Active Cash® Card. Apply Now. Intro Offer. Annual Fee. Rewards Rate. It does not necessarily guarantee approval for any financial product. Our Take The Active Cash card is the best general credit card you could choose.

Our Take Additional Details Rewards Rate. A combination credit card Upgrade Cash Rewards Visa®. Apply Now with Upgrade. Our Take The Upgrade Cash Rewards Visa card combines a personal loan with a credit card. Earn 1. com, Amazon Fresh, Whole Foods Market, and on Chase Travel purchases with an eligible Prime membership.

For fair credit. Up to 1. A revolving rewards card. Our Take The U. However, there are other options that offer more flexibility to redeem your rewards. Read our full review of the Capital One Quicksilver Cash Rewards Credit Card. The Capital One SavorOne is a great cash-back credit card for beginners looking for a solid cash back structure and no annual fee.

Read our full review of the Capital One SavorOne Cash Rewards Credit Card. The Chase Ink Business Cash is an excellent no annual fee card for small business owners.

Read our full review of the Ink Business Cash Credit Card. The Blue Cash Everyday card is a good option for people who want a simple cash-back structure with no annual fee.

You'll earn bonus cash-back on popular bonus categories, including U. supermarkets and U. gas stations. Read our full review of the Blue Cash Everyday card. It has bonus categories that match the spending patterns of many busy, modern-day U.

Its rewards are simple to use, as they come in the form of Reward Dollars that can be redeemed as statement credit or at Amazon. Families that spend a fair amount on groceries and streaming services and who want to keep their rewards simple will do great with adding the Amex Blue Cash Preferred Card.

It should not be used by frequent international travelers while abroad as it does have a 2. Compared to the 1. If you want to earn bonus cash back on purchases at U. supermarkets and gas stations without an annual fee see rates and fees , you can instead look to The Blue Cash Everyday® Card from American Express , which awards bonus cash back in many of the same categories.

It was a no brainer for me! However, with the Citi Double Cash, if you add a more premium card, such as the Citi Premier® Card see rates and fees , to your wallet down the line, you can convert those rewards to more valuable Citi ThankYou points.

Freelancers and independent contractors love the ability to earn 1. Plus, there are no earning limits on this card. There are two types of business owners who will benefit from this card.

The first is the person looking for a card with a lucrative earning structure but no annual fee. This is an ideal card for everyday business expenses. The first two cards maximize my points-earning on things like office supply, internet and phone purchases, while the Ink Unlimited covers everything else with a flat 1.

The fact that I have the Ink Preferred means I can convert my cash back from the Ink Unlimited into more valuable Chase Ultimate Rewards points. This no-annual-fee card will stay in my wallet for years to come.

Those with banking and investment accounts at Bank of America can bump their earning rate up to 2. As the name suggests, the Citi Custom Cash card is meant to be customized to fit your lifestyle — without you having to remember to select a bonus category each month. The 10 eligible categories include things like grocery stores, restaurants, gas stations, gyms and home improvement stores.

This card is best for those who have spending patterns that vary and want a card that can keep up. Maybe one month you splurge on concert tickets and the next you are cooking meals at home and leaning into grocery shopping — this card can adjust automatically to reward you where you are spending the most.

Customizable rewards means you have more control over your rewards strategy and can build a card that is personalized for your specific needs.

One of the simplest and most rewarding cash-back cards out there is the Citi Double Cash Card. You can even convert the cash back to ThankYou points via a linked ThankYou card, such as the Citi Prestige® Card or Citi Premier® Card see rates and fees. The information for the Citi Prestige has been collected independently by The Points Guy.

The card details on this page have not been reviewed or provided by the card issuer. Paired with my other Citi cards, it unlocks huge earning potential on everyday spending. But perhaps even better is that the Chase Freedom Unlimited can be paired with a premium Chase credit card, such as the Chase Sapphire Preferred Card or Chase Sapphire Reserve, to amp up the value of the rewards when used for travel.

In fact, it makes up one-third of what we call the Chase Trifecta. This makes it a good match for almost anyone, but especially for those who want to one day use some of their rewards for travel.

It has solid bonus categories but also gives 1. And, if you have a higher-end Chase card, you can effectively convert these cash-back earnings into fully transferable Ultimate Rewards points.

The Quicksilver Cash Rewards card is a no-fuss card with a 1. This includes access to the Capital One Travel site, which even allows you to get some fare purchase protection on eligible flights if the price drops. This card is great for those who occasionally travel and want access to some related Uber and travel site perks that come with the card — all while still keeping their rewards strategy very simple.

The Capital One SavorOne is the card to have for going out, eating out and seeing the latest concert — all with no annual fee see rates and fees. If you want a Capital One card with a higher everyday earning rate but without the category bonuses , look into the Capital One Quicksilver Cash Rewards Credit Card , which also has no annual fee see rates and fees but awards 1.

The Ink Business Cash is great for small-business owners who want to dip their toes into the Chase Ultimate Rewards world, since you can turn those cash-back rewards into fully transferable Ultimate Rewards points if you also have the Chase Sapphire Preferred Card, Chase Sapphire Reserve or Ink Business Preferred Credit Card.

But my favorite perk is taking those cash-back rewards and combining them with my earnings from the Chase Sapphire Reserve. If you want the benefits of being in the Chase Ultimate Rewards ecosystem and aren't a fan of keeping track of bonus categories, look at the Ink Business Unlimited Credit Card , which also has no annual fee and awards 1.

supermarkets, U. gas stations and U. com checkout. If you want no annual fee and some popular bonus categories, then the Blue Cash Everyday Card may well be the best card for you.

This way, you can determine what type of cash back card would be best for you. If you are a particularly high spender, you could consider cash-back cards with annual fees that offer higher cash-back rates.

Alternatively, you may spend a bunch on particular types of purchases — like dining or groceries. Maybe your spending varies significantly from month to month. After you have identified your major spending categories, you will be able to choose a cash back card that offers the most rewards for your spending.

For example, if groceries are a major expense , consider a card that offers elevated earning rates on these purchases. Then, in order to maximize your cash-back rewards, consider getting a card with a flat-rate earning structure.

Another way to maximize your cash-back cards is by using them alongside cash-back apps and online shopping portals. Many popular sites like Rakuten give users bonus rewards on qualifying purchases, and this can be stacked with the cash back you earn by using your credit card.

In addition, the major credit card issuers offer discounts or bonus rewards with targeted promotions on your spending — including Amex Offers , Chase Offers and Citi Merchant Offers. A cash-back credit card awards you cash — or a cash-like reward — for every dollar charged to the card.

Some cash-back credit cards offer a fixed amount rewarded back across all purchase categories, such as in the example above, while others award different percentages back in the form of rewards on various types of spending, such as dining or groceries.

Earned cash back is often awarded in the form of a statement credit. However, it may also be available for deposit into your bank account or via a check.

The simplest cash-back credit cards are the ones that earn the same percentage of cash back on all purchases. This flat rate is often 1. Many cash-back credit cards offer different amounts of cash back on various categories or purchases. For example, the bonus categories in the first quarter of the year might be restaurants and streaming services before switching to grocery stores and Amazon purchases in the second quarter of the year.

In some cases, you have to remember to activate the bonus categories each quarter in order to be eligible for the increased earnings. There is typically a cap on how much you can earn in cash back on those rotating categories per quarter.

There are some cash-back credit cards that put the cardholder in the driver seat and let them choose the categories that earn bonus cash back. With some of these cards, you make the selections yourself. One of the largest cash back credit card mistakes is not selecting the right category to earn the most on your spending.

Others automatically give bonus cash back in the eligible category you spent the most in within a billing cycle. While most cash-back credit cards are available to anyone who meets their approval requirements, a few deem it necessary to have a specific membership in order to be a cardholder.

This may include having a membership to a warehouse store, a specific bank or credit union, or another entity. Some stores will offer a co-branded store card with an elevated cash back rate.

Choosing between a credit card or store card will mostly be dictated by your spending but we generally recommend a general cash back card over a co-branded store card. Many banks like Chase and Capital One have online shopping sites for their cardholders. These sites link out to hundreds of online retailers, such as Home Depot, Gap, Apple and Target.

This is most common with cards that have rotating bonus categories or the option to select your own bonus categories. Should you frequently find yourself paying interest on your rewards credit card purchases, know that you are likely paying more for the rewards and cash back than they are worth.

The cash back vs points debate is a common credit card contention. Some credit cards reward you with airline miles, hotel points or flexible travel points that can be used in different ways to book that next trip. Sometimes, the points earned by those cards are worth a fixed value 1 cent per point, for example.

In other cases, the value of the points may vary based on how you use them. However, with cash-back credit cards, you are earning a cash equivalent reward. The benefit of this is that you can have more flexibility when it comes to using the rewards. Know, though, that whether a cash-back credit card is the absolute best option for you ultimately depends on your spending patterns and the goals you have for your credit card rewards.

When you charge a purchase to your cash-back credit card, you earn rewards based on the percentage of cash back your card awards in that purchase category. You are then able to cash out your rewards via options such as a statement credit, a check, a deposit in your checking account, etc. They want you to use them frequently so they can make money off of interchange fees charged to the retailers and potential interest fees.

Having the card provide you a reward for using it in the form of cash back is a way for the card issuer to encourage you to select that card over the others in your wallet when it comes time to make a purchase.

The one that will result in the most cash back for you depends on your spending patterns and what other cards you already have in your wallet.

Typically, cash-back rewards do not expire as long as your card remains open and in good standing. However, you should check the terms and conditions of your specific cash-back card to know the circumstances under which your cash-back rewards could expire or otherwise be forfeited.

While you should always consult an accountant for specific tax advice, rewards earned from purchases on your credit cards usually are not taxable, as they are considered purchase rebates. That said, if you get cash back from something other than a purchase such as for referring a friend to the card , that may be considered taxable.

Essentially, yes. No one from the bank is likely to walk up and hand you some crisp bills after using your cash-back credit card, but you will earn cash back in the form of a statement credit, a deposit in your bank account, a check or another method.

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Best Cash-Back Credit Cards for February 2024

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