Searching for the Best Cash Back Credit Cards for 2024?

If you’re not earning cash back on your credit card purchases, or shopping for the best cash back bonuses on cash back credit cards… you should be. Get started – compare and apply for cash back cards here. We like the Chase Freedom Unlimited® where you can get up to $300 cash back.

The benefits of using a cash back credit card

1. Earning cash back on purchases: The is the most obvious benefit of a cash back credit card. Where you can earn a percentage of cash back on your purchases, which can help you save money over time.
2. Flexible redemption options: Most cash back credit cards offer flexible redemption options, allowing you to redeem your cash back rewards for statement credits, gift cards, merchandise, or even direct deposits to your bank account. Make sure you verify this before you apply, but most allow this.
3. No annual fees: Many cash back credit cards do not charge an annual fee, which means you can enjoy the benefits of earning cash back without paying extra fees.
4. Additional benefits: Some cash back credit cards offer additional benefits, such as extended warranty coverage, travel insurance, and purchase protection.

Check out our favorite cash back credit card – Offered from Chase.

How do cash back credit cards work?

Cash back credit cards work by rewarding you with a percentage of cash back on eligible purchases. Some come with bonuses. Here’s how it typically works:

1. Many cash back credit cards offer a sign up or new card bonus where they give you a cash back bonus if you spend a certain amount within a certain timeframe. Example: spend $1,500 in the first 3 months get $200 bonus.
2. On top of the bonus, you earn cash back rewards on each purchase. For example the Citi Double Cash card features a 2% cash back offer, 1% on the purchase and another 1% after you pay for that purchase. Each card has their own unique cash back rewards programs.
3. As you make purchases on your cash back card, you earn cash back which can be redeemed for various things like gift cards, direct deposit to your bank, some do a paper check, statement credits (which deduct from your owed balance).