Top 10 Best Rated
Cash Back Credit Cards

Earn cash for your everyday shopping with these cards
Maximize rewards with bonus categories, up to 5% cashback on select categories (e.g.Amazon.com, Grocceries, Restaurants, Gas)
Choose what you prefer; bonus categories or high flat rate cash back

Real opinions always: At Seek Capital, our goal is to provide content that helps you make informed financial decisions. All products featured here are from our partners. That said, our business relationships do not affect our evaluations. Opinions are of the writer alone. Advertiser Disclosure 

American Express Blue Cash Everyday

Rewards Rates:
2%Cash back

Earn 2% Cash Back On Purchases At U.S. Gas Stations And Select Department Stores

1%Cash back

Earn 1% Cash Back On All Other Purchases

$0Annual Fee

No Annual Fee For The American Express Blue Cash Everday Card

3%Cash Back

Earn 3% Cash Back On Grocery Purchases Up To $6,000

If I Make Purchases,
My Intro Rate will be
0% Interest for 15 Months
If I Balance Transfer,
My Intro Rate will be
0% Interest for 15 Months
When I Spend Money,
I Earn
3% Cash Back
Annual Fee
$0
Annual Fee $0
Intro Purchase APR 0% Interest for 15 Months
Intro Balance Transfer APR 0% Interest for 15 Months
Regular APR 14.74% to 25.74%
Great for Supermarkets, Gas Stations, Travel
Regular Purchase APR 14.74% to 25.74%
Regular Balance Transfer APR 14.74% to 25.74%
Cash Advance APR N/A
Balance Transfer Fee $14.74 or 25.74%
Cash Advance Fee $5 or 3%
Foreign Transaction Fee 2.70%

Recommended credit score to apply for this card:

Good (680-719)

HSBC Cash Rewards Mastercard

Rewards Rates:
1.5%Unlimited Cash Back

Unlimited Cash Back on all purchases

10%Anniversary Cash Back Bonus

Earn an extra 10% in Cash rewards earned each year

$0Annual Fee

No annual fee with this card

$0Foreign Transaction Fee

No foreign transaction fees when using this card

If I Make Purchases,
My Intro Rate will be
0 Interest for 15 Months
If I Balance Transfer,
My Intro Rate will be
0 Interest for 15 Months
When I Spend Money,
I Earn
1.5% Cash Back
Annual Fee
$0
Annual Fee $0
Intro Purchase APR 0 Interest for 15 Months
Intro Balance Transfer APR 0 Interest for 15 Months
Regular APR 14.74% to 24.74%
Great for Travel, Shopping, Restaurants
Regular Purchase APR 14.74% to 24.74%
Regular Balance Transfer APR 14.74% to 24.74%
Cash Advance APR N/A
Balance Transfer Fee $10 or 4%
Cash Advance Fee $10 or 4%
Foreign Transaction Fee 0%

Recommended credit score to apply for this card:

Good (680-719)

Discover NHL

Rewards Rates:
5%Cash Back

Earn 5% cash back up to the quarterly maximum at wholesale clubs, gas stations, restaurants and other locations1%

1%Cash Back

Earn 1% Cash Back on all other purchases

10%Discount

Save 10% when shopping online at Shop.NHL.com

$0Annual Fee

Zero annual fee for this card

If I Make Purchases,
My Intro Rate will be
0% Interest for 14 months
If I Balance Transfer,
My Intro Rate will be
0% Interest for 14 months
When I Spend Money,
I Earn
5% cashback
Annual Fee
$0
Annual Fee $0
Intro Purchase APR 0% Interest for 14 months
Intro Balance Transfer APR 0% Interest for 14 months
Regular APR 13.74% to 24.74%
Great for Gas, Grocery, Restaurant
Regular Purchase APR 13.74% to 24.74%
Regular Balance Transfer APR 13.74% to 24.74%
Cash Advance APR 24.99%
Balance Transfer Fee $0 or 5%
Cash Advance Fee $10 or 5%
Foreign Transaction Fee 0%

Recommended credit score to apply for this card:

Very Good (720-749)

Discover Chrome Gas & Restaurant

Rewards Rates:
2%Cash Back

Earn 2% cash back at restaurants and gas stations up to $1,000 each quarter

1%Cash Back

Earn 1% cash back on all other purchases

$0Annual Fee

No annual fee

$0Fraud Liability

Zero dollar liability on fraudulent charges

If I Make Purchases,
My Intro Rate will be
0% Interest for 14 Months
If I Balance Transfer,
My Intro Rate will be
N/A
When I Spend Money,
I Earn
2% cashback
Annual Fee
$0
Annual Fee $0
Intro Purchase APR 0% Interest for 14 Months
Intro Balance Transfer APR N/A
Regular APR 11.99% to 22.99%
Great for Gas, Grocery, Restaurant
Regular Purchase APR 11.99% to 22.99%
Regular Balance Transfer APR 11.99% to 22.99%
Cash Advance APR $10 or 5%
Balance Transfer Fee $10 or 5%
Cash Advance Fee $10 or 5%
Foreign Transaction Fee %

Recommended credit score to apply for this card:

Very Good (720-749)

Discover it Cash Back

Rewards Rates:
5%Cash Back

Earn 5% cash back up to the quarterly maximum at wholesale clubs, gas stations, restaurants and other locations

1%Cash Back

Earn 1% Cash Back on all other purchases

$0Annual Fee

No annual fee

$0Foreign Transaction Fee

No foreign transaction fees when using this card

If I Make Purchases,
My Intro Rate will be
0% Interest for 14 Months
If I Balance Transfer,
My Intro Rate will be
0% Interest for 14 Months
When I Spend Money,
I Earn
5% cashback
Annual Fee
$0
Annual Fee $0
Intro Purchase APR 0% Interest for 14 Months
Intro Balance Transfer APR 0% Interest for 14 Months
Regular APR 11.99% to 22.99%
Great for Gas, Grocery , Restaurant
Regular Purchase APR 11.99% to 22.99%
Regular Balance Transfer APR 11.99% to 22.99%
Cash Advance APR 24.99%
Balance Transfer Fee $3 or 5%
Cash Advance Fee $10 or 5%
Foreign Transaction Fee 0%

Recommended credit score to apply for this card:

Good (680-719)

Citi ThankYou Preferred

Rewards Rates:
2xThankYou Points

Earn 2 ThankYou Points per dollar spent when dining out and on entertainment

1xThankYou Points

Earn 1 ThankYou Point per dollar spent on all other purchases

$0Annual Fee

No annual fee for this card

0%APR on Balance Transfers

No APR on balance transfers for the first 9 months

If I Make Purchases,
My Intro Rate will be
0% Interest for 15 months
If I Balance Transfer,
My Intro Rate will be
0% Interest for 15 months
When I Spend Money,
I Earn
2x points
Annual Fee
$0
Annual Fee $0
Intro Purchase APR 0% Interest for 15 months
Intro Balance Transfer APR 0% Interest for 15 months
Regular APR 15.24% to 25.49%
Great for Shopping, Dining, Gas
Regular Purchase APR 15.24% to 25.49%
Regular Balance Transfer APR 15.24% to 25.49%
Cash Advance APR 27.24%
Balance Transfer Fee $5 or 3%
Cash Advance Fee $10 or 5%
Foreign Transaction Fee 3%

Recommended credit score to apply for this card:

Excellent (750-799)

Citi Double Cash

Rewards Rates:
1%Cash Back

Earn 1% Cash Back on all purchases

1%Cash Back

Earn 1% cash back on card payments

$0Annual Fee

No annual fee for this card

0%APR on Balance Transfers

No APR on balance transfers for the first 18 months

If I Make Purchases,
My Intro Rate will be
N/A
If I Balance Transfer,
My Intro Rate will be
0% for 18 months
When I Spend Money,
I Earn
1% cashback
Annual Fee
$0
Annual Fee $0
Intro Purchase APR N/A
Intro Balance Transfer APR 0% for 18 months
Regular APR 15.49% to 25.49%
Great for Shopping, Dining, Gas
Regular Purchase APR 15.49% to 25.49%
Regular Balance Transfer APR 15.49% to 25.49%
Cash Advance APR 27.24%
Balance Transfer Fee $5 or 3%
Cash Advance Fee $10 or 5%
Foreign Transaction Fee 3%

Recommended credit score to apply for this card:

Good (680-719)

Chase AARP

Rewards Rates:
3%Cash Back When Eating Out

Earn 3% Cash Back Rewards On Purchases At Restaurants, From Fine Dining To Fast Food.

3%Cash Back When Getting Gas

Earn 3% Cash Back Rewards On Purchases At Gas Stations.

1%Cash Back

Earn 1% Cash Back Rewards On All Other Purchases

$0Annual fee

No Annual Fee For The Chase AARP Card

If I Make Purchases,
My Intro Rate will be
N/A
If I Balance Transfer,
My Intro Rate will be
N/A
When I Spend Money,
I Earn
3% Cash Back
Annual Fee
$0
Annual Fee $0
Intro Purchase APR N/A
Intro Balance Transfer APR N/A
Regular APR 17.99% to 24.74%
Great for Shopping, Dining, Travel
Regular Purchase APR 17.99% to 24.74%
Regular Balance Transfer APR 17.99% to 24.74%
Cash Advance APR 26.99%
Balance Transfer Fee $ or 3%
Cash Advance Fee $10 or 5%
Foreign Transaction Fee 3%

Recommended credit score to apply for this card:

Good (680-719)

Chase Freedom

Rewards Rates:
5%Cash Back In Quarterly Categories

Earn 5% Cash Back On Up To $1,500 In Purchases From Bonus Categories Each Quarter

1%Cash Back on Everything Else

Earn 1% Cash Back On All Other Purchases

0%Introductory APR

0% Intro APR For 15 Months On Purchases And Balance Transfers From Account Opening

$0Annual fee

No Annual Fee For The Chase Freedom Card

If I Make Purchases,
My Intro Rate will be
0% Interest for 15 Months
If I Balance Transfer,
My Intro Rate will be
0% Interest for 15 Months
When I Spend Money,
I Earn
5% Cash Back
Annual Fee
$0
Annual Fee $0
Intro Purchase APR 0% Interest for 15 Months
Intro Balance Transfer APR 0% Interest for 15 Months
Regular APR 16.99% to 25.74%
Great for Shopping, Dining, Travel
Regular Purchase APR 16.99% to 25.74%
Regular Balance Transfer APR 16.99% to 25.74%
Cash Advance APR 26.99%
Balance Transfer Fee $5 or 3%
Cash Advance Fee $10 or 5%
Foreign Transaction Fee 3%

Recommended credit score to apply for this card:

Good (680-719)

Capital One Quicksilver

Rewards Rates:
1.5%Cash Back

Earn 1.5% Cash Back On All Purchases, Every Day

$0Extended Warranty

Free Additional Extended Warranty Protecetion On Items Purchased With This Card

$0Annual Fee

No Annual Fee For The Capital One Quicksilver Card

$0Foreign Transaction Fee

No Foreign Transaction Fees When Using This Card

If I Make Purchases,
My Intro Rate will be
0% Interest for 15 months
If I Balance Transfer,
My Intro Rate will be
0% Interest for 15 months
When I Spend Money,
I Earn
1.5% Cash Back
Annual Fee
$0
Annual Fee $0
Intro Purchase APR 0% Interest for 15 months
Intro Balance Transfer APR 0% Interest for 15 months
Regular APR 16.74% to 24.74%
Great for Shopping, Dining, Travel
Regular Purchase APR 16.74% to 24.74%
Regular Balance Transfer APR 16.74% to 24.74%
Cash Advance APR 24.74%
Balance Transfer Fee $0 or 3%
Cash Advance Fee $10 or 3%
Foreign Transaction Fee 0%

Recommended credit score to apply for this card:

Very Good (720-749)

Cash Back Rewards? What does it REALLY mean…

Out of all the rewards programs that banks offer on credit cards, this is hands down the simplest one to understand.

There are 2 main types; 1) Flat rate cashback and; 2) Bonus categories. Here’s how it works; flat rate Cashback (For Example, Wells Fargo Cash Wise of Capital One Quicksilver) both offer you 1.5% reward in the form of a cash credit for everything you spend on the card, no exceptions, no caps. So when I buy dinner for my friend and I, I receive $1.50 back. Doesn’t sound exciting right? Think again! Now I pay for my rent on that card which is $2,200 every month or $26,400. Ouch! But here’s the nice part, I get $396 back. It’s not going to change the world, but hey, I’ll take it!

Pros & Cons of Cash Back Credit Cards

As we look at Cashback credit cards, we found a lot of small differences between the cards, and these small differences can be the difference between receiving $360 cashback or receiving $840 cashback per year (based on $2,000 monthly spend).

So what’s the difference? It’s pretty simple, there are 3 main things we look at; 1) What you spend your money on and; 2) How much effort you want to put into maximizing the rewards; 3) Where your credit profile ranks.

If you are like me, you won’t mind having more than 1 card in your wallet to maximize specific category bonus rewards, more about this later. But if you want to keep it simple and just have 1 card, then either a flat-rate cash-back card or 1 card that suits your spending behavior for you are the best. I’ll break it down below to make it easy for you to decide which suits you best

Now for the Pros:

With cashback cards, compared to miles or points-based rewards, you have a simple, easy-to-understand way of getting rewarded for your cards. You don’t have to do anything, transfer miles, deal with blackout dates. It’s really simple, spend money, get rewarded with cash credited to your account that you can do as you please. Meaning, you can use it to pay your bill or you can have a check sent to you to deposit into your checking or savings account.

One thing I personally love is that with this cashback, if I just ignore it till the end of the year, I have a nice little savings account that I did nothing for. I can now go buy one awesome thing which for last year was a new laptop, yes, I’m typing on it right now!

What makes cashback cards great is that there are typically no exclusions, though some have limits on bonus categories. It means that I can charge anything possible to my card and get rewards for that spend. I personally pay anything and everything to my credit card, so when I pay my water bill, electrical, rental car insurance, I actually get cash back from my card. Hey, I was going to spend that money anyway so if the bank wants to give me free money for using their card, I’ll take it.

So what’s the Catch:

Seems in life there is always a catch. It can be a little confusing and overwhelming of which card to choose. Not to worry, we are here to help. There is no 1 size fits all card and for me, a cash back card is great, but I don’t use it for everything. It’s true that cash is king and cashback cards are great, but you have to know how to use them. If you want to keep it super simple and if you are going to choose just 1, then I would suggest a flat rate card.

If you are like me and love to maximize the rewards and cash back, then here is how I arm this side my wallet; I have 2 flat rate cashback cards (love those sign up bonuses. I received $150 from Capital One and $200 from Wells Fargo) and 1 card that has bonus categories (Discover I).

Cashback Vs Rewards Cards, the great debate

When comparing a cash back rewards card to a travel rewards card with the bonuses they offer, it is somewhat limiting. Sure, it’s great to receive straight cash, but if you are like me and want to use credit card rewards for traveling, then cashback cards aren’t ideal. Travel rewards cards actually offer higher value per dollar spend then a cashback rewards card, they just have the limitation of where they can be used. For example, if you get a Starwood Preferred Guest Credit Card from American Express, you can only use those points at Starwood Hotels. Now that’s great if you stay at Starwood Hotels and if you do, I would definitely recommend this card. And here lies the difference, these points are worth more at a Starwood Hotel than to use the same cashback credit. In fact, these points are usually worth 50% to 500% more than cash rewards depending on what you spend them on (5 Starpoints per dollar spent at participating SPG locations, 2 Starpoints per dollar at Marriott Rewards Properties and 1 Starpoint per dollar on all other purchases. That adds up quickly! This is compounded when you take into account the signup bonuses that are offered when you sign up to travel rewards cards. Starwood is currently offering 25,000 Starpoints after you spend $3,000 in purchases (not balance transfers) in the first 3 months.

 

QUICK TIP: I may be known to use this card just for my hotel reservations to get 5x points for every dollar spent!! Another example of why I believe in multiple cards, maximize those rewards!

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