Cashback credit cards are a fantastic way to earn rewards on everyday spending, putting money back in your pocket with every purchase. Whether you’re a frequent shopper, a travel enthusiast, or someone who simply wants to maximize savings, the right cashback card can make a big difference. In [Current Year], several standout options offer competitive rewards rates, flexible redemption options, and valuable perks. Below, we’ve rounded up the best cashback credit cards to help you get the most out of your spending.
Best Flat-Rate Cashback Credit Cards
If you prefer simplicity and consistent rewards across all purchases, a flat-rate cashback card is an excellent choice. These cards offer the same reward percentage on every dollar spent, making them ideal for those who don’t want to track bonus categories.
1. Citi® Double Cash Card
This card is a favorite among cashback enthusiasts for its straightforward earning structure. You earn 2% cashback on all purchases—1% when you buy and another 1% when you pay your bill. There’s no annual fee, and the rewards never expire as long as your account remains open.
2. Fidelity® Rewards Visa Signature® Card
Another strong contender, this card offers 2% cashback on all purchases when redeemed into a Fidelity account. It’s perfect for investors looking to grow their savings while earning rewards on everyday spending.
Best Rotating Bonus Category Cards
For those who enjoy maximizing rewards by adapting spending habits to bonus categories, rotating cashback cards provide higher rewards in specific areas that change quarterly.
1. Discover it® Cash Back
This card offers 5% cashback in rotating quarterly categories (up to $1,500 in purchases per quarter, then 1%) and 1% on all other purchases. Discover also matches all cashback earned in the first year, effectively doubling your rewards.
2. Chase Freedom Flex℠
With 5% cashback in rotating quarterly categories (up to $1,500 per quarter), 5% on travel booked through Chase, 3% on dining and drugstores, and 1% on everything else, this card is a powerhouse for flexible rewards.
Best Cards for High Cashback in Specific Categories
If you spend heavily in certain areas like groceries, gas, or dining, a card tailored to those categories can yield significant rewards.
1. Blue Cash Preferred® Card from American Express
This card offers 6% cashback at U.S. supermarkets (up to $6,000 per year), 6% on select U.S. streaming services, 3% on transit and gas stations, and 1% on other purchases. Though it has an annual fee, the rewards can easily offset it for frequent spenders.
2. Capital One SavorOne Cash Rewards Credit Card
With 3% cashback on dining, entertainment, and grocery stores (excluding superstores like Walmart® and Target®), plus 1% on everything else, this no-annual-fee card is great for foodies and entertainment lovers.
Best No-Annual-Fee Cashback Cards
If you want to avoid annual fees while still earning solid rewards, these cards deliver great value without extra costs.
1. Chase Freedom Unlimited®
This card provides 1.5% cashback on all purchases, plus 5% on travel booked through Chase, 3% on dining and drugstores, and a welcome bonus for new cardholders.
2. Bank of America® Customized Cash Rewards Credit Card
Cardholders earn 3% cashback in a category of their choice (gas, online shopping, dining, travel, drugstores, or home improvement/furnishings), 2% at grocery stores and wholesale clubs (up to $2,500 per quarter), and 1% on everything else.
Conclusion
Choosing the right cashback credit card depends on your spending habits and financial goals. Whether you prefer a flat-rate card for simplicity, a rotating category card for higher rewards in specific areas, or a category-specific card for targeted spending, there’s an option to fit your needs. By selecting one of the top cashback cards in [Current Year], you can maximize your rewards and make every dollar count. Compare the features, fees, and redemption options to find the perfect match for your wallet.