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Best Cash Back Credit Cards of November 2022 (Updated monthly)

Best Cash Back Credit Cards of November 2022 (Updated monthly)

The Wells Fargo Active Cash® Card is the best cash back credit card and gives you the same high rate of cash back on every purchase.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. Citi is an advertising partner.

Wells Fargo Active Cash® Card

Blue Cash Preferred® Card from American Express

Chase Freedom Unlimited®

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Cash back credit cards let consumers earn a percentage of rewards for every dollar they spend, and they often come with other perks and protections. Since the rewards are valuable and typically easy to redeem, cash back cards are one of the most popular types of credit cards. We highlight the top cash back credit cards of 2022 below.

Compare the best cash back credit cards of 2022

Welcome Offer
Credit Needed
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Annual Fee
Wells Fargo Active Cash® Card
Wells Fargo Active Cash<sup>®</sup> Card
Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months660 - 850$0
Apply Now
See Rates & Fees. On Wells Fargo's Secure Website
Blue Cash Preferred® Card from American Express
Blue Cash Preferred<sup>®</sup> Card from American Express
Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.660 - 850$0 intro annual fee for the first year, then $95 See Rates & Fees.
Apply Now
See Rates & Fees. Terms Apply. On American Express' Secure Website
Chase Freedom Unlimited®
Chase Freedom Unlimited<sup>®</sup>
Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That’s 6.5% on travel purchased through Chase Ultimate Rewards®, 4.5% on dining and drugstores, and 3% on all other purchases.660 - 850$0
Apply Now
On Chase's Secure Website
Compare all cards
Welcome Offer
Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months
Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
Credit Score Needed
?
660 - 850
660 - 850
Annual Fee
$0
$0 intro annual fee for the first year, then $95 See Rates & Fees.
Apply Now
See Rates & Fees. On Wells Fargo's Secure Website
Apply Now
See Rates & Fees. Terms Apply. On American Express' Secure Website

Best cash back credit card overall and for a flat-rate

Wells Fargo Active Cash® Card

See Rates & Fees. On Wells Fargo's Secure Website

Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months

$0

18.74%, 23.74%, or 28.74% variable APR

660 - 850

  • 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 18.74%, 23.74%, or 28.74% 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 categories to track or remember 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 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card. (subject to a $25 deductible).
  • Select “Apply Now” to learn more about the product features, terms and conditions

  • High rate of cash back on every purchase
  • 15-month intro APR on balance transfers and new purchases
  • Cell phone protection up to $600 with a $25 deductible
  • Earn unlimited 2% cash rewards on purchases
  • $0 annual fee
  • Regular APR of up to 18.74%, 23.74%, or 28.74% variable APR
  • No bonus categories
  • Charges a foreign transaction fee of 3%

Our choice for the best cash back credit card overall and with the best flat-rate is the Wells Fargo Active Cash® Card. It lets you Earn unlimited 2% cash rewards on purchases or activations without charging an annual fee. Plus, it includes valuable cell phone protection with a $25 deductible, which is smaller than most competitors.


Best cash back credit card for groceries

Blue Cash Preferred® Card from American Express

See Rates & Fees. Terms Apply. On American Express' Secure Website

Earn a $250 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

17.74%-28.74% Variable

660 - 850

  • Earn a $250 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 intro 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 eligible 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, 17.74% to 28.74%
  • 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.
  • Thinking about getting The Disney Bundle which includes Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $13.99 or more each month on an eligible subscription with your Blue Cash Preferred Card. Enrollment required.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.

For rates and fees of Blue Cash Preferred® Card from American Express, please click here

Pros

  • Earn up to 6% cash back at U.S. supermarkets
  • Rewards can be redeemed at statement credits to offset purchases
  • Get up to $120 in Equinox+ credits (enrollment required)
  • Return protection up to $300 per item for 90 days
  • Generous welcome offer
  • Intro APR of 0% on purchases for 12 months followed by an APR of 17.74%-28.74% Variable
  • A $0 intro annual fee for the first year, then $95 annual fee applies
  • 6% category is only for U.S. grocery stores, and a $6,000 annual limit applies, then you earn 1%
  • You can only redeem your rewards for statement credits (min $25)
  • Charges a foreign transaction fee of 2.7% of each transaction after conversion to US dollars.

The Blue Cash Preferred® Card from American Express offers one of the highest rates of cash back around for U.S. supermarket purchases. You'll earn 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. Terms apply. Cash back redeemable for statement credits. New cardholders also get a generous welcome offer, which more than covers the annual fee in the first year.


Best 1.5% cash back credit card

Chase Freedom Unlimited®

On Chase's Secure Website

Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That’s 6.5% on travel purchased through Chase Ultimate Rewards®, 4.5% on dining and drugstores, and 3% on all other purchases.

$0

17.99% - 26.74% Variable

660 - 850

  • INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
  • Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
  • After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.99% - 26.74%
  • No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
  • Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.

  • Unlimited 1.5% cash back on most purchases.
  • Bonus cash back on additional categories, including 3% on dining
  • Purchase protection against damage or theft of up to $500 per claim for 120 days
  • Extended warranty for one year on eligible items
  • Earns valuable, flexible Ultimate Rewards points
  • Save money with a 0% Intro APR on Purchases for 15 months (17.99% - 26.74% Variable APR thereafter)
  • Major cardholder benefits include purchase protection against damage or theft and extended warranties
  • Cannot transfer rewards to Chase airline and hotel partners
  • Charges a foreign transaction fee of 3% of each transaction in U.S. dollars
  • Some flat-rate cash back credit cards offer a higher rewards rate on everyday purchases

The Chase Freedom Unlimited® is our choice because you can earn up to 5% cash back on its bonus categories. Rewards can be redeemed for cash back, travel, gift cards and more. And when you pair it with a Sapphire or Ink Card, your rewards can be transferred to 14 airline and hotel partners for even more value.


Best cash back credit card for business

Capital One Spark Cash Plus

On Capital One's Secure Website

Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening

$150

N/A

720 - 850

  • Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening
  • Earn unlimited 2% cash back on every purchase, everywhere—with no limits or category restrictions
  • Comes with no preset spending limit, so it can adapt to your needs based on your spending behavior, payment history and credit profile
  • Earn an annual $200 cash bonus every year you spend $200,000 or more—that's enough to cover your annual fee and then some
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
  • Add employee cards for free, and earn unlimited 2% cash back from their purchases
  • $150 annual fee
  • Spark Cash Plus has no APR because your balance is due in full every month

  • Earn unlimited 2% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel
  • Does not charge an APR, but card must be paid in full each month.
  • Free employee cards with customized spending limits for each person
  • No foreign transaction fees
  • Extended warranty on eligible items
  • Generous cash bonus for new accounts
  • Redeem your rewards at any time and in any increments you want
  • Late fee of 2.99% if you don't pay the balance in full each month
  • An annual fee of $150
  • Large spending requirement to earn the full welcome bonus

The Capital One Spark Cash Plus is the best cash back card for businesses because it earns 2% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel. And, in addition to its large sign-up bonus, business owners with larger overhead can earn $200 each year that they spend at least $200,000 on the card.


Best cash back credit card for gas

Bank of America® Customized Cash Rewards credit card

On Bank of America's Secure Website

$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening

$0

16.99% - 26.99% Variable APR

660 - 850

  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
  • Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
  • If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.   
  • No annual fee and no expiration on rewards.
  • New longer intro period! 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.99% - 26.99% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

 

  • Choose your 3% category each month — gas, online shopping, dining, travel, drug stores, or home improvement/furnishings
  • 15-month intro purchase and balance transfer APRs
  • You can change your 3% category each month online or through the mobile app
  • Bank of America Preferred Rewards members can earn an additional 25% to 75% in rewards with their card
  • Bonus categories are limited to the first $2,500 in combined spending each quarter
  • Card doesn’t come with many meaningful cardholder benefits
  • Must have at least $100,000 with Bank of America to earn highest bonus rewards

The Bank of America® Customized Cash Rewards credit card is the best business card for gas purchases because you'll earn up to 3% on your category of choice, including gas purchases. The card is especially rewarding for current Bank of America customers who qualify for the Preferred Rewards program — Preferred Rewards members can earn up to 5.25% on their gas purchases.arranty, purchase protections, and travel protections.


Best cash back credit card for fair credit

Petal® 2 Cash Back, No Fees Visa® Credit Card

On Petal's Secure Website

N/A

$0

Variable APR between 15.99% - 29.99%

See website for details

  • No fees whatsoever. No late fee, foreign transaction fee, annual fee, or any-other-kind-of-fee, fee.
  • Variable APRs range from 15.99% - 29.99%
  • Up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments.
  • 1% cash back on eligible purchases right away
  • 2% - 10% cash back at select merchants
  • $300 - $10,000 credit limits
  • No credit score? No problem. If eligible, we'll create your Cash Score instead.
  • See if you're pre-approved within minutes without impacting your credit score.
  • Build credit alongside hundreds of thousands of Petal card members.
  • Petal reports to all 3 major credit bureaus.
  • No deposits required
  • Card issued by WebBank, Member FDIC

  • Earn 1% cash back on eligible purchases right away, and 2% to 10% cash back at select merchants
  • $0 annual fee, no late fees and no hidden fees
  • Qualify for a line of credit between $500 and $10,000
  • Qualify with fair credit, limited credit and no credit history
  • No traditional sign-up bonus

The Petal® 2 Cash Back, No Fees Visa® Credit Card is geared towards consumers with fair credit, yet it is free of burdensome fees many credit cards in this category charge. You’ll also earn flat-rate rewards with this card that increases as you make on-time payments. You’ll Earn 1% cash back on eligible purchases right away, and 2% to 10% cash back at select merchants. We love the fact you won’t pay an annual fee on this card, and you can also utilize the card’s mobile app to monitor your spending and payments.


Best cash back credit card for poor, bad or limited credit

Discover it® Secured Credit Card

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Not available on ValuePenguin

Discover will match all the cash back you’ve earned at the end of your first year.

See terms

See terms

0 - 600

  • No credit score required to apply.
  • No Annual Fee, earn cash back, and build your credit with responsible use.
  • Establish your credit line by providing a refundable security deposit of at least $200. That means a $200 deposit for a $200 credit line. Or a $500 deposit for a $500 credit line. Bank information must be provided when submitting your deposit, and the security deposit equals your credit limit.
  • Automatic reviews starting at 7 months to see if we can transition you to an unsecured line of credit and return your deposit.
  • Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Discover helps remove your personal information from select people-search websites. Activate by mobile app for free.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • Click "Apply Now" to see terms and conditions.

  • No credit score required to apply
  • Earn cash back on every purchase
  • Bonus cash back on gas and dining
  • Automatic account reviews starting at seven months to graduate to an unsecured card
  • Easy approvals, even if you have 0 - 600 credit
  • Free FICO® credit score on your monthly statement
  • May qualify to upgrade to an unsecured card in as little as seven months
  • Cashback Match doubles all cash back earned in the first year
  • You’ll have to secure your line of credit with a cash deposit
  • Bonus rewards in the 2% category are limited to $1,000 in spending each quarter
  • No traditional credit card sign-up bonus

The Discover it® Secured Credit Card is an excellent cash back card for people with a poor/limited credit because credit limits start at $200 and you may qualify to convert your accounts to an unsecured card after just seven months. It earns up to 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically. While it doesn't offer a traditional welcome bonus, all of the cash back that you earn in the first year is doubled automatically.


Best cash back credit card with rotating categories

Discover it® Cash Back

Generic art
Not available on ValuePenguin

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.

See terms

See terms

660 - 850

  • 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, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Discover helps remove your personal information from select people-search websites. Activate by mobile app for free.
  • Every $1 you earn in cash back is $1 you can redeem.
  • Get a 0% intro APR for 15 months on purchases. Then 14.99% to 25.99% Standard Variable Purchase APR applies, based on credit worthiness.
  • No annual fee.
  • Click "Apply Now" to see terms and conditions.

  • Earn 5% cash back on the first $1,500 you spend in rotating quarterly categories after you manually activate the offers
  • Cashback Match doubles all cash back earned during the first year for new cardholders
  • 15-month intro APR on balance transfers and purchases
  • Quarterly 5% bonus categories are capped at the first $1,500 you spend
  • You have to remember to enroll in the categories each quarter to earn 5% cash back
  • No traditional sign-up bonus

With the Discover it® Cash Back, you can earn up to 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically While other cards also offer rotating 5% cash back categories, all of the cash that you earn in the first year with the Discover it® Cash Back is doubled automatically with no caps. That's like earning 10% cash back on these purchases for the first 12 months.

For 2022, Discover bonus categories are as follows:

  • January to March: Grocery stores and fitness club and gym memberships
  • April to June: Gas stations and Target stores
  • July to September: Restaurants and PayPal
  • October to December: Amazon.com and digital wallets


Best 5% cash back credit card

Citi Custom Cash℠ Card

On Citibank's Secure Website

Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.

$0

17.74% - 27.74% (Variable)

660 - 850

  • Earn $200 cash back after you spend $1,500 on purchases in the first 6 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 17.74% - 27.74%, 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.

  • Earn 5% cash back on the first $500 of your highest eligible spend category each month
  • No need to enroll in the category — you're automatically enrolled
  • Generous welcome bonus
  • 15-month intro APR on purchases and balance transfers
  • $500 spending cap on 5% cash back bonus category
  • Low rate of cash back outside your 5% category
  • Limited on other benefits
  • 3% foreign transaction fee

While other 5% cash back cards rotate their categories and require pre-registration, the Citi Custom Cash℠ Card automatically lets you 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. This bonus includes lucrative categories, like restaurants, dining and gas. New cardholders also Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.

While there are limits to the bonus categories, Citi Custom Cash℠ Card is a great option because it offers a couple advantages over similar category cards:

  • It offers the same categories each month (including high-spend categories like restaurants, gas and groceries)
  • It automatically enrolls you in your highest spend category each month, so you automatically earn the most where you spend the most.


Best cash back credit card for dining out

Capital One Savor Cash Rewards Credit Card

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Earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening

$95

18.99%, 23.99% or 26.99% (Variable)

660 - 850

  • Earn a one-time $300 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining, entertainment and popular streaming services, 3% at grocery stores (excluding superstores like Walmart® and Target®) and 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
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more

  • Top rewards on your food purchases
  • Get 5% cash back on hotels and rental cars booked through Capital One Travel
  • 0% foreign transaction fees
  • Generous bonus offer
  • Qualify for extended warranties, travel accident insurance, complimentary concierge service and more
  • Only earn 1% back on non-bonus spending
  • You'll have to pay an annual fee of $95
  • Requires 660 - 850 credit

Foodies will love the Capital One Savor Cash Rewards Credit Card because it offers an unlimited 4% cash back on dining and entertainment purchases. And when you don't feel like eating out, you'll get 3% cash back at grocery stores. Turn your dining purchases into even more cash back when you Earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening .


Best cash back credit card for dining out with no annual fee

Capital One SavorOne Cash Rewards Credit Card

On Capital One's Secure Website

Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening

$0

17.99% - 27.99% (Variable)

660 - 850

  • 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
  • Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024
  • Earn 8% cash back on Capital One Entertainment purchases
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • 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; 17.99% - 27.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • No foreign transaction fee
  • No annual fee

  • High rate of cash back on food purchases
  • Get 5% cash back on hotels and rental cars booked through Capital One Travel
  • 15-month intro APR on purchases and balance transfers
  • No foreign transaction fees
  • $0 annual fee
  • Welcome bonus with small minimum spend requirement
  • Grocery category excludes Walmart and Target
  • Regular APR of up to 17.99% - 27.99% (Variable) if you carry a balance
  • Streaming category may not include your preferred services

Earn an unlimited 3% cash back while eating out, buying groceries, or watching your favorite streaming services when you get the Capital One SavorOne Cash Rewards Credit Card. The benefits are nearly identical to the Capital One Savor Cash Rewards Credit Card, except you don't need to be a big spender on dining and entertainment to justify paying an annual fee. And it offers an intro APR offer on purchases and balance transfers that isn't available with the Capital One Savor Cash Rewards Credit Card.


Best cash back credit card with a 0% intro APR

Chase Freedom Flex℠

On Chase's Secure Website

Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening!

$0

17.99% - 26.74% Variable

660 - 850

  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more
  • 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.99% - 26.74%.
  • No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Flex℠ card
  • Keep tabs on your credit health - Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.

  • Earn 5% cash back on the first $1,500 spent on quarterly rotating bonus categories with activation
  • Get bonus rewards on dining, drugstore and Chase Ultimate Rewards travel
  • Extended warranty and purchase protection
  • Cell phone protection up to $800 per claim
  • 15-month intro APR on purchases and balance transfers
  • Purchase protection
  • Rotating bonus categories are capped at $1,500 in purchases per quarter
  • You have to remember to enroll in the categories each quarter to earn 5% cash back
  • Foreign transaction fee of 3% of each transaction in U.S. dollars

If you want to earn cash back, but need extra time to pay off your balance, the Chase Freedom Flex℠ is for you. It offers a 0% Intro APR on Purchases for 15 months and 0% Intro APR on Balance Transfers for 15 months, followed by a 17.99% - 26.74% Variable APR. You'll also earn up to 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter! Plus, earn 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases.


Best cash back credit card for students

Discover it® Student Cash Back

Generic art
Not available on ValuePenguin

Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.

See terms

See terms

0 - 660

  • 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! So you could turn $50 cash back into $100. Or turn $100 into $200. There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • No credit score required to apply.
  • Discover helps remove your personal information from select people-search websites. Activate by mobile app for free.
  • No annual fee and build your credit with responsible use.
  • 0% intro APR on purchases for 6 months, then the standard variable purchase APR of 15.99% - 24.99% applies.
  • Click "Apply Now" to see terms and conditions.

  • Earn 5% cash back on the first $1,500 spent in rotating categories each quarter after activation
  • Matches cash back in the first year of membership for new cardmembers
  • No credit score required to apply
  • Discover will double all the rewards you earn the first year for new card members
  • May be easier to qualify for than other unsecured credit cards
  • 5% back category bonus is limited to $1,500 in spending each quarter
  • You to enroll in the 5% categories
  • No traditional sign-up bonus. You get a cash back match offer instead

The Discover it® Student Cash Back offers many of the same benefits as the Discover it® Cash Back, but is geared toward students with limited credit histories. You'll earn up to 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically. and all of the cash back earned is the first year is automatically doubled for new cardholders.


Best cash back credit card for international students

Deserve® EDU Mastercard for Students

On Deserve's Secure Website

Up to $59 in statement credits for Amazon Prime Student when you spend $500 within the first three statements

$0

22.49% variable

0 - 850

  • Receive one year of Amazon Prime Student on Deserve after your first purchase with your new Deserve EDU Mastercard (Lifetime Value of $59).
  • Earn 1% Cash Back on all purchases with your Deserve EDU Mastercard. Once approved, you'll automatically start earning cash back on all purchases.
  • Feel secure with cell phone protection up to $600.
  • No deposit required. No annual fees.
  • No international transaction fees on purchases abroad so you can travel with confidence.
  • No Social Security Number required for international students to apply.
  • Refer A Friend Program: Refer anyone to Deserve using your personal referral code. Upon approval, card activation and use, you'll receive $30 and so will your referral. Referral bonuses are unlimited!
  • Manage and track your spending, set automatic payments and securely freeze your card all through one easy to use app.
  • See if you prequalify with no impact to your credit score in minutes.
  • Deserve Mastercards are issued by Celtic Bank, Member FDIC.
  • Enjoy Mastercard Platinum Benefits intended to make your life easier like Mastercard ID Theft Prevention™ and Master Rental®.

  • Cell phone protection
  • No foreign transaction fees
  • $0 annual fee
  • Complimentary Prime Student membership for one year
  • Earn up to 1% unlimited cash back on ALL purchases
  • Does not require a Social Security number to apply
  • Prequalify without impacting your credit score
  • No welcome bonus opportunity
  • No category bonuses for higher cash back
  • Does not offer balance transfers or cash advances

The best card for international students is the Deserve® EDU Mastercard for Students, because it does not require a Social Security number to get approved. It earns up to 1% unlimited cash back on ALL purchases, and there are no foreign transaction fees on international purchases so you can use the card at school and at home. And when you pay your cell phone bill with the card, not only will you earn rewards, but your phone is also covered against damage or theft.


Best cash back credit card for buy now, pay later

U.S. Bank Cash+® Visa Signature® Card

Generic art
Not available on ValuePenguin

$200 bonus after spending $1,000 in eligible purchases within the first 120 days of account opening

$0

18.24% - 28.24% (Variable)

660 - 850

  • $200 bonus after spending $1,000 in eligible purchases within the first 120 days of account opening.
  • 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose.
  • 5% cash back on prepaid air, hotel and car reservations booked directly in the Rewards Center.
  • 2% cash back on one everyday category, like Gas Stations/EV Charging Stations, Grocery Stores or Restaurants.
  • 1% cash back on all other eligible purchases.
  • 0% Intro APR on purchases and balance transfers for the first 15 billing cycles. After that, a variable APR currently 18.24% - 28.24%
  • No Annual Fee.
  • Terms and conditions apply.

  • Divide purchases into fixed monthly payments with no interest for a small monthly fee
  • Choose two categories for quarterly 5% cash back rewards
  • $0 annual fee
  • Get 2% cash back on one everday category
  • 15-month intro APR on purchases and balance transfers
  • 5% cash back is limited to $2,000 per quarter

With the U.S. Bank Cash+® Visa Signature® Card, you can earn up to 5% cash back on your purchases then use the card's buy now, pay later option to pay for your charges. You'll earn 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose. 5% cash back on prepaid air, hotel and car reservations booked directly in the Rewards Center. 2% cash back on one everyday category, like Gas Stations/EV Charging Stations, Grocery Stores or Restaurants. 1% cash back on all other eligible purchases.

Then use the U.S. Bank ExtendPay to break up your purchases over $100 into affordable monthly payments without paying interest.


Best cash back credit card for business owners with fair credit

Capital One Spark Classic for Business

Generic art
Not available on ValuePenguin

N/A

$0

28.49% (Variable)

600 - 660

  • Earn unlimited 1% cash back for your business on every purchase, everywhere, no limits or category restrictions
  • No annual fee
  • Build and strengthen credit for your business by using this credit card responsibly
  • $0 Fraud Liability if your card is lost or stolen
  • Free employee cards, which also earn unlimited 1% cash back on all purchases
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • No foreign transaction fees

  • Unlimited cash back on every purchase
  • Free employee cards
  • Earn 5% cash back on hotels and rental cars booked through Capital One Travel
  • No foreign transaction fees
  • Extended warranty on eligible purchases
  • Qualify with 600 - 660 credit score
  • $0 annual fee
  • No bonuses for traditional business spending categories
  • Does not offer a welcome bonus

Business owners can build their credit while earning cash back with the Capital One Spark Classic for Business. It earns an unlimited earn Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, a $0 annual fee and free employee cards. You can even set individual spending limits on employee cards and monitor their purchases as soon as they post.


Best co-branded cash back credit card

Capital One® Walmart Rewards® Card

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Not available on ValuePenguin

5% cash back in Walmart stores for the first 12 months after approval when you use your card with Walmart Pay

$0

17.99%, 23.24% or 26.99% variable

660 - 850

  • 5% cash back at Walmart.com, including pickup and delivery
  • 2% back at Walmart stores and fuel stations, at restaurants and on travel
  • 1% back everywhere else Mastercard® is accepted
  • $0 annual fee and $0 foreign transaction fee

  • Earn 5% cash back at Walmart.com, including pickup and delivery
  • Get 2% cash back in Walmart stores and on dining and travel
  • For the first 12 months, get 5% cash back in Walmart stores when using Walmart Pay at checkout
  • $0 annual fee
  • Lower cash back rewards on in-store purchases
  • No welcome bonus
  • Purchase APR of up to 17.99%, 23.24% or 26.99% variable

The Capital One® Walmart Rewards® Card is the best co-branded cash back card because it offers a high rate of cash back on many types purchases with no annual fee. You'll earn 5% cash back at Walmart.com, including pickup and delivery. 2% back at Walmart stores and fuel stations, at restaurants and on travel. 1% back everywhere else Mastercard® is accepted. And, for the first 12 months, you'll earn 5% cash back in-store when using WalmartPay to pay for your purchases.

Are cash back cards worth it?

Yes, when you use the best cash back credit cards, you are able to maximize your rewards on everyday purchases.

While some people prefer airline or hotel credit cards, cash back credit cards provide maximum flexibility with your rewards. You can use your cash back rewards to pay for purchases, save up for a goal, pay down debt, or any other goals you have.

If your cash back card charges an annual fee, make sure that the rewards and benefits make paying the fee worthwhile. First off, are you getting more value than the fee you are paying? And, second, based on your spending habits, does it make sense to use a no-fee card with slightly lower rewards? In some cases, cardholders don't spend enough to justify paying a fee, so they are better off with a no-fee cash back credit card.

How to choose a cash back card

In order to choose the right cash back card for you, you'll want to choose a card that caters to your personal spending habits and preferences.

Use the following steps:

1. Consider your spending habits

You'll want to choose a cash back card that earns the most in the categories you spend the most in. For example, if you buy groceries and gas every week, you'll want to look for a card that earns more cash back in those categories. If your spending is more varied, you might consider a flat-rate cash back card instead.

2. Check your credit score

Before applying for any credit card, make sure to check your credit score. Because applying for a credit card results in a hard pull on your credit history, you should only apply to a card you can be approved for based on your credit rating.

3. Decide what type of cash back card you want

There are three main types of cash back cards – flat-rate, tiered-rate, and rotating. Flat-rate cash back cards let you earn a specific percentage of rewards regardless of the category of your purchases. Tiered rate cards offer higher rewards on select categories. And rotating category cards offer different rates on select categories on a monthly or quarterly basis.

4. Does the card offer a welcome bonus?

Not all cards offer a welcome bonus to new cardholders. When choosing among the best cash back credit cards, consider how much you'll receive from the welcome bonus. Evaluate whether the minimum spending requirement to earn the bonus is reasonable based on your upcoming spending plans. Some bonuses are very lucrative, but the spending requirement is more than you can afford without going into debt.

5. Should you pay an annual fee?

If the cash back card charges an annual fee, do the benefits and earnings power justify paying the fee? In some cases, you are better off choosing a card with lower earnings power instead of paying an annual fee.

6. Are there additional benefits that appeal to you?

Some cash back credit cards include other perks beyond their ability to earn cash back. These perks include purchase and travel protections, 0% APR offers and no foreign transaction fees. In some cases, these perks can save you more money than the cash back rewards you'll earn from making purchases.

Types of cash back credit cards

When choosing the best cash rewards credit card for your wallet, it helps to understand that there are many different types of cash back credit cards. In general, there are three different types of cash back credit cards to choose from based on your spending habits:

  • Flate-rate cash back credit cards. These cards offer the same flat rate on all purchases without having to remember bonus categories or to activate promotional offers. Generally, there are no limits to the rewards you can earn.
  • Tiered-rate cash back credit cards. Tiered cards offer higher cash back rates for different categories of purchases, such as gas, groceries, or travel. Purchases that don't qualify for bonus rates typically have a floor of 1% cash back. Bonus categories may be unlimited or have caps based on how much you spend each month, quarter, or year.
  • Rotating category cash back credit cards. Some cash back cards offer rotating categories that earn higher cash back rewards. Depending on the card, the bonus categories may be selected by the bank or the cardholder may choose. Most cards require the cardholder to activate the rotating categories to earn the bonus cash back.

Features to consider when choosing a cash back card

The right rewards credit card for you depends on your spending style and the type of rewards you want to earn. In the process of choosing a cash back card, you’ll want to consider the following factors:

Make sure the card you choose offers generous rewards in the categories you spend the most in. If you spend a lot on groceries or gas, for example, you could look for a card that offers bonus categories on these purchases.

Conversely, it can make sense to sign up for a flat-rate rewards card that offers a higher earning rate on everything you buy. This strategy would help you avoid having to worry about bonus categories or earning caps.

Some of the most common earning categories include the following:

  • Dining: This category typically includes going out to eat at any restaurant as well as ordering delivery. In this category, you’ll earn points on your entire bill including the tip.
  • Gas stations: This category typically refers to filling up with gas at the major gas service stations, including places like Mobil, BP and Shell. Oftentimes, purchases at the accompanying convenience shop also count toward your rewards earnings, but you should double-check with your personal card.
  • Supermarkets: This category refers to grocery stores, and will sometimes simply be called "groceries." You can earn rewards in this category by making any type of purchase at the supermarket. However, be sure to check the details of your specific card because superstores like Costco, Walmart and Target are typically not included.

Look for a rewards credit card that offers a generous initial bonus and that preferably comes with a minimum spending requirement you can easily reach. If you can earn a welcome bonus when you spend $3,000 on purchases within three months, for example, make sure you can spend $1,000 per month on your card via regular spending and bills.

Many cashback cards don’t charge an annual fee, yet those that do typically offer a higher rate of rewards. If you decide to pay an annual fee for a credit card, make sure the rewards or cardholder benefits are worth it to you. If you’re looking for the best cash back credit card with no annual fee, try the Wells Fargo Active Cash® Card. This lets you Earn unlimited 2% cash rewards on purchases

Make sure the card you select lets you redeem rewards in the way you want, whether that means for statement credits, gift cards, cash in the mail or several different options.

Some cash back cards let you save money with a 0% APR on new purchases and balance transfers for a limited time. If you would like a card with this benefit, make sure to check how long you get 0% APR and whether your offer applies to purchases, balance transfers or both.

Also look for cards that offer the perks you want the most, whether that includes extended warranties, purchase protection, travel insurance or other benefits.

First-year value comparison

Wells Fargo Active Cash® Card
Wells Fargo Active Cash<sup>®</sup> Card
Chase Freedom Unlimited®
Chase Freedom Unlimited<sup>®</sup>
Earning rateEarn unlimited 2% cash rewards on purchasesEnjoy 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases
Cash back earned ($2,000 travel, $2,000 dining, $3,000 groceries, $3,000 gas, $8,000 other purchases)$360$475
Sign-up bonusEarn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 monthsEarn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That’s 6.5% on travel purchased through Chase Ultimate Rewards®, 4.5% on dining and drugstores, and 3% on all other purchases.
Total cash back earned in the first year$560$675
Annual fee$0$0
First year value$560$675
Other benefits
  • 0% intro APR for 15 months from account opening
  • 0% intro APR for 15 months from account opening on qualifying balance transfers
  • Up to $600 cell phone protection
  • Luxury Hotel Collection benefits
  • 0% Intro APR on Purchases for 15 months
  • 0% Intro APR on Balance Transfers for 15 months
  • Purchase protection up to $500 per claim
  • Extended warranty for one year
  • Trip cancellation / interruption benefits
Apply Now
See Rates & Fees. On Wells Fargo's Secure Website
Apply Now
On Chase's Secure Website

Cash back credit card tips

Cash back cards let you earn rewards as a percentage of your spending, so you’ll rack up more cash back the more you use your card.

Most cashback cards then let you earn cash back as a statement credit, redeem your rewards for gift cards and more. These types of cards literally couldn’t be more convenient, as they allow you to get cash from a credit card.

The good thing about cash back cards is that as a consumer, you always know how much value your rewards are and you know exactly how to redeem them — it’s a straightforward and relatively simple system. That said, credit cards that offer points and miles are a bit more complex, but typically offer more redemption options that can boost the value of your rewards. If you’d rather not get involved with the complexities of points and miles, and would prefer to simply earn cash back on all your spending, cash back cards will be the way to go.

Each card has different guidelines for redeeming cash back rewards. While some banks limit you to statement credits that offset purchases, other programs offer multiple redemption options for your cash back. For example, you can get cash deposited to your account, order gift cards, or use them during checkout when shopping online.

Many cash back rewards never expire, but some do. The best option is to redeem your rewards frequently for statement credits or cash back into a savings account. This way, you will not lose your rewards if your account is closed or your rewards reach expiration.

If your cash back credit card charges an annual fee, make sure that it is worth it. Add up your annual spending by category then calculate how much cash back you can earn. Compare your potential earnings among different cards – flat-rate, tiered, and rotating categories – and subtract the annual fees charged. Then, add in the value of additional benefits, which may be subjective based on your unique circumstances. Depending on the totals based on your spending habits, you may be better off with a no fee card, even if it offers lower rewards.

While earning rewards on your purchases is a good idea, that shouldn't be your focus if you are carrying credit card debt. The interest that the bank charges is typically higher than any rewards that you'll earn. To take care of your debt, consider a debt consolidation loan or a low-rate balance transfer offer. Some of the best cash back credit cards on this list offer 0% APR balance transfer offers with terms greater than one year. They are a good choice because you'll be ready to earn rewards once your balances are paid off.

How to maximize a cash back credit card

To make the most of a cash back credit card, you should use it for all your regular spending and bills. Also, you should always pay your balance in full and never, ever carry long-term debt with a rewards credit card. Cash back credit cards tend to charge high APRs that start at around 11.99%. Using a card to earn 1% to 3% cash back will not compensate for the amount you have to pay in interest.

  1. Choose a card that rewards you where you spend the most. This means choosing a card that offers high rates of cash back in categories you consistently spend in. These could include things like gas, groceries, or dining. If you have more varied spending habits, consider a flat-rate cash back card instead.
  2. Utilize your bonus categories. Be aware of which categories you earn bonus points in and be sure to use your card for all those purchases. If you choose a rotating categories card, make sure you remember to enroll each quarter to earn cash back.
  3. Use your cash back card for all your regular spending. The best way to maximize your cash back card is to use it as often as possible. Make your cash back card your primary credit card to earn rewards every time you swipe.
  4. Avoid carrying debt on your card. Cash back cards tend to charge high interest rates which could end up costing you significantly if you don't pay off your card in full.
  5. Take advantage of your card's additional perks. Many cash back credit cards include additional benefits like travel and purchase protections, low intro APR offers and more.

Pros and cons of using a cash back credit card

Pros

  • Cash back credit cards offer you rewards with indisputable value — cold, hard cash. Whether you choose to redeem those rewards as a statement credit, gift card or even as a physical check in the mail, you know what you’re getting and you can spend your rewards whenever you want, on anything you want.
  • The cash back rewards method is simple. You won’t have to play the game of maximizing your points and miles or waiting until the right moment to redeem them. Look for a $200 cash back credit card to further maximize your benefits.
  • Typically cash back cards will charge either no or low annual fees. It’s easy to get great value out of this type of card without having to pay too much to own it.

Cons

  • With cash back credit cards, there is little opportunity to expand the value of your rewards. Conversely, with points and miles cards you can often use your rewards strategically to extend their value beyond what could be possible with a cash back card.
  • Typically cash back credit cards don’t offer significant welcome bonuses, ranging from $0 to around $200. Points and miles cards, however, often offer sign-up offers more than twice that amount.
  • Fewer benefits. Cash back cards don’t typically offer the perks that points and miles cards do, like free checked bags or travel protection.

FAQs about cash back credit cards

A cash back card is a type of credit card that lets you earn cash rewards for each dollar you spend. Many cashback cards also come with benefits like zero fraud liability, purchase protection and extended warranties.

The best cash back credit card is different for everyone. We suggest comparing card options based on their rewards rates and how they align with your normal spending, as well as rewards redemption options, annual fees and the cardholder benefits you can qualify for.

The credit card that offers the most cash back also varies from person to person since some cards offer more rewards in specific categories. Some cards offer a higher rate of rewards on all purchases than others. The Wells Fargo Active Cash® Card is a popular option, since it lets you Earn unlimited 2% cash rewards on purchases Alternatively, one of the highest paying cash back cards is the Blue Cash Preferred® Card from American Express, which gives you 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. Terms apply. Cash back is redeemable for statement credits.

Credit card rewards are considered a rebate on your spending, and thus they are not considered taxable income.

Credit card companies offer cash back as an incentive for you to sign up for their cards and use them for regular purchases. They make money off of transaction fees and interest when you carry a balance, so the rewards they pay out is worth it to them.

Cash back credit cards can be worth the trouble if you always pay your balance in full and you never pay a dime in interest. If you are wondering whether you should get a cash back credit card, consider whether or not you’ll be able to spend more than the card’s annual fee, and the way in which you’d prefer to earn and collect your rewards. If you’re worried about racking up long-term debt, you may want to stay away from credit cards altogether.

Cash back earned with a business credit card is considered a rebate on your purchases. For that reason, it is not considered taxable income.

Cash rewards rates are typically doled out as a percentage of your spending. With that in mind, a card that offers 1% back on all purchases would give you $1 for each $100 you spend. Likewise, a card that offers 2% back would give you $2 for each $100 you spend.

Cards in this category let you earn 1.5% back for each dollar you spend, or $1.50 for each $100 in purchases you charge to your credit card.

Some rewards credit cards offer airline miles instead of cash rewards. Neither card is "better," but it's likely one option might work better for your needs. Airline credit cards typically work best for consumers who travel often and stick with the same airline or airline alliance.

Cashback cards can help you build credit since all your credit movements are reported to the three credit bureaus — Experian, Equifax and TransUnion. To build credit with a credit card, make sure to pay your balance early or on time each month, keep debt levels at a minimum and avoid opening or closing too many credit accounts.

Our pick for the best cash back business credit card is the Capital One Spark Cash Plus. With this card you can earn a flat 2% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel with no spending limit. Plus, you can earn up to a $1,000 cash bonus; Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening.

Cash back cards give you cash as a statement credit on your card, and in some cases can directly deposit your rewards into your checking or savings account. Cash back rewards can also be redeemed as gift cards or in the form of a physical check mailed to you by your credit card issuer upon request.

Methodology

How we chose the best cash back credit cards

To make choosing the right cash back credit card easier, we've looked at credit cards reviewed on ValuePenguin as well as cards on major issuer sites to compile a list of the best rewards credit cards available right now. Our recommendations are based on the following criteria:

APR

How the card's annual percentage rate (APR) compares to other cash back cards and whether or a low interest intro period is offered on purchases and/or balance transfers.

Rewards

What is the cash back earning rate and is it a flat-rate or does it include bonus spending categories. Which categories cash back is offered in, whether categories are rotating or stagnant.

Additional perks and benefits

These include things like travel and purchase protections, travel perks and more.

Annual fee

Whether or not a card charges an annual fee, if the fee is waived for the first year, and if the card benefits offset or outweigh the annual fee.

Sign-up bonus

Whether or not a card comes with a welcome offer or sign-up bonus, how easy it is to earn the bonus, and how much cash back you can earn.

Foreign transaction fees

Does the card charge foreign transaction fees and, if yes, does that limit the card's overall value.

Our choices are not influenced by our advertisers. Learn more on how we calculate rewards.

For rates and fees of Blue Cash Preferred® Card from American Express, please click here

The information related to Bank of America® Customized Cash Rewards credit card, Discover it® Secured Credit Card, Discover it® Cash Back, Capital One Savor Cash Rewards Credit Card, Discover it® Student Cash Back, U.S. Bank Cash+® Visa Signature® Card Capital One Spark Classic for Business and Capital One® Walmart Rewards® Card has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).