What is the best cash back credit card?

Written by
Jennifer Doss
Terms apply; see the online credit card application for full terms and conditions of offers and rewards.

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With so many enticing cash back credit card offers on the market, how do you decide which is the best? In short, the best cash back credit card is the credit card that complements your spending habits and lifestyle. The card you deem best may not actually be all the great for someone who spends their money quite differently than you, and vice versa. When choosing a cash back credit card, consider the following:

  • Are most of your expenses in one category, or do you regularly make purchases in various categories? Some cash back credit cards offer higher rewards in specific categories like gas or online purchases, for example, while others offer perhaps a lower but still valuable rewards rate, but in multiple categories such as gas AND online purchases, plus maybe some additional categories like groceries and dining.
  • Are you okay with keeping up with rotating bonus rewards categories, or do you prefer to earn a flat rate on all of your purchases? If your spending habits are all over the place you can really benefit from a card that offers bonus rewards in various categories; however, sometimes these cards feature rotating bonus categories so you must also consider if you’re up for the task of tracking what those categories are each quarter. Doing so can really help you maximize your rewards earning, but if you just want to spend and earn without thinking about it, a card offering a flat-rate rewards structure may be a better fit.
  • Are you willing to pay an annual fee? There are a number of great no-annual-fee cash back credit cards, but don’t rule out a card just because it has an annual fee. If you’re using that card frequently enough, there’s a good chance you will easily earn enough rewards to offset the cost of the card. If you don’t think you’ll use your card very often though, annual-fee cards might not be worth it.

Cash back credit cards to consider in 2024

Once you’ve figured out the best type of cash back credit card for you, consider the rewards that each card offers and how the rewards structure fits into your lifestyle. Here’s a summary of rewards for the top cash back credit cards:

Rewards Rate*

Welcome Bonus Offer*

Earn 2% on every purchase with unlimited 1% cash back when you buy, and an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24. Citi is a CardRatings advertiser.

Earn $200 cash back after you spend $1,500 on purchases in the first six months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back. Additionally, you can take advantage of 18 months 0% intro APR on balance transfers; then RegAPR

Enjoy 6.5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, enjoy 5% cash back on Chase travel; 3% cash back on drugstore purchases and dining; and unlimited 1.5% cash back on all other purchases.

Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) – worth up to $300 cash back!

5% back in rotating categories, up to a quarterly maximum of $1,500 when you activate

Unlimited cash back match on rewards earned in first year for new cardholders

3% back in choice category

$200 in online cash rewards



6% back at U.S. supermarkets (up to $6,000 annually). American Express is a CardRatings advertiser.

$250 statement credit; terms apply



Unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart and Target); unlimited 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply); 8% cash back on Capital One Entertainment purchases; and 1% cash back on all other purchases.

$200 cash back

1.5%  back on all purchases

$200 cash back

5% back at office supply stores

$350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening.

1.5%  back on all purchases


2% back on the first $1,000 spent each quarter at gas stations and restaurants (then, 1%)

Unlimited cash back match on rewards earned in first year for new cardholders

*Terms may apply. Click a card’s name to see the full details on rewards and bonus offers. 

You can also see our best cash back credit card list for our top picks for each card type, pros and cons of each card, cardholder scores, and more.

Compare Top Cash Back Credit Cards

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    What credit card earns the most cash back?

    For flat-rate cards, 2% is the best rate currently available for purchases, and you can earn that amount on cards such as the CardName discontinued.

    There’s also a lot of earning potential with tiered-rate and rotating category cash back cards, especially when you factor in bonus offers.

    For instance, CardName offers a $250 statement credit after you spend $3,000 in purchases on your new card within the first six months. Meanwhile, the CardName card will match the cash back earned by new cardholders during their first year. Since the card earns 5% cash back on certain rotating categories each quarter (up to $1,500 spent in that category; activation required) that means you could essentially earn 10% cash back with this card during the first year.

    If you aren’t eligible for the new cardholder welcome bonuses, you can also get impressive rewards in certain categories such as 6% cash back on up to $6,000 worth of U.S. supermarket purchases annually and on select streaming services with CardName. Plus, many rotating category cards offer 5% cash back on their quarterly categories.

    Remember though, just because a card offers the most cash back, doesn’t necessarily mean it’s the best cash back credit card. It’s important to choose a credit card that naturally complements your spending. The right credit card for you will earn you rewards with little to no work on your end. If you’re having to adjust the way you spend in order to earn rewards, you’re likely not using the best card.

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    Jennifer Doss
    CardRatings Executive Editor

    Jennifer Doss is a credit card analyst and the executive editor of CardRatings.com. She has worked as both a print and online journalist and has over a decade of experience in the media industry. Her published work has covered a broad range of topics, from...Read more

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    The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.

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