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You are here: Home / Credit Cards / 11 Best Cash Back Credit Cards of 2023

11 Best Cash Back Credit Cards of 2023

February 27, 2023 by Rob Berger

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.

Best Cash Back Credit Cards
“Cash combined with courage in a time of crisis is priceless.” -Warren Buffett

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 2022, 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.

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.

  • One Reward Rate: 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.
  • Bonus Categories: Finally, some cards offer bonus rewards for certain categories of purchases, such as restaurants, groceries, or gas. 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%. This cards should supplement your everyday card if you want to maximize your rewards.
  • 5% Rotating Categories: These cards offer 5% cash back on specific categories of purchases that change every three months. 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
  • 3 Types of Cash Back Credit Cards
  • Best Cash Back Credit Cards
    • Citi® Double Cash Card - 18 month BT offer
    • Chase Freedom Unlimited®
    • Blue Cash Preferred® Card from American Express
    • U.S. Bank Cash+ Visa Signature Card
    • Capital One SavorOne Cash Rewards Credit Card
    • U.S. Bank Altitude Go Visa Signature Card
    • Chase Freedom Flex(SM)
    • Bread Cashback™ American Express® Credit Card
    • Capital One Quicksilver Cash Rewards Credit Card
    • Capital One QuicksilverOne Cash Rewards Credit Card
    • Petal 2 Visa Card
    • Citi Custom Cash Card
  • List of Cash Back Credit Cards
  • How to Maximize Cash Back Rewards
  • Frequently Asked Questions

Best Cash Back Credit Cards

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: None
  • 0% Intro APR: Get 0% APY on balance transfers for the first 18 months, then a variable APR of 18.49% - 28.49%.
  • Regular APR: 18.49% - 28.49%
  • Foreign Transaction Fee: 3% of the U.S. dollar amount of each purchase.
Read Our Review

Chase Freedom Unlimited®

The Chase Freedom Unlimited® is a cash back card offering 1.5% to 6.5% 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.

Rewards:

5% cash back
Travel
Earn 5% cash back on travel purchased through Chase Ultimate Rewards
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
1.5% cash back
On all other purchases
Earn 1.5% cash back on all other purchases

  • Annual Fee: $0
  • Welcome Bonus:
    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 19.49% - 28.24%.
  • Regular APR: 19.49% - 28.24%
  • Foreign Transaction Fee: 3% of the amount of each transaction in U.S. dollars.

On top of that, it offers a signup bonus that increases the reward rate on all categories in the first year.

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 the grocery store (subject to spending caps). What many don't know, however, is that it also offers 6% cash back on select streaming services. For those that 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 (Terms Apply):

Rewards:

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
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
1% cash back
On all other purchases
1% cash back on all other eligible purchases

  • Annual Fee: $95, waived for the first year
  • Welcome Bonus: Get $250 cash back after you spend $3,000 in the first 6 months.
  • 0% Intro APR: Get 0% on purchases for 12 months, then a variable APR of 18.74% - 29.74%.
  • Regular APR: 18.74% - 29.74%
  • Foreign Transaction Fee: 2.7% of each transaction after conversion to US dollars.
Read Our Review

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.

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
2% cash back
Rotating Categories
2% cash back on one everyday category, like Gas Stations and EV Charging Stations, Grocery Stores or Restaurants
1% cash back
On all other purchases
1% cash back on all other purchases
  • Annual Fee: $0
  • Welcome Bonus: Get a $200 bonus after you spend $1,000 in the first 120 days after account opening
  • 0% Intro APR: Get 0% APR on purchases and balance transfers for the first 15 billing cycles, then 18.99% - 28.99% variable.
  • Regular APR:  18.99% - 28.99%
  • Foreign Transaction Fee: 2% 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
Read Our Review

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:

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
8% cash back
Entertainment
Earn 8% cash back on Capital One Entertainment purchases
3% cash back
U.S. 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
1% cash back
On all other purchases
1% cash back on all other purchases

  • Annual Fee: $0
  • Welcome Bonus: Get $200 cash back after you spend $500 in the first 3 months.
  • 0% Intro APR: Get 0% APR on purchases and balance transfers for the first 15 months, then a variable APR of 19.24% - 29.24%.
  • Regular APR:  19.24% - 29.24%
  • Foreign Transaction Fee: None
Read Our Review

U.S. Bank Altitude Go Visa Signature Card

The U.S. Bank Altitude Go Visa Signature Card combines a generous signup bonus with up to 4x in rewards. There is no annual fee, plus you get a $15 credit for annual streaming services like Netflix or Disney +, and 2x points on streaming services as well.

Rewards:

4x points
Dining
Earn 4x points on dining, takeout and restaurant delivery.
2x points
U.S. supermarkets
Earn 2x points at grocery stores and grocery delivery.
2x points
Streaming services
Earn 2x points on streaming services.
2x points
Gas
Earn 2x points at gas stations and EV charging stations.
1x points
On all other purchases
Earn 1x points on all other eligible purchases.

  • Annual Fee: $0
  • Welcome Bonus: Get 20,000 bonus points when you spend $1,000 in the first 90 days.
  • 0% Intro APR: Get 0% APR on purchases and balance transfers for the first 12 billing cycles, then 19.49% - 28.49% variable.
  • Regular APR: 19.49% - 28.49%
  • Foreign Transaction Fee: None
Read Our Review

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:

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
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
1% cash back
On all other purchases
1% cash back on all other purchases

  • Annual Fee: $0
  • Welcome Bonus: Get a $200 bonus after you spend $500 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 19.24% - 27.99%.
  • Regular APR: 19.24% - 27.99%
  • Foreign Transaction Fee: 3% of the amount of each transaction in U.S. dollars.
Read Our Review

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: 19.74%, 27.24%, or 29.99% variable APR


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:

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
1.5% cash back
On all other purchases
Earn 1.5% cash back on all other eligible purchases

  • Annual Fee: $0
  • Welcome Bonus: Earn a one-time $200 cash bonus when you spend $500 in the first 3 months.
  • 0% Intro APR: Get 0% APR on purchases and balance transfers for the first 15 months, then a variable APR of 19.24% - 29.24%.
  • Regular APR: 19.24% - 29.24%
  • Foreign Transaction Fee: None
Read Our Review

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: None
  • 0% Intro APR: None
  • Regular APR: 29.74%
  • Foreign Transaction Fee: None
Read Our Review

Petal 2 Visa Card

The Petal 2 Visa 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.

Rewards:  

  • Annual Fee: $0
  • Welcome Bonus: None
  • 0% Intro APR: None
  • Regular APR: 17.49% - 31.49% Variable
  • Foreign Transaction Fee: None
Read Our Review

Citi Custom Cash Card

The Citi Custom Cash Card is a new offer from Citi. It aims 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:  

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.
1% cash back
On all other purchases
Earn unlimited 1% cash back on all other purchases.

  • Annual Fee: $0
  • Welcome Bonus: Get $200 cash back when you spend $1,500 in the first 6 months.
  • 0% Intro APR: Get 0% APR on purchases and balance transfers for 15 months, then a variable APR of 18.49% - 28.49%.
  • Regular APR: 18.49% - 28.49%
  • Foreign Transaction Fee: 3% of each purchase transaction in US dollars.
Read Our Review

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 spend 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.

Ink Business Unlimited® Credit Card
Rewards
1.5%
Annual Fee
$0
Signup Bonus
$750
U.S. Bank Business Leverage® Visa Signature® Card
Rewards
1% to 5% cash back
Annual Fee
$95
Signup Bonus
$750
Capital One Spark Cash Plus
Rewards
2% to 5%
Annual Fee
$150
Signup Bonus
$500
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
Rewards
1% - 5% Cash Back
Annual Fee
$0
Signup Bonus
$500
Revenued Business Card Visa® Commercial Card
Rewards
3%
Annual Fee
$0
Signup Bonus
$500
Chase Freedom® Student credit card
Rewards
1%
Annual Fee
$0
Signup Bonus
$50
Capital One SavorOne Student Cash Rewards Credit Card
Rewards
1 to 3% cash back
Annual Fee
$0
Signup Bonus
$50
Aspiration Zero Credit Card
Rewards
0.5% to 1%
Annual Fee
$60
Signup Bonus
$300
Capital One Savor Rewards Credit Card
Rewards
1-5%
Annual Fee
$95
Signup Bonus
$300
SoFi Credit Card
Rewards
2x points and up to 3% cash back
Annual Fee
$0
Signup Bonus
$300
Blue Cash Preferred® Card from American Express
Rewards
1%-6%
Annual Fee
$95
Signup Bonus
$250
American Express Blue Business Cash™ Card
Rewards
1% - 2%
Annual Fee
$0
Signup Bonus
$250
Hotels.com® Rewards Visa® Credit Card
Rewards
1 stamp
Annual Fee
$0
Signup Bonus
$250
U.S. Bank Altitude Go Visa Signature Card
Rewards
1x-4x
Annual Fee
$0
Signup Bonus
20,000 Points
Capital One Spark Miles Select for Business
Rewards
1.5x
Annual Fee
$0
Signup Bonus
20,000 Miles
U.S. Bank Cash+ Visa Signature Card
Rewards
1% - 5%
Annual Fee
$0
Signup Bonus
$200
Blue Cash Everyday® Card from American Express
Rewards
1%-3%
Annual Fee
$0
Signup Bonus
$200
Capital One Quicksilver Cash Rewards Credit Card
Rewards
1.5%
Annual Fee
$0
Signup Bonus
$200
Chase Freedom Unlimited®
Rewards
1.5% - 5%
Annual Fee
$0
Signup Bonus
$200
Bank of America® Unlimited Cash Rewards Credit Card
Rewards
1.5%
Annual Fee
$0
Signup Bonus
$200
Upgrade Cash Rewards Visa®
Rewards
1.5%
Annual Fee
$0
Signup Bonus
$200
American Express Cash Magnet® Card
Rewards
1.5%
Annual Fee
$0
Signup Bonus
$200
Capital One SavorOne Cash Rewards Credit Card
Rewards
1-3%
Annual Fee
$0
Signup Bonus
$200
PNC Cash Rewards® Visa® Credit Card
Rewards
1% - 4%
Annual Fee
$0
Signup Bonus
$200
Citi Custom Cash Card
Rewards
1% - 5%
Annual Fee
$0
Signup Bonus
$200
Chase Freedom Flex(SM)
Rewards
1% - 5%
Annual Fee
$0
Signup Bonus
$200
Wells Fargo Active Cash Card
Rewards
2%
Annual Fee
$0
Signup Bonus
$200
Amazon Business Prime American Express Card
Rewards
1% to 5%
Annual Fee
$0
Signup Bonus
$125
New Business Card! Ink Business Premier(SM) Credit Card
Rewards
2%-5%
Annual Fee
$195
Signup Bonus
$1,000
Wells Fargo Business Elite Signature Card
Rewards
1.5% or 1x points
Annual Fee
$125
Signup Bonus
$1,000
Amazon Prime Rewards Visa Card
Rewards
1% - 5%
Annual Fee
$0
Signup Bonus
$100
PayPal Cashback Mastercard
Rewards
2% to 3%
Annual Fee
$0
Signup Bonus
$100
DoorDash Rewards Mastercard®
Rewards
1% - 4%
Annual Fee
$0
Signup Bonus
$100
Journey Student Rewards from Capital One
Rewards
1% - 5%
Annual Fee
$0
Signup Bonus
None
Apple Card
Rewards
1% to 3% cash back
Annual Fee
$0
Signup Bonus
None
Discover It® Secured Credit Card
Rewards
1% - 2%
Annual Fee
$0
Signup Bonus
None
Venmo Credit Card
Rewards
1% to 3%
Annual Fee
$0
Signup Bonus
None
HSBC Cash Rewards Credit Card
Rewards
1.5-3.0%
Annual Fee
$0
Signup Bonus
None
Alliant Cashback Visa® Signature Credit Card
Rewards
1.5-2.5%
Annual Fee
$0
Signup Bonus
None
Mastercard® Black Card™
Rewards
1.5% to 2%
Annual Fee
$495
Signup Bonus
None
Capital One Quicksilver Secured Cash Rewards Credit Card
Rewards
1.5%
Annual Fee
$0
Signup Bonus
None
Bank of America® Customized Cash Rewards Secured Credit Card
Rewards
1-3%
Annual Fee
$0
Signup Bonus
None
Capital One QuicksilverOne Cash Rewards Credit Card
Rewards
1.5%
Annual Fee
$39
Signup Bonus
None
Petal 2 Visa Card
Rewards
1% - 1.5%
Annual Fee
$0
Signup Bonus
None
Abound Platinum Visa® Credit Card
Rewards
1% to 5%
Annual Fee
$0
Signup Bonus
None
Bread Cashback™ American Express® Credit Card
Rewards
2% Cash Back
Annual Fee
$0
Signup Bonus
None
Key Cashback® Credit Card
Rewards
1.5% to 2% Cash Back
Annual Fee
$0
Signup Bonus
None
Citi® Double Cash Card - 18 month BT offer
Rewards
1% to 2%
Annual Fee
$0
Signup Bonus
None
The Owner’s Rewards Card by M1
Rewards
1.5% - 10%
Annual Fee
$95
Signup Bonus
None
Capital One Spark Cash Select - 0% Intro APR for 12 Months
Rewards
1.5% to 5%
Annual Fee
$0
Signup Bonus
None
Costco Anywhere Visa® Card by Citi
Rewards
1%-4%
Annual Fee
$0
Signup Bonus
None
Credit One Bank(R) Platinum Visa(R)
Rewards
1%
Annual Fee
$39
Signup Bonus
None
Synchrony Premier World Mastercard®
Rewards
2%
Annual Fee
$0
Signup Bonus
None
U.S. Bank Cash+® Visa® Secured Card
Rewards
1% - 5%
Annual Fee
$0
Signup Bonus
None
TD Cash Visa Credit Card
Rewards
1% to 3%
Annual Fee
$0
Signup Bonus
None
Verizon Visa Card
Rewards
1% - 4%
Annual Fee
$0
Signup Bonus
None
Discover It® Cash Back Credit Card
Rewards
1% - 5%
Annual Fee
$0
Signup Bonus
None
Discover It® Miles Card
Rewards
1.5 %
Annual Fee
$0
Signup Bonus
None

How to Maximize Cash Back Rewards

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:

Frequently Asked Questions

What credit card gives you the most cash back?

The answer depends on how you use the card. The highest paying cash back card on ALL purchase is the Alliant Credit Union Visa Signature card. It pays 2.5% on all purchases, subject to a spending cap of $10,000 per month. Many cards, however, pay more than 2.5% cash back for specific categories of purchases. Arguably the highest is the Blue Cash Preferred Card by American Express, listed above.

What types of cash back credit cards are there?

Cash back cards fall into one of three categories. The first type provides a set cash back percentage on all purchases. The second provides increased rewards for certain categories of purchases, such as travel or dining out. And finally, some cards offer an increased rewards level in rotating purchase categories that change every three months.

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 Alliant Credit Union Visa Signature card (2.5% cash back) and the Fidelity Visa card (2% paid into your Fidelity account).

How do cash back credit cards work?

With each purchase you make to the card, the issuer pays you a certain percentage of the amount charged. The percentage varies from one credit card to the next, the type of purchase being made, and in some cases how much you've already charged to the card. Cash back rewards generally range from 1% to 6%.

About Rob Berger

Rob Berger is the founder of allCards.com. He's written about personal finance and investing since 2007 and is the author of the highly acclaimed book, Retire Before Mom and Dad. He is a former litigation attorney in the securities field and the Founding Editor of Forbes Advisor.

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About Allcards.com

Rob Berger founded allcards.com in 2008 to help consumers make data-driven decisions about credit cards and banking. A retired trial attorney, he’s written about credit cards, banking and personal finance since 2007, and is the author of Retire Before Mom and Dad.

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Advertising Disclosure: allCards.com is an independent, advertising-supported blog offering financial product comparisons. We are compensated when users click links to or apply for sponsored financial products including, but not limited to, credit cards or bank/brokerage accounts. Credit card reviews and listings express the opinions of the author alone, and not those of any credit card issuer. The content has not been reviewed, approved or otherwise endorsed by the credit card advertisers. This compensation may impact how or where links appear on this site. This site does not include all available financial companies or offers.

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