10 Best Cash Back Credit Cards for 2023
When you use cash-back credit cards wisely, you can receive rewards on your purchases, which equates to free money. You can receive anywhere from 1% to 8% back on dining out, travel, groceries, and other purchases using a cash-back credit card, depending on how and what you use it for. Here we have 10 Best Cash Back Credit Cards for 2023.
The resident credit card experts at CardCritics, gathered and thoroughly examined data on all of the major credit cards that are available, then rated each one using a 5-star methodology to determine which ones offer the best cashback. yearly fees, yearly percentage rates, sign-up incentives, continuous rewards, accessibility, redemption possibilities, and more are among the comparing variables. The most crucial elements in each particular area were highlighted by assigning a weight to these characteristics.
WELL-ROUNDED BENEFITS
4.8/5
CardCritics, our in-house credit card specialists, determined the Best Credit Cards for 2023 by accumulating and thoroughly evaluating data on all major credit cards on the market and then ranking them on a 5-star scale. Annual fees, APRs, sign-up incentives, ongoing benefits, accessibility, redemption possibilities, and other aspects are included in the comparison. These characteristics were then weighted by importance to focus on the most significant aspects in each area.
On American Express’s Secure Website
Pros
- Robust rewards for grocery and streaming purchases
- Welcome offer
- Intro APR for the first year
Cons
- The Annual fee of $95.
Blue Cash Preferred® Card from American Express
Why Everyone like it
When it comes to cash back, the Chase Freedom Unlimited Card delivers, with a large rate and no headache of dealing with rotating categories, deadlines, or activating offers. The infinite benefits are 5% for Chase Ultimate benefits travel purchases, 3% for dining and pharmacy expenditures, and 1.5% for all other transactions. The rewards points do not expire and there is no minimum redemption amount. You can swap them for cash back, gift cards, or vacation through the Ultimate Rewards website. In addition, there is a special offer of unlimited matched cash back. Use your card for all purchases, and Chase will automatically match all cash back you earn at the conclusion of your first year! There is no upper limit to the amount of cash back you can earn.
Annual Fee
0% intro APR for 12 months, then 19.24% – 29.99% variable
Purchase APR
0% intro APR for 12 months, then 19.24% – 29.99% variable
Welcome Bonus
Earn $250 after spending $3,000 on your new Card within the first six months.
Balance Transfer APR
Earn $250 after spending $3,000 on your new Card within the first six months.
Recommended Credit Score
Excellent/Good670-850*
Cash Back
6% Cash Back on certain US streaming subscriptions, 3% at US gas stations and during transportation, 1% on other purchases, and 6% Cash Back at US supermarkets on purchases up to $6,000 annually.
Benefits
- Exceptional cash back potential
- Generous welcome offer
Key Features
- After using your Blue Cash Preferred Card to pay $12.99 or more a month for an eligible subscription, you will receive $7 back on The Disney Bundle every month.
- In transit and at US gas stations, get 3% cashback.
FLEXIBILITY ON REWARDS CATEGORIES
4.7/5
CardCritics, our in-house credit card specialists, determined the Best Credit Cards for 2023 by accumulating and thoroughly evaluating data on all major credit cards on the market and then ranking them on a 5-star scale. Annual fees, APRs, sign-up incentives, ongoing benefits, accessibility, redemption possibilities, and other aspects are included in the comparison. These characteristics were then weighted by importance to focus on the most significant aspects in each area.
Pros
- Welcome bonus
- No annual fee
- Intro APR for purchases and balance transfers
Cons
- Requires good to excellent credit
Chase Freedom Flex℠
Why Everyone like it
When it comes to earning cash-back rewards with the Chase Freedom Flex Card, you have a lot of options. You can increase your earnings by tracking and activating bonus categories on a quarterly basis. The good things about the regular rewards program: are 5% for travel booked with Chase Ultimate Rewards, 3% for dining and pharmacy expenditures, and 1% for all other transactions. Through the Ultimate Rewards website, you can exchange your points for travel, cash back, or gift cards. Your points are non-expiratory. Additionally, if you spend $500 in the first three months, you can receive a $200 cash bonus. Additionally, you can receive 5% back on grocery store purchases up to $12,000 in the first year (not including Target and Walmart) for a short period of time. The Freedom of Chase
Annual Fee
$0
Purchase APR
Purchases have a 0% intro APR for the first 15 months, then a variable APR ranging from 20.49% to 29.24%.
Welcome Bonus
Earn a $200 incentive after spending $500 on purchases in the first three months after creating your account.
Balance Transfer APR
0% initial APR on balance transfers for 15 months, then variable APR of 20.49% – 29.24%
Recommended Credit Score
Excellent/Good670-850*
Cash Back
Every quarter you activate, you will receive 5% cash back on aggregate purchases in bonus categories up to $1,500. Additionally, receive 5% cash back on trips booked via Chase, 3% on meals, including takeout and pharmacies, and 1% on all other transactions.
Benefits
- Strong potential for rewards without an annual charge.
- Generous bonus upon arrival.
Key Features
- Credit Journey Trip Cancellation/Interruption Insurance offers.
- Complimentary credit score and identity restoration service.
FLEXIBILITY ON REWARDS CATEGORIES
4.7/5
CardCritics, our in-house credit card specialists, determined the Best Credit Cards for 2023 by accumulating and thoroughly evaluating data on all major credit cards on the market and then ranking them on a 5-star scale. Annual fees, APRs, sign-up incentives, ongoing benefits, accessibility, redemption possibilities, and other aspects are included in the comparison. These characteristics were then weighted by importance to focus on the most significant aspects in each area.
Pros
- No annual fee
- Welcome bonus
- Intro APR for purchases and balance transfers
Cons
- To earn 5% cash back, revolving rewards categories must be active before the deadline.
Chase Freedom Flex℠
The Chase Freedom Flex Card is a great credit card for people who want to earn cash-back rewards on their everyday purchases. It offers a variety of bonus categories each quarter, as well as standard rewards rates of 5% for travel purchased through Chase Ultimate Rewards, 3% for dining and drugstore purchases, and 1% on all other purchases. You can earn bonus cash back on different categories each quarter, such as gas, groceries, travel, and dining.
Annual Fee
The Chase Freedom Flex Card has no annual fee, so you can keep earning rewards without paying a fee.
Purchase APR
0% intro APR on purchases for the first 15 months, then 20.49% – 29.24% variable
Welcome Bonus
You can earn a $200 cash bonus after spending $500 in the first three months.
Balance Transfer APR
0% intro APR on balance transfers for 15 months, then 20.49% – 29.24% variable
Recommended Credit Score
Good670-850*/Excellent
Cash Back
Each quarter, you can earn 5% cash back on up to $1,500 in combined purchases in bonus areas. In addition, earn 5% cash back on Chase travel purchases, 3% on eating (including takeout and drugstores), and 1% on all other transactions.
Benefits
- Without the annual fee, you have a Strong reward potential.
- You can earn a $200 cash bonus after spending $500 in the first three months.
Key Features
- Credit Journey provides free credit score and identity restoration with trip
- Cancellation/interruption insurance.
GROCERIES AND MORE, HIGH RATES ON DINING
4.8/5
CardCritics, our in-house credit card specialists, determined the Best Credit Cards for 2023 by accumulating and thoroughly evaluating data on all major credit cards on the market and then ranking them on a 5-star scale. Annual fees, APRs, sign-up incentives, ongoing benefits, accessibility, redemption possibilities, and other aspects are included in the comparison. These characteristics were then weighted by importance to focus on the most significant aspects in each area.
Pros
- Unlimited 3% to 5% cash-back.
- 1% cash back on all other purchases
- No annual fee
Pros
- No sign-up bonus
- Not as many travel premium travel cards
Capital One SavorOne Rewards
The Capital One SavorOne Rewards Credit Card is a great option for people who spend regularly on dining, entertainment, streaming services, and groceries. It offers an unlimited 3% cash back on those categories. You can also earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel and earn 10% cash back on purchases with Uber and Uber Eats. In addition, enjoy complimentary Uber One membership statement credits until 11/14/2024. You’ll earn 1% cash back on all other purchases. All you can get with a $0 annual fee.
Annual Fee
Keep all the rewards you earn without paying a fee.
Purchase APR
0% for 15 months on purchases, then 19.99% – 29.99% variable
Welcome Bonus
When you spend $500 on goods within the first three months, you will receive a $200 cash-back. welcome gift. This is an excellent method to earn some extra money right away.
Balance Transfer APR
0% initial APR on balance transfers for 15 months, then variable 19.99% – 29.99%.
Recommended Credit Score
Capital One recommends a credit score of at least 690 for this card.
Cash Back
3% cash back on restaurants, entertainment, streaming services, and grocery is unlimited. 5% cash back on all hotel and rental vehicle reservations made via Capital One Travel. 10% cash back on Uber and Uber Eats purchases. All other purchases will earn you 1% cash back.
Benefits Key Features
- Flexible Rewards: Earn unlimited rewards in a variety of categories, including dining, entertainment, streaming services, groceries, travel, and rideshare.
- No Annual Fee: Keep your rewards without paying a fee.
- Intro APR: Save money on interest with a 0% intro APR on purchases and balance transfers.
- Welcome Bonus: Earn a cash-back welcome offer of $200 when you spend $500 on purchases within the first three months.
