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Compare 4% cash back credit cards

These two options can reward you big on dining, entertainment, gas and more.

A 4% cashback credit card is a rare and highly rewarding find. For every $100 you spend in select categories, you earn $4 back. Unfortunately, there aren’t many credit card options to choose from, with just 2 cards from major providers offering the rate, and they require an annual fee in one form or another. Thanks to the high earning rate however, you can easily offset this fee with purchases on categories like dining, entertainment and gas.

A closer look at your 4% cashback credit card options

4% card for gas purchases

Costco Anywhere Visa® Card by Citi

Finder rating 3.4 / 5 ★★★★★

The Costco Anywhere Visa® Card by Citi can be a good choice for those who spend mostly on gas and are frequent Costco shoppers. You won't get a signup bonus, but you get accelerated cash back on gas, dining, travel and Costco purchases. In the long run, this beats any signup bonus you can get with another card.

4% card with a high signup bonus

Capital One Savor Cash Rewards Credit Card

Finder rating 4.4 / 5 ★★★★★

If you spend more than $5,000 annually on dining and entertainment, the Capital One Savor Cash Rewards Credit Card could be a solid addition to your wallet. It lets you earn accelerated cash back on these categories, plus you get a solid signup bonus and no foreign transaction fees.

How do I choose a 4% cashback credit card?

With only two 4% reward cards available, choosing one comes down to asking yourself a few simple questions:

  • On which categories do you want to earn most rewards?
    The Costco Anywhere Visa® Card by Citi would be a great choice if you want to earn high cashback rate on gas purchases and travel, while the Capital One Savor Cash Rewards Credit Card is better for dining and entertainment purchases.
  • Do you want to earn a signup bonus?
    You can maximize your earnings during your first year with the Capital One Savor Cash Rewards Credit Card, while the Costco Anywhere Visa® Card by Citi doesn’t have a signup bonus at all.
  • Do you want to pay an annual fee?
    The Costco Anywhere Visa® Card by Citi doesn’t have an annual fee for the card, but you can’t apply for it if you’re not a Costco member, which is $60 annually. On the other hand, the Capital One Savor Cash Rewards Credit Card doesn’t have an annual fee for the first year, but it does have a $95 annual fee every year after that.

Am I eligible for a 4% cashback card?

To get a 4% cashback card, you need to have at least a good credit score of 670 or higher. The higher your credit score, the higher your chances of approval.

If you’re not there yet, take your time to improve your credit score. This often includes applying only for one card at a time, paying your debt on time, and keeping your debt low.

What are some alternatives to 4% cashback credit cards?

Given the small selection of 4% cards, it may be a good idea to check out the alternatives. Especially if you don’t want to pay an annual fee. Here’s how some of the popular cashback cards compare with a 4% cashback card.

Capital One Savor Cash Rewards Credit CardChase Freedom Flex℠Citi® Double Cash Card
Cash back
  • 4% on dining and entertainment purchases
  • 2% at grocery stores
  • 1% on everything else
  • 5% in rotating categories up to $1,500 combined each activated quarter, then 1%
  • 5% on travel purchased through Chase
  • 5% on Lyft rides through March 2022
  • 3% on dining and drugstores
  • 1% on all other purchases
2% on all purchases — 1% when you make the purchase and another 1% when you pay it off
Signup bonusEarn $300 when you spend $3,000 in your first 3 monthsEarn $200 when you spend $500 in your first 3 months. You can also earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.No signup bonus
Intro APR on purchasesNo intro APR period0% intro APR period on purchases and balance transfers for your first 15 months, after that a variable APR of 14.99% to 24.74%No intro APR period
Intro APR on balance transfersNo intro APR periodNo intro APR period0% intro APR period for the first 18 months, a variable APR 13.99% to 23.99% after that
Annual fee$95$0$0
See offer
Read review

In this case, Capital One Savor makes sense only if you spend more money on dining and entertainment than any other category. Of course, you can always consider combining multiple cards and use each card on purchases with the maximum cashback potential.

Compare credit cards with 4% cash back or more

Name Product Welcome Offer Rewards Annual fee Filter values
Blue Cash Preferred® Card from American Express
$300 statement credit after spending $3,000 in the first 6 months
6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on other purchases (redeem as statement credit)
$0 intro annual fee for the first year ($95 thereafter)
Earn a $300 statement credit after you spend $3,000 in purchases on your new card within the first 6 months. Having 6 months to earn a welcome offer is a rare benefit as most cards give you only 3. Terms apply, see rates & fees
Chase Freedom Unlimited®
$200 after spending $500 in the first 3 months, plus 5% cash back at grocery stores (not including Target® or Walmart®) on up to $12,000 in the first year
5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year. 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases, 5% on travel purchased through Chase Ultimate Rewards®, Unlimited 1.5% cash back on all other purchases
$0
This solid 1.5% cashback card gets even better with the addition of up to 5% back in categories like travel, drug stores and dining.
Chase Freedom Flex℠
$200 after spending $500 in the first 3 months, plus 5% cash back at grocery stores (not including Target® or Walmart®) on up to $12,000 in the first year
5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year. 5% on up to $1,500 in combined purchases in bonus categories each quarter you activate. 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases
5% cash back on travel purchased through Chase Ultimate Rewards®, and 1% on all other purchases.
$0
Get up to 5% cashback in rotating and newly added everyday categories. The refreshed Freedom Flex card has lots of earning potential.
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Bottom line

The 4% cashback credit cards are great for earning accelerated rewards on up to two categories, such as dining, entertainment and gas. Often, you get to earn 3% or 2% back on additional categories like groceries, travel or streaming services as well.

If you’re not sure if either of these cards would be a good choice, check out other cashback credit cards and compare your options until you find the right card for your needs.

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