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Top 4% cash back credit cards

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

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Our pick for a 4% cash back card: Costco Anywhere Visa® Card by Citi

Costco Anywhere Visa® Card by Citi logo

Up to 4%

Cash back

  • One of the most well-rounded cashback cards
  • 4% on gas on up to $7,000, then 1%
  • 3% on restaurants and travel
  • 2% at Costco
Apply now
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, and they require an annual fee in one form or another. But don’t worry, this can be easily offset if you spend heavily on categories like dining, entertainment and gas.

A closer look at 4% cashback credit card options

Best for gas credit card
Costco Anywhere Visa® Card by Citi

Costco Anywhere Visa® Card by Citi logo
Finder Rating: 3.6 / 5

★★★★★

Credit recommended (740-850)
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on Citi's secure site
740
Min. credit score
$0
Annual fee
Up to 4%
Cash back
n/a
Welcome offer
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.
  • Cash back. Earn 4% cash back on gas for the first $7,000 in purchases per year, then 1%. Get 3% back on dining and travel and 2% back on Costco and Costco.com purchases. On everything else you buy, earn 1% cash back.
  • Use the card as a Costco membership ID. To enter Costco, you need to show your membership card. As a Costco Anywhere Visa® Card by Citi cardholder, you can show your card for entry.
  • No foreign transaction fee. Use this card when traveling abroad without fear of incurring foreign transaction fees.
Annual Fee $0
Purchase APR 15.24% variable
Balance transfer APR 15.24% variable
Welcome offer N/A
Rewards 4% at gas stations on up to $7,000 annually (then 1%), 3% at restaurants and on travel, 2% at Costco and 1% on all other purchases

Best for high signup bonus credit card
Capital One® Savor® Cash Rewards Credit Card

Capital One® Savor® Cash Rewards Credit Card logo
Finder Rating: 4.4 / 5

★★★★★

Credit recommended (670-850)
Read review
Rates & fees

670
Min. credit score
$95 ongoing
Annual fee
Up to 8%
Cash back
$300
Welcome offer
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.
  • Signup bonus. Spend $3,000 on purchases during your first 3 months of card membership and get a $300 cash bonus.
  • Cash back. Earn 4% cash back on dining and entertainment purchases — including tickets for concerts, sporting events, movies, theme parks, bowling alleys and more — 2% back at grocery stores and 1% back on everything else you buy. Redeem as statement credit or a check.
  • No foreign transaction fees. Use this card freely outside of the US and you won't incur any foreign transaction fees.
  • High minimum credit line. Capital One determines your credit line based on multiple factors. But with this card, you won't get a credit line of less than $5,000.
  • Access to VIP packages.Get access to VIP packages or lounges for some of the biggest concerts and music festivals. Also get VIP experiences, discounts and on-site perks for big sports events.
Annual Fee $0 intro annual fee for the first year ($95 thereafter)
Purchase APR 15.99% or 24.99% variable
Balance transfer APR 15.99% or 24.99% variable
Welcome offer $300 after spending $3,000 in the first 3 months
Rewards 8% cash back with Vivid Seats, 5% on Uber Eats, 4% on dining and entertainment, 2% at grocery stores and 1% on all other purchases

How to 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.

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 monthsNo signup bonus
Intro APR on purchasesNo intro APR period0% intro APR period on purchases for your first 15 months, after that a variable APR of 14.99% to 23.74%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$0 for the first year, $95 after that$0$0
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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
$250 after spending $1,000 in the first 3 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 all other purchases
$95
Perfect for families: Get up to 6% on everyday purchases and a welcome offer worth $250. This heavy-hitter rewards card has uncontested value. Rates & fees
Chase Freedom Flex℠
$200 after spending $500 in the first 3 months
5% back in rotating categories up to $1,500 combined each activated quarter (then 1%), 5% on travel purchased through Chase, 3% on dining and drugstores, 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.
Chase Freedom Unlimited®
$200 after spending $500 in the first 3 months
5% cash back on travel purchased through Chase, 5% on Lyft, 3% on dining and drugstores and 1.5% 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.
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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. And if you’re looking for a solid signup bonus, you may have to pay an annual fee.

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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