Best Cash Back Credit Cards

  Last updated by

Rewards can be a tricky thing to keep track of – collecting points, converting them, keeping track of how much they’re worth in real dollars. Sometimes it’s just that much simpler to invest in a cash back credit card, where your purchases are rewarded with cold hard cash that either goes toward paying off your statement or spending on other things.

In the wide world of cash back credit cards, there are a lot of options – tiered cash back systems, redemption platforms, cards with introductory APRs and low annual fees. Luckily, most major credit card companies anticipate their customers’ needs and provide a robust

 To that end, we decided to look through the current field and come up with a comprehensive list of the best cash back credit cards we could find. From pooled rewards programs to generous cash back signup bonuses, these are the cream of the crop.


Discover it Cash Credit Card

On Chase's home portal

700- 850
Best for good
to great credit

Highlight: Earn 5% cash back at different places each quarter
  • No annual fee

  • 0% introductory APR for 14 months on purchases and balance transfers

  • 5% cash back in selected places each quarter

  • Unlimited 1% cash back on all other purchases

  • No expiration on Cash Back rewards

  • Get an unlimited dollar-for-dollar match of all the cash back you've earned at the end of your first year

Intro APR

0%

Variable APR

13.49% - 24.49%

Annual Fee

$0

Cash Back

1-5%

Why It's Good

Discover It Cash Credit Card is good for folks who don't mind that the best rewards come from different retailers every quarter (they switch them on you, apparently just to keep you on your toes) and are comfortable with a 1% cash back rate in the meantime.

Don't get me wrong, you have to work for your money. But, if you put a plan in place to spend in the designated locations, you can earn 5% cash back. It gives you the chance to build up pretty substantial cash back rewards. You just need to put the hard yards in.

If you do, you could be in for a big pay off at the end of the year one. After 12 month, they'll match every dollar of cash back you have earned so far. Essentially, you double your cash back in the first year.

Throw in 0% APR on purchases and balance transfers for the first 14 months and no annual fee, and the Discover it Cash Credit Card begins to look like a serious option. This card gives users the chance to generate some serious cash back, but you have to hustle to make sure you are getting the best deals available.


Wells Fargo Cash Wise Visa Card

wells fargo cash wise

On Wells Fargo's home portal

700-750
Best for good credit

Highlight: $0 annual fee, 0% APR for 12 months and 24/7 fraud monitoring
  • Unlimited 1.5% cash back rewards on all purchases

  • $0 annual fee

  • $200 cash rewards signup bonus

  • 24/7 Fraud Monitoring

  • Zero Liability Protection

  • 0% introductory APR for 12 months

Intro APR

0%

Variable APR

14.49% - 26.49%

Annual Fee

$0

Cash Back

1% - 5%

Why It's Good

If Wells Fargo is your bank of choice, but you want your credit card to have some cash back rewards potential, the Cash Wise Visa Card is probably the way to go. Like the Freedom Unlimited above, you only have to deal with one single rewards tier – 1.5% on all purchases.

However, there are a few more perks that make this one particularly enticing as a cash back credit card. For the first twelve months of card ownership, you can enjoy a 0% introductory APR, and also get a bit extra in cash back (1.8%) if you use mobile wallet platforms like Android Pay or Apple Pay.

There’s a pretty decent signup bonus, too: you get $200 in cash back rewards if you spend $1,000 or more in purchases within the first three months of getting the card. It’s nothing too dramatic, and many other cards have bonuses like this; still, that extra money is nothing to sneeze at.

 Between all of these features, and the lack of an annual fee, it’s easy to recommend the Wells Fargo Cash Wise Visa Card as a straightforward, no-frills cash back credit card that won’t overburden you with restrictions.


US Bank Cash+ Visa Signature Credit Card

On US Bank's home portal

750 - 850
Best for excellent credit

Highlight: $150 cash back signup bonus and 1-5% cash back
  • 5% cash back on two selected categories

  • 2% cash back on one everyday category

  • 1% cash back on all other purchases

  • $150 cash back signup bonus

  • $0 annual fee

  • Visa Signature benefits

Intro APR

0%

Variable APR

14.74% - 23.74%

Annual Fee

$0

Cash Back

1% - 5%

Why It's Good

If, on the other hand, you do like a lot of flexibility in your credit cards, and want to feel free to tinker around a bit with your spending, the US Bank Cash+ Visa Signature Card might just do the trick.

The premise behind the Cash+ Visa card is its customizable tiered cash back system – you get 1% cash back on most other purchases, but every quarter you get to choose between one 2% unlimited cash back category (something everyday like groceries or restaurants) and two special categories that give you 5% cash back on the first $2,000 you spend on them.

This is a fantastic option for those cash back cardholders who really want to maximize their savings, and aren’t afraid to allocate all their spending in a certain category on one particular card. Get the Cash+ Visa and use it for high-end restaurant purchases or travel, and use the 2% tier for your groceries or gas. You can select whatever categories you want for each tier.

 Combined with no annual fee and a year’s worth of no-interest spending, the US Bank Cash+ Visa Signature Card is a wonderful cash back credit card for people who want to be a little more proactive with their spending.


Capital One QuicksilverOne Credit Card

capital one quick silver

On Capital One's home portal

640 - 700
Best for fair credit

Highlight: Access to higher credit limits for on-time payments and unlimited 1.5% cash back
  • Unlimited 1.5% cash back on all purchases

  • $39 annual fee

  • Access to higher credit lines for on-time payments

  • Credit monitoring tools

  • Fraud coverage tools

Intro APR

0%

Variable APR

22.99% - 26.99%

Annual Fee

$39

Cash Back

1.5%

Why It's Good

Sometimes it can be hard to find the best cash back credit card if your credit isn’t exactly up to snuff. Whether you just haven’t started building credit yet, or have fallen on some hard times and need to build your credit back up, the Capital One QuicksilverOne credit card might be the ideal choice if you want a cash back rewards option.

For most cardholders, this card may not be ideal; there’s a $39 annual fee, and no introductory APR (the variable APR wavers between 24.99% and 28.99%, which is pretty steep). As a beginner credit card, though, this makes sense, and offers customers with lower credit a way to access higher credit lines with its Credit Steps program (which rewards on-time payments).

 In the realm of beginner credit cards, though, the fact that the QuicksilverOne card offers a generous 1.5% cash back on every purchase with no limits is a very good thing. Along with $0 fraud protection and credit monitoring tools, it’s not hard to see this as a favorable choice for lower-credit customers who want an affordable way to get their credit back to where it should be.


Citi Double Cash Card

On Citi's home portal

700- 850
Best for good
to great credit

Highlight: Earn cash back twice -- as you make purchases and as you pay off purchases
  • $100 cash back bonus if you spend

  • $500 in the first three months

  • No annual fee

  • No caps on cash back

  • All categories eligible for cash back

  • Your first late fee is waived

  • 0% Intro APR for 18 months on balance transfers

Intro APR

0%

Variable APR

14.99% - 24.99%

Annual Fee

$0

Cash Back

1% twice

Why It's Good

The Citi Double Cash Card is a general purpose card. It doesn't matter if you spend money at restaurants, on gas or on groceries. This card will give you 1% cash back on everything you spend. Then, when you go to pay off your statement, you get an additional 1% cash back as long as you repay at least the minimum amount due.

The card could be ideal for people that don't want to spend their time chasing rewards. It's about as simple a rewards credit card as you can get. Spend money anywhere to get cash back in return. You can redeem your cash back as a check or statement credits. 

As long as you've not opened or closed a Double Cash Card in the past two years, you're also eligible for a cash back bonus of $100. To get this, you need to make $500 worth of purchases within the first three months.

There are credit cards out there with higher cash back rewards, introductory APR offers or any number of gimmicks to get you to sign up. The Citi Double Cash Card can be great for those who like to keep things simple.


Best Rewards Credit Cards
Best Balance Transfer Credit Cards

Leave a Comment

css.php