Update: Some offers mentioned below may have changed or are no longer available. View current credit card offerings from our partners at CardCritics Here or on the issuer’s website.
By Gabrielle Olya
- Top Rewards Rate
- Rewards Redemption Options
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Top Rewards Rate
Some cash-back credit cards will offer a flat rewards rate for all purchases, while others will offer higher rates for certain purchase categories. Before choosing a cash-back card, compare the rates offered for the type of purchases you make the most. Look for cards that offer a high rate in categories you spend on frequently to make the most out of your credit card rewards.
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If you’re looking for a no annual fee cash-back credit card, the cards with the highest rewards rates are Chase Freedom Unlimited, Chase Freedom Flex, U.S. Bank Cash+ Visa Signature Card, , Discover it Cash Back Card and the USAA Cashback Rewards Plus American Express Card. All of these cards offer 5% cash back on certain purchase categories.
Rewards Redemption Options
Cash-back credit cards typically give you rewards in the form of a statement credit, but some cards offer additional redemption options. Depending on your preference, you may want to choose a card that allows you to redeem your cash back in multiple ways.
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