Cash back credit cards earn a small percentage of your purchases back, redeemable in the form of statement credits, gift cards, direct deposits or more. Many of these cards earn cash back on eligible categories automatically, with some requiring quarterly activations to achieve the highest rate. The best cash back cards on the market offer high cash back rates and flexible reward categories, letting you earn anywhere from 1 percent to 6 percent cash back on common spending items, including travel, groceries, gas and more. Here are the best cash back cards on the market for May 2024.
1.Wells Fargo Active Cash® Card
2.Capital One SavorOne Cash Rewards Credit Card
3.Blue Cash Everyday® Card from American Express
4.Discover it® Cash Back
5.Citi Double Cash® Card
What is a cash back credit card?
Cash back credit cards reward you for eligible purchases by giving you a percentage of your purchase price back.
For example, if you have a credit card that earns 5 percent back on eligible purchases, and you make a $100 purchase, you’ll earn 5 dollars to your account.
The flexibility, simplicity and ongoing value of cash back cards make them one of the more popular types of credit cards on the market. Chances are if you frequently spend on groceries, gas or other essentials, there’s a cash back card that’s a great fit for your wallet.
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