Cash Back Credit Cards

When you use your cash back card to make a purchase with a merchant, that merchant pays the card issuer a fee known as the interchange fee. Pocket part of this fee and start earning. Walletero has reviewed its extensive archive of card offers to present you with our top recommendations below.

Our Picks

Citi® Double Cash Card - 18 Mo. Bal. Transfer Offer

For good to excellent credit Recommended
Rewards Rate
2.00%
Rewards Rate
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  • Introductory APR : 0% 18 Months on Transfers only
  • Annual Fee : $0 Annual Fee
  • Introductory Bonus : N.A. Intro. Bonus

Quicksilver® from Capital One®

For excellent credit Recommended
Rewards Rate
1.50%
Rewards Rate
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  • Introductory APR : 0% 15 Months on Purch. and BT
  • Annual Fee : $0 Annual Fee
  • Introductory Bonus : $150 Intro. Bonus

Don’t Miss

5% on Select Categories$200 Intro Bonus

Chase Freedom® Credit Card

$0 Annual Fee0% Intro APR on Purch. andBalance Transfers for 15 Mo.

Apply Now
5% on Select Categories$150 Intro Bonus

U.S. Bank Cash+™ Visa Signature® Card

$0 Annual Fee0% Intro APR on BalanceTransfers for 12 Months

Apply Now
5% on Select CategoriesCashback Match

Discover it® Cash Back

$0 Annual Fee0% Intro APR on Purch. andBalance Transfers for 14 Mo.

Apply Now

Citi® Double Cash Card - 18 Mo. Bal. Transfer Offer

2.00%
Rewards Rate
Read more
  • Introductory APR : 0% 18 Months on Transfers only
  • Annual Fee : $0 Annual Fee
  • Introductory Bonus : N.A. Intro. Bonus

Quicksilver® from Capital One®

1.50%
Rewards Rate
Read more
  • Introductory APR : 0% 15 Months on Purch. and BT
  • Annual Fee : $0 Annual Fee
  • Introductory Bonus : $150 Intro. Bonus

Chase Freedom® Credit Card

5.00-1.00%
Rewards Rate
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  • Introductory APR : 0% 15 Months on Purch. and BT
  • Annual Fee : $0 Annual Fee
  • Introductory Bonus : $200 Intro. Bonus

U.S. Bank Cash+™ Visa Signature® Card

5.00-1.00%
Rewards Rate
Read more
  • Introductory APR : 0% 12 Months on BT only
  • Annual Fee : $0 Annual Fee
  • Introductory Bonus : $150 Intro. Bonus

Discover it® Cash Back

5.00-1.00%
Rewards Rate
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  • Introductory APR : 0% 14 Months on Purch. and BT
  • Annual Fee : $0 Annual Fee
  • Introductory Bonus : Varies Intro. Bonus

Savor® Rewards From Capital One® 

4.00-1.00%
Rewards Rate
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  • Introductory APR : N.A. No Intro. APR
  • Annual Fee : $95 Annual Fee
  • Introductory Bonus : $300 Intro. Bonus

Bank of America® Cash Rewards Credit Card

3.00-1.00%
Rewards Rate
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  • Introductory APR : 0% 15 Months on Purch. and BT
  • Annual Fee : $0 Annual Fee
  • Introductory Bonus : $200 Intro. Bonus

Deserve® Edu Mastercard for Students

1.00%
Rewards Rate
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  • Introductory APR : N.A. No Intro. APR
  • Annual Fee : $0 Annual Fee
  • Introductory Bonus : $0 Intro. Bonus

SavorOne® Rewards from Capital One®

3.00-1.00%
Rewards Rate
Read more
  • Introductory APR : 0% 15 Months on Purch. and BT
  • Annual Fee : $0 Annual Fee
  • Introductory Bonus : $150 Intro. Bonus

Discover it® Chrome Gas & Restaurants

2.00-1.00%
Rewards Rate
Read more
  • Introductory APR : 0% 14 Months on Purch. and BT
  • Annual Fee : $0 Annual Fee
  • Introductory Bonus : Varies Intro. Bonus

Top Considerations in Choosing a Cash Back Rewards Credit Card

Walletero

Cash back credit cards offer the one rewards perk which is universally liked: money. By using them responsibly, you can take advantage of your everyday spending to earn some extra cash.

How do cash back rewards cards work?

Cash back credit cards seek out your loyalty by offering you money back. They will earn you a percentage of the money you spend on them as cash back, which will vary depending on the spending category.

These spending categories include restaurants, groceries, gas, travel, and others. While some cards will offer you higher percentages in categories they specialize, others will earn you more by enrolling in or activating quarterly rewards programs.

How can credit card issuers offer cash back? By sharing some fees with you. You see, whenever you make a purchase with a merchant, your card issuer earns a percentage of the purchase as a fee, known as the interchange fee. Issuers share part of this fee with you as cash back.

Cash back percentages generally range between 1% and 5%. And the total amount of cash back you can earn in a given quarter or during the year will be capped to a maximum amount, unless the card issuer specifically offers an unlimited cash back percentage.

Some cards also come with an introductory bonus which you can earn provided you spend a minimum amount during a period of usually 3 months.

How much cash back can I get?

The amount of cash back you get from your card will depend mainly on 3 things:

  • Category: How much you spend on each cash back category and their reward percentage,
  • Volume: Your month-to-month purchase volume, and
  • Intro. Bonus: Whether your card comes with an introductory bonus.

You should consider cash back cards that can earn you at least 2% on average. That means that if you spend $1,000 on the card every month, you should be getting at least $240 per year in cash back, assuming you use the card consistently.

A number of cards offer introductory bonuses if you spend a certain amount within the first 3 months of account opening. For example, you may be offered a $150 bonus after you spend $500 on purchases in your first 3 months.

If your card comes with a bonus and you qualify for it, it means that your total cash back your first year will likely be larger than each of the rest of the years. The introductory bonus will be more important to you if you’re planning on holding on to your card for one year or less.

Be sure to read the terms and conditions of your rewards program to understand the details on how cash back is earned. Large cash back percentages are usually offered only on select categories and with quarterly or annual spending caps.

How do I redeem my cash back?

You can redeem your cash back in several ways:

  • Statement credit. You can often get your cash back as a credit to your current credit card balance.
  • Direct deposit. Some cards will require that you earn a minimum amount before you’re able to receive your cash back as a bank deposit. Some bank cards will make it simpler to get your cash back as a bank deposit if you open a checking or savings account with them.
  • Rewards / gift cards. You also can get your cash back by redeeming it for gift cards or other electronic rewards.

Is a cash back credit card right for me?

Cash back cards are a good choice if you pay your balance in full every month. If you carry a balance, your rewards can be reduced or even wiped out by running up interest charges. Don’t fall into the trap of overspending to get cash back.

If you run up your spending to get your introductory bonus when you first open an account, plan on paying off your balance as soon as possible to maximize the value of your bonus.

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