2016's Best Cash Back Credit Cards

Below are our staff picks for 2016's top cash back credit cards. These cards reward users with cash back and rebates, often via a check or statement credit, for their qualified purchases:

Average APR
17.44%
Average Annual Fee
$9.80
Rate Trend
0.08%
since last month

Review Summary

Most of us use credit cards for day-to-day purchases, so why not earn cash back rewards with every swipe? This handy table breaks down all the top cash back credit card offers in one easy-to-follow summary. Simply click on your card of choice if you'd like to visit the issuer's official site.

Here are 2016's best cash back credit cards:

Best Cash Back Credit Cards 2016
Rank Card Name Feature Intro APR Expert Rating
1 Discover it® Cashback Match™ 1% cash back 0% for 14 months ★★★★★ 5.0
2 Chase Freedom Unlimited℠ 1.5% cash back 0% for 15 months ★★★★★ 5.0
3 Discover it® 18 Month Balance Transfer Offer 1% cash back 0% for 6 months ★★★★★ 4.9
4 Capital One® Quicksilver® Cash Rewards Credit Card $100 cash bonus 0% for 9 months ★★★★★ 4.9
5 Chase Freedom® 5% cash back 0% for 15 months ★★★★★ 4.9
6 Wells Fargo Cash Wise Visa® Credit Card 1.5% cash rewards 0% for 12 months ★★★★★ 4.8
7 Capital One® QuicksilverOne® Cash Rewards Credit Card 1.5% cash back N/A ★★★★★ 4.7
8 Capital One® Spark® Cash for Business $500 cash bonus N/A ★★★★★ 4.7
9 Capital One® Spark® Cash Select for Business $200 cash bonus 0% for 9 months ★★★★★ 4.7
10 Discover it® chrome 1% cash back 0% for 14 months ★★★★★ 4.5
11 Wells Fargo Propel American Express® Card Redeem points 0% for 15 months ★★★★★ 4.5
12 Discover it® for Students 1% cash back 0% for 6 months ★★★★ 4.4
13 Discover it® chrome for Students 1% cash back 0% for 6 months ★★★★ 4.3
14 Journey® Student Rewards from Capital One® 1% cash back N/A ★★★★ 4.3
15 Capital One® Spark® Classic for Business 1% cash back N/A ★★★★ 4.3
16 Credit One Bank® Unsecured Visa® Credit Card 1% cash back N/A ★★★★ 4.0
17 Credit One Bank® Visa® – No Deposit Required 1% cash back N/A ★★★★ 4.0
18 BuyPower Card from Capital One® 5% Earnings 0% for 12 months ★★★★ 4.0
19 Cadillac BuyPower Card from Capital One® 5% Earnings 0% for 12 months ★★★★ 4.0
20 Buick BuyPower Card from Capital One® 5% Earnings 0% for 12 months ★★★★ 4.0

More About: Cash Back Credit Cards

How a Cash Back Credit Card Works

Mike Randall
Finance Expert
How a Cash Back Credit Card Works
CardRates.com Guide: Cash Back Cards

With all of the reward credit cards out there, how do you choose which one will work best for you? How about just keeping it simple and choosing a cash back card? Cash back reward cards are a great way to save money and not have to worry about points, airline miles or other fancy rebates you may or may not keep track of. After all, everyone knows what to do with cash.

1.
Get money back for making a purchase

Cash back credit cards have been around for a long time and are still very popular today. Credit card issuers are competing with each other for your business and are trying to outdo the latest great offer from the other guys. What that means for consumers is a great rebate card and great terms.

Cash back rewards are just what they sound like. Many cash back credit cards offer a certain percentage of each purchase back each month based on where you use the card and what you buy. Many are now also offering 0% interest for up to a year or longer, along with no annual fee.

2.
They don't take much work

The advantage a cash back credit card has over other reward cards is they don’t require as much attention to take full advantage of the benefits. For example, some reward cards offer points you can use toward purchases and discounts. Of course, these “points” have an expiration date. There also are limitations to where and what you can use the points for.

Most of the cash back credit cards available today don’t require as much attention and will issue cash back on a regular basis. You can also choose to apply your cash back toward your monthly charges if you carry a balance.

3.
There are many to choose from

With all of the cash back credit cards out there, you should be able to find one that fits your needs. You should never need to pay an annual fee for a cash back card. You should look for a cash back credit card that offers a zero-interest introductory rate. Just be mindful of your rate after the intro period.

Credit card companies are trying hard to earn your business and offer some excellent rewards to do so. Some will even give you a signup bonus of $100 or more! Shop around and compare cash back cards for yourself – they may be just what you’re looking for.

Photo source: award-realty.com

Editorial Note: Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Mike Randall

* Advertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which CardRates.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CardRates.com does not include all credit card companies or all available credit card offers. See the credit card issuer's website for specific terms and conditions of each card.