Top 10 Cash Back Credit Cards in 2024 – If you’re looking for Cash Back credit cards that can give you hundreds of dollars back every year with minimal effort, then these are the top 10 cash back credit cards for you. By adding these cards to your wallet, you can use the cash back to pay for dinners out, holiday gifts, or anything else you want. Each credit card on this list offers even better rewards and benefits, so let’s dive in and start with the first card.
In today’s blog, we’re going to talk about the top 10 cash back credit cards of 2024 that everyone should have. My name is Deepak, and I’ve spent the last decade knee-deep in the credit card points and miles game. I want to share with you some easy ways to save money using cash back credit cards. Today’s blog will be divided into two parts. In the first part, I’ll give you some pointers on cash back credit cards, and in the second part, we’ll discuss my top 10 favorite cash back credit cards of 2024.
Part One: Pointers on Cash Back Credit Cards
- Make sure you actually use the cashback. Many cards give you cashback in the form of points, so you need to actively redeem those points.
- Only spend on a cashback credit card if you were originally planning to make that purchase. Don’t get carried away just because there’s a discount.
- Pay attention and learn how to effectively use a credit card. Understand payment dates, statement balances, and other fundamental aspects.
Part Two: Top 10 Cash Back Credit Cards of 2024
When it comes to choosing a cash back credit card, there are many options available. However, not all cashback cards are created equal. In this article, we will discuss the top 10 cash back credit cards for 2024. These cards offer great rewards and benefits, making them worth considering.
1- City Custom Cash
The City Custom Cash card is our top pick for the best cash back credit card in 2024. With this card, you can earn a $200 cashback bonus after spending $1,500 in the first six months. The card also offers zero percent APR for the first 15 months. The standout feature of this card is the ability to earn 5% cash back on your highest spending category each month, up to $500. After reaching the spending limit, the cashback rate goes down to 1%. To maximize your rewards, it is recommended to use this card for one specific category only.
2- Capital One Saver One Rewards
The Capital One Saver One Rewards card is a solid choice for cashback rewards. This card offers a $200 bonus after spending $1,000 in the first three months and has zero percent APR for the first 15 months. With this card, you can earn 5% cash back on hotel and car rental bookings through the Capital One travel portal. Additionally, you can earn 3% cash back on dining, streaming services, entertainment, and grocery purchases. For all other purchases, you will earn 1% cashback. The card also comes with a 10% cashback benefit through Uber and has no foreign transaction fees.
3- American Express Blue Cash Everyday
The American Express Blue Cash Everyday card offers a $200 cashback bonus after spending $2,000 in the first six months. This card is particularly unique because it has no annual fee and offers two credits. The first credit is a $84 credit to Disney, which is given in the form of $7 a month over 12 months. The second credit is a $180 credit to Home Chef, which is given in the form of 15 credits over 12 months. In terms of cashback rewards, you can earn 3% cash back on grocery purchases, online retail, and gas station purchases, up to $6,000 of spend per year. All other purchases will earn you 1% cash back.
4- Citi Double Cash
The Citi Double Cash is the easiest to use as it offers a flat 2% cash back on everything with no annual fee. You earn 1% cash back when you make a purchase and another 1% back when you pay off the balance. Just make sure to always pay your credit card balance on time and in full to avoid interest charges. This card also offers a 0% intro APR on balance transfers, making it helpful if you have existing credit card debt with high interest rates.
5- PayPal Cashback Mastercard
The PayPal Cashback Mastercard is great for online shopping. It offers 2% cash back on everything and 3% cash back on PayPal purchases. Since most online stores accept PayPal as a payment option, this card can be a catch-all for earning 3% cash back on many purchases. The cashback is earned daily and there are no limits on how much you can earn.
6- Wells Fargo Active Cash
The Wells Fargo Active Cash card is a good option for those who want a signup bonus. It offers unlimited 2% cash back on all purchases and a $200 bonus after spending $500 in the first 3 months. There’s also a 0% APR introductory offer for 15 months. This card also provides cell phone protection when you pay your monthly cell phone bill with it.
7- Chase Cash or Chase Unlimited
Chase offers two cash back credit cards that are worth considering: the Chase Cash and the Chase Unlimited. These cards are a good choice for building a relationship with Chase, as they provide a solid foundation for future card upgrades. With these cards, you can earn cashback rewards that can be converted into travel points. While the focus is on cashback rewards, it’s worth considering the potential for travel rewards in the future.
8- Wells Fargo Propel
The Wells Fargo Propel card is another underrated option. It has no annual fee and offers a 20,000-point signup bonus worth $200 after spending $1,000 in the first 3 months. This card earns unlimited 3x points per dollar on restaurants, travel, gas, transit, streaming, and phone plans. It also provides cell phone protection and has no foreign transaction fees.
9- Chase Freedom Unlimited
The Chase Freedom Unlimited card is marketed as a cashback card, even though it earns Chase Ultimate Rewards points. It offers 1.5% cash back on all purchases, making it a great catch-all card for miscellaneous expenses. While the cash-back rate is lower than some other cards, it can still be a good option for those who prefer a more popular credit card issuer like Chase.
10- Honorable Mentions: Chase Freedom Flex and Discover It
There are two other cash back credit cards that deserve an honorable mention: the Chase Freedom Flex and the Discover It. These cards offer great rewards and benefits but require a bit more effort to maximize the cashback potential. For those who prefer simplicity, the top 10 cards mentioned above are recommended.
When choosing a cash back credit card, it’s important to consider your spending habits and goals. Each card has its own benefits and rewards structure, so it’s worth doing some research to find the card that best fits your needs. With the right cash back credit card, you can earn valuable rewards on your everyday purchases.
Read Also – How To Increase Your Credit Score Fast in 2024
Read Also – Best Credit Cards for Airport Lounge Access 2024
Disclaimer
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult with a financial professional before making any financial decisions.
If you found this article helpful, Let me know in the comments if you have any of these cards or if you’re considering getting one. I’d love to hear your thoughts! Thank you!
FAQs
Q: What are the pointers on cash back credit cards?
A: The pointers on cashback credit cards are: 1) Make sure to actively redeem cashback points, 2) Only spend on a cash back credit card for planned purchases, and 3) Understand how to effectively use a credit card.
Q: What is the Wells Fargo Active Cash card?
A: The Wells Fargo Active Cash card offers a $200 signup bonus, 0% APR for the first 15 months, and earns 2% cashback on all purchases.
Q: What is the Chase Freedom Unlimited card?
A: The Chase Freedom Unlimited card offers a $200 signup bonus, double base cashback in the first year with a referral link, and varying cashback percentages on travel, dining, takeout, drugstore purchases, and 1.5% cashback on everything else.
Q: What are the top 5 cash back credit cards for 2024?
A: The top 5 cashback credit cards for 2024 are City Custom Cash, Capital One Saver One Rewards, American Express Blue Cash Everyday, Chase Cash or Chase Unlimited, and Honorable Mentions: Chase Freedom Flex and Discover It.
Q: What is the cashback bonus for the City Custom Cash card?
A: The City Custom Cash card offers a $200 cashback bonus after spending $1,500 in the first six months.
Q: What is the standout feature of the City Custom Cash card?
A: The standout feature of the City Custom Cash card is the ability to earn 5% cash back on your highest spending category each month, up to $500.
Q: What is the cashback bonus for the Capital One Saver One Rewards card?
A: The Capital One Saver One Rewards card offers a $200 bonus after spending $1,000 in the first three months.
Q: What are the cashback categories for the Capital One Saver One Rewards card?
A: The Capital One Saver One Rewards card offers 5% cash back on hotel and car rental bookings through the Capital One travel portal, 3% cash back on dining, streaming services, entertainment, and grocery purchases, and 1% cash back on all other purchases.
Q: What is unique about the American Express Blue Cash Everyday card?
A: The American Express Blue Cash Everyday card has no annual fee and offers two credits: an $84 credit to Disney and a $180 credit to Home Chef.