No credit card reward is more flexible than cash. That’s why cash back credit cards are the favorite type of card for most people. You might prefer a card that gives you a nice, generous flat rate on all of your purchases, as much as 2%, or you might prefer cards that give greater rewards for certain purchase categories. Some people are willing to juggle multiple cards to always get the maximum, as much as 5% on some purchases. Below we offer our picks for the best cash back cards on the market today, starting with flat-rate cards. All of these have no annual fee unless otherwise noted:
- Citi Double Cash – Get 2% cash back on all your purchases. You get a 1% rebate when you make the purchase, and get the other 1% when you pay it off. If you’re paying your balance in full each month (and you should), you’ll get the 2% right away; if not, you’ll still get 2% as long as you eventually pay off your purchases.
- PayPal Cashback Mastercard – Get 2% cash back on all purchases, but note that the 2% rebate is deposited into your PayPal account. It’s easy enough to transfer it out to your bank account if you’d like, but it does require an extra step.