8 of Our Favorite Cash Back Rewards Credit Cards

best cash back credit cards

Travel points and gift cards are great, but nothing beats cold, hard cash. Cash back credit cards simplify the rewards process by returning cash straight to your bank account.

Some cash back cards offer a flat rate of 1.5 to 2 percent cash back on all your purchases. Other cards offer up to 6 percent cash back in certain categories. Whichever card you choose, rest assured that you’ll get money back after you spend it.

So which are the best cash back credit cards to have in your wallet? Here are the top eight cash back cards.

8 best cash back credit cards

1. Citi Double Cash Card

If you don’t want to strategize every time you make a purchase, you’ll love the Citi Double Cash Back credit card. It offers a flat rate of 2 percent cash back on every single purchase. Technically, you get 1 percent on your purchases and an additional 1 percent when you pay them back. But your rewards rate is effectively 2 percent.

Instead of keeping up with rotating categories as with some other cash back cards, you don’t have to think about categories at all.

Pros

  • 2 percent cash back on all your purchases
  • No annual fee
  • Unlimited cash back
  • No restrictions for spending categories

Cons

  • No sign-up bonus for opening an account
  • No cash back rewards for balance transfers

2. Blispay Visa

The Blispay Visa is another great flat-rate cash back rewards card. It also gives you 2 percent back on all your purchases and has no annual fee.

Pros

  • 2 percent cash back on all your purchases
  • Unlimited points and no restricted spending categories
  • 6-month special interest-free financing for all purchases over $199
  • No minimum redemption value
  • No annual fee

Cons

  • No sign-up bonus for new customers
  • Some customers have reported lower credit limits on the Blispay card than other cards.

3. Fidelity Rewards Visa Signature

The Fidelity Rewards Visa Signature is another one of these fee-free 2 percent cash back cards. The restriction with this card is that you must redeem your cash for deposit into a Fidelity account.

Pros

  • 2 percent cash back on all your purchases
  • No annual fee
  • No limits on cash back or spending categories
  • Points will never expire

Cons

  • You must hold a Fidelity bank account
  • The redemption value is different if you redeem your points for other rewards, like travel or gift cards
  • You can only redeem once you’ve acquired 5,000 points (equivalent to $50)

4. Capital One Quicksilver Cash Rewards

The Capital One Quicksilver Cash Rewards card is another good choice for consumers who like flat-rate rewards. Its cash back rate is a little lower at 1.5 percent, but the card has other perks — like a sign-up bonus and no foreign transaction fees.

Pros

  • 1.5 percent cash back on all your purchases
  • No limits on rewards or spending categories
  • $100 bonus after you spend $500 in the first three months
  • No annual fee
  • No foreign transaction fees
  • 0% APR for first nine months after opening an account

Cons

  • Limited to customers with good and excellent credit
  • Relatively low sign-up bonus

5. Barclaycard CashForward World MasterCard

(Update: As of Dec. 2017, the Barclaycard CashForward World MasterCard is no longer available)

The Barclaycard CashForward World MasterCard gives you 1.5 percent cash back on all your purchases. Plus, you’ll get an additional 5 percent bump when you redeem. One downside, though, is its foreign transaction fee.

Pros

  • 1.5 percent cash back on all your purchases
  • No annual fee
  • Get a $200 bonus if you spend $1,000 in the first 90 days
  • Get a 5 percent cash rewards bonus when you redeem your points
  • Cash rewards never expire

Cons

  • 3 percent fee on foreign transactions
  • You must have 5,000 points before you can redeem
  • Relatively low bonus for new customers

6. Chase Freedom Unlimited

The Chase Freedom Unlimited is another great choice if you don’t want to pay an annual fee. Plus, its bonus for new customers is a bit higher than some other cards at $150.

Pros

  • Unlimited 1.5 percent cash back on every purchase you make
  • $150 bonus after you spend $500 in the first three months
  • 0% introductory APR for 15 months
  • Rewards have no limits and don’t expire
  • No annual fee

Cons

  • 3 percent fee on all foreign transactions

7. Chase Sapphire Preferred

The Chase Sapphire Preferred is an excellent credit card for travel points. So how did it sneak onto this list of the best cash back credit cards? Well, you can redeem your Chase Sapphire points for travel or get cash back. If you’ve accumulated 1,000 points, for instance, you can choose to redeem it as a $100 deposit into your bank account.

This is the first card on the list with an annual fee. Only people with strong credit can qualify, but you’ll see that it has some excellent perks.

Pros

  • 2 points on all travel and dining and 1 point per dollar on every other purchase
  • Earn 50,000 bonus points after you spend $4,000 in the first three months
  • Redeem your points for travel or cash back
  • Get 25 percent more value on points if you redeem them for travel through the Chase Ultimate Rewards portal
  • No foreign transaction fees
  • No fee for the first year

Cons

  • $95 annual fee after the first year
  • Because the card doesn’t have flat-rate rewards, you may need to be more strategic in how you use it

8. American Express Blue Cash Preferred

The Amex Blue Cash Preferred credit card also has an annual fee of $75. This cash back card offers rewards by spending category — like groceries, gas, or department stores.

Pros

  • 6 percent cash back on groceries, 3 percent on gas and select department stores, and 1 percent on all other purchases
  • 0% introductory APR for 12 months
  • $250 sign-up bonus after you spend $1,000 in the first three months

Cons

  • $95 annual fee
  • 2.7 percent foreign transaction fee
  • American Express is not as widely accepted as Visa or MasterCard.

Which is the best cash rewards credit card for you?

You have a lot of options when it comes to the best cash rewards credit card. To choose the best card for you, take a look at your spending habits. Don’t change your spending habits for a credit card, but rather find a card that matches your existing budget.

If you prefer a flat rate, then a 2 percent cash back card, like the Citi Double Cash Card or Blispay Visa, is for you. If you spend more in certain categories, then you’ll benefit from a card like the Amex Blue Card. It gives an impressive 6 percent cash back reward on groceries, for example.

Some of the best cash back credit cards have tempting sign-up bonuses. However, you should also consider which card will give you the most rewards in the long run. Don’t spend more than you normally would under the illusion that you’re saving money.

And don’t spend any more than you can reasonably afford to pay off every month. In other words, never carry a balance on your card — unless you’re taking advantage of a 0% APR promotion.

Credit cards can give you great rewards, but only if you use them responsibly. Are you signing up for your first credit card out of college? Check out this guide for the best starter cards for credit virgins.

Interested in a personal loan?

Here are the top personal loan lenders of 2018!
LenderRates (APR)Loan Amount 
1 Includes AutoPay discount. Important Disclosures for SoFi.

SoFi Disclosures

  1. Terms and Conditions Apply: SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Finance Lender Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
  2. Personal Loans: Fixed rates from 5.49% APR to 14.24% APR (with AutoPay). Variable rates from 5.29% APR to 11.44% APR (with AutoPay). SoFi rate ranges are current as of December 1, 2017 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. Interest rates on variable rate loans are capped at 14.95%. Lowest variable rate of 5.29% APR assumes current 1-month LIBOR rate of 1.34% plus 4.20% margin minus 0.25% AutoPay discount. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.

2 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Personal Loan Rate Disclosure: Variable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of August 1, 2017, the one-month LIBOR rate is 1.23%. Variable interest rates range from 6.02% – 15.97% (6.02% – 15.97% APR) and will fluctuate over the term of your loan with changes in the LIBOR rate, and will vary based on applicable terms and presence of a co-applicant. Fixed interest rates range from 5.99% – 16.24% (5.99% – 16.24% APR) based on applicable terms and presence of a co-applicant. Lowest rates shown are for eligible applicants, require a 3-year repayment term, and include our Loyalty and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.
  2. Loyalty Discount: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower has a qualifying account in existence with Citizens Bank at the time the borrower has submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, student loans or other personal loans owned by Citizens Bank, N.A. Please note, Citizens Bank checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI and VT. This discount will be reflected in the interest rate and Annual Percentage Rate (APR) disclosed in the Truth-In-Lending Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan, and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  3. Automatic Payment Benefit: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their student loans owned by Citizens Bank, N.A. during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. Discount is not available when payments are not due, such as during forbearance. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account three or more times within any 12-month period, the borrower will no longer be eligible for this discount.
7.39% - 29.99%$1,000 - $50,000Visit Upstart
5.29% - 14.24%1$5,000 - $100,000Visit SoFi
8.00% - 25.00%$5,000 - $35,000Visit Payoff
5.99% - 16.24%2$5,000 - $50,000Visit Citizens
5.99% - 35.89%$1,000 - $40,000Visit LendingClub
5.25% - 14.24%$2,000 - $50,000Visit Earnest
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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.