Best Cash Back Cards
- Earn cash back on your everyday purchases. Earn 2%, 5%, or even 10% cash back on qualifying purchases.
- Redeem cash back for statement credits, gift cards, merchandise, or even your next vacation!
- Make your cash back haul sweeter with a new card member bonus.
- Earn rewards without an annual fee.
- Terms vary by partner offer. Please see each bank’s application for terms and conditions.
- Clicking View Cards will take you to CreditCards.com to compare Cash Back cards from participating partners.
What are cash back credit cards?
Cash back credit cards are credit cards that give you cash back based on your credit card spending. For every dollar you spend on the top cash back credit cards, you will receive cash back. The amount of cash back you receive with the best cash back credit cards will vary based on the credit card you choose.
The best cash back rewards credit card for you will be based on a variety of factors. For example, analyze your spending to understand which your highest spending categories such as travel, hotels, airlines, rental cars, restaurants, gas or everyday purchases. This will help you compare the best cash back credit cards that match your spending categories.
Once you have found the 10 cash back credit cards or 5 cash back credit cards that match your spending preferences, you can compare them to find the credit card that works best for you. Whether you choose the highest cash back credit card or the best cash back credit cards for excellent credit, you should also consider the annual fee, cash back rate, sign-up bonuses and interest rate, among other factors.
Can you get cash back from a credit card?
Yes, cash back credit cards will give you cash back for every dollar you spend on the top cash back credit cards.
When you choose among the 5 cash back credit cards, you will find that you typically can earn 1-2% cash back on your credit card spending. The highest cash back credit card you choose will work best for you based on your personal spending categories. When you evaluate cash back credit card offers, you pay attention to cash back rewards, ways to redeem cash back, interest rate, sign-up bonus and annual fee.
How do the best cash back credit cards work?
The best cash back credit cards give you cash back based on your credit card spending. Typically, you receive a certain percentage of cash back based on your total spending each month or each year. When you compare the 10 cash back credit cards, you will find the amount of cash back varies by credit card.
You earn cash back either in a designated category or a rotating category. For example, some cash back credit offers will give you a fixed percentage based on your spending. This means that for these cash back credit cards you could receive 1.5% for all your credit card spending, for example.
Other cash back credit offers offer you certain percentages for different categories. For these cash back credit cards, this means that your every day purchases could earn one percentage, your gas purchases could earn another percentage and your travel purchases could earn yet another percentage.
Some of the best cash back cards offer rotating categories, which means the percentages may change each month or quarterly, for example, for specific categories. For example, supermarkets may be the highest cash back one month, but gas purchases may be the highest cash back category another month.
Finally, some of the best cash back credit cards offer additional cash back when you pay your credit bill.
How do you get approved for cash back credit card offers?
To get approved for the best cash back credit cards, you need to have strong credit or excellent credit. The stronger your credit, the higher likelihood that you will be approved for best cash back credit cards. To get approved for the best 10 cash back credit cards, credit card companies will evaluate your credit profile, income, other debt and your history of financial responsibility. Credit card companies offer the best cash back credit cards to customers have a history of financial responsibility who they can trust to repay their credit card balances in full. If you have a strong financial profile, you may qualify for the best cash back credit cards for excellent credit.
How should you choose the highest cash back credit card?
The highest cash back credit card is the one that will give you the most cash back based on your spending. When it comes to choosing the top cash back credit cards, you need to evaluate your specific spending. Once you analyze your spending, you can determine where you spend the most. For example, if you find that you spend the most for grocery or gas, you can pick the 3 cash back credit cards that have the highest cash back credit card for these categories. This allows you to match your spending with the highest cash back rewards.
The highest cash back credit card will always be specific to you and your spending. Therefore, it is important to understand whether the cash back credit cards have fixed cash back rewards or rotating cash back rewards. You can compare the best cash back cards on Make Lemonade to determine which categories match your spending habits. With rotating cash back rewards, the categories with the highest cash back rewards may change throughout the year. With these top cash back credit cards, try to time your purchases to match the rotating categories.
What is the best cash back rewards credit card for me?
The best cash back credit cards are based on your personal preference. There are no “best cash back cards” for everyone. Rather, the top cash back credit cards are the ones that you prefer based on several factors. Therefore, the best cash back rewards credit card is an individual choice. The best place to start is your spending, particularly the categories where you spend most frequently. Then, you can align your spending habits with the cash back credit card offers that best match your spending. The best cash back credit cards offer cash back in several popular categories such as travel, airlines, hotels, grocery, gas, restaurants and everyday spending, among others. Other factors that you should evaluate to find the best cash back rewards credit card for you include:
- Percentage cash back
- Cash back limits, if any
- Sign-up bonus
- Other perks
- Intro APR
- Ongoing APR
How do you redeem cash back with the best cash back credit cards?
With the best cash back credit cards, you can typically redeem cash back in one of the following ways:
1. Bank deposit: With this cash back redemption option, you receive your cash back directly into your bank account. For the best cash back cards, this is your top strategy to get cash back.
2. Statement Credit: This cash back redemption option puts the cash you earn directly on your credit card statement. The best cash back cards offer this redemption option. The good news is it usually appears within your statement within days.
3. Gift Cards: Cash back credit cards also provide an option for you to receive a gift card with your cash back balance. You can use this gift card with your cash back to spend with online retailers.
When looking for the best cash back rewards credit card, make sure that you can redeem cash back in the way you prefer.When it comes to the best cash back credit cards, also be sure to read the fine print. If you look at the 10 cash back credit cards that are most popular, each of them may have different redemption options for cash back. So, make sure you understand if there are any limits to cash back redemption.