6% Cash Back on select U.S. streaming subscriptions. 4.5 Apply Now. Why? You can find plenty of choices with no annual fee or reasonable fees if you want superior cash-back rewards. This card’s 6% cash back rate at U.S. supermarkets (on up to $6,000 a year in spending, then 1%) and its 3% rate at U.S. gas stations have long made it a NerdWallet favorite. Best Rotating Cash Back Visa Card. You get 1.5% cash back on all eligible purchases, and new cardholders can qualify for a solid bonus: The introductory 0% APR period on purchases is terrific, too. Read our review. It pays 3% cash back on restaurant dining and entertainment, plus 2% back at grocery stores and 1% back on all other purchases. You get 5% cash back on up to $1,500 in spending per quarter in categories that you activate — and unlike with some cards, the 5% categories include places where a lot of people spend a lot of money. Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases. Cash is king for flexibility. Read our review. The Blue Cash Everyday Card from American Express gives you ample cash back on everyday, hard-to-avoid purchases: food, staples, fuel, clothing, and home goods. Instead of points that you have to figure out how to redeem — and that you might not be able to redeem for something you want — you get real dollars and cents you can use for, well, anything. The study found that domestic travelers who spend less than $8,600 per year on travel earn more rewards with a cash-back card than a travel rewards card, especially if they hold the card a long time. Disclaimer: NerdWallet strives to keep its information accurate and up to date. The original 1.5% flat-rate cash-back card still holds its own in a now-crowded field. Cash back is the most straightforward, dependable type of credit card rewards. New cardholders also get 5% back on up to $12,000 in grocery store purchases in the first year (not including Target or Walmart) and can snag this sign-up bonus: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. If you're willing to put in a little work, it's one rich card. No minimum to redeem for cash back. Cash-back cards typically require less than $1,000 in spending to earn the bonus, so shift as much spending as possible to a new card until you earn the bonus. Miles and cash back credit cards are two of the best types of credit cards on the market. It might be the most customizable cash back card available. Read in more detail (+/-) The Tangerine Money-Back Credit Card is among our picks for the best no-fee cash back credit card for … Bring your cash back credit card the next time you travel and see sights like this beautiful sunrise at the Holiday Inn Highland Beach in Florida during the Christmas season in 2012. Credit: Johnny Jet The Best Cash Back Credit Cards for in 2020. gives you a little more control over your credit card rewards by letting you choose which category earns the highest cash-back rate, from a list that includes gas stations, restaurants, travel and others. Often, it counts everything you buy in the associated convenience store, too, although a few cards count only gas paid for at the pump. Capital One® Savor® Cash Rewards Credit Card. can be applied for through NerdWallet, and some cannot. The annual fee of $39 isn’t very high, but it will still cost you something to have this card. 1% Cash Back on other purchases. Cash-back credit cards are popular because they provide tangible, easy-to-understand benefits. Few cards offer as compelling a combination of cash-back rate, sign-up bonus, intro 0% APR offer and redemption flexibility as the Capital One Quicksilver Cash Rewards Credit Card. 1.5% Back in Bitcoin on Every Fiat Purchase. Prevent identity theft, protect your credit, The difference between term and whole life insurance, How medical conditions affect your life insurance rate. Few cards offer as compelling a combination of cash-back rate, sign-up bonus, intro 0% APR offer and redemption flexibility as the. Your whole restaurant bill, including the server’s tip, counts for accelerated rewards. Carrying a balance from month to month incurs interest charges that can eat up the value of your rewards. Limited Time Offer: Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. The card does have an annual fee after the first year, but the 2.5% cash back will start to rack up rewards in excess of a 2% cash back card with no annual fee once you cross the $2,000 threshold each month. You also get the issuer's signature "cash-back match" bonus in your first year. Category activation can be a hassle, but if your spending matches the categories — and for a lot of people, it will — you can rack up hundreds of dollars a year. This card earns 5% cash back in bonus categories that change every three months (on up to $1,500 per quarter in spending, then 1%); 5% on travel booked through Chase; 3% cash back at restaurants and drugstores; and 1% on other purchases. If you spend more than $1,500 per month on your everyday credit card, it is worth paying the $99 annual fee to upgrade to the 2.5% cash back from this card. Earn unlimited 1.5% cash back on all other purchases. Today, I’ll review some of the best cards available for good old, simple cash back. Terms Apply. If you're expecting to put more than $2,500 a month on a credit card, this is an excellent one to put it on. Still, while travel dreams are more exciting than another $90 in cash back on your credit card statement, cash-back credit cards might actually be the right choice for most people. Cash-back cards typically require less than $1,000 in spending to earn the bonus, so shift as much spending as possible to a new card until you earn the bonus. ABOC Platinum Rewards has a nice welcome offer, too: a $150 statement credit when you spend at least $1,200 on eligible purchases during the first 90 days your account is open. The best cash back credit card is the Blue Cash Preferred® Card from American Express because it offers excellent bonus rewards rates and is available to people with good credit or better. Earn 6% back at U.S. supermarkets on up to $6,000 spent per year (then 1% back); 6% on select U.S. streaming services; and 3% back at U.S. gas stations and on transit. Earn unlimited 1.5% cash back on all other purchases. See our Capital One Quicksilver Cash Rewards Credit Card review for more information. For example, airline cards often offer, Still, while travel dreams are more exciting than another $90 in cash back on your credit card statement, cash-back credit cards might actually be the right choice for most people. In other words, don’t let the promise of cash back lull you into letting your card balances grow over time. $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months. It offers the highest ongoing rewards rate of any flat-rate cash-back card, but it also charges an annual fee, and it limits the amount of spending that earns rewards. Your only option for redeeming cash back is as a statement credit, with a $25 minimum. The generous benefits come at a cost, though: Unlike most cash-back cards, this one charges an annual fee. If you spend far more money eating out than at home, for example, a card that pays 3% at restaurants would likely be a better fit than one that pays 6% at supermarkets. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. If you have a side business that incurs expenses — be it freelance work, deliveries, rideshare driving or something else — it makes sense to have a dedicated small-business card for it to keep business and personal spending separate. Bonus rewards: 5%/3% categories + high ongoing rate. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. Gas stations. Points are not awarded on promotional credit purchases. New cardholders also get 5% back on up to $12,000 in grocery store purchases in the first year (not including Target or Walmart) and can snag this sign-up bonus: Earn unlimited 1.5% cash back on every purchase, every day, One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening, The original 1.5% cash-back credit card is still getting it done, even after being challenged by a wave of competitors. Some of our selections for the best cash-back credit cards can be applied for through NerdWallet, and some cannot. The original 1.5% cash-back credit card is still getting it done, even after being challenged by a wave of competitors. But you’ll only achieve the card’s effective 2% cash-back rate when you pay off your balance in full – as you should, under normal circumstances. Discover it® Cash Back - Best for Intro 0% APR. Others offer higher cash-back rates on certain spending categories, such as groceries or gas, and lower rates on everything else. NerdWallet’s credit card experts rank the best credit cards out there. Gas stations. Annual Fee $0 Intro APR. If there's an annual fee, make sure you’re getting more than that in cash back. . There’s no minimum to redeem. 5% Cash Back on the First $1,500 Spent in Rotating Categories Every Quarter; 5% Cash Back on Eligible Travel Purchases Made Through Chase Ultimate Rewards; 3% Cash Back on Dining and Drugstore Purchases; 1% Cash Back on Everything Else. Higher cash back percentages can be had on different cards for specific categories. (The 3% options are gas, dining, travel, online shopping, drugstores or home improvement and furnishings; you can change your choice once a month.). 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