NerdWallet's Best Cash Back Credit Cards of May 2021
There are no credit cards with 3% cash back on everything, at least not forever. The closest you can get is with the Alliant Cashback Visa® Signature Credit Card. ... The Blue Cash Preferred® Card from American Express has an annual fee of $0 intro 1st yr, $95 after.
The U.S. Bank Cash+™ Visa Signature® Card is a flexible 5% cash-back card that lets you choose two categories each quarter to earn 5% cash back on up to your first $2,000 in combined eligible purchases. This is a helpful feature for consumers who want control over the bonus categories.
The best 5% credit cards are the Chase Freedom Flex℠, Discover it® Cash Back, and the Capital One® Walmart Rewards® Mastercard®. These 5% cards stand out because of their $0 annual fees and other great rewards that support their 5% bonus categories, which may require activation.
Cash back is flexible and easy to redeem. Points or miles dangle the possibility of a paid-for vacation and, sometimes, a higher reward value per dollar spent. Nowadays, some cards let you redeem rewards for cash or travel at the same value. ... “If you don't want to work at it, cash back is the easy decision.
Stores That Give the Most Cash Back at the Register:
Best cash-back cards with no annual fee
Category | Credit Card | Estimated rewards earned after five years |
---|---|---|
Winner | Chase Freedom Unlimited® Card | $2709 |
Runner-Up | Citi® Double Cash Card | $2213 |
Best for Rotating Bonus Categories | Chase Freedom Flex℠ | $2647 |
Best for Online Shopping | PayPal Cashback Mastercard® | $2213 |
The best 2% cash back credit card is the Citi® Double Cash Card – 18 month BT offer. Citi Double Cash is the best 2% cash back credit card because it has a $0 annual fee and gives unlimited 1% cash back when buying something plus another 1% when paying for it, for a total of 2% cash back on all purchases.
Some credit cards that offer cash back rewards may also offer a higher payback on purchases from a specific spending category. For instance, you might be able to earn 3% back at grocery stores or at gas stations. Some cards also offer bonus cash back on special spending categories that change each quarter.
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