Advertiser Disclosure

The Best Cash-Back Credit Cards of 2021

This list of top cash-back cards list will give you some insight if you're getting ready to add a cash-back card to your wallet.

This list of top cash-back cards list will give you some insight if you’re getting ready to add a cash-back card to your wallet.

Today we’ll go over cash-back credit cards. Many of my friends know I’m a personal finance blogger and ask me about which credit cards have the best cash back programs or which offer the best rewards. Fortunately, many different credit cards offer reward systems and this makes the competition fierce and is better for consumers, i.e. you.

The top cash-back credit card list below is compiled of cards that offer the best bang for your buck. If you are going to sign up for a new credit card, make sure it is one that offers cash back for your purchases for starters. We want to get you the best maximum value for that plastic card you’ll use on a daily basis.

Best Cash-Back Credit Cards of 2021:

  • Discover It: 1% cash back on everything, 5% cash back on rotating categories (this quarter is Uber/Lyft/etc).
  • Chase Freedom: The categories are usually different than the ones for Discover, they work great together.
  • Bank of America Cash Rewards: 1% cash back on every purchase, 2% at grocery stores and wholesale clubs and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter. The advantage of a card like this is if you put a recurring payment like Netflix, Apple Music, etc on it and just auto-pay each month
  • Citi Double Cash: 2% cash back on everything. This is my daily driver. 1% cash back when you spend + 1% cash back when you pay your bill.

If cash back is your goal, you’re going to generally want to stay away from cards with annual fees.

None of the ones I listed have an annual fee.


Want Free Money?

  • Aspiration: Want to get spotted a $150 for free? Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $150 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.

The Amex Blue Cash Everyday seems like a good card as well, you may want to look into that one to save more at the grocery store and gas stations, but it has as an annual fee as others in this thread have stated. Let’s dive deep in these cards.

1. Discover It

Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more, up to the quarterly maximum, each time you activate. Plus, earn unlimited 1% cash back on all other purchases — automatically.

best cash back card

Welcome bonus: Enjoy a $50 statement credit. Click here to view the bonus.

2. Chase Freedom

Earn unlimited cash back Earn unlimited 1.5% cash back on every purchase – it’s automatic. No minimum to redeem for cash back.

best cash back cards

Welcome bonus: $200 bonus after you spend $500 on purchases in the first 3 months from account opening.

3. Bank of America Better Balance Rewards Card

1% cash back on every purchase, 2% at grocery stores and wholesale clubs and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter.

best cash back credit cards

Welcome bonus: Online $200 cash rewards bonus after making at least $500 in purchases in the first 90 days of your account opening.

4. Citi Double Cash

Earn cash back on your purchases with one of Citi’s best cash back credit cards. The Citi® Double Cash card lets you earn 2% cash back — 1% on purchases and an additional 1% as you pay for those purchases.

best cash back cards

Welcome bonus: N/A

Compare Credit Cards

Here is a review of the best cash-back credit cards with full details of Bonus rates, cash back rates, and annual Fee.

Card Bonus Rates Flat Cash-Back Rate Annual Fee
Capital One Savor Cash Rewards Credit Card 4% on dining and entertainment and 2% at grocery stores 1% $95 (waived the first year)
Wells Fargo Propel Amex 3x points on dining, travel and select streaming services and 1x on everything else; points are worth 1 cent apiece 1% $0
Ink Business Cash Credit Card 5% at office supply stores*; 2% on gas and restaurants** 1% $0
Blue Cash Preferred Card from American Express 6% cash back on purchases at US supermarkets (on up to $6,000 of spending each reward year, then 1%) plus 3% cash back at US gas stations, and 1% cash back everywhere else 1% $95
Chase Freedom 5% quarterly bonus on up to $1,500 1% $0
Chase Freedom Unlimited 1.5% on all purchases 1.5% $0
Capital One Quicksilver Card 1.5% on all purchases 1.5% $0
Citi Double Cash Card 1% when you make purchases, 1% when you pay your bill 1% $0
Discover it® Cash Back With the Discover it card, you can earn 5% cash back on up to $1,500 in purchases made in accordance with Discover’s 2018 Cashback Calendar after enrollment.; Discover will match cash-back for first year. 1% $0
Bank of America Cash Rewards credit card 2% back at grocery stores and wholesale clubs and 3% on gas for the first $2,500 in combined grocery/wholesale/gas purchases each quarter 1% $0

Best Cash Back Cards Summary

Hopefully, this list has given you some insight if you’re getting ready to add a cash-back card to your wallet.

To summarize:

  1. Discover It: 1% cash back on everything, 5% cash back on rotating categories (this quarter is Uber/Lyft/etc).
  2. Chase Freedom: The categories are usually different than the ones for Discover, they work great together.
  3. Bank of America Cash Rewards: 1% cash back on every purchase, 2% at grocery stores and wholesale clubs and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter. The advantage of a card like this is if you put a recurring payment like Netflix, Apple Music, etc on it and just auto-pay each month
  4. Citi Double Cash: 2% cash back on everything. This is my daily driver. 1% cash back when you spend + 1% cash back when you pay your bill.

Want free money?

  • Robinhood is a free investing app for your phone. I really mean free all around – free to join and they don’t charge any fees to buy or sell the stock. You can get a share of stock like Apple, Ford, or Sprint for free when you join through this link. The value of the free share may be anywhere between $2.50 and $500 and fluctuates based on market movements. You’ve got nothing to lose.
Brian Meiggs
Brian is the chief editor of Finance Write and is a personal finance expert who has spent the last few years writing about how Millennials can make smarter money moves. He has been quoted in several online publications, including Yahoo! Finance, NASDAQ, MSN Money, AOL, Discover Bank, GOBankingRates, Student Loan Hero, Fit Small Business, Cheapism, SmartAsset, Bankrate, RISE Credit, AllBusiness, Cheddar, Commonbond, Niche, Rewire, Credit Donkey, Debt.com, and more. He uses the free Personal Capital app to manage his cash flow and net worth.

Compare Personal Finance Options for 2021

What is Your Financial Goal?
ImageDescriptionGo
aspirationThis Company Will Give You $150 for Opening a Free Account
  • Boost your savings and earn up to 1.00% APY interest on your savings
  • Get up to 10% cash back on your purchases
  • Get $150 bonus when you spend your first $1,000 with your new Aspiration Plus Card
Learn More
personal capitalThe Smart and Free Way to Manage Your Money
  • Take control of your finances with the perfect union of technology and highly personalized service
  • Get access to free online financial tools, including retirement planner, investment checkup, net worth calculator and more
  • Digital-first wealth management advisor with 24,000 clients in 50 states
Learn More
personal capitalGet Up $500 in Free Stock for Joining
  • Commission-free stock, ETF and options trades
  • Get a free stock worth up $500 when joining (must complete application)
  • Simple, easy to use investor platform with no account minimums
Learn More
personal capitalThe First and Only Interest Earning Crypto Account
  • Receive up to $250 Bitcoin bonus when you make qualifying deposits over the first 30 days
  • Receive up to 8.6% annually on your crypto
  • Join the most trusted financial services for crypto investors on the market
Learn More
sofiAll-In-One Investing That's Easy to Use
  • Invest in stocks, ETFs, crypto, or automated investing in all one app
  • No commissions for stocks and ETFs
  • Complimentary access to SoFi Financial Planners
Learn More
blooom401K and IRA Management
  • Start your free 401k and IRA management now
  • Find and reduce hidden fees
  • Improve your diversification
Learn More
citEnjoy the Benefits of a CIT Bank Money Market Account
  • A CIT Bank Money Market Account helps you get more from your savings with interest rates for maximum growth
  • Earn over 7x the national average with high-interest rates
  • It now pays to open a money market account with CIT Bank
Learn More

You might also like