top rated cash back credit cards
Top-rated cash back credit cards are popular financial tools that offer cardholders a percentage of their purchases back as cash rewards. These cards typically provide varying cash back rates based on spending categories, such as groceries, dining, or travel, and may include sign-up bonuses and promotional offers.
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The best cash back credit cards often feature competitive earning rates, such as 1-5% cash back on specific categories or flat-rate cash back on all purchases. Some cards rotate categories quarterly, allowing cardholders to maximize rewards in different areas throughout the year. Additionally, top-rated cards may come with no annual fee or offer fee waivers for the first year, making them more accessible to a broader range of consumers. Many of these cards also provide extra benefits like purchase protection, extended warranties, and travel insurance, adding further value. To select the right cash back card, consumers should consider their spending habits, potential annual fees, and the ease of redeeming rewards, ensuring they choose a card that aligns with their financial goals and lifestyle.
ChaseView AllChase - Global financial services leader.
American ExpressView AllAmerican Express - Premier financial services brand known for credit cards.
CitiView AllCiti - Global financial services and banking corporation.
DiscoverView AllDiscover - Innovative financial services with cashback rewards.
Bank of AmericaView AllBank of America - Major American multinational banking and financial services corporation.
Wells FargoView AllWells Fargo - Large, diversified financial services company.
Capital OneView AllCapital One - Capital One: Financial services, credit cards, banking, innovation-focused.
U.S. BankView AllU.S. Bank - Reliable financial services with a customer-centric approach.
Blue Cash PreferredView AllBlue Cash Preferred - High-reward cash back American Express credit card.
Fidelity RewardsView AllFidelity Rewards - Fidelity Rewards: Earn cash back for financial goals.
top rated cash back credit cards
1.
Chase
Chase is a prominent financial services brand under JPMorgan Chase & Co., one of the largest banks in the United States. Known for its comprehensive range of offerings, Chase provides personal and business banking, credit cards, loans, mortgages, and investment services. The brand is recognized for its extensive network of branches and ATMs, user-friendly digital banking solutions, and strong customer service. With a commitment to innovation and community support, Chase aims to help customers achieve their financial goals securely and efficiently.
Pros
Wide range of credit cards- Robust online banking
- Extensive ATM network
- Strong customer service
- Competitive rewards programs
Cons
High fees on some accounts- Interest rates can be high
- Complex fee structure
- Limited branch locations in rural areas
- Stringent credit requirements
2.
American Express
American Express, often known as Amex, is a globally renowned financial services corporation founded in 1850. It is best known for its credit card, charge card, and travel services. Amex is distinguished by its premium customer service, extensive rewards programs, and a focus on affluent and business customers. The brand emphasizes security, reliability, and convenience, building a reputation for luxury and exclusivity in the financial industry.
Pros
- Widely accepted
- Excellent customer service
- Membership rewards
- High credit limits
- Travel benefits
Cons
- High annual fees
- Not universally accepted
- Stringent approval process
- High-interest rates
- Limited to premium users
3.
Citi
Citi, also known as Citibank, is a major global financial services company and a subsidiary of Citigroup. Founded in 1812, Citi offers a wide range of financial products and services, including banking, credit cards, wealth management, and investment banking. With a presence in over 160 countries, Citi is renowned for its commitment to innovation, customer service, and corporate responsibility. The brand is synonymous with reliability, global reach, and a strong focus on digital banking solutions.
Pros
- global presence
- extensive services
- robust online banking
- strong brand reputation
- innovative financial products
Cons
- high fees
- complex terms
- occasional customer service issues
- limited branch access
- stringent eligibility criteria
4.
Discover
Discover is a leading financial services company known for its credit card offerings, banking products, and payment services. Established in 1985, Discover aims to provide exceptional customer service and innovative financial solutions. The company offers a range of credit cards with rewards programs, online banking, personal loans, and student loans. Discover also operates the Discover Global Network, one of the largest card networks in the world, facilitating secure and seamless transactions globally.
Pros
- Wide acceptance
- Cashback rewards
- No annual fee
- Strong fraud protection
- Excellent customer service.
Cons
- Higher international fees
- Limited international acceptance
- Interest rates can be high
- Rewards categories can be restrictive
- Limited sign-up bonuses.
5.
Bank of America
Bank of America is a leading multinational financial institution headquartered in Charlotte, North Carolina. It offers a broad range of banking, investing, asset management, and other financial and risk management services to individuals, small businesses, and corporations. Known for its extensive network of branches and ATMs, digital banking innovations, and commitment to customer service, Bank of America serves millions of clients worldwide. It emphasizes sustainable finance and community development initiatives, aiming to drive economic growth and social progress.
Pros
- Wide range of services
- extensive branch network
- robust online banking
- strong customer support
- competitive credit card rewards.
Cons
- High fees for some accounts
- occasional customer service issues
- strict overdraft policies
- limited interest rates on savings
- complex fee structures.
6.
Wells Fargo
Wells Fargo & Company is a diversified, community-based financial services company founded in 1852. Headquartered in San Francisco, it operates globally, offering banking, investment, mortgage, and consumer and commercial finance services. Renowned for its iconic stagecoach logo, Wells Fargo serves millions of customers through a vast network of branches and ATMs, as well as digital banking platforms. The company emphasizes customer service, innovation, and community support, although it has faced regulatory and reputational challenges in recent years.
Pros
- extensive branch network
- diverse financial products
- strong customer service
- online banking options
- long-standing reputation
Cons
- past scandals
- high fees
- occasional service issues
- slow innovation
- complex account terms
7.
Capital One
Capital One is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, it specializes in credit cards, auto loans, banking, and savings accounts. Known for its data-driven approach, innovative products, and strong customer service, Capital One has become one of the largest banks in the United States. The company's slogan, "What's in your wallet?" underscores its focus on personalized financial solutions and consumer empowerment. Capital One is also recognized for its commitment to technology and digital banking.
Pros
- Competitive interest rates
- No annual fees on many cards
- User-friendly mobile app
- Strong fraud protection
- Wide range of card options
Cons
- High APR on some cards
- Limited branch locations
- Strict approval criteria
- Customer service can be inconsistent
- Rewards redemption can be complex
8.
U.S. Bank
U.S. Bank, officially known as U.S. Bancorp, is a leading American financial institution headquartered in Minneapolis, Minnesota. With a rich history dating back to 1863, it offers a comprehensive range of banking products and services, including personal and business banking, wealth management, and investment services. Known for its customer-centric approach and innovative solutions, U.S. Bank is committed to helping individuals, businesses, and communities achieve their financial goals while maintaining strong ethical standards and community involvement.
Pros
- wide range of services
- extensive ATM network
- robust online banking
- strong security measures
- good customer service
Cons
- high fees
- limited branch locations
- slow loan approval process
- occasional technical issues
- strict account requirements
9.
Blue Cash Preferred
The Blue Cash Preferred® Card from American Express is a highly regarded cash back credit card offering substantial rewards on everyday purchases. Cardholders earn an impressive 6% cash back at U.S. supermarkets (up to $6,000 per year), 6% on select U.S. streaming services, 3% at U.S. gas stations and on transit, and 1% on other purchases. It also includes a welcome offer and various benefits like purchase protection and extended warranty. Terms apply.
Pros
- High cashback rates
- No foreign transaction fees
- Generous welcome bonus
- Rewards on groceries
- Rewards on streaming services
Cons
- Annual fee
- Limited travel benefits
- Cashback categories capped
- Requires good credit
- Cashback redemption limitations
10.
Fidelity Rewards
Fidelity Rewards is a financial brand offering a suite of credit card products designed to maximize rewards and benefits for their customers. Known for their cash-back credit cards, Fidelity Rewards integrates seamlessly with Fidelity investment accounts, allowing users to earn and deposit rewards directly into their investment portfolios. This unique approach helps customers grow their savings and investments effortlessly while enjoying the convenience and security of a trusted financial institution.
Pros
- High cashback rates
- No annual fee
- Wide acceptance
- Easy redemption process
- Strong customer support.
Cons
- Limited bonus categories
- Foreign transaction fees
- Requires good credit
- High APR
- No intro APR offer.