Best Cash Back Credit Cards

If you’re serious about rewards, the credit card you choose should offer cashback. These types of credit cards offer a way to earn cashback on your purchases, and this can add up to some serious savings. While you need to use any credit card smartly, by choosing a card aligning with your spending habits and credit history, you could enjoy substantial rewards.

→ Related reading: How to Maximize Your Credit Card Rewards and Cashback

The Types of Cashback Cards

The average American has four credit cards, and with hundreds of options in the marketplace, it is crucial to choose the right cards to suit your unique circumstances. So, before you jump straight to an application, you need to understand the different types of cashback cards to make the right choice for you. Broadly speaking, cashback credit cards can be divided into four categories. These are:

Flat Rate

These cards offer a fixed percentage of cashback on all your purchases, regardless of amounts or spending categories. For example, the Capital One® Quicksilver® Cash Rewards Credit Card offers 1.5% on every purchase as unlimited cashback.

Tiered

With these cards, the amount of cashback will vary depending on a fixed spending category. This could mean that you get 6% on your supermarket purchases, but only 1% on all your other purchases.

Rotating

These credit cards offer a flat rate on all purchases, but there are bonus cashback offers on any purchases made in a category designated in that quarter. Generally, the cardholder needs to activate quarterly to receive the bonus cashback. These bonuses are often capped at specific spending levels, but as the categories change each quarter, you can gain some significant rewards. A good example of this is the Chase Freedom card. This card offers 5% cash back on the first $1500 spent in the bonus category with 1% on all other purchases.

Cardholder’s Choice

These are not common, but there are more and more of these cards being launched. Cardholder’s choice cards are a combination of tiered rewards and rotating categories with some customer choice as an added extra.

Generally, the reward structure involves tiers, with spending caps, but you may also be able to choose a couple of categories where you can earn extra rewards. A good example is the U.S. Bank Cash+ Visa Signature Card. This allows the cardholder to earn 5% cashback in purchases in two categories of the customer’s choice. Additionally, the cardholder can choose another category to earn 2% cashback, and all other purchases earn 1% cashback.

See our other top credit card recommendations here:

The Best Cashback Credit Cards

Now, let’s take a look at our favorite cashback credit cards. This list includes cards from all four of the categories mentioned above.

1. Capital One® Quicksilver® Cash Rewards Credit Card

Capital One Quicksilver

This is a flat-rate cashback reward card that is great for those who enjoy cashback on autopilot. You don’t need to plan your purchases to fit in a particular category as you’ll just receive a set percentage. The Quicksilver offers 1.5% cashback on all purchases with no spending cap.

Another feature that makes the Quicksilver one of the best cashback credit cards is that there are no foreign transaction fees. This makes this a great choice of card for those who enjoy traveling abroad.

The Quicksilver has a 0 percent interest introductory offer for 15 months, and there is a $150 bonus if you spend $500 on purchases in the first three months of membership.

This card has no annual fee.

Highlights:

  • Flat 1.5% cashback on all purchases
  • $150 signup bonus
  • No annual fee
  • No foreign transaction fees

Learn more about the Quicksilver Cash Rewards Card

2. Chase Freedom

Chase Freedom

The Chase Freedom offers rotating rewards. The categories rotate each quarter, and you can enjoy 5% cashback in the specific category that is featured for that quarter. So, if you plan your spending strategically, you can enjoy some serious savings. This card also allows you to accumulate Chase Ultimate Rewards points, which can be combined with your other Chase cards for maximum benefits. You can earn 5% cashback on purchases up to $1,500 in the quarterly bonus categories and 1% on all other purchases.

There is an introductory period of 15 months from the account opening with 0 percent APR on all purchases and balance transfers. There is also a $150 bonus if you spend $500 during the first three months.

Highlights:

  • 5% cash back on purchases in rotating categories
  • 1% cash back on all other purchases
  • $150 signup bonus
  • No annual fee

Compare this card to other cashback cards

3. Chase Freedom Unlimited

Chase Freedom Unlimited

The Freedom Unlimited card exemplifies the flexibility and other benefits of flat-rate reward cards, hence its inclusion on this list of the best cashback credit cards.

Like the Chase Freedom, this card offers a $150 signup bonus if you spend at least $500 within the first months after opening the account. Where it differs from the Chase Freedom card is the cashback details. Instead of using revolving categories, the Chase Freedom Unlimited offers a flat 1.5% cashback on all purchases, making it a great everyday card for the majority of your purchases.

There is also a 0% interest rate for the first 15 months on all purchases and balance transfers, but a balance transfer fee does apply.

Like the Chase Freedom card, you’ll be able the Chase Ultimate Rewards portal to get more value out of your rewards/cashback.

Highlights:

  • Flat 1.5% cashback on all purchases after the first year
  • $150 signup bonus
  • No annual fee

Learn more about the Chase Freedom Unlimited

4. Capital One® Savor® Cash Rewards Credit Card

Capital One Savor Card

This tiered cashback card makes the list of the top cashback cards because it offers great rewards for both cooking at home and dining out. With the Savor Cash Rewards Card you can earn an unlimited 4% cashback on all dining and entertainment purchases with 2% cashback on grocery store purchases and 1% cashback on all other purchases.

Capital One offers a $300 bonus if you spend $3,000 in the first three months, and there are no foreign transaction fees. The annual fee is set at $0 for the first year, but it increases to $95 per year after that first year.

Highlights:

  • Earn 4% cash back on dining and entertainment
  • Earn 2% cash back at grocery stores
  • Earn 1% cash back on all other purchases
  • $300 signup bonus
  • $95 annual fee (waived for the first year)

Learn more about the Savor Cash Rewards Card

5. Capital One SavorOne® Cash Rewards Credit Card

Capital One SavorOne

The Capital One SavorOne is fairly similar to the Savor card, but with some key differences. The SavorOne card comes with slightly lower rewards, but also has no annual fee. Determining which card is best for you will depend on your spending habits and how much cashback you can earn with the card.

For starters, the SavorOne’s signup bonus is $150 if you spend $500 in the first 3 months (compared to a potential $300 from the Savor card). With the SavorOne, you’ll earn 3% cashback on dining and entertainment, 2% cashback at grocery stores, and 1% cashback on all other purchases.

Highlights:

  • Earn 3% cashback on dining and entertainment
  • Earn 2% cashback at grocery stores
  • Earn 1% cashback on all other purchases
  • $150 signup bonus
  • No annual fee

Learn more about the SavorOne Cash Rewards Card

6. U.S Bank Cash+ Visa Signature

U.S. Bank Cash+

This innovative card allows you to decide where you’ll earn the highest percentages of cashback. This means that you can tailor your U.S Bank Cash+ card to fit your spending habits perfectly, with the option to change your settings each quarter. There is no annual fee and you can receive a $150 signup bonus if you spend $500 in purchases in the first 90 da