10 best credit cards with cashback rewards: reviews and offers 2022
If you like to get cashback as a reward, take a look at these credit cards. They have some of the best performances on the market, and their benefits will surely suit your needs. Learn more about each one of them to choose yours.
Find out the best credit cards with cashback and enjoy rewards in 2022
Discover the ten best credit cards with cashback rewards of 2022!
A good cashback is highly appreciated among credit card users. After all, it’s not easy to see your hard-earned money go away, but it’s great to see some of it come back to you.
As more and more services have been offered online in the past few years, more people started using credit cards. It has also made popular the idea of cashback.
Today we have many options with the most diverse conditions. The Mad Capitalist presents 10 of these cards and their benefits for you to choose yours.
Learn the 10 best options for credit cards with great cashback rewards
The following cards are some of the best credit cards with cashback rewards and have outstood in their categories. You’ll find the pros and cons of each, as well as fees and interest rates. They are not ranked, and the order of presentation does not imply a hierarchy among them.
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Blue Cash Preferred® Card from American Express
This card looks too good to be true. Even though it has an annual fee, the benefits more than compensate what you pay for it. Blue Cash offers a 6% cashback reward in two popular categories: groceries and streaming services. New members receive welcome benefits: $0 annual fee for the first year and $300 credits after spending $3,000 in the first six months.
|Annual Fee||$0 annual fee on the first year. $95 after that.|
|Regular APR||0% intro APR on purchases for 12 months. Then, 13.99% to 23.99%.|
|Welcome bonus||$300 statement credit after spending $3,000 in the first 6 months.|
|Rewards||6% cashback on selected supermarkets and streaming services. Terms Apply.|
3% cashback on transit expenses and gas stations.1% cashback on other purchases.
Capital One SavorOne Cash Rewards
With a $0 annual fee and a $200 welcome bonus, this card is a great choice. Rewards range from 1% to 3% unlimited cashback. The offer of 0% intro APR in the first year favors the installment of large purchases.
|Credit Score||Good/Excellent – recommended above 670|
|Regular APR||0% intro APR for 15 months; 14.99% – 24.99% variable APR after|
|Welcome bonus||$200 cash bonus after spending $500 on the first 3 months.|
|Rewards||3% unlimited cashback on selected grocery stores and streaming services, entertainment, and dining.|
1% unlimited cashback on other purchases.
8% cashback on Vivid Seats (until January 2023)
Citi Custom Cash℠ Card
Citi Custom Cash℠ Card has a $0 annual fee and offers a $200 welcome bonus like other cards in its category. The differential is in the bonus category that fits your lifestyle. There are ten categories in which you can receive 5% cashback per billing cycle for up to $500 on purchases. That means up to $300 in cashback per year.
|Credit Score||Good/Excellent – recommended at least 690.|
|Regular APR||Intro APR of 0% for 15 months. After this period, 13.99% – 23.99%, variable according to your credit score.|
|Welcome bonus||20,000 ThankYou points after spending $750 on the first 3 months.|
|Rewards||1% up to 5% bonus points that can be converted into cashback. Terms apply|
Chase Freedom Unlimited®
Chase Freedom is a great option for travelers. You can earn up to 6.5% in the first year for buying travel-related purchases through the Chase Ultimate Rewards. This rewards program allows you to transfer points between Chase cards, so you can collect points to maximize rewards. On top of that, it has a $0 annual fee, and the cashback won’t expire as long as your account stays active.
|Credit Score||Good/Excellent – recommended at least 670.|
|Regular APR||0% Intro APR for 15 months; 14.99% – 23.74% after that.|
|Welcome bonus||1.5% additional cashback in every purchase in the first year. Terms apply.|
|Rewards||5% cashback on travels through the Chase Ultimate rewards.|
3% cashback at restaurants and drugstores.
1.5% on other purchases.
Discover it® Secured Credit Card
If you’re facing a poor credit score, don’t worry. You can enjoy the cashback benefits with the Discover it® Secured Credit card. It is a credit card for people looking to build credit history or recover from financial hardship. In addition to the many credit recovery benefits, you will receive up to 2% cashback on multiple purchases, and as a welcome bonus, Discover It will double all the cashback you earned in the first year. All this for a $0 annual fee.
|Credit Score||No credit score required|
|Regular APR||22,99%. Variable.|
|Welcome bonus||Unlimited Cashback Match. It doubles all the cash back you’ve earned in the first year.|
|Rewards||2% cash back at gas stations and restaurants. Terms apply.|
1% cash back on other purchases.
Double your cashback at the end of your first year.
Capital One Quicksilver Cash Rewards Credit Card
If you don’t have the patience for complicated rewards, this card is for you. Get 1.5% cashback on every purchase, no revolving categories or anything else. Just use it and earn cashback, unlimited and never expire, simple as that.
|Regular APR||0% intro APR for 15 months; 14.99%-24.99% variable APR after that.|
|Welcome bonus||$200 after spending $500 in the first 3 months.|
|Rewards||1.5% unlimited cashback on every purchase.|
Bank of America® Customized Cash Rewards credit card
Another option with a $0 annual fee and 0% introductory APR, the Bank Of America® Customized will let you choose one bonus category to earn 5% cashback, and 2% on groceries and wholesale clubs, up to $2,500 every 3 months. The welcome bonus is a little bit more demanding, as you have to spend $1,000 in 3 months to earn the $200 online cash reward. Ok, these rewards can be a little confusing, but you got this.
|Regular APR||0% Introductory APR for 15 months. After that, 13.99% – 23.99% Variable APR|
|Welcome bonus||Earn $200 online cash rewards after spending $1,000 in the first 3 months.|
|Rewards||3% cashback in a category of your choice. Terms apply.|
2% on groceries and wholesale clubs. Terms apply.
Unlimited 1% cashback on other purchases.
Wells Fargo Active Cash℠ Card
The benefits and costs of the Wells Fargo Active Cash℠ card are similar to most cards on this list. The cashback has a flat rate of 2% in every purchase, which simplifies the utilization. It is not a good card for traveling abroad, for it charges a foreign transaction fee. However, it offers benefits in select hotels through the Visa Signature Concierge. Also, it has an attractive advantage: cellphone insurance coverage over damage or theft, up to $600. You need to pay your cellphone bill with the Wells Fargo Active Cash card to get this coverage.
|Regular APR||0% intro APR for 15 months. 14.99%-24.99% Variable APR after that period.|
|Welcome bonus||Get a $200 reward after spending $1,000 in the first 3 months.|
|Rewards||Unlimited 2% cashback on every purchase.|
SoFi Credit Card
SoFi wants you to invest your money. The rewards program is not flexible, but it can be positive if you need some incentive to invest your cashback instead of spending it. You get $100 if you open an investment account and 2% cashback if you redeem your points towards investing (even in crypto!) or saving it, which means 1 cent per point. If you choose to redeem your points as a statement credit, they’ll be worth only 0,5 cents per point. Plus, you’ll get MasterCard benefits, like cellphone insurance coverage, ID protection, and credits at Lyft.
|Credit Score||Good/Excellent. Recommended at least 690.|
|Regular APR||12.99% to 24.99%, based on your creditworthiness.|
|Welcome bonus||Earn $100 if you open a SoFi Money and a Sofi Invest Account. Terms apply.|
|Rewards||2% cashback on every purchase. Terms Apply.|
Chase Ink Business Cash Credit Card
To complete the list, we present an excellent option for small businesses, the Ink Business Cash credit card, a Chase card with a Visa signature. The welcome bonus is very generous, and you’ll get 5% cashback on office supplies, phone, and internet services, up to $25,000 purchased in one year. Just like every Chase card, your cashback has more value if you redeem them through Chase Ultimate Rewards. On top of these benefits, you’ll have fraud protection, which is prudent, especially on a business card.
|Credit Score||Good/Excellent, recommended at least 670.|
|Regular APR||0% introductory APR for 12 months; after that, 13.24% to 19.24%.|
|Welcome bonus||$750 bonus cash after spending $7,500 in the first 3 months|
|Rewards||5% cashback on office supplies, internet, and phone services. Terms apply.|
2% cashback on gas station and restaurants. Terms apply.
1% cashback on every other purchase.
And if you want to apply for one of these cards but think that you won’t be approved due to your current credit score, check out our following article to learn how to improve it!
About the author / Julia Bermudez
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