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What Are the Best Cash Back Credit Cards?

Emma MarroneVerified
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Summary：Discover, Chase, Citi, and American Express all offer great cash back credit cards for different spending habits. Choose wisely and earn rewards on your everyday purchases.

Cash back credit cards have become increasingly popular among consumers who are looking to earn rewards while spending money on everyday purchases. With so many options available, it can be overwhelming to decide which cash back credit card is the best fit for your spending habits and financial goals. In this article, we will explore some of the bestcash back credit cardson the market and what makes them stand out.

Discover it Cash Back

The Discover it Cash Back card is a great option for those who want to earn cash back on a variety of purchases. The card offers 5% cash back on rotating categories, such as gas stations, restaurants, and grocery stores, and 1% cash back on all other purchases. Discover also offers a unique feature called Cashback Match, where they will match all the cash back earned in the first year of card membership. This means that if you earn $500 in cash back during the first year, Discover will match that $500, giving you a total of $1,000 in cash back rewards.

Chase Freedom Unlimited

The Chase Freedom Unlimited card is another great option for earning cash back rewards. This card offers 1.5% cash back on all purchases, with no limit to how much you can earn. In addition, new cardholders can earn a $200 cash back bonus after spending $500 on purchases in the first 3 months of card membership. The card also offers an introductory 0% APR on purchases for the first 15 months, making it a great option for those who need to make a large purchase and want to pay it off over time without accruing interest.

Citi Double Cash

The Citi Double Cash card is a straightforward cash back credit card that offers 2% cash back on all purchases - 1% when you make the purchase and an additional 1% when you pay it off. This card has no annual fee and offers a long introductory 0% APR on balance transfers for the first 18 months. This makes it a great option for those who want to earn cash back rewards on all their purchases and also want to transfer high-interest debt from other credit cards.

American Express Blue Cash Preferred

The American Express Blue Cash Preferred card is a great option for those who spend a lot on groceries and gas. This card offers 6% cash back on up to $6,000 in annual spending at US supermarkets, 3% cash back on spending at US gas stations and on transit, and 1% cash back on all other purchases. The card also offers a $250 statement credit after spending $1,000 on purchases in the first 3 months of card membership. However, this card does come with a $95 annual fee.

Tips for Applying for a Cash Back Credit Card

When applying for a cash back credit card, it's important to consider your spending habits and financial goals. Look for a card that offers cash back on the purchases you make the most, such as gas, groceries, or dining out. Also, pay attention to the card's annual fee and interest rates, as these can affect your overall rewards earnings. Make sure to read the fine print and understand the card's rewards structure, including any caps or limits on how much cash back you can earn.

In addition, it's important to use your cash back credit card responsibly to avoid accruing debt. Make sure to pay your balance in full each month to avoid interest charges and late fees. Set a budget for your spending and stick to it to avoid overspending and racking up credit card debt.

Overall, cash back credit cards can be a great way to earn rewards on your everyday purchases. By choosing a card that fits your spending habits and financial goals, you can maximize your cash back earnings and enjoy the benefits of credit card rewards. Just make sure to use your card responsibly and pay your balance in full each month to avoid accruing debt.

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cash back credit cardsDiscover it Cash BackChase Freedom UnlimitedCiti Double CashAmerican Express Blue Cash Preferred
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