While travel credit cards award you with miles, funding that fabulous vacation, sometimes you don’t need miles. Maybe you don’t have time to travel right now. Cash back is the king of credit card reward programs. Cash back can be used to pay your credit card bill and a variety of other things that are not covered by miles or dining points.
If you’re looking for the best cash back credit card, you’ve come to the right place! This article will name the best cash back credit cards that you can use to maximize your everyday purchase power and cover the luxuries that miles and points leave out.
Best Choice: First Year Cash Back Match
It’s hard to beat a dollar-for-dollar cash match for your whole first years’ cash back earned. Yes, you earn $50 cash back and they give you another $50. Earn 5% cash back quarterly for everyday purchases like those on Amazon.com, grocery stores, restaurants, gas stations, and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases — automatically.
Discover it Cash back Card
Discover it Cash back card will automatically give you a cash back match at the end of your first year. There is no minimum spending or maximum reward. Just dollar-for-dollar match. And the rewards never expire. Redeem as much as you want, whenever you want. This card has extra benefits as well.
Freeze it on/off switch instantly prevents new purchases in the event your card is lost/stolen. Free Fico score monitoring in easy to use format for monthly monitoring of your credit score.
Discover monitors your daily purchasing, looking for suspicious activity. The cardholder is never responsible for unauthorized purchases on their card. Fast, helpful USA-based customer service is available online or mobile. Discover offers you a $0 annual fee with this card.
0% intro APR for 14 months on purchases and balance transfers, 3% intro on balance transfers by October 10, 2020, then 11.99% to 22.99% standard variable purchase APR and up to 5% fee for future balance transfers will apply.
Best Choice: Balance Transfers
Citi Double Cash Card
Citi Double Cash card offers you 0% intro APR on balance transfers for 18 months; after that time the variable APR will be 13.99% – 23.99% based on your creditworthiness. There are no rewards for balance transfers. This card pays rewards in two ways. First, you earn 1% cash back on your purchases and second, 1% cash back on those credit card payments. Citi Double Cash has no reward categories to keep up with and there is no cap of your rewards earnings. And there is no annual fee.
Extra benefits of the Citi card include Citi Entertainment. Citi Entertainment gives you exclusive access to purchase tickets to thousands of events, including pre-sale tickets and cardholder exclusive experiences for the year’s most anticipated concerts, sporting events, dining, and much more.
Citi gives you 24-hour security surveillance of your card activities, early alert to fraud, and more. In the event your card is lost or stolen, Citi will provide a replacement with 24 hours and an emergency cash allowance. You are not responsible for unauthorized purchases online or in-store.
Best Choice: Take-Out and Dining-In
Capital One Savor Cash Rewards Card
Capital One Savor Cash Rewards Card is the perfect choice for people who are conscious of which credit card they use while they work to increase their rewards, but who are also unwilling to put a large amount of time into maximizing redemptions.
The Savor Card offers an unlimited 4% cash back on dining and entertainment, as well as 2% back at grocery stores and 1% on all other purchases. This 4% cash back is the highest offered across all credit cards for both dining and entertainment, which happen to be two categories that many people spend significant amounts of money on. And if you can get 2% on other purchases, it might be worth applying for.
Savor also offers a new cardholder reward of a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening. The Capital One Savor Card has a $95 annual fee. If a $0 annual fee is important to you, you may consider the Capital One SavorOne Card offering 3% cash back on purchases.
The Savor Card offers many extra benefits. No Foreign Transaction Fees when making a purchase outside of the United States. Travel accident insurance automatically covers loss at no extra charge when you purchase your fare on your card.
You’ll also get extended warranties at no charge on eligible items that are purchased with your credit card. And if your card is lost or stolen, you can get an emergency replacement within 24 hours. All the above benefits plus 5% back when using Uber eats for your dining experience.
The Savor Card offers 15.99% – 24.99% variable APR on purchases and 15.99% – 24.99% variable APR with no transfer fee on balance transfers.
Best Choice: Everyday Spending With No Fee
Blue Cash Everyday card
Blue Cash Everyday card American Express with no annual fee offers 3% cash back at supermarkets (up to $6,000 per year, after that, 1% back), and 2% cash back at gas stations, and 1% back on all other purchases.As a new cardholder, you can earn $150 statement credit after you spend $1,000 on purchases within the first three months. A low intro APR of 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% – 23.99%.
With this card’s PlanIt feature you have the option to select purchases of $100 or more to split up into monthly payments with a fixed fee and no interest. Cash back is received in the form of Reward Dollars that can be redeemed for statement credits.
Best Choice: Best Intro APR
Chase Freedom Unlimited Credit Card
Chase credit cards offers the Chase Freedom Unlimited credit card with 0% intro APR for 15 months from account opening on purchases. After the intro period, a variable APR of 14.99% – 23.74% on all purchases.
Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.
And earn 5% cash back on grocery store purchases (not including Target or Walmart purchases) up to $12,000 spent in the first year. This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months.
There is no annual fee and your cash back rewards never expire. This card includes many additional benefits. Fraud protection 24/7 with monitoring of your card activity for fraudulent charges sends a real-time message via text, email, or phone call to alert you unusual activity. Zero liability on fraudulent charges.
Extended warranty on new purchases for 120 days covers against damage or theft up to $500 per claim and $50,000 total per account.
Chase partners also receive 3 months of DashPass, Doordash’s subscription service that provides unlimited deliveries for a $0 delivery fee on eligible orders over $12 (other fees may apply). After 3 months, receive 50% enrollment in Doordash for the next 9 months.
And earn 5% cash back on Lyft rides through March 2022. That gives you 3.5% more cash back in addition to the 1.5% cash back you already earn.
Best Choice: Business Cash Back
The Spark Cash Card
It takes a lot of time and energy to track spending categories. The Capital One Spark Cash for business card is the one card to use for all purchases. The Spark Cash is a great card to add to your wallet if you’re looking to maximize cash back returns while still keeping 100% of your mental effort focussed on growing your business.
The Spark Cash earns 2% cash back on every purchase, with no cap to the cash back you receive each year. This card offers a sign-up bonus of $500 once you spend $4,500 on purchases within three months from the account opening.
This bonus is on top of the 2% cash back you’ll earn on all purchases. This means you’ll be earning an effective 13% return on the first $4,500 you spend within the first three months. That’s a great initial return for a flat-rate cash back business card with only a $95 annual fee that’s waived for the first year.
Maybe most importantly, you can get employee cards at no additional cost and you’ll be earning the same 2% cash back on their spending as well. Please note if employees are allowed to use the account, they will be authorized users and will have equal charging privileges unless you establish individual spending limits.
The Spark Cash card offers you zero fraud liability if your card is lost or stolen and you can get automatic fraud alerts via text, email, or phone call providing peace of mind business owners need.
When you rent a car for business purposes using your Spark Cash card, you can decline the rental car company’s collision insurance and be covered by the card up to the cash value of the vehicle in the case of theft or collision damage. This is valid on most rentals in the U.S. and abroad, and coverage is primary if the vehicle rental is for commercial and/or business purposes, which means you can file a claim without ever involving your own personal auto insurance policy. If you are renting for personal reasons, this coverage will be secondary.
Other benefits and perks of the Spark Cash card include purchase protection. Purchase protection covers eligible new purchases on your card for up to 90 days against damage or theft. Extended warranty protection doubles the manufacturer’s warranty on eligible new purchases made with your card.
When charging your airline ticket to your card, checked or carry-on luggage is covered if lost or stolen. And there are never any foreign transaction fees on purchases made overseas.
Accounting is easy with secure downloads of purchases in Excel, Quicken, or Quickbook formats. Name an employee as account manager and they can make company purchases and payments, review transactions, and resolve any problems on the account freeing you to do what you do best: grow your business.
Best Choice: Online Shopping
Bank of America Cash Rewards Credit Card
You’ll get 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. With no annual fee and your rewards never expire. With introductory rates of 0% APR for your first 12 billing cycles, a variable APR of 13.99% – 23.99% will apply after the intro offer ends. Online cash reward of $200 bonus after making at least $1,000 in purchases in the first 90 days of your new account opening.
Now with chip technology for enhanced security and fraud protection when making purchases at chip-enabled terminals in over 130 countries. $0 liability guarantee for fraudulent charges adds peace of mind. The card also offers monthly free FICO score monitoring.
Digital wallet technology gives you more ways to pay by adding your Bank of America credit card to your mobile device then shop in-store or in-app using Apple Pays, Google Pay, or Samsung Pay. With account alert protection and many other features, this card is packed with extras.
These Are the Best Cash Back Credit Cards for 2021
The above choices are the best cash back credit cards available. Offering lucrative rewards for everyday shopping, these cards are prime examples of cash back earning power. Use this article as you research the best cash back cards available and you’ll be on your way to enjoying your cash back rewards and churning your way to a fatter wallet.
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