Last updated on November 5th, 2020
Cash back credit cards are the most popular kind of rewards card and it’s easy to see why. Cash is versatile, practical, and straightforward to use, requiring far less fuss than what other types of rewards cards might warrant. Ranging from flat-rate rewards to bonuses for specific spending categories, there are a lot of cash back cards to choose from— and this is where BestCards.com comes in. We have separated the best cash back credit cards for 2020 from the rest of the pack to give you the top picks for various uses.
Hand-Picked for You: Best Cash Back Credit Cards 2020
Nowadays, credit cards come with all sorts of bells and whistles to convince you that they are worth applying for. There are cards to earn free hotel stays, free airfare, rewards with your favorite store, and even cards for discounts on gas. No matter how you tend to spend your money, cash offers the kind of reward that every kind of shopper knows how to make use of. If you want to get the most out of your credit card via cold hard cash, then you’re in the right place. We’ve scoured the internet to bring you our recommendations for the best cash back credit cards of 2020. These cards aren’t just our personal favorites (although all of these cards can be found in at least one of our team’s wallets). They were chosen through a rigorous selection process that weighs a card’s bonus categories, rewards redemption method, user-friendliness, fees, and overall value. If you’re looking for a credit card that’s more than another piece of plastic to put in your wallet, then read on for the best credit cards for cash back of 2020.
Best Cash Back Card for Fun
Capital One has done a superb job of creating a credit card for fun things – a rewards category left largely neglected by the industry. With the Savor® Rewards Card, cardholders will earn an unlimited 4% cash back on dining andentertainment as well as a less exciting – but still practical – 2% at grocery stores. If there are good times to be had, you can rest assured the Savor® Rewards card has you covered.
Capital One® SavorOne® Cash Rewards Credit Card
3% Unlimited Cash Back on Dining, Entertainment, Grocery Stores, & Streaming
- Regular Purchase APR 15.49%, 21.49% or 25.49% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR 15.49%, 21.49% or 25.49% variable based on creditworthiness and the Prime Rate
- Cash Advance APR 25.49% variable based on the Prime Rate
- Annual Fee None
- Credit Needed Excellent
- Intro Purchase APR 0% for the first 15 months from date of account opening
- Processing Network Mastercard
- Earn unlimited 3% cash back on streaming services, groceries, and dining and entertainment, and 1% on all other purchases
- Earn a one-time $200 cash bonus when you spend $500 within the first 3 months from account opening
- 0% intro APR on purchases and balance transfers for the first 15 months after account opening
- No annual fee
- Intro Purchase APR: 0% for the first 15 months from date of account opening
- Regular Purchase APR: 15.49%, 21.49% or 25.49% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR: 15.49%, 21.49% or 25.49% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: 3% of the amount of each transfer posted during the first 15 months from account opening. None for transfers that post thereafter
- Cash Advance APR: 25.49% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 3% of the amount of each transaction, whichever is greater
- Late Payment Penalty Fee: Up to $40
Best Cash Back Card for Essentials
There is no shortage of credit cards that offer rewards for everyday necessities like gas and groceries, but the Amex Blue Cash Preferred® Card does it best (and with plenty of other juicy perks). Earning an unprecedented 6% cash back on groceries – the highest rewards earning we’ve seen for this type of purchases – families, amateur chefs, and anyone else who enjoys having a well-stocked kitchen will find themselves handsomely rewarded with this ultra-practical card.
Blue Cash Preferred® Card
Earn Up to a $400 Statement Credit + 0% Intro APR for 12 Months
- Regular Purchase APR 13.99% to 23.99% variable based on creditworthiness the Prime Rate
- Cash Advance APR 25.24% variable based on the Prime Rate
- Annual Fee None the first year. After that, $95
- Credit Needed Excellent , Good
- Intro Purchase APR 0% for 12 months from account opening date
- Processing Network American Express
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
- 6% Cash Back on select U.S. streaming subscriptions
- 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more)
- 1% Cash Back on other purchases
- Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee and no interest
- Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit
- Intro Purchase APR: 0% for 12 months from account opening date
- Regular Purchase APR: 13.99% to 23.99% variable based on creditworthiness the Prime Rate
- Cash Advance APR: 25.24% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Penalty APR: 29.99 variable based on the Prime Rate
- Annual Fee: None the first year. After that, $95
- Foreign Transaction Fee: 2.7% of the transaction amount in U.S. dollars
- Late Payment Penalty Fee: Up to $40
- Return Payment Penalty Fee: Up to $40
Best Cash Back Card for Customizable Rewards
A credit card that issues 5% cash back already impresses on its own. When you add the ability to choose from 12 popular rewards categories to the mix, the U.S. Bank Cash+™ Visa Signature® Card becomes a veritable must-have. Cardholders can choose two 5% cash back categories and one 2% category every quarter. But hold your horses, cash back lovers. The 5% cash back is restricted to $2,500 a quarter, making it better suited as a secondary or backup credit card rather than someone’s go-to card to use for everything.
U.S. Bank Cash+™ Visa Signature® Card
Earn Up to 5% Cash Back
- Regular Purchase APR 13.99% to 23.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR 13.99% to 23.99% variable based on creditworthiness and the Prime Rate
- Cash Advance APR 25.99% variable based on the Prime Rate
- Annual Fee None
- Credit Needed Excellent
- Processing Network Visa
- Get a $150 cash back bonus after making $500 in eligible net purchases within the first 90 days of account opening
- Earn 5% cash back on your first $2,000 in combined eligible net purchases each quarter on two categories of your choice
- Earn 2% cash back on one everyday category, like gas stations or grocery stores
- Earn 1% cash back on all other net purchases
- Regular Purchase APR: 13.99% to 23.99% variable based on creditworthiness and the Prime Rate
- Intro Balance Transfer APR: 0% for 12 months on transfers made within 60 days from account opening date
- Balance Transfer APR: 13.99% to 23.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either $5 or 3% of the amount of each transfer, whichever is greater
- Cash Advance APR: 25.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Foreign Transaction Fee: 2% of the transaction amount in U.S. dollars
- Late Payment Penalty Fee: Up to $40
- Return Payment Penalty Fee: Up to $40
Best Cash Back Card for Bad Credit
The Discover it® Secured is a full-fledged cash back card that offers 2% cash back on gas stations and restaurants. This is comparable with up to $1,000 per quarter. It also earns 1% back on all other purchases – a surprisingly strong offer that’s comparable to unsecured rewards cards. In addition, it is more forgiving than a typical rewards card – a rarity for one intended to help rebuild credit. Aside from having no annual fee nor foreign transaction fee, the late fee is waived for the first late payment. Plus, it won’t incur a penalty APR and has no overlimit fee.
Discover it® Secured
Earn 2% Cash Back on Gas and Restaurants
- Regular Purchase APR 22.99% variable based on the Prime Rate
- Balance Transfer APR 22.99% variable based on the Prime Rate
- Cash Advance APR 24.99% variable based on the Prime Rate
- Annual Fee None
- Credit Needed Poor , No Credit Required
- Processing Network Discover
- 2% cash back at restaurants or gas stations on up to $1,000 in combined purchases each quarter. Plus 1% cash back on all other credit card purchases
- Discover automatically matches all the cash back you've earned at the end of your first year
- Easily view your FICO® Credit Score on monthly statements, mobile and online for free
- Automatic account reviews begin after 8 months of use to see if cardholders can transition to an unsecured line of credit and have their deposit returned
- No annual fee
- Regular Purchase APR: 22.99% variable based on the Prime Rate
- Intro Balance Transfer APR: 10.99% for 6 months from date of first transfer for transfers that post by June 10, 2020
- Balance Transfer APR: 22.99% variable based on the Prime Rate
- Balance Transfer Transaction Fee: 3% of the amount for each transfer that posts at the promotional rate. After that, 5% of the amount of each transfer
- Cash Advance APR: 24.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Late Payment Penalty Fee: None the first time you pay late. After that, up to $40
- Return Payment Penalty Fee: Up to $40
- Minimum Deposit Required: $200
Best Cash Back Card with No Annual Fee
It’s a tie! Both the Chase Freedom and the Discover it® Cash Back cards are wildly popular cash back cards. They have no annual fee and both feature rotating 5% cash back categories that change every quarter. Cardholders should take heed as these cards require a more hands-on approach than other types of rewards cards. Specifically, both require activating the bonus categories every three months. Meanwhile, when deciding which one to apply for, they (thankfully) do have unique features that help set them apart.
Discover it® Cash Back
Earn Up to 5% Cash Back
- Regular Purchase APR 11.99% to 22.99% variable based on creditworthiness and Prime Rate
- Balance Transfer APR 11.99% to 22.99% variable based on creditworthiness and Prime Rate
- Cash Advance APR 24.99% variable based on the Prime Rate
- Annual Fee None
- Credit Needed Excellent , Good
- Intro Purchase APR 0% for 14 months from account opening
- Processing Network Discover
- 5% cash back in rotating categories - choose from grocery stores, restaurants, gas stations, select rideshares and online shopping
- 1% cash back on all other purchases
- Discover matches all of the cash back earned by the cardholder at the end of the first year automatically; there is no limit to how much cash back is matched
- Cash back rewards never expire, earn unlimited cash back
- Use rewards at Amazon checkout
- No annual fee
- Intro Purchase APR: 0% for 14 months from account opening
- Regular Purchase APR: 11.99% to 22.99% variable based on creditworthiness and Prime Rate
- Intro Balance Transfer APR: 0% for 14 months from date of first transfer
- Balance Transfer APR: 11.99% to 22.99% variable based on creditworthiness and Prime Rate
- Balance Transfer Transaction Fee: 3% of the amount of each transfer posted at the promotional rate. After that, 5% of the amount of each transfer
- Cash Advance APR: 24.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: $10 or 5% of the amount of each cash advance, whichever is greater
- Late Payment Penalty Fee: None the first time you pay late. After that, up to $40
- Return Payment Penalty Fee: Up to $40
Chase Freedom® Credit Card
Receive $200 After Spending $500 Within 30 Days
- Regular Purchase APR 14.99% to 23.74% variable based on creditworthiness and Prime Rate
- Balance Transfer APR 14.99% to 23.74% variable based on creditworthiness and Prime Rate
- Cash Advance APR 24.99% variable based on the Prime Rate
- Annual Fee None
- Credit Needed Excellent
- Intro Purchase APR 0% for 15 months of account opening date
- Processing Network Visa
- Earn 5% cash back up $1,500 per quarter
- Earn 1% cash back on all other purchases
- 0% APR for 15 months
- 3% introductory balance transfer fee within the first 60 days
- No annual fee
- Intro Purchase APR: 0% for 15 months of account opening date
- Regular Purchase APR: 14.99% to 23.74% variable based on creditworthiness and Prime Rate
- Intro Balance Transfer APR: 0% for 15 months of account opening date
- Balance Transfer APR: 14.99% to 23.74% variable based on creditworthiness and Prime Rate
- Balance Transfer Transaction Fee: Either $5 or 5% of the amount of each transfer, whichever is greater
- Cash Advance APR: 24.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each transaction, whichever is greater
- Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
- Late Payment Penalty Fee: Up to $39
- Return Payment Penalty Fee: Up to $39
Choosing the Best Cash Back Credit Card for 2020 for You
Still not sure which cash back rewards card is the best fit for you (and your wallet)? Check out the in-depth reviews on the best cash back credit cards of 2020. They offer a complete breakdown of each card’s strengths, weaknesses, and best-use cases. We can help you find the best card to fit your lifestyle. Plus, credit card companies don’t have a hand in our evaluations, so you can trust that every review remains unbiased. Browse hundreds of impartial reviews on our site and find your best card today.
