What are the Top 10 Cash Back Credit Cards in 2021?

Cash back credit cards have been gaining popularity among consumers for their ability to earn rewards on everyday spending. With so many options available, it can be overwhelming to choose the right one. In this article, we will discuss the top 10 cash back credit cards in 2021, their benefits, and how to choose the best one for your needs.

1. Citi Double Cash Card

The Citi Double Cash Card is one of thebest cash back credit cardsavailable. It 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 a 0% intro APR for 18 months on balance transfers.

2. Chase Freedom Unlimited

The Chase Freedom Unlimited offers 1.5% cash back on all purchases and a $200 sign-up bonus after spending $500 within the first three months. This card has no annual fee and a 0% intro APR for 15 months on purchases and balance transfers.

3. Capital One Quicksilver Cash Rewards Credit Card

The Capital One Quicksilver Cash Rewards Credit Card offers 1.5% cash back on all purchases and a $200 sign-up bonus after spending $500 within the first three months. This card has no annual fee and a 0% intro APR for 15 months on purchases and balance transfers.

4. Blue Cash Preferred Card from American Express

The Blue Cash Preferred Card from American Express offers 6% cash back on groceries (up to $6,000 per year), 6% cash back on select streaming services, 3% cash back at gas stations and transit, and 1% cash back on all other purchases. This card has a $0 intro annual fee for the first year, then $95 per year.

5. Discover it Cash Back

The Discover it Cash Back offers 5% cash back on rotating categories (up to $1,500 per quarter) and 1% cash back on all other purchases. This card has no annual fee and a 0% intro APR for 14 months on purchases and balance transfers.

6. Bank of America Cash Rewards Credit Card

The Bank of America Cash Rewards Credit Card offers 3% cash back in a category of your choice (gas, online shopping, dining, travel, drug stores, or home improvement/furnishings) and 2% cash back at grocery stores and wholesale clubs (up to $2,500 per quarter). This card has no annual fee and a $200 sign-up bonus after spending $1,000 within the first 90 days.

7. Chase Freedom Flex

The Chase Freedom Flex offers 5% cash back on rotating categories (up to $1,500 per quarter), 5% cash back on travel purchased through Chase Ultimate Rewards, 3% cash back at restaurants (including takeout and delivery), and 1% cash back on all other purchases. This card has no annual fee and a $200 sign-up bonus after spending $500 within the first three months.

8. Wells Fargo Active Cash Card

The Wells Fargo Active Cash Card offers 2% unlimited cash rewards on purchases and a $200 sign-up bonus after spending $1,000 within the first three months. This card has no annual fee and a 0% intro APR for 15 months on purchases and balance transfers.

9. U.S. Bank Cash+ Visa Signature Card

The U.S. Bank Cash+ Visa Signature Card offers 5% cash back on two categories of your choice (up to $2,000 per quarter) and 2% cash back on one everyday category (gas, groceries, or restaurants). This card has no annual fee and a $150 sign-up bonus after spending $500 within the first 90 days.

10. Amazon Prime Rewards Visa Signature Card

The Amazon Prime Rewards Visa Signature Card offers 5% cash back on Amazon.com and Whole Foods Market purchases, 2% cash back at restaurants, gas stations, and drugstores, and 1% cash back on all other purchases. This card has no annual fee and a $100 Amazon gift card upon approval.

How to Choose the Best Cash Back Credit Card for You

When choosing a cash back credit card, consider your spending habits and whatrewards categorieswill benefit you the most. If you frequently shop at a particular store, you may want a card that offers cash back at that store. If you travel often, a card with travel rewards may be a better fit. Additionally, consider the annual fee, interest rates, and sign-up bonuses when making your decision.

Tips for Maximizing Your Cash Back Rewards

To maximize yourcash back rewards, use your card for everyday purchases and pay off your balance in full each month to avoid interest charges. Take advantage of sign-up bonuses and rewards categories by planning your spending accordingly. Some cards also offer additional benefits, such as extended warranties and purchase protection, which can save you money in the long run.

Avoiding Fees and Risks

To avoid fees and risks associated with credit cards, be sure to read the fine print and understand the terms and conditions of your card. Pay your balance on time to avoid late fees and interest charges. Be aware of any annual fees and balance transfer fees that may apply. Additionally, monitor your card for any unauthorized charges or fraud and report them immediately.

Conclusion

Cash back credit cards offer a great way to earn rewards on everyday purchases. With so many options available, it's important to choose the right one for your needs. Consider your spending habits, rewards categories, and fees when making your decision. By maximizing your rewards andavoiding fees and risks, you can make the most of your cash back credit card.