Top 10 Best Cash Back Credit Cards 2023.
If you're looking to get the most out of your credit card spending, cash back credit cards can be a great option. These cards reward you for your purchases with cash back, which can help offset the cost of your expenses and even save you money in the long run.
Here are the top 10 best cash back credit cards of 2023, based on factors such as rewards rate, redemption options, and overall value:
1.Discover it Cash Back: The Discover it Cash Back is a popular credit card that offers a high rewards rate on rotating categories and a cash back match at the end of your first year. This card is designed for consumers who want to maximize their rewards and take advantage of bonus categories that can earn them even more cash back.
Some of the key features of the Discover it Cash Back credit card include:
.High rewards rate on rotating categories: The card offers 5% cash back on up to $1,500 in purchases in select categories that change every quarter. This can include categories such as gas stations, grocery stores, restaurants, and more. All other purchases earn 1% cash back.
.Cash back match: Discover will match all the cash back you've earned at the end of your first year, effectively doubling your rewards.
.No annual fee: This card does not have an annual fee, making it accessible for all.
.Zero liability protection: You won't be held responsible for unauthorized purchases made with your card.
.Free FICO credit score: You can see your FICO credit score for free on your monthly statement and online account.
The Discover it Cash Back credit card is a great option for consumers who want to maximize their rewards and take advantage of rotating categories. However, it's important to remember that this card does come with a 14.24% to 25.24% variable APR, so it's important to pay your bill on time and manage your balance responsibly. Additionally, the 5% cash back categories may not align with your spending habits, so be sure to consider your needs before applying.
2.Capital One SavorOne Cash Rewards Credit Card: The Capital One SavorOne Cash Rewards Credit Card is a cash back credit card designed for consumers who enjoy dining out and shopping. This card offers a high rewards rate on dining and entertainment purchases and a flat rewards rate on all other purchases.
Some of the key features of the Capital One SavorOne Cash Rewards Credit Card include:
.High rewards rate on dining and entertainment: Cardholders earn 3% cash back on dining and entertainment purchases, making it a great option for consumers who enjoy dining out and going to concerts, movies, and more.
.Flat rewards rate on all other purchases: All other purchases earn a flat rate of 1% cash back, with no limit to the amount of rewards you can earn.
.No annual fee: This card does not have an annual fee, making it accessible for all.
.No foreign transaction fee: You won't incur any fees for making purchases abroad, making this a great option for travelers.
.Flexible redemption options: You can redeem your cash back for statement credits, checks, and more.
The Capital One SavorOne Cash Rewards Credit Card is a great option for consumers who enjoy dining out and entertainment. The 3% rewards rate on these purchases can add up quickly, making it a great way to earn rewards on your spending. Additionally, the flat rewards rate on all other purchases and no annual fee make it a cost-effective option for consumers looking to earn cash back. However, it's important to remember that this card does come with a 15.74% to 25.74% (variable) APR, so it's important to pay your bill on time and manage your balance responsibly.
3.Chase Freedom Flex: The Chase Freedom Flex is a cash back credit card that offers a high rewards rate on rotating categories and a wide range of rewards and benefits. This card is designed for consumers who want to maximize their rewards and take advantage of bonus categories that can earn them even more cash back.
Some of the key features of the Chase Freedom Flex include:
.High rewards rate on rotating categories: The card offers 5% cash back on up to $1,500 in purchases in select categories that change every quarter. This can include categories such as gas stations, grocery stores, and more. All other purchases earn 1% cash back.
.Sign-up bonus: New cardholders can earn a $200 bonus after spending $500 on purchases in the first 3 months from account opening.
.No annual fee: This card does not have an annual fee, making it accessible for all.
.Zero liability protection: You won't be held responsible for unauthorized purchases made with your card.
.Flexible redemption options: You can redeem your cash back for statement credits, direct deposit into a checking or savings account, or for gift cards.
The Chase Freedom Flex is a great option for consumers who want to maximize their rewards and take advantage of rotating categories. Additionally, the sign-up bonus and no annual fee make it a cost-effective option for consumers looking to earn cash back. However, it's important to remember that this card does come with a 16.49% to 25.24% variable APR, so it's important to pay your bill on time and manage your balance responsibly. Additionally, the 5% cash back categories may not align with your spending habits, so be sure to consider your needs before applying.
4.Citi Double Cash Card:The Citi Double Cash Card is a cash back credit card that offers a straightforward rewards program and a wide range of benefits. This card is designed for consumers who want to earn cash back on all their purchases with no restrictions or rotating categories to keep track of.
Some of the key features of the Citi Double Cash Card include:
.Double cash back: Cardholders earn 1% cash back when they make a purchase, and an additional 1% cash back when they pay for those purchases, resulting in a total of 2% cash back on all purchases.
.No annual fee: This card does not have an annual fee, making it accessible for all.
.No foreign transaction fee: You won't incur any fees for making purchases abroad, making this a great option for travelers.
.Flexible redemption options: You can redeem your cash back for statement credits, direct deposit into a checking or savings account, or for gift cards.
.Citi Entertainment benefits: Cardholders have access to presale tickets, VIP packages, and more for events such as concerts, sporting events, and theater shows.
The Citi Double Cash Card is a great option for consumers who want a simple and straightforward rewards program with no restrictions or rotating categories. The 2% cash back on all purchases can add up quickly, making it a great way to earn rewards on your spending. Additionally, the no annual fee and no foreign transaction fee make it a cost-effective option for consumers looking to earn cash back. However, it's important to remember that this card does come with a 15.49% to 25.49% (variable) APR, so it's important to pay your bill on time and manage your balance responsibly.
5.Blue Cash Preferred Card from American Express: The Blue Cash Preferred Card from American Express is a cash back credit card that offers high rewards rates on select categories, as well as a range of additional benefits and perks. This card is designed for consumers who want to earn rewards on their spending, particularly on categories such as grocery stores and gas stations.
Some of the key features of the Blue Cash Preferred Card from American Express include:
.High rewards rate on select categories: The card offers 6% cash back on up to $6,000 in purchases at U.S. supermarkets each year (then 1%), 6% cash back on select U.S. streaming subscriptions, 3% cash back on transit including taxis/rideshare, parking, tolls, trains, buses & more, and 1% cash back on all other purchases.
.Sign-up bonus: New cardholders can earn a $300 statement credit after spending $3,000 on purchases in the first 6 months from account opening.
.No foreign transaction fee: You won't incur any fees for making purchases abroad, making this a great option for travelers.
.Amex Offers: Cardholders can access exclusive discounts and promotions through the Amex Offers program.
.Premium Roadside Assistance: Cardholders have access to a range of services, including towing, jump-starting a car, changing a tire, and more.
6.Wells Fargo Propel American Express Card: The Wells Fargo Propel American Express Card is a rewards credit card that offers a range of benefits and rewards for consumers who want to earn points on their spending. This card is designed for consumers who want to earn rewards on a variety of categories, including dining, travel, and entertainment.
Some of the key features of the Wells Fargo Propel American Express Card include:
.High rewards rate on select categories: The card offers 3x points on dining, travel, gas stations, rideshares, transit, flights, hotels, homestays and car rentals, and 1x points on all other purchases.
.Sign-up bonus: New cardholders can earn 20,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening.
.No annual fee: This card does not have an annual fee, making it accessible for all.
.No foreign transaction fee: You won't incur any fees for making purchases abroad, making this a great option for travelers.
.Flexible redemption options: You can redeem your points for travel, merchandise, and statement credits.
The Wells Fargo Propel American Express Card is a great option for consumers who want to earn rewards on a variety of categories, including dining, travel, and entertainment. The sign-up bonus and no annual fee make this card an attractive option for those looking to earn rewards on their spending. However, it's important to note that this card does come with a 17.24% to 26.24% (variable) APR, so it's important to pay your bill on time and manage your balance responsibly. Additionally, while the rewards program is generous, it may not be the best fit for those who only want to earn rewards on specific categories, such as groceries or gas.
7.US Bank Cash+ Visa Signature Card:The US Bank Cash+ Visa Signature Card is a cash back credit card that offers a unique rewards program that allows cardholders to select the categories in which they earn the most cash back. This card is designed for consumers who want the flexibility to earn rewards on the categories that matter most to them.
Some of the key features of the US Bank Cash+ Visa Signature Card include:
.Customizable rewards categories: Cardholders can choose to earn 5% cash back on two categories of their choice each quarter, such as dining, gas, groceries, or department stores.
.2% cash back: Cardholders earn 2% cash back on one everyday category of their choice, such as gas or groceries.
.1% cash back: Cardholders earn 1% cash back on all other purchases.
.No annual fee: This card does not have an annual fee, making it accessible for all.
.0% introductory APR: Cardholders receive 0% introductory APR on purchases and balance transfers for the first 12 billing cycles (then 13.99% to 23.99% variable).
The US Bank Cash+ Visa Signature Card is a great option for consumers who want the flexibility to earn rewards on the categories that matter most to them. The customizable rewards program and no annual fee make this card an attractive option for those looking to earn rewards on their spending. Additionally, the 0% introductory APR can be helpful for those looking to make a big purchase or transfer a balance from another card. However, it's important to note that this card does have a variable APR after the introductory period, so it's important to pay your bill on time and manage your balance responsibly.
8.Bank of America Cash Rewards Credit Card: The Bank of America Cash Rewards Credit Card is a cash back credit card that offers rewards on everyday purchases, with the ability to earn bonus rewards in select categories. This card is designed for consumers who want to earn rewards on their spending and have the flexibility to choose which categories they earn the most rewards in.
Some of the key features of the Bank of America Cash Rewards Credit Card include:
.Bonus rewards categories: Cardholders can earn 3% cash back in the category of their choice (out of six options) and 2% cash back at grocery stores and wholesale clubs on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter.
.1% cash back: Cardholders earn 1% cash back on all other purchases.
.No annual fee: This card does not have an annual fee, making it accessible for all.
.0% introductory APR: Cardholders receive 0% introductory APR on purchases for the first 15 billing cycles (then 14.99% to 24.99% variable).
.Relationship benefits for Bank of America customers: Bank of America Preferred Rewards members may be eligible for even more rewards on their spending.
The Bank of America Cash Rewards Credit Card is a great option for consumers who want to earn rewards on their spending and have the flexibility to choose which categories they earn the most rewards in. The bonus rewards categories and no annual fee make this card an attractive option for those looking to earn rewards on their spending. Additionally, the 0% introductory APR can be helpful for those looking to make a big purchase. However, it's important to note that this card does have a variable APR after the introductory period, so it's important to pay your bill on time and manage your balance responsibly. Additionally, the relationship benefits for Bank of America customers may not be accessible for everyone.
9.Alliant Cashback Visa Signature Card: The Alliant Cashback Visa Signature Card is a cash back credit card that offers a straightforward rewards program and a high cash back rate on all purchases. This card is designed for consumers who want to earn cash back on their spending with a simple and easy-to-use rewards program.
.High cash back rate: Cardholders earn 2.5% cash back on all purchases.
.No annual fee: This card does not have an annual fee, making it accessible for all.
.No foreign transaction fee: Cardholders can use their card internationally without incurring a foreign transaction fee.
.0% introductory APR: Cardholders receive 0% introductory APR on balance transfers for the first 12 months (then 11.99% to 21.99% variable).
.No rewards caps or limits: Cardholders can earn unlimited rewards with no caps or limits.
The Alliant Cashback Visa Signature Card is a great option for consumers who want to earn a high cash back rate on all their purchases with a simple and straightforward rewards program. The no annual fee, no foreign transaction fee, and no rewards caps or limits make this card an attractive option for those looking to earn rewards on their spending. Additionally, the 0% introductory APR on balance transfers can be helpful for those looking to transfer a balance from another card. However, it's important to note that this card does have a variable APR after the introductory period, so it's important to pay your bill on time and manage your balance responsibly.
10.U.S. Bank Altitude Go Visa Signature Card: The U.S. Bank Altitude Go Visa Signature Card is a cash back credit card that offers high cash back rewards on travel and dining purchases. This card is designed for consumers who want to earn rewards on their travel and dining spending, as well as other purchases.
Some of the key features of the U.S. Bank Altitude Go Visa Signature Card include:
.High cash back rewards: Cardholders earn 4 points per $1 spent on dining and travel purchases, and 2 points per $1 spent on all other purchases.
.No annual fee: This card does not have an annual fee, making it accessible for all.
.No foreign transaction fee: Cardholders can use their card internationally without incurring a foreign transaction fee.
.Bonus rewards: Cardholders can earn 10,000 bonus points after spending $1,000 on purchases in the first 90 days.
.Mobile wallet compatibility: Cardholders can use their card with mobile wallet options like Apple Pay, Samsung Pay, and Google Pay.
The U.S. Bank Altitude Go Visa Signature Card is a great option for consumers who want to earn high cash back rewards on their travel and dining purchases. The no annual fee, no foreign transaction fee, and mobile wallet compatibility make this card an attractive option for those looking to earn rewards on their spending. Additionally, the bonus rewards offer can be a great way to start earning rewards right away. However, it's important to note that this card may not be the best option for those who don't spend a lot on travel or dining, as the rewards are not as high on other purchases.
Additionally, it's important to remember that having a good credit score is a key factor in being approved for a credit card and getting the best terms and rewards. Make sure to manage your credit card responsibly by paying your bills on time, keeping your balance low, and not applying for too many cards at once. By following these tips and using a cash back credit card to your advantage, you can improve your credit score and enjoy the benefits of earning rewards for your spending.
conclusion these are the top 10 best cash back credit cards of 2023, based on factors such as rewards rate, redemption options, and overall value. Whether you're looking to save on everyday expenses, maximizeyour rewards on dining and travel, or just earn rewards without having to worry about complicated bonus categories, there's a cash back credit card out there that can meet your needs. When choosing a cash back credit card, be sure to consider your spending habits, so you can pick the card that best aligns with your lifestyle and rewards you the most for your purchases.
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