Why choose a Cash-Back card?
Cash-back credit cards are a versatile option because they allow you to earn rewards on purchases you’re already making, like groceries, gas, or dining out. Unlike other rewards cards that might limit you to travel points or specific perks, cash-back cards give you the flexibility to use your rewards as you see fit—whether that’s a statement credit, a deposit into your bank account, or even applying the money toward future purchases.
How to find the best Cash-Back card for you
The right cash-back card can vary depending on your spending patterns. Are you a frequent grocery shopper? Do you spend heavily on dining or travel? Some cards offer higher cash-back rates in specific categories, while others offer a consistent rate across all purchases.
To help you decide, use our Cash Back Credit Card Tool. Enter your monthly spending amounts in different categories, and we’ll show you which cards will maximize your cash-back rewards. It’s a simple way to ensure you’re getting the best value.
What to look for in a Cash-Back card
When choosing a cash-back credit card, consider these factors:
- No Annual Fee: We focus on cards that don’t charge you an annual fee, so you’re not losing money just for holding the card.
- Welcome Bonuses: Some cards offer generous sign-up bonuses if you meet a spending threshold within the first few months.
- Introductory APR: A 0% APR offer can be a great perk if you’re planning a large purchase and want to pay it off over time without interest.
- Spending Categories: Check for cards that offer higher rewards for your largest spending areas, such as groceries, gas, or streaming services.
- Additional Fees: Be aware of foreign transaction fees or other charges that may eat into your rewards.
- Extra Perks: Look for benefits like extended warranties, purchase protection, or travel insurance, which can add even more value.
How we evaluated the cards
We’ve excluded local or regional banks and credit unions from our evaluation to ensure the cards we recommend are widely available. That said, your local financial institutions may offer some great options, so we recommend checking them out as well.
Frequently Asked Questions about Cash-Back cards
- Should I Avoid an Annual Fee? If you’re a light spender, avoiding an annual fee makes sense. However, if you consistently spend in high-reward categories like groceries or travel, a card with an annual fee might offer more value in the form of higher cash-back percentages.
- Are Rotating Cash-Back Bonuses Better Than Fixed Rates? Rotating cash-back bonuses can be great, but they require more attention to ensure you’re maximizing your rewards. For example, a card offering 5% back on certain categories (like the Discover it® Cash Back) might offer more during bonus periods, but if you’re not spending in those categories, a card with a fixed rate (like the Citi® Double Cash) could be more reliable.
- What’s the Difference Between a Cash-Back Card and a Points Card? Cash-back cards reward you with actual cash or credits, whereas points cards offer rewards that can be redeemed for things like travel or merchandise. Points can sometimes be more valuable if you prefer experiences like flights or hotel stays, but cash-back cards provide more straightforward rewards.
Top Cash-Back credit cards for 2024
The Blue Cash Preferred® Card from American Express
Best for families and streaming enthusiasts.
For me, the Amex Blue Cash Preferred is a no-brainer. I spend a lot on groceries and streaming subscriptions, and this card offers a fantastic 6% cash back on both. That’s up to $6,000 a year in U.S supermarket purchases then 1% —something my family easily hits. Plus, getting cash back on U.S. streaming services is a nice perk when I’m catching up on shows. The 3% cash back on U.S. gas stations and transit also makes my daily errands a little more rewarding. The annual fee is there, but for what I get in return, it’s absolutely worth it. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout
- Earn 6% cash back on U.S. supermarkets (up to $6,000 annually then 1%) and U.S. streaming services, perfect for households with high food and entertainment expenses.
- Plus, get 3% cash back on transit and U.S. gas stations, making daily commutes and errands more affordable.
- Terms apply
Capital One Spark Cash Plus
Best for high-spending businesses that want unlimited rewards.
Since my business tends to have high monthly expenses, the Capital One Spark Cash Plus really stands out. I love that it gives me 2% cash back on every purchase with no limits. It’s reassuring to know that no matter how much I’m spending, I’m maximizing my rewards: $2,000 cash back once you spend $30,000 in the first 3 months. Earn an additional $2000 cash bonus for every $500k spent during the first year. It’s like an extra reward for doing what I’m already doing. It feels like the card is built to match my business’s needs perfectly.
- Earn 2% cash back on every purchase with no caps, offering strong rewards potential for businesses with large monthly expenses.
- Balance transfers are not available on Spark Cash
- There’s also a generous $2,000 cash back, perfect for maximizing cash-back on big business investments.
Capital One Savor Cash Rewards Credit Card
Best for foodies and entertainment lovers.
If there’s one card that fits my lifestyle, it’s the Capital One Savor. As someone who loves dining out, streaming, and attending events, this card rewards me for the things I already enjoy. I earn unlimited 3% cash back on dining, entertainment, and streaming services, plus an impressive 8% back on Capital One Entertainment purchases, perfect for concerts and events—all with no annual fee.
This card makes it easy to indulge in my favorite activities while earning great rewards, making it a top choice for the socially active.
- Earn unlimited 3% cash back on dining, entertainment, and streaming services, making this card perfect for those who love to eat out, stream, and attend events.
- With no annual fee and an impressive 8% cash back on Capital One Entertainment purchases, it’s a top choice for the socially active.
Capital One Quicksilver Cash Rewards Credit Card
Best for those who want straightforward cash-back with no fees.
I’m someone who likes to keep things straightforward, and the Capital One Quicksilver Cash Rewards card is perfect for that. It gives me 1.5% cash back on every purchase, every day, with no extra fees or complicated reward categories. I don’t have to think about where I’m spending or if I’m maximizing rewards—it just works. Plus, the $200 bonus for spending $500 early on was a great way to kick things off.
- Earn 1.5% cash back on every purchase, every day, with no annual fee or foreign transaction fees, perfect for travelers and everyday spenders alike.
- Get a $200 bonus after spending $500 in the first three months, adding extra value for new cardholders.
Blue Cash Everyday® Card from American Express
Best for budget-conscious consumers who spend on groceries and gas.
For me, the Amex Blue Cash Everyday card hits all the right spots. I get 3% cash back on groceries, gas, and online shopping—things I spend on regularly. And with no annual fee, I don’t feel like I’m losing out just by holding the card. It’s great for covering my day-to-day essentials while still earning some nice rewards.
- Earn 3% cash back on U.S. supermarkets, U.S. gas stations, and U.S. online retail retail purchases (up to $6,000 per category and then 1% thereafter) with no annual fee, perfect for families and individuals focused on essentials.
- With no cost to hold the card, it’s a great entry-level option for cash-back rewards.
- Terms Apply. See rates and Fees.
Kurt’s key takeaway
By selecting the right cash-back card, you can make the most out of your everyday spending. Whether you prefer a fixed rate or like the thrill of rotating categories, there’s a card out there to match your needs. Let us help you find the one that puts money back in your pocket!
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