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Find the Best Cash Back Rewards Credit Card

For the most flexible rewards, look no further than cash back rewards credit cards. Earn cash from everyday purchases like groceries, gas, and online shopping. Browse the best cash back rewards credit cards offers to find the best card for your spending style.

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Showing 195 Cards

Date Reviewed: April 13, 2021

State Farm® Premier Cash Rewards Visa Signature® Card

State Farm® Premier Cash Rewards Visa Signature® Card
  • Regular Purchase APR 14.99% to 24.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 14.99% to 24.99% 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
Best Benefits
  • No annual fee
  • 3% cash back on insurance premium payments, up to $4,000 spent annually
  • 2% cash back at gas stations, drug stores, grocery stores and on dining
Rates & Fees
  • Regular Purchase APR: 14.99% to 24.99% variable based on creditworthiness and the Prime Rate
  • Intro Balance Transfer APR: 14.99% to 24.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR: 14.99% to 24.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: Either 3% of the amount of each transfer or $5 minimum, whichever is greater
  • Cash Advance APR: 25.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either 5% of the amount of each advance or $10 minimum, whichever is greater
  • Foreign Transaction Fee: 3% of each foreign transaction
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up for $40
Credit Card Deals
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations in the U.S. - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • View All Deals -

Date Reviewed: March 22, 2021

TD Double Up Card

TD Double Up Card
  • Regular Purchase APR 14.99%, 19.99% or 24.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 14.99%, 19.99% or 24.99% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 25.24% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Excellent , Good
  • Processing Network Visa
Best Benefits
  • No annual fee
  • Earn up to 2% cash back on all purchases
  • 0% APR for 15 months on balance transfers
Rates & Fees
  • Regular Purchase APR: 14.99%, 19.99% or 24.99% variable based on creditworthiness and the Prime Rate
  • Intro Balance Transfer APR: 0% for 15 months from account opening date
  • Balance Transfer APR: 14.99%, 19.99% or 24.99% 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: 25.24% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
Credit Card Deals
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations in the U.S. - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • View All Deals -

Date Reviewed: March 22, 2021

AARP® Essential Rewards Mastercard® from Barclays

AARP® Essential Rewards Mastercard® from Barclays
  • Regular Purchase APR 16.74%, 20.74% or 25.74% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 16.74%, 20.74% or 25.74% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 26.24% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Excellent
  • Processing Network Mastercard
Best Benefits
  • No annual fee
  • 0% APR for 15 months on balance transfers
  • Earn 3% back on gas station and drug store purchases
  • Earn 2% back on medical expenses
Rates & Fees
  • Regular Purchase APR: 16.74%, 20.74% or 25.74% variable based on creditworthiness and the Prime Rate
  • Intro Balance Transfer APR: 0% for 15 months from account opening date
  • Balance Transfer APR: 16.74%, 20.74% or 25.74% 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: 26.24% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
  • 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
Credit Card Deals
  • Take a hike with an award-winning landscape photographer - Offer Expires on December 31, 2021 - See Details
  • Immerse yourself in the world of Italian food and wine - Offer Expires on January 24, 2031 - See Details
  • Exclusive tableware and home d?cor items from porcelain - Offer Expires on December 31, 2021 - See Details
  • Go on a guided truffle-hunting expedition in the Motovun Forest - Offer Expires on December 31, 2021 - See Details
  • Embark on a journey through the city of the Iron Throne - Offer Expires on December 31, 2021 - See Details
  • Discover Agra beyond the Taj Mahal on a virtual tour - Offer Expires on December 31, 2021 - See Details
  • Play the Hidden Network of Private Courses - Offer Expires on December 31, 2022 - See Details
  • Marvel at a celebrity stylist's star-studded fashion collection - Offer Expires on June 01, 2021 - See Details
  • Embark on a virtual trip to the Banaras' ghats, Sarnath, and more - Offer Expires on December 31, 2021 - See Details
  • Get a glimpse into India's history through the Gujarati thali - Offer Expires on December 31, 2021 - See Details
  • View All Deals -

Date Reviewed: February 16, 2021

American Savings Bank Maximum Rewards Visa Card

American Savings Bank Maximum Rewards Visa Card
  • Regular Purchase APR 18.24% to 28.24% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 18.24% to 28.24% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 25.24% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Excellent , Good
  • Intro Purchase APR 0% for 6 months from account opening date
  • Processing Network Visa
Best Benefits
  • No annual fee
  • Unlimited 1.5% cash back on every purchase
  • 0% Intro APR for the first 6 months on purchases and balance transfers
  • Rewards expire after 5 years
Rates & Fees
  • Intro Purchase APR: 0% for 6 months from account opening date
  • Regular Purchase APR: 18.24% to 28.24% variable based on creditworthiness and the Prime Rate
  • Intro Balance Transfer APR: 0% for 6 months from account opening date
  • Balance Transfer APR: 18.24% to 28.24% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: Either $10 or 5% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 25.24% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $15 or 5% of the amount of each cash advance, whichever is greater
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $35
Credit Card Deals
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations in the U.S. - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • View All Deals -

Date Reviewed: March 11, 2021

Petal 2 Visa® Credit Card

Petal 2 Visa® Credit Card
  • Regular Purchase APR 12.99% to 26.99% variable based on creditworthiness and the Prime Rate
  • Annual Fee None
  • Credit Needed Good , Fair
  • Processing Network Visa
Best Benefits
  • No annual fee
  • No foreign transaction fees
  • Up to 1.5% cash back after making 12 on-time monthly payments
  • Up to 10% back with select merchants
Rates & Fees
  • Regular Purchase APR: 12.99% to 26.99% variable based on creditworthiness and the Prime Rate
Credit Card Deals
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations in the U.S. - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • View All Deals -

Date Reviewed: March 09, 2021

Venmo Visa Credit Card

Venmo Visa Credit Card
  • Regular Purchase APR 15.24% to 24.24% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 24.24% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Excellent , Good
  • Processing Network Visa
Best Benefits
  • Earn custom cash back rewards – up to 3% on your top spend category
  • Syncs seamlessly with the Venmo app
  • Visa contactless technology allows you to shop securely at contactless-enabled terminals
  • Choose from various colors, and each card contains a unique QR code that takes users straight to your profile
  • No annual fee
Rates & Fees
  • Regular Purchase APR: 15.24% to 24.24% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR: 24.24% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $29
Credit Card Deals
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations in the U.S. - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • View All Deals -

Date Reviewed: March 10, 2021

SoFi Credit Card

SoFi Credit Card
  • Regular Purchase APR 12.99% to 24.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 12.99% to 24.99% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 26.99% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Excellent , Good
  • Processing Network Mastercard
Best Benefits
  • Earn 1% cash back on all eligible purchases. When you redeem it to pay down eligible debt, save, or invest with SoFi, you'll earn an additional 1% cash back
  • Get a 1% lower APR when you make 12 on-time payments
  • No annual fee
  • Earn additional rewards when you spend with Lyft, ShopRunner, and Boxed
Rates & Fees
  • Regular Purchase APR: 12.99% to 24.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR: 12.99% to 24.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: Either $10 or 5% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 26.99% 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: Up to $39
  • Return Payment Penalty Fee: Up to $39
Credit Card Deals
  • Take a hike with an award-winning landscape photographer - Offer Expires on December 31, 2021 - See Details
  • Immerse yourself in the world of Italian food and wine - Offer Expires on January 24, 2031 - See Details
  • Exclusive tableware and home d?cor items from porcelain - Offer Expires on December 31, 2021 - See Details
  • Go on a guided truffle-hunting expedition in the Motovun Forest - Offer Expires on December 31, 2021 - See Details
  • Embark on a journey through the city of the Iron Throne - Offer Expires on December 31, 2021 - See Details
  • Discover Agra beyond the Taj Mahal on a virtual tour - Offer Expires on December 31, 2021 - See Details
  • Play the Hidden Network of Private Courses - Offer Expires on December 31, 2022 - See Details
  • Marvel at a celebrity stylist's star-studded fashion collection - Offer Expires on June 01, 2021 - See Details
  • Embark on a virtual trip to the Banaras' ghats, Sarnath, and more - Offer Expires on December 31, 2021 - See Details
  • Get a glimpse into India's history through the Gujarati thali - Offer Expires on December 31, 2021 - See Details
  • View All Deals -

Date Reviewed: March 11, 2021

Jasper Mastercard®

Jasper Mastercard®
  • Regular Purchase APR 15.49% to 24.99% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 24.99% to 29.99% variable based on creditworthiness and the Prime Rate
  • Annual Fee None
  • Credit Needed Good , Fair , Poor , No Credit Required
  • Processing Network Mastercard
Best Benefits
  • Earn 1% cash back automatically anywhere you shop
  • A credit history is not required to apply
  • Get up to a $5,000 credit limit
  • Unique autopay settings, push notifications, and utilization alerts help manage your account
Rates & Fees
  • Regular Purchase APR: 15.49% to 24.99% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR: 24.99% to 29.99% variable based on creditworthiness and 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: Up to $27
  • Return Payment Penalty Fee: Up to $27
Credit Card Deals
  • Take a hike with an award-winning landscape photographer - Offer Expires on December 31, 2021 - See Details
  • Immerse yourself in the world of Italian food and wine - Offer Expires on January 24, 2031 - See Details
  • Exclusive tableware and home d?cor items from porcelain - Offer Expires on December 31, 2021 - See Details
  • Go on a guided truffle-hunting expedition in the Motovun Forest - Offer Expires on December 31, 2021 - See Details
  • Embark on a journey through the city of the Iron Throne - Offer Expires on December 31, 2021 - See Details
  • Discover Agra beyond the Taj Mahal on a virtual tour - Offer Expires on December 31, 2021 - See Details
  • Play the Hidden Network of Private Courses - Offer Expires on December 31, 2022 - See Details
  • Marvel at a celebrity stylist's star-studded fashion collection - Offer Expires on June 01, 2021 - See Details
  • Embark on a virtual trip to the Banaras' ghats, Sarnath, and more - Offer Expires on December 31, 2021 - See Details
  • Get a glimpse into India's history through the Gujarati thali - Offer Expires on December 31, 2021 - See Details
  • View All Deals -

Date Reviewed: March 15, 2021

Alliant Cashback Visa Signature Credit Card

Alliant Cashback Visa Signature Credit Card
  • Regular Purchase APR 12.24% to 22.24% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 12.24% to 22.24% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 20.24% to 24.24% variable based on the Prime Rate
  • Annual Fee None the first year. After that, $99
  • Credit Needed Excellent , Good
  • Processing Network Visa
Best Benefits
  • Earn 2.5% cash back with no categories to keep track of
  • Earn up to $250 in cash back per billing cycle
  • Use this card with Apple Pay, Google Pay, and Samsung Pay
  • No foreign transaction fees
  • $99 annual fee waived for the first year
Rates & Fees
  • Regular Purchase APR: 12.24% to 22.24% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR: 12.24% to 22.24% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: 3% of the amount of each transfer
  • Cash Advance APR: 20.24% to 24.24% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater
  • Penalty APR: 25.24% variable based on the Prime Rate
  • Annual Fee: None the first year. After that, $99
  • Late Payment Penalty Fee: Up to $27
  • Return Payment Penalty Fee: Up to $27
Credit Card Deals
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on all purchases - Offer Expires on May 16, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations in the U.S. - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room stays - Offer Expires on June 01, 2021 - See Details
  • Save 4% on hotel room reservations - Offer Expires on June 01, 2021 - See Details
  • View All Deals -

Date Reviewed: December 31, 2020

SchoolsFirst FCU School Employee Mastercard®

SchoolsFirst FCU School Employee Mastercard®
  • Regular Purchase APR 7.50% to 17.90% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 7.50% to 17.90% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 7.50% to 17.90% variable based on creditworthiness and the Prime Rate
  • Annual Fee None
  • Credit Needed Excellent , Good , Fair
  • Processing Network Mastercard
Best Benefits
  • Earn 1.5% cash back on purchases — deposited into your Summer Saver account
  • Enjoy an interest-only payment option during the summer when you may not be working or getting a paycheck
  • Ability to skip your December billing cycle without credit score being impacted
  • Automatically get a 0.50% lower rate for every year you make on-time payments
Rates & Fees
  • Regular Purchase APR: 7.50% to 17.90% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR: 7.50% to 17.90% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR: 7.50% to 17.90% variable based on creditworthiness and the Prime Rate
  • Penalty APR: 17.90%
  • Foreign Transaction Fee: 2% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: $25
  • Return Payment Penalty Fee: $20
Credit Card Deals
  • Take a hike with an award-winning landscape photographer - Offer Expires on December 31, 2021 - See Details
  • Immerse yourself in the world of Italian food and wine - Offer Expires on January 24, 2031 - See Details
  • Exclusive tableware and home d?cor items from porcelain - Offer Expires on December 31, 2021 - See Details
  • Go on a guided truffle-hunting expedition in the Motovun Forest - Offer Expires on December 31, 2021 - See Details
  • Embark on a journey through the city of the Iron Throne - Offer Expires on December 31, 2021 - See Details
  • Discover Agra beyond the Taj Mahal on a virtual tour - Offer Expires on December 31, 2021 - See Details
  • Play the Hidden Network of Private Courses - Offer Expires on December 31, 2022 - See Details
  • Marvel at a celebrity stylist's star-studded fashion collection - Offer Expires on June 01, 2021 - See Details
  • Embark on a virtual trip to the Banaras' ghats, Sarnath, and more - Offer Expires on December 31, 2021 - See Details
  • Get a glimpse into India's history through the Gujarati thali - Offer Expires on December 31, 2021 - See Details
  • View All Deals -

#

What Is a Cash Back Rewards Credit Card?

Cash back credit cards, also known as cashback credit cards, offer cardholders rewards as money, instead of miles or points. These cash reward redemption options include:

  • Statement credits
  • Deposits into linked savings or checking accounts
  • Physical checks

Some cash rewards programs allow cardholders to redeem your cash for gift cards, merchandise, or other options as well.

Common Cash Back Categories

Cash back credit cards usually earn rewards on every qualifying purchase. This is because they typically receive a base-rate of 1% on all purchases.

These cards sometimes earn additional rewards ins elect categories. Common enhanced cash back categories include:

  • Groceries and Supermarkets: Grocery stores are a popular category with cash back cards. Earning rewards for the weekly grocery shop is a great perk, as it can add extra money into a family’s food funds. Often, warehouse clubs, like Costco, or superstores, like Walmart and Target, don’t apply towards this rewards category – even if you’re buying grocery goods.
  • Gas Stations: Gas stations are a popular category for cash back because fuel is something almost every American needs for their daily commute. On average, Americans spend over $4,000 per year on gas, meaning cash back in this category offers significant savings. Gas rewards cards are a unique subset of cash rewards cards and provide exceptional value for those who spend heavily at the fuel pump.
  • Dining and Restaurants: Earn extra rewards when eating out. This category includes fine dining, fast food, and everything in between.

Pros and Cons of a Cash Back Rewards Credit Card

Like any other credit card type, cash back rewards cards feature both positives and negatives. Before applying for any card, make sure you understand their benefits – and drawbacks.

Benefits of a Cash Back Rewards Credit Card

There are numerous benefits to applying for a cash back card. Here are some of these cards’ best features:

  • Value: Cash back is the most versatile rewards structure in the credit card rewards game. Cash is the ultimate when it comes to flexibility. You can use cash everywhere, regardless of your spending habits. This means the limitations with this reward are minimal – at best.
  • No Annual Fees: There are very few rewards credit cards of this variety that charge an annual fee. Many of the best credit card offers charge no annual fee, including the Chase Freedom Unlimited and Discover It.
  • Generous Signup Bonuses: These cards don’t come with eye-watering introductory bonuses. Airline credit cards, for example, offer rewards of up to 100,000 miles. These offers typically come with high initial spending requirements, however. Cash back cards, on the other hand, have low bonus requirements, making them easy to achieve for almost every cardholder.
  • Simplicity: Cash rewards is a straightforward system. There aren’t complex reward point calculations or portals. Instead, cardholders get money added to their account in the form of statement credits or physical checks.

Drawbacks of Credit Cards That Offer Cash Back

Despite their ease-of-use, cash back cards might not be for some. Here are some reasons why a cash back rewards card might not be for you:

  • Lower Introductory Bonuses: Most signup bonuses are worth $200 or less. While they are easier to achieve, for high-spenders, there may be more value with a travel rewards credit card.
  • Caps: Some cash rewards offers come with limits on the high-end cash back rewards. These limits might be $1,500 in a 5% category, after which those purchases may only earn 1% back.
  • Lack of Perks: Cash rewards cards, unlike travel cards or hotel cards, offer few perks.
  • Lack of Flexibility: There is usually only one way to redeem rewards. Other types of rewards credit cards offer better flexibility.
  • Foreign Transaction fees: Most cash rewards cards charge a foreign transaction fee. These charges mean that the credit card is more expensive to use outside of the United States than a card that charges no foreign transaction fees.
  • Not Good for Carrying a Balance: Rewards credit cards aren’t meant for carrying a balance. Because they earn rewards, holding a statement balance means these cards lose value due to interest. If you plan to apply for a rewards card, always pay your statement balance in full. Otherwise, you leave money on the table.

What Are the Different Types of Cash Back Cards?

Flat-Rate Cash Back

Flat-tiered cash rewards credit cards earn a base rewards rate on every purchase. These cards include options for those rebuilding their credit, such as the Credit One® Platinum Card, to opportunities for those who want excellent value every day. Other examples of flat-tired cash back cards include the Chase Freedom Unlimited® and the Citi® Double Cash Card.

Rotating Category Cash Back Cards

Some credit cards offer a higher rewards rate in rotating categories. Two specific examples of these types of cards are the Chase Freedom® and the Discover It® Cash Back.

Tiered Cash Back

Tiered cash back cards offer higher rates of rewards for select purchases. These cards might earn 5% back on gas purchases, 3% back on dining, 2% cash back on travel, and 1% back on all other purchases, for example. Examples of tiered cards include the Savor Cash Rewards Credit Card from Capital One and the Chase Freedom. The Savor card is especially great for dining and entertainment purposes.

Keep in mind that these rotating cards only earn points on eligible purchases – and only yp to a set spending limit. Some cards may only offer enhanced points on the first spend $1,000 in purchases in a select category.

Which Cash Back Rewards Credit Card Is Right for You?

Wondering what cash back card offer is right for you? Before applying, consider the following aspects to find your best card.

What to Look for:

  • Annual Fee: Does the card charge an annual fee?
  • Signup Bonus: What is the introductory bonus? Will you spend enough money to qualify for the bonus?
  • Flexibility: How flexible are the rewards? Do they apply as a statement credit? Or can you use the cash back rewards for other options, like deposits to linked accounts, gift cards, etc.?
  • Categories: Do you spend enough in the card’s reward categories to justify getting it? If it’s a gas rewards card, for example, do you spend enough on fuel to warrant a gas rewards card?

FAQs About a Cash Back Rewards Credit Card

Here are answers from some of the most asked questions about cashback credit cards:

How do cashback credit cards work?

  • Cash back credit cards are like any other rewards card. You make a purchase, and you get rewards in the form of points. Unlike other rewards cards, however, these credit cards offer the best redemption options as cash awards. These awards take the form of deposits into bank accounts, statement credits, or gift cards.

How does a cash back match work?

  • Some card issuers, like Discover, offer a cashback match after the first year. A cash back match is when the bank automatically doubles your cash back after a set period. If you earn $100 in cash rewards, for example, the bank will double that to $200 – no questions asked.

What’s better: points or cash back?

  • Points and cash back are mostly the same. All rewards cards earn points. Some cards, however, offer better redemption value for different options. Cards like the Chase Sapphire Cards are much better at travel than something like the Blue Cash Preferred Card from American Express for example.

How long does it take for my cash back to show up in my account?

  • The time for points or cash back to show up in your account varies based on the transaction and the card issuer. Most transactions appear in your account within a few days, but sometimes cash back might not show up for a week or so. If you still do not see your cash back rewards after several weeks, contact your card issuer to get clarification.

When should you redeem cash back?

  • Some card issuers have limits on the minimum amount of rewards before cardholders can cash out. Others, however, have no minimum requirements. Deciding when to cash out is a personal decision. Many experts believe that redeeming cash back every month is an excellent habit to get into, as it can help reduce monthly payments and boost the amount of cash you have for everyday spending.

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