good cash back credit cards

Earn 6% Cash Back on all Purchases for the first 3 months 1 up to a total spend of $2,000. Plus, first year no Annual Fee for the Primary and Additional. The best cash back credit cards of November 2021 · Best overall: Citi® Double Cash Card · Best for lower credit scores: Discover it® Secured. The Best Cash-Back Credit Cards With Quarterly Rotating Bonus Categories · Discover Cash Back card · Discover it® Student Cash Back · NHL® Discover.

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BEST CREDIT CARDS 2021 - 2ND HALF UPDATE! Best cash back credit cards, travel cards, new to credit..

Good cash back credit cards -

This page is a marketplace where our partners can highlight their current card offers. The reviews and insights represented are editorial, but the order in which cards appear on the page may be influenced by compensation we may receive from our partners.

For many, cash back is king. With the right card, you can earn money back on where you spend the most — whether that be the grocery store, on takeout or gas. Here are the top cash-back credit cards from our partners that you can use to maximize your everyday purchases. As always, check out our best credit cards overall for monthly offers.

Terms & restrictions apply.See rates & fees

BEST REWARDS RATE FOR A CASH-BACK CARD

2% cash-back

  • 2% Earn unlimited 2% cash rewards on purchases

$200 cash rewards

$200 cash rewards

670-850

Excellent, Good

670-850

Excellent, Good

Why we chose it

If you’re interested in opening a cash-back card but are confused by other options that discuss “rotating categories” or “spending limits,” make your life easier with the Wells Fargo Active Cash card. Earn 2% cash rewards on every purchase and turn your rewards into cash-back that can help you lower your everyday expenses or treat yourself to a gift — from you, to you.

Pros

  • There’s no annual fee, meaning that you can keep your costs low while focusing on earning rewards

Cons

  • Don’t take this card abroad with you, as this card incurs a 3% foreign transaction fee
  • New! Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months
  • Earn unlimited 2% cash rewards on purchases
  • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 14.99% to 24.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5
  • $0 annual fee
  • No category restrictions or sign ups and cash rewards don't expire as long as your account remains open
  • Enjoy a premium collection of benefits at a selection of the world's most intriguing and prestigious hotel properties with Visa Signature Concierge
  • 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 Active Cash℠ Card
  • Select "Apply Now" to learn more about the product features, terms and conditions

Pros

  • There’s no annual fee, meaning that you can keep your costs low while focusing on earning rewards

Cons

  • Don’t take this card abroad with you, as this card incurs a 3% foreign transaction fee
  • New! Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months
  • Earn unlimited 2% cash rewards on purchases
  • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 14.99% to 24.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5
  • $0 annual fee
  • No category restrictions or sign ups and cash rewards don't expire as long as your account remains open
  • Enjoy a premium collection of benefits at a selection of the world's most intriguing and prestigious hotel properties with Visa Signature Concierge
  • 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 Active Cash℠ Card
  • Select "Apply Now" to learn more about the product features, terms and conditions

Terms & restrictions apply.See rates & fees

Best for gas, supermarkets, and select streaming services cash back in the U.S.

1 - 6% cash-back

  • 6% 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
  • 6% 6% Cash Back on select U.S. streaming subscriptions
  • 3% 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more
  • 3% 3% Cash Back at U.S. gas stations
  • 1% 1% Cash Back on other purchases

$300

$300

$0 introductory annual fee for the first year, then $95.

670-850

Excellent, Good

670-850

Excellent, Good

Why we chose it

The Blue Cash Preferred Card is one of the best cash-back credit cards on the market. You’ll get a great return across a wide range of bonus categories, a solid welcome bonus and a low annual fee.

Pros

  • This card has one of the best earning structures out for among cash-back credit cards.
  • $0 intro annual fee for the first year, then $95
  • The card comes with access to Amex Offers (activation required), which can save you even more money on specific purchases.

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with large grocery budgets.
  • You’ll have to pay a foreign transaction fee on international purchases, so it’s not a great choice when you’re traveling abroad.
  • Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%
  • 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.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.
  • See Rates & Fees

Pros

  • This card has one of the best earning structures out for among cash-back credit cards.
  • $0 intro annual fee for the first year, then $95
  • The card comes with access to Amex Offers (activation required), which can save you even more money on specific purchases.

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with large grocery budgets.
  • You’ll have to pay a foreign transaction fee on international purchases, so it’s not a great choice when you’re traveling abroad.
  • Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%
  • 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.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.
  • See Rates & Fees

Terms & restrictions apply.See rates & fees

Best for beginner cash back

1 - 3% cash-back

  • 3% 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% 2% cash back at U.S. gas stations and at select U.S. department stores.
  • 1% 1% Cash Back on other purchases

$200

$200

670-850

Excellent, Good

670-850

Excellent, Good

Why we chose it

The Blue Cash Everyday card is a good option for people who want a simple cash-back structure with no annual fee. You’ll earn bonus cash-back on popular bonus categories, including U.S. supermarkets and U.S. gas stations.

Pros

  • 3% cash back at U.S. supermarkets
  • No annual fee.
  • Unlimited 2% cash back at U.S. gas stations and select U.S. department stores.
  • Amex Offers, which earn you statement credits or extra points on purchases with a wide variety of merchants. (Enrollment required)

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with larger annual grocery spend.
  • You’ll have to pay a foreign transaction fee on purchases abroad, so it’s not a great choice to take with you when traveling outside of the U.S.
  • Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 15 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%.
  • 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% Cash Back on other purchases.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits.
  • No annual fee.
  • Terms Apply.
  • See Rates & Fees

Pros

  • 3% cash back at U.S. supermarkets
  • No annual fee.
  • Unlimited 2% cash back at U.S. gas stations and select U.S. department stores.
  • Amex Offers, which earn you statement credits or extra points on purchases with a wide variety of merchants. (Enrollment required)

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with larger annual grocery spend.
  • You’ll have to pay a foreign transaction fee on purchases abroad, so it’s not a great choice to take with you when traveling outside of the U.S.
  • Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 15 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%.
  • 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% Cash Back on other purchases.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits.
  • No annual fee.
  • Terms Apply.
  • See Rates & Fees

BEST FOR FLAT-RATE CASH BACK

1.5% cash-back

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

$200

$200

670-850

Excellent, Good

670-850

Excellent, Good

Why we chose it

The Capital One Quicksilver Cash Rewards Credit Card is a decent option for those in need of a straightforward cash back card. However, there are other options that offer more flexibility to redeem your rewards.

Pros

  • Unlimited 1.5% cash back on all purchases
  • No annual fee
  • Cash back doesn't expire

Cons

  • Limited card perks and benefits
  • Other cards offer more potential and upside when it comes to redeeming cash back
  • One-time $200 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
  • 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 and balance transfers for 15 months; 14.99%-24.99% variable APR after that
  • $0 annual fee and no foreign transaction fees

Pros

  • Unlimited 1.5% cash back on all purchases
  • No annual fee
  • Cash back doesn't expire

Cons

  • Limited card perks and benefits
  • Other cards offer more potential and upside when it comes to redeeming cash back
  • One-time $200 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
  • 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 and balance transfers for 15 months; 14.99%-24.99% variable APR after that
  • $0 annual fee and no foreign transaction fees

1.5 - 5% cash-back

  • 5% 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 5% 5% on travel purchased through Chase Ultimate Rewards®.
  • 3% 3% cash back on dining at restaurants, including takeout and eligible delivery services and on drugstore purchases.
  • 1.5% Unlimited 1.5% cash back on all other purchases.

$200

$200

670-850

Excellent/Good

670-850

Excellent/Good

Why we chose it

The Chase Freedom Unlimited is a surprisingly powerful card that earns at least 1.5% back on everything. However, it becomes a standout card if you pair it with a card that earns transferable Ultimate Rewards points, doubling their potential value.

Pros

  • At least 1.5% back on every purchase, with up to 3% back on select categories.
  • There is no annual fee - Perfect for everyday, non-bonused spending - incredible value when paired with a premium Chase card.

Cons

  • There is a foreign transaction fee so the card shouldn't be used abroad.
  • Limited card perks and benefits.
  • $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 3% cash back on dining at restaurants, including takeout and eligible delivery services
  • 3% cash back on drugstore purchases
  • 5% on travel purchased through Chase Ultimate Rewards®
  • Unlimited 1.5% cash back on all other purchases
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99% - 24.74%.
  • No annual fee.

Pros

  • At least 1.5% back on every purchase, with up to 3% back on select categories.
  • There is no annual fee - Perfect for everyday, non-bonused spending - incredible value when paired with a premium Chase card.

Cons

  • There is a foreign transaction fee so the card shouldn't be used abroad.
  • Limited card perks and benefits.
  • $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 3% cash back on dining at restaurants, including takeout and eligible delivery services
  • 3% cash back on drugstore purchases
  • 5% on travel purchased through Chase Ultimate Rewards®
  • Unlimited 1.5% cash back on all other purchases
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99% - 24.74%.
  • No annual fee.

Best for entertainment cash back

1 - 8% cash-back

  • 8% Earn 8% cash back on tickets at Vivid Seats through January 2023.
  • 3% Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®).
  • 1% Earn 1% on all other purchases.

$200

$200

670-850

Excellent, Good

670-850

Excellent, Good

Why we chose it

The Capital One SavorOne is a great cash-back credit card for beginners looking for a solid cash back structure and no annual fee. Dining, entertainment and groceries are high-value bonus categories, and it’s rare for a card to hit all three.

Pros

  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases
  • This card is better for beginners since it’s easier to be approved for than the Capital One Savor Cash Rewards Credit Card.
  • The intro APR offer that comes with this card makes it a solid choice for those looking to finance a large purchase. You’ll get 0% intro APR on purchases and balance transfers for the first 15 months (14.99% - 24.99% variable APR after).

Cons

  • If you spend a lot on dining and entertainment each year, the Savor is the better value since it earns higher rewards.
  • The sign-up bonus isn’t anything to write home about (though it is easy to earn).
  • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023
  • 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 and balance transfers for 15 months; 14.99% - 24.99% variable APR after that
  • No foreign transaction fee
  • No annual fee

Pros

  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases
  • This card is better for beginners since it’s easier to be approved for than the Capital One Savor Cash Rewards Credit Card.
  • The intro APR offer that comes with this card makes it a solid choice for those looking to finance a large purchase. You’ll get 0% intro APR on purchases and balance transfers for the first 15 months (14.99% - 24.99% variable APR after).

Cons

  • If you spend a lot on dining and entertainment each year, the Savor is the better value since it earns higher rewards.
  • The sign-up bonus isn’t anything to write home about (though it is easy to earn).
  • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023
  • 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 and balance transfers for 15 months; 14.99% - 24.99% variable APR after that
  • No foreign transaction fee
  • No annual fee

Best for small business spending

1 - 5% cash-back

  • 5% Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • 2% Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • 1% Earn 1% cash back on all other card purchases with no limit to the amount you can earn

$750

$750

670-850

Good, Excellent

670-850

Good, Excellent

Why we chose it

The Chase Ink Business Cash is an excellent no annual fee card for small business owners. Cardholders can earn 5% cash back on office supplies and select utilities, as well as 2% cash back at restaurants and gas stations.

Pros

  • The current sign-up bonus on this card is an impressive $750. TPG values it at $1,500, not including any points you may earn from the valuable bonus categories.
  • There is no annual fee which is perfect for small business owners.
  • You’ll earn 5% at office supply stores and on common monthly bills such as internet, cable and phone services. Plus, you’ll earn 2% cash back at gas stations and restaurants each account anniversary year.

Cons

  • 5% cash back earned on certain categories is capped at the first $25,000 you make in combined purchases each account anniversary year.
  • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®
  • 0% introductory APR for 12 months on purchases

Pros

  • The current sign-up bonus on this card is an impressive $750. TPG values it at $1,500, not including any points you may earn from the valuable bonus categories.
  • There is no annual fee which is perfect for small business owners.
  • You’ll earn 5% at office supply stores and on common monthly bills such as internet, cable and phone services. Plus, you’ll earn 2% cash back at gas stations and restaurants each account anniversary year.

Cons

  • 5% cash back earned on certain categories is capped at the first $25,000 you make in combined purchases each account anniversary year.
  • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®
  • 0% introductory APR for 12 months on purchases
Источник: https://thepointsguy.com/credit-cards/cash-back/

Best Cash Back Credit Cards for November 2021

Looking for the top cash-back credit cards? Here's some of the hottest offers available right now, plus how cash-back credit cards work and how to get the most out of them.

By Maryalene Laponsie

MoneyRates has partnered with CardRatings for our coverage of credit card products. MoneyRates and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

5-tips-for-keeping-credit-card-balances-low

Regardless of what you buy or where you shop, cash-back credit cards can put money back into your pocket each month.

The best cash-back credit cards give you a rebate on every qualified purchase you make.

However, not all cards are created equal. Some may limit how much cash back you can earn, while others may only provide their highest level of rewards on specific categories of purchases.

Which cash-back credit card is the best?

The best cash-back credit card for you depends on individual preferences such as whether you like rewards that never change or want to maximize your money back by taking advantage of revolving bonus categories.

MoneyRates has done the legwork of finding the best cash-back credit cards for a variety of situations by analyzing the cash-back cards currently available and determining what makes them stand out from the rest.

See which cards made the cut, get tips on how to maximize your benefits, learn what credit score you’ll need to qualify, and more.

Best Flat-Rate Cash-Back Credit Card – Citi® Double Cash Card - 18 month BT offer

If you’re new to cash-back credit cards, a flat-rate card can be the simplest way to get started.

These cards offer the same percentage of cash back on all purchases. Often, rewards on these cards are unlimited and don’t expire so long as your account remains open.

Flat-rate cash-back credit cards are best for those who don’t want to worry about spending tiers and bonus categories.

No matter what you buy or how much you spend, you always know exactly how much cash back is coming your way.

The following are our top picks for the best flat-rate cash-back credit cards. All are solid choices, but a high ongoing rewards opportunity takes Citi® Double Cash Card - 18 month BT offer

Citi® Double Cash Card - 18 month BT offer

The Basics: With no annual fee and other benefits like an intro 0% APR on balance transfers (then, 13.99% – 23.99% (Variable)

Thanks to that higher-than-typical flat-rate rewards earning opportunity, it’s hard to do better with a flat-rate cash-back card.

The Basics: With the Capital One Quicksilver Cash Rewards Credit Card

Cardholders get a host of other perks and services too, including 24-hour travel assistance, travel accident insurance and extended warranty coverage.

(This card is not currently available on CardRatings)

The Basics: This card is a good pick for anyone who banks with Wells Fargo. That’s because among its cash-back redemption options are the opportunities to redeem for cash in $20 increments at Wells Fargo ATMs or to apply a credit toward a Wells Fargo mortgage principal balance.

The should also be a top choice for anyone who uses Apple Pay or Google Pay since it offers an increased cash back rate on those purchases at first. It also offers cellular phone insurance (terms and deductible apply) when you pay your mobile bill with your card.

The Basics: In addition to cash back, the American Express Cash Magnet® Card

Rewards earned with this card can be redeemed for statement credits, gift cards or merchandise.

While the card offers a welcome bonus, note its spending requirement is double that of some of the other cards on this list.

See Rates and Fees; terms apply

Capital One QuicksilverOne Cash Rewards Credit Card

The Basics: For those with less than stellar credit, the Capital One QuicksilverOne Cash Rewards Credit Card

It does charge an annual fee, and you won’t get a welcome bonus – but you do get perks such as 24-hour travel assistance service and extended warranty protection. Plus, you’ll get unlimited cash back on all your purchases.

Best Tiered Cash-Back Credit Card – Blue Cash Preferred® Card from American Express

Tiered cash-back credit cards pay out different levels of rewards depending on what is purchased. For instance, you may get 4% cash back when you eat out at a restaurant but only 2% cash back when you shop at the supermarket.

These cards are great for those who spend a significant amount of money in specific categories.

Some people apply for several tiered cards so they can get the highest earning rates possible in several categories.

Keep in mind that the default earning rate for purchases outside these special categories is usually 1%. That means that, if you aren’t spending in the top-tiered categories, you may be earning less than what you’d get with a flat-rate cash-back card.

We think the Blue Cash Preferred® Card from American Express

Blue Cash Preferred® Card from American Express

The Basics: The Blue Cash Preferred® Card from American Express

The current welcome offer only sweetens the deal and makes this card hard to beat.

See Rates and Fees; terms apply

The Basics: With an annual fee of $0

Freedom Unlimited® offers flexible redemption options including statement credits, direct deposits, gift cards and travel too. Plus, rewards accumulate as Chase Ultimate Rewards® points and can be combined with points earned through other cards to make this cash-back card a powerful travel rewards option as well.

Capital One SavorOne Cash Rewards Credit Card

The Basics: If you’re looking for a card without an annual fee, the Capital One SavorOne Cash Rewards Credit Card

It’s best for those who dine out frequently or spend a lot on entertainment. However, it also earns a respectable 3% back at grocery stores, making this a good choice even for the budding home chef.

The card’s added perks include complimentary concierge service, travel accident insurance and extended warranty protection.

Blue Cash Everyday® Card from American Express

The Basics: The Blue Cash Everyday® Card from American Express

This card has a competitive welcome bonus and offers higher levels of cash back for purchases at U.S. supermarkets and U.S. gas stations, which are common expenses in many households.

See Rates and Fees; terms apply

Types of Cash-Back Credit Cards

The specifics of cash-back-rewards programs — what’s offered and how they work — vary from card to card and can be complex. However, the best cash-back credit cards can be broken down into the following categories:

Flat-rate cash-back credit cards

These cards have the simplest rewards structure. They award the same amount of cash back on all purchases. Obviously, the higher the rate, the more cash you get back.

If, for example, you earn 2% on all purchases and you charge $10,000 to the card in one year, you’d accrue $200 in cash back. Credit card companies can modify those rates at any time, however.

Tiered cash-back credit cards

Other cards offer higher percentages on purchases in certain categories such as groceries, drugstore items, and gas, or for purchases from selected merchants. Some even feature bonuses for the first purchase or bonuses for spending a certain amount in a year. These are known as tiered cash-back credit cards.

Cash-back credit cards with rotating categories

These cards are a type of tiered cash-back credit card. However, rather than having permanent categories for higher cash-back rewards, these cards rotate through different bonus categories throughout the year. Typically, card issuers will change the categories each quarter.

Cash-back credit cards with cardholder-choice categories

The final type of cash-back credit card also uses rotating categories, but it lets cardholders choose the category rather than leaving that choice to the card issuer. This provides for the most flexibility possible to maximize cash-back rewards.

How Do Cash-Back Credit Cards Work?

To make the most of the best cash-back credit cards, you need to understand the ins and outs of how they work. That means knowing what fine print to read and the best ways to redeem your cash back once it’s earned.

Cash-Back Credit Card Limitations

Most of these rewards cards have rules concerning usage and redemption. Here are a few to know:

Cap limitations

Some of these cards have a limit on the cash back you can get monthly, annually or both. For instance, an annual cap may mean you can’t earn any more than $600 per year. However, many of the best cash-back credit cards don’t have caps.

Redemption minimums

Sometimes you have to charge a certain amount on the card before your reward takes effect or before you can redeem your reward. With some cards, you may redeem your reward each time you meet the minimum; with others, redemptions can be done monthly or annually.

Expiration dates

Expiration dates on the rewards themselves are not uncommon. On cards with a rewards expiration date, if you don’t retrieve your cash back by that time, you lose it.

Cash-Back Credit Card Fees

Cash-back rewards cards often have higher interest rates than cards without rewards, so it’s best to pay any balance off in its entirety every month. Otherwise, interest will eat away at your cash rewards and you won’t reap any true benefits.

Also, as with any credit card, check for the following fees and see which terms apply to them:

Annual fee

It’s not unusual for rewards credit cards to have annual fees. Before you pay an annual fee, make sure the value of the cash back you expect to receive will offset the cost.

Balance transfer fee

Some credit cards offer a 0% introductory APR on purchases and balance transfers. You won’t earn cash back on a balance transfer, and you could be charged a fee equal to 3-5% of the transferred amount. So make sure the interest savings will be enough to justify paying the balance transfer fee.

Foreign transaction fees

If you travel frequently, look for a card that doesn’t charge foreign transaction fees. These fees usually run anywhere from 3%-5% of your transaction amount. Keep in mind, too, that these will be assessed if you buy an item from a foreign website in foreign currency. We primarily think of these fees as only affecting you when you travel, but they can crop up when you’re shopping from the comfort of your own sofa.

How Cash-Back Credit Cards Give Cash Back

Your rewards with a cash-back credit card will most likely come in the form of cash. How you get that cash can depend on your card. Generally, you’ll have one or more of these options:

  • Statement credit
  • Paper check
  • Automatic deposit to bank account
  • Use of cash-back rewards to make purchases on partnering sites such as Amazon
  • Gift cards
  • Travel
  • Merchandise

Most of these methods result in a dollar-for-dollar redemption. In other words, if you have one dollar of cash back in your account, you get one dollar for a statement credit or one dollar off your Amazon order.

Travel and merchandise can be a little tricky, though, since it’s hard to know sometimes if you’re getting the best value for your money. As a general rule, redeeming your cash back for cash rather than merchandise is the best advice.

8 Smart Strategies: Getting the Most Out of Your Cash-Back Credit Card

How do you get the most out of a cash-back credit card?

It starts by not having just one cash-back credit card. You’ll probably want two or even three to get the most money back.

If that sounds overwhelming, don’t worry. We have the process broken down into eight easy steps:

1. Select your cards

Start by selecting an everyday card. This will be a flat-rate cash-back card that is used for all your purchases except those covered by a tiered card’s bonus categories.

Then, look for one or two tiered cash-back cards or cards with rotating or customer-choice categories. You’ll want to find cards that offer the most cash back for the categories you shop most frequently, such as groceries or gas. However, don’t apply for any cards just yet.

2. Apply for your cards strategically

Now that you have your best cash-back credit cards selected, you need a strategy for when to apply.

Why? Because you want to be able to comfortably spend enough to earn each card’s welcome bonus and pay off the balance before any interest starts.

That means looking at your expected spending patterns and deciding when a particular card might be a good fit. Do you have any big expenses coming up that would help meet that requirement? If so, time your application for the card a month before the purchase will be made.

Also take into consideration whether a card’s welcome bonus is higher than usual. Limited time offers are just that: limited. We don’t know how long offers will last, so it’s best to apply right away if a card has an enhanced bonus available and the application fits well into your lifestyle and needs at that moment.

Keep in mind that a rash of applications can have a negative impact on your credit score. They could also raise a red flag to card issuers who might think you’re in a financial crisis and desperate for money.

To improve the odds of having applications approved, some people recommend applying for two or three cards on the same day and then waiting three to four months before applying for any additional cards. Others suggest applying for only one card every six months. However, there is no magic number for how long to wait between applications since each card issuer has its own evaluation standards.

If you have excellent credit and a stellar on-time payment history, waiting between applications probably isn’t as important as it is for those with lower credit scores.

3. Separate cards in your wallet

As you receive and begin to use your cards, have a designated place in your wallet for each one. Storing them together increases the chances of pulling out the wrong one if you’re in a rush in the store. Then, you’ll have earned only 1.5% cash back at the supermarket instead of the 6% you could have gotten if you’d pulled out the Blue Cash Preferred® Card from American Express

Using a removable label to note the card’s cash-back rate on the card itself can also be helpful. Whichever system you use, just be sure it makes it easy to quickly pull out the right card for each purchase.

4. Use cash-back cards for all your monthly bills

One way to maximize cash back is to use cards for monthly expenses in addition to everyday purchases. For instance, setting up payments from your Chase Freedom Unlimited®

It doesn’t make sense, though, to use a cash-back card if a provider charges a fee for credit-card payments. There’s no reason to pay a 3% processing fee in order to get 1.5% cash back. The only exception might be to earn a welcome bonus. In that case, it might be worthwhile to pay a fee if you’ll earn $150 or $300 as a result. However, always do the math first to be sure.

5. Change cards when you hit spending limits

Once you hit the spending limit for a particular category, switch to a new card. Otherwise, you could miss out on valuable cash back.

For example, let’s say you have a large family and charge $750 worth of supermarket purchases to your Blue Cash Preferred® Card from American Express

6. Create category and payment alerts

To ensure you don’t miss the opportunity to activate or choose categories, set a calendar reminder on your phone or computer. You can also set up payment alerts through most credit-card accounts, and these will issue reminders of upcoming due dates. Don’t forget that, with some cards, a missing or late payment could mean forfeiting some or all of your cash back.

7. Pay off your balance every month

Only charge expenses you can comfortably pay off each month. Once interest starts to accrue on an account, even the best cash-back credit card will cost more money than it earns in rewards. If you’re having trouble making payments, stop using the card until you have paid off the balance and determined what caused the problem.

8. Regularly reevaluate your current cards

The highest cash-back credit cards are constantly evolving. Terms change, rates and fees fluctuate and welcome offers come and go. It’s always smart to keep an eye open on what else is available for cash-back rewards. We also recommend doing a full evaluation of your cards once a year. Make sure they still align with your spending patterns and decide whether any annual fees you’re paying are worth the rewards you’re reaping.

What Credit Score Do You Need for the Best Cash-Back Credit Cards?

In general, rewards credit cards require applicants to have good to excellent credit scores.

While the magic number will vary by issuer, a credit score at or above 700 is usually considered good, according to the credit reporting company Experian. Some cards, such as the Capital One QuicksilverOne Cash Rewards Credit Card

If your credit score is lower than 700, consider taking some time to improve your credit before applying for a cash-back credit card. A better credit score will put you in the running for the best cash-back credit cards.

Methodology

MoneyRates’ list of the best cash-back credit cards is certainly not exhaustive, because credit card terms change regularly. While there are other cash-back credit cards available, we’ve made it easier for you to review your options by analyzing a select group of some of the most popular and best credit cards with cash back. Factors we considered were weighted in the following order:

  • Percentage of cash back offered
  • Value of welcome bonus
  • Cost of annual fee
  • Bonus category options (greater weight given to cards with broad, rather than niche, categories)
  • Redemption options
  • Other card perks and benefits

To see the rates and fees for the American Express cards mentioned in this post, please visit the following links: American Express Cash Magnet® Card

About Author

Maryalene Laponsie

Источник: https://www.moneyrates.com/credit-card/best-credit-cards-cash-back.htm

The Best Cash Back Credit Cards Of November 2021

Best Cash Back Credit Cards of 2021

Best Overall

Chase Freedom Flex℠

Up to 5% Reward Rate

Earn 5% cash back on eligible purchases in rotating categories, 5% on Chase travel purchased through Chase Ultimate Rewards®, 3%Read More

Regular APR

14.99% - 24.74% Variable

Credit Score

Excellent, Good (700 - 749)

Why We Picked It

This card has the brawn to handle just about all of your credit card spending needs without an over-inflated price tag. The card has an annual fee of $0, yet comes with a pumped-up earnings structure that covers a wide swath of expenses including travel, drugstores and dining plus rotating quarterly bonus categories in areas many households are likely to find appealing.

Pros & Cons

  • No annual fee
  • Rotating quarterly categories earn 5% rewards when activated, up to a combined quarterly $1,500 maximum
  • Travel rewards rate rivals some of the best premium travel cards
  • Generous rewards rate in several other categories
  • Travel bookings must be made through Chase Ultimate Rewards® to earn 5% cash back

Card Details

  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • 3% cash back on dining at restaurants, including takeout and eligible delivery services
  • 3% cash back on drugstore purchases
  • 5% cash back on travel purchased through Chase Ultimate Rewards®, and 1% on all other purchases.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99% – 24.74%.
  • No annual fee.

Best for Automatic Bonus Categories

Citi Custom Cash℠ Card

Up to 5X Reward Rate

5% cash back on up to $500 in purchases in your top eligible spend category each billing cycle. All otherRead More

Regular APR

13.99% – 23.99% (Variable)

Credit Score

Excellent, Good (700 - 749)

Why We Picked It

The Citi Custom Cash is a great option for people looking to maximize cash back rewards without having to worry about activating or selecting bonus categories.

Pros & Cons

  • No registration required to earn bonus rewards
  • Cash back categories are unique categories that other cards may not offer bonus rewards for
  • Introductory APR on purchases and balance transfers
  • No annual fee
  • High balance transfer fee
  • High foreign transaction fee
  • Eligible bonus cash back categories are limited

Card Details

  • Earn $200 in cash back after you spend $750 on purchases in the first 3 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
  • 0% Intro APR on balance transfers and purchases for 15 months. After that, the variable APR will be 13.99% – 23.99%, based on your creditworthiness.
  • Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases.
  • No rotating bonus categories to sign up for – as your spending changes each billing cycle, your earn adjusts automatically when you spend in any of the eligible categories.
  • No Annual Fee
  • Citi will only issue one Citi Custom Cash℠ Card account per person.

Best for Supermarkets

Blue Cash Preferred® Card from American Express

Apply Now

On American Express's Secure Website

Apply Now

On American Express's Secure Website

Up to 6% Reward Rate

Earn 6% cash back at U.S. supermarkets, on up to $6,000 per year in purchases (then 1%); Earn 6% cashRead More

Annual Fee

$0 introductory annual fee for the first year, then $95.

Regular APR

13.99%-23.99% Variable

Credit Score

Excellent, Good (700 - 749)

Why We Picked It

Big spenders at US supermarkets and road warriors who frequently spend at US gas stations or transit like taxis, rideshares or transit can rack up impressive cash back rewards.

Pros & Cons

  • High cash back rewards in some categories
  • No enrollment is required, cash back is automatic
  • 6% cash back at US supermarkets is capped at $6,000 in annual spending
  • 2.7% foreign transaction fee
  • Very high cash advance fee

Card Details

  • Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%
  • 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.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.
  • See Rates & Fees

Best Welcome Bonus for Big Spenders

Discover it® Cash Back

Up to 5% Reward Rate

Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations andRead More

Welcome Bonus

Cashback Match™

Regular APR

11.99% - 22.99% Variable

Credit Score

Excellent/Good (700 - 749)

Why We Picked It

For moderate spenders who are willing to activate the 5% rotating categories and track the quarterly spending cap, this no-annual-fee card can deliver tidy rewards outside of its ongoing 1% earning rate.

Pros & Cons

  • 5% cash back on quarterly rotating spending categories throughout the year
  • Discover will automatically match all the cash back you’ve earned at the end of your first year
  • No minimum cashback redemption
  • 5% bonus cashback rate is limited to $1,500 per quarter in spending
  • Bonus categories must be activated quarterly
  • Low 1% base reward rate on everything else

Card Details

  • Intro Offer: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.
  • Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Redeem cash back in any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • #1 Most Trusted Credit Card according to Investor’s Business Daily.
  • No annual fee.
  • Discover is accepted nationwide by 99% of the places that take credit cards.
  • Click “Apply Now” to see rewards, FICO® Credit Score terms, Cashback Match™ details & other information.

Best for Dining and Entertainment

Savor Rewards Credit Card *

Savor Rewards Credit Card

Up to 4% Reward Rate

Earn unlimited 4% cash back on dining, entertainment and popular streaming services, 3% cash back at grocery stores and 1%Read More

Welcome Bonus

One-time $300 cash bonus

Regular APR

15.99% - 23.99% variable for purchases and balance transfers

Credit Score

Good/Excellent (700 - 749)

Why We Picked It

The Capital One Savor card is an ideal cash back credit card for those who love to splurge on bars, restaurants and an active social life. It's easy to justify the annual fee and accumulate great rewards with a remarkable 4% cashback rate on dining and entertainment (including popular streaming services), 3% cash back at grocery stores, and 1% cash back on all other purchases.

Pros & Cons

  • 4% cash back on eligible categories
  • Entertainment is a rare rewards category
  • No foreign transaction fees
  • Unlimited reward earnings
  • Annual fee
  • No introductory APR for purchases or balance transfers
  • Higher standard APR

Card Details

  • Earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening
  • Earn unlimited 4% cash back on dining, entertainment and popular streaming services
  • Earn unlimited 3% cash back at grocery stores
  • Earn unlimited 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

Best for Amazon Prime Members

Amazon Prime Rewards Visa Signature Card *

Up to 5X Reward Rate

Earn 5% Back at Amazon.com and Whole Foods Market; Earn 2% Back at restaurants, gas stations, and drugstores; Earn 1%Read More

Welcome Bonus

$200 Amazon.com Gift Card

Annual Fee

$0 with Prime membership

Regular APR

14.24% - 22.24% variable

Credit Score

Good/Excellent (700 - 749)

Why We Picked It

For existing Prime members who frequently shop at Amazon and Whole Foods, the 5% rewards rate is stellar. To further sweeten the deal, the Amazon Prime Rewards Visa Signature Card offers a 2% rewards category plus Visa Signature benefits.

Pros & Cons

  • Earn a welcome bonus without a spending requirement
  • No foreign transaction fee
  • Unlimited 5% back at Amazon and Whole Foods
  • Visa Signature benefits
  • No intro APR offer
  • 5% back excludes non-US Amazon sites
  • APR can be high, depending on your creditworthiness
  • High balance transfer fee

Card Details

  • Get a $200 Amazon.com gift card upon approval. Offer ends on November 30, 2021.
  • Earn 5% back at Amazon.com and Whole Foods Market with an eligible Prime membership, 2% back at restaurants, gas stations, and drugstores and earn 1% back on all other purchases
  • No minimum rewards balance required to redeem
  • Use Amazon Rewards to pay for all or part of your purchase
  • Visa Signature Concierge service

Best for Walmart Online Shoppers

Capital One® Walmart Rewards® Card *

Capital One® Walmart Rewards® Card

Up to 5% Reward Rate

Earn 5% back on Walmart.com & in the Walmart app, including Grocery Pickup and Delivery; Earn 2% back on restaurantsRead More

Welcome Bonus

5% cash back for the first 12 months

Regular APR

17.99% - 26.99% Variable APR on purchases and balance transfers

Credit Score

Fair (650 - 699)

Why We Picked It

The card offers excellent rewards for those who frequently shop at Walmart, particularly online. With no annual fee, it's a sweet deal to earn up to 5% cash back.

Pros & Cons

  • Up to 5% cash back
  • 2% cash back at restaurants and travel
  • No annual fee or foreign transaction fee
  • Applicants with average credit may qualify
  • Base reward rate of 1% could be better
  • High to very high APR, depending on creditworthiness
  • No intro APR offer

Card Details

  • Earn 5% cash back in Walmart stores for the first 12 months when you use your Capital One® Walmart Rewards
  • 17.99% – 26.99% Variable APR on purchases and balance transfers
  • No annual fee
  • 5% back on Walmart.com & in the Walmart app, including Grocery Pickup and Delivery
  • 2% back on restaurants and travel, and at Walmart Stores, Walmart & Murphy USA Fuel Stations
  • 1% back everywhere else Mastercard® is accepted
  • Ways to redeem rewards: Use rewards during checkout at Walmart.com, redeem for a purchase, get an account credit, redeem for gift cards from Walmart or other retailers, or redeem for flights, hotels, and car rentals
  • $0 fraud liability: If your card is ever lost or stolen, you won’t be responsible for fraudulent purchases
  • Capital One Mobile app: Pay your bill, get real-time purchase notifications, lock or unlock your card and more.

Best For Choosing Your Own Bonus Categories

U.S. Bank Cash+™ Visa Signature® Card *

Up to 5X Reward Rate

Earn 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose (1%Read More

Regular APR

13.99% - 23.99% Variable APR on purchases and balance transfers

Credit Score

Good/Excellent (700 - 749)

Why We Picked It

Considering that the U.S. Bank Cash+™ Visa Signature® Card has no annual fee, it offers impressive cash back rewards potential. One caveat - be sure to opt into your preferred bonus categories each quarter, or you'll be stuck with the base rate of 1%.

Pros & Cons

  • Up to 5% cash back in eligible categories
  • Unlimited 2% cash back in different eligible categories
  • Welcome bonus: Earn a $200 rewards bonus after you apply online and spend $1,000 in eligible purchases within the first 120 days of account opening
  • Introductory APR on balance transfers
  • No annual fee
  • 5% cash back rate limited to first $2,000 in eligible purchases each quarter in chosen categories
  • Foreign transaction fee
  • Balance transfer fee

Card Details

  • Earn a $200 rewards bonus after you apply online and spend $1,000 in eligible purchases within the first 120 days of account opening
  • 0% Intro APR on balance transfers for 18 the first 12 billing cycles
  • No annual fee
  • Earn 5% cash back on your first $2,000 in combined eligible purchases each quarter on two eligible categories you choose (1% thereafter)
  • Earn 2% cash back on one eligible everyday category, like gas stations, grocery stores or restaurants
  • Earn 1% cash back on all other eligible purchases

Best for Expats and Digital Nomads

HSBC Cash Rewards Mastercard® credit card *

Unlimited 1.5X Reward Rate

Earn unlimited 1.5% cash back on all purchases

Welcome Bonus

3% cash back

Regular APR

13.99% - 23.99% variable

Credit Score

Good/Excellent (700 - 749)

Why We Picked It

The HSBC Cash Rewards made our list especially for expats or digital nomads because HSBC has branches in 64 countries. Combine the global presence with a simple earnings structure and you've got an easy option when you are not US based.

Pros & Cons

  • Simple 1.5% cash back earning on all spending
  • No annual fee
  • No foreign transaction fees
  • Complimentary ShopRunner membership included
  • Mobile phone protection
  • No traditional welcome bonus
  • 3% cash back in the first year is limited to $10,000 in spending

Card Details

  • Earn unlimited 1.5% cash back on all purchases.
  • Earn an introductory 3% cash back on all purchases in the first 12 months from account opening, up to the first $10,000 in purchases.
  • 0% introductory APR on purchases and balance transfers for the first 12 months from account opening.
  • No annual fee or foreign transaction fees.
  • Terms Apply.

Best for Big(ish) Spenders

Alliant Cashback Visa Signature Credit Card *

Up to 2.5% Reward Rate

Those eligible for Tier 1 Rewards earn 2.5% cashback on the first $10,000 of qualifying eligible purchases per billing cycleRead More

Regular APR

12.24% - 22.24% Variable APR on purchases and balance transfers

Credit Score

Excellent (750 - 850)

Why We Picked It

If you regularly rack up your monthly balance, the 2.5% return on the Alliant card is hard to beat. The downsides are that excellent credit is recommended before you apply for the card and the lack of a welcome bonus.

Pros & Cons

  • Near-unbeatable 2.5% cash back rate on up to $10,000 in monthly purchases for eligible accounts (then 1.5%)
  • No foreign transaction fees
  • Generous credit line
  • No intro APR offer
  • No welcome bonus
  • Companion savings account and minimum daily balance required to earn the maximum rate

Card Details

  • When you pay for your trip with your Alliant Signature card, you’ll have $250,000 of travel accident insurance
  • Earn up to 2.5% cash back with no categories to track on up to $10,000 in purchases each billing cycle with qualifying accounts. All other purchases earn 1.5%
  • Cash back can be redeemed at a minimum of $25 per redemption transaction
  • You can choose to receive cash back from your Alliant credit card via a credit card statement credit (appearing within one billing cycle) or as a deposit into your Alliant checking or savings
  • Up to $5,000 of Personal Identity Theft Protection for covered expenses to restore your identity
Источник: https://www.forbes.com/advisor/credit-cards/best/cash-back/

What is a cashback credit card?

A cashback credit card is a type of reward credit card that pays you a percentage of what you spend back as a credit on your bill or in some cases straight into your bank account; monthly, quarterly or annually.

In the past, there were plenty of cashback credit cards to pick from. But in 2015, a new rule was introduced which capped the interchange fee merchants could be charged for accepting card transactions. This fee helped fund cashback perks, which means the cap has led to a number of UK cashback credit card deals being scaled back or pulled.

So, if you are trying to be savvy with your money and earn extra cash for your everyday spending there are fewer options available compared with other types of credit cards.

You can compare the latest cashback credit cards on Which? Money Compare. This guide will help you understand how a cashback credit card works, reveal the best cashback credit card deals on the market and provide tips for using a cashback credit card effectively.

 

How do cashback credit cards work?

Cashback credit cards pay a rate of cashback that determines how much you can earn each time you spend. So, for example, a cashback rate of 5% means you would earn £5 on a £100 spend.

Some deals come with introductory rates that may be capped followed by an ongoing rate while others pay a flat unlimited rate for as long as you have the card.

The trick with a cashback credit card is to use it as a debit card and load all of your everyday spending onto it to rack up the rewards.

Many of these cards charge an annual fee, but if you regularly spend on your card and repay the balance in full each month, you could earn hundreds of pounds a year.

What are the best cashback credit card deals?

Below we've set out the best cashback credit card deals available right now paying the highest rates of cashback. You can compare more cashback credit cards on Which? Money Compare.

Please note that the information in this article is for information purposes only and does not constitute advice. Please refer to the particular terms & conditions of a credit card provider before committing to any financial products.

American Express Platinum Cashback Credit Card

  • 5% cashback for the first three months of card membership capped at £125
  • After the first three months, you get 0.75% cashback on all purchases when you spend up to £10,000, or 1.25% cashback when you spend over £10,000 in a year
  • You could earn £108.75 cashback if you spent £500 each month for a year
  • £25 annual fee
  • Representative example: assumed borrowing of £1,200 for one year, at a purchase rate of 24.5% (variable), with a £25 annual fee, representative 29.8% APR (variable). Credit available subject to status and terms apply.

American Express Platinum Cashback Everyday Credit Card 

  • 5% cashback on purchases for the first three months of card membership capped at £100
  • After the first three months, you get 0.5% cashback on all purchases when you spend up to £10,000, or 1% cashback when you spend over £10,000 in a year
  • You need to spend a minimum of £3,000 in a year to ensure every £1 you spend qualifies for cashback
  • You could earn £97.50  cashback if you spent £500 each month for a year
  • No annual fee
  • Representative example: assumed borrowing of £1,200 for one year, at a purchase rate of 24.5% (variable), representative 24.5% APR (variable). Credit available subject to status and terms apply.

Santander All in One Credit Card

  • Pays 0.5% unlimited cashback on spending 
  • Up to 15% cashback with Retailer Offers
  • £36 annual fee
  • Representative example: assumed borrowing of £1,200 for one year, at a purchase rate of 17.9% (variable), with a £36 annual fee, representative 23.7% APR (variable). Credit available subject to status and terms apply.

Who are the best cashback credit card providers?

As well as finding a cashback credit card which is the most rewarding for you based on your spending habits you should also consider the quality of a provider's customer service. But that's pretty hard to do unless you’ve been a customer before.

Fortunately, Which? has rated 26 of the most popular credit card providers based on real-life experiences to help you find out what they’re like for customer service, fees, and benefits before you sign up.

You can take a look at our full analysis of the best and worst credit providers, and read our individual provider reviews for more information.

How to use a cashback credit card effectively

With a cashback credit card, there are a few things to bear in mind to make sure you use them effectively. We’ve set out the golden rules below.

1. Avoid borrowing

Cashback credit cards are a rewarding tool if you only use them to spend money you actually have like you would with a debit card.

They’re generally not very good for borrowing, with few cards offering competitive 0% deals.

If you're already paying interest on credit card debt, it's worth considering a 0% balance transfer card, or if you want to spread the cost of a new purchase try a 0% purchase card.

2. Pay off the balance in full every month

It’s important to make sure you pay off the balance of your cashback credit card in full every month otherwise the interest could outweigh the rewards.

With this in mind, we recommend you set up a direct debit to clear your balance each month so you don’t forget.

3. Maximise your cashback with everyday spending

To get the most out of your cashback credit card you should try to use it as much as possible.

The best cashback credit cards reward you every time you make a purchase, so it makes sense to use them instead of cash or debit cards whenever you can.

Cashback credit cards: what you need to know 

Have a cashback credit card query? See if you can find the answer in our Q&A below.

 

Why use a cashback credit card?

 

A cashback credit card is a great tool to reward yourself on your everyday spending.

Getting one isn’t about getting into debt, just about being savvy with your shopping and being rewarded without spending more than you normally would.

 

Are cashback credit card rewards taxable?

 

Cashback rewards on a credit card aren’t subject to tax. That’s because cashback is seen as a rebate on money you’ve spent rather than income.

You can find further details in the HMRC guidance and in Example 3.

 

Can I use a cashback credit card to clear debt?

 

A cashback credit card works best when you are using it to replace your debit card for everyday spending.

Few cashback credit cards come with introductory offers on 0% on balance transfers and when they do, they tend not to be as competitive as cards dedicated to shifting and freezing debt.

If you have credit card debt, check out the best balance transfer credit cards using Which? Money Compare.

 

Can I use a cashback credit card to spend interest-free?

 

Few cashback credit cards come with an introductory 0% purchase offer and the ones that do tend not to be the best out there.

You’d be better off looking for the best interest-free credit cards if you want to spread the cost of a purchase.

 

Do cashback credit cards offer Section 75 protection?

 

Cashback credit cards come with the same Section 75 protection as other credit cards.

So if you make a purchase worth between £100 and £30,000 on a cashback credit card the card issuer is equally liable with the retailer if something goes wrong.

 

How is cashback paid on a credit card?

 

The cashback you earn by using your cashback credit card is usually paid back in the form of a credit on your bill. But some providers will deposit what you earn in your bank account.

 

When is credit card cashback paid?

 

Cashback is usually paid monthly, quarterly or annually depending on your provider. Some cards may also require a minimum yearly spend before you can qualify for cashback.

Make sure you check the terms of the deal before signing up.

 

Does cashback count towards my minimum payment?

 

Cashback does not count towards your minimum monthly credit card repayment so don’t rely on this to help you pay your bill.

 

Will I get cashback on items I return?

 

Cashback is only paid on what you spend, so if you buy something and return it your cashback balance will be adjusted to reflect this.

 

Will I get cashback on interest and balance transfers?

 

No cashback will be earned on interest, fees, balance transfers, cash advances or loading prepaid cards.

 

Is a reward credit card better than a cashback credit card?

 

Cashback credit cards let you earn money back on your everyday spending, which you can then use on other purchases.

However, if you tend to be loyal to a particular shop you could be better offer with a reward credit card that offers points which can be turned into vouchers to spend there.

You can compare reward credit cards on Which? Money Compare.

 

Can you get a cashback credit card with bad credit?

 

You will need to have a decent credit rating to get a cashback credit card so you should check your report to see if it can be improved.

Use our guide credit reports: all you need to know for the lowdown.

However, those with a poor credit history may also be able to benefit from credit builder cards that offer cashback.

Just bear in mind that your credit limit will be fairly low to begin with and these cards come with a high APR so you should make sure you repay what you owe each month to reap the rewards of any cashback offer.

Источник: https://www.which.co.uk/money/credit-cards-and-loans/credit-cards/best-credit-card-deals/best-cash-back-credit-cards-apruj4r6fhq1

Best cash back credit card 2021: Top cards compared

Maximizing every penny spent on your business is essential for growing it. One of the best ways to do this is by redeeming rewards on a business cash back credit card. With one of these cards, you can receive a percentage (between 1% and 5%) of each qualifying transaction refunded.

Some cards give you a percentage of cash back incentives regardless of what you buy. Others offer tiered rewards based on where you use them. Some even offer you bonus cash if you spend a specific amount within the first few months of opening an account. 

Moreover, if you pay off your balances in full every month, the cash back incentives equate to free money. All told, there are many different options available to help your business maximize rewards. Here are the best cash back credit cards for business.

Capital One Spark Cards for Business

Three cash back options

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Capital One offers three cash back options for your business. If you need to build your credit, the Spark 1% Classic might be the best option. As its name implies, you earn 1% cash back on all purchases, with no limitations or annual fees. The 26.99% variable APR is a little high. However, if you pay off your balances every month, it will not matter.

Another option is the Spark 1.5% Cash Select card. With this option, you earn 1.5% cash back on all purchases. You also receive a $200 bonus when you spend at least $3,000 within the first three months of opening the account. And you gain a 0% APR for the first nine months. From there, your rate varies between 13.99% and 23.99%. Also, there is no membership fee, making this the perfect credit card for companies wanting to purchase often and pay in full each month. 

Meanwhile, if your company wants more buying power, the Spark 2% Cash card is the right option. Your business earns 2% cash back on all purchases made with the card. You also receive a $500 bonus when you spend at least $4,500 within the first three months of opening the account. After the first year, Capital One charges a $95 annual fee that is tax-deductible. The rate for this card is 20.99% APR. 

Pros:

  • Three options to meet your company's cash back needs
  • Unlimited cash back rewards
  • No annual fees on the Spark 1% Classic and the Spark 1.5% Cash Select
  • Cash rewards for spending within the first three months 

Cons:

  • High variable rate on the Spark 1% Classic
  • $95 annual fee after the first year for the Spark 2% Cash

Go to Capital One to learn more.

Ink Business Cash by Chase

Earn cash back rewards of 5% on every dollar spent

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With Ink Business Cash, your business can earn cash back rewards of 5% on every dollar spent on internet/cable services and at office supply stores. Chase caps this generous incentive to the first $25,000 you spend. After each year, this rolls back over, so you are free to take advantage of it again. 

Moreover, you also earn 2% back at restaurants and gas stations, with a cap of $25,000. And for all other purchases, you receive 1% back with no limitations. There are no annual fees, and Chase gives you a $750 cash back bonus when you spend at least $7,500 within the first three months of opening the account.

Sweetening the deal is a 0% introductory APR for the first year. It allows you to finance higher purchases and gives you time to pay them off before interest fees kick in. Overall, it is a versatile business card that works well for companies looking to save money on their office supplies, internet, and restaurant expenditures. 

Pros:

  • 0% introductory APR for the first year
  • 5% cash back on office supplies and home internet service for the first $25,000 spent each year
  • No annual fees
  • Cash bonus of $750

Cons:

  • Lower cash back incentive on all purchases relative to other offerings

Go to Chase to learn more.

Bank of America Business Advantage Customized Cash Back Rewards Mastercard

Perks if you have a BoA business checking account

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This card offers you the choice of which category you earn 3% cash back in. It includes gas, travel, office supply stores, business consulting services, computer consulting services, and internet/wireless service providers. You also have the option to change this category once a month as business needs dictate. 

Furthermore, you also earn 2% back on dining. Bank of America caps these generous incentives at $50,000. It means once you exceed this through your selected category and dining, you earn 1% cash back on all other purchases.

You can also maximize rewards by spending at least $3,000 within the first 90 days of opening an account. Doing so nets you a $300 cash back bonus. Bank America also gives you a way to earn more through its Preferred Rewards for Businesses.

If you have a business checking account with Bank of America, the company offers more cash back incentives on your credit card. There are three tiers based on average daily balances. If you qualify for the highest tier (Platinum Honors with a three-month balance average of at least $100,000), you earn even more cash back incentives. 

With your choice category, you earn 5.25% cash back (with dining it's 3.25%). All other purchases are 1.75%. As you can see, the more you bank with Bank of America, the more cash back incentives you receive. 

Pros:

  • Ability to choose a 3% bonus category
  • No annual fees
  • 0% introductory APR for the first 9 months
  • Preferred Rewards for Businesses give you more ways to maximize incentives

Cons:

  • Cap on highest cash incentives (first $50,000 combined in the chosen category and dining)

Go to Bank of America to learn more.

Discover It Business Credit Card

Will match all the rewards earned in your first year

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This business card from Discover touts simplicity. Your business earns 1.5% cash back rewards on unlimited purchases. 

Another benefit of going with Discover is they will match all the rewards earned in your first year. So, if your company earned $400 in incentives, Discover will give you another $400. It is a simple way to receive cash for making the purchases your business requires.

You also receive up to 50 free credit cards with your company account. For employees in charge of purchasing or having an expense account, it is a free way to build rewards. 

Discover does not charge an annual fee for its business card, and with a low introductory rate of 0% APR for the first year, you can finance larger purchases and have more time to pay them off.

It is also simple to manage expenses with your card. Discover allows you to download your transactions into Quicken, Excel, and QuickBooks. 

Pros:

  • 1.5% unlimited cash back rewards
  • No annual fees
  • 0% introductory APR for 12 months
  • Discover matches your cash back rewards for the first year
  • Up to 50 credit cards free

Cons:

  • There are no bonus categories where you can earn higher cash back incentives

Go to Discover to learn more.

US Bank Business Cash Rewards World Elite Mastercard

$500 cash bonus

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This card entitles you to 3% cash back on purchases made at gas stations (for transactions under $200), cell phone providers, and office supply stores. For the rest of your expenses charged, you earn a 1% bonus with unlimited rewards.

Another benefit is the $500 cash bonus. All you have to do is spend $3,000 within the first 90 days of opening the account. US Bank also provides a 25% cash back bonus (up to $250) on the anniversary of your account opening.

Further, there is no annual fee for this card. And upon opening it, you receive an introductory rate of 0% APR for the first year on purchases and balance transfers. Overall, it is a wise choice for companies looking for simple, easy-to-understand terms and cash back bonuses. 

Pros:

  • 0% APR for first year on all purchases and balance transfers 
  • 3% cash back bonuses on purchases at office supply stores, cell phone service/providers, and gas stations
  • No annual fees
  • 25% cash back bonus (up to $25) on purchases made the previous year
  • Cash bonus of $500 when you spend $3,000 within the first 90 days of account opening

Cons:

  • Some cards offer higher cash back incentives 

Go to US Bank to learn more.

American Express disclaimer

American Express Blue Business Cash™ Card

Flexibility in purchasing power

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One distinction between this credit card and some of the others is flexibility in purchasing power. American Express allows you (in certain circumstances) to spend more than your credit limit. They base it on factors like your credit, history of use of the card, payment history, and more.

Not only does this allow you to make larger purchases as you need (if approved), but you can also take advantage of the generous rewards. You earn 2% on all qualifying transactions for the first $50,000. For every purchase after this threshold, you receive 1% back. American Express credits every cash back to your statement automatically.

Moreover, there is no annual fee. And with a 0% APR rate for the year (then, 13.24% - 19.24% variable), it gives you more wiggle room in how you repay your expenses. (See Rates & Fees)

Pros:

  • 2% cash back on the first $50,000 of qualified purchases
  • 0% introductory APR for first 12 months
  • Flexible purchasing power
  • No annual fee

Cons:

  • You do not have a choice in how to redeem cash back rewards (American Express credits them to your statement as they come due)

View now Go to American Express to learn more.

How do I redeem my cash back rewards?

Redeeming cash back incentives depends on your credit card provider. Some issuers (like American Express) credit your cash back rewards to your statement, while others offer choices. You can transfer your rewards to a bank account, have them issue a check, apply them as statement credit, or use the points for purchases for specific retailers.

How do I choose my bonus category?

For cards that allow you to choose your bonus category, you want to log into your account. On the dashboard, there will be a tab allowing you to select the bonus category. Your account allowance for changing it varies by issuer, so be sure to double-check with them on how often you can adjust it.

When do my rewards appear?

For American Express users, they will appear as statement credits each month. For other issuers, it can vary from a few business days to a week.

How did we choose these products?

These cards represent some of the best cards you can use. In each case, they deliver generous incentives, simple terms, year-end cash back rewards, bonuses for spending a specified amount when you open an account, and low introductory rates. 

Moreover, some of these options also include higher cash back incentives for specific categories (office supplies, home internet, cell phone, etc.) So, if your company uses these services often, it is a convenient way to maximize cash back rewards.

Which card is right for you?

Since needs can vary, not every card making this list will be a suitable option in your case. With this in mind, here are some of the best choices based on uses:

Best card for home office rewards: Ink Business Cash by Chase

If you make many home office purchases, this is a smart credit card to have. Ink Business Cash by Chase gives you cash back rewards of 5% on home supplies and home internet service for the first $25,000 spent each year. Whether you need new computers for your staff or a way to cut internet expenses, the cash back rewards help you achieve what you need. 

Best card for flexible rewards: Bank of America Business Advantage Customized Cash Back Rewards Mastercard

Most business credit cards categorize cash back rewards for you. With this card, you have the power to choose the category that best fits your needs. You can earn 3% cash back on categories like computer consulting services, office supply stores, travel, and more. Overall, this card offers unrivaled flexibility in helping your business gain incentives. 

Best card for simplicity: Discover It Business Credit Card

With this business credit card, you earn an unlimited 1.5% back on all purchases. After the first year, Discover matches all the cash back you received for that year. And with simple terms, it is the perfect credit card for companies looking to maximize cash rebate incentives.

Best for building credit with cash back incentives: Capital One Spark 1% Classic

If you need to build your company's credit, the Capital One Spark 1% Classic is a wise way to do so. While you need excellent credit for most cards making this list, you only need fair credit to qualify for this one. Along with building your credit, you also earn an unlimited 1% cash back reward.

Are there alternatives worth considering?

There is one credit card worth exploring in addition to the ones listed above. The reason I chose not to include it is you have to be a Costco member to apply for the card, and you receive your cash back certificate annually (not monthly).

  • Costco Anywhere Visa Business Card by Citi: You earn 4% cash back rewards on gas at Costco for the first $7,000 spent. The 3% cash back incentives on restaurants and eligible travel expenses are hard to beat for business travelers. Then there's the 2% bonus on all purchases made at Costco or Costco.com. All other purchases qualify for 1% cash back. There is no annual fee and no foreign transaction charges. 

Источник: https://www.zdnet.com/article/best-cash-back-credit-card/
good cash back credit cards

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Best Cash Back Credit Cards for November 2021

Looking for the top cash-back credit cards? Here's some of the hottest offers available right now, plus how cash-back credit cards work and how to get the most out of them. bibanking en linea guatemala

By Maryalene Laponsie

MoneyRates has partnered with CardRatings for our coverage of credit card products. MoneyRates and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

5-tips-for-keeping-credit-card-balances-low

Regardless of what you buy or where you shop, cash-back credit cards can put money back into your pocket each month.

The best cash-back credit cards give you a rebate on every qualified purchase you make.

However, not all cards are created equal. Some may limit how much cash back you can earn, while others may only provide their highest level of rewards on specific categories of purchases.

Which cash-back credit card is the best?

The best cash-back credit card for you depends on individual preferences such as whether you like rewards that never change or want to maximize your money back by taking advantage of revolving bonus categories.

MoneyRates has done the legwork of finding the best cash-back credit cards for a variety of situations by analyzing the cash-back cards currently available and determining what makes them stand out from the rest.

See which cards made the cut, get tips on how to maximize your benefits, learn what credit score you’ll need to qualify, and more.

Best Flat-Rate Cash-Back Credit Card – Citi® Double Cash Card - 18 month BT offer

If you’re new to cash-back credit cards, a flat-rate card can be the simplest way to get started.

These cards offer the same percentage of cash back on all purchases. Often, rewards on these cards are unlimited and don’t expire so long as your account remains open.

Flat-rate cash-back credit cards are best for those who don’t want to worry about spending tiers and bonus categories.

No matter what you buy or how much you spend, you always know exactly how much cash back is coming your way.

The following are our top picks for the best flat-rate cash-back credit cards. All are solid choices, but a high ongoing rewards opportunity takes Citi® Double Cash Card - 18 month BT offer

Citi® Double Cash Card - 18 month BT offer

The Basics: With no annual fee and other benefits like an intro 0% APR on balance transfers (then, 13.99% – 23.99% (Variable)

Thanks to that higher-than-typical flat-rate rewards earning opportunity, it’s hard to do better with a flat-rate cash-back card.

The Basics: With the Capital One Quicksilver Cash Rewards Credit Card

Cardholders get a host of other perks and services too, including 24-hour travel assistance, travel accident insurance and extended warranty coverage.

(This card is not currently available on CardRatings)

The Basics: This card is a good pick for anyone who banks with Wells Fargo. That’s good cash back credit cards because among its cash-back redemption options are the opportunities to redeem for cash in $20 increments at Wells Fargo ATMs or to apply a credit toward a Wells Fargo mortgage principal balance.

first bank camden tennessee The should also be a top choice for anyone who uses Apple Pay or Google Pay since it offers an increased cash back rate on those purchases at first. It also offers cellular phone insurance (terms and deductible apply) when you pay your mobile bill with your card.

The Basics: In addition to cash back, the American Express Cash Magnet® Card

Rewards earned with this card can be redeemed for statement credits, gift cards or merchandise.

While the card offers a welcome bonus, note its spending requirement is double that of some of the other cards on this list.

See Rates and Fees; terms apply

Capital One QuicksilverOne Cash Rewards Credit Card

The Basics: For those with less than stellar credit, the Capital One QuicksilverOne Cash Rewards Credit Card

It does charge an annual fee, and you won’t get a welcome bonus – but you do get perks such as 24-hour travel assistance service and extended warranty protection. Plus, you’ll get unlimited cash back on all your purchases.

Best Tiered Cash-Back Credit Card – Blue Cash Preferred® Card from American Express

Tiered cash-back credit cards pay out different levels of rewards depending on what is purchased. For instance, you may get 4% cash back when you eat out at a restaurant but only 2% cash back when you shop at the supermarket.

These cards are great for those who spend a significant amount of money in specific categories.

Some people apply for several tiered cards so they can get the highest earning rates possible in several categories.

Keep in mind that the default earning rate for purchases outside these special categories is usually 1%. That means that, if you aren’t spending in the top-tiered categories, you may be earning less than what you’d get with a flat-rate cash-back card.

We think the Blue Cash Preferred® Card from American Express

Blue Cash Preferred® Card from American Express

The Basics: The Blue Cash Preferred® Card from American Express

walmart near me job application The current welcome offer only sweetens the deal and makes this card hard to beat.

See Rates and Fees; terms apply

The Basics: With an annual fee of $0

Freedom Unlimited® offers flexible redemption options including statement credits, direct deposits, gift cards and travel too. Plus, rewards accumulate as Chase Ultimate Rewards® points and can be combined with points earned through other cards to make this cash-back card a powerful travel rewards option as well.

Capital One SavorOne Cash Rewards Credit Card

The Basics: If you’re looking for a card without an annual fee, the Capital One SavorOne Cash Rewards Credit Card

It’s best for those who dine out frequently or spend a lot on entertainment. However, it also earns a respectable 3% back at grocery stores, making this a good choice even for the budding home chef.

The card’s added perks include complimentary concierge service, travel accident insurance and extended warranty protection.

Blue Cash Everyday® Card from American Express

The Basics: The Blue Cash Everyday® Card from American Express

This card has a competitive welcome bonus and offers higher levels of cash back for purchases at U.S. supermarkets and U.S. gas stations, which are common expenses in many households.

See Rates and Fees; terms apply

Types of Cash-Back Credit Cards

The specifics of cash-back-rewards programs — what’s offered and how they work — vary from card to card and can be complex. However, the best cash-back credit cards can be broken down into the following categories:

Flat-rate cash-back credit cards

These cards have the simplest rewards structure. They award the how to find my routing number citizens bank same amount of cash back on all purchases. Obviously, the higher the rate, the more cash you get back.

If, for example, you earn 2% on all purchases and you charge $10,000 to the card in one year, you’d accrue $200 in cash back. moneylion customer support Credit card companies can modify those rates at any time, however.

Tiered cash-back credit cards

Other cards offer higher percentages on purchases in certain categories such as groceries, drugstore items, and gas, or for purchases from selected merchants. Some even feature bonuses for the first purchase or bonuses for spending a certain amount in a year. These are known as tiered cash-back credit cards.

Cash-back credit cards with rotating categories

These cards are a type of tiered cash-back credit card. However, rather than having permanent categories for higher cash-back rewards, these cards rotate through different bonus categories throughout the year. Typically, card issuers will change the categories each quarter.

Cash-back credit cards with cardholder-choice categories

pinnacle plus financial reviews The final type of cash-back credit card also uses rotating categories, but it lets cardholders choose the category rather good cash back credit cards than leaving that choice to the card issuer. This provides for the most flexibility possible to maximize cash-back rewards.

How Do Cash-Back Credit Cards Work?

To make the most of the best cash-back credit cards, you need to understand the ins and outs of how they work. That means knowing what fine print to read and the best ways to redeem your cash back once it’s earned.

Cash-Back Credit Card Limitations

Most of these rewards cards have rules concerning usage and redemption. Here are a few to know:

Cap limitations

Some of these cards have a limit on the cash back you can get monthly, annually or both. For instance, an annual cap may mean penn state berks gym hours you can’t earn any more than $600 per year. However, many of the best cash-back credit cards don’t have caps.

Redemption minimums

Sometimes you have to charge a certain amount on the card before online bank accounts like chime your reward takes effect or before you can redeem your reward. With some cards, you may redeem your reward each time you meet the minimum; with others, redemptions can be done monthly or annually.

Expiration dates

good cash back credit cards Expiration dates on the rewards themselves are not uncommon. On cards with a rewards expiration date, if you don’t retrieve your cash back by that time, you lose it.

Cash-Back Credit Card Fees

Cash-back rewards cards often have higher interest rates than cards without rewards, so it’s best to pay any balance off in its entirety every month. Otherwise, interest will eat away at your cash rewards and you won’t reap any true benefits.

Also, as with any credit card, check for the following fees and see which terms apply to them:

Annual fee

It’s not unusual for rewards credit cards to have annual fees. Before you pay an annual fee, make sure the value of the cash back you expect to receive will offset the cost.

Balance transfer fee

Some credit cards offer a 0% introductory APR on purchases and balance transfers. You won’t earn cash back on a balance transfer, and you could be charged a fee equal to 3-5% of the transferred amount. So make sure the interest savings will be enough to justify paying the balance transfer fee.

Foreign transaction fees

If you travel frequently, look for a card that doesn’t charge foreign transaction fees. These fees usually run anywhere from 3%-5% of your transaction amount. Keep in mind, too, that these good cash back credit cards good cash back credit cards will be assessed if you buy an item from a foreign website in foreign currency. We primarily think of these fees as only affecting you when you travel, but they can crop up when you’re shopping from the comfort of your own sofa.

How Cash-Back Credit Cards Give Cash Back

Your rewards with a cash-back credit card will most likely come in the form of cash. How you get that cash can depend on your card. Generally, you’ll have one or more of these options:

  • Statement credit
  • Paper check
  • Automatic deposit to bank account
  • Use of cash-back rewards to make purchases on partnering sites such as Amazon
  • Gift cards
  • Travel
  • Merchandise

Most of these methods result in a dollar-for-dollar redemption. In other words, if you have one dollar of cash back in your account, you get one dollar for a statement credit or one dollar off your Amazon order.

Travel and merchandise can be a little tricky, though, since it’s hard to know sometimes if you’re getting the best value for your money. As a general rule, redeeming your cash back for cash rather than merchandise is the best advice.

8 Smart Strategies: Getting the Most Out of Your Cash-Back Credit Card

cheap apartments in san jose How do you get the most out of a cash-back credit card?

cape ann savings bank gloucester massachusetts It starts by not having just one cash-back credit card. You’ll probably want two or even three to get the most money back.

If that sounds overwhelming, don’t worry. We have the process broken down into eight easy steps:

1. Select your cards

Start by selecting an everyday card. This will be a flat-rate cash-back card that is used for all your purchases except those covered by a tiered card’s bonus categories.

Then, look for one or two tiered cash-back cards or cards with rotating or customer-choice categories. You’ll want to find cards that offer the most cash back for the categories you shop most frequently, such as groceries or gas. However, don’t apply for any cards just yet.

2. Apply for your cards strategically

Now that you have your best cash-back credit cards selected, you need a strategy for when to apply.

Why? Because you want to be able to comfortably spend enough to earn each card’s welcome bonus and pay off the balance before any interest starts.

That means looking at your expected spending patterns and deciding when a particular card might be a good fit. mountain america credit union checking account number Do you have any big expenses coming up that would help meet that requirement? If so, time your application for the card a month before the purchase will be made.

Also take into consideration whether a card’s welcome bonus is higher than usual. Limited time offers are just that: limited. pay my comcast bill by account number We don’t know how long offers will last, so it’s best to apply right away if a card has an enhanced bonus available and the application fits well into your lifestyle and needs at that moment.

Keep in mind that a rash of applications can have a negative impact on your credit score. They could also raise a red flag to kentucky bank phone number good cash back credit cards card issuers who might think you’re in a financial crisis and desperate for money.

To improve the odds of having applications approved, some people recommend applying for two or three cards on the same day and then waiting three to four months before applying for any additional cards. Others suggest applying for only one card every six months. However, there is no magic number for how long to wait between applications since each card issuer has its own evaluation standards.

If you have excellent credit and a stellar on-time payment history, waiting between applications probably isn’t as important as it is for those with lower credit scores.

3. Separate cards in your wallet

As you receive and begin to use your cards, have a designated place in your wallet for each one. Storing them together increases the chances of pulling out the wrong one if you’re in discover high yield savings rate a rush in the store. Then, you’ll have earned only 1.5% cash back at the supermarket instead of the 6% you could have gotten if you’d pulled out the Blue Cash Preferred® Card from American Express

Using a removable label to note the card’s cash-back rate on the card itself can also be helpful. Whichever system you use, just be sure it makes it easy to quickly pull out the right card for each purchase.

4. Use cash-back cards for all your monthly bills

One way to maximize cash back is to use cards for monthly expenses in addition to everyday purchases. For instance, setting up payments from your Chase Freedom Unlimited®

It doesn’t make sense, though, to use a cash-back atm key bank card if a provider charges a fee for credit-card payments. There’s no reason to pay a 3% processing fee in order to get 1.5% cash back. The only exception might be to earn a welcome bonus. In that case, it might good cash back credit cards worthwhile to pay a fee if you’ll earn $150 or $300 as a result. However, always do the math first to be sure.

5. Change cards when you hit spending limits

Once you hit the spending limit for a particular category, switch to a new card. Otherwise, you could miss out on valuable cash back.

For example, let’s say you have a large family and charge $750 worth of supermarket purchases to your Blue Cash Preferred® Card from American Express

6. Create category and payment alerts

To ensure you don’t miss the opportunity to activate or choose categories, set a calendar reminder on your phone or armstrong bank ok. You can also set up payment alerts through most credit-card accounts, and these will issue reminders of upcoming due dates. Don’t forget that, with some cards, a missing or late payment could mean forfeiting some or all of your cash back.

7. Pay off your balance every month

free atm near me for chime Only charge expenses you can comfortably pay off each month. Once interest starts to accrue on an account, even the best cash-back credit card will cost more money than it earns in rewards. If you’re having trouble making payments, stop alliance bank of arizona cashiers check using the card until you have paid off the balance and determined what caused the problem.

8. Regularly reevaluate your current cards

The highest cash-back credit cards are constantly evolving. Terms change, rates and fees fluctuate and welcome offers come and go. It’s always smart to keep an eye open on what good cash back credit cards else is available for cash-back rewards. We also recommend doing a full evaluation of your cards once a year. Make sure they still align with your spending patterns and decide whether any annual fees you’re paying are worth the rewards local realty companies you’re reaping.

What Credit Score Do You Need for the Best Cash-Back Credit Cards?

happy 1st day of may In general, rewards credit cards require applicants to have good to excellent credit scores.

While the magic number will vary by issuer, a credit score at or above 700 is usually considered good, according to the credit reporting company Experian. Some cards, such as the Capital One QuicksilverOne Cash Rewards Credit Card

If your credit score is lower than 700, consider taking some time to improve your credit before applying for a cash-back credit card. A better credit score will put you in the running for the best cash-back credit cards.

Methodology

MoneyRates’ list of the best cash-back credit cards is certainly not exhaustive, because credit card terms change regularly. While there are other cash-back credit cards available, we’ve made it easier for you to review your options by analyzing a select group of some of the most popular and best credit cards with cash back. Factors we considered were weighted in the following order:

  • Percentage of cash back offered
  • Value of welcome bonus
  • Cost of annual fee
  • Bonus category options (greater weight given to cards with broad, rather than niche, categories)
  • Redemption options
  • Other card perks and benefits

To see the rates and fees for the American Express cards mentioned in this post, please visit the following links: American Express Cash Magnet® Card

About Author

Maryalene Laponsie

Источник: https://www.moneyrates.com/credit-card/best-credit-cards-cash-back.htm

The Best Cash Back Credit Cards Of November 2021

Best Cash Back Credit Cards of 2021

Best Overall

Chase Freedom Flex℠

Up to 5% Reward Rate

Earn 5% cash back on eligible purchases in rotating categories, 5% on Chase travel purchased through Chase Ultimate Rewards®, 3%Read More

Regular APR

14.99% - 24.74% Variable

Credit Score

Excellent, Good (700 - 749)

Why We Picked It

This card has the brawn to handle just about all of your credit card spending needs without an over-inflated price tag. The card has an annual fee of $0, yet comes with a pumped-up earnings structure that covers a wide swath of expenses including travel, drugstores and dining plus rotating quarterly bonus categories in areas many households are likely to find appealing.

Pros & Cons

  • No annual fee
  • Rotating quarterly categories earn 5% rewards when activated, up to a combined quarterly $1,500 maximum
  • Travel rewards rate rivals some of the best premium travel cards
  • Generous rewards rate in several other categories
  • Travel bookings must be made through Chase Ultimate Rewards® to earn 5% cash back

Card Details

  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • 3% cash back on dining at restaurants, including takeout and eligible delivery services
  • 3% cash back on drugstore purchases
  • 5% cash back on travel purchased through Chase Ultimate Rewards®, and 1% on all other purchases.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99% – 24.74%.
  • No annual fee.

Best for Automatic Bonus Categories

Citi Custom Cash℠ Card

Up to 5X Reward Rate

5% cash back on up to $500 in purchases in your top eligible spend category each billing cycle. All otherRead More

Regular APR

13.99% – 23.99% (Variable)

Credit Score

Excellent, Good (700 - 749)

Why We Picked It

The Citi Custom Cash is a great option for people looking to maximize cash back rewards without having to worry about activating or selecting bonus categories.

Pros & Cons

  • No registration required to earn bonus rewards
  • Cash back categories are unique categories that other cards may not offer bonus rewards for
  • Introductory APR on purchases and balance transfers
  • No annual fee
  • High balance transfer fee
  • High foreign transaction fee
  • Eligible bonus cash back categories are limited

Card Details

  • Earn $200 in cash back after you spend $750 on purchases in the first 3 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
  • 0% Intro APR on balance transfers and purchases for 15 months. After that, the variable APR will be 13.99% – 23.99%, based on your creditworthiness.
  • Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases.
  • No rotating bonus categories to sign up for – as your spending changes each billing cycle, your earn adjusts automatically when you spend in any of the eligible categories.
  • No Annual Fee
  • Citi will only issue one Citi Custom Cash℠ Card account per person.

Best for Supermarkets

Blue Cash Preferred® Card from American Express

Apply Now

On American Express's Secure Website

Apply Now

On American Express's Secure Website

Up to 6% Reward Rate

Earn 6% cash back at U.S. supermarkets, on up to $6,000 per year in purchases (then 1%); Earn 6% cashRead More

Annual Fee

$0 introductory annual fee for the first year, then $95.

Regular APR

13.99%-23.99% Variable

Credit Score

Excellent, Good (700 - 749)

Why We Picked It

Big spenders at US supermarkets and road warriors who frequently spend at US gas stations or transit like taxis, rideshares or transit can rack up impressive cash back rewards.

Pros & Cons

  • High cash back rewards in some categories
  • No enrollment is required, cash back is automatic
  • 6% cash back at US supermarkets is capped at $6,000 in annual spending
  • 2.7% foreign transaction fee
  • Very high cash advance fee

Card Details

  • Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%
  • 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.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.
  • See Rates & Fees

Best Welcome Bonus for Big Spenders

Discover it® Cash Back

Up to 5% Reward Rate

Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations andRead More

Welcome Bonus

Cashback Match™

Regular APR

11.99% - 22.99% Variable

Credit Score

Excellent/Good (700 - 749)

Why We Picked It

For moderate spenders who are willing to activate the 5% rotating categories and track the quarterly spending cap, this no-annual-fee card can deliver tidy rewards outside of its ongoing 1% earning rate.

Pros & Cons

  • 5% cash back on quarterly rotating spending categories throughout the year
  • Discover will automatically match all the cash back you’ve earned at the end of your first year
  • No minimum cashback redemption
  • 5% bonus cashback rate is limited to $1,500 per quarter in spending
  • Bonus categories must be activated quarterly
  • Low 1% base reward rate on everything else

Card Details

  • Intro Offer: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
  • Earn 5% cash back on everyday purchases at different places each southernmass credit union new bedford like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.
  • Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Redeem cash back in any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • #1 Most Trusted Credit Card according to Investor’s Business Daily.
  • No annual fee.
  • Discover is accepted nationwide by 99% of the places that take credit cards.
  • Click “Apply Now” to see rewards, FICO® Credit Score terms, Cashback Match™ details & other information.

Best for Dining and Entertainment

Savor Rewards Credit Card *

Savor Rewards Credit Card

Up to 4% Reward Rate

Earn unlimited 4% cash back on dining, entertainment and popular streaming services, 3% cash back at grocery stores and 1%Read More

Welcome Bonus

One-time $300 cash bonus

Regular APR

15.99% - 23.99% variable for purchases and balance transfers

Credit Score

Good/Excellent (700 - 749)

Why We Picked It

The Capital One Savor card is an ideal cash back credit card for those who love to splurge on bars, restaurants and an active social life. It's easy to justify the annual fee and accumulate great rewards with a remarkable 4% cashback rate on dining and entertainment (including popular streaming services), 3% cash back at grocery stores, and 1% cash back on all other purchases.

Pros & Cons

  • 4% cash back on eligible categories
  • Entertainment is a rare rewards category
  • No foreign transaction fees
  • Unlimited reward earnings
  • Annual fee
  • No introductory APR for purchases or balance transfers
  • Higher standard APR

Card Details

  • Earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening
  • Earn unlimited 4% cash back on dining, entertainment and popular streaming services
  • Earn unlimited 3% cash back at grocery stores
  • Earn unlimited 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

Best for Amazon Prime Members

Amazon Prime Rewards Visa Signature Card *

Up to 5X Reward Rate

Earn 5% Back at Amazon.com and Whole Foods Market; Earn 2% Back at restaurants, gas stations, and drugstores; Earn 1%Read More

Welcome Bonus

$200 Amazon.com Gift Card

Annual Fee

$0 with Prime membership

Regular APR

14.24% - 22.24% variable

Credit Score

Good/Excellent (700 - 749)

Why We Picked It

For existing Prime members who frequently shop at Amazon and Whole Foods, the 5% rewards rate is stellar. To further sweeten the deal, the Amazon Prime Rewards Visa Signature Card offers a 2% rewards category plus Visa Signature benefits.

Pros & Cons

  • Earn a welcome bonus without a spending requirement
  • No foreign transaction fee
  • Unlimited 5% back at Amazon and Whole Foods
  • Visa Signature benefits
  • No intro APR offer
  • 5% back excludes non-US Amazon sites
  • APR can be high, depending on your creditworthiness
  • High balance transfer fee

Card Details

  • Get a $200 Amazon.com gift card upon approval. Offer ends on November 30, 2021.
  • Earn 5% back at Amazon.com and Whole Foods Market with an eligible Prime membership, 2% back at restaurants, gas stations, and drugstores and earn 1% back on all other purchases
  • No minimum rewards balance required to redeem
  • Use Amazon Rewards to pay for all or part of your purchase
  • Visa Signature Concierge service

Best for Walmart Online Shoppers

Capital One® Walmart Rewards® Card *

Capital One® Walmart Rewards® Card

Up to 5% Reward Rate

Earn 5% back on Walmart.com & in the Walmart app, including Grocery Pickup and Delivery; Earn 2% back on restaurantsRead More

Welcome Bonus

5% cash back for the first 12 months

Regular APR

17.99% - 26.99% Variable APR on purchases and balance transfers

Credit Score

Fair (650 - 699)

Why We Picked It

The card offers excellent rewards for those who frequently shop at Walmart, particularly online. With no annual fee, it's a sweet deal to earn up to 5% cash back.

Pros & Cons

  • Up to 5% cash back
  • 2% cash back at restaurants and travel
  • No annual fee or foreign transaction fee
  • Applicants with average credit may qualify
  • Base reward rate of 1% could be better
  • High to very high APR, depending on creditworthiness
  • No intro APR offer

Card Details

  • Earn 5% cash back in Walmart stores for the first 12 months when you use your Capital One® Walmart Rewards
  • 17.99% – 26.99% Variable APR on purchases and balance transfers
  • No annual fee
  • 5% back on Walmart.com & in the Walmart app, including Grocery Pickup and Delivery
  • 2% back on restaurants and travel, and at Walmart Stores, Walmart & Murphy USA Fuel Stations
  • 1% back everywhere else Mastercard® is accepted
  • Ways to redeem rewards: Use rewards during checkout at Walmart.com, redeem for a purchase, get an account credit, redeem for gift cards from Walmart or other retailers, or redeem for flights, hotels, and car rentals
  • $0 fraud liability: If your card is ever lost or stolen, you won’t be responsible for fraudulent purchases
  • Capital One Mobile app: Pay your bill, get real-time purchase notifications, lock or unlock your card and more.

Best For Choosing Your Own Bonus Categories

U.S. Bank Cash+™ Visa Signature® Card *

Up to 5X Reward Rate

Earn 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose (1%Read More

Regular APR

13.99% - 23.99% Variable APR on purchases and balance transfers

Credit Score

Good/Excellent (700 - 749)

Why We Picked It

Considering that the U.S. Bank Cash+™ Visa Signature® Card has no annual fee, it offers impressive cash back rewards potential. One caveat - be sure to opt into your preferred bonus categories each quarter, or you'll be stuck with the base rate of 1%.

Pros & Cons

  • Up to 5% cash back in eligible categories
  • Unlimited 2% cash back in different eligible categories
  • Welcome bonus: Earn a $200 rewards bonus after you apply online and spend $1,000 in eligible purchases within the first 120 days of account opening
  • Introductory APR on balance transfers
  • No annual fee
  • 5% cash back rate limited to first $2,000 in eligible purchases each quarter in chosen categories
  • Foreign transaction fee
  • Balance transfer fee

Card Details

  • Earn a $200 rewards bonus after you apply online and spend $1,000 in eligible purchases within the first 120 days of account opening
  • 0% Intro APR on balance transfers for 18 the first 12 billing cycles
  • No annual fee
  • Earn 5% cash back on your first $2,000 in combined eligible purchases each quarter on two eligible categories you choose (1% thereafter)
  • Earn 2% cash back on one eligible everyday category, like gas stations, grocery stores or restaurants
  • Earn 1% cash back on all other eligible purchases

Best for Expats and Digital Nomads

HSBC Cash Rewards Mastercard® credit card *

Unlimited 1.5X Reward Rate

Earn unlimited 1.5% cash back on all purchases

Welcome Bonus

3% cash back

Regular APR

13.99% - 23.99% variable

Credit Score

Good/Excellent (700 - 749)

Why We Picked It

The HSBC Cash Rewards made our list especially for expats or digital nomads because HSBC has branches in 64 countries. Combine the global presence with a simple earnings structure and you've got an easy option when you are not US based.

Pros & Cons

  • Simple 1.5% cash back earning zip code for rockland ma all spending
  • No annual fee
  • No foreign transaction fees
  • Complimentary ShopRunner membership included
  • Mobile phone protection
  • No traditional welcome bonus
  • 3% cash back in the first year is limited to $10,000 in good cash back credit cards Details

    • Earn unlimited 1.5% cash back on all purchases.
    • Earn an introductory 3% cash back on all purchases in the first 12 months from account opening, up to the first $10,000 in purchases.
    • 0% introductory APR on purchases and balance transfers for the first 12 months from account opening.
    • No annual fee or foreign transaction fees.
    • Terms Apply.

Best for Big(ish) Spenders

Alliant Cashback Visa Signature Credit Card *

Up to 2.5% Reward Rate

Those eligible for Tier 1 Rewards earn 2.5% cashback on the first $10,000 of qualifying eligible purchases per billing cycleRead More

Regular APR

12.24% - 22.24% Variable APR on purchases and balance transfers

Credit Score

Excellent (750 - 850)

Why We Picked It

If you regularly rack up your monthly balance, the 2.5% return on the Alliant card is hard to beat. The downsides are that excellent credit is recommended before you apply for the card and the lack of a welcome bonus.

Pros & Cons

  • Near-unbeatable 2.5% cash back rate on up to $10,000 in monthly purchases for eligible accounts (then 1.5%)
  • No foreign transaction fees
  • Generous credit line
  • No intro APR offer
  • No welcome bonus
  • Companion savings account and minimum daily balance required to earn the maximum rate

Card Details

  • When you pay for your trip with your Alliant Signature card, you’ll have $250,000 of travel accident insurance
  • Earn up to 2.5% cash back with no categories to track on up to $10,000 in purchases each billing cycle with qualifying accounts. All other purchases earn 1.5%
  • Cash back can be redeemed at a minimum of $25 per redemption transaction
  • You can choose to receive cash back from your Alliant credit card via a credit card statement credit (appearing within one billing cycle) or as a deposit into your Alliant checking or savings
  • Up to $5,000 of Personal Identity Theft Protection for covered expenses to restore your identity
Источник: https://www.forbes.com/advisor/credit-cards/best/cash-back/
This page is a marketplace where our partners can highlight their current card offers. The reviews and insights represented are editorial, but the order in which cards appear on the page may be influenced by compensation we may receive from our partners.

For many, cash back is king. With the right card, you can earn money back on where you spend the most — whether that be the grocery store, on takeout or gas. Here are the top cash-back credit cards from our partners that you can use to maximize your everyday purchases. As always, check out our best credit cards overall for monthly offers.

Terms & restrictions apply.See rates & fees

BEST REWARDS RATE FOR A CASH-BACK CARD

2% cash-back

  • 2% Earn unlimited 2% cash rewards on purchases

$200 cash rewards

$200 cash rewards

670-850

Excellent, Good

670-850

Excellent, Good

Why we chose it

If you’re interested in opening a cash-back card but are confused by other options that discuss “rotating categories” or “spending limits,” make your life easier with the Wells Fargo Active Cash card. Earn 2% cash rewards on every purchase and turn your rewards into cash-back that can help you lower your everyday expenses or treat yourself to a gift — from you, to you.

Pros

  • There’s no annual fee, meaning that you can keep your costs low while focusing on earning rewards

Cons

  • Don’t take this card abroad with you, as this card incurs a 3% foreign transaction fee
  • New! Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months
  • Earn unlimited 2% cash rewards on purchases
  • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 14.99% to 24.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5
  • $0 annual fee
  • No category restrictions or sign ups and cash rewards don't expire as long as your account remains open
  • Enjoy a premium collection of benefits at a selection of the world's most intriguing and prestigious hotel properties with Visa Signature Concierge
  • Get up chase credit card fraud number $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 Active Cash℠ Card
  • Select "Apply Now" to learn more about the product features, terms and conditions

Pros

  • There’s no annual fee, meaning that you can keep your costs low while focusing on earning rewards

Cons

  • Don’t take this card abroad with you, as this card incurs a 3% foreign transaction fee
  • New! Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months
  • Earn unlimited 2% cash rewards on purchases
  • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 14.99% to 24.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5
  • $0 annual fee
  • No category restrictions or sign ups and cash rewards don't expire as long as your account remains open
  • Enjoy a premium collection of benefits at a selection of the world's most intriguing and prestigious hotel t mobile app update with Visa Signature Concierge
  • 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 Active Cash℠ Card
  • Select "Apply Now" to learn more about the product features, terms and conditions

Terms & restrictions apply.See rates & fees

Best for gas, supermarkets, and select streaming services cash back in the U.S.

1 - 6% cash-back

  • 6% 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
  • 6% 6% Cash Back on select U.S. streaming subscriptions
  • 3% 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more
  • 3% 3% Cash Back at U.S. gas stations
  • 1% 1% Cash Back on other purchases

$300

$300

$0 introductory annual fee for the first year, then $95.

670-850

Excellent, Good

670-850

Excellent, Good

Why we chose it

The Blue Cash Preferred Card is one of the best cash-back credit cards on the market. You’ll get a great return across a wide range of bonus categories, a solid welcome bonus and a low annual fee.

Pros

  • This card has one of the best earning structures out for among cash-back credit cards.
  • $0 intro annual fee for the first year, then $95
  • The card comes with access to Amex Offers (activation required), which can save you even more money on specific purchases.

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with large grocery budgets.
  • You’ll have to pay a foreign transaction fee on international purchases, so it’s not a great choice when you’re traveling abroad.
  • Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%
  • 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.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.
  • See Rates & Fees

Pros

  • This card has one of the best earning structures out for among cash-back credit cards.
  • $0 intro annual fee for the first year, then $95
  • The card comes with access to Amex Offers (activation required), which can save you even more money on specific purchases.

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with large grocery budgets.
  • You’ll have to pay a foreign transaction fee on international purchases, so it’s not a great choice when you’re traveling abroad.
  • Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%
  • 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.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.
  • See Rates & Fees

Terms & restrictions apply.See rates & fees

Best for beginner cash back

1 - 3% cash-back

  • 3% 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% 2% cash back at U.S. gas stations and at select U.S. department stores.
  • 1% 1% Cash Back on other purchases

$200

$200

670-850

Excellent, Good

670-850

Excellent, Good

Why we chose it

The Blue Cash Everyday card is a good option for people who want a simple cash-back structure with no annual fee. You’ll earn bonus cash-back on popular bonus categories, including U.S. supermarkets and U.S. gas stations.

Pros

  • 3% cash back at U.S. supermarkets
  • No annual fee.
  • Unlimited 2% cash back at U.S. gas stations and select U.S. department stores.
  • Amex Offers, which earn you statement credits or extra points on purchases with a wide variety of merchants. (Enrollment required)

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with larger annual grocery spend.
  • You’ll have to pay a foreign transaction fee on purchases abroad, so it’s not a great choice to take with you when traveling outside of the U.S.
  • Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 15 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%.
  • 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% Cash Back on other purchases.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits.
  • No annual fee.
  • Terms Apply.
  • See Rates & Fees

Pros

  • 3% cash back at U.S. supermarkets
  • No annual fee.
  • Unlimited 2% cash back at U.S. gas stations and select U.S. department stores.
  • Amex Offers, which earn you statement credits or extra points on purchases with a wide variety of merchants. (Enrollment required)

Cons

  • There is a $6,000 spending cap on the U.S. supermarket bonus category, which may not work for those with larger annual grocery spend.
  • You’ll have to pay a foreign transaction fee on purchases abroad, so it’s not a great choice to take with you when traveling outside of the U.S.
  • Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 15 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%.
  • 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% Cash Back on other purchases.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits.
  • No annual fee.
  • Terms Apply.
  • See Rates & Fees

1.5% cash-back

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

$200

$200

670-850

Excellent, Good

670-850

Excellent, Good

Why we chose it

The Capital One Quicksilver Cash Rewards Credit Card is a decent option for those in need of a straightforward cash back card. However, there are other options that offer more flexibility to redeem your rewards.

Pros

  • Unlimited 1.5% cash back on all purchases
  • No annual fee
  • Cash back doesn't expire

Cons

  • Limited card perks and benefits
  • Other cards offer more potential and upside when it comes to redeeming cash back
  • One-time $200 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
  • 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 and balance transfers for 15 months; 14.99%-24.99% variable APR after that
  • $0 annual fee and no foreign transaction fees

Pros

  • Unlimited 1.5% cash back on all purchases
  • No annual fee
  • Cash back doesn't expire

Cons

  • Limited card perks and benefits
  • Other cards offer more potential and upside when it comes to redeeming cash back
  • One-time $200 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
  • 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 and balance transfers for 15 months; 14.99%-24.99% variable APR after that
  • $0 annual fee and no foreign transaction fees

1.5 - 5% cash-back

  • 5% 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 5% 5% on travel purchased through Chase Ultimate Rewards®.
  • 3% 3% cash back on dining at restaurants, including takeout and eligible delivery services and on drugstore purchases.
  • 1.5% Unlimited 1.5% cash back on all other purchases.

$200

$200

670-850

Excellent/Good

670-850

Excellent/Good

Why we chose it

The Chase Freedom Unlimited is a surprisingly powerful card that earns at least 1.5% back on everything. However, it becomes a standout card if you pair it with a card that earns transferable Ultimate Rewards points, doubling their potential value.

Pros

  • At least 1.5% back on every purchase, with up to 3% back on select categories.
  • There is no annual fee - Perfect for everyday, non-bonused spending - incredible value when paired with a premium Chase card.

Cons

  • There is a foreign transaction fee so the card shouldn't be used abroad.
  • Limited card perks and benefits.
  • $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 3% cash back on dining at restaurants, including takeout and eligible delivery services
  • 3% cash back on drugstore purchases
  • 5% on travel purchased through Chase Ultimate Rewards®
  • Unlimited 1.5% cash back on all other purchases
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99% - 24.74%.
  • No annual fee.

Pros

  • At least 1.5% back on every purchase, with up to 3% back on select categories.
  • There is no annual fee - Perfect for everyday, non-bonused spending - incredible value when paired with a premium Chase card.

Cons

  • There is a foreign transaction fee so the card shouldn't be used abroad.
  • Limited card perks and benefits.
  • $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 3% cash back on dining at restaurants, including takeout and eligible delivery services
  • 3% cash back on drugstore purchases
  • 5% on travel purchased through Chase Ultimate Rewards®
  • Unlimited 1.5% cash back on all other purchases
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99% - 24.74%.
  • No annual fee.

Best for entertainment cash back

1 - 8% cash-back

  • 8% Earn 8% cash back on tickets at Vivid Seats through January 2023.
  • 3% Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®).
  • 1% Earn 1% on all other purchases.

$200

$200

670-850

Excellent, Good

670-850

Excellent, Good

Why we chose it

The Capital One SavorOne is a great cash-back credit card for beginners looking for a solid cash back structure and no annual fee. Dining, entertainment and groceries are high-value bonus categories, and it’s rare for a card to hit all three.

Pros

  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases
  • This card is better for beginners since it’s easier to be approved for than the Capital One Savor Cash Rewards Credit Card.
  • The intro APR offer that comes with this card makes it a solid choice for those looking to finance a large purchase. You’ll get 0% intro APR on purchases and balance transfers for the first 15 months (14.99% - 24.99% variable APR after).

Cons

  • If you spend a lot on dining and entertainment each year, the Savor is the better value since it earns higher rewards.
  • The sign-up bonus isn’t anything to write home about (though it is easy to earn).
  • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023
  • 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 fifth third bank car loan customer service number and balance transfers for 15 months; 14.99% - 24.99% variable APR after that
  • No foreign transaction fee
  • No annual fee

Pros

  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases
  • This card is better for beginners since it’s easier to be approved for than the Capital One Savor Cash Rewards Credit Card.
  • The intro APR offer that comes with this card makes it a solid choice for those looking to finance a large purchase. You’ll get 0% intro APR on purchases and balance transfers for the first 15 months (14.99% - 24.99% variable APR after).

Cons

  • If you spend a lot on dining and entertainment each year, the Savor is the better value since it earns higher rewards.
  • The sign-up bonus isn’t anything to write home about (though it is easy to earn).
  • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023
  • 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 and balance transfers for 15 months; 14.99% - 24.99% variable APR after that
  • No foreign transaction fee
  • No annual fee

Best for small business spending

1 - 5% cash-back

  • 5% Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • 2% Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • 1% Earn 1% cash back on all other card purchases with security bank savings contact number limit to the amount you can earn

$750

$750

670-850

Good, Excellent

670-850

Good, Excellent

Why we chose it

The Chase Ink Business Cash is an excellent no annual fee card for small business owners. Cardholders can earn 5% cash back on office supplies and select utilities, as well as 2% cash back at restaurants and gas stations.

Pros

  • The current sign-up bonus on this card is an impressive $750. TPG values it at $1,500, not including any points you may earn from the valuable bonus categories.
  • There is no annual fee which is perfect for small business owners.
  • You’ll earn 5% at office supply stores and on common monthly bills such as internet, cable and phone services. Plus, you’ll earn 2% cash back at gas stations and restaurants each account anniversary year.

Cons

  • 5% cash back earned on certain categories is capped at the first $25,000 you make in combined purchases each account anniversary year.
  • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®
  • 0% introductory APR for 12 months on purchases

Pros

  • midfirst bank careers The current sign-up bonus on this card is an impressive $750. TPG values it at $1,500, not including any points you may earn from the valuable bonus categories.
  • There is no annual fee which is perfect for small business owners.
  • You’ll earn 5% at office supply stores and on common monthly bills such as internet, cable and phone services. Plus, you’ll earn 2% cash back at gas stations and restaurants each account anniversary year.

Cons

  • 5% cash back earned on certain categories is capped at the first $25,000 you make in combined purchases each account anniversary year.
  • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®
  • 0% introductory APR for 12 months on purchases
Источник: https://thepointsguy.com/credit-cards/cash-back/
  • Comparing
    Summary of the Best Cashback Credit Cards

  • Choosing
    How To Pick the Best Cashback Card for You

According to our analysis of the market, the following cards stand out as objectively the best for certain purposes. The best card for you will depend on your individual situation and spending patterns. Please use the information in this guide to learn about differences between products and help you narrow down your choices.

Best Overall & No Fee Cashback Credit Cards

In our opinion, the following cards offer the best cashback rewards in their respective categories. We have modeled their features to estimate annual rewards, based on average UK household charges of around £1,800 a month. Our calculations incorporate all relevant annual fees, rewards rates, bonuses, etc. Actual results will vary depending on how you use a card.

Overall Cashback: Platinum Cashback Card from American Express

Consider this if you want some of the best, and easiest, cashback rewards.

Purchase Rate (variable)22.9%
0% on Purchases for up ton/a
0% on Balance Transfers for up ton/a
Initial Balance Transfer Feen/a
FX Fee2.99%
Cash Fee3% (min £3)

The Platinum Cashback Card by American Express is one of our favourite overall cashback cards not only for the great rewards across all categories but also because it pays out rewards as statement credits. Over the long-term, the card earns 1% or 1.25%, depending on your level of spending. You can also take advantage of the welcome offer of 5% for the first three months (up to £125 cashback). Despite the relatively modest £25 annual fee, we have calculated the Platinum Cashback card can earn the average UK household around £535 over the first two years. Those looking for a simple, flexible, rewarding cashback program won't find an easier card.

Cashback is not earned on cash advances, balance transfers, travellers' cheques, FX transactions, interest, any spending above your credit limit, charges for returned payments, late payment or referral charges and finance charges.

Pros
  • 1% cashback rate on purchases up to £10,000 per year
  • 1.25% cashback rate on purchases over £10,001 per year
  • 5% intro cashback rate up to £125 reward
Cons
  • Amex not accepted everywhere

Best Cashback Card with No Annual Fee: Platinum Cashback Everyday Card from American Express

Consider this if you want solid, easy cashback rewards on a free card.

Purchase Rate (variable)22.2%
0% on Purchases for up ton/a
0% on Balance Transfers for up ton/a
Initial Balance Transfer Feen/a
FX Fee2.99%
Cash Fee3% (min £3)

The Platinum Cashback Everyday card from American Express is a great cashback card for those spending less than £10,000 a year. While it sports lower cashback rates than our top overall pick and its sister card, the Platinum Cashback card, the lack of annual fee makes it a surefire winner for smaller spenders. The Platinum Cashback Everyday card offers long-term cashback rates of 0.5% to 1%. As cashback comes in the form of statement credits, the card is a good choice for those desiring a simple rewards card.

Cashback is not earned on cash advances, balance transfers, travellers' cheques, FX transactions, interest, any spending beyond your credit limit, charges for returned payments, late payment or referral charges and finance charges.

Pros
  • 0.5% cashback rate on purchases up to £5,000 per year
  • 1% cashback rate on purchases over £5,001 per year
  • 5% intro cashback rate up to £100 reward, in first three months
  • No annual fee
Cons
  • Amex not accepted everywhere

Best Store Cashback Cards for Food (Dining and Groceries)

If, like many people, you spend a lot of your budget on food you might benefit from a credit card that rewards extra for dining and/or grocery spending. Depending on your particular needs, one of these cards could turn out to be quite rewarding for you.

Amex Nectar Credit Card

Consider this if you want a credit card for earning Nectar points at any grocery chain.

Purchase Rate (variable)27.3%
0% on Purchases for up ton/a
0% on Balance Transfers for up ton/a
Initial Balance Transfer Feen/a
FX Fee2.99%
Cash Fee3% (min £3)

The Nectar Credit Card is probably the most flexible grocery credit card, because unlike other grocery-related credit cards, the Nectar card gives you the same approximate 1% rewards rate on all shopping. So you can shop at any grocery store you want and also use the card for general spending and earn the same rate. Most grocery loyalty credit cards only give this type of rate on your in-store spending.

The first year with the card is the most valuable—the fantastic welcome bonus of 20,000 Nectar points (earned when you spend £2,000 in the first three months) is worth around £100, more than any other grocery welcome bonus. While you are not limited in how you earn points, you can only redeem points at one grocery chain (Sainsbury's) or other Nectar partners. Cardholders can expect to earn Nectar points worth around £450 in their first two years with the card, assuming £20,000 of annual spend which is approximately the amount that the average UK household can spend on a credit card.

Pros
  • Earn 2 Nectar points for almost every £1 spent (£1 minimum), in addition to Nectar points earned through the Nectar loyalty program when shopping at Nectar partners (approx. 1% rewards rate)
  • Earn 1 Nectar point for every £1 spent at warehouse retailers (approx. 0.5% rewards rate)
  • Welcome offer of 20,000 Nectar points when you spend £2,000 in the first three months (worth approx. £100)
  • Access to Global Assist for help when you travel abroad
  • Purchase Protection will repair or replace any damaged or stolen items within 90 days of purchase
  • £25 annual fee (waived first year)
Cons
  • Amex not accepted everywhere

Sainsbury's Nectar Credit Card

Consider this if you want one of the longest purchases periods.

Purchase Rate (variable)20.9%
0% on Purchases for up toup to 17 months
0% on Balance Transfers for up to3 months
Initial Balance Transfer Fee3%
FX Fee2.75%
Cash Fee3% (min £3)

The Sainsbury's Nectar Credit Card is currently offering one of the longest interest-free period on purchases, at up to 17 months, in order to spread the cost of your purchases without incurring any interest charges. In addition to the long interest-free period, cardholders can earn solid 1% rewards on their Sainsbury's shopping and fuel. You will earn Nectar points on other spending, but those rewards are barely worth mentioning, estimated at 0.1%. While this card also offers balance transfer functionality, this is not where the card shines; the balance transfer fee is high at 3% for 3 months. If you are primarily interested in a balance transfer there are better offers available. If you need a purchases card, the Sainsbury's Purchase card is often the best and longest offer available, with the added benefit of earning Nectar points on purchases. Unlike some other cards, if you are accepted you will receive the full up to 17 months at 0%.

Pros
  • Long 0% promotional period for purchases
  • Earn 3 Nectar points for every £1 spent at Sainsbury’s when you use this card and swipe your Nectar card
  • Earn 1 Nectar point for every £5 spent outside Sainsbury’s
  • Welcome Bonus: Collect 10,000 bonus points when you use your card to spend a total of £400 or more at Sainsbury’s, Argos or Tu Clothing during the 2 months after your account is opened.
Cons
  • May get a shorter promotional period

How Does Cashback Work?

Cashback is the most flexible and easiest-to-use of the rewards systems. Cashback cards return a percentage of your spending made using the card. Often, the percentage varies by spending location or category (e.g., the Asda Cashback Plus card pays 2% on Asda spending and 0.2% on non-Asda spending) or by category (e.g., The Costco TrueEarnings card pays 3% on dining, 2% on travel, and 1% elsewhere). "True" cashback is paid as a statement credit but sometimes cashback is paid to you via store vouchers (e.g., Asda and Costco).

How the Best Cashback Rewards Cards Compare

To compare the cashback credit cards listed above, we calculated the cashback the average UK consumer would earn on each one. First, we gathered data on the average household expenditures across different spending categories (e.g., food, dining, petrol, etc.) based on the "Family Spending, 2018 Edition" report from the Office of National Statistics. We found that the average UK household has about £22,000 of expenses that can be charged to a credit card. After organizing the data into bonus categories, we applied each card's respective cashback rates.

The chart below shows the cards ranked according to these estimated cashback rewards over two years, for the average UK household.

A chart comparing the estimated cashback rewards over 2 years for the best UK cashback credit cards, based on average UK household spending

Cashback Rewards over 2 Years

While the Platinum Cashback Card by American Express is the clear winner in terms of annual rewards for the average UK consumer, individuals with different spending patterns may find the highest value on a different card. For example, those who eat out at restaurants regularly or spend a significant amount of their budget on travel may very well extract more cashback rewards from the Costco TrueEarnings card. You need to consider the different features of each card, and how they may benefit you personally.

How to Choose the Best Cashback Card for You

Choosing the best cashback credit card for you will depend on your individual needs and spending habits. In particular, when looking across the cashback cards you should keep in mind these two factors:

  • where you spend your money (e.g., restaurants, a specific grocery store, petrol, etc.)
  • the type of cashback you prefer (i.e., store vouchers or statement credits)

Some of the cashback credit cards listed here have no annual fee, so it is feasible to take out more than one card in order to optimize your rewards across different spending categories. Additionally, as many of the cashback cards are issued by American Express, which isn't accepted everywhere, a Mastercard or Visa cashback card may come in handy when your Amex has to stay in your wallet.

Those looking for a simple bank of america merrill lynch credit card program should focus on the cashback programs that deliver rewards as statement credits or store vouchers. But while statement credits might be simpler, they are not necessarily better for you. Many people love the idea of heading out to shop with a big voucher in their wallet. It all depends on your personal preferences.

Erin Yurday

Erin Yurday is the CEO, Co-founder and Editor of NimbleFins. Prior to NimbleFins, she worked as an investment professional and as the finance expert in Stanford University's Graduate School of Business case writing team. Read more on LinkedIn.

Источник: https://www.nimblefins.co.uk/best-cashback-credit-cards

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