Best Cash Back Credit Cards: Maximize Your Rewards in 2023

Are you on the lookout for the best cash back credit cards in the market? You’re in the right place. With a plethora of options available, finding the ideal card to maximize your rewards can be overwhelming. Fret not, as we’ve curated a list of the top cash back credit cards that cater to different spending habits and reward preferences. Let’s dive in to find the perfect card for you.

No-Annual-Fee Champion: Citi Double Cash Card

If you’re seeking a straightforward and no-annual-fee cash back card, the Citi Double Cash Card should be at the top of your list. This card offers a flat 2% cash back on all purchases—1% when you buy and another 1% when you pay off your balance. There are no categories to keep track of or enrollment required, making this card an excellent choice for hassle-free rewards.

Key Features:

• 2% cash back on all purchases (1% when you buy, 1% when you pay)
• No annual fee
• 0% introductory APR on balance transfers for 18 months (then 14.24% – 24.24% variable APR)

Category King: Chase Freedom Flex

The Chase Freedom Flex card is perfect for those who want to maximize their cash back in specific categories. This card offers 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter, which changes periodically. You’ll also earn 5% on travel purchased through Chase Ultimate Rewards, 3% on dining and drugstore purchases, and 1% on all other purchases.

Key Features:

• 5% cash back on up to $1,500 in combined purchases in rotating bonus categories each quarter
• 5% cash back on travel purchased through Chase Ultimate Rewards
• 3% cash back on dining and drugstore purchases
• 1% cash back on all other purchases
• No annual fee

Flat-Rate Fanatic: Capital One Quicksilver Cash Rewards Credit Card

For those who prefer a simple flat-rate cash back card with no annual fee, the Capital One Quicksilver Cash Rewards Credit Card is an excellent choice. This card offers a flat 1.5% cash back on every purchase, every day, with no limit on the amount you can earn. Plus, you can redeem your rewards at any time with no minimums or expiration dates.

Key Features:

• 1.5% cash back on all purchases
• No annual fee
• 0% introductory APR on purchases and balance transfers for 15 months (then 15.24% – 25.24% variable APR)
• $200 cash bonus after spending $500 on purchases within the first 3 months of account opening

Grocery Guru: Blue Cash Preferred Card from American Express

If you spend a significant amount on groceries, the Blue Cash Preferred Card from American Express should be on your radar. This card offers a whopping 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) and on select U.S. streaming subscriptions. You’ll also earn 3% cash back at U.S. gas stations and on transit, plus 1% cash back on all other purchases.

Key Features:

• 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) and on select U.S. streaming subscriptions
• 3% cash back at U.S. gas stations and on transit (including taxis, rideshares, parking, tolls, and more)
• 1% cash back on all other purchases
• $95 annual fee
• 0% introductory APR on purchases for 12 months (then 14.24% – 24.24% variable APR)
• $300 statement credit after spending $3,000 on purchases within the first 6 months of account opening

Small Business Booster: Ink Business Cash Credit Card

For small business owners looking to earn cash back on their expenses, the Ink Business Cash Credit Card is a top contender. This card offers 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each account anniversary year. You’ll also earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, and 1% cash back on all other purchases.

Key Features:

• 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each account anniversary year
• 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
• 1% cash back on all other purchases
• No annual fee
• 0% introductory APR on purchases for 12 months (then 13.24% – 19.24% variable APR)
• $750 cash back after spending $7,500 on purchases within the first 3 months of account opening

Savvy Student Selection: Discover It Student Cash Back

For students aiming to build credit while earning cash back, the Discover it Student Cash Back card is an ideal choice. This card offers 5% cash back on up to $1,500 in combined purchases in rotating categories each quarter, which change periodically, and 1% cash back on all other purchases. Plus, Discover will match all the cash back you’ve earned at the end of your first year, automatically.

Key Features:

• 5% cash back on up to $1,500 in combined purchases in rotating categories each quarter
• 1% cash back on all other purchases
• No annual fee
• Discover will match all the cash back earned at the end of your first year
• Good Grades Rewards: Get a $20 statement credit each school year your GPA is 3.0 or higher, for up to the next 5 years

Conclusion

Finding the best cash back credit card depends on your spending habits and preferences. Whether you’re looking for a flat-rate rewards card, a card with rotating bonus categories, or one tailored to specific expenses like groceries or small business needs, there’s a perfect cash back card for you. Evaluate your spending patterns and choose a card that aligns with your lifestyle to maximize your rewards and enjoy the benefits of cash back on your everyday purchases.

Please note that the rates and fees mentioned in this article may change over time. Always refer to the issuer’s website for the most up-to-date information.