14 Best Cash Back Credit Cards of 2024

Cash back credit cards are an easy way to generate income every month. The key is to find cards with the highest rewards that match your spending habits. To help, here is our updated list of the best cash back credit cards.

In 2018 I began saving and investing the cash back rewards we earned from credit cards. In 2019 alone we earned $4,177.83 in credit card rewards. As of February 2020, our balance has grown to $9,306.53. As of 2023, our balance has grown to $38,232.08.

Without sacrificing our lifestyle in any way, we've been able to save more than $38,000 by strategically using credit card rewards. To help you maximize your rewards, in this article, we'll look at the best cash back credit cards available today.

What Is a Cash Back Credit Card?

A cash back credit card is a type of rewards credit card that offers cash rewards for making purchases with the card.

With a cash back credit card, a percentage of the purchase amount is credited back to the cardholder’s account as a cash reward. The cash back rewards can typically be redeemed as a statement credit, a deposit to the cardholder’s bank account, or as a check. Cash back credit cards may offer a flat rate of cash back for all purchases, or higher cash back rates for specific categories of spending, such as groceries or gas. Some cash back credit cards also offer sign-up bonuses and other perks, such as no annual fee or zero percent introductory APR periods.

3 Types of Cash Back Credit Cards

As you map out your own cash back strategy, keep in mind that there are three broad types of cash back cards.

  • Flat-rate cash back credit cards: The most simple approach is a card that pays the same reward percentage on all purchases. The industry standard is 1%, but for those with good credit, you can nab 1.5% or even 2% on every purchase. This should be the first type of cash back card you get and serve as your everyday card.
  • Tiered cash back credit cards: These cards offer different rates of cash back depending on the category of spending. For example, a card may offer 3% cash back on gas and 2% cash back on groceries, but only 1% cash back on all other purchases. The bonus rates can vary based on the categories, with some cards offering multiple bonus categories. Purchases outside of the bonus categories typically pay 1%. These cards should supplement your everyday card if you want to maximize your rewards.
  • Rotating category cash back credit cards: These cards offer bonus cash back in rotating categories throughout the year, typically every three months. For example, a card may offer 5% cash back on dining and entertainment from January to March and then switch to 5% cash back on groceries from April to June. There are spending caps eligible for the 5% cash back, typically $1,500 each quarter. All other purchases typically earn 1% cash back.

As we look at the top cash back cards, we'll point out if a card charges an annual fee, offers a signup bonus, or limits its cash back rewards in any way.

Best Cash Back Credit Cards

Chase Freedom Unlimited®

The Chase Freedom Unlimited® is a cash back card offering 1.5% to 5% cash back. Of all the cards on the market offering 1.5% cash back, it's by far the best. It has no annual fee.

This card could serve as your everyday card. While its flat rate is 1.5%, not 2%, its increased rewards can often make up the difference and then some. On top of that, it offers a signup bonus that gets you an extra 1.5% cash back in the first year.

Rewards:

1.5% cash back
On all other eligible purchases
Earn 1.5% cash back on all other purchases
3% cash back
Drugstores
Earn 3% on drugstore purchases
3% cash back
Dining
Earn 3% cash back on dining at restaurants, including takeout and eligible delivery services
5% cash back
Travel
After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®

  • Annual Fee: $0
  • Welcome Bonus: 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% Intro APR: Get 0% APR on purchases and balance transfers for the first 15 months, then a variable APR of 20.49% - 29.24%.
  • Foreign Transaction Fee: 3% of each transaction in U.S. dollars

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved03/20/2023
785
Experian
$5,000
Approved07/18/2023
765
Experian
$12,500
Approved07/18/2023
773
TransUnion
$12,500
Approved07/18/2023
785
Equifax
$12,500
Approved09/06/2023
754
Experian
$9,000
Approved09/08/2023
740
Equifax
$15,000
Denied09/05/2023
738
Experian
---
Denied09/05/2023
740
Equifax
---
Denied09/05/2023
750
TransUnion
---

Read Our Review

Blue Cash Preferred® Card from American Express

The Blue Cash Preferred® Card from American Express is best known for its 6% cash back at U.S. supermarkets (subject to spending caps). What many don't know, however, is that it also offers 6% cash back on select streaming services. For those who have lost count of just how many streaming services they have, this card's rewards could add up.

We view the card as best for families or others who can take full advantage of the 6% cash back categories. Here's a breakdown:

Rewards:

1% cash back
On all other eligible purchases
1% cash back on all other eligible purchases
3% cash back
Gas
3% cash back at U.S. gas stations
3% cash back
Transit
3% cash back on transit, such as taxis, rideshare, parking, tolls, trains and buses
6% cash back
U.S. supermarkets
6% cash back on groceries up to $6,000 per year in purchases at U.S. supermarkets, then 1%
6% cash back
Streaming services
6% cash back on select U.S. streaming subscriptions

  • Annual Fee: $0 intro annual fee for the first year, then $95.
  • Welcome Bonus: Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • 0% Intro APR: Get 0% on purchases and balance transfers for 12 months, then a variable APR of 19.24% - 29.99%.
  • Foreign Transaction Fee: 2.7% of each transaction after conversion to US dollars.

*Terms Apply

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved01/19/2023
825
Not Provided
$6,000
Approved05/04/2023
738
Experian
$20,000
Approved05/04/2023
748
TransUnion
$20,000
Approved05/04/2023
755
Equifax
$20,000

U.S. Bank Cash+® Visa Signature® Card

The U.S. Bank Cash+® Visa Signature® Card stands out as one of the best cash back credit cards for travel. It pays 5% cash back on eligible airfare, hotels, and car rentals booked through the Rewards Travel Center. It also pays 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose, and 2% back on one everyday category of your choosing.

1% cash back
On all other eligible purchases
1% cash back on all other purchases
2% cash back
Rotating Categories
2% cash back on one everyday category, like Gas Stations and EV Charging Stations, Grocery Stores or Restaurants
5% cash back
Rotating Categories
5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose
5% cash back
Airfare
5% cash back on prepaid air booked directly in the Rewards Center
5% cash back
Hotels
5% cash back on prepaid hotels booked directly in the Rewards Center
5% cash back
Rental Cars
5% cash back on prepaid car reservations booked directly in the Rewards Center
  • Annual Fee: $0
  • Welcome Bonus: $200 bonus after spending $1,000 in eligible purchases within the first 120 days of account opening.
  • 0% Intro APR: Get 0% APR for the first 15 billing cycles. and balance transfers, then 19.49% - 29.74% variable.
  • Foreign Transaction Fee: 3% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved08/03/2020
765
TransUnion
$5,000
Approved11/13/2021
780
TransUnion
$500
Approved11/01/2021
750
Experian
$500
Approved08/18/2017
773
Experian
$7,500
Approved10/24/2022
764
TransUnion
$12,500
Approved06/06/2019
754
Experian
$6,000
Approved06/19/2023
663
TransUnion
$600
Approved07/16/2018
676
TransUnion
$5,000
Approved04/02/2020
819
TransUnion
$5,000
Denied07/19/2021
708
Experian
---

Capital One SavorOne Cash Rewards Credit Card

The Capital One SavorOne Cash Rewards Credit Card is the no-annual-fee version of the Savor card. You save on the annual fee, but the rewards aren't as rich. Still, for a no-fee card, earning up to 3% cash back on popular everyday categories is a solid offer.

Rewards:

1% cash back
On all other eligible purchases
1% cash back on all other purchases
3% cash back
Supermarkets
3% cash back at grocery stores excluding superstores like Walmart® and Target®
3% cash back
Streaming services
3% cash back on popular streaming services
3% cash back
Dining
3% cash back on dining
3% cash back
Entertainment
3% cash back on entertainment
5% cash back
Hotels
Earn 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply).
5% cash back
Rental Cars
Earn 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply).
8% cash back
Entertainment
Earn 8% cash back on Capital One Entertainment purchases
10% cash back
Select Categories
Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024

  • Annual Fee: $0
  • Welcome Bonus: $200 Cash Back after you spend $500 on purchases within 3 months from account opening
  • 0% Intro APR: Get 0% APR on purchases and balance transfers for the first 15 months, then a variable APR of 19.99% - 29.99%. There is a balance transfer fee of Balance transfer fee applies.
  • Foreign Transaction Fee: None

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved02/01/2023
661
Experian
$5,000
Approved02/01/2023
729
TransUnion
$5,000
Approved05/11/2023
815
Not Provided
$10,000
Approved06/08/2023
620
Not Provided
$5,000
Approved07/26/2023
775
Experian
$3,000
Approved09/08/2023
659
Experian
$2,000
Approved09/08/2023
670
Equifax
$2,000
Approved08/22/2023
610
Experian
$3,000
Approved08/22/2023
619
Equifax
$3,000
Approved08/22/2023
697
TransUnion
$3,000
Approved02/10/2023
660
Not Provided
$500
Approved02/12/2023
657
TransUnion
$1,000

Chase Freedom Flex(SM)

The Chase Freedom Flex(SM) offers a long list of benefits. It offers a signup bonus and up to 5% cash back. And it manages all of this without charging an annual fee. You also get some nice travel benefits.

The 5% cash back includes rotating categories that change each quarter. This is the only rotating card we recommend. Why? Because it pays out elevated rewards in more than just rotating categories.

Rewards:

1% cash back
On all other eligible purchases
1% cash back on all other purchases
3% cash back
Drugstores
3% cash back on drugstore purchases
3% cash back
Dining
3% cash back on dining at restaurants, including takeout and eligible delivery services
5% cash back
Rotating Categories
5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
5% cash back
Travel
5% cash back on travel purchased through Chase Ultimate Rewards

  • Annual Fee: $0
  • Welcome Bonus: Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening Plus, earn 5% cash back on combined gas station and grocery store purchases (excluding Target and Walmart) on up to $12,000 spent in the first year.
  • 0% Intro APR: 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49%–29.24%.
  • Foreign Transaction Fee: 3% of the amount of each transaction in U.S. dollars

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved04/02/2023
741
TransUnion
$14,000
Approved04/02/2023
748
Experian
$14,000
Approved08/02/2023
800
Not Provided
$19,000
Approved10/24/2023
800
Not Provided
$8,600
Approved09/03/2023
795
Experian
$22,500
Approved09/03/2023
847
TransUnion
$22,500
Approved06/02/2023
789
TransUnion
$12,000
Approved06/02/2023
791
Experian
$12,000

Read Our Review

Blue Cash Everyday® Card from American Express

With the Blue Cash Everyday® Card from American Express you’ll get 1% cash back on your everyday spending and up to 3% in bonus categories such as gas, groceries, and online shopping. All this for a $0 annual fee. Terms Apply.

Rewards:

1% cash back
On all other eligible purchases
1% cash back on all other eligible purchases.
3% cash back
U.S. supermarkets
3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
3% cash back
Select Categories
3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
3% cash back
Gas
3% Cash Back at U.S. gas stations, on up to $6,000 per year in purchases, then 1%.

  • Annual Fee: $0
  • Welcome Bonus: Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
  • 0% Intro APR: 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.24% - 29.99%.
  • Foreign Transaction Fee: 2.7% of each transaction after conversion to US dollars.

*Terms Apply

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved02/01/2023
727
Experian
$2,000
Approved09/24/2023
730
Experian
$2,000
Approved09/24/2023
735
Equifax
$2,000
Approved09/24/2023
790
TransUnion
$2,000
Approved05/21/2023
665
Experian
$5,000
Approved07/20/2023
770
Equifax
$6,000
Approved07/20/2023
772
Experian
$6,000
Approved07/20/2023
780
TransUnion
$6,000
Approved06/15/2023
730
Not Provided
$10,000

Wells Fargo Active Cash® Card

The Wells Fargo Active Cash® Card allows you to earn 2% cash back on all your purchases. There's also a welcome bonus, a 0% intro APR offer, and a $0 annual fee.

Rewards:

2% cash back
All eligible purchases
Earn unlimited 2% cash rewards on purchases

  • Annual Fee: $0
  • Welcome Bonus: Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months
  • 0% Intro APR: 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.24%, 25.24% or 29.99%.
  • Foreign Transaction Fee: 3% of each transaction converted to U.S. dollars.

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved04/20/2023
810
Not Provided
$2,000
Approved09/02/2023
746
Experian
$6,000
Approved09/02/2023
774
Equifax
$6,000
Approved09/02/2023
786
TransUnion
$6,000
Approved06/03/2023
820
Equifax
$30,000
Approved02/18/2023
800
Not Provided
$20,000
Approved06/23/2023
700
Experian
$30,000
Approved04/14/2023
756
Experian
$13,000
Approved10/23/2023
745
Equifax
$12,000
Approved04/26/2023
743
Experian
$8,000
Approved04/26/2023
751
TransUnion
$8,000
Approved04/26/2023
765
Equifax
$8,000
Approved10/04/2023
721
Experian
$16,000
Approved09/24/2023
763
Experian
$15,000
Approved09/24/2023
784
TransUnion
$15,000
Approved09/24/2023
792
Equifax
$15,000
Denied04/01/2023
744
TransUnion
---
Denied04/01/2023
747
Experian
---
Denied04/01/2023
767
Equifax
---

Citi® Double Cash Card - 18 month BT offer

Regular readers know this is one of my favorite credit cards. My wife and I have used the Citi® Double Cash Card - 18 month BT offer for years and earned thousands of dollars in cash back. The Citi® Double Cash Card - 18 month BT offer is about as simple on rewards as a credit card can be.

Rewards:

2% cash back
All eligible purchases
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

  • Annual Fee: $0
  • Welcome Bonus: Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of your Citi Double Cash® card account opening.
  • 0% Intro APR: Get 0% APY on balance transfers for the first 18 months, then a variable APR of 19.24% - 29.24%.
  • Foreign Transaction Fee: 3%

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved06/20/2023
803
Not Provided
---
Approved07/11/2023
667
Equifax
$3,000
Denied01/10/2023
737
Equifax
---

Bread Cashback™ American Express® Credit Card

The Bread Cashback™ American Express® Credit Card offers unlimited 2% cash back on purchases you make with the card.1 There's no annual fee and no foreign transaction fees.2

The card comes with American Express premium benefits including 24-hour emergency assistance, ID theft protection, and early access to buy tickets to concerts and other events.3 However, the card does not offer a welcome bonus. Learn More.

Rewards:

2% cash back
All eligible purchases
Earn 2% unlimited cash back when you use your Bread Cashback Card.

Purchase APR: 20.74, 31.24%, or 35.24% variable APR

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved06/12/2023
685
Experian
$3,500
Approved01/10/2023
664
Experian
$5,000
Approved01/17/2023
827
Equifax
$10,000
Approved01/17/2023
837
Experian
$10,000
Approved01/17/2023
837
TransUnion
$10,000
Approved02/09/2023
700
Experian
$5,000
Approved03/09/2023
724
Experian
$3,500
Approved11/21/2023
752
Experian
$6,750
Approved11/22/2023
827
Experian
$7,850
Approved02/21/2023
713
Experian
$6,000

Capital One Quicksilver Cash Rewards Credit Card

The Capital One Quicksilver Cash Rewards Credit Card is a good option for those who want to use just a single credit card. It pays 1.5% cash back on all purchases. Add a signup bonus and no annual fee, and the card easily makes our list of the top cashback credit cards.

Rewards:

1.5% cash back
On all other eligible purchases
Earn 1.5% cash back on all other eligible purchases
5% cash back
Hotels
Earn 5% cash back on hotels booked through Capital One Travel
5% cash back
Rental Cars
Earn 5% cash back on car rentals booked through Capital One Travel

  • Annual Fee: $0
  • Welcome Bonus: One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
  • 0% Intro APR: Get 0% APR on purchases and balance transfers for the first 15 months, then a variable APR of 19.99% - 29.99%.
  • Foreign Transaction Fee: None

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved07/08/2021
795
Equifax
$2,000
Approved07/08/2021
796
Experian
$2,000
Approved07/08/2021
819
TransUnion
$2,000
Approved10/05/2021
698
Not Provided
$3,000
Approved07/01/2021
640
Experian
$3,000
Approved06/01/2021
653
TransUnion
$3,000
Approved06/01/2021
656
Equifax
$3,000
Approved10/05/2021
677
TransUnion
$3,000
Denied06/30/2023
768
Not Provided
---

Capital One QuicksilverOne Cash Rewards Credit Card

The Capital One QuicksilverOne Cash Rewards Credit Card is a good option for those who have less than stellar credit. You get the same 1.5% cash back on all purchases, but you do pay an annual fee. The good news is that payments are reported to all three credit bureaus, enabling you to improve your credit score with on-time payments.

Rewards:  

1.5% cash back
All eligible purchases
Earn unlimited 1.5% cash back on every purchase, every day

  • Annual Fee: $39
  • Welcome Bonus: N/A
  • 0% Intro APR: None
  • Regular APR: 30.74% variable
  • Foreign Transaction Fee: None

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved06/01/2023
621
Not Provided
$2,000
Approved02/04/2022
800
Not Provided
$4,000

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

The Petal® 2 "Cash Back, No Fees" Visa® Credit Card is a good option for those who have no credit history. You can earn up to 1.5% cash back on all purchases and up to 10% cash back at select merchants. The card charges no fees and provides tools to help you improve your credit score. It reports to all three credit bureaus. However, you should be aware of the application process: you apply, and Petal funnels your application to whatever credit card they think you qualify for. After that, your only option is to accept it or reject it.

Rewards:  

1% cash back
All eligible purchases
1% cash back on eligible purchases right away
1.5% cash back
Select Categories
Up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments
2% cash back
Select Categories
2% - 10% cash back at select merchants

  • Annual Fee: $0
  • Welcome Bonus: N/A
  • 0% Intro APR: None
  • Regular APR: 18.24% - 32.24%
  • Foreign Transaction Fee: $0

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved08/08/2022
710
Experian
$4,500
Approved07/25/2022
751
Experian
$2,500
Approved07/25/2022
777
Equifax
$2,500
Approved07/25/2022
780
TransUnion
$2,500
Approved07/02/2022
655
Equifax
$2,600
Approved07/02/2022
670
Experian
$2,600
Approved07/02/2022
677
TransUnion
$2,600

Citi Custom Cash® Card

The Citi Custom Cash® Card launched in 2021 to compete against other 5% cash back cards with quarterly rotating categories. Those cards are popular due to the cash back rate, but many don't like that you have to sign up each quarter to get the 5%. On top of that, the higher rewards rate is limited to one or two categories per quarter.

Citi solved both of those limitations. First, there is no quarterly signup requirement. Second, you can earn 5% on up to $500 per month from one of several purchase categories that don't change. Citi simply applies the 5% rate to the eligible category in which you've spent the most. It seems like such an obvious solution that I'm surprised another credit card issuer didn't think of it sooner.

Rewards:  

1% cash back
On all other eligible purchases
Earn unlimited 1% cash back on all other purchases.
5% cash back
Select Categories
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.

  • Annual Fee: $0
  • Welcome Bonus: Earn $200 in cash back after you spend $1500 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: Get 0% APR on purchases and balance transfers for 15 months, then a variable APR of 19.24% - 29.24%.
  • Foreign Transaction Fee: 3%

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved02/06/2023
748
Experian
$3,800
Approved02/06/2023
759
TransUnion
$3,800
Approved02/06/2023
761
Equifax
$3,800
Approved10/04/2023
784
Experian
$5,300
Approved10/04/2023
801
TransUnion
$5,300
Approved10/04/2023
811
Equifax
$5,300
Approved09/13/2023
800
Not Provided
$11,600
Approved10/24/2023
720
Equifax
$8,000
Approved07/17/2023
790
Equifax
$3,000
Approved01/17/2023
800
TransUnion
$5,300
Denied05/12/2023
800
Not Provided
---

PNC Cash Rewards® Visa® Credit Card 

PNC Cash Rewards® Visa® Credit Card could be a good fit for you if you don't put a lot of expenses on a credit card and don't want to pay an annual fee. You'll earn between 2% and 4% on everyday purchases like gas, restaurants, and grocery stores, but there's a cap of $8,000 combined. After that, you'll earn just 1% cash back. You also get cell phone protection, up to $800, when you pay your wireless bill with your card.

Rewards:  

1% cash back
On all other eligible purchases
1% cash back on all other purchases.
2% cash back
U.S. supermarkets
2% cash back on grocery store purchases for the first $8,000 in combined purchases in these categories annually.
3% cash back
Dining
3% cash back on dining purchases at restaurants, including fast food for the first $8,000 in combined purchases in these categories annually.
4% cash back
Gas
Earn 4% cash back on gas station purchases for the first $8,000 in combined purchases in these categories annually.

  • Annual Fee: $0
  • Welcome Bonus: Earn a $200 Bonus after you make $1,000 or more in purchases during the first 3 billing cycles following account opening of a PNC Cash Rewards® Visa® Credit Card.
  • 0% APR Offer: Get 0% APR on balance transfers for the first 12 months, after that, your rate will be 19.24% to 30.24% variable, depending on creditworthiness.
  • Foreign Transaction Fee: 3% of each foreign transaction in U.S. dollars.

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved10/27/2023
775
Experian
$2,500
Approved02/01/2023
737
Equifax
$12,500
Approved02/01/2023
742
Experian
$12,500
Approved02/01/2023
752
TransUnion
$12,500
Approved01/26/2023
744
Experian
$12,500
Approved01/26/2023
752
TransUnion
$12,500
Approved01/26/2023
770
Equifax
$12,500
Approved01/31/2023
746
Experian
$11,500
Approved01/31/2023
788
Experian
$11,500
Denied07/30/2021
800
Not Provided
---
Denied01/13/2024
724
Not Provided
---

See More: Best Credit Cards for Everyday Spending

How Does Cash Back Work on a Credit Card?

Cash back on a credit card works by providing a percentage of the amount spent on the card back to the cardholder as a reward. This percentage can vary depending on the credit card and the spending category. For example, a card may offer 1% cash back on all purchases, but 5% cash back on groceries and gas.

The cash back rewards are usually accumulated over a period of time and can be redeemed in different ways, such as a statement credit, a deposit into the cardholder’s bank account, or a check. Some cash back credit cards may have a minimum threshold for redemption, such as $25 or $50.

To earn cash back rewards, the cardholder needs to make purchases with the cash back credit card. The cash back is then automatically credited to their account based on the percentage earned for each purchase. To maximize cash back earnings, cardholders can use their credit card for everyday purchases, such as groceries, gas, and dining out.

It’s important to note that some cash back credit cards may have restrictions or limitations on earning and redeeming rewards, such as expiration dates or spending caps. It’s important to read the terms and conditions of the credit card before applying to fully understand how the cash back rewards program works.

Pros and Cons of Using Cash Back Credit Cards

Cash back credit cards offer several benefits, but there are also some potential drawbacks to consider. Here are some of the pros and cons of using cash back credit cards:

Pros:

  • Rewards: Cash back credit cards provide an opportunity to earn rewards for purchases you are already making, which can be a great way to save money or earn cash.
  • Flexibility: Cash back rewards can typically be redeemed in multiple ways, such as statement credits or cash deposits, giving you flexibility in how you use your rewards.
  • Sign-up bonuses: Some cash back credit cards offer sign-up bonuses, which can provide a large amount of cash back or rewards for meeting certain spending requirements.
  • Promotional offers: Cash back credit cards may offer promotional offers, such as 0% introductory APR periods, which can be beneficial for people who want to make large purchases and pay them off over time.

Cons:

  • High interest rates: Cash back credit cards often come with higher interest rates compared to other credit cards, which can offset the value of rewards earned if you carry a balance.
  • Spending temptation: Cash back credit cards may tempt people to overspend in order to earn more rewards, which can lead to debt and financial problems.

It’s important to carefully consider these pros and cons when deciding whether or not to use a cash back credit card and to choose a card that aligns with your spending habits and financial goals.

How to Find the Best Cash Back Credit Card for You

When looking for the best cash back credit card for you, there are several factors to consider. Here are some tips to help you find the right card:

  • Evaluate your spending habits: Look at your current spending habits and identify the categories where you spend the most money. This can help you choose a card that offers the highest cash back rewards for your biggest expenses.
  • Consider the cash back rate: Look for a card that offers a high cash back rate in the categories where you spend the most money. Consider both flat-rate and tiered cash back credit cards to find the best fit.
  • Check for sign-up bonuses: Look for cards that offer sign-up bonuses that can help boost your rewards earnings. Make sure you understand the requirements to earn the bonus and whether it’s worth the effort.
  • Review redemption options: Make sure the card you choose offers redemption options that align with your preferences. For example, if you prefer to receive cash back, choose a card that offers statement credits or direct deposits.
  • Consider annual fees and other costs: Look for cards with no annual fee or with an annual fee that is offset by the cash back rewards you’ll earn. Also, consider other costs such as foreign transaction fees, balance transfer fees, and late payment fees.
  • Check for additional perks: Some cash back credit cards offer additional perks, such as travel insurance or purchase protection. Consider these perks when choosing a card.
  • Compare multiple cards: Finally, compare multiple cash back credit cards to find the one that offers the best rewards program, fits your spending habits, and meets your financial needs.

By considering these factors, you can find the best cash back credit card for your specific situation and maximize your rewards earnings.

How to Make the Most of Your Cash Back Credit Card

If you have a cash back credit card, there are several strategies you can use to make the most of your rewards:

  • Choose the right card: Make sure you have a cash back credit card that matches your spending habits. Look for a card that offers bonus cash back in categories where you spend the most, such as groceries, gas, or dining out.
  • Pay your balance in full each month: To avoid paying interest charges, make sure you pay your credit card bill in full each month. This will also help you avoid the temptation to overspend and negate the benefits of your cash back rewards.
  • Maximize bonus categories: If your cash back card offers bonus cash back in certain categories, be sure to take advantage of those offers by using your card for those purchases.
  • Use your card for everyday expenses: Use your cash back credit card for everyday purchases, such as groceries, gas, and utility bills. This will help you accumulate cash back rewards quickly.
  • Redeem your rewards strategically: Consider redeeming your rewards for statement credits or bank deposits, rather than merchandise or gift cards, to maximize their value. Additionally, some cash back credit cards may offer bonuses for redeeming rewards in certain ways, so be sure to check for those opportunities.

Also, as I noted above, we save and invest all of our credit card rewards. Over time, we've built a 5-figure portfolio just from credit cards. I'm confident it will soon be 6-figures. Here's the strategy we follow:

Do Cash Back Cards Actually Give You Cash?

Yes and no. It’s not cash, as in $100 bills – but it is money, versus say, travel rewards or gift cards. With a cash back credit card, you earn a percentage of your purchases back in the form of cash rewards. This can typically be redeemed for a statement credit, a deposit into your bank account, or a physical check mailed to you.

The exact redemption options and procedures will depend on the specific cash back credit card you have, so it’s important to read the card’s terms and conditions to understand how the rewards program works. Additionally, some cash back credit cards may have minimum redemption thresholds or restrictions on when you can redeem your rewards.

Is Cash Back from a Credit Card Taxable?

In most cases, cash back rewards from a credit card are not taxable. The IRS considers credit card rewards to be rebates or discounts on purchases, rather than taxable income. This means that you typically don’t need to report cash back rewards as income on your tax return.

However, there are some exceptions. For example, if you receive cash back rewards in exchange for opening a new credit card account, the issuer may report the value of the reward to the IRS as taxable income. Additionally, if you earn rewards through business purchases, the IRS may consider those rewards to be taxable income for your business.

It’s always a good idea to consult a tax professional if you’re unsure about how to report credit card rewards on your tax return.

Why Do Credit Cards Give Cash Back?

Credit card companies offer cash back rewards as a way to incentivize customers to use their credit cards more frequently and to attract new customers. By offering cash back, credit card companies hope to encourage customers to spend more money on their credit cards, which in turn generates more revenue for the credit card issuer through transaction fees and interest charges.

Additionally, cash back rewards can be a way for credit card companies to differentiate themselves from competitors and build customer loyalty. Customers who feel like they’re getting something in return for using their credit card may be more likely to continue using that card and recommend it to others.

Overall, offering cash back rewards can be a win-win for credit card companies and customers. Customers can earn rewards for their purchases, while credit card companies can increase their revenue and customer loyalty.

List of Cash Back Credit Cards

We track dozens of cash back cards. Below you'll find a list of those cards, ordered by signup bonus, if any. You can click the card name to get more details about each offer. Remember that signup bonuses have spending requirements you must meet to qualify. Sometimes, the signup bonus is in the form of increased cash back rates the first year, subject to spending caps.

Rewards
1% - 4%
Annual Fee
$0
Rewards
1% - 5%
Annual Fee
$0
Rewards
1%
Annual Fee
$39
Rewards
1% to 5%
Annual Fee
$95
Rewards
2% to 3%
Annual Fee
$0
Rewards
1% to 3%
Annual Fee
$0 to $39
Rewards
1% cash back
Annual Fee
Program fee of up to $95.00 (one-time fee). Annual fee of $75 for first year, after that, $48 annually. Plus a Monthly Servicing Fee of $0 for the first year, then $99 annually ($8.25 per month).
Rewards
0.5% to 1%
Annual Fee
$60
Rewards
Up to 5% off at Target and Target.com
Annual Fee
$0
Rewards
1.5% - 10% cash back
Annual Fee
$0
Rewards
1% to 4% cash back
Annual Fee
$0
Rewards
1% to 3% cash back
Annual Fee
$0
Rewards
2% - 3%
Annual Fee
$0
Rewards
1% to 4% cash back
Annual Fee
$0 (requires Costco membership)
Rewards
1% to 5% cash back
Annual Fee
$0
Rewards
1% - 10%
Annual Fee
$0
Rewards
1% to 5%
Annual Fee
No annual fee
Rewards
1.5% to 5% cash back
Annual Fee
$0
Rewards
1.5% - 5%
Annual Fee
$0
Rewards
1% - 2%
Annual Fee
No annual fee
Rewards
1%-6%
Annual Fee
$0 intro annual fee for the first year, then $95.
Rewards
1.5% cash back
Annual Fee
$0
Rewards
2%
Annual Fee
$0
Rewards
1% to 5%
Annual Fee
$0
Rewards
1% to 5% cash back
Annual Fee
$0 intro annual fee the first year, $95 thereafter
Rewards
1 to 3% cash back
Annual Fee
$0
Rewards
1% - 5%
Annual Fee
$0
Rewards
1% to 3%
Annual Fee
None
Rewards
1% to 3% cash back
Annual Fee
$0
Rewards
2%-5%
Annual Fee
$195
Rewards
1% - 5% cash back
Annual Fee
$0
Rewards
1%-4%
Annual Fee
$0
Rewards
1.5% to 2%
Annual Fee
$495
Rewards
1.5x to 5x miles
Annual Fee
$0
Rewards
1% - 5% cash back
Annual Fee
$0
Rewards
1.5% or 1x points
Annual Fee
$0 first year, and then $125
Rewards
1% to 5% cash back
Annual Fee
$0
Rewards
1% - 5% Cash Back
Annual Fee
$0
Rewards
1% - 5%
Annual Fee
$95
Rewards
1% - 3% cash back
Annual Fee
$0
Rewards
2% cash back
Annual Fee
$0
Rewards
1.5% to 6% cash back
Annual Fee
$0 for the first year, then $95
Rewards
1% to 3% cash back
Annual Fee
$0
Rewards
1% - 5%
Annual Fee
$0
Rewards
1% - 5%
Annual Fee
$0
Rewards
1% - 4%
Annual Fee
$0
Rewards
1.5% cash back
Annual Fee
$0
Rewards
1.5%
Annual Fee
$0
Rewards
1% to 3%
Annual Fee
$0
Rewards
1% - 2%
Annual Fee
$0
Rewards
2% to 5%
Annual Fee
$150
Rewards
1% - 4%
Annual Fee
$0
Rewards
1.5-3.0%
Annual Fee
$0
Rewards
1% to 5%
Annual Fee
$0
Rewards
1% - 2%
Annual Fee
$0
Rewards
1 stamp
Annual Fee
$0
Rewards
1% to 3%
Annual Fee
$0
Rewards
1.5% to 2% Cash Back
Annual Fee
$0
Rewards
1% - 5%
Annual Fee
$0

Frequently Asked Questions

What credit card gives you the most cash back?

The answer depends on how much and where you spend the most. Arguably the highest is the Blue Cash Preferred Card by American Express, listed above. However, many people might earn more cash back by using a 2% cash back card for every purchase.

Which credit cards offer 2% or more cash back?

There are a few credit cards that pay 2% or more on every purchase. These include the Wells Fargo Active Cash Card and the Citi Double Cash Card (earn 1% on your purchases and another 1% when you pay them off).