Best Cashback Credit Cards of 2023

Top 5 Cashback Credit Cards of 2023

Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

We’re on the wrong side of the holidays and for many, that means holiday credit card bills are coming due and the fun is over. But it doesn’t have to be.

We’ve curated a list of the top five cash-back credit cards to help consumers balance their books after the holidays and enjoy a few perks. Whether you want rewards on your everyday purchases like gas or groceries or you’re looking for an incentive to treat yourself to dinner and a movie, we’ve got you covered.

Keep reading for the best cash-back cards so you can put a few bills back in your wallet this winter.

1. Capital One® Savor One Cash Rewards Credit Card

Rewards:

Rewards:

Unlimited 3% cash back on entertainment, dining, grocery, streaming services, and 1% cash back on all other purchases. Plus, earn an early spend bonus of $200 when you spend $500 within the first three months of opening your account.

Annual Fee:

Annual Fee:

$0

You get the highest percentage of cash back on the things you love like dining out, entertainment, and streaming your favorite shows, plus groceries (because everyone needs to eat!), which makes it a little easier to justify date night. But you also get 1% cash back on all other purchases, so you can rest easy knowing every time you spend money, you’re still earning cash.

Capital One offers a number of added benefits with their cards, including:

  • Access to 24-hour concierge service for dining, entertainment, and travel
  • Directing your rewards to Amazon.com and PayPal purchases
  • Exclusive prices and discounts with Capital One Shopping and Capital One Travel (including price match guarantee)
  • Travel Accident Insurance

2. Blue Cash Preferred® Card from American Express

Rewards:

Rewards:

Earn 6% cash back on groceries (on up to $6,000 per year in purchases at U.S. supermarkets then drops to 1%) and on select streaming services, 3% cash back on transit and gas, and 1% on everything else (all cash back to be used as a statement credit). Plus, earn an intro offer of $250 back in the form of a statement credit after you spend $3,000 in purchases within the first 6 months of opening your account. Terms and conditions apply.

Annual Fee:

Annual Fee:

$0 for the first year, then $95 annually after that

Who doesn’t love earning cash back on the essentials? With this card, you earn a whopping 6% cash-back reward on groceries at U.S supermarkets and on select streaming services, plus 3% on all transit (think taxis/Uber, train, parking, tolls, and more), which can easily add up if you live in a city. You also earn 1% on everything else you buy and although the card’s cash back can only be redeemed as a statement credit, it can help you focus on paying off your credit card bill each month.

We like that this card mirrors the rewards for Additional Card Members, so that if you share your credit card with a partner or family member, you’re earning even more cash back (to be used as a statement credit). You also get access to American Express Experiences, including ticket pre-sales and card member-only events near you.

3. Citi Custom Cash℠ Card

Rewards:

Rewards:

Earn 5% cash back on your highest eligible spend category each billing cycle for up to $500 in purchases, and then 1% cash back after that on all other purchases, plus $200 cash back after you spend $1,500 in the first 6 months of opening the account.

Annual Fee:

Annual Fee:

$0

We like that this card rewards you for what you’re spending the most on and that it can change each billing cycle. You’re not locked into one category, like groceries or gas, to get your highest rewards, and instead the cash back adapts to what you’re focusing on each month. Plus, you still earn a great flat rate of 1% on all other purchases, so you’re constantly being rewarded. And the one-time $200 cash-back offer is a nice touch, especially when you may have gone a little overboard on gifts this holiday season.

With this card you get access to Citi Entertainment for pre-sale tickets and exclusive experiences for music, sports, art and more. Plus, 24/7 customer support gives you peace of mind.

4. Capital One QuicksilverOne Cash Rewards Credit Card

Rewards:

Rewards:

Unlimited 1.5% cash back on all purchases.

Annual Fee:

Annual Fee:

$39

Simplicity. You don’t need to worry about categories or spend thresholds, you just get a flat rate back on all purchases. If you’re looking for one credit card to handle all of your purchases and get consistent cash back, this is a solid option. The annual fee, while not waived, is still low enough to be worthwhile for the cash back you get.

We like that you can choose to get your cash back in the form of a check, as gift cards, or as a statement credit, whenever you’re ready to cash in. Plus, you get more Capital One card benefits, including 24/7 customer support and exclusive prices and discounts with Capital One Travel (including price match guarantee).

5. U.S. Bank Cash+™ Visa Signature® Card

Rewards:

Rewards:

5% cash back on your first $2,000 of combined eligible purchases each quarter on two categories you choose, plus 2% cash back on one everyday category like gas, grocery or restaurants, and 1% cash back on all other categories. One-time $200 cash card after spending $1,000 on eligible purchases in the first 120 days after opening your account.

Annual Fee:

Annual Fee:

$0

If you want to truly customize your cash back, this is the card for you. You get to choose the two categories that you earn the highest cash back on, which gives you more control over your rewards. We also appreciate that you get 2% on an everyday essential category (again, you get to choose!) and a flat 1% rate on all other spending. We also love the one-time cash card offer for a little boost to your bank account post holidays. If you want to decide how you earn cash back, you’ll like this reward system.

You’ll also get an additional 4% (so 5% total) on prepaid air, car, and hotel reservations in the travel center. If you’ve been craving a post-holiday vacay, this is the sign you’ve been looking for. You can also earn even more cash back at over 1,100 online stores through the Rewards Center Earn Mall. Plus, the redemption of your cash back is flexible: choose a cash deposit, reward card, or statement credit.

What to Look for In Your Cash-Back Card

There are tons of options out there for cash-back credit cards, but not all rewards are made equal. There’s no absolute best cash-back card for everyone because while some might prefer a flat cash-back rate on everything, others might prefer a higher reward in a few key categories.

When browsing your card choices, you will want to keep an eye on the annual fee. We’ve provided options with and without an annual fee, but sometimes the cash-back rewards are worth paying a small fee to reap higher benefits. There are also a few cards with one-time bonus offers that help sweetens the deal, especially post-holidays when a little more cash can’t hurt.

The best cash-back card for you will depend on your reward preferences. At the end of the day, as long as you’re getting cash back for your purchases and more bang for your buck, we’re happy. Be sure that you understand the cash-back reward system before signing up for the card so that you can take full advantage of its benefits.

Best Cash-Back Cards: Final Thoughts

From gas to groceries, date night to streaming your favorite shows, there’s a cash-back reward for everyone. And after the holiday season, a little cash back in your pocket doesn’t hurt.

We’ve rounded up the top five best cash-back cards based on a variety of reward categories so that you can find the best option for you and your spending habits. No matter how you like being rewarded, enjoy the feeling of getting more for your money on every purchase.