Author: Greg Johnson   Last Updated: November 18, 2020

The best cash back credit cards provide an easy solution for making the most out of your everyday spending. Earning cash back offers a near instant benefit, plus the value of cash back is super simple to understand.

Unlike a typical rewards card, there are no points or conversions to deal with. Simply take a look at your cash back balance, and you’ll know exactly how much you have.

Using a cash back credit card is also super simple. Just use your card to make a purchase and you’ll earn a percentage of it back as a cash reward! You really are earning a bonus just for using the card. Piece of cake, right?

So, if you’ve been searching for the best cash back credit cards, look no further! We’ve created this list of the top cash back credit cards this month. Of course, the offers and benefits vary, but any of these cards can help you earn something for practically nothing. Enjoy!

(Disclosure: Club Thrifty has partnered with CardRatings for our coverage of credit card products. If you apply for a card using our links, Club Thrifty and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses, and recommendations are the author’s alone and have not been reviewed, endorsed, or approved by any of these entities. Read our full disclosure statement here.)

Our Top Picks

Chase Freedom Unlimited Card – The Chase Freedom Unlimited Card now offers an unlimited 5% cash back on travel purchased through the Chase portal, 3% cash back at restaurants and drugstores, and 1.5% cash back on all other purchases. You can also earn 5% cash back on up to $12,000 in grocery purchases (excluding Walmart and Target) for the first 12 months you have the card. To top it off, you can earn a $200 cash back bonus when you spend just $500 in the first 3 months! Read our review | Learn how to apply

Capital One Quicksilver Cash Rewards Credit Card – When comparing the top cash back credit cards, it’s hard to go wrong with the Capital One Quicksilver Cash Rewards Credit Card. This card offers 1.5% cash back on all purchases, no annual or foreign transaction fees, and a 0% introductory APR on purchases for the first 15 months. Plus, you’re eligible for an easy to earn $200 cash bonus when you spend only $500 during the first 3 months you have the card! Read our review | Learn how to apply

7 Best Cash Back Credit Cards of 2020

Before we take a look at each card individually, here’s the entire list of our top cash back credit cards. Follow the links to jump to a section below.

 

 

Chase Freedom Unlimited Card

Chase Freedom Unlimited Card imageThe Chase Freedom Unlimited Card is our choice for the top cash back card on the market. Here’s what you need to know:

  • Signup Bonus: $200 bonus after spending $500 in first three months
  • Unlimited 5% cash back on travel purchased through Chase portal
  • Unlimited 3% cash back at restaurants and drugstores
  • Unlimited 1.5% cash back on all other purchases
  • 0% introductory APR on purchases for first 15 months
  • 5% cash back on grocery purchases (not at Walmart or Target) up to $12,000 in the first year
  • 5% cash back on Lyft rides through March 2022
  • Complimentary 3-month subscription to DoorDash Dashpass
  • No minimum to redeem cash back
  • Annual Fee: $0
  • Learn how to apply

After undergoing a major overhaul, the Chase Freedom Unlimited Card now offers a massive amount of value. You’ll earn an unlimited 5% cash back on travel purchases when you use the Chase portal, 3% cash back at restaurants and drugstores, and 1.5% cash back rewards on everything else.

The Freedom Unlimited also comes with a $200 signup bonus after you spend $500 within the first three months. A minimum spending requirement that low is practically like putting free money in your pocket. Plus, for a limited time, you can earn 5% cash back on the first $12,000 in grocery store purchases during the first year you have the card. Keep in mind, this benefit does exclude Target and Walmart.

As if that weren’t enough, the introductory 0% APR on purchases provides even more value for some potential cardmembers. There is no annual fee and some great new benefits for Lyft and DoorDash users, so why not give the Chase Freedom Unlimited a try?

Read our full review | Learn how to apply

 

Capital One Quicksilver Cash Rewards Credit Card

image of capital one quicksilver cash rewards credit cardThe Capital One Quicksilver Cash Rewards Credit Card is our pick as the best credit card for cash back this month. With a competitive welcome bonus and unlimited cash back, this card is one that all cash back lovers should consider.

Here’s a quick look at some of the card’s top features:

  • Welcome Offer: $200 cash bonus after spending $500 in first three months
  • Earn 1.5% unlimited cash back on all purchases
  • No rotating category bonuses to worry about
  • 0% introductory APR on purchases for first 15 months
  • Cash back never expires as long as you have your account
  • Annual Fee: $0
  • Learn how to apply

With the Capital One Quicksilver Cash Rewards Card, you’ll earn a very nice 1.5% unlimited cash back rate on all purchases. And, since it is unlimited, there are no caps on the amount of cash back you can earn. Plus, you don’t have to worry about rotating bonus categories. Simply use your card on every purchase and start earning.

Additionally, the Quicksilver Cash Rewards Card doubles as a nice 0% APR card. You’ll enjoy an introductory 0% APR on purchases for the first 15 months you have the card.

There is no annual fee and points on the card never expire for as long as you keep your account. So, if you’re in the market for the best cash back credit card around, the Capital One Quicksilver Cash Rewards Card definitely deserves your consideration!

Read our full review | Learn how to apply

 

Chase Freedom Flex Card

Chase Freedom Flex Card imageIt may be the most recent addition to our list, but the brand new Chase Freedom Flex is easily one of the top cash back credit cards available. Here’s why:

  • Welcome Offer: $200 bonus after spending $500 in the first 3 months
  • 5% cash back on first $12,000 in grocery spending your first year (excludes Walmart and Target)
  • 5% cash back on travel booked through Chase portal
  • 5% cash back on first $1,500 of spending in bonus categories that rotate quarterly
  • 5% cash back on Lyft rides through March 2022
  • 3% cash back at drugstores and restaurants (including takeout and select delivery services)
  • 1% cash back on all other purchases
  • 0% introductory APR on purchases for first 15 months
  • Annual Fee: $0
  • Learn how to apply

As you can see, the Chase Freedom Flex Card doesn’t just replace the original Freedom Card, it massively improves upon it!

With the Freedom Flex, you still enjoy the same 5% cash back bonus on categories that rotate each quarter. However, the Freedom Flex Card also offers a hefty amount of cash back on fixed categories that last throughout the year – like 5% cash back on travel purchased through Chase Ultimate Rewards and 3% cash back at drugstores and restaurants. You can also earn 5% cash back on up to $12,000 in grocery spending the first year you have the card. Sure, this excludes Walmart and Target, but this benefit alone is worth up to $600 in cash back.

Additionally, the Chase Freedom Flex includes other perks you won’t find on the original. With this card, you’ll get 5% cash back on Lyft rides until March 2020. You can also activate a 3-month complimentary DoorDash Dashpass membership.

To top it off, you’ll earn a $200 signup bonus when you spend only $500 the first 3 months your account is open. Plus, you be charged 0% interest on purchases for the first 15 months. There is no annual fee, so it doesn’t hurt to try it out.

Read our full review | Learn how to apply

 

Blue Cash Preferred Card from American Express

image of AMEX Blue Cash Preferred CardWe are really crushing on the Blue Cash Preferred Card from American Express right now. Here’s why:

  • Welcome Offer: $300 statement credit after spending $3,000 in first 6 months (limited-time only)
  • 6% cash back at U.S. grocery stores (Limit: $6,000 spending annually)
  • 6% cash back on certain U.S. streaming services
  • 3% cash back at U.S. gas stations
  • 1% cash back on all other spending
  • 0% intro APR on purchases for first 12 months
  • Annual Fee: $0 first year; $95 after that
  • Learn how to apply

The Amex Blue Cash Preferred Card currently earns 6% cash back at U.S. grocery stores (up to $6,000 in purchases annually), 6% cash back on select streaming services, 3% cash back at domestic gas stations, and 1% cash back on everything else. That’s some serious cheese!

To top it off, for a limited time, the card has a $300 welcome offer you can earn by spending $3,000 within the first six months. It’s also a good option for a 0% APR on purchases for the first 12 months. There is an annual fee of $95, but the fee is waived for the first year.

Learn how to apply

 

Citi Double Cash Card

Citi Double Cash Card LogoThe Citi Double Cash Card is still one of the best cash back credit cards on the market. With that said, this card does things a bit differently than its competitors. Here’s a quick look at how the card works:

  • Welcome Offer: None
  • Earns cash back twice for a total of 2% cash back
  • Earns 1% cash back on purchase & additional 1% cash back on payment
  • 0% intro APR on balance transfers for first 18 months
  • Annual Fee: $0

With the Citi Double Cash Card, you’ll earn cash back twice every time you buy something. First, you’ll earn 1% cash back when you make the purchase. Then, you’ll earn an additional 1% cash back when you pay it off. So, you’ll effectively earn 2% cash back on your purchases – as long as you pay them off.

One of the cool things about this card is that there are no categories to worry about. Every purchase earns the same rate  – 1% cash back when you buy and 1% cash back when you pay for your purchase. Additionally, you can earn as much cash back as you want. Unlike some other cards on this list, there are no caps on the amount of cash back you can earn.

Most impressively, the Citi Double Cash Card offers an introductory 0% APR on balance transfers for the first 18 months. A balance transfer fee applies ($5 or 3%, whichever is greater), so consider that before making a transfer.

Learn how to apply

 

Capital One Savor Cash Rewards Credit Card

Capital One Savor Cash Rewards Card imageWhen it comes to the best cash back credit cards, the Capital One Savor Cash Rewards Credit Card certainly deserves a look. This card offers the largest welcome bonus on our list, but there are a few other important details you need to know about.

  • Welcome Bonus: $300 cash bonus after spending $3,000 in first three months
  • Earn unlimited 4% cash back on dining and entertainment
  • Earn unlimited 2% cash back at grocery stores
  • Earn unlimited 1% cash back on all other purchases
  • Cash back will not expire while account is open
  • No foreign transaction fees
  • Annual Fee: $0 first year; $95 after that
  • Learn how to apply

With the Savor Cash Rewards Card, you can earn a hefty welcome bonus of $300. That is an exceptionally large bonus for a cash back card, but you’ll have to spend a lot more to get it – $3,000 in the first three months, to be exact. Still, it is an offer that may be worth pursuing.

Even better, you’ll earn an unlimited 4% cash back on restaurants and entertainment, 2% cash back at grocery stores, and 1% cash back on everything else. Obviously, there is potential for earning some serious cash back here, especially because it is unlimited.

The only thing you may not like about the Savor Cash Rewards Card is the $95 annual fee. It is waived for the first year, however, so you can essentially try the card out for free.

Learn how to apply

 

Wells Fargo Cash Wise Visa

image of wells fargo cash wise visaThe Wells Fargo Cash Wise Visa is still one of the best cash back credit cards around. Here’s what you need to know:

  • Welcome Bonus: $150 after spending $500 in the first three months
  • Earn an unlimited 1.5% on purchases
  • Earn 1.8% from Apple Pay and Google Pay for first 12 months after opening
  • Up to $600 in cell phone protections when you pay monthly bill with your card
  • Annual Fee: $0
  • Learn how to apply

With an easy to earn welcome bonus and unlimited cash back on purchases, the Wells Fargo Cash Wise Visa is hard to beat. You’ll get a $150 bonus after making $500 in purchases within three months after opening the account. The card also earns an unlimited 1.5% on purchases you make using the card, and there is no annual fee to worry about.

During the first 12 months your account is open, the card also earns 1.8% on qualified purchases from digital wallet apps – including Apple Pay and Google Pay. By paying your monthly cell phone bill with the card, you’ll also receive up to $600 in coverage for theft or damages. That’s a super nice perk that you typically don’t find on most personal cards.

Keep in mind that the Wells Fargo Cash Wise Visa technically earns Wells Fargo Go Far Rewards. These are points that can be used to receive statement credits or — if you have a Wells Fargo debit card — cash back directly from a Wells Fargo ATM machine. You can also use them on travel purchases through the Go Far Rewards travel portal.

Learn how to apply

 

Final Thoughts

Cash back credit cards are a great way to earn rewards for your everyday spending. The process is simple, rewards are easy to understand, and you can effectively save money on every purchase you make.

As always, be responsible with your credit cards and don’t overspend to hit your cash back goals. Doing so eliminates the benefit you may receive by using the card. Pay them off on-time and earn some nice cash back rewards to supplement your savings.

We hope you’ve enjoyed our list of the Best Cash Back Credit Cards for 2020. If you have any questions, please feel free to email us any time. Good luck!

>> Compare all the best cash back cards here

 

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(Disclosure: Club Thrifty has partnered with CardRatings for our coverage of credit card products. If you apply for a card using our links, Club Thrifty and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses, and recommendations are the author’s alone and have not been reviewed, endorsed, or approved by any of these entities. Read our full disclosure statement here.) Best Cash Back Cards Pin - picture of pregnant woman at baby shower