With the multitude of cards, different requirements, and hundreds of different reward structures and bonus categories, it’s no surprise that you might be confused about which cards will actually be useful to you and give you the best benefits.
The following are some of the best cash back credit cards that you can select from depending on the area in which you intend to spend a lot. All these have various benefits with some others being cash-back rates and others category-specific that you can choose from. The best credit card for you will depend greatly on your spending habits and your financial goals. In no particular order, check out our list of the best cash-back credit cards.
Chase Freedom Unlimited®
The Chase Freedom Unlimited® card is one of the best cash-back credit cards, it uses a flat cash-back rate on all your purchases with no cap, which means that you can earn reward points almost always.
Additionally, the card usually gives users a generous sign-up bonus. The card also offers several other benefits, such as purchase protection and extended warranty coverage. For this reason, it is a flat-rate cash-back card.
Chase Freedom Unlimited® is perfect for people who like to keep things simple and use the card for purchases across various categories.
Citi® Double Cash Card
Why Citi® Double Cash Card? Well, this card offers users cashback of 2% — you can earn a 1% cash back on every purchase you make and another 1% when you pay off those purchases.
It’s a flat-rate cash-back card, and though the Citi® Double Cash Card doesn’t have a sign-up bonus, users are not required to pay an annual fee and its ongoing rewards structure is attractive.
The Citi® Double Cash Card gives you straightforward rewards and is more for users who frequently use their credit cards for more everyday purchases, no exclusive to any category.
Discover it® Cash Back
The Discover it® Cash Back card offers users bonus categories that change every quarter, users can earn higher cash-back rates ( a quarterly maximum is set) in those categories. It also offers a cash-back match for new cardholders in the first year, this basically doubles the rewards earned.
This kind of card is known as a rotating category cash back card because of the bonus category changing throughout the year. Discover it® Cash Back does not charge an annual fee to their users coupled with additional benefits.
Users can make the most use of Discover it® Cash Back card when you track and maximize the bonus categories each quarter, earning a higher cashback rate on specific types of purchases.
Wells Fargo Propel American Express® card
The Wells Fargo Propel American Express® card has a wide range of categories users can receive a cashback on. This includes dining, gas stations, travel,transit, and more. It comes with additional benefits like cellphone protection and no foreign transaction fees.
It’s a multi-category cash-back card and often offers a welcome bonus for new cardholders.
The Wells Fargo Propel American Express® card is great for individuals who frequently dine out, commute, and travel, as well as those who spend on various everyday expenses.
Capital One Quicksilver Cash Rewards Credit Card
The Capital One Quicksilver Cash Rewards Credit Card earns users a flat cash-back rate on all purchases, and users don’t need to keep track of a rotating category bonus.
This is a flat-rate cash-back card with no rotating categories. New cardholders can enjoy a sign-up bonus and users get additional perks like extended warranty coverage.
This card is the best fit for people who prefer a simple rewards structure and want to earn cash back on all their purchases without having to track different bonus categories or frequently changing rewards.
Bank of America® Cash Rewards Credit Card
With the Bank of America® Cash Rewards Credit Card, users are allowed to choose their own 3% cash back category from a list, the list includes different category options such as gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. The card also rewards users with 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases.
As a flexibility cash-back card, this card gives users a lot of choices and offers one of the highest cashback features. New cardholders also qualify for a sign-up bonus as well.
The Bank of America® Cash Rewards Credit Card is one of the best cards for individuals who want flexibility in earning cash back rewards and choosing their own reward category.
U.S. Bank Cash+™ Visa Signature® Card
With the U.S. Bank Cash+™ Visa Signature® Card, users can choose any two categories each quarter where they’ll earn 5% cash back, such as restaurants, gas stations, department stores, and more. Users also receive a 2% cash back category (grocery stores, gas stations, or restaurants) and earn 1% cash back on all their other purchases.
New Cardholders can earn a sign-up bonus and other than the cashback perks, the card comes with perks like cell phone protection and extended warranty coverage.
The U.S. Bank Cash+™ Visa Signature® Card is best suited for people who want control over their bonus categories and spend heavily in some specific areas of their choosing.
HSBC Cash Rewards Mastercard® credit card
The HSBC Cash Rewards Mastercard® credit card offers its users a flat cash-back rate on all purchases; Users can get 1.5% cash back for every $1 spent on eligible online purchases and 1% cash-back for every $1 spent on certain gas, grocery, and drugstore purchases.
The HSBC Cash Rewards Mastercard® credit card is a flat-rate cash-back card and comes with a sign-up bonus for all new cardholders. No annual fee is charged and users get additional benefits like travel accident insurance and identity theft resolution services.
The HSBC Cash Rewards Mastercard® credit card is best for individuals who prefer a more straightforward rewards structure and want to earn cash back on all their purchases without any category restrictions.
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