Cash-back credit cards have two sides one is that it helps you grow financially and provides you with numerous benefits. The other side is that it turns out to be a nightmare for you because of its high-interest rates and unfair policies.
Every company has its term and conditions few offer 2% cash back, whereas others give around 5% cash back on every transaction.
So, it’s better to do your complete research before choosing any credit card. In this blog, we are going to share with you the best cash-back credit cards in the USA for 2023.
List of best cash-back credit cards
1) Chase Freedom Unlimited
This can be one of your best choices, as it offers so many amazing offers for customers that rarely anyone would refuse to buy it.
Annual fee – $0
APR – 20.24%–28.99
Bonus – Up to $200
Rating – 5/5
Details:
- They don’t charge a single dollar for the annual fee, and you get access to all its features free of cost.
- Customers get a golden chance to earn $200 as a bonus when they spend $500 in the first 3 months of the new account.
- They provide consumers with a 0% APR facility for the first 15 months from the date account was opened on balance transfers and buys.
- There is no minimum limitation to draw rewards, and cashback bonuses do not expire until the account is not closed.
- Chase Freedom Unlimited gives 5% cash back on travel and 3% on drug stores and restaurants.
- You can get 1.5% cashback on other purchases.
- They do charge a 3% transaction fee on foreign transactions.
2) Wells Fargo Active Cash
This company is highly reputed because of its services and the security features it provides to its customers. It has also the best Cash back credit cards in the USA in 2023.
Annual fee – $0
APR – 19.99% to 29.99%
Bonus – Up to $200
Rating – 5/5
Details:
- There is $0 APR for the initial 15 months from the day the account opened on purchases, and the balance transfer afterwards will be 19.99%, 24.99%, or 29.99%. Balance transfers completed within 120 days from the account beginning to qualify for the intro rate and fee.
- There is no annual fee.
- It provides refined safety characteristics like voice verification and 2-step verification.
- Consumers can earn up to $200 if they spend $500 in the first 3 months of account opening.
- Get benefits of up to $600 on mobile security if you pay your monthly bill through a Wells Fargo credit card (subject to a $25 deductible).
3) Discover It
It’s one of the top-notch cash back credit cards in the USA, with generous cash-back rewards and perks, making it a popular choice for savvy spenders.
Annual fee – $0
APR – 16.99%- 27.99%
Bonus – Up to $100
Rating – 5/5
Details:
- There is no annual fee.
- APR is 0% for the first 15 months on purchases and balance transfers. Afterwards, it is 16.99% to 27.99% standard variable purchase APR and up to a 5% fee for upcoming credit transfers will apply.
- Customers can earn up to 5% cash back on everyday purchases at the grocery store, gas stations, and Amazon till quarterly when you activate.
- There is no minimum limit to redeem if you earn 1$ in cash back then, you can immediately redeem that.
- Get 1% limitless cash back on all buys automatically.
4) Capital One Quicksilver
Capital One offers many types of cashback credit cards for each category of people, from fair to excellent credit scores.
Annual fee – $0
APR – 19.99% – 29.99%
Bonus – Up to $200
Rating – 5/5Â
Details:
- Get up to 1.5% cashback on every buy each day.
- $0 annual fee
- No foreign transaction fees.
- On expenditure of $1000 from the card in the initial 3 months, get a bonus of up to $200.
- If you book hotels and rental cars through Capital one travel you can earn 5% cashback.
- There is a 0$ APR for the first 15 months; after that, I would be a 19.99% – 29.99% variable APR.
- On balance transfers, a 3% fee would be charged for the foremost 15 months.
- There is no expiry date for cashback rewards till the account is active, and no limit on earning cashback.
5) American Express (Blue Cash Everyday Card)
When it comes to cash back credit cards in the USA, the American Express Blue Cash Everyday Card stands out. With its attractive rewards program, it offers cash back on everyday purchases, making it a favorite choice for those seeking to maximize their savings and earn rewards effortlessly.
Annual fee – $0
APR – 18.99% to 29.99%
Bonus – Up to $200
Rating – 4.8/5Â
Details:
- If a customer spends $2000 from the card within 6 months of account opening, they will receive a cashback of $200 in the form of a statement credit.
- There is no annual fee.
- They charge 2.7% as foreign transaction fees.
- Get up to 3% cash back at US gas stations, supermarkets, and US online retail buys but only on purchases of $6000 each year afterwards only 1% cash back.
- Receive 1% cashback on all other purchases.
- There is a $0 APR for the first 15 months; afterwards, it will be a variable APR of 18.99% to 29.99%.
How to choose a cashback credit card?
- Reviews – This is one of the best ways to check whether the credit card you are choosing is worth it or not because people share their honest reviews online.
- Annual fee – Mainly banks do not charge an annual fee, but there are a few banks and credit cards on which there is a fee of about $95 so before proceeding further check if you are willing to pay a fee or not.
- Comparison – There are millions of credit card companies, and you may get confused about which one to choose. The best way is to make a comparison there are also numerous tools & websites regarding credit card comparison.
- APR – (Annual percentage rate) is how much it will cost you every year to borrow money. It is usually 20% and goes up to 29% depending on the company, but it is very important to check the best APR you can get as it will have a strong effect on your financial planning.
That’s it for this blog. We hope you got all the relevant information you were looking for.