Earn money back on every purchase. We've analyzed the top cashback credit cards to help you find the best rewards for your spending habits.
Best flat-rate cashback card with no annual fee
Simple 2% cashback on everything
2% flat rate with a generous welcome bonus
5% rotating categories with no annual fee
First-year cashback match doubles your rewards
Choose your own 3% category
3% on PayPal purchases, 2% everywhere else
| Card | Cashback Rate | Annual Fee | Sign-Up Bonus | APR | Foreign Fees | Score |
|---|---|---|---|---|---|---|
| #1 Chase Freedom Unlimited | 1.5-5% | $0 | $200 | 20.49-29.24% | 3% | 9.3 |
| #2 Citi Double Cash | 2% | $0 | None | 18.49-28.49% | 3% | 9.1 |
| #3 Wells Fargo Active Cash | 2% | $0 | $200 | 20.49-29.49% | 3% | 9.0 |
| #4 Chase Freedom Flex | 1-5% | $0 | $200 | 20.49-29.24% | 3% | 8.8 |
| #5 Discover it Cash Back | 1-5% | $0 | Match | 16.49-27.49% | $0 | 8.6 |
| #6 Capital One SavorOne | 1-3% | $0 | $200 | 19.99-29.99% | $0 | 8.4 |
| #7 Blue Cash Preferred (Amex) | 1-6% | $95 | $250 | 19.49-29.99% | 2.7% | 8.2 |
| #8 Bank of America Customized Cash | 1-3% | $0 | $200 | 18.49-28.49% | 3% | 7.9 |
| #9 US Bank Cash+ | 1-5% | $0 | $200 | 19.49-29.49% | 3% | 7.6 |
| #10 PayPal Cashback Mastercard | 2-3% | $0 | None | 20.49-29.49% | $0 | 7.3 |
Start by analyzing your spending patterns. If most of your spending is spread across many categories, a flat-rate card like Citi Double Cash (2% on everything) is simplest. If you spend heavily in specific categories like dining or groceries, look for cards with bonus rates in those areas.
Consider pairing cards for maximum returns — a flat-rate card for general spending plus a category-specific card for your biggest expenses. The Chase trifecta (Freedom Unlimited + Freedom Flex + Sapphire) is a popular strategy.
Don't overlook sign-up bonuses, which can be worth $200-350 in the first year. Also check the intro APR offer if you're planning a large purchase.
Most top cashback cards require good to excellent credit (670+). Some cards like Discover it are more accessible to those building credit.
No, the IRS considers credit card cashback as a discount on purchases, not taxable income. This applies to both statement credits and direct deposits.
Flat-rate cards (1.5-2% on everything) are simpler and better for varied spending. Category cards (3-5% in specific areas) earn more if your spending is concentrated.
Many excellent cashback cards have no annual fee. Cards with annual fees typically offer higher rewards rates that can offset the cost for heavy spenders.
Most cards offer statement credits, direct deposit, gift cards, or points transfer. Statement credits and direct deposits typically offer the best value.