Cash Back Credit Cards

Cash back credit cards are the simplest way to get paid back for the things you buy every day. Many cards offer a flat cash back rate for all purchases, while others offer higher cash back rates across rotating categories like dining, groceries and shopping. Browse offers from our partners and find a cash back card that fits your spending habits.

Our up-to-date list of cash back offers makes it easy to find a card that will maximize your savings. See offers from our partners below.

Estimated savings is based on on a total credit card transfer balance of $2,500, current APR of 15.00%, and a monthly repayment of $56.25 for the first 24 months.

Estimated Savings is a CreditCards.com calculation that is used to provide an example of how much you might save by transferring your balances to a new card after factoring in fees, length of promotional periods and interest charges. This amount is based on the transfer amount, assumes you make fixed monthly payments on time, and does not assume rewards or purchases, since those will vary per individual.

Capital One® Quicksilver® Cash Rewards Credit Card

APPLY NOW

Rewards Rate

1.5%
?

Earn unlimited 1.5% cash back on every purchase, every day

Intro Bonus Value

$150
?

One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening

Annual Reward Value

$288
?

Annual Rewards Value is a CreditCards.com calculation that is used to provide an example of how much you might earn with your new card based on your spending habits. This amount is based on average monthly spend, and actual results will vary by user.

$1325 monthly spend
Groceries
23%
Restaurants
14%
Travel (airline only)
4%
Travel total
8%
Hotel
2%
Gas
15%
Entertainment
5%
Other
33%

Annual Fee

$0

Capital One® Quicksilver® Cash Rewards Credit Card

Rewards Rate

1.5%

Intro Bonus Value

$150

Annual Reward Value

$288

Annual Fee

$0

Card Details

  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Use your Quicksilver card and get 50% back as a statement credit on your monthly Spotify Premium subscription, now through April 2018
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 9 months; 14.24%-24.24% variable APR after that
  • Balance transfers also have a 0% intro APR for 9 months; 14.24%-24.24% variable APR after that; a 3% fee applies to each balance transferred
  • Pay no annual fee or foreign transaction fees

Recommended Credit Score

670 850
Good to Excellent

Rates & Fees

Annual Fee $0
Purchase Intro APR 0% intro on purchases for 9 months
Regular APR 14.24% - 24.24% (Variable)
Balance Transfers Intro APR 0% intro on balance transfers for 9 months

Features

EMV
No Foreign Transaction Fees
No Annual Fee
0% Introductory APR
Auto Rental Insurance
Concierge Service
Extended Warranty Program
Lost Luggage Reimbursement
Purchase Protection
Roadside Assistance
Travel Accident Insurance
Travel Assistance
Zero Fraud Liability
Mobile Pay Ready
Visa Signature®
View More Details

at Capital One's
secure site

Chase Freedom Unlimited®

APPLY NOW

Rewards Rate

1.5%
?

Unlimited 1.5% cash back on every purchase — it's automatic

Intro Bonus Value

$150
?

Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening

Annual Reward Value

$288
?

Annual Rewards Value is a CreditCards.com calculation that is used to provide an example of how much you might earn with your new card based on your spending habits. This amount is based on average monthly spend, and actual results will vary by user.

$1325 monthly spend
Groceries
23%
Restaurants
14%
Travel (airline only)
4%
Travel total
8%
Hotel
2%
Gas
15%
Entertainment
5%
Other
33%

Annual Fee

$0

Chase Freedom Unlimited®

(8,818 Reviews)

Rewards Rate

1.5%

Intro Bonus Value

$150

Annual Reward Value

$288

Annual Fee

$0

Card Details

  • Unlimited 1.5% cash back on every purchase — it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.24-24.99%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee

Recommended Credit Score

670 850
Good to Excellent

Rates & Fees

Annual Fee $0
Purchase Intro APR 0% Intro APR on Purchases for 15 months
Regular APR 16.24% - 24.99% Variable
Balance Transfers Intro APR 0% Intro APR on Balance Transfers for 15 months

Features

EMV
No Annual Fee
0% Introductory APR
Concierge Service
Extended Warranty Program
Purchase Protection
Travel Accident Insurance
Zero Fraud Liability
Mobile Pay Ready
Visa Signature®
View More Details

at Chase's
secure site

Blue Cash Everyday® Card from American Express

APPLY NOW

Rewards Rate

see terms

Intro Bonus Value

$150
?

$150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.

Annual Reward Value

$294
?

Annual Rewards Value is a CreditCards.com calculation that is used to provide an example of how much you might earn with your new card based on your spending habits. This amount is based on average monthly spend, and actual results will vary by user.

$1325 monthly spend
Groceries
23%
Restaurants
14%
Travel (airline only)
4%
Travel total
8%
Hotel
2%
Gas
15%
Entertainment
5%
Other
33%

Annual Fee

$0

Blue Cash Everyday® Card from American Express

APPLY BY PHONE

or call American Express at

877-915-6432 See Rates & fees

Rewards Rate

see terms

Intro Bonus Value

$150

Annual Reward Value

$294

Annual Fee

$0

Card Details

  • $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • No annual fee.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.24% to 25.24%.
  • Expanding merchant acceptance: Over 1 million more places in the U.S. started accepting American Express® Cards in the last year.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • Terms Apply.

Recommended Credit Score

670 850
Good to Excellent

Rates & Fees

Annual Fee $0
Purchase Intro APR 0% on Purchases for 15 months
Regular APR 14.24%-25.24% Variable
Balance Transfers Intro APR 0% on Balance Transfers for 15 months

Features

EMV
No Annual Fee
0% Introductory APR
Free Credit Score
Auto Rental Insurance
Extended Warranty Program
Purchase Protection
Roadside Assistance
Travel Accident Insurance
Travel Assistance
Zero Fraud Liability
Mobile Pay Ready
Presale Tickets
View More Details

at American Express's
secure site

or call American Express at

877-915-6432 See Rates & fees
Terms Apply
Discover it® Cashback Match™

APPLY NOW

Rewards Rate

5%
?

Earn 5% cash back in rotating categories each quarter like gas stations, Amazon.com, restaurants, wholesale clubs and more, up to the quarterly maximum each time you activate.

Intro Bonus Value

$229
?

Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.

Annual Reward Value

$229
?

Annual Rewards Value is a CreditCards.com calculation that is used to provide an example of how much you might earn with your new card based on your spending habits. This amount is based on average monthly spend, and actual results will vary by user.

$1325 monthly spend
Groceries
23%
Restaurants
14%
Travel (airline only)
4%
Travel total
8%
Hotel
2%
Gas
15%
Entertainment
5%
Other
33%

Annual Fee

$0

Discover it® Cashback Match™

(25,774 Reviews)

Rewards Rate

5%

Intro Bonus Value

$229

Annual Reward Value

$229

Annual Fee

$0

Card Details

  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
  • Earn 1% cash back on all other purchases.
  • Intro Offer: Discover will match all the cash back earned at the end of your first year, automatically.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • Use your rewards instantly at Amazon.com checkout.
  • No annual fee.

Recommended Credit Score

670 850
Good to Excellent

Rates & Fees

Annual Fee $0
Purchase Intro APR 0% for 14 months
Regular APR 12.24% - 24.24% Variable
Balance Transfers Intro APR 0% for 14 months

Features

EMV
No Foreign Transaction Fees
No Annual Fee
0% Introductory APR
Free Credit Score
Price Protection
Zero Fraud Liability
Mobile Pay Ready
View More Details

at Discover's
secure site

See Rates & fees
Citi® Double Cash Card

APPLY NOW

Rewards Rate

1%
?

Earn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

Intro Bonus Value

N/A

Annual Reward Value

$318
?

Annual Rewards Value is a CreditCards.com calculation that is used to provide an example of how much you might earn with your new card based on your spending habits. This amount is based on average monthly spend, and actual results will vary by user.

$1325 monthly spend
Groceries
23%
Restaurants
14%
Travel (airline only)
4%
Travel total
8%
Hotel
2%
Gas
15%
Entertainment
5%
Other
33%

Annual Fee

$0

Citi® Double Cash Card

APPLY BY PHONE

or call Citi at

888-252-3753

Rewards Rate

1%

Intro Bonus Value

N/A

Annual Reward Value

$318

Annual Fee

$0

Card Details

  • Earn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • Balance Transfers do not earn cash back
  • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 14.74% - 24.74% based on your creditworthiness*
  • Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases.
  • No categories to track, no caps on cash back, no annual fee*

Recommended Credit Score

670 850
Good to Excellent

Rates & Fees

Annual Fee $0*
Purchase Intro APR N/A
Regular APR 14.74% - 24.74%* (Variable)
Balance Transfers Intro APR 0% for 18 months*

Features

EMV
No Annual Fee
Free Credit Score
Auto Rental Insurance
Extended Warranty Program
Purchase Protection
Price Protection
Travel Accident Insurance
Trip Cancellation Insurance
Zero Fraud Liability
Mobile Pay Ready
Presale Tickets
View More Details

at Citi's
secure site

or call Citi at

888-252-3753
Wells Fargo Cash Wise Visa® Card

APPLY NOW

Rewards Rate

1.5%
?

Earn unlimited 1.5% cash rewards on purchases

Intro Bonus Value

$200
?

Earn a $200 cash rewards bonus after spending $1,000 in the first 3 months

Annual Reward Value

$313
?

Annual Rewards Value is a CreditCards.com calculation that is used to provide an example of how much you might earn with your new card based on your spending habits. This amount is based on average monthly spend, and actual results will vary by user.

$1325 monthly spend
Groceries
23%
Restaurants
14%
Travel (airline only)
4%
Travel total
8%
Hotel
2%
Gas
15%
Entertainment
5%
Other
33%

Annual Fee

$0

Wells Fargo Cash Wise Visa® Card

Rewards Rate

1.5%

Intro Bonus Value

$200

Annual Reward Value

$313

Annual Fee

$0

Card Details

  • Earn a $200 cash rewards bonus after spending $1,000 in the first 3 months
  • Earn unlimited 1.5% cash rewards on purchases
  • Enjoy 1.8% cash rewards on qualified mobile wallet purchases, like Apple Pay® or Android Pay™, during the first 12 months from account opening
  • No category restrictions or sign ups and cash rewards don't expire as long as your account remains open
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Cash Wise Visa® Card
  • 0% Intro APR for 12 months on purchases and balance transfers, then a 14.24%-26.24% variable APR; balance transfer fees apply
  • $0 Annual Fee
  • Select "Apply Now" to learn more about the product features, terms, and conditions

Recommended Credit Score

670 850
Good to Excellent

Rates & Fees

Annual Fee $0
Purchase Intro APR 0% for 12 months
Regular APR 14.24%-26.24% (Variable)
Balance Transfers Intro APR 0% for 12 months

Features

EMV
No Annual Fee
0% Introductory APR
Free Credit Score
Auto Rental Insurance
Zero Fraud Liability
Mobile Pay Ready
Cellphone Insurance
View More Details

at Wells Fargo's
secure site

Chase Freedom®

APPLY NOW

Rewards Rate

5%
?

Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate

Intro Bonus Value

$150
?

Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.

Annual Reward Value

$238
?

Annual Rewards Value is a CreditCards.com calculation that is used to provide an example of how much you might earn with your new card based on your spending habits. This amount is based on average monthly spend, and actual results will vary by user.

$1325 monthly spend
Groceries
23%
Restaurants
14%
Travel (airline only)
4%
Travel total
8%
Hotel
2%
Gas
15%
Entertainment
5%
Other
33%

Annual Fee

$0

Chase Freedom®

(13,427 Reviews)

Rewards Rate

5%

Intro Bonus Value

$150

Annual Reward Value

$238

Annual Fee

$0

Card Details

  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter
  • Unlimited 1% cash back on all other purchases - it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.24-24.99%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee

Recommended Credit Score

670 850
Good to Excellent

Rates & Fees

Annual Fee $0
Purchase Intro APR 0% Intro APR on Purchases for 15 months
Regular APR 16.24% - 24.99% Variable
Balance Transfers Intro APR 0% Intro APR on Balance Transfers for 15 months

Features

EMV
No Annual Fee
0% Introductory APR
Auto Rental Insurance
Concierge Service
Extended Warranty Program
Lost Luggage Reimbursement
Purchase Protection
Price Protection
Roadside Assistance
Travel Accident Insurance
Travel Assistance
Trip Cancellation Insurance
Zero Fraud Liability
Mobile Pay Ready
Visa Signature®
View More Details

at Chase's
secure site

Capital One® Savor℠ Cash Rewards Credit Card

APPLY NOW

Rewards Rate

3%
?

Earn unlimited 3% cash back on dining, 2% on groceries and 1% on all other purchases

Intro Bonus Value

$150
?

Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening

Annual Reward Value

$290
?

Annual Rewards Value is a CreditCards.com calculation that is used to provide an example of how much you might earn with your new card based on your spending habits. This amount is based on average monthly spend, and actual results will vary by user.'

$1325 monthly spend
Groceries
23%
Restaurants
14%
Travel (airline only)
4%
Travel total
8%
Hotel
2%
Gas
15%
Entertainment
5%
Other
33%

Annual Fee

$0

Capital One® Savor℠ Cash Rewards Credit Card

Rewards Rate

3%

Intro Bonus Value

$150

Annual Reward Value

$290

Annual Fee

$0

Card Details

  • Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining, 2% on groceries and 1% on all other purchases
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 9 months; 15.74%-24.49% variable APR after that
  • 0% intro APR on balance transfers for 9 months; 15.74%-24.49% variable APR after that; 3% fee on the amounts transferred within the first 9 months
  • No annual fee
  • No foreign transaction fees

Recommended Credit Score

670 850
Good to Excellent

Rates & Fees

Annual Fee $0
Purchase Intro APR 0% intro on purchases for 9 months
Regular APR 15.74% - 24.49% (Variable)
Balance Transfers Intro APR 0% intro on balance transfers for 9 months

Features

EMV
No Foreign Transaction Fees
No Annual Fee
0% Introductory APR
Auto Rental Insurance
Extended Warranty Program
Price Protection
Zero Fraud Liability
Mobile Pay Ready
View More Details

at Capital One's
secure site

HSBC Cash Rewards Mastercard® credit card

APPLY NOW

Rewards Rate

1.5%
?

Earn unlimited 1.5% cash rewards on purchases

Intro Bonus Value

$150
?

Earn a $150 cash rewards intro bonus after spending $500 in the first 3 months.

Annual Reward Value

$317
?

Annual Rewards Value is a CreditCards.com calculation that is used to provide an example of how much you might earn with your new card based on your spending habits. This amount is based on average monthly spend, and actual results will vary by user.'

$1325 monthly spend
Groceries
23%
Restaurants
14%
Travel (airline only)
4%
Travel total
8%
Hotel
2%
Gas
15%
Entertainment
5%
Other
33%

Annual Fee

$0

HSBC Cash Rewards Mastercard® credit card

Rewards Rate

1.5%

Intro Bonus Value

$150

Annual Reward Value

$317

Annual Fee

$0

Card Details

  • Earn unlimited 1.5% cash rewards on all purchases.
  • Earn a $150 cash rewards intro bonus after spending $500 in the first 3 months.
  • 10% Anniversary Bonus on all Cash Rewards earned once a year.
  • No Annual Fee.
  • 0% Intro APR for 15 months on balance transfers, then a 14.24%, 18.24% or 24.24% variable APR.
  • No Foreign Transaction Fees.
  • $0 liability for unauthorized purchases.
  • Terms Apply.

Recommended Credit Score

670 850
Good to Excellent

Rates & Fees

Annual Fee $0
Purchase Intro APR N/A
Regular APR Variable APR of 14.24%, 18.24% or 24.24%
Balance Transfers Intro APR 0% Intro APR for 15 months

Features

EMV
No Foreign Transaction Fees
No Annual Fee
0% Introductory APR
Auto Rental Insurance
Extended Warranty Program
Purchase Protection
Price Protection
Roadside Assistance
Travel Assistance
Zero Fraud Liability
Mobile Pay Ready
View More Details

at HSBC's
secure site

See Rates & fees
U.S. Bank Cash+™ Visa Signature® Card

APPLY NOW

Rewards Rate

1%
?

Choose Your Cash Back: 5% cash back on your first $2,000 in eligible net purchases each quarter on the combined two categories you choose. 2% cash back on your choice of one everyday category, like gas or groceries. 1% cash back on all other eligible net purchases.

on select categories

Intro Bonus Value

$150
?

$150 after you spend $500 in eligible net purchases in the first 90 days of account opening

Annual Reward Value

$267
?

Annual Rewards Value is a CreditCards.com calculation that is used to provide an example of how much you might earn with your new card based on your spending habits. This amount is based on average monthly spend, and actual results will vary by user.'

$1325 monthly spend
Groceries
23%
Restaurants
14%
Travel (airline only)
4%
Travel total
8%
Hotel
2%
Gas
15%
Entertainment
5%
Other
33%

Annual Fee

$0

U.S. Bank Cash+™ Visa Signature® Card

Rewards Rate

1%
on select categories

Intro Bonus Value

$150

Annual Reward Value

$267

Annual Fee

$0

Card Details

  • New Cardmember bonus: $150 after you spend $500 in eligible net purchases in the first 90 days of account opening.
  • 5% cash back on your first $2,000 in eligible net purchases each quarter on the combined two categories you choose.
  • 2% cash back on your choice of one everyday category, like gas or groceries.
  • 1% cash back on all other eligible net purchases.
  • No limit on total cash back earned.
  • 0% Intro APR* on balance transfers for 12 billing cycles. After that, a variable APR currently 15.24% - 24.24%
  • No annual fee
  • Great Offer for Customers of U.S. Bank, a 2017 World's Most Ethical Company® - Ethisphere Institute, March 2017

Recommended Credit Score

740 850
Excellent

Rates & Fees

Annual Fee $0*
Purchase Intro APR N/A
Regular APR 15.24% - 24.24%* (Variable)
Balance Transfers Intro APR 0%* intro on BTs for 12 months

Features

EMV
No Annual Fee
Auto Rental Insurance
Concierge Service
Extended Warranty Program
Lost Luggage Reimbursement
Purchase Protection
Roadside Assistance
Travel Accident Insurance
Travel Assistance
Zero Fraud Liability
Mobile Pay Ready
Visa Signature®
View More Details

at U.S. Bank's
secure site

See Rates & fees

Editorial disclosure: All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank's website for the most current information.


Compare Cash Back Credit Card Offers

Updated: January 12, 2018

CreditCards.com's Top Cash Back Credit Cards for January 2018

  • Capital One® Quicksilver® Cash Rewards Credit Card
  • Chase Freedom Unlimited®
  • Blue Cash Everyday® Card from American Express
  • Discover it® Cashback Match™
  • Citi® Double Cash Card
  • Wells Fargo Cash Wise Visa® Card
  • Chase Freedom®
  • Capital One® SavorSM Cash Rewards Credit Card
  • HSBC Cash Rewards Mastercard® Credit Card
  • U.S. Bank Cash+™ Visa Signature® Card

Cashback cards are some of the most rewarding of credit cards today. Whether you are looking for a card that gives you excellent rewards for changing quarterly categories or across-the-board rewards for all types of spending, there are myriad cashback cards to choose from. Here, we look at:

  • What is a cashback credit card?
  • How do you redeem cashback rewards?
  • What is a statement credit?
  • Are cashback rewards taxable as income?
  • What are common cashback categories?
  • Advantages/disadvantages of cashback credit cards
  • How to compare 2 cashback credit cards

Whatever your rewards goals, we can help you make the right decision. Learn more here:

What is a cashback credit card?

A cashback credit card, a type of rewards card, allows you to earn cash for making purchases. Most require good or excellent credit, which means you need at least a FICO score of 700 before you even think about applying. FICO, the credit scoring model most used by lenders, rates on a scale of 300-850, with 850 as the best. Cashback cards are an excellent gateway card into travel cards, which can be more complicated to maneuver and typically have an annual fee. Because cashback cards often don’t have annual fees, you don’t have to worry about a minimum spend to make the card worth your while.

How do you redeem cashback rewards?

  • Statement credit. The most common way to redeem your cashback earnings, a credit is put on your next bill.
  • Gift cards and shopping. Through a shopping portal, some card issuers allow you to make purchases with the cash back you’ve earned on your card. Purchases can be clothing, beauty aids, even gift cards.
  • Check. Some banks will issue you a check for your earnings.
  • Travel. Through the Chase Ultimate Rewards portal, you can redeem your Freedom or Freedom Unlimited rewards for travel.
  • Bank account. Some Bank of America cards give you 10% back when you deposit your credit in a Bank of America checking or savings account. If you have a preferred account, your cash back for deposits increases to 25% and even up to 75%.
  • Charity. Discover allows you to donate to some charities.

What is a statement credit?

When you earn cash back on purchases, one way you can collect the money back is through a statement credit. A credit is placed on your statement that can lower your balance that month. Banks might also allow you to earn your cash back by purchasing on a shopping portal, buying gift cards, receiving a check or having the credit deposited into a bank account with the same bank for a bonus. Some card issuers will even allow you to donate the cash back to charity.

Are cashback rewards taxable as income?

Typically, no. When you have a cashback card and you earn, say, 1.5% back on purchases, that 1.5% back isn’t considered taxable, because it’s considered a discount by the IRS. Learn more about this question here.

What are common cashback categories?

  • Restaurants. Restaurants are a favorite category for cashback cards. Some cards will even occasionally offer 5% back. If you find yourself eating out a lot for lunch or trying out the newest restaurant, this might be a good choice for you.
  • Groceries. This is a good option for the growing family. Some cards offer generous cash back for groceries year-round. Sometimes, with the cards that offer quarterly categories, you’ll also see drugstores.
  • Amazon.com. In the past, you could potentially earn up to $150 back at the end of your first year on this category with the Discover it Cashback Match.
  • Wholesale clubs. This is an increasingly popular category for cashback cards, sometimes as a quarterly category and sometimes in a limited time offer.
  • Transportation. Gasoline is a popular category with many cards, but you might also see specific quarters that include parking, tolls and Amtrak purchases, perfect for the daily commuter.
  • Home improvement stores. This category will pop up periodically, so keep your eyes peeled.

Advantages/disadvantages of cashback credit cards

Advantages:

  • Earn hundreds of dollars back a year. First and foremost, cashback cards can earn you oodles of money back just for using your card to make purchases. The more you spend, the most cashback you get. Categories range from groceries and gas to home improvement and wholesale clubs. You can sometimes even get significant cashback savings on shopping at Amazon.com.
  • Enjoy shopping deals. Many cashback cards also have shopping portals that offer 10%, even 20% off select retailers. You can shop for beauty aids, clothing, household items and more.
  • Wide variety of cards. Cashback cards have been around for a few decades, but they have really taken off in the last 10 years. There are cards with high percentages back that offer rotating categories; cards with high percentages on select categories year-round; and general-purpose cashback cards that give you 1%-2% back on every purchase.
  • Great practice for a travel card. If you have your eye on a travel, airline or hotel card, but you aren’t sure if you have the discipline yet, a cashback card is a good way to get started. Why? Because many don’t have an annual fee, unlike other rewards cards, so you can spend moderately at first and figure out how to spend and pay it off at the end of each month.
  • Excellent way to build credit. By paying on time and in full each month, and by keeping the card active by using it regularly, you will see your credit score climb in no time.

Disadvantages:

  • Annual fee. Some cashback cards have an annual fee, which can be a problem if you don’t plan ahead. For example, if you have an annual fee of $95, you’ll want to make sure you spend enough to recoup the annual charge.
  • Carrying a balance. It’s simple: Don’t do it. If you think you are going to incur debt that carries over month to month, a cashback card isn’t the best option. There is little point in getting a rewards card for earning cash back, points or miles, then paying the card issuer interest charges each month. If you have a $3,000 balance and you pay the minimum, if will take you 126 months and you will pay $2,241 in interest fees. Yuck.
  • Late payments. The easiest and fastest way to build credit is by using a credit card correctly. The easiest and fastest way to lose that great credit score? Pay your bills late. That’s because those late payments go to the credit bureaus and in turn to the credit scoring companies. If you’re going to get a card, always, always pay on time.

How to compare two cashback cards

  • What credit tier is required? Most cashback cards require good or excellent credit, although there are exceptions.
  • Is there a sign-up bonus? Some cashback cards offer $150 or more for signing up, provided you spend a minimum within a set amount of time, typically 3 months.
  • What bonus rewards are offered? Cashback cards can offer higher percentages for specific categories, rotating categories and across-the-board percentages for most spending.
  • Is there an annual fee? Many cashback cards don’t have an annual fee.
  • How do you want the cash back to be redeemed? Redemption can be with credit statements, checks, a travel portal, a shopping portal, gift cards or a deposit in a bank account.

Check out our reviews

Interested in learning more about each card? We’ve reviewed several cash back credit cards – check them out in our reviews section.

Recap: Our Featured Cash Back Credit Cards for January 2018

CardWelcome BonusBonus RequirementRewards Rate
Capital One® Quicksilver® Cash Rewards Credit Card$150 Cash BonusSpend $500 on purchases within 3 months from account openingEarn unlimited 1.5% cash back on every purchase, every day
Chase Freedom Unlimited®$150 BonusSpend $500 on purchases in your first 3 months from account openingUnlimited 1.5% cash back on every purchase
Blue Cash Everyday® Card from American Express$150 Cash Rewards BonusSpend $1,000 in the first 3 monthsEarn 1% cash back on every purchase, 2% at U.S. gas stations and select U.S. department stores, and 3% at U.S. supermarkets for the first $6,000 in supermarket purchases each year
Discover it® Cashback Match™Discover will match all the cash back earned at the end of your first year, automaticallyAutomaticEarn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
Citi® Double Cash CardN/AN/AEarn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases
Wells Fargo Cash Wise Visa® Card$200 Cash Rewards BonusSpend $1,000 in the first 3 monthsEarn unlimited 1.5% cash rewards on purchases
Chase Freedom®$150 BonusSpend $500 on purchases in your first 3 months from account openingEarn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate

Unlimited 1% cash back on all other purchases
Capital One® SavorSM Cash Rewards Credit Card$150 Cash BonusSpend $500 on purchases within the first 3 months from account openingEarn unlimited 3% cash back on dining, 2% on groceries and 1% on all other purchases
HSBC Cash Rewards Mastercard® Credit Card$150 Cash Rewards BonusSpend $500 purchases in the first 3 monthsEarn unlimited 1.5% cash rewards on all purchases
U.S. Bank Cash+™ Visa Signature® Card$150 BonusSpend $500 in eligible net purchases in the first 90 days5% cash back on your first $2,000 in eligible net purchases each quarter on the combined two categories you choose

2% cash back on your choice of one everyday category, like gas or groceries

1% cash back on all other eligible net purchases

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