- The rewards on credit cards are better than cash. This is the reason why cash-back credit cards remain the preferred kind of credit card for the majority of people. You may prefer a credit card that provides an attractive, substantial flat rate on all your purchases, which can be as high as 2 percent or cards that offer higher rewards on certain categories of purchases. Certain people prefer to combine multiple cards in order to ensure they get the highest reward amount of up to five percent on purchases. Below , we present our choices of the top cash back cards available today starting with the flat rate cards. Each of them has no annual fees, unless stated:Best Cash Back Credit Cards
- Citi Double Cash Get 2% cashback on all purchases. You’ll get the 1% discount at the time you purchase, and another 1% after you pay off the balance. If you’re able to pay your account in full every month (and it’s a good idea to do so) you’ll receive the 2% immediately If not but you’re still eligible for 2% if you make the payment.
- PayPal MasterCard Cashback Get 2percent cash back on all purchases. However, be aware you’ll get 2% reward is transferred to the account of your PayPal account. It’s not difficult to transfer it into your account at a bank if you’d prefer however, it requires an additional step.
- Alliant Credit Union Signature Visa – This card provides an unbeatable 2.5 cash-back rate of 1% on all purchases. But why isn’t it number one among this top 10 list? It’s because it has an annual fee of $99 (though it’s waived in the initial year). Also how it compares against other cards will be contingent on the amount you spend using it. In order to determine this, you’ll need to perform some calculations. If you’re spending more than $20k with this card per year, you’ll be earning much more money than those two cards mentioned above even after having to pay the annual fees. However, that’s not a realistic goal for a lot of people, and this card deserves to be mentioned but it’s not the best choice suitable for every person. While it’s an account with a credit union membership is open to everyone but don’t let that hinder you from using this card’s cash-back program works for you.
- American Express Cash Magnet Card This card has a cash-back rate for this card is lower, than 1.5 percent, but you can get 200 dollars in bonuses that cards listed above do not offer when you spend at least $1000 on the card within the first three months of using it.
- Chase Freedom Unlimited offers 1.5 percent cashback on all purchases. It also offers the possibility of earning a $200 bonus when you purchase at the least $500 worth of items through its first 30 days.
- Capital One Quicksilver The cash back rate on this card is lower at 1.5 percent, but you’ll earn a simple $150 bonus on the first day, if you spend at minimum $500 using the card within the first three months of being a cardholder.
- Discover It Miles Get 1.5 “miles” per dollar which is equivalent to an 1.5 percent rebate when you decide to redeem them in cash. This is a unique bonus chance Your first-year rebate earning will double, which means you’ll get three percent back on all the purchases you make in Year 1.
Credit Cards with a Higher Rate Purchase Categories:
- Ideal for dining out (and the best all-around):The Wells Fargo Propel Card provides the highest cash-back rate that you can get for dining out on an annual-fee-free credit card as well as an additional 3% in numerous other categories of purchase including fuel or rideshares (Uber/Lyft) and hotel rooms, flights and accommodation (Airbnb for instance) streaming services (Netflix etc.).) and many more. In addition, you’ll be able to get a 20,000-point reward (worth 200 dollars in cash) in the event that you spend at minimum $1000 on the card during the first three months following opening your account. (You can get cash back of 4% for dining using cards like Capital One Savor and the Capital One Savor and the American Express Gold Card However, those cards charge annual fees that consume (pun intended) the cash back, and therefore they’re only worth considering in the case of a significant enough spender that it makes the annual fee worthwhile.)
- Best for Grocery Shopping: The Blue Cash Everyday Credit Card from American Express offers an 3% discount on grocery purchases as well as 2% off at gas stations and percent anywhere else. (If your spending more than $3,000 in food items per year, it’s worthwhile to pay an annual fee of $95 instead of an Blue Cash credit card which offers the same 6% discount on grocery purchases.)
- Ideal for Cell Phone and Wireless Services: The US Bank Cash+ Visa lets you choose two categories of spending every quarter during which you get 5% cashback in each of them. One of these categories could be wireless service. (You’ll also receive cash back at 2% in a different spending category, and 1% cash back on all other spending categories.)
Credit Cards with a Rotating 5 % Categories:
Note: These cards could be very lucrative in the selected categories, however, you must be aware of the adjustments each quarter in the calendar and remember that you must “opt in” to get the 5% cash back on bonus categories that are offered in that quarter.
- Chase Freedom Card It is not to be confused Chase Freedom Unlimited Card, this one gives you 5% off purchases in categories that are subject to change every quarter, up to $1500 in purchases. The rest of your purchases earn 1cent cash back.
- Discover It Card This card provides cash back of 5% on categories of purchase that vary each quarter, and up to $1500 worth of these purchases. Other purchases earn one percent cash back. Note: At the conclusion of your first year using the card from Discover, it will pay double the amount of cash back you earned the first year.