Best Cashback Credit Cards: Discover the Available Options

When it comes to maximizing the benefits of using a credit card, cashback is a very advantageous way to get direct financial returns. 

The best cashback credit cards allow you to earn a percentage of your purchases back, which is a great incentive to use your card responsibly. 

Nowadays, with so many options available in the market, choosing the right cashback credit card can seem complicated. 

But don’t worry, as we will analyze what makes a cashback credit card stand out and which are the main options in the American financial market.

How does a cashback credit card work?

Believe it or not, a cashback credit card works quite simply. For each purchase made, a percentage of the amount spent is returned to the cardholder in the form of cashback. 

This percentage can vary between 1% and 5% depending on the card and the type of purchase. 

Often, cards offer different cashback categories: food, transportation, or entertainment, and some of these categories change throughout the year. 

Many of these cards also enable cashback to be redeemed in various ways, such as credit on the bill, deposit into a checking account, or credit in partner stores. 

The best cashback credit cards not only offer an attractive return rate but also come with other benefits that make them even more profitable. 

Check out the best cashback credit cards in the market

Understanding better how cashback credit cards work, let’s get to know the best alternatives available in the United States market for you. 

Each of them has unique features that suit different consumer profiles. Check them out!

Wells Fargo Active Cash Card

This is one of the most popular credit cards for those seeking simplicity and, at the same time, a good return on their daily purchases.

• Annual fee: $0
• Benefits: The Wells Fargo Active Cash Card offers unlimited 2% cashback on all purchases, without the need to track rotating categories. It also has a welcome bonus of $200 after spending $500 in the first three months.
• Disadvantages: Although it offers good cashback on all purchases, it does not provide specific bonus categories like other competing cards.

Chase Freedom Unlimited

The Chase Freedom Unlimited is a great choice for those who want to diversify the benefits offered by cashback.

• Annual fee: $0
• Benefits: This card offers 1.5% cashback on all purchases, in addition to 5% cashback on travel purchases made through the Chase Ultimate Rewards portal, 3% on dining (including delivery), and 3% on pharmacy purchases. It also offers an initial bonus of $200 after spending $500 in the first three months.
• Disadvantages: For those who prefer a simpler and constant cashback rate, the Chase Freedom Unlimited scheme might be a bit complex.

Discover it Cashback

The Discover it Cashback is famous for its generosity during the customer’s first year of use.

• Annual fee: $0
• Benefits: A unique feature of this card is that all cashback earned in the first year of use is doubled. It offers 5% cashback in rotating categories that change every quarter, such as supermarkets, gas stations, and restaurants, and 1% on all other purchases.
• Disadvantages: To make the most of this card, you need to keep track of the rotating categories and activate them manually each quarter, which can be inconvenient for some.

Bank of America Customized Cash Rewards

The Bank of America Customized Cash Rewards is ideal for those who like to customize their rewards.

• Annual fee: $0
• Benefits: This card offers 3% cashback in a category of your choice, such as food, gas, or online shopping, 2% at supermarkets and wholesale clubs, and 1% on all other purchases. It has a bonus of $200 after spending $1,000 in the first 90 days.
• Disadvantages: The elevated cashback limit in bonus categories (3% and 2%) is $2,500 in combined purchases each quarter. After that, the cashback decreases to 1%.

Citi Custom Cash Card

If you prefer flexibility, the Citi Custom Cash Card is an ideal option.

• Annual fee: $0
• Benefits: It offers 5% cashback on your highest spending category each billing cycle (up to $500 in purchases) and 1% on all other purchases. Categories include restaurants, gas stations, and supermarkets.
• Disadvantages: The $500 monthly limit on the highest spending category might be a disadvantage for those who make large monthly purchases.

Blue Cash Preferred Card from American Express

This card is the perfect option for families who spend a lot at supermarkets and on gas.

• Annual fee: $95 (waived only in the first year)
• Benefits: It offers 6% cashback at supermarkets (up to $6,000 annually), 6% on streaming services, 3% on public transportation and gas, and 1% on all other purchases.
• Disadvantages: The $95 annual fee might be an obstacle for those who prefer not to pay any fees, especially after the first year.

Citi Double Cash Card

This is one of the most practical and straightforward cashback cards in the financial market.

• Annual fee: $0
• Benefits: The Citi Double Cash Card offers 2% cashback on all purchases, with 1% at the time of purchase and an additional 1% when payment is made. There’s no need to worry about categories or limits.
• Disadvantages: Unlike other cards on this list, it does not offer a welcome bonus.

Capital One SavorOne Cash Rewards

For food lovers and entertainment enthusiasts, the Capital One SavorOne Cash Rewards is great for you.

• Annual fee: $0
• Benefits: The card offers 3% cashback at restaurants, entertainment, streaming, and supermarkets, and 1% on all other purchases. Additionally, it also has a $200 initial bonus after spending $500 in the first three months.
• Disadvantages: The bonus categories are excellent for those who frequently spend at restaurants and entertainment, but not so much for those seeking cashback on daily purchases or gas.

 

Choosing among the best cashback credit cards might seem complicated, but by considering your spending habits and the benefits offered by each card, you can find the perfect option to use your rewards in the best way possible. 

The important thing is to analyze and understand your consumption profile, then choose the card that offers you the best return based on your reality. 

Get to know the best cashback credit cards, because it’s time to make the right decision and fully enjoy your rewards! Don’t waste time.

Also, read our post on how to maximize the use of credit card rewards and check out several strategies to do so.