Cash Back Credit Cards
While some credit cards have rewards that can be complicated to understand, the idea behind cash back credit cards is simple: cardholders receive percentage cash back from each transaction that they make. With many credit cards, you’ll receive a larger percentage cash back when you make a purchase in certain categories, such as at the gas pump, the grocery store, or on travel purchases. By choosing the cash back offer most suited to your spending needs, you will be able to save a sizable amount of money each month. The following are the most popular cash back credit cards offered by our partners:
Bank of America® Cash Rewards credit card
Why We Like It
$150 after spending $500 on purchases within 90 days
Rewards Rate
- 3% - Earn 3% on the category of your choice including gas, online shopping, dining, travel, drug stores, or home improvement /furnishings for the first $2,500 in combined choice category/grocery/wholesale club purchases each quarter
- 2% - Earn 2% at grocery stores and wholesale clubs for the first $2,500 in combined choice category/grocery/wholesale club purchases each quarter
- 1% - Earn 1% cash back on every purchase
Excellent/Good Credit Needed
Benefits & KEY FEATURES
- No annual fee
- $150 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
- NEW OFFER: Maximize your cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement /furnishings
- Now earn 3% cash back in your choice category and 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), and unlimited 1% on all other purchases
- You can update your choice category for future purchases once each calendar month using the Mobile banking app or Online banking, or do nothing and it stays the same.
- No expiration on rewards
- 0% Introductory APR for 12 billing cycles for purchases AND for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% - 26.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
- If you're a Preferred Rewards client, you can get a 25% - 75% rewards bonus on every purchase
Benefits & KEY FEATURES
Excellent/Good
CREDIT NEEDED
Intro APR Purchase
0% Introductory APR on purchases for 12 billing cycles
Intro APR for Balance Transfer
0% Intro APR for 12 billing cycles for balance transfers made in the first 60 days
Regular APR
16.24% - 26.24% Variable APR on purchases and balance transfers
Annual Fee
$0
Capital One® Savor® Cash Rewards Credit Card
Why We Like It
$500 after spending $3000 on purchases in the first 3 months
Rewards Rate
- 4% - Earn unlimited 4% cash back on dining and entertainment
- 2% - Earn 2% at grocery stores
- 1% - Earn 1% on all other purchases
- 8% - Earn 8% cash back on tickets at Vivid Seats through May 2020
Excellent/Good Credit Needed
Benefits & KEY FEATURES
- Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
- Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
- Receive a monthly statement credit for a Postmates Unlimited monthly membership through Dec. 2019 with the Capital One Savor Card
- No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
- No foreign transaction fees
- Capital One cardholders get access to premium experiences in dining, entertainment and more
- $0 intro annual fee for the first year, $95 after that
Benefits & KEY FEATURES
Excellent/Good
CREDIT NEEDED
Intro APR Purchase
N/A
Intro APR for Balance Transfer
N/A
Regular APR
16.74% - 25.74% (Variable)
Annual Fee
$0 intro for first year; $95 after that
Citi® Double Cash Card – 18 month BT offer
Why We Like It
No categories to track, no caps on cash back, no annual fee*
Rewards Rate
- 2% - Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
Excellent/Good Credit Needed
Benefits & KEY FEATURES
- Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
- Balance Transfers do not earn cash back
- 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.74% - 25.74% based on your creditworthiness*
- Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases
- No categories to track, no caps on cash back, no annual fee*
Benefits & KEY FEATURES
Excellent/Good
CREDIT NEEDED
Intro APR Purchase
N/A
Intro APR for Balance Transfer
0% for 18 months on Balance Transfers*
Regular APR
15.74% - 25.74%* (Variable)
Annual Fee
$0*
Capital One® Quicksilver® Cash Rewards Credit Card
Why We Like It
$150 cash bonus after spending $500 in the first 3 months
Rewards Rate
- 1.5% - Earn unlimited 1.5% cash back on every purchase, every day
Excellent/Good Credit Needed
Benefits & KEY FEATURES
- One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase, every day
- No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
- 0% intro APR on purchases for 15 months; 16.24%-26.24% variable APR after that
- 0% intro APR on balance transfers for 15 months; 16.24%-26.24% variable APR after that; 3% fee on the amounts transferred within the first 15 months
- Pay no annual fee or foreign transaction fees
Benefits & KEY FEATURES
Excellent/Good
CREDIT NEEDED
Intro APR Purchase
0% intro on purchases for 15 months
Intro APR for Balance Transfer
0% intro on balance transfers for 15 months
Regular APR
16.24% - 26.24% (Variable)
Annual Fee
$0
HSBC Cash Rewards Mastercard® credit card
Why We Like It
$150 cash rewards after spending $2500 in the first 3 months
Rewards Rate
- 10% - 10% anniversary bonus on all cash rewards earned once a year
- 1.5% - Earn unlimited 1.5% cash rewards on all purchases
Good/Excellent Credit Needed
Benefits & KEY FEATURES
- Earn unlimited 1.5% cash rewards on all purchases.
- Earn a $150 cash rewards intro bonus after spending $2,500 in the first 3 months.
- 10% Anniversary Bonus on all Cash Rewards earned once a year.
- No Annual Fee.
- 0% Intro APR for 15 months on balance transfers, then a 15.24%, 19.24% or 25.24% variable APR.
- No Foreign Transaction Fees.
- $0 liability for unauthorized purchases.
- Terms Apply.
- See Rates & Fees
Benefits & KEY FEATURES
Good/Excellent
CREDIT NEEDED
Intro APR Purchase
N/A
Intro APR for Balance Transfer
0% Introductory APR on balance transfers for the first 15 months from account opening
Regular APR
Variable APR of 15.24%, 19.24% or 25.24% will be applied
Annual Fee
$0
