Many of the credit card offers that appear on this site are from credit card issuers from which MillionMileSecrets.com receives compensation. Compensation does not impact the placement of cards on Million Mile Secrets other than in banner advertising. MillionMileSecrets.com does not include all credit card offers that might be available to consumers in the marketplace.

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

Best cash back credit cards of 2020

Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full Advertising Policy.

Best cash back credit cards of 2020

Meghan HunterBest cash back credit cards of 2020Million Mile Secrets Team

Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full Advertising Policy.

The simplest credit card reward you can earn is cash back. With a cash-back card, you’re getting money back just for using a credit card. But if you’re not using the credit card with best cash-back rewards for your spending habits, you’re missing out on free money. Booking flights and hotels with rewards earned from the top travel credit cards can get you trips worth hundreds or thousands of dollars, but don’t overlook cash-back credit cards (even if you’re a die-hard miles and points collector).

Earning the points you need to book airfare and accommodations is easy with the best airline credit cards and the best hotel credit cards. While those expenses are normally the biggest part of a travel budget, you’ll still have more to pay for once you get to your destination. These other expenses can add up quickly – but you won’t have to worry if you’re earning cold, hard cash from the best cash back credit cards. You can redeem cash back for anything, not just travel, to offset these incidental expenses.

Best Cash Back Credit Cards

Comparing cash back credit card offers

Cash back credit cardsBonusBonus cash back rate
Wells Fargo Propel American Express® card20,000 bonus points (worth $200 in cash back, travel, gift cards or other rewards) after you spend $1,000 in purchases within the first three months of card opening- 3x points on travel purchases (flights, hotels, homestays, and car rentals)
- 3x points on eating out and ordering in
- 3x points on gas stations, rideshares, and transit
- 3x points on eligible streaming services
- 1 point on all other purchases
-Terms Apply
Capital One® Savor® Cash Rewards Credit Card$300 cash back after you spend $3,000 on purchases within the first three months of account opening- 4% on dining and entertainment purchases
- 2% at grocery stores
Blue Cash Preferred® Card from American Express$250 statement credit after you spend $1,000 on purchases in the first three months of account opening. Terms apply. - 6% at U.S. supermarkets (up to $6,000 in purchases per calendar year, then 1% cash back)
- 6% on select U.S. streaming services
- 3% at U.S. gas stations and on transit
- 1% on everything else
- Terms Apply
Chase Freedom$150 bonus (15,000 Chase Ultimate Rewards points) after you spend $500 on purchases within the first three months of account opening5% on up to $1,500 in combined purchases in rotating quarterly categories (activation required)
Chase Freedom Unlimited$150 bonus (15,000 Chase Ultimate Rewards points) after you spend $500 on purchases within the first three months of account opening1.5% cash back (1.5X Chase Ultimate Rewards points per $1) on all purchases
Ink Business Cash Credit Card500 cash back bonus (50,000 Chase Ultimate Rewards points) after you spend $3,000 in purchases within the first three months of opening your account- 5% back (5x Chase Ultimate Rewards points per $1) on the first $25,000 you spend in combined purchases at office supply stores and on phone, internet, and cable TV services each account anniversary year
- 2% back (2x Chase Ultimate Rewards points per $1) on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
Citi® Double Cash CardNo intro bonus- 2% back: 1% back on all purchases and an additional 1% back when you pay off the purchases

Wells Fargo Propel American Express® card

Best for biggest cash bonus with no annual fee

Bonus

The Wells Fargo Propel American Express card comes with 20,000 bonus points (worth $200 in cash back, travel, gift cards or other rewards) after you spend $1,000 in purchases within the first three months of card opening.

Insider tip

If you pair the Propel card with the Wells Fargo Visa Signature® Card you can increase the value of your points if you pool your points between the two cards. With the Visa Signature card you can redeem points toward airfare booked through the Wells Fargo Go Far Rewards portal for 1.5 cents each. And if you spend $50,000+ on your Visa Signature card in a calendar year that rate bumps up to 1.75 cents each.

Benefits and perks

This card earns 3x points on travel purchases (flights, hotels, and car rentals), eating out and ordering in, gas stations, rideshares, transit and on eligible streaming services. You’ll earn one point per dollar for all other purchases. In addition to having no foreign transaction fees, you’ll also get cell phone insurance when you pay you cellular service provider with your Propel card (up to $600 per claim with a $25 deductible).

Annual fee

This card doesn’t have an annual fee.

Why it’s worth it

Your points are worth one cent apiece for rewards like cash back, travel or gift cards. If you spend a lot in these categories, earning 3% back in rewards is a good deal, especially for a card with no annual fee.

Capital One® Savor® Cash Rewards Credit Card

Best cash bonus with waived annual fee (for the first year)

Bonus

When you open a Capital One Savor card, you’ll earn $300 cash back after you spend $3,000 on purchases within the first three months of account opening.

Insider tip

This is a great card that earns 4% cash back on dining and entertainment purchases.

Benefits

It’s the perfect card to use when you’ve got a night out on the town planned because it earns 4% cash back on dining and entertainment purchases. You’ll also earn 2% cash back at grocery stores and 1% cash back on all other purchases.

And there is no limit to the amount of cash back you can earn.

Annual fee

The card has a $95 annual fee, but it’s waived the first year.

Why it’s worth it

The Capital One Savor is one of the best credit cards for restaurants, so if you eat out a lot it’s a great choice. Also, because the annual fee is waived for the first year, all of the $300 intro bonus is yours to keep.

Blue Cash Preferred® Card from American Express

Best for select U.S. streaming services, U.S. supermarkets and U.S. gas stations

Bonus

The Amex Blue Cash Preferred card has a $250 statement credit bonus after you spend $1,000 on purchases in the first three months of account opening.

Insider tip

While this card earns a stunning 6% back on select U.S. streaming services, you’ll want to be aware that sometimes you won’t earn that bonus if the service is paid for as part of a package deal. For example, if a streaming service was bundled with your cable or internet provider you wouldn’t earn the 6% back. Terms Apply.

Benefits

The card also has some rock solid bonus categories or 6% cash back at U.S. supermarkets (up to $6,000 in purchases per calendar year, then 1% cash back), 6% cash back on select U.S. streaming services, 3% cash back at U.S. gas stations and on transit and 1% cash back on everything else.

Annual fee

The Blue Cash Preferred has a $95 annual fee (see rates and fees).

Why it’s worth it

The Amex Blue Cash Preferred is great for stacking up savings on your daily commute. You’ll get unlimited 3% cash back at U.S. gas stations and on transit. And the transit category is broad: it includes subways, ferries, taxis, ride sharing, tolls and parking.

The 6% cash back on select U.S. streaming services is a bonus category almost everyone can easily take advantage of because it includes services like:

  • Amazon Music
  • Apple Music
  • Audible
  • CBS All Access
  • Direct TV Now
  • ESPN+
  • Fubo TV
  • HBO Now
  • Hulu
  • iHeartRadio
  • Kindle Unlimited
  • MLB.TV
  • NBA League Pass
  • Netflix
  • NHL.TV
  • Pandora
  • Prime Video Unlimited
  • Showtime
  • Sling TV
  • SiriusXM Streaming and Satellite
  • Spotify
  • YouTube Music Premium
  • YouTube Premium
  • YouTube TV

Just keep in mind that if you pay for one of the subscriptions through a third party or as part of a package deal, you might not earn the bonus cash back. Also, certain superstores, like Target or BJs, won’t qualify for the U.S. supermarket bonus.

Chase Freedom

(Photo by Wyatt Smith)

Best for rotating bonus categories

Bonus

You can earn a $150 bonus (15,000 Chase Ultimate Rewards points) with the Chase Freedom card after you spend $500 on purchases within the first three months of account opening.

Insider tip

The cash back you get with the Chase Freedom card is earned in the form of Chase Ultimate Rewards points. By themselves, these points are worth one cent each toward a range of redemptions. But if you pair the Chase Freedom with either the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® or Ink Business Preferred℠ Credit Card, your Chase points have more value because you can then transfer them to travel partners.

Benefits and perks

You’ll also earn 5% cash back (5x Chase Ultimate Rewards points per $1) on the no annual fee Chase Freedom card’s rotating quarterly categories. After you activate the bonus, you can earn it on up to $1,500 in spending each quarter ($75 back) combined across all bonus categories. The bonus categories are typically useful, like gas stations, grocery stores and mobile wallet or PayPal payments.

When PayPal was included as a bonus category, I took advantage of the Chase Freedom card’s 5% cash back by paying my taxes through PayPal with my card. The category bonus made it a profitable move, even with the extra fees for making the payment with a card.

Annual Fee

This card has no annual fee.

Why it’s worth it

The ability to combine Chase Ultimate Rewards points you earn with the Chase Freedom card with other Ultimate Rewards cards and then transfer them to airline and hotel partners, like Hyatt and Southwest, is invaluable. For example, you could redeem 30,000 Chase Ultimate Rewards points for $300 cash back. Or, you could transfer those points to Hyatt and book a $900 hotel room. Those same points could get you to Hawaii and back if you transferred to British Airways or Singapore Airlines. That’s why being able to transfer your points is so powerful.

Chase has one of the more restrictive application rules – the 5/24 rule. Chase will not approve you for most of their cards if you’ve opened five or more cards from any bank (not counting Chase business cards and certain other business cards) in the past 24 months. The Chase Freedom card is affected by this rule. So if you’re new to the rewards credit card hobby, it makes sense to apply for the best Chase credit cards you want first, then get other cards later on.

Chase Freedom Unlimited

(Photo by Wyatt Smith)

Best for spending outside of bonus categories</strong

Bonus

With the Chase Freedom Unlimited card, you can earn a $150 bonus after you spend $500 on purchases in your first 3 months from account opening.

Insider tip

If you have the Sapphire Reserve card you can redeem Ultimate Rewards points for 1.5 cents each toward travel booking through the Chase travel portal. That makes it a great card to pair with the Freedom Unlimited because every purchase you make would be earning 2.25% toward travel (1.5x Chase points X 1.5 cents per point).

Benefits and perks

You’ll earn 1.5% cash back (1.5X Chase Ultimate Rewards points per $1) on all purchases, with no cap on how much cash back you can earn. That makes this card one of the best for everyday, non-bonus spending.

It’s best for folks who like fixed rewards, because there are no bonus categories you’ll have to remember.

Annual fee

This card has no annual fee

Why it’s worth it

Just like the Chase Freedom card, when you pair the Chase Freedom Unlimited with an annual-fee Ultimate Rewards card, all the points you earn become transferable to travel partners.

Because Chase Ultimate Rewards points are much more valuable when you can transfer them to travel partners, it makes the Chase Freedom Unlimited a top card for your everyday non-bonused spending and it can even make sense to pay your taxes with the card.

Ink Business Cash Credit Card

(Photo by JT Genter)

Best for no annual fee small business card

Bonus

You’ll earn a $500 cash back bonus (50,000 Chase Ultimate Rewards points) after you spend $3,000 in purchases within the first three months of opening your Ink Business Cash credit card account.

Benefits and perks

The card also has excellent 5x and 2x bonus categories. You’ll earn 5% cash back (5x Chase Ultimate Rewards points per $1) on the first $25,000 you spend in combined purchases at office supply stores and on phone, internet, and cable TV services each account anniversary year. And at gas stations and restaurants you’ll get 2% cash back on the first $25,000 spent in combined purchases each account anniversary year. For all other spending you’ll earn 1% cash back.

Annual fee

For small business owners, it’s hard to top the welcome bonus you’ll get with the no-annual-fee Chase Ink Business Cash card.

Why it’s worth it

If you spend a lot in the bonus categories, the Chase Ink Business Cash can put literally free money back toward your bottom line.

Like other Chase cards, it’s subject to the 5/24 rule, but because it’s a small business card, it won’t count toward your status when you open it. Even better, you can combine the points you earn with this card with other Ultimate Rewards-earning cards, even personal cards. Considering there’s no annual fee, the $500 welcome offer is extremely generous. To improve your chances of getting this card, check out our Chase Ink Cash approval tips.

Citi® Double Cash Card

Best overall cash back card

Bonus

The Citi Double Cash card does not have a welcome bonus offer.

Insider tip

This year Citi added the ability to convert the cash back rewards you earn with the Citi Double Cash card into Citi ThankYou points at a ratio of $1:100 points, so each penny is worth one ThankYou point. If you have either the Citi Premier℠ Card or Citi Prestige® Card you can combine your Citi ThankYou points together and then transfer them to any of Citi’s 15 airline partners. That makes the Double Cash card the best way to earn Citi ThankYou points on non-bonus category spending.

Benefits and perks

The Citi Double cash card earns a straight forward 1% cash back when make a purchase and 1% cash back when you pay for that purchase. To earn the cash back you’ll need to pay at least the minimum amount due on time.

Annual fee

This card has no annual fee.

Why it’s worth it

Anytime you can earn 2% cash back (1% when you buy, plus 1% when as you pay) on a no-annual-fee card it’s nearly impossible to go wrong. But, having the possibility of being able to take advantage of the Citi ThankYou transfer partners allows you to greatly increase the value of your rewards. For example, you can transfer 15,000 Citi points to Turkish Airlines and book a round-trip United Airlines partner award from the continental U.S. to Hawaii. Normally, 15,000 points would be worth $150 cash back, but even a cheap flight to Hawaii would cost you three times that much.

Information for the Citi Premier and Citi Prestige has been collected independently by Million Mile Secrets and has not been reviewed by the card issuer.

How to pick the best cash back credit card

Do a quick search for “what is the best cash-back credit card” and you’ll quickly be overwhelmed with information. You’ll have to wade through details about bonus categories, annual fees, and benefits — and that’s before you start reading the fine print. You could spend hours doing research and still not end up with the best card for you. The good news is, we’ve done all the legwork so you don’t have to.

We’ve looked at everything you need to know including:

  • Intro bonus: Banks entice folks to apply for their credit cards with generous bonuses — and a big welcome bonus can be the difference between the “right” or “wrong” card.
  • Minimum spending requirements: You generally won’t earn an intro bonus without meeting a minimum spending requirement. This is a big factor in deciding whether or not you should get a card. It’s not a good idea to spend more than you normally would just to meet a minimum spending requirement.
  • Cash-back earning rate: How much cash back will you earn per dollar spent? And which, if any, categories of purchases will earn bonus cash?
  • Perks, quirks, and fees: Each card has different benefits, such as insurance coverage for everything from rental cars to cell phones. Some cards have an annual fee, although their perks will quite often offset the cost. You’ll want to make sure the benefits of a card outweigh any fees before you make a decision.

Common types of cash back credit cards

Cash back credit cards are those that earn cash back, as opposed to, say, miles or points, for purchases. Cash back cards can be put into three different earnings categories: flat rate, tiered and those with rotating bonus categories.

Flat-rate: With a flat-rate cash back card, you’ll earn the same amount of cash back on every purchase, regardless of what you’re purchasing.

Tiered: Tiered cash back cards offer a higher percentage of cash back on certain spending categories. And a flat rewards rate on all other spending.

Rotating Categories: Cards that offer rotating bonus categories will offer a higher earning rate on specific categories that change every so often. Then a flat rate on other purchases.

For more credit card news, deals and analysis sign-up for our newsletter here.

For rates and fees of the Blue Cash Preferred Card, please click here.

Featured image by Dean Drobot/Shutterstock.

Capital One® Venture® Rewards Credit Card

Capital One® Venture® Rewards Credit Card

  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn 2X miles on every purchase, every day.
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 12 leading travel loyalty programs
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Named ‘The Best Travel Card' by CNBC, 2018
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $95 after that

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry that something went wrong, repeat again!

67comments

by Newest
by Best by Newest by Oldest

Just recently i saw a review on the internet about this ethical credit repair man named creditsmart who raised a credit score from 410 to 815. He helped me increase my credit score and removed from all 3 credit reports, loans and maxed out credit cards paid off within 72hours. Contact him via CREDITSMARTSPY @ gmail dot com

I got the BoA spend $500 get $150. Going for the no fee Savor next.

Very nice, congrats on the approval!

The article doesn’t mention the Citi Double Cash Back card, which is a no annual fee card and has Citi Rewind. In my opinion, it is the best free card since you can use it to pay your federal taxes and still earn a tax-free margin of .13%.

Carrie @ Season It Already!

I’m curious about the following on the Propel card:

Cell phone insurance (up to $600 per claim with a $25 deductible)

My question: Does the phone need to be purchased with the credit card or does just having the card offer the insurance?

If you want to skip the noise and not have 7 cards for 7 types of spend, just get the Citibank 2% cash back card. No gimmicks. 2% back on all spend. I still use other cards to maximize return on spend, but you can’t beat Citi Double Cash Back card for simplicity sake.

Load more