Credit cards with cash-back rewards have become increasingly popular among consumers looking to earn money back on their everyday purchases. Whether you’re a frequent traveler, a foodie, or simply someone who loves getting rewarded for spending, there’s a cash-back credit card tailored to suit your needs. In this article, we’ll explore the ten best cash-back credit cards in the USA, along with their pros and cons, to help you make an informed decision.
1. Chase Freedom Unlimited®
- Cash Back: Earn unlimited 1.5% cash back on all purchases.
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Pros:
- No annual fee.
- Solid flat-rate cash back on all purchases.
- Good introductory APR offer.
- Cash back doesn’t expire as long as your account is open.
Cons:
- Rewards rate is relatively lower compared to category-specific cards.
2. Citi® Double Cash Card
- Cash Back: Earn 2% cash back on all purchases (1% when you buy, 1% when you pay it off).
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Pros:
- No annual fee.
- High flat-rate cash back on all spending.
- Encourages responsible credit card usage with cash back on payments.
- Access to Citi’s special perks and benefits.
Cons:
- No sign-up bonus.
3. Capital One Savor Cash Rewards Credit Card
- Cash Back: Earn 4% cash back on dining and entertainment, 2% at grocery stores, and 1% on all other purchases.
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Pros:
- Competitive cash back rates on dining and entertainment.
- Generous sign-up bonus.
- No foreign transaction fees.
- Benefits for foodies and entertainment enthusiasts.
Cons:
- Has an annual fee after the first year.
4. Discover it® Cash Back
- Cash Back: Earn 5% cash back in rotating quarterly categories and 1% on all other purchases.
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Pros:
- No annual fee.
- Excellent 5% cash back in rotating categories.
- First-year cash back match for new cardmembers.
- Free FICO® credit score access.
Cons:
- Rotating categories may require tracking and activation.
5. Blue Cash Preferred® Card from American Express
- Cash Back: Earn 6% cash back at U.S. supermarkets (up to a limit), 6% on select U.S. streaming subscriptions, 3% at U.S. gas stations and on transit, and 1% on other purchases.
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Pros:
- High cash back on supermarkets and streaming services.
- Generous welcome offer.
- Added benefits like purchase protection and extended warranty.
Cons:
- Comes with an annual fee.
6. Wells Fargo Active Cash℠ Card
- Cash Back: Earn unlimited 2% cash rewards on purchases.
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Pros:
- No annual fee.
- Flat 2% cash back on all spending.
- Cell phone protection when you pay your phone bill with the card.
- Introductory 0% APR on purchases and balance transfers.
Cons:
- 3% foreign transaction fee.
7. Chase Freedom Flex℠
- Cash Back: Earn 5% cash back on rotating quarterly categories, 5% on travel purchased through Chase Ultimate Rewards, 3% at restaurants and drugstores, and 1% on other purchases.
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Pros:
- No annual fee.
- High rewards rate in rotating categories.
- Valuable travel benefits through Chase Ultimate Rewards.
Cons:
- Rotating categories may require activation and tracking.
8. Bank of America® Cash Rewards credit card
- Cash Back: Earn 3% cash back in a chosen category (gas, online shopping, dining, travel, drugstores, or home improvement/furnishings), 2% at grocery stores and wholesale clubs, and 1% on other purchases.
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Pros:
- No annual fee.
- Customizable cash back categories.
- Opportunity to earn even more with Bank of America Preferred Rewards.
Cons:
- 3% foreign transaction fee.
9. U.S. Bank Cash+™ Visa Signature® Card
- Cash Back: Earn up to 5% cash back on two categories of your choice, 2% in one everyday category, and 1% on other purchases.
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Pros:
- No annual fee.
- Flexibility to choose your cash back categories.
- Cell phone protection when you pay your phone bill with the card.
- Introductory 0% APR on balance transfers.
Cons:
- Requires quarterly enrollment for 5% cash back categories.
10. Costco Anywhere Visa® Card by Citi – Cash Back: Earn 4% cash back on eligible gas purchases, 3% on dining and travel, 2% at Costco, and 1% on other purchases. – Learn More
Pros:
- No annual fee (for Costco members).
- Excellent cash-back rates on gas, dining, and travel.
- Cashback can be redeemed at Costco warehouses.
Cons:
- Requires Costco membership.
- Cash-back redemption is limited to once a year.
When choosing a cash-back credit card, consider your spending habits, lifestyle, and financial goals. Pick a card that aligns with your preferences and offers rewards on the categories you spend the most on. Always read the fine print, understand the terms and conditions, and use credit cards responsibly to maximize the benefits while avoiding debt. Happy shopping and earning rewards!
