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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! :)

We’ve Ranked the 7 Best Cashback Credit Cards (5 Have NO Annual Fees!)

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We’ve Ranked the 7 Best Cashback Credit Cards (5 Have NO Annual Fees!)

Jason StaufferWe’ve Ranked the 7 Best Cashback Credit Cards (5 Have NO Annual Fees!)Million Mile Secrets Team

Signing up for credit cards through partner links earns us a commission. Here’s our full Advertising Policy.

INSIDER SECRET: Some folks prefer straightforward cash back rewards, as opposed to earning miles & points. You can use cash back for anything you wish, including travel – and most cards on our list have NO annual fee!

When it comes to credit card rewards, it doesn’t get any simpler than earning cash back. With a cash back card, you’re getting a discount 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.

For example, you can get a credit card that earns bonus rewards on supermarket or restaurant purchases. And there are even cashback rewards cards for folks with less than excellent credit. So there’s no reason you can’t find the best cashback credit card for your particular situation!

Earn quick and easy rewards on your everyday purchases with the best cashback credit cards!

Here are our top picks for the best cashback credit cards!

Looking for the Best Cash Back Credit Card?

If you’re in the market for anything from a big cash bonus to 6% cash back on your groceries, there’s a card for you! But with so many options, it can be hard to make a choice. So we’ve distilled the best credit cards for cash back down to a handful of easy to understand categories.

Here Are the Best Cashback Credit Cards

How We Chose the Best Credit Cards for Cashback

Do a quick search for “what is the best cash back credit card” and you’ll quickly be overwhelmed with all sorts of 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 your research and still not end up with the best cash rewards credit card for you. The good news is, we’ve done all the legwork so you don’t have to!

We’ll help you boil down your options down to basic categories so you can make a quick and easy decision, because the best cash back credit card for someone else might not be the right card for you.

We’ll cover everything you need to know including:

  • Intro bonus: Banks entice folks like you and me 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. So if you can’t comfortably meet a card’s minimum spending, then hold off on applying until you can.
  • Cash back earning rate: How much cash back will you earn per $1 spent? And which, if any, categories of purchases will earn bonus cash?
  • Perks, quirks, and fees: Each card has different benefits, like insurance coverage for everything from rental cars to cell phones. And some cards have an annual fee. However, the card’s perks will quite often offset the fee making it worth paying. But you’ll want to make sure the benefits of a card outweigh any fees before you make a decision.
We’ve highlighted the best cash back cards. So the right one for you will be easy to find!

If you’re just starting out with rewards credit cards, you’ll want to know your credit score before applying. You can check it for free at a number of different sites, including myBankrate. To have the highest odds of approval for most of the best cash back credit cards, you’ll need a credit score of 700+. But even if you have less than perfect credit, you’ve still got options.

Banks look at more than just your credit score when reviewing your application. And having a pristine credit report does NOT guarantee an approval.

You’ll also want to read our post about the 11 credit card myths that could be holding you back. For example, it’s a common myth that applying for credit cards will hurt your credit score. While it is true that applying for a credit card will result in a hard inquiry, which will temporarily lower your credit score by a small amount, over the long haul it’s easy to maintain an excellent credit score and have lots of rewards credit cards!

Many of us on the Million Mile Secrets team have 12+ credit cards while maintaining credit scores over 800!

Of course, if you don’t pay your balance off in full and on time every month your credit score can take a hit. And you’ll end up paying hefty interest and fees. So if you’re not in a position to pay off all your credit card balances each and every month, then you’ll want to wait to apply until you are. No credit card rewards are worth sacrificing your credit score or finances!

Best Cashback Credit Card for a Huge Bonus ($300) With Waived Annual Fee (for the first year): Capital One® Savor® Cash Rewards Credit Card

Apply Here: Capital One® Savor® Cash Rewards Credit Card

Read our review of the Capital One Savor Card

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

And 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
  • 1% cash back on all other purchases

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

4% cash back on dinner is just one more reason to celebrate when you’re out with friends.

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

Best Cashback Credit Card for Streaming Services and Groceries: Blue Cash Preferred® Card from American Express

The Amex Blue Cash Preferred card is an excellent card for earning cashback in popular everyday spending categories.

With this card, you can earn a $250 statement credit after spending $1,000 on purchases in the first three months of account opening. And the card has some rock solid bonus categories:

  • 6% cash back at US supermarkets (up to $6,000 in purchases per calendar year, then 1% cash back)
  • 6% cash back on select US streaming services
  • 3% cash back at US gas stations and on transit
  • 1% cash back on everything else
  • Terms Apply

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

The Blue Cash Preferred earns 6% cashback with popular US streaming services, like Netflix.

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

The 6% cashback on US 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 3rd-party or as part of a packaged deal, you might not earn the bonus cashback. Also, certain superstores, like Target or BJs, won’t qualify for the US supermarket 6% back bonus on up to $6,000 in purchases per calendar year; then 1%.

Best Cashback Credit Card for 5% Bonus Categories:  Chase Freedom

Apply Here: Chase Freedom

Read our review of the Chase Freedom

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

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 combined across all bonus categories. And 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. And the category bonus made it a profitable move, even with the extra fees for making the payment with a card!

The Chase Freedom card’s bonus categories can quickly put cash back where it belongs – in your pocket!

The Chase Ultimate Rewards points you earn with the Chase Freedom card are worth 1 cent each toward cash back or travel. But your Chase points have more value if you have cards like the Chase Sapphire Preferred Card, Chase Sapphire Reserve, or Ink Business Preferred Credit Card.

When you have one of these cards, you can combine your points and transfer them to lots of great airline and hotel partners, like Hyatt and Southwest!

For example, you could redeem 30,000 Chase Ultimate Rewards points for $300 cash back (30,000 Chase Ultimate Rewards points X 1 cent each).

Or, you could transfer those points to Hyatt and book a $900 hotel room. And those same points could get you to Hawaii and back on 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. And then get other cards later on.

Best Cashback Credit Card for Everyday Spending: Chase Freedom Unlimited®

Apply Here: Chase Freedom Unlimited

Read our review of the Chase Freedom Unlimited

With the Chase Freedom Unlimited card, you can earn 3% cash back (3X Chase Ultimate Rewards points per $1) on all purchases for the first year, up to $20,000 spent.

That’s an excellent return for a card with NO annual fee! After the promotional rate expires, 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!

There’s no guessing what you’ll earn with the Chase Freedom Unlimited, because it earns fixed rewards on every purchase.

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

This card has been on my list for a long time. It’s best for folks who like fixed rewards, because there are no bonus categories you’ll have to remember.

Best Cashback Credit Card for Gas and Groceries: Blue Cash Everyday® Card from American Express

If you’re looking to take the sting out rising fuel prices and expensive grocery bills, the Amex Blue Cash Everyday card should be in your wallet.

With this card, you can earn a $150 statement credit after spending $1,000 on purchases in the first three months of account opening. And the card has some exceptional bonus categories:

  • 3% cash back at US supermarkets (up to $6,000 in purchases per calendar year, then 1% cash back)
  • 2% cash back at US gas stations and select US department stores
  • 1% cash back on everything else
  • Terms Apply
Earning 3% cash back on up to $6,000 of annual purchases (then 1%) at US supermarkets can add up to big savings!

The Amex Blue Cash Everyday also has no annual fee.

Amex doesn’t count superstores or warehouse clubs as supermarkets. So purchases made at Walmart, Target, Amazon, or Costco do NOT qualify for 3% cash back. And generally, fuel purchases from gas stations that are part of supermarkets or warehouse clubs will NOT qualify for the 2% cash back bonus at US gas stations.

So be sure to review the terms before you make any big bonus-category purchases.

The card also comes with other perks like:

  • Free ShopRunner Membership – Free 2-day shipping from 100s of online stores worth $79 per year
  • Rental car loss and damage insurance – This insurance will cover authorized drivers for damage due to theft or collision of most rental cars. The coverage applies when you pay for the entire rental with your eligible card. This benefit is secondary to other insurance.
  • Extended warranty – You can get up to an additional two years on the original manufacturer’s warranty, depending on the length of the original warranty
  • Return protection – If a qualifying US purchase cannot be returned to the original merchant, you can be reimbursed up to $300 per item ($1,000 per calendar year). The coverage is limited to purchases made in the past 90 days

Best Cashback Credit Card for Travel Purchases and No Annual Fee ($300 Bonus): Wells Fargo Propel American Express® Card

Apply Here: Wells Fargo Propel American Express® Card

Read our review of the Wells Fargo Propel American Express


The Wells Fargo Propel American Express Card comes with 30,000 bonus points (worth $300 in cash back, travel, gift cards or other rewards) after spending $3,000 in purchases within the first three months of card opening.

You’ll also get:

  • 3 points per $1 spent on travel purchases (flights, hotels, homestays, and car rentals)
  • 3 points per $1 spent on eating out and ordering in
  • 3 points per $1 spent on gas stations, rideshares, and transit
  • 3 points per $1 spent on eligible streaming services
  • 1 point per $1 for all other purchases
  • Cell phone insurance (up to $600 per claim with a $25 deductible)
  • NO foreign transaction fees
  • NO annual fee

Your points are worth 1 cent a piece 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!

Best Cashback Credit Card for Small Businesses With No Annual Fee: Ink Business Cash℠ Credit Card

Apply Here: Ink Business Cash Credit Card

Read our review of the Ink Business Cash Credit Card

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. You’ll earn a $500 cash back bonus (50,000 Chase Ultimate Rewards points) after spending $3,000 in purchases within the first three months of opening your account!

Plus, the card 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 spent in combined purchases at office supply stores and on phone, internet, and cable TV services each account anniversary year
  • 2% cash 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
  • 1% cash back (1x Chase Ultimate Rewards point per $1) on all other purchases
I'm holding my vaunted Ink Cash Business Credit Card along with my plate of veal marsala at a business dinner
Our managing editor Scott has the Chase Ink Business Cash and loves the bonus earning – all without an annual fee.

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 wont 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.

And considering there’s no annual fee, the $500 welcome offer is extremely generous.

Bottom Line

The best credit cards for cash back are:

Do you have a favorite cash back card that didn’t make the list? Let us know in the comments!

For the latest tips and tricks on traveling big without spending a fortune, please subscribe to the Million Mile Secrets daily email newsletter.

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

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

Capital One® Savor® Cash Rewards Credit Card

Capital One® Savor® Cash Rewards Credit Card

  • Earn a one-time $300 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
  • Receive a monthly statement credit for a Postmates Unlimited monthly membership through Dec. 2019 with the Capital One Savor Card
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more
  • $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! :)

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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.

Two chances to get the Wells Fargo card. Slim and none.

Chase Ink unlimited is pretty much the same as freedom unlimited just with a much better $500 welcome bonus.

No annual fee Discover it® Cash which get’s 5% back in quarterly rotating categories plus 1 st year Cashback Match = 10%.

The Barclays 70k offer which earns unlimited 2X with $89 annual fee waived is another option for huge bonus though much better value to redeem as travel refund (1¢) than cash back (0.5¢).

Additionally, if one spends big at a specific stores, there’s better cash back options – for example both Chase or Amex Biz Amazon cards get 5% for prime members.

Another nice thing about the Chase Ink Unlimited is that it generally won’t pop up as an account on your personal credit report.

Why wouldn’t you list the Citibank Doublecash? It gets 2% back on everything and no annual fee?

Probably the same reason they don’t list cards like Fidelity Rewards card that pay 2% of actual cash back: the commission rates aren’t as good.