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Top 5 Best Credit Cards for Cashback

Top 5 Best Credit Cards for Cashback

First off, I would like to preface this and say that we are not affiliated with any of these companies and we gain nothing from people signing up for these cards.  Furthermore, I want to be very clear that we are NOT encouraging anyone to accrue a bunch of credit card debt or even use a credit card for expenses they will not otherwise be able to afford.  If you have a credit card and responsibly pay the balance in full each month, you will not get any late fees or interest charges.  We are encouraging you to utilize these cards in this way so that you can stick it to the big banks and get all the benefits and rewards (cashback $$$) of utilizing a credit card with no downside to you.

 

The Criteria

For the intents and purposes of this list, I won’t be covering any cards that have any weird or obscure rules, any revolving categories or any crazy high annual fees.  The reason being we want to give you the top 5 best credit cards for cashback with the least amount of work on your part.

 

1. Capital One Quicksilver

Annual Fee: $0

Foreign Transaction Fee: $0 0%

Cashback: 1.5% on ALL purchases

Sign-up Bonus: Interest-free for the first 15 months, and when you spend $500 in the first 3 months you get a $150 bonus.

Credit level: Excellent

Our thoughts: This card is a great option, with no annual fee and a steady 1.5% cashback on all your purchases.

2. Chase Freedom Unlimited

Annual Fee: $0

Foreign Transaction Fee: $0 0%

Cashback: 1.5% on ALL purchases

Sign-up Bonus: Interest-free for the first 15 months, and when you spend $500 in the first 3 months you get a $200 bonus.

Credit level: Excellent

Our thoughts: This card is basically the same exact card as the Capital One Quicksilver listed above, with two cool perks that bump it slightly higher than the Quicksilver. The Chase Unlimited Freedom card’s rewards are transferable to other Chase credit cards, this means that if you have the Chase Sapphire Reserve you can redeem the points you earned on your Freedom Unlimited for 50% more if you redeem them for travel. Secondly, this card actually has a better sign up bonus getting you $200 instead of $150 if you spend $500 in the first 3 months.

3. Uber Visa Credit Card

Annual Fee: $0

Foreign Transaction Fee: $0

Cashback: 4% cashback on dining including UberEATs, 3% back on airfare and hotel, 2% back on online purchases including Uber and subscription services, and 1% back on everything else. 

Sign-up Bonus: Earn $100 after spending $500 on purchases in the first 90 days

Credit level: Excellent

Our thoughts: I really thought about not including this one, because it has so many categories, but almighty this is a great card with consistent cashback categories, no foreign transaction fees, and no annual fee.

4. Citi Double Cash Card

Annual Fee: $0

Foreign Transaction Fee: 3%

Cashback: Get 2% on every purchase with unlimited 1% cashback when you buy, plus an additional 1% as you pay for those purchases.

Sign-up Bonus: None

Credit level: Excellent

Our thoughts: Now we are getting to the top two contenders, this card is all-around awesome as it allows you to get 2% cashback on all of your purchases without any stipulations or categories, all you have to do is charge your expenses to the card and pay it off. This is the cashback credit card I would recommend to 90% of people.

 

5. Alliant Visa Signature Card

Annual Fee: $99

Foreign Transaction Fee: $0

Cashback: 2.5% cashback on all purchases

Sign-up Bonus: Earn 3% cashback in the first year with the Alliant Cashback Visa® and the annual fee is waived for the first year.

Credit level: Excellent

Our thoughts: The Alliant Visa Signature card is without a doubt the best cashback credit card we could find as this card allows you to get 2.5% cashback on all of your purchases no matter the category. As if that wasn’t good enough for the first year after you sign up you will receive 3% cash back instead of 2.5% and your annual fee will be waived! The only reason wouldn’t recommend this card to most people is the annual fee of $99 a year after the first year of having the card, this annual fee means that you have to charge a minimum of $4000 a year to the card to breakeven and cover the fee every year after the first. Furthermore, this card will only be better than the Citi Double Cash Card if you are spending more than $20,000 a year. I would recommend this card to anyone who actively spends more than $20,000 a year on expenses that can be charged to a credit card.

Honorable Mentions

Amazon Prime Rewards Card

Annual Fee: $0 (Although technically need to be an Amazon Prime member.)

Foreign Transaction Fee: $0

Cashback: 5% cashback on all purchases made at Amazon.com and Whole Foods, 2% Cashback at restaurants, gas stations, and drug stores, 1% cashback on all other purchases.

Sign-up Bonus: Get a $70 Amazon.com Gift Card upon approval

Credit level: Excellent

Our thoughts: 5% cashback on all purchases at Amazon.com. Wow, that is literally a nickel on every single dollar you spend at Amazon or Whole Foods. If you are a social shut-in like I am and would rather order everything on Amazon instead of having to leave your home and potentially see people this card is a no brainer and I would highly recommend you get it.

Capital One Savor One Rewards

Annual Fee: $0

Foreign Transaction Fee: $0

Cashback: Earn unlimited 3% cashback on dining and entertainment, 2% at grocery stores and 1% on all other purchases.
Entertainment could be ticket purchases made at movie theaters, sports promoters (professional and semi-professional live events), theatrical promoters, amusement parks, tourist attractions, aquariums, zoos, dance halls, record stores, pool halls or bowling alleys

Sign-up Bonus: Earn a one-time $150 cash bonus once you spend $500 on purchases within the first 3 months from account opening.

Credit level: Excellent

Our thoughts: This is another great option, especially for anyone spending a large amount of money dining out or on entertainment like concerts or sports events.

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