A cash back credit card is a good choice if you want to earn rewards on your spending without the restrictions of redeeming miles or points. Of course, there is an ever-growing number of cash back cards to choose from so which ones are really the best?
Here’s a look at the best cash back credit cards for 2018, including flat cash back cards and cards with rotating categories.
Discover it Card
Want to know what credit card gives the most cash back? It’s hard to beat the Discover it card. Discover it earns up to 5% cashback with one of the best sign-up bonuses around. Discover will match all of the cash back you earn during your first year with no limit. Depending on your spending, this can end up being the largest sign-up bonus available.
The Discover it card has no annual fee and earns 5% cash back on rotating quarterly categories. Common categories include Amazon.com, wholesale clubs like Costco, grocery stores, restaurants, and gas stations. You’ll also earn an unlimited 1% back on all other spending.
Capital One Savor Card
The Savor card is one of the newest rewards cards on the market and it definitely made a splash when it premiered. This cash back credit card comes with an impressive 4% back on entertainment and dining, 2% back at grocery stores, and 1% back on everything else. It also has a substantial sign-up bonus: earn a $500 statement credit after spending $3,000 within the first 90 days. While the card does have a $95 annual fee, it’s waived the first year.
Blue Cash Preferred Amex Cash Back Credit Card
While it comes with a fairly high annual fee of $95, the Blue Cash Preferred card can be worth it with an excellent rewards rate. If you’re looking for what credit card gives the most cash back, the Blue Cash Preferred allows you to earn up to 6% back on popular spending categories. Here’s what makes this card so great:
- 6% cash back on purchases at grocery stores on the first $6,000 a year (1% after)
- 3% back at gas stations and most U.S. department stores
- 1% cash back on everything else
- $200 statement credit after spending $1,000 within 90 days
- 0% intro APR for 12 months on balance transfers and purchases
Chase Freedom Cash Back Credit Card
Want to earn up to 5% cash back on popular categories? Discover isn’t the only card in the game; the Chase Freedom also offers a high reward rate on rotating bonus categories. This cash back credit card comes with 5% back on up to $1,500 in combined spending in bonus categories every quarter plus an unlimited 1% back on all other spending. You can also earn a $150 sign-up bonus after spending just $500 during the first 90 days.
Citi Double Cash Back Credit Card
If you don’t want to worry about rotating bonus categories that you need to sign up for, a flat rate cash back credit card may be a good fit. The Citi Double Cash card is unique because it doesn’t just reward you with cash back on purchases: it also rewards you for paying your bill. Earn 1% cash back when you make a purchase plus another 1% back when you pay for a flat 2% back on all spending. The card also has no annual fee for greater savings.
The Citi Double Cash card is also a good choice if you want to transfer a balance to pay down debt. Enjoy a 0% intro APR on balance transfers for 18 months — one of the best balance transfer offers in the industry.
US Bank Cash+ Visa Signature Card
ant to earn up to 5% cash back with the freedom to choose your own bonus categories? Only the US Bank Cash+ card offers this unique perk. This cash back credit card earns 5% back on your first $2,000 in combined spending each quarter on two categories of your choice. You will also earn 2% back on one everyday spending category of your choice such as supermarkets or gas stations and 1% back on all other spending. The card even comes with a sign-up bonus that’s easy to earn: get a $150 bonus after spending $500 within the first 90 days.
The US Bank Cash+ Visa offers a huge variety of categories to choose from each quarter. Common categories include department stores, fast food, home utilities, movie theaters, cell phone service, and electronics stores. The best thing about the US Bank Cash+ card is its flexibility: you don’t need to sacrifice a high rewards rate in exchange for choosing how the card works for you.