Best Cash Back Credit Cards – August 2022

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. Depending on where your purchasing dollars are spent each month, you might consider one or more of these credit cards that return some of your hard-earned cash back to you:

Blue Cash Everyday® Card from American ExpressWhy We Like It: Maybe the best rewards credit card for grocery purchases with no annual fee, plus a rare 3% reward for general online purchases. EARN: 3% cash back on groceries at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 3% cash back on U.S. online retail purchases on up to $6,000 per year in purchases (then 1%), 3% cash back on gas at U.S. gas stations on up to $6,000 per year in purchases (then 1%), 1% cash back on other purchases. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. NEW CARDHOLDER WELCOME BONUS OPPORTUNITY: Earn a $200 statement credit after you spend $2,000 in purchases within the first 6 months. See Rates & Fees. Terms Apply. American Express is a ProudMoney advertiser.

 

Citi Custom Cash℠ CardWhy We Like It: No-brainer opportunity to earn 5% cash back in the everyday category you shop most each month, with no annual fee! EARN: 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter and on all other purchases. The 5% eligible categories are: Restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs, live entertainment. NEW CARDHOLDER WELCOME BONUS OPPORTUNITY: Earn $200 cash back after you spend $750 on purchases in the first 3 months of account opening.

 

Capital One SavorOne Cash Rewards Credit CardWhy We Like It: Offers generous cash back in everyday categories where you are likely to be doing real spending, with no annual fee! Earn 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. EARLY SPEND BONUS: Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening.

 

Blue Cash Preferred® Card from American Express – Why We Like It: 6% cash back on up to $6,000 per year in purchases at U.S. supermarkets, 6% cash back on select U.S. streaming subscriptions, 3% cash back on transit purchases, 3% cash back at U.S. gas stations, 1% cash back on other purchases. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. NEW CARDHOLDER WELCOME BONUS OPPORTUNITY: Earn a $350 statement credit after you spend $3,000 in purchases within the first 6 months. Annual fee: $95. See Rates & Fees. Terms Apply. American Express is a ProudMoney advertiser.


Chase Freedom Flex℠ – Why We Like It: Good everyday earnings, plus the opportunity to earn 5% cash back in certain purchases throughout the year. Earn: 5% on up to $1,500 in combined purchases in bonus categories each quarter you activate, 5% on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases, 1% on all other purchases. NEW CARDHOLDER BONUS OPPORTUNITY: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.

 

Citi® Double Cash Card – 18 month BT offer – Simple, generous 2% cash back formula on all of your purchases, with no annual fee! EARN: 2% cash back on purchases: 1% when you buy and 1% as you pay — no categories to worry about, and no cap on the 2% cash back you can earn. NEW CARDHOLDER BONUS OPPORTUNITY: Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening.

 

U.S. Bank Altitude® Go Visa Signature® Card – Why We Like It: Perhaps the best dining rewards credit card on the market, plus strong rewards at grocery stores, gas stations/EV stations, and other everyday purchasing categories. Earn: 4 points per dollar on dining, takeout and restaurant delivery purchases, 2X points at grocery stores, grocery delivery, streaming services, gas stations and EV charging stations, 1X point on all other eligible purchases. NEW CARDHOLDER BONUS OPPORTUNITY: Earn 20,000 bonus points after you spend at least $1,000 in the first 90 days after opening your account — a $200 value redeemable for cash back as well as travel rewards, gift cards and more.

 

Costco Anywhere Visa® Card by CitiWhy We Like It: Costco members earn 4% cash back on eligible gas worldwide, including gas at Costco, for the first $7,000 per year (1% on gas purchases beyond $7000/year), PLUS 3% cash back on restaurant purchases worldwide, PLUS 3% cash back on eligible travel purchases worldwide, PLUS 2% cash back on all other purchases from Costco and Costco.com, and then 1% on any other purchases. If you’re already paying to be a Costco member, it’s a no-brainer to get the Costco cash back credit card. (There’s no annual fee for the card itself, and it’s only available to Costco members.)

 

U.S. Bank Cash+® Visa Signature® CardWhy We Like It: 5% cash back in purchasing categories not often found in today’s market & an overall good rewards formula. EARN: 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose, as well as 5% cash back on prepaid air, hotel and car reservations booked directly in the Rewards Travel Center. In addition, earn 2% cash back on one everyday category, like Gas Stations/EV Charging Stations, Grocery Stores or Restaurants, and 1% cash back on all other eligible purchases. NEW CARDHOLDER BONUS OPPORTUNITY: $200 bonus after spending $1,000 in eligible purchases within the first 120 days of account opening.

 

Chase Freedom Unlimited®Why We Like It: Good cash-back on everyday categories, and a nice “catch all” reward rate on other purchases, with no annual fee. Earn 5% on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants (including takeout and eligible delivery services), 3% on drugstore purchases, and 1.5% on all other purchases. INTRO OFFER FOR NEW CARDHOLDERS: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year). Could be worth up to $300 cash back 👀

 

Synchrony Premier World Mastercard® – Why We Like It: Simple cash back formula at a high rewards level. You’ll earn 2% cash back on every purchase with the card AND that cash back gets credited to your statement each month automatically — no jumping through hoops to redeem your cash.

 

The Amazon Rewards Visa Signature & Amazon Prime Rewards Visa Signature – Regular Amazon.com buyers will appreciate Amazon’s cash back credit card, especially if you are an Amazon Prime member. Amazon Prime members earn 5% on Amazon and Whole Foods purchases, 2% at restaurants, 2% at gas stations, 2% at drugstores, and 1% on all other purchases. If you’re not an Amazon Prime member, you’d get 3% in rewards at Amazon & Whole Foods instead of 5%. (All the other categories would be the same.) Rewards can be redeemed as cash back or used for future Amazon purchases, with other reward options, too. New Cardholder Bonus: Amazon Prime members get a $100 Amazon gift card loaded into your Amazon account when you are approved. Non-Prime cardholders get a $50 gift card once approved. (NOTE: As an Amazon Associate, we earn from qualifying purchases.)

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Author: Adam Jusko


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