The 7 Best Cash Back Credit Cards of the Year 

If you are a shopping lover and want to earn exciting cash back, and other rewards, then you are at the right place. We’ve compiled a list of the best 7 cash back credit cards of the year. These cards offer competitive reward programs, low fees, and other perks that make them stand out from the rest. Whether you’re a frequent traveler or just looking to earn some extra cash, there’s a card on this list that will suit your specific needs. Keep reading to find out which card is for you! 

Looking for a Cashback credit card? These are the best 7 Cashback credit cards of the year that offer rewards on your everyday purchases. Choose the one that suits your needs and start earning Cashback today.

1. Chase Freedom Unlimited

Why We Like It: 

The Chase Freedom Unlimited card offers an impressive 1.5% cash back on all purchases, with no annual fee. For a limited time, new cardholders can earn a $200 bonus after spending $500 in the first three months of opening the account. 

Who Should Get It: 

This card is perfect for anyone looking for a straightforward Cashback option with no annual fee. It’s also a great choice for those who already have a Chase credit card and want to maximize their rewards. 

Key Features: 

• 1.5% cash back on all purchases 
• $200 bonus after spending $500 in the first three months 
• No annual fee 

Pros: 

• No annual fee 
• Straightforward Cashback rewards 

Cons: 

• 3% foreign transaction fee 
• Balance transfer fee of 5% or $5, whichever is greater

2. Citi Double Cash Card

Why We Like It: 

The Citi Double Cash card offers 2% cash back on all purchases – 1% when you make the purchase, and another 1% when you pay it off. There’s also no annual fee. This credited card offers a lengthy 18-month 0% intro APR on balance transfers. 

Who Should Get It: 

This card is great for those who want a high Cashback rate on all purchases and want to take advantage of the long intro APR on balance transfers. 

Key Features: 

• 2% cash back on all purchases 
• No annual fee 
• 18-month 0% intro APR on balance transfers 

Pros: 

• High Cashback rate on all purchases 
• No annual fee 

Cons: 

• 3% balance transfer fee (minimum $5)
• No intro APR on purchases

3. Blue Cash Preferred Card from American Express

Why We Like It: 

The Blue Cash Preferred card from American Express offers a generous 6% cash back on up to $6,000 per year at U.S. supermarkets, as well as 6% back on select U.S. streaming services. There’s also a $250 statement credit after spending $1,000 in the first three months. 

Who Should Get It: 

This card is great for those who spend a lot on groceries and streaming services and want to maximize their Cashback rewards. However, it does come with a $95 annual fee. 

Key Features: 

• 6% cash back at U.S. supermarkets (up to $6,000 per year) 
• 6% cash back on select U.S. streaming services 
• $250 statement credit after spending $1,000 in the first three months 

Pros: 

• High Cashback rate on groceries and streaming services 
• Generous welcome offer 

Cons: 

• $95 annual fee 
• 3% foreign transaction fee

4. Capital One Savor Cash Rewards Credit Card

Why We Like It: 

The Capital One Savor card offers 4% cash back on dining and entertainment purchases, as well as 2% back at grocery stores. New cardholders can also earn a $300 cash bonus after spending $3,000 in the first three months. 

Who Should Get It: 

This card is better for those who frequently dine out and attend entertainment events. It’s also a good choice for those who want a generous welcome bonus. 

Key Features: 

• 4% cash back on dining and entertainment 
• 2% cash back at grocery stores 
• $300 cash bonus after spending $3,000 in the first three months 

Pros: 

• Generous Cashback rate on dining and entertainment 
• Large welcome bonus 

Cons: 

• $95 annual fee 
• No intro APR

5. Discover it Cash Back

Why We Like It: 

The Discover it Cash Back card offers 5% cash back in rotating categories (up to $1,500 per quarter) and 1% back on all other purchases. This card also matches all cash back earned in the first year for new cardholders. 

Who Should Get It: 

This card is great for those who want to maximize Cashback rewards in specific categories, as well as those who want a generous welcome offer. 

Key Features: 

• 5% cash back in rotating categories (up to $1,500 per quarter) 
• 1% cash back on all other purchases 
• Discover matches all cash back earned in the first year for new cardholders 

Pros: 

• Generous cash back rate in rotating categories 
• Large welcome offer 

Cons: 

• Rotating categories may not always align with your spending habits 
• No intro APR on purchases or balance transfers 

6. Bank of America Cash Rewards Credit Card

Why We Like It: 

The Bank of America Cash Rewards card offers 3% cash back in your chosen category (gas, online shopping, dining, travel, drug stores, or home improvement/furnishings), as well as 2% back at grocery stores and wholesale clubs. There’s also a $200 online cash rewards bonus after spending $1,000 in the first 90 days. 

Who Should Get It: 

This card is great for those who want to choose their own bonus category and earn cash back on everyday purchases. 

Key Features: 

• 3% cash back in a category of your choice 
• 2% cash back at grocery stores and wholesale clubs 
• $200 online cash rewards bonus after spending $1,000 in the first 90 days 

Pros: 

• Choose your own bonus category 
• No annual fee 

Cons: 

• 3% foreign transaction fee 
• May not be the best option if you don’t spend much in the bonus category 

7. Wells Fargo Propel American Express Card

Why We Like It: 

The Wells Fargo Propel American Express card offers 3% cash back on dining, travel, and select streaming services, as well as 1% back on all other purchases. There’s also no annual fee and you can get a generous welcome offer of 20,000 bonus points after spending $1,000 in the first three months. 

Who Should Get It: 

This card is great for those who want a high Cashback rate on dining, travel, and streaming services, as well as a generous welcome offer. 

Key Features: 

• 3% cash back on dining, travel, and select streaming services 
• No annual fee 
• 20,000 bonus points after spending $1,000 in the first three months 

Pros: 

• High Cashback rate on dining, travel, and streaming services 
• Generous welcome offer 

Cons: 

• 3% foreign transaction fee 
• No intro APR on purchases or balance transfers 

Frequently Asked Questions 

When it comes to credit cards, the best ones are those that offer Cashback rewards. But with so many options available, how do you know which ones are the best? Here are some frequently asked questions about the best Cashback credit cards of the year. 

1. What are Cashback credit cards? 

Cashback credit cards are credit cards that give you a certain percentage of your purchases back in the form of cash rewards. The percentage varies depending on the card, but most Cashback cards offer between 1% and 5% cash back on purchases made with the card. Some cards also offer bonus cash back in certain categories, such as gas or groceries. 

With a Cashback credit card, you can earn cash rewards on the purchases you make every day. These rewards can add up quickly and can be redeemed for statement credits, gift cards, or even cash back in some cases. If you use your credit card regularly, a Cashback card can be a great way to earn rewards on your spending. 

2. Do Cashback credit cards have annual fees? 

Many Cashback credit cards do not have annual fees, but some do. The cards that offer the highest Cashback rewards and other perks, such as travel rewards, may have annual fees. However, there are plenty of Cashback cards available that do not have annual fees, so you can still earn rewards without paying extra fees. 

When considering a Cashback credit card, be sure to factor in any annual fees when calculating the potential rewards, you could earn. If the rewards outweigh the fee, it may still be worth getting the card. 

3. How do I redeem Cashback rewards? 

Redeeming Cashback rewards is typically very easy. Most Cashback cards allow you to redeem your rewards for statement credits, which can be applied to your credit card balance. Some cards also allow you to redeem rewards for gift cards or merchandise. 

To redeem your rewards, simply login to your credit card account online or through the issuer’s mobile app. From there, you can select the rewards you want to redeem and choose how you want to receive them. 

4. Can I use cash back rewards to pay my bill? 

Yes, in most cases you can use Cashback rewards to pay your credit card bill. When you redeem your rewards, you can usually choose to apply them to your statement balance. This can help reduce the amount you owe on your credit card and save you money on interest charges. 

However, be sure to read the terms and conditions of your Cashback card to ensure that using rewards to pay your bill is an eligible redemption option. 

In a world where every penny counts, Cashback credit cards have become a popular choice for people looking to save money on their everyday expenses. With so many options available, it can be overwhelming to choose the best one for your needs. But fear not, we have done the research for you and compiled a list of the best 7 Cashback credit cards of the year.

First on our list is the Chase Freedom Unlimited card, offering an impressive 1.5% cash back on all purchases. Next up is the Blue Cash Preferred Card from American Express, with up to 6% cash back on select categories. The Citi Double Cash Card offers a unique 2% cash back on all purchases, while the Discover it Cash Back Card provides rotating 5% cash back categories.

The Bank of America Cash Rewards Credit Card offers up to 3% cash back on select categories, while the Capital One SavorOne Cash Rewards Credit Card provides 3% cash back on dining and entertainment. Finally, the Amazon Prime Rewards Visa Signature Card offers 5% cash back on Amazon purchases for Prime members.

In conclusion, Cashback credit cards can be a great way to save money on your everyday expenses. With so many options available, it’s important to choose the one that best fits your lifestyle and spending habits. We hope our list of the best 7 Cashback credit cards of the year has helped you in making an informed decision. You can read more about the best cashback credit cards here. Happy saving!