Best Cash Back Credit Cards: The most adaptable credit card benefit is cash back because you can use it for anything. You can use our list to find the ideal card for your spending habits.
List of Best Cash Back Credit Cards 2022
| Credit card | Our rating | Annual fee | Rewards rate | Intro offer |
|
|
5.0
/5 Best for Bonus rewards: 5%/3% categories + high ongoing rate |
$0 | 1.5%-6.5%
Cashback |
$300 |
|
|
5.0
/5 Best for Flat-rate cash back: High ongoing rate + incentives |
$0 | 2%
Cashback |
$200 |
|
Citi® Double Cash Card – 18 month BT offer
|
4.9
/5 Best for Flat-rate cash back: High ongoing rate |
$0 | 1%-2%
Cashback |
$200 |
|
Capital One SavorOne Cash Rewards Credit Card
|
5.0
/5 Best for Bonus rewards: High rates on dining, groceries and more |
$0 | 1%-8%
Cashback |
$200 |
|
Blue Cash Preferred® Card from American Express
|
5.0
/5 Best for Bonus rewards: Groceries, gas, commuting, streaming |
$95 | 1%-6%
Cashback |
$350 |
|
|
4.7
/5 Best for Bonus rewards: 5% categories tailored to your spending |
$0 | 1%-5%
Cashback |
$200 |
|
|
4.9
/5 Best for Bonus rewards: Quarterly categories + cash-back match |
$0 | 1%-5%
Cashback |
Cashback Match™ |
|
|
5.0
/5 Best for Bonus rewards: Quarterly categories + cash bonus |
$0 | 1%-5%
Cashback |
$200 |
|
U.S. Bank Cash+® Visa Signature® Card
|
4.3
/5 Best for Customizable rewards: Wide selection of categories |
$0 | 1%-5%
Cashback |
$200 |
|
Bank of America® Customized Cash Rewards credit card
|
4.0
/5 Best for Customizable rewards: 3% categories you can adjust monthly |
$0 | 1%-3%
Cashback |
$200 |
|
Blue Cash Everyday® Card from American Express
|
4.9
/5 Best for Bonus rewards: Popular 3% categories + no annual fee |
$0 | 1%-3%
Cashback |
$200 |
|
Capital One Quicksilver Cash Rewards Credit Card
|
4.6
/5 Best for Flat-rate cash back: Bonus offer + intro 0% period |
$0 | 1.5%-5%
Cashback |
$200 |
|
Bank of America® Unlimited Cash Rewards credit card
|
4.6
/5 Best for Flat-rate cash back: Bonus offer + incentives |
$0 | 1.5%
Cashback |
$200 |
Chase Freedom Unlimited® Credit Card
ANNUAL FEE: $0
REWARDS RATE: 1.5%-6.5% Cashback
INTRO OFFER: $300
REASONS WE LIKE IT
Even before it started offering 1.5% cash back on all transactions, the Chase Freedom Unlimited® card was a good choice. With additional benefits on travel booked through Chase, as well as at restaurants and pharmacies, it’s now even better. New cardholders also have a fantastic bonus chance.
CONS & PROS
Pros
This card offers 1.5% cash back on all other transactions, 3% cash back in restaurants and drugstores, and 5% cash back on travel booked via Chase. Earn an extra 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) when you apply for a new credit card through NerdWallet. This bonus offer is worth up to $300 in cash back!
Cons
This card offers substantial rewards on travel purchases, but it also levies a 3% foreign transaction tax, making it unsuitable for use abroad.
Earn an additional 1.5% cash back on all purchases (on up to $20,000 spent in the first year), up to a maximum of $300 in cash back!
• Receive 6.5% cash back on travel booked through Chase Ultimate Rewards®, our top rewards program that allows you to exchange points for cash back, travel, gift cards, and more; 4.5% cash back on purchases made at pharmacies and restaurants, including takeout and eligible delivery services; and 3% cash back on all other purchases (up to $20,000 in purchases made in the first year).
• After your first year or $20,000 in purchases, you’ll receive unlimited 1.5% cash back on all other purchases in addition to 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases, and 3% cash back on dining at restaurants, including takeout and eligible delivery service.
No minimum is required to redeem cash back. The majority of U.S. bank and savings accounts allow you to select between receiving a statement credit and direct deposits. As long as your account is active, Cash Back rewards never expire!
• Enjoy 0% Intro APR on purchases and balance transfers for 15 months after the account is opened. Thereafter, the APR ranges from 17.24% to 25.99%.
• No annual charge – Your Freedom Unlimited® card comes with a number of fantastic features without charging you an annual fee.
• Keep an eye on the state of your credit. Chase Credit Journey offers free access to your most recent score, real-time alerts, and other tools to help you keep an eye on your credit.
Bank of America Active Cash® Card
- ANNUAL FEE: $0
- PRIZE RATE: 2% Cashback
- FIRST OFFER: $200
REASONS WE LIKE IT
The Wells Fargo Active Cash® Card, which has no annual charge, provides significant rewards on every purchase in addition to a plethora of additional benefits not typically offered by cards of its kind.
CONS & PROS
Pros
• You’ll receive 2% cash back on all purchases, which is among the greatest offers available for items in its category. The card does, however, come with a sizable sign-up offer: After making $1,000 in purchases within the first three months, you’ll receive a $200 cash rewards incentive. In addition, it provides a 15-month introductory period of 0% intro APR on purchases and a 15-month introductory period of 0% intro APR on balance transfers on qualified transfers. After that, the ongoing APR is 17.99%, 22.99%, or 27.99% Variable APR.
Cons
• If you don’t mind keeping track of tiered or rotating incentive structures, you can get higher cash-back rates in certain, well-liked purchasing areas. Due to its foreign transaction fee, this cash-back card, like many others, is not recommended for international travel.
PRODUCT INFORMATION
• After spending $1,000 in purchases within the first three months, receive a $200 cash rewards bonus.
• Receive 2% cashback on purchases indefinitely.
• Balance transfers made within 120 days are eligible for the promo rate and charge of 3%, then a BT fee of up to 5%, with a minimum fee of $5. • 0% intro APR on purchases and qualifying balance transfers for 15 months after account activation, then a 17.99%, 22.99%, or 2799% variable APR.
• No yearly charge
• There are no categories to know or keep track of, and cash rewards never expire as long as your account is open.
• With Visa Signature Concierge, take advantage of a premium range of advantages at some of the most fascinating and prominent hotel properties in the world.
• When you use an eligible Wells Fargo card to pay your monthly cell phone bill, you will receive up to $600 in damage or theft protection for your phone. (with a $25 deductible)
• Click “Apply Now” to learn more about the specifications, terms, and conditions of the product.
Citi® Double Cash Card – 18 month BT offer
ANNUAL FEE:$0
PRIZE RATE:1%-2% Cashback
FIRST OFFER:$200
REASONS WE LIKE IT
For its unadulterated value and straightforwardness, the venerable Citi® Double Cash Card – 18 month BT offer earns high marks: you gain 2% cash back on every transaction (1% when you make it and 1% when you pay it off). Get a terrific rewards rate on EVERYTHING while shopping as you normally would.
CONS & PROS
Pros
• There are no spending restrictions or bonus categories to keep track of. The best rate on a card with no annual fee is likely the combined 2% rate on all purchases.
Cons
• Various cards provide higher cash back percentages for particular categories. A $25 minimum cash back redemption is required.
PRODUCT INFORMATION
Earn unlimited 1% cash back when you buy things, plus an extra 1% as you pay for them to earn 2% on every purchase.
• For a limited time, after spending $1,500 on purchases during the first six months of opening your account, you’ll receive $200 in cash back.
• For a limited time, there is a 0% introductory APR on balance transfers. After that, depending on your creditworthiness, the variable APR will range from 16.24% to 26.24%.
* Balance transfers don’t qualify for cash rewards. Purchases are not subject to the intro APR.
• If you transfer a balance, interest on your purchases will be incurred unless you pay off your whole balance (including balance transfers) by the due date every month.
• Within the first 4 months after account opening, there is an introductory balance transfer fee of 3% of each transfer (minimum $5). After that, each transfer will incur a cost of 5% (minimum $5).
Capital One SavorOne Cash Rewards Credit Card
ANNUAL FEE:$0
PRIZE RATE:1%-8% Cashback
FIRST OFFER:$200
REASONS WE LIKE IT
The Capital One SavorOne Cash Rewards Credit Card, which has no annual fee, provides foodies an unbeatable (and uncommon) combination of high rates on dining AND grocery shopping.
CONS & PROS
Pros
• You can get 8% cash back on Capital One Entertainment purchases and 3% cash back on eligible eating, grocery, streaming, and entertainment purchases. 1% of all other purchases are reimbursed. In addition, there is a sizable sign-up bonus and an introductory APR offer. That is a lot of value for a card with no yearly charge.
Cons
• You might perform better with a card that focuses on one of those areas if your expenditure is more concentrated in one food category than the other, such as eating out or cooking at home.
PRODUCT INFORMATION
. After spending $500 on purchases during the first three months after account opening, receive a one-time $200 cash incentive.
• Earn up to 3% cash back on all dining, entertainment, and grocery store purchases (but not at superstores like Walmart® and Target®), plus an additional 1% on all other transactions.
• Get the lowest deals from Capital One on thousands of travel alternatives when you book hotels and rental vehicles with Capital One Travel. Rules apply
• At Vivid Seats, get 8% cash back on Capital One Entertainment purchases and tickets.
• No rotating categories or sign-ups are required to get cash rewards, and there is no cap on the amount you may earn or how long the cash back will last.
• APR on purchases and debt transfers is 0% for the first 15 months; thereafter, the APR ranges from 16.49% to 26.49% and there is a 3% fee on transfers made within the first 15 months.
• There is no foreign transaction fee
• No yearly charge
American Express Blue Cash Preferred® Card
ANNUAL FEE:$95
PRIZE RATE: 1%-6% Cashback
FIRST OFFER:$350
REASONS WE LIKE IT
Although the Blue Cash Preferred® Card from American Express has a hefty annual fee for a cash-back card, the excellent rewards rates will more than make up for it for families who spend a lot on groceries, petrol, transportation, and streaming.
CONS & PROS
Pros
• This card has long been a NerdWallet favorite because to its 6% cash back rate at American supermarkets (on up to $6,000 in annual expenditure, then 1%) and its 3% rate at American petrol stations. Additionally, you now receive 6% cash back on a few U.S. streaming services and 3% cash back on public transportation, which includes taxis, rideshares, parking, tolls, trains, and buses. 1% of all other purchases are reimbursed. The welcome bonus offer further enhances the allure.
Cons
• The yearly charge may be a deal-breaker for some people, but if you spend just $31 a week at the grocery store, the incentives will more than make up for the cost. But if you don’t spend a lot on groceries, this card is clearly not for you. Instead, think about American Express’s Blue Cash Everyday® Card, which has no annual fee but offers fewer benefits.
PRODUCT INFORMATION
• After making $3,000 in purchases with your new Card during the first six months, you’ll receive a $350 bill credit.
Balance Transfer has returned! Enjoy 0% introductory APR on purchases and balance transfers for a full year following the creation of your account. After that, your APR will fluctuate between 16.99% and 27.99%.
• Buy Now, Pay Later: When you utilize Plan It® to break up major purchases into monthly installments, you can save $0 initial plan fees. On plans created within the first 12 months of the account opening date, there are no Plan It costs to pay. After that, depending on the length of the plan, the APR that would otherwise be applicable to the purchase, and other considerations, plans made after that will have a fixed monthly plan cost up to 1.33% of each purchase amount put into a plan.
• Up to $6,000 in annual purchases at U.S. supermarkets get 6% Cash Back (after that, 1%).
• 6% Cash Back on specific US streaming services.
• 3% Cash Back on transit (including taxis/rideshare, parking, tolls, trains, buses, and more) and at petrol stations in the United States.
• 1% Cash Back on any additional purchases.
• Reward Dollars, which may be redeemed for a statement credit, are the form of Cash Back that is received.
• Have you considered purchasing The Disney Bundle, which combines Disney+, Hulu, and ESPN+? Your choice is made simple when you receive a bill credit for $7 per month after using your Blue Cash Preferred Card to pay $13.99 or more each month for a qualifying membership. enrollment is necessary.
Citi Custom Cash℠ Card
• Annual Fee of $95
ANNUAL FEE:$0
PRIZE RATE:1%-5% Cashback
FIRST OFFER:$200
REASONS WE LIKE IT
The Citi Custom CashSM Card, which has no annual fee, provides something special in its class: automatic 5% rewards based on your spending that don’t need to be “activated” or tracked against a bonus calendar. Rules apply.
CONS & PROS
Pros
• The card automatically earns 5% back on up to $500 in eligible top spending categories each billing cycle. 1% of all other purchases are reimbursed. Popular product lines including restaurants, supermarkets, gas stations, and a wide range of other businesses are among the 5% eligible categories. And that rate is automatically applied; it is based on your spending.
Cons
• Keep in mind that the $500 monthly spending limit for the 5% rewards rate means that the maximum you may earn in a bonus category each month is $25. Take note of the low rewards rate in the categories other than your one bonus for the month.
PRODUCT INFORMATION
• After spending $1,500 on purchases within the first six months of opening your account, you’ll receive $200 in cash back. 20,000 ThankYou® Points, which may be exchanged for $200 in cash back, will be the form in which this bonus offer is delivered.
• 15 months of 0% introductory APR on purchases and balance transfers. After that, depending on your creditworthiness, the variable APR will range from 16.24% to 26.24%.
• Each billing cycle, get 5% cash back on purchases in your top qualified spend category, up to the first $500 spent, and 1% cash back on all other purchases. Earn 1% cash back on all additional purchases indefinitely.
• There are no rotating bonus categories to register for because your earnings are adjusted automatically when you spend in any of the qualifying areas each billing cycle as your spending changes.
• No yearly charge
Citi will only offer each individual with one Citi Custom CashSM Card account.
Discover it® Cash Back
ANNUAL FEE:$0
PRIZE RATE:1%-5%Cashback
FIRST OFFER:Money Back Match
REASONS WE LIKE IT
You can receive 5% cash back on purchases up to $1,500 in activated categories each quarter. Unlike some cards, the 5% categories cover areas where lots of people spend a lot of money. The Discover it® Cash Back does well as either an everyday card or a backup thanks to Discover’s exclusive bonus and a $0 annual fee.
CONS & PROS
Pros
• The top line items in many household budgets are frequently included in the 5% categories, such as groceries, dining out, and Amazon.com. You receive 1% on all other purchases (i.e., purchases made outside of bonus categories and purchases made within bonus categories that exceed the $1,500 quarterly limit when you enroll). Additionally, this card gives you control over your new cardmember benefit. The bonus increases as you use the card more frequently.
Cons
• It can be a nuisance to activate the bonus categories every quarter. You lose the 5% if you forget. Some people might not fit well into the categories. Your bonus is also delayed by a year.
PRODUCT INFORMATION
• introductory offer: just from Discover, get unlimited cashback matching. At the end of your first year, Discover will automatically double all the cash back you’ve earned! There is no minimum or maximum prize amount. You could exchange $150 in cash for $300.
• Up to the quarterly maximum when you activate, get 5% cash back on regular purchases at various locations every quarter, including Amazon.com, supermarkets, restaurants, petrol stations, and when you pay with PayPal. Additionally, automatically receive limitless 1% cash back on all other purchases.
• NEW! Your personal information can be deleted by Discover from some people-search websites. Free activation with a smartphone app.
• You can redeem $1 for every $1 in cash back that you earn.
• 15 months of 0% introductory APR on purchases. Then, dependent on credit eligibility, a Standard Variable Purchase APR of 14.24% to 25.24% is applicable.
• No yearly charge.
• To view the terms & conditions, click “Apply Now.”
Chase Freedom Flex℠
ANNUAL FEE: $0
PRIZE RATE:1%-5% Cashback
FIRST OFFER:$200
REASONS WE LIKE IT
With a large welcome bonus for new cardholders, the Chase Freedom FlexSM offers rewards as high as 5% in select areas (some of which vary quarterly and some of which don’t). It’s a rich card if you’re ready to put in a little effort.
CONS & PROS
Pros
• On up to $1,500 in quarterly spending, this card offers 5% cash back in rotating bonus areas. It also offers 5% cash back on travel booked via Chase, 3% cash back at restaurants and drugstores, and 1% cash back on all other transactions. Earn a $200 bonus after spending $500 on purchases during the first three months of opening your account if you’re a new cardholder.
Cons
• It can be troublesome to have to choose to participate in the bonus categories each quarter. Restaurants were completely removed from the rotation (although eating is now a permanent 3% category), and gas stations were added for two quarters of the year. The rotating 5% categories may not be suitable for everyone and have recently skewed a bit toward lower-spending sectors.
PRODUCT INFORMATION
• After spending $500 on purchases within the first three months of creating your account, you’ll receive a $200 bonus.
• Up to $1,500 in total cash back per quarter on purchases in bonus areas. every quarter, enjoy new 5% categories!
• Chase Ultimate Rewards®, our top rewards program that allows you to exchange points for cash back, travel, gift cards, and more, offers 5% cash back on travel purchases.
• Unlimited 1% cash back on all other purchases, 3% cash back at pharmacies and restaurants, including takeout and qualified delivery services.
No minimum is required to redeem cash back. The majority of U.S. bank and savings accounts allow you to select between receiving a statement credit and direct deposits. As long as your account is active, Cash Back rewards never expire!
• Purchases and balance transfers get a 0% introductory APR for 15 months after the account is opened. Thereafter, the APR ranges from 17.24% to 25.99%.
• No annual fee – Your Freedom FlexSM card comes with tons of great features without charging you an annual fee.
• Monitor the state of your credit – Chase Credit Journey offers free access to your most recent score, real-time alerts, and other tools to help you keep an eye on your credit.
U.S. Bank Cash+® Visa Signature® Card
- ANNUAL FEE:$0
- PRIZE RATE:1%-5% Cashback
- FIRST OFFER:$200
REASONS WE LIKE IT
The United States’ distinctive rewards program It is a potentially lucrative choice for those who don’t mind (or even love) actively monitoring their credit card accounts thanks to the Bank Cash+® Visa Signature® Card.
CONS & PROS
Pros
• A category card that rotates, but with a twist—you choose the additional categories. Up to $2,000 in combined spending per quarter earns you 5% cash back in two categories of your choice (beyond that, 1%); unlimited 2% cash back in a “everyday” category of your choice; and 1% elsewhere. There is a sizable sign-up bonus, and there is no annual charge.
Cons
• Rotating category cards require work, and this one requires additional work because you have to choose your categories every three months. If you don’t, you’ll only get paid 1%. You can have problems maximizing bonus points because the 5% categories tend to be more specialized than on comparable cards.
PRODUCT INFORMATION
• New! After making $1,000 in qualifying purchases within the first 120 days of account opening, you’ll receive a $200 incentive.
• Each quarter, you’ll receive 5% cash back on your first $2,000 in combined qualified purchases across two categories of your choice.
• 5% cash back on prepaid reservations for flights, hotels, and cars made through the Rewards Travel Center
• 2% cash back on one regular category, such as grocery stores, restaurants, and gas stations with EV charging stations.
• One percent cash back on all other qualifying purchases
• For the first 15 billing cycles, purchases and balance transfers have a 0% intro APR. A variable APR, ranging from 17.49% to 27.49%, will thereafter apply.
• No yearly charge
• Spread out your payments by dividing U.S.-eligible purchases for $100 or more into equal monthly payments. ExtendPayTM by the bank.
• There are terms and conditions.
Bank of America® Customized Cash Rewards credit card
- ANNUAL FEE:$0
- PRIZE RATE:1%-3% Cashback
- FIRST OFFER:$200
REASONS WE LIKE IT
The Bank of America® Customized Cash Rewards credit card combines a sizable sign-up bonus (see the product information tab) with a partially customizable rewards program that allows you to select which transactions will result in the best cash-back rate.
CONS & PROS
Pros
• For a cash-back card with no annual fee, the bonus offer is generous. On up to $2,500 in combined expenditure in those categories each quarter, you’ll receive 2% cash back at grocery shops and wholesale clubs and 3% cash back in the category of your choice. For all other purchases, 1% cash back is given. (The 3% possibilities include petrol, eating out, traveling, buying online, visiting drugstores, or purchasing home furnishings; you can modify your mind once every month.)
Cons
• The structure of the prizes is a little convoluted. You may be able to earn more rewards with a straightforward flat-rate card that pays an unlimited 1.5% or 2% on everything because the amount of spending that is eligible for the 3% and 2% rewards is limits.
PRODUCT INFORMATION
• A $200 online cash rewards bonus once you spend $1,000 or more during the first 90 days of creating your account.
Earn 3% cash back on purchases in your preferred category, 2% at wholesale clubs and grocery shops automatically (up to $2,500 in total quarterly sales at these locations), and an unlimited 1% on all other transactions.
• If you belong to Preferred Rewards, you can increase your cash-back earnings on every transaction by 25% to 75%. This means that on purchases in your preferred category, you might receive 3.75%–5.25% cash back.
• Rewards have no time limit and no annual charge.
• Extended intro period new! For purchases and any debt transfers performed in the first 60 days, there is a 0% introductory APR for the first 18 billing cycles. 16.24% – 26.24% Variable APR will be in effect after the intro APR offer expires. All balance transfers are subject to a 3% fee (minimum of $10).
• Contactless Cards – These cards combine the convenience of a tap with the security of a chip card.
• Should you navigate away from this page or go to a Bank of America financial center, this online-only offer might no longer be valid. When you apply right away, you can benefit from this deal.
Blue Cash Everyday® Card from American Express
ANNUAL FEE:$0
PRIZE RATE:1%-3% ashback
FIRST OFFER:$200
REASONS WE LIKE IT
The Blue Cash Everyday® Card from American Express, which has been updated with new advantages including larger rewards in some of the most popular spending categories, is a solid option for fee-averse families.
CONS & PROS
Pros
• The card offers 3% cash back on purchases made at U.S. supermarkets, U.S. gas stations, and U.S. internet retailers totaling up to $6,000 each year. 1% of other purchases result in cash back. Among other advantages, there is a fantastic 0% introductory APR period and a potent welcome incentive. Furthermore, the yearly price is an unbeatable $0. Rules apply.
Cons
• The maximum bonus prizes in each category. Even after subtracting the annual fee, many households that spend a lot on food and streaming will benefit more from having the Blue Cash Preferred® Card from American Express.
PRODUCT INFORMATION
• After making $2,000 in purchases with your new Card in the first six months, you’ll receive a $200 statement credit.
• No yearly charge.
Balance Transfer has returned! For 15 months after the account activation date, take advantage of 0% introductory APR on purchases and balance transfers. 16.99% to 27.99% variable APR follows.
• 3% Cash Back at American supermarkets on up to $6,000 worth of purchases annually; beyond that, 1%.
• New! 1% Cash Back after $6,000 in Cash Back on U.S. online retail purchases.
• Up to $6,000 in annual cash back at U.S. petrol stations, followed by 1%.
• Use your Blue Cash Everyday® Card to purchase an eligible subscription to The Disney Bundle, which includes Disney+, Hulu, and ESPN+, and spend $13.99 or more each month. You will then receive $7 back each month. enrollment is necessary.
Conditions Apply.
Capital One Quicksilver Cash Rewards Credit Card
ANNUAL FEE:$0
PRIZE RATE:1.5%-5% Cashback
FIRST OFFER:$200
REASONS WE LIKE IT
Despite a barrage of rivals, the original 1.5% cash-back credit card is still dominating the market. The Capital One Quicksilver Cash Rewards Credit Card is a compelling combination of cash-back rate, sign-up bonus, introductory 0% APR offer, and redemption flexibility that is unmatched by other cards.
CONS & PROS
Pros
• You can always receive 1.5% cash back on purchases, and there is no minimum amount for when you can use your cash back. New cardholders benefit from a fantastic 0% introductory APR on purchases. Don’t overlook the sign-up bonus as well, which is a one-time $200 cash incentive after $500 in purchases within three months of account setup.
Cons
• This card excels at simplicity, but with a little extra work, you can get better cash back with other options, particularly ones with bonus categories.
PRODUCT INFORMATION
• $200 one-time cash incentive following $500 in purchases made within three months of account creation
• Daily, limitless 1.5% cash back on all purchases
• There are no yearly or foreign transaction fees.
• Get the lowest deals from Capital One on thousands of travel alternatives when you book hotels and rental vehicles with Capital One Travel. Rules apply
• No rotating categories or sign-ups are required to get cash rewards, and there is no cap on the amount you may earn or how long the cash back will last.
• 15.49%-26.49% variable intro APR on purchases and debt transfers after that; 3% charge on transfers made within the first 15.4 months.
Bank of America® Unlimited Cash Rewards credit card
ANNUAL FEE:$0
PRIZE RATE: 1.5% Cashback
FIRST OFFER:$200
REASONS WE LIKE IT
The Bank of America® Unlimited Cash Rewards credit card has no annual fee, and it earns a flat rate on all purchases. If you qualify for the Bank of America® Preferred Rewards program, you can increase that rate even more.
CONS & PROS
Pros
• The card offers a straightforward, industry-standard 1.5% cash back return on all purchases, which is unlimited. It also provides bonuses, such as a sign-up bonus and an introductory APR on purchases and debt transfers.
Cons
• A 1.5% rewards rate has recently become the norm. Numerous cards with higher rewards rates are available.
PRODUCT INFORMATION
• A $200 online cash rewards bonus once you spend $1,000 or more during the first 90 days of creating your account.
• Get 1.5% cash back on all transactions, without limits.
• If you belong to Preferred Rewards, you can increase your cash-back earnings on every transaction by 25% to 75%. Accordingly, you might use Preferred Rewards to receive 1.87%–2.62% cash back on each purchase.
• No yearly charge.
• You can earn as much cash back as you like, and your rewards never expire.
• Extended intro period new! For purchases and any debt transfers performed in the first 60 days, there is a 0% introductory APR for the first 18 billing cycles. 16.24% – 26.24% Variable APR will be in effect after the intro APR offer expires. All balance transfers are subject to a 3% fee (minimum of $10).
• Contactless Cards – These cards combine the convenience of a tap with the security of a chip card.
• Should you navigate away from this page or go to a Bank of America financial center, this online-only offer might no longer be valid. When you apply right away, you can benefit from this deal.