The Ultimate Guide to Credit Cards
Tuesday, July 14, 2020

18 Best Cash Card Reviews

18 Best Cash Card Reviews

credit card advice

Eric Bank
By: Eric Bank
Posted: December 3, 2019
Advertiser Disclosure

In these cash card reviews, we examine several categories of cash back credit cards. Whether you have a good, fair, or poor credit score, we can recommend several cards that may be perfect for your needs. We also cover cards for students and businesses.

If you are a fan of cash back rewards, read on to discover the cream of the crop.

Good Credit | Fair Credit | Bad Credit | Students | Business

Cash Card Reviews for Good Credit (670+ FICO Score)

Scores above 670 are considered “good” on the FICO Score range. The cards in this category offer generous cash back rewards and plenty of other perks.

  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No annual fee
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% 15 Months
N/A
14.99%–23.74% Variable
$0
Good/Excellent

The Chase Freedom Unlimited® lets you earn unlimited 1.5% cash back on all purchases, every day. You can earn bonus cash by spending the specified amount on purchases during the first three months after opening the account.

The cash back rewards don’t expire as long as the account remains open, and there is no minimum redemption amount. There is a 0% APR on purchases and balance transfers (fees apply) during an introductory period.

2

Discover it® Cash Back

This card is currently not available.

Cash Back Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Discover it® Cash Back card has quarterly rotating categories of merchants that, when activated, can earn cardholders bonus cash back. The rotating categories include grocery stores, gas stations, restaurants, Amazon.com, and more.

3

Capital One® Savor® Cash Rewards Credit Card

This card is currently not available.

Cash Back Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Capital One® Savor® Cash Rewards Credit Card offers unlimited 4% cash back on dining and entertainment spending, 2% at grocery stores, and 1% on all other purchases. You can qualify for a cash bonus if you spend the required amount during the first three months after opening the account.

The card imposes no foreign transaction fees and waives the annual fee for the first year. Rewards don’t expire while the account remains open, and you can redeem cash back in any amount.

4

Capital One® SavorOne® Cash Rewards Credit Card

This card is currently not available.

Cash Back Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Capital One® SavorOne® Cash Rewards Credit Card lets you earn unlimited 3% cash back on entertainment and dining, 2% at grocery stores, and 1% on all other purchases. The card charges no annual or foreign transaction fee and offers a one-time cash bonus to new cardmembers who spend the required amount during the first three months.

You also get a 0% APR on purchases and balance transfers (fees apply) during an introductory period after opening the account.

5

Capital One® Quicksilver® Cash Rewards Credit Card

This card is currently not available.

Cash Back Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Capital One® Quicksilver® Cash Rewards Credit Card is a good choice for consumers who want a simple cash back system. You earn unlimited 1.5% cash back on all purchases and pay no annual or foreign transaction fees.

There is a one-time cash bonus available after you spend the required amount during the first three months. Purchases and balance transfers during the introductory period have a 0% APR for new cardholders.

6

Discover it® chrome

This card is currently not available.

Cash Back Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Discover it® chrome rewards cardholders specifically for purchases at gas stations and restaurants. You can redeem your cash back rewards in any amount and at any time. Rewards never expire as long as the account is open.

CASH BACK RATING

★★★★★
4.5

OVERALL RATING

5.0/5.0
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • Unlimited 1% cash back on all other purchases - it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 14.99 - 23.74%.
  • 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5.
  • No annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 15 months
0% Intro APR on Balance Transfers 15 months
14.99% - 23.74% Variable
$0
Good/Excellent

The Chase Freedom® card offers you 5% cash back on up to $1,500 in quarterly purchases in rotating merchant categories that you activate each quarter. All other purchases earn an unlimited 1% cash back. You can earn a cash bonus by spending the required amount on purchases during the first three months.

The card offers 0% APR on purchases and balance transfers to new cardmembers during an introductory period. Chase Freedom® charges no annual fee, and rewards do not expire as long as the account remains open.

Cash Card Reviews for Fair Credit (580-669 FICO Score)

You have fair credit if your FICO score falls between 580 and 669. Although the credit cards in this group do not offer the best rewards, they still provide cash back and other benefits that may surprise you.

8

Capital One® QuicksilverOne® Cash Rewards Credit Card

This card is currently not available.

Cash Back Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Capital One® QuicksilverOne® Cash Rewards Credit Card provides you unlimited 1.5% cash back on every purchase, every day. You can use this card to help improve your credit score by paying your bills on time.

The card may offer you a higher credit limit if you make your first five payments on time. You have access to the CreditWise® app that allows you to monitor your credit profile. This card comes with $0 fraud liability on stolen or lost cards.

Credit One Bank® Visa® Credit Card with Cash Back Rewards Review

at Credit One'ssecure website

CASH BACK RATING

★★★★
4.0

OVERALL RATING

3.8/5.0
  • Qualified applicants will receive exclusive benefits such as 1% cash back rewards on all purchases, no annual fee, and a competitive APR. Terms apply.
  • Manage your account quickly and easily from your mobile device by using the Credit One Bank mobile app.
  • Use your Apple device to make purchases securely through Apple Pay®. Apple Pay is a registered trademark of Apple, Inc.
  • Your account is safeguarded against unauthorized charges with Zero Fraud Liability at no additional charge.
  • Take advantage of free online access to your Experian credit score and credit report summary so you can track the key factors impacting your credit health. Terms apply.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
17.99% to 23.99% Variable
$0 - $99
Fair

The Credit One Bank® Visa® Credit Card allows you to earn 1% cash back on eligible purchases. You can earn 1.1% cash back from participating merchants.

The annual fee may be waived for the first year if you qualify. The initial credit limit may be increased based on your overall credit performance. You get free online access to your Experian credit score and $0 fraud liability for lost or stolen cards.

Cash Card Reviews for Bad Credit (<580 FICO Score)

Your credit is considered bad if your FICO score is below 580. The following secured credit card is among the very few that offer cash back rewards to folks with bad credit.

10

Discover it® Secured

This card is currently not available.

Cash Back Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Discover it® Secured card allows you to build your credit score when used responsibly. Your refundable security deposit serves as your credit limit. Another stand-out feature of this card is its cash back rewards, something you won’t find offered on most secured cards.

Cash Card Reviews for Students

There’s no better way for young people to learn about credit than to get a student credit card. The following three cards offer cash back rewards and other perks for college and beyond.

11

Discover it® Student Cash Back

This card is currently not available.

Cash Back Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Discover it® Student Cash Back card offers bonus cash back at a roster of rotating merchants, including grocery stores, gas stations, restaurants, Amazon.com. You must activate the new merchant category each quarter to earn these rewards.

Also, students can earn a good grade award for high marks each school year.

12

Discover it® Student chrome

This card is currently not available.

Cash Back Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Discover it® Student chrome rewards students with cash back for purchases made at gas stations and restaurants. All other purchases earn a lesser reward rate.

Students can earn a good grade reward in the form of statement credit for a set number of years. The card also monitors the Dark Web for your Social Security number.

13

Journey® Student Rewards from Capital One®

This card is currently not available.

Cash Back Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Journey® Student Rewards from Capital One® charges no annual fee and provides 1% cash back on all purchases. If you pay on time, you can boost your cash back to 1.25% for the month.

By using the card responsibly, you can build your credit because your transactions are reported to a national credit bureau. The card charges no annual fee.

Cash Card Reviews for Businesses

Businesses often use their credit cards for heavy spending on supplies, transportation, entertainment, and equipment. That makes business cash back cards especially rewarding.

Ink Business Cash℠ Credit Card Review

at the issuer'ssecure website

CASH BACK RATING

★★★★★
4.8

OVERALL RATING

4.6/5.0
  • Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
  • Earn 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
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • Earn 1% cash back on all other card purchases with no limit to the amount you can earn
  • 0% introductory APR for 12 months on purchases
  • Chase is not an affiliate partner with CardRates and does not review editorial content on our site
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 12 months
N/A 12 months
13.24% - 19.24% Variable
$0
Good/Excellent

The Ink Business CashSM Credit Card from Chase earns you 5% cash back on the first $25,000 spent each anniversary year on combined purchases at office supply stores and providers of internet, phone, and cable services. You earn 2% cash back on the first $25,000 spent each anniversary year on combined purchases at restaurants and gas stations. All other purchases earn 1% cash back.

The card offers a cash back bonus when you spend the required amount during the first three months after opening the account. You can add employees as authorized users on the card.

15

Capital One® Spark® Cash for Business

This card is currently not available.

Cash Back Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Capital One® Spark® Cash for Business provides an unlimited 2% cash back on all purchases. Free employee cards also earn the 2% cash back. You can earn a bonus reward for the specified amount of purchases during the introductory period after opening the account.

The annual fee is waived for the first year, and you get $0 fraud liability for stolen or lost cards. There are no foreign transaction fees.

16

Capital One® Spark® Cash Select for Business

This card is currently not available.

Cash Back Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Capital One® Spark® Cash Select for Business gives you 1.5% cash back on every purchase. You can add employees for free and collect 1.5% cash back on all of their purchases.

New cardmembers can receive a cash bonus for spending a set amount within three months of opening the account. Purchases made during an introductory period are charged a 0% APR. The card has no annual fee and offers many business-related benefits.

CASH BACK RATING

★★★★★
4.7

OVERALL RATING

4.6/5.0
  • Earn $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase made for your business
  • 0% introductory APR for 12 months on purchases
  • Employee cards at no additional cost
  • No Annual Fee
  • Chase is not an affiliate partner with CardRates and does not review editorial content on our site
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 12 months
N/A 12 months
13.24% - 19.24% Variable
$0
Good/Excellent

The Ink Business UnlimitedSM Credit Card lets you earn unlimited 1.5% cash back on all purchases with no annual fee. You can earn a cash bonus for spending the specified amount on purchases during the first three months.

In addition, you get a 0% APR on purchases for the introductory period. Employee cards are free, and you can redeem your cash back at Chase Ultimate Rewards®.

18

Capital One® Spark® Classic for Business

This card is currently not available.

Cash Back Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Capital One® Spark® Classic for Business offers unlimited 1% cash back on every purchase, every day. It charges no annual or foreign transaction fees. You can add employees at no extra cost and earn 1% cash back on their purchases as well.

Using the card responsibly can help you build your business’ credit. You receive $0 fraud coverage if your card is lost or stolen.

How Does a Cash Back Card Work?

Cash back cards rebate you a percentage of your spending on purchases. The percentage can be fixed for all purchases or can vary for purchases at selected merchants. There are three cash back variations:

  1. Rotating categories: These cards provide an elevated cash back percentage on select merchant types that revolve every quarter. For example, in one quarter the card may pay elevated cash back on purchases at grocery stores and then switch to purchases at gas stations in the next quarter. The amount of spending that earns the higher rate each quarter may be limited. You must activate your higher rewards every quarter. All other purchases earn rewards at a lower fixed rate, typically 1%. Examples of rotating cash back cards include the Chase Freedom® and Discover it® Cash Back.
  2. Tiered categories: In this variation, credit cards offer high, medium, and low cash back percentages for purchases at different merchant categories. The categories do not revolve. For example, a card may offer high rewards for purchases at restaurants, medium rewards at gas stations, and low rewards on all other purchases. The higher rewards may be limited to a set amount of spending for the quarter or may be unlimited. The low reward level is always unlimited. Examples of cash back cards with tiered categories include the Capital One® Savor® Cash Rewards Credit Card and the Capital One® SavorOne® Cash Rewards Credit Card.
  3. Fixed category: The card pays a fixed, flat-rate percentage of cash back on all purchases. The percentage is usually in the 1% to 2% range and is unlimited. This kind of card appeals to consumers who want a simple cash back scheme that applies to all purchases. Examples of flat-rate cash back cards include the Chase Freedom Unlimited® and the Capital One® Quicksilver® Cash Rewards Credit Card.

Normally, revolving, and tiered rewards are offered by cards for consumers with better credit scores, while fixed rewards can span all types of credit.

Types of Cash Back Credit Cards

Once you receive your cash back rewards, you can apply them to your statement balance as a credit, have the money transferred to a bank account, or have a check mailed to you, among other options. This effectively lessens the price of everything you buy using a cash back card. Check with the issuer to see its specific redemption options.

What Credit Card Gives the Most Cash Back?

Several cards give you 5% cash back on select merchant categories that revolve each quarter. However, the amount of spending that earns the 5% cash back is limited to $1,500 per quarter.

Therefore, the maximum amount you can earn at the high rate is (4 x 0.05 x $1,500), or $300. These cards pay 1% cash back on all other purchases. Cards in this category include the Chase Freedom®, Discover it® Cash Back, and Discover it® Student Cash Back.

Let’s assume you spend $20,000 on purchases during the year and you earn the maximum amount on each category. Your total reward will be 5% of $6,000 plus 1% of $14,000, or $440.

The Discover it® Cash Back and the Discover it® Student Cash Back are the leading cards in this category, at least for the first year. That’s because of Discover’s competitive year-end bonus for new cardholders.

Therefore, in our example case of $20,000 in spending, you could earn twice the $440 reward, or $880, but for the first year only.

The Ink Business Cash℠ Credit Card from Chase pays 5% cash back on combined purchases at selected merchants, up to spending of $25,000 per year. Purchases at other selected merchants provide 2% cash back, while the remainder earns 1%.

If you assumed $20,000 in spending at the top category of merchants, the cash back reward would be $1,000, clearly the most cash back. However, if your total credit card spending was $20,000, then it’s likely it will span a variety of merchants, thereby reducing the overall cash back amount.

For example, if you spend $5,000 at merchants in the 5% group, $5,000 at the 2% group and $10,000 at the 1% group, you’d receive ($250 + $100 + $100), or $450. As they say on TV, your results will vary.

The Capital One® Savor® Cash Rewards Credit Card earns an unlimited 4% cash back on dining and entertainment, 2% at grocery stores, and 1% on all other purchases. If you happened to spend all $20,000 on dining and entertainment, you could earn $800 cash back.

A more realistic example of $5,000 spent at 4% merchants, $5,000 spent at 2% merchants, and $10,000 spent at 1% merchants would earn ($200 + $100 + $100), or $400 per year in cash back.

What Kinds of Cash Back Cards Are Available?

In this review, we encounter the following types of cash back rewards:

  1. Good Credit: These are cards that are geared toward consumers with credit scores above 670, including the Capital One® Savor® Cash Rewards Credit Card, Discover it® Cash Back, Capital One® Savor® Cash Rewards Credit Card, Capital One® SavorOne® Cash Rewards, Capital One® Quicksilver® Cash Rewards, Discover it® chrome, and the Chase Freedom®.
  2. Fair Credit: These cards are targeted toward consumers with credit scores between 580 and 669. This group includes the Capital One® QuicksilverOne® Cash Rewards Credit Card and the Credit One Bank® Visa®.
  3. Bad Credit: The Discover it® Secured offers cash back to consumers with credit scores below 580.
  4. Students: For college students and beyond, this group includes Discover it® Student Cash Back, Discover it® Student chrome, and the Journey® Student Rewards from Capital One®.
  5. Business: Businesses deserve rewards too, and this group includes Ink Business CashSM Credit CardCapital One® Spark® Cash for Business, Capital One® Spark® Cash Select for Business, Ink Business UnlimitedSM, and the Capital One® Spark® Classic for Business.

As you can see, there is a smorgasbord of choices, and chances are that at least one is perfect for you.

Cash Back Cards Are Available for All Credit Scores

Our cash card reviews give you the low-down on the best cash back credit cards for a variety of consumer segments. You can choose a cash back card based on your credit score or how you want to earn cash back rewards.

If you don’t mind chasing rotating categories, you can maximize your savings at a variety of merchants. If you want a simple, straightforward way to earn cash back, a flat-rate rewards card is a good option. Whatever you choose, use the card responsibly to build or maintain a good credit score.

Advertiser Disclosure

CardRates.com is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free, we receive compensation from many of the offers listed on the site. Along with key review factors, this compensation may impact how and where products appear across the site (including, for example, the order in which they appear). CardRates.com does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.