Which cash back credit card is best?

Different cash back credit cards have their unique reward programs and perks, which benefit cardholders in many ways. We took a look at many cash back credit cards and compared many of their areas such as reward rates, annual fees, and required credit score. We are going to introduce some of the best cash back credit cards in our opinions now.

1. Chase Freedom Unlimited

Cardholders of Chase Freedom Unlimited are able to enjoy a flat 1.5% reward rate on any purchase without paying the annual fee. For the welcome bonus, new customers will receive $150 if they spend more than $500 in the first months after opening their account. Besides, there is no interest during the first 15 months for all cardholders. If you have a good or excellent credit score, we strongly recommend Chase Freedom Unlimited as one of the best flat-rate cash back credit cards.

2. Discover it

If you apply for Discover it credit card successfully, you will get a 5% cash up to $1500 in any category you activate in every quarter. This feature can be really useful because different customers can activate any category which they spend the most money on. For other purchases, all cardholders will still earn 1%. While cardholders do not need to worry about any annual fee, they can redeem their cash back at any time. However, the recommended credit score is still good or excellent. 

3. US Bank Cash+ Visa Signature Card

Similar to Discover it, US Bank Cash+ Visa Signature Card allows cardholders to decide two categories and enjoy a 5% cash back on $2000 of any combined purchase in both categories per quarter. In addition, cardholders can also earn 2% back in one of the “everyday” categories such as oil or groceries every quarter and earn 1% back on everything else. This card does not only have an annual fee but also provides customers the greatest flexibility and value. 

4. Citi Rewards+ Student

We also select an excellent cash back credit card for students. For a welcome bonus, cardholders can earn 2500 bonus ThankYou points if they spend more than $500 in the first three months after opening their accounts. For every dollar students spend at a gas station or supermarket, they will receive 2 ThankYou points. For all other purchases, they will receive 1 ThankYou points per dollar spent. In addition, students will also receive 10% of their ThankYou points back after redeeming the first 100000 points every year.

5. Discover it Secured

This is a great option if you only have a bad or limited credit score. This card offers cash back rewards and helps cardholders rebuild their credit score. Cardholders can earn 2% on $1000 in combined purchases at restaurants and gas stations every quarter and unlimited 1% on any other purchases. However, cardholders are required to make a $200 security deposit to build a line of credit at the very beginning.

We believe that these are the five of the best cash back credit cards. The order does not indicate rankings and there are still a lot of great available credit cards in the market. This article is only a recommendation to help you find the best cash back credit card that fits your spending habit and life.