Penny Calling Penny

22 Best Cashback Credit Cards of 2022

Best Cashback Credit Cards

Disclaimer: Penny Calling Penny is an affiliate website. This means that we get a small commission when you click some of the links in this article. Don’t worry – we’ll never recommend anything we wouldn’t use ourselves.

A re you looking to sign up for a cashback credit card? Credit cards can be handy financial tools to give you the purchasing power and offer rewards for everyday purchases.

Some of the eligible uses of credit cards include grocery, tickets, dine, travel, business purchases, etc.

Furthermore, utilizing a credit card can help improve your credit score.

And if you can conveniently pay with your credit card, why not get money back on every purchase you make?

This article looks into the 23 best cashback credit cards that can reward you with cash and other rewards every time you transact with the card. 

We compare these cards in cashback amount, APR (annual percentage rate), annual fees, and other card perks. 

Things to Consider in A Cashback Credit Card

With a slew of cashback credit cards from different companies in the market, it can be quite a hassle figuring out the best cashback credit card for you.

Cashback Credit Card Categories

There is more to credit cards than meets the eye. First, there are three types of cashback credit cards in the market—the flat-rate, rotating category, and tiered-rate credit cards.

You can consider any of the above credit card types depending on your spending habits and card use.

  • Flat-rate cashback credit cards. These are the most straightforward cashback credit cards to use, and as its name suggests, you get a flat-rate cashback on any transaction.

Depending on the provider, you can expect a 1.5% to 2.5% cashback rate on any purchase.

An excellent example of a flat-rate cashback credit card is the Capital One Quicksilver Cash Reward card. It offers an unlimited 1.5% money back on every purchase you make every day. 

Chase’s Freedom Unlimited® Credit Card is a flat-rate cashback credit card with a 1.5% cashback rate on your every purchase.

  • Rotating Categories Cashback Credit Card. Have you heard of a credit card promising up to 5% cashback on your purchases? Those are the cashback credit cards that feature rotating categories of rewards. 

In layman language, you’ll need to use your credit card to pay for stuff in specific categories available for that quarter year to qualify for the 5% money back. 

So, although the cashback rate is pretty tempting, you need to meet the terms to get the reward.

With a rotating categories cashback credit card, you’ll need to opt-in to the 5% cashback offer every quarter year.

Notably, the cashback rate applies to purchases of up to $1,500 in that active quarter with this credit card type.

Chase Freedom Flex℠ cashback credit card is an excellent example of rotating cashback categories.

  • Tiered-rate cashback credit card. This is another cashback credit card type that requires some effort on the spender to enjoy maximum cashback and rewards.

The tiered rate means that the credit card features some categories with higher cashback and a 1% cashback on all other purchases.

An excellent example of a tiered-rate credit card is the Capital One Savor Rewards which offers 4% on popular streaming, dining, and entertainment. You will also get 3% cashback on groceries and 1% on all other purchases.

Cashback Credit Card Fees

Another thing to consider when hunting for the best cashback credit card is the annual fee. Some cashback cards like the Capital One Savor Rewards card have annual fees that you must pay to keep and use the card.

But luckily, many of the cashback credit cards offer zero annual credit card fees. Zero-fee cashback credit cards are great to maximize your card earnings without paying any fee. And if you must pay the credit card’s annual fee, you can do the math and see if using the card is worth your money. 

Notably, other cashback credit card fees apply— apart from annual fees—and you should consider them when choosing your credit card.

For instance, credit cards can have balance transfer fees—some can be pretty high, so it is good to look for a cashback credit card that charges lower fees for balance transfer transactions.

A late fee is another typical credit card fee that issuers can charge on your card for late payments.

Some credit cards don’t have a late fee policy but ensure to read the fine print to understand all the terms and conditions.

Another thing you should consider is the foreign transaction fee. Some cashback credit cards can charge you to make transactions outside of The US, including using your credit card for online purchases in different currencies.

Cashback Credit Card Perks and Rewards

Cashback credit cards have different reward structures, and it is best to consider one that works for you.

A recent study by Bankrate shows that 31% of cardholders didn’t utilize their cashback and rewards in 2020. 

You’re likely to leave your money on the table by pulling out the wrong card. 

Utilize all your rewards and bonuses by understanding each card’s redemption structure.

Some of the typical credit card perks include money back to your account, travel points, a statement credit, and gift cards redemption.

A money-back credit card means getting the actual cashback loaded into your account every time you use the card.

With some credit cards, you will have to redeem your cashback in gift cards. 

Certain cards will allow you to redeem your cashback to pay off the balance on your credit card.

And lastly, with specific cashback credit cards, you can convert your cashback into travel points that you can redeem on select flights and hotels.

Credit score

Another crucial variable determining whether you can get a credit card is your credit score.

And luckily, there is a credit card for every consumer regardless of your credit score rating.

Credit card providers can use FICO or VantageScore to determine your creditworthiness, and here is how those rankings look.

FICO® SCORE

  • Poor: 300 to 579
  • Fair: 580 to 669
  • Good: 670 to 739
  • Very good: 740 to 799
  • Exceptional: 800 to 850

 

VantageScore

  • Very poor: 300 to 499
  • Poor: 500 to 600
  • Fair: 601 to 660
  • Good: 661 to 780
  • Excellent: 780 to 850

 

Understanding where you fall in the above credit ratings can help you choose the right cashback credit card.

Remember, cashback credit cards come with interest rates, and you can get high-interest rates if you’re a lower-scoring spender.

Are there cashback credit cards for bad credit?

Yes, there are excellent cashback credit cards for bad credit to help you build your credit rating.

If you’ve got a fair/good credit score, you can consider unsecured cashback credit cards like Capital One Platinum Mastercard®.

It can also be pretty easy to qualify for secured cashback credit cards if you have bad credit.

You’ll need to load your credit card with a minimum deposit to act as collateral and your spending limit with secured credit cards.

If you are late on bill payment, you’ll lose your deposit, so make timely payments with such a credit card.

Importantly, consider a secured cashback credit card for bad credit that you can upgrade to unsecured once you hit a good credit score.

Secured Credit Card from Discover It® is an excellent unsecured cashback credit card that can upgrade to unsecured.

Cashback Credit Cards APR (Annual Percentage Rate)

A credit card’s APR is the interest you incur on balances on your card.

The credit card APR varies, depending on your credit card type and the company. 

Most cashback credit card companies have an introductory offer of 0% APR, which means you won’t have to pay interest on your card balances during the initial period.

According to a recent report by CreditCards, the average credit cards APR stands at 16.17%.

Cashback Credit Cards Limit

The credit card limit is crucial to consider when looking for a cashback credit card.

The credit limit you can get depends on your creditworthiness and other variables set by the card issuer.

The credit limit dictates the maximum balance amount you can utilize to make purchases before repaying.

What are The Advantages of Cashback Credit Cards?

Cashback credits cards offer more benefits than money-back to your account.

First, most cashback credit cards have sign-up bonuses, which means that you can get instant rewards once you sign up for the card. 

Often the bonuses apply when you purchase with your card within the introductory period.

Another advantage is that cashback credit cards can help you build your credit score. Paying off your credit card bill on time can help keep your credit use down and boost your credit score.

Your credit card provider will typically share your card activity with credit reporting agencies like Experian, TransUnion, and Equifax.

Another benefit of cashback credit cards is that some have a 0% APR offer for the introductory period. And this means that you can enjoy an interest-free bonus for a while, which can be helpful if you’ve got large purchases to make.

Cashback Credit Cards Drawbacks

One of the most significant downsides of cashback credit cards is the high annual percentage rate (APR). You can get the zero APR as a welcome offer, but the annual APR will start rolling once the introductory period is over.

And this means that you could be looking at an APR starting from 16% and upwards of 20%.

Furthermore, some cashback credit cards have cashback caps which means that you can’t earn more than the maximum cashback.

Additionally, cashback credit cards can charge a foreign transaction fee, which means you might need to pay to use your card to make online purchases outside the country.

With all that in mind, below are our top choices for cashback credit cards.

Table of Contents

Top Select for Best Cashback Credit Cards

Narrowing down your preferable cashback credit card can be quite a hassle. Check out the cashback credit cards below to determine the best card that fits your spending and lifestyle

1. Chase Freedom Unlimited® Credit Card—Best Cashback Credit Card for Everyday Purchases

Chase Freedom Unlimited is our first pick for the best cashback credit cards. If you’re looking for the best cashback credit card with the best sign-up bonus and zero annual fees, Chase Freedom Unlimited®’s cashback credit card is it. This cashback credit card features a $200 sign-up bonus and 5% money back when you use them at gas stations. The $200 welcome bonus applies to the first $500 worth of purchases you make during the first three months of account opening. Furthermore, you will get 5% cashback on $6,000 worth of gas station purchases during the first year. Chase Freedom Unlimited® cashback credit card offers don’t stop there. You can also get 5% money back on travel purchases through Chase Ultimate Rewards®. There is also 3% cashback on dining, including takeout and applicable delivery services. As a cardholder, you will earn 3% cashback on drugstore purchases and 1.5% on all other purchases. And what’s better? Once you sign up for and hold an active Chase Freedom Unlimited® cashback credit card, you can invite your friends and get $100 on every qualifying sign-up.

Annual Fee

$0

Regular APR

14.99%–23.74%

Credit Required

Fair

Annual Fee

$0

Regular APR

14.99%–23.74%

Credit Required

Fair

Chase Freedom Unlimited® Cashback Credit card pros

  • Chase Freedom Unlimited® offers a 0% introductory APR that lasts for 15 months. After that, you will get a low variable APR of 14.99%-23.74%.
  • Another benefit of Chase Freedom Unlimited® is the zero annual fees. You won’t have to pay a yearly credit card fee as a cardholder, getting the most out of your cashback.
  • There is no minimum to redeem your Chase Freedom Unlimited® rewards, and there is no reward expiry—you can accumulate your rewards for as long as your credit card is active.
  • And the most vital of all is the round-the-clock security against fraud.

Chase Freedom Unlimited® cons

  • Chase Freedom Unlimited® charges 3% or $5—whichever is more significant—on balance transfers during the first sixty days. After that, the fee is 5% or $5 on the balance transfer.
  • There is also a 3% on abroad transactions and other fees, including up to $40 on late payment.

2. Alliant Visa® Signature—Best Cashback Credit Card for Alliant Credit Union Members

Do you have an Alliant Credit Union account? You can easily qualify for the Alliant Visa® Signature cashback credit card, which offers 2.5% cashback on purchases. Typically, you get 2.5% on purchases of up to $10,000, and any amount above this figure will earn you 1.5% cashback. And this means that the card works well if you’re a big spender. This cashback credit card is excellent for a zero-annual-fees card and zero fees on foreign transactions.

Annual Fee

$0

Regular APR

12.24% - 22.24%

Credit Required

Good

Annual Fee

$0

Regular APR

12.24% - 22.24%

Credit Required

Good

Alliant Visa® Signature pros

  • Alliant Visa® Signature doesn’t charge annual fees.
  • Zero fees on foreign transactions
  • Straightforward unlimited rewards with zero categories to track
  • Protection against fraud is a guarantee.

Alliant Visa® Signature Cons

  • Alliant Visa® Signature cashback credit card is only available for Alliant Credit union members.
  • They charge 3% on each balance transfer transaction.

3. Citi® Double Cash Card—Best Cashback Credit Card for No Limits on Cashback Earnings

Citi® Double Cash Card is an ideal credit card to earn 2% cashback on eligible purchases. Typically, you get double rewards when you use Citi® Double Cash Card—earn 1% money back on all purchases and an additional 1% when you pay your balances. Additionally, Citi® Double Cash offers 0%APR for the first 18 months. Notably, starting March 28, 2022, you will earn cashback in the form of ThankYou® Points that you can convert into statement credit, check, or direct deposit. The reward structure remains 1% on purchases and 1% on bill payments.

Annual Fee

$0

Regular APR

14.24%-24.24%

Credit Required

Good

Annual Fee

$0

Regular APR

14.24%-24.24%

Credit Required

Good

Citi® Double Cash Card Pros

  • Citi® Double Cash Card has no cashback limits and restricting categories to track, making it straightforward and hassle-free
  • Also, Citi® Double Cash Card offers the most extended 0% APR introductory period, 18 months.

Citi® Double Cash Card cons

  • A variable APR penalty—up to 29.99% — is applicable on late or returned payments.
  • Additionally, a 3% charge applies to all foreign transactions.
  • You need a minimum of 1,013 Thank®You Points to redeem into a $10.13 check, direct deposit, or a statement credit.

4. Capital One SavorOne Rewards—Best Cashback Credit Card for Cashback on Grocery Shopping and Dining

If you have good credit and looking for a cashback credit card that offers a money-back on grocery shopping, Capital One SavorOne Rewards card is it. You get 3% cashback on grocery shopping stores, dining, entertainment, and popular streaming services. Furthermore, you can earn 1% cashback on all other eligible purchases. And the best part is that your cashback earnings won’t expire as long as your account is active. Additionally, SavorOne Rewards Card offers 8% cashback on your Vivid Seats ticket payment. You can also redeem your rewards when you pay your online purchases using PayPal.

Annual Fee

$0

Regular APR

14.99%-24.99%

Credit Required

Good

Annual Fee

$0

Regular APR

14.99%-24.99%

Credit Required

Good

Capital One SavorOne Rewards Card Pros

  • There are no minimum rewards to redeem, and you can redeem any amount available.
  • SavorOne Rewards Card doesn’t have annual fees.
  • No fees on foreign transactions.
  • You can purchase stuff on Amazon with your SavorOne rewards.

Capital One SavorOne Reward Card Cons

  • You need a good/excellent credit rating to qualify.
  • Purchases on superstores like Walmart® and Target® are not eligible.

5. Citi Custom CashSM Card—Best 5% Cashback on Groceries and Entertainment

If you’re a big spender on restaurants, grocery stores, gas stations, and entertainment, Citi Custom CashSM Card is the best card to earn you 5% cashback on your purchases. You can also earn $200 when you spend $750 on your introductory period, three months from when you open the account. Additionally, you’ll enjoy 0% APR on your purchases and balance transfer for your first 15 months with a Citi Custom CashSM card. While the 5% cashback is eligible for select spending categories, you’ll get unlimited 1% money back on all other purchases. Eligible categories for 5% cashback include gas stations, restaurants, select travel, drugstores, streaming services, live entertainment, fitness clubs, home improvement services, and select transit.

Annual Fee

$0

Regular APR

14.24%-24.24%

Credit Required

Good

Annual Fee

$0

Regular APR

14.24%-24.24%

Credit Required

Good

Citi Custom CashSM Card Pros

  • $200 introductory bonus for the first three months
  • Multiple options to redeem your ThankYou® Points. You can convert them to direct deposit, check, or a statement credit. You can also redeem your cashback for gift cards, Amazon shopping, or travel.
  • Your Citi Custom CashSM Card ThankYou® Points don’t have an expiry.
  • You can redeem any amount of your points into a direct deposit or a statement credit.
  • No annual fee on Citi Custom CashSM Card

Citi Custom CashSM Card cons

  • Late payment fees can apply.
  • 3% foreign purchase transaction

6. Wells Fargo Active CashSM Card—Best Cashback Credit Card for unlimited 2% Cashback on Purchases

The Wells Fargo Active CashSM Card is an excellent cashback credit card for unlimited 2% rewards on purchases. It also offers a sign-up bonus of $200 on your first $1,000 expenses during the first three months. There is no cap on reward categories, making it seamless to reap the rewards with this cashback credit card. Additionally, Wells Fargo Active CashSM Card has 0% APR during the first 15 months, which can save you some dollars on balance transfers. Furthermore, you can redeem as little as $1 for purchases, and your rewards don’t expire.

Annual Fee

$0

Regular APR

15.24%-25.24%

Credit Required

Good

Annual Fee

$0

Regular APR

15.24%-25.24%

Credit Required

Good

Wells Fargo Active CashSM Card Pros

  • Generous $200 bonus.
  • There are no reward categories to focus on, and you get 2%unlimited rewards on all purchases.
  • No annual fees.
  • Pay for eligible purchases with your cashback rewards.
  • Wells Fargo Mobile® App to keep track of your credit card bills and account activity on the go.

Wells Fargo Active CashSM Card Cons

  • Transaction fees apply to your foreign purchases.
  • You need to spend at least $1,000 in net purchases within the first three months to qualify for the $200 bonus.

7. Bank of America® Unlimited Cash Rewards—Best Cashback Credit Card for Online $200 bonus on Sign-up

Bank of America®’s Unlimited Cash Rewards credit card is the best to get a $200 bonus for signing up online. This rewards credit card is also one of the best flat-rate cashback reward cards offering 1.5% on unlimited purchases. And you can redeem your cash back rewards for any amount. To get the $200 cash back, you need to sign up online and spend at least $1,000 in net purchases within the first 90 days of your account opening. You can convert your Bank of America® cash rewards for direct deposit to your Bank of America® account—Checking or Saving account. Additionally, you can redeem your cash rewards for a statement credit to your cashback credit card.

Annual Fee

$0

Regular APR

13.99%-23.99%

Credit Required

Good

Annual Fee

$0

Regular APR

13.99%-23.99%

Credit Required

Good

Bank of America® Unlimited Cash Rewards Card Pros

  • 1.5% money back on unlimited purchases.
  • $200 online sign-up bonus.
  • Are you a Prefered Rewards member? You can earn 25%-75% more money on cashback rewards.
  • You won’t have to deal with the annual fee as a cardholder. 
  • Your cashback rewards don’t expire with Bank of America®’s Unlimited Cash Rewards Card.
  • 0% intro APR for the first two months on balance transfers.

Bank of America® Unlimited Cash Rewards Card Cons

  • 3% fee or $10—whichever is greater—for balance transfers after the introductory period.
  • Higher threshold of $1,000 to get the welcome bonus of $200 compared to other cash back credit cards.

8. Capital One® QuicksilverOne® Rewards Card—Best Flat-rate Cashback Credit Card for Fair Credit

When it comes to Capital One® Quicksilver®, there is a card for all consumers—whether you have an excellent, good, or fair credit score rating. QuicksilverOne® is the best cashback rewards card for people with fair credit. You can earn 1.5% on unlimited purchases you make every day. Furthermore, there are no fees for purchase transactions outside of the U.S. And you can qualify for this cashback credit card with a fair credit rating (580-669 FICO Score)

Annual Fee

$39

Regular APR

26.99%

Credit Required

Fair

Annual Fee

$39

Regular APR

26.99%

Credit Required

Fair

Capital One® QuicksilverOne® Rewards Card Pros

  • You can qualify with fair credit.
  • Best flat-rate cashback for people with fair credit
  • Zero transfer fees

Capital One® QuicksilverOne® Rewards Card Cons

  • High annual variable APR of 26.99%
  • There is no bonus cashback
  • $39 annual credit card fee

9. Bank of America® Customized Cash Rewards—Best Cashback Credit Card for Shopping Categories of your Choice

Bank of America®’s Customized Cash Rewards Card is the ultimate card if you’re looking to maximize your cashback rewards without overspending. With this cashback credit card, you can choose your category to capitalize on the 3% cashback rate. With the Customized Cash reward, you can pick your bonus reward category between home improvement, gas, online shopping, drugstore purchases, dining, and travel. Other rewards include 2% on grocery stores and 1% on all other purchases. Make at least $1,000 in purchases and qualify for the introductory offer And if you’re a Prefered Rewards member, you get a 25%-75% more in cashback bonus on every purchase.

Annual Fee

$0

Regular APR

13.99%-23.99%

Credit Required

Good

Annual Fee

$0

Regular APR

13.99%-23.99%

Credit Required

Good

Bank of America® Customized Cash Rewards Pros

  • 0% intro APR
  • Zero annual fee
  • Earn a $200 cash bonus for charging $1,000 to your credit card within the first three months.
  • You can select a reward category that matches your spending habits.

Bank of America® Customized Cash Rewards Cons

  • Limitation on 3% cashback on categories and 2% cashback on grocery store purchases apply. You can only get cashback on purchases worth $2,500 within the quarter anything above will qualify for 1% cashback. 
  • 3% or $10 fee on balance transfer

10. Discover It® Cashback Credit Card —Best Cashback Credit Card for 5% Cashback on Rotating Categories

Discover It® Cashback Credit Card is one of the highest rewarding rotating categories cashback credit cards. The cashback rate is 5% for the shopping category in each quarter. The cashback amount might sound lucrative, but there is a catch. You’ve got to do your research and understand the reward categories available in each quarter to maximize them. For instance, in Q2 of this year, you can get 5% cashback on gas stations and Target purchases on maximum total purchases of $1,500. Another great thing about the Discover It® Cashback Credit card is the dollar-for-dollar cashback match on all your rewards after the first year. And this means that you can earn double the rewards at the end of the year. Additionally, you don’t have to activate or do anything to get a cashback match because Discover It® does it automatically. Furthermore, you will still get the 1% cashback on all other purchases.

Annual Fee

$0

Regular APR

11.99%-22.99%

Credit Required

Fair

Annual Fee

$0

Regular APR

11.99%-22.99%

Credit Required

Fair

Discover It® Cashback Credit Card Pros

  • Best cashback match. Earn automatic 2x your rewards at the end of your first year with Discover It ® Cashback Credit Card.
  • You can redeem any amount of cashback rewards.
  • 0 annual fee.
  • You can pay with or cash out your bonus rewards on Amazon or PayPal checkout.
  • Zero introductory APR
  • 5% cashback on rotating categories

Discover It® Cashback Credit Card Cons

  • You need to activate the 5% reward to be eligible.
  • Introductory 3% balance transfer fee and up to 5% for future balance transfer transactions

11. Discover It® Student Credit Card—Best Cashback Credit Card for Students to Build Credit

Discover It® Student Credit Card offers students an excellent opportunity to build credit and earn rewards on their everyday purchases. This cashback credit card offers the 5% cashback on rotating categories and a cashback match, and you can still earn back 1% on all other purchases. The cashback rewards match is pretty hassle-free. If your total rewards in the first year equal $500, Discover It® automatically matches it to $1,000.

Annual Fee

$0

Regular APR

12.99% – 21.99%

Credit Required

Fair

Annual Fee

$0

Regular APR

12.99% – 21.99%

Credit Required

Fair

Discover It® Student Credit Card Pros

  • Best for students to build credit. You don’t need any credit history to qualify for the card.
  • Rewards automatic match during the first year.
  • Discover It® App to help manage accounts and track rewards on the fly.
  • Get 5% cashback on everyday purchases.
  • Zero annual fees

Discover It® Student Credit Card Cons

  • The rotating reward categories might be confusing and a hassle for a student. Plus, you’ll need to activate the cashback rewards each quarter of the year.

12. TD CashSM Credit Card— Best Cashback Credit Card for Intro bonus and 2% cashback rewards

TD CashSM Credit Card is the best cashback credit card to earn an introductory bonus. Typically, you need to hit a threshold of $500 in purchases to get $150 cashback within the first three months of account opening. Other cards have a higher threshold to get a bonus; hence this is the best credit card to earn rewards easily. Another great thing about this cashback credit card is the 0% intro APR for the first twelve billing cycles. TD CashSM Credit Card offers different options to stack up on rewards. For instance, you can earn three percent money-back on dining —including takeout— two percent on grocery stores, and one percent on all other eligible purchases.

Annual Fee

$0

Regular APR

12.99% – 22.99%

Credit Required

Good

Annual Fee

$0

Regular APR

12.99% – 22.99%

Credit Required

Good

TD CashSM Credit Card Pros

  • Zero annual fees.
  • There are no limits on cashback rewards as long as you have an active account.
  • 0% intro APR.
  • Easy-to-earn intro bonus of $150.

TD CashSM Credit Card Cons

  • Three percent on foreign purchases.
  • Balance transfer fees apply.
  • Late and return payment of up to $40

13. T.D. Double UpSM Credit Card—Best Cashback Credit Card for Double Rewards

Who doesn’t love generous welcome bonuses and double rewards? T.D. Double UpSM Credit Card offers an enticing intro bonus of $100 cashback on $1,000 purchases and 2% cashback rewards. Typically, you get 1% on your everyday purchases and 1% when you convert the rewards into T.D. Bank Deposit. There are no rotating categories to stress you out, no limits or caps, making it easy to get your cashback rewards. The deal-breaker here is that you need to be a T.D. Bank member—have an account with T.D. Bank to enjoy your cashback.

Annual Fee

$0

Regular APR

14.99% – 24.99%

Credit Required

Good

Annual Fee

$0

Regular APR

14.99% – 24.99%

Credit Required

Good

T.D. Double UpSM Credit Card Pros

  • Double cashback rewards earn you 2% cashback on your money spent.
  • $100 bonus cashback.
  • 0 intro APR for first 15 billing cycles
  • No annual fee
  • Unlimited money-back on your purchases

T.D. Double UpSM Credit Card Cons

  • You must be a T.D. Bank member/account holder.
  • Foreign transaction costs apply.
  • Limited to specific geographical locations

14. American Express Blue Cash Preferred® Card—Best Cashback Credit Card for 6% Cashback

If you’re looking to fill up your pantry with grocery shopping and your wallet with rewards, the Blue Cash Preferred® Card will offer you the best of both worlds. The card features five unique reward categories, ensuring that you get a reward on most of your purchases. You get 6% cashback on groceries, 6% cashback on select streaming and 3% cashback on transit, 3% cashback on gas, and 1% cashback on all other purchases. And this means you can earn a reward whether you’re grocery shopping, traveling, or subscribing to select U.S. streaming services. There is also a bonus cashback for consumers that subscribe to Equinox+ and charge it to their Blue Cash Preferred® Card. Typically, you can earn up to $120 in cashback. And you can redeem your reward dollars as statement credit!

Annual Fee

$0

Regular APR

14.24%-24.24%

Credit Required

Good

Annual Fee

$0

Regular APR

14.24%-24.24%

Credit Required

Good

Blue Cash Preferred® Card Pros

  • Get a $350 bonus on $3,000 worth of purchases within the first six months.
  • Get a cashback reward rate of 6% on grocery shopping, gas, and select streaming services.
  •  There is zero intro APR for the first year.

Blue Cash Preferred® Card Cons

  • Zero credit card fees for the first year and $95 after that.
  • You can only redeem your cashback as a statement credit.
  • 2.7% of the amount on foreign transactions

15. American Express Blue Cash Everyday® Card—Highest Cashback Credit Card with No Annual Fees

Do you want an AmEx credit card with excellent rewards but zero annual fees? Blue Cash Everyday® Card offers 3% money back on groceries, 2% back on gas, and 2% of your money back at the select department stores. The difference between the two cashback credit cards is the annual fee and the reward rates. Blue Cash Preferred® Card takes $95 in annual fees, while Blue Cash Everyday® Card has no yearly fees. Additionally, the perks on the Blue Cash Preferred® Card are more than what Blue Cash Everyday Card® offers. Importantly, AmEx Blue Cash Everyday® Card is the best for the highest cashback credit card with no annual fees.

Annual Fee

$0

Regular APR

14.24%-24.24%

Credit Required

Good

Annual Fee

$0

Regular APR

14.24%-24.24%

Credit Required

Good

AmEx Blue Cash Everyday® Card Pros

  • Earn a $250 cashback bonus for $2,000 in net purchases during the first six months.
  • No annual fees
  • 0% intro APR
  • 0% intro offer on Buy Now Pay Later It® fees for the first 15 months from account opening.

AmEx Blue Cash Everyday® Card Cons

  • The rewards limit is $6,000, and any amount above gets 1% cashback.
  • Purchases at superstores like Target and Walmart don’t qualify for cashback offers.
  • 2.7% on foreign purchases.

16. American Express Cash Magnet® Card—Best Cashback Credit Card for Flat-rate Cashback with Zero Annual Fees

Do you need a cashback credit card that offers seamless rewards and enjoy zero annual fees? AmEx Cash Magnet® Card is your ultimate choice. Pay with your card and earn 1.5% of the amount back on your purchases every day you shop. There is also $200 in statement credit for new cardmembers who spend $2,000 within the first six months. Remember, the 1.5% cashback rate is unlimited. Whether you’re purchasing groceries, gas, or paying for streaming services, you can get rewards. The card also offers the Pay It® Plan It® feature, which allows you to make small payments and split large purchases.

Annual Fee

$0

Regular APR

14.24%-24.24%

Credit Required

Good

Annual Fee

$0

Regular APR

14.24%-24.24%

Credit Required

Good

Cash Magnet® Card Pros

  • Enjoy a hassle-free 1.5% cashback rate on all purchases. You don’t have to consider categories or watch out for particular purchases to earn cashback.
  • $200 welcome offer on purchases worth $2000 during the intro period.
  • No annual credit card fees
  • Zero percent intro APR offer for new cardmembers
  • No interest charges on the Plan It® offer

Cash Magnet® Card Cons

  • 2.7% fee applies to foreign purchases
  • Fees of up to $40 apply for late and returned payments.

17. Chase Freedom FlexSM Card—Best Cashback Credit Card for Multiple Cashback Offers

Chase Freedom FlexSM Card is the ideal cashback credit card for people looking to flex on multiple cashback rewards. Suppose you’ve got good credit and are willing to go the extra mile for huge cashback. In that case, this can be the best credit card for the highest cashback on rotating categories and intro bonus. Once you sign up, you get $200 on $500 you charge to your card within the first three months. And then, there is a 5% cashback reward on rotating categories each quarter on eligible purchases of up to $1,500. The Chase Ultimate Rewards® will add another 5% cashback on your travels. And if you love to dine, there is another 3% cashback for you and an additional 3% cashback for drugstore purchases. You will still get the famous 1% cashback on all other purchases.

Annual Fee

$0

Regular APR

14..99%-23.74%

Credit Required

Good

Annual Fee

$0

Regular APR

14..99%-23.74%

Credit Required

Good

Chase Freedom FlexSM Card Pros

  • No annual fees.
  • Multiple high cashback rewards.
  • $200 welcome bonuses for new members.
  • No minimums to redeem your rewards.
  • Low intro APR.

Chase Freedom FlexSM Card Cons

  • You will need to do a lot of tracking each quarter on eligible cashback categories.
  • Best for people with good/excellent credit scores.
  • $5 or 5% balance transfer fee—whichever is greater.

18. Chase Freedom® Student Credit Card—Best Hassle-free Cashback Credit Card for Students to Earn $50 Bonus

What better way for students to get rewards while building their credit rating than using Chase Freedom® Student Credit Card? Unlike the Discover It® Student Cashback Card, Freedom® Student Credit Card offers straightforward rewards like a $50 welcome bonus. Typically, you get $50 cashback after making your first purchase within three months. And the exciting part is that there is no cap to get the bonus—an eligible purchase within the intro three months will qualify. You will also earn 1% on all purchases and another $20 to celebrate each of your anniversaries with Chase Freedom®. Additionally, this student cashback credit card doesn’t have annual fees, and it is ideal for building a credit history.

Annual Fee

$0

Regular APR

14.99% – 24.99%

Credit Required

Good

Annual Fee

$0

Regular APR

14.99% – 24.99%

Credit Required

Good

Chase Freedom® Student Credit Card Pros

  • $50 Welcome bonus.
  • $20 worth of anniversary rewards for five years from account opening—Good Standing Rewards.
  • 1% cashback on purchases.
  • Free credit score. 
  • Zero annual fees.
  • Credit limit increase after making on-time payments.

Chase Freedom® Student Credit Card Cons

  • Balance transfer fees apply
  • No reward categories

19. Chase Ink Unlimited® Business Credit Card—Best Flat-rate Cashback Credit Card for Business

Are you shopping for a cashback credit card for your small business? Chase Ink Unlimited® Business Credit card offers flat-rate cashback on purchases and a generous welcome bonus for new members. Once you sign up, you get a $750 cashback bonus for spending $7,500 during the first three months. Unlimited 1.5% cashback on all business-related purchases is the signature reward this business credit card offers.

Annual Fee

$0

Regular APR

13.24 %- 19.24%

Credit Required

Good

Annual Fee

$0

Regular APR

13.24 %- 19.24%

Credit Required

Good

Ink Unlimited® Business Credit Card Pros

  • $750 intro cashback bonus
  • 0% intro APR
  • No annual fees
  • Unlimited 1.5% cashback.

Ink Unlimited® Business Credit Card Cons

  • Foreign transaction fees apply
  • No bonus categories to get more rewards

20. Chase Ink Business® Cash Credit Card

If you’re looking for a business cashback credit card that offers more cashback for no-annual-fee credit cards, it is the Ink Business® Cash credit card. This card offers generous rewards, but you need to monitor your bonus categories.

Annual Fee

$0

Regular APR

13.24% - 19.24%

Credit Required

Good

Annual Fee

$0

Regular APR

13.24% - 19.24%

Credit Required

Good

Ink Business® Cash Credit Card Pros

  • $750 intro bonus for business purchases totaling $7,500.
  • 5% cashback for select business categories
  • 2% cashback at gas stations and restaurants.
  • Zero additional cost for employee cards

Ink Business® Cash Credit Card Cons

  • Fees apply on cash advance and balance transfers
  • Limits on reward categories.

21. myWalgreensTM Credit Card—Best Cashback Credit Card for Walgreens Purchases

myWalgreensTM offers a whopping 10% cashback on Walgreens-branded purchases and 5% cashback on all other brand purchases eligible for Walgreens rewards. You can also earn 3% cash rewards on purchases outside of Walgreens and 1% cashback at places that take Mastercard.

Annual Fee

$0

Regular APR

14.24% - 24.24%

Credit Required

Fair

Annual Fee

$0

Regular APR

14.24% - 24.24%

Credit Required

Fair

myWalgreensTM Credit Card Pros

  • Excellent rewards on health and wellness products
  • Zero annual fees
  • Bonus for achieving your health goals
  • Redeem your rewards instantly

myWalgreensTM Credit Card Cons

  • Cashback is limited to Walgreens.
  • No intro APR offer.

22. SoFi Credit Card—Best Cashback credit Card to Redeem Rewards to Crypto

SoFi Credit Card offers rewards to help you save, clear debts, or invest. Earn 2% unlimited cashback on all purchases and 1% when you redeem your rewards for a statement credit.

Annual Fee

$0

Regular APR

13.24% - 25.24%