Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Best Cashback Credit Cards of 2020

Take advantage of flexible rewards with a card that fits the way you live.

Updated

Fact checked

Our pick for unlimited cash back: Citi® Double Cash Card

Citi® Double Cash Card logo

Up to 2%

Cash back

  • An excellent choice for cash back and balance transfers
  • Market-leading 2% back (1% after buying, 1% after paying)
  • No annual fee
Apply now

Cashback credit cards help you earn money back on your spending at flat rates, in bonus categories or across specific types of purchases. They come with fewer redemption rules than cards involving points or miles — with many allowing rewards deposits to an account. Learn what to look for when narrowing down the best for you, including expert tips to leveraging your benefits and answers to five questions you’re bound to have about these flexible rewards cards.

Best cashback credit cards

Quick look: Best cashback credit cards

Best cashback card for unlimited cash back and ongoing rewards after a balance transfer

Citi® Double Cash Card

Citi® Double Cash Card logo
Finder Rating: 3.8 / 5

★★★★★

Credit recommended (740-850)
Apply now
on Citi's secure site
740
Min. credit score
$0
Annual fee
Up to 2%
Cash back
n/a
Welcome offer
Essentially earning a flat 2% cash back (1% when you buy, plus 1% when you pay for your purchases), the Citi® Double Cash Card is the card to beat when it comes to flat rate cashback cards.
  • Earn cash back. Earn cash back twice on everything you buy — 1% when you make the purchase and 1% when you pay your balance. Similar cards let you earn 1.5% back. That's up to a $100 difference if you spend $20,000 a year with your card.
  • Intro APR on balance transfers. Enjoy 18 months of a 0% intro APR period for balance transfers. Compared to similar cards, this is one of the longest intro periods you can get. After that, a variable APR of 13.99% to 23.99% applies.
  • Citi Entertainment℠. Get special access when buying presale tickets or VIP packages for concerts, sports events, dining and more.
  • Foreign transaction fee. All purchases made abroad or online with foreign merchants cost 3% of the amount.
Annual Fee $0
Purchase APR 13.99% to 23.99% variable
Balance transfer APR 0% intro for the first 18 months (then 13.99% to 23.99% variable)
Welcome offer N/A
Rewards Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)

Best cashback card for rotating categories

U.S. Bank Cash+™ Visa Signature® Card

U.S. Bank Cash+™ Visa Signature® Card logo
Credit recommended (670-850)
Read review
Rates & fees

670
Min. credit score
$0
Annual fee
Up to 5%
Cash back
$150
Welcome offer
With the ability to choose two categories to earn 5% cash back, this card offers strong earning potential if you use it well.
  • Earn cash back. Earn 5% cash back on two categories of your choosing on up to $2,000 in combined purchases each quarter you activate, then 1%. You'll also earn unlimited 2% back on one everyday category of your choosing, like gas or groceries. For all other purchases, you'll get 1% back.
  • Signup bonus. Score a $150 bonus after spending $500 on purchases in the first 90 days of card membership.
  • Intro APR period on balance transfers. Enjoy a 0% intro APR period on balance transfers for the first 12 billing cycles following your account opening. A variable APR of 13.99% to 23.99% applies thereafter.
  • You must keep enrolling in cash back categories. Each quarter, you must log in to your online account and register the categories you want to earn 5% and 2% cash back. Enrollment starts 45 days before the beginning of or during each quarter. If you don't, you'll earn 1% back on these categories.
Annual Fee $0
Purchase APR 13.99% to 23.99% variable
Balance transfer APR 0% intro for the first 12 billing cycles (then 13.99% to 23.99% variable)
Welcome offer $150 after spending $500 in the first 90 days
Rewards 5% on up to $2,000 each activated quarter on two categories combined (1% after), 2% on one everyday category and 1% on all other purchases

Best cashback card for groceries

Blue Cash Preferred® Card from American Express

Blue Cash Preferred® Card from American Express logo
Finder Rating: 4 / 5

★★★★★

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

670
Min. credit score
$95
Annual fee
Up to 6%
Cash back
$250
Welcome offer
Put simply, the Blue Cash Preferred® Card from American Express offers one of the highest cash back rates on groceries on the market. Along with its other cashback categories, this is an excellent family card.
  • Earn cash back. Earn 6% cash back at US supermarkets on up to $6,000 per year. After that, you'll earn 1% back. You'll also earn 6% on select US streaming services and 3% on transit purchases. At US gas stations you'll earn 3% back. For everything else you buy, you'll get 1% back.
  • Welcome offer. Get $250 in statement credit after spending $1,000 on purchases in the first three months of card membership.
  • Intro APR period. Enjoy a 0% intro APR period on purchases for the first 12 months of account opening. After that, a variable APR of 13.99% to 23.99% applies.
  • Annual fee. You'll pay $95 annually to enjoy the card and its perks.
Annual Fee $95
Purchase APR 0% intro for the first 12 months (then 13.99% to 23.99% variable)
Balance transfer APR N/A
Welcome offer $250 after spending $1,000 in the first 3 months
Rewards 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

Best cashback card for dining and entertainment

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 4%
Cash back
$300
Welcome offer
Like the name suggests, the Capital One® Savor® Cash Rewards Credit Card offers strong cash back on dining and entertainment. This rate is bolstered by a solid welcome offer and no foreign transaction fees.
  • Cash back. Earn 4% back on dining and entertainment, and 2% back at grocery stores. Purchases made on sporting tickets at Vivid Seats earn 8% cash back. All other purchases earn 1% cash back.
  • Signup bonus. Earn $300 bonus cash once you spend $3,000 in your first 3 months when you opened your account.
  • High minimum credit line. Your credit line depends on multiple factors, but with this card you won't get a lower credit line than $5,000.
  • Annual fee. For the first year, you won't pay an annual fee. But starting from the second year, expect to pay $95 annually to own the card.
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 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases

Best for gas

Costco Anywhere Visa® Card by Citi

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

★★★★★

Credit recommended (740-850)
Read review
740
Min. credit score
$0
Annual fee
Up to 4%
Cash back
n/a
Welcome offer
The Costco Anywhere Visa® Card by Citi not only earns big on gas, but has great cash back potential in other categories as well. Plus, you'll pay no annual fee provided you're a Costco member.
  • You won't pay an annual fee to own the card.
  • Earn 4% cash back on gas for the first $7,000 spent annually, 1% after that.
  • Earn 3% cash back on restaurants and travel, 2% cash back on purchases from Costco and Costco.com.
  • Earn 1% cash back on everything else.
  • Use your Costco credit card to enter Costco.
  • You need to have Costco membership to apply for the card.
  • You can only redeem your Costco rewards once a year.
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
The information about Costco Anywhere Visa® Card by Citi has been collected independently by Finder and and has not been reviewed or provided by the issuer.

Compare more Visa cashback credit cards

Best for Cashback Match after first year

Discover it® Cash Back

Discover it® Cash Back logo
Finder Rating: 4.8 / 5

★★★★★

Credit recommended (670-850)
Read review
670
Min. credit score
$0
Annual fee
Up to 5%
Cash back
Other
Welcome offer
Discover offers a unique opportunity for cash back in that they'll match your cash back earnings after your first year. Used well, this can equal or exceed similar signup bonuses on the market.
  • No annual fee
  • Excellent rewards in rotating categories
  • Solid intro APR on purchases and balance transfers
  • Cashback Match on all rewards earned during the first card year
  • Bonus categories change every quarter
  • Some merchants don't accept Discover — especially abroad
Annual Fee $0
Purchase APR 0% intro for the first 14 months (then 11.99% to 22.99% variable)
Balance transfer APR 0% intro for the first 14 months (then 11.99% to 22.99% variable)
Welcome offer Discover will match cash back earned at the end of your first card year
Rewards 5% back in rotating categories up to $1,500 combined each activated quarter, then 1% after that and on all other purchases

Best for welcome offer

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 4%
Cash back
$300
Welcome offer
While this card offers great cash back on food and entertainment, it also sports a top of the line signup bonus to boot.
  • Cash back. Earn 4% back on dining and entertainment, and 2% back at grocery stores. Purchases made on sporting tickets at Vivid Seats earn 8% cash back. All other purchases earn 1% cash back.
  • Signup bonus. Earn $300 bonus cash once you spend $3,000 in your first 3 months when you opened your account.
  • High minimum credit line. Your credit line depends on multiple factors, but with this card you won't get a lower credit line than $5,000.
  • Annual fee. For the first year, you won't pay an annual fee. But starting from the second year, expect to pay $95 annually to own the card.
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 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases

Compare more 5% cash back credit cards

Best no-annual-fee cashback card for moderate spending on groceries

Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express logo
Finder Rating: 4.5 / 5

★★★★★

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

670
Min. credit score
$0
Annual fee
Up to 3%
Cash back
$150
Welcome offer
The Blue Cash Everyday® Card from American Express offers great cash back at US supermarkets, as well as solid cash back at US gas stations.
  • Intro APR period on purchases. You'll get a 0% intro APR period on purchases for 15 months after account opening. After that, your rate reverts to 13.99% to 23.99% variable.
  • Earn cash back. Earn 3% cash back at US supermarkets on up to $6,000 per year, then 1% after that. You'll also earn 2% cash back at US gas stations and department stores, and 1% cash back on everything else you buy.
  • Welcome offer. Get $150 bonus after you spend $1,000 on purchases in the first 3 months following your account opening.
Annual Fee $0
Purchase APR 0% intro for the first 15 months (then 13.99% to 23.99% variable)
Balance transfer APR N/A
Welcome offer $150 after spending $1,000 in the first 3 months
Rewards 2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases

Compare more American Express cashback cards

Best for new to credit

Petal® Visa® Credit Card

Petal® Visa® Credit Card logo
Finder Rating: 2.9 / 5

★★★★★

Credit recommended (650-850)
Read review
Rates & fees

650
Min. credit score
$0
Annual fee
Up to 10%
Cash back
n/a
Welcome offer
Petal's unique approach of no fees and not requiring existing credit makes it a terrific choice for credit card newbies. Plus, Petal recently added rewards to the card, sweetening the card's appeal.
  • No credit history required. To be approved for most rewards credit cards, you need a good or excellent credit score. Petal, on the other hand, analyzes your income and financial records, including your checking accounts and bill payments to determine your eligibility.
  • Cash back. Earn 1% cash back on all eligible purchases. Make six on-time monthly payments and your rewards rate goes up to 1.25%. After 12 on-time monthly payments, your cash back rate will increase again to 1.5%. As of December 2019, Petal awards you with up to 10% cash back at select merchants.
  • No fees. You won't pay an annual fee for the card, no foreign transaction fees when using the card abroad or overlimit and late payment fees.
  • No signup bonus. Most similar cards come with a signup bonus in one form or another. Unfortunately, you won't get anything extra with the Petal® Visa® Credit Card.
Annual Fee $0
Purchase APR 12.99% to 23.99% variable
Balance transfer APR N/A
Welcome offer N/A
Rewards Up to 10% cash back from select merchants, on other purchases earn 1% back, 1.25% after six on-time payments and 1.5% after 12 on-time payments

Best for pairing with Chase cards

Chase Freedom Unlimited®

Chase Freedom Unlimited® logo
Finder Rating: 4.2 / 5

★★★★★

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

670
Min. credit score
$0
Annual fee
3.5%
Cash back
$200
Welcome offer
If you're looking for a way to power your Chase Preferred or Reserve, the Chase Freedom Unlimited®'s unlimited flat-rate earnings make it a crucial part of the Chase Trifecta.
  • Earn an unlimited, flat cash back rate of 1.5%.
  • Get a welcome offer of $200 after you spend $500 within your first 3 months of account opening.
  • Don't pay an annual fee.
  • You'll need a Chase Sapphire card to transfer points.
Annual Fee $0
Purchase APR 0% intro for the first 15 months (then 12.99% to 24.74% variable)
Balance transfer APR 0% intro for the first 15 months (then 12.99% to 24.74% variable)
Welcome offer $200 after spending $500 in the first 3 months
Rewards 3.5% on Lyft and 1.5% cash back on all other purchases

Best for cashback signup offer

Alliant Cashback Visa® Signature Credit Card

Alliant Cashback Visa® Signature Credit Card logo
Credit recommended (670-850)
Read review
670
Min. credit score
$99 ongoing
Annual fee
Up to 2.5%
Cash back
n/a
Welcome offer
If you charge at least $3,000 per month on your card, consider the Alliant Cashback Visa® Signature Credit Card. This way, you get to earn the highest flat cashback rate you'll find in a credit card.
  • Cash back. Earn 2.5% cash back on all purchases on up to $10,000 each billing cycle.
  • Relatively low purchase and balance transfer APR. Your purchase and balance transfer APR will be 12.24% variable, which is among the lowest you'll find in a credit card.
  • No foreign transaction fees. This is one of the rare cashback credit cards that doesn't charge foreign transaction fees on purchases made abroad or online with foreign merchants.
  • Annual fee. For the first year, you won't pay any fees for the card. From the second year, however, you'll pay $99 annually.
Annual Fee $0 intro annual fee for the first year ($99 thereafter)
Purchase APR 12.24% to 22.24% variable
Balance transfer APR 12.24% to 22.24% variable
Welcome offer N/A
Rewards 2.5% cash back with no categories to track

How we selected our top cards

When choosing our cashback picks, we looked at a few features, including cashback rate, cashback limitations, earning categories and any other perks that a consumer might find appealing in a cashback card. Those cards that outperformed the others in a given category were chosen for our list.

What’s changed in 2020

Given the abundance of great cashback cards, we’ve expanded our list with a few new categories in 2020. On that note, we’ve crowned new champions for gas, welcome offer and ongoing rewards, as well as a few new niche additions.

We awarded the Blue Cash Everyday® Card from American Express the winner in a different category. It previously held the spot for “Ongoing rewards after a balance transfer,” but it no longer offers an intro APR on balance transfers. Even then, it’s still a great cashback card.

The Chase Freedom Unlimited® no longer comes with a 0% intro APR period on balance transfers. But even without this perk, the card is still an excellent choice for pairing with other Chase Unlimited Rewards cards.

Back to top

  • Why trust us? Finder’s credit card experts live and breathe credit cards, spending close to 400 hours each week researching and writing on the latest credit card happenings. When it comes to recommending cards, we know what makes a card stand out for a certain kind of consumer. We want to share our expertise and help consumers find a card that best fits into their life. Plus, our editorial guidelines keep our content unbiased and accurate for your benefit.

Compare cashback cards by credit card issuer or bank

AMEX logoBank-of-America-LogoCapital-One-Logo
Chase-LogoCiti credit cards logoDiscover provider logo
Wells Fargo Card provider logoMastercard logoVisa logo

Compare cashback credit cards

Name Product Welcome offer Rewards Annual fee Filter values
Citi® Double Cash Card
N/A
Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)
$0
This one of the most valuable flat cashback cards. It comes with 2% cash back (1% when you buy plus 1% when you pay) and 18 months to pay off transfers.
TD Cash Credit Card
$150 after spending $500 in the first 90 days
3% on dining, 2% at grocery stores and 1% on all other eligible purchases
$0
3% on dining and 2% on groceries make this a valuable card for food purchases. Use it while traveling, too, with no foreign transaction fees. Available in: CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT
CardMatch™ from creditcards.com
See terms
See terms
See terms
Use the CardMatch tool to find cards you're likely to qualify for with your credit score, without a hard pull on your credit.
Credit One Bank® Visa® with Free Credit Score Access
N/A
1% cash back on all purchases or in categories based on Credit One Bank’s discretion
$0 to $99
Get 1% cash back on all purchases or in categories based on Credit One Bank’s discretion.
Credit One Bank® Unsecured Visa® with Cash Back Rewards
N/A
1% cash back on all purchases or in categories based on Credit One Bank’s discretion
$0 to $99
Earn 1% cash back on all purchases or in categories based on Credit One Bank’s discretion.
loading

Compare up to 4 providers

Back to top

How do cashback cards work?

With a cashback credit card, your card provider pays you back a small portion of what you spend. For example, if it offers 1% cash back, you’ll receive $1 in rewards for every $100 you spend.

Despite the name, you don’t actually receive physical cash back for using this kind of card. Instead, you can redeem your cash back as statement credit, deposits into your bank account or other items such as merchandise and gift cards.

Depending on the issuer, your card provider may redeem cash back for you automatically, applying it to your account as statement credit. Some providers require you to have a minimum amount of cash back before you can redeem — often $25 or more.

There are three types of cashback cards:

1. Flat rate cashback cards

These simple cards earn the same percentage for everything, no matter what type of purchase it is. Look for a card that earns 1.5% or 2% cashback.

2. Tiered cashback cards

Tiered cards earn elevated cashback on set purchases, which are generally everyday spending areas such as gas and groceries. These cards can earn up to 6% cashback on the bonus categories!

3. Rotating category cards

These cards earn up to 5% on categories that change each quarter. You’ll earn 1% on spending outside the bonus categories.

When is a cash back card worth it?

Given the nature of most cashback cards, its rare that adding one to your wallet won’t be worth your time. The main consideration you’ll want to think about before applying for one is what kind of cashback card do you want: a flat rate card, or category card. This will most determine whether a cashback card is worth it.

Which you pick ultimately comes down to your spending habits. Do you want to earn a flat-rate on all purchases? Or do you want to earn a higher rate on specific purchases, albeit on categories that rotate throughout the year? Here’s how your earnings could pan out after one month of spending using the Citi® Double Cash Card and Chase Freedom® as examples.

Flat-rate: Citi® Double Cash Card

PurchasesAmount spentCash back earned
Groceries$400$4
Gas$100$1
Travel$300$3
Total$800$8
Double cash perk total$16

Categories: Chase Freedom®

Unlike the Citi® Double Cash Card, the Chase Freedom® can earn up to 5% cash back on eligible purchases. However, the categories eligible to earn 5% change on a quarterly basis and you can only earn this rate up to a certain spending cap.

Outside of these bonus categories, you earn 1% back on everything else. As of this writing, the card’s quarterly bonus categories included gas stations, internet, cable and phone services, and select streaming services.

PurchasesAmount spentCash back earned
Groceries$400$4
Gas$100$5
Travel$300$3
Total$800$12

How to compare cashback cards

As you compare credit cards, certain features may stand out to you. Here’s what to look for as you find your next cashback card.

Annual fee

Consider a card with no annual fee. If you choose a card with an annual fee, make sure you can earn enough rewards within a year to offset the fee.

How much cash back will you earn?

Think about the areas you spend the most and pick a card that earns more cashback in those areas.

Signup bonus

Cashback cards commonly offer signup bonuses to new cardholders. If a card has a bonus, consider whether you can meet the spending requirement in time.

Earning or spending caps

Some cashback cards cap the amount of rewards you can earn within a certain time period.

Do you travel?

If you travel, a cash back card might not offer the greatest value for your spending needs.

Additional features

Some cashback cards might come with intro APRs or forgo foreign transaction fees.

You asked, we listened: Top 5 common questions

Cash back on purchases sounds straightforward, but there can be a few caveats. Here are the five most common questions we receive on the subject.

  1. Do cashback cards actually give cash? No. Instead, you’ll receive a statement credit on your card account.
  2. What credit score do I need? Generally, many cashback credit cards require good credit or better for qualification.
  3. Do I owe taxes on cash back? No. Cash back is treated as a discount for the purpose of taxes.
  4. Which is better: cash back or reward points? This depends on what you ultimately want to use your rewards points on. While you can potentially get more value out of reward points, cash back is also worth it if you personally find it valuable.
  5. What types of cashback cards are there? Cashback cards fall into three earning categories: flat rate, tiered and rotating categories.
Back to top

Cashback cards by credit score

Rotating category calendars

Ask the experts

Lee Huffman
Eliot Buchanan
Amy and Tim profile picture
Eric Rosenberg
Malcolm Robinson profile picture
Scott Wysong
Boris Vallee

Bottom line

Cashback cards are typically pretty easy to understand. At the same time, they can offer attractive rewards.

Consider your spending to figure out which kind of card might reward you most. Then, compare your cashback options to find the best product for you.

Back to top

Credit card ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our team evaluates credit cards to determine their value against similar cards on the market.

We rank card types — travel, cash back, business — on a set of factors that are most relevant to that type of card. We create these rankings to help you narrow down a credit card that best suits your spending and budget.

Learn the details of our methodology and scoring.

Read more on this topic

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site