If you have been wondering for a long span of time how to save money on groceries and shopping you are in the right place. Cashback credit cards are considered the easiest way to save a huge chunk of money on gas stations, groceries, streaming services, and online shopping. Not only this cashback reward is one of the most flexible credit card rewards. Although gaining points on credit cards are also a good option but for that you need to carefully figure out how to redeem. But in case of cashback, you get real dollars for you to spent it anywhere.
This blog list down the 10 best cashback credit cards for 2024 that can get you greater rewards in all use cases. Depending upon the card you are using the cash-back rewards can be increased from 1% to 6% of the amount of each transaction. Each card has its own individual specifications but some cards pay single flat rate on all purchases while few pay higher rates in specific categories and lower on others. Without further ado let’s jump straight to the 10 best cashback credit cards for 2024.
Table of Contents
Quick Overview – 10 Best Cashback Credit Cards for 2024
- Chase Freedom Flex℠ – Overall best-rotating category cashback
- Chase Freedom Unlimited® – Best for bonus rewards and high ongoing rate
- Capital One SavourOne Cash Rewards Credit Card – Best Cashback for introductory purchase APR
- Wells Fargo Active Cash® Credit Card – Best flat-rate cash-back card with high incentives
- Discover it® Cash Back – Best for cashback match in the introductory period
- Discover it® Balance Transfer – Best cash back rewards for balance transfers
- Blue Cash Preferred® Card from American Express – Best for bonus rewards for groceries and gas stations
- Citi Custom Cash® Card – best for bonus rewards for categories tailored to your spending
- Bank of America Unlimited® Cash Rewards Credit Card – Best for flat rate cashback with multiple incentives
- Bank of America® Customized Cash Rewards Credit Card – Best for customizable rewards with category adjustment on monthly basis
Summary Table – 10 Best Cashback Credit Cards for 2024
| Rank | Best Cashback Credit Cards for 2024 | Best For | Rewards Rate | Annual Fee |
| 1 | Chase Freedom Flex℠ | Overall best-rotating category cashback | 5% cash back on rotating quarterly categories (capped at $1,500 in combined spending per quarter on up to 3 categories), then 1% on all other purchases. | $0 |
| 2 | Chase Freedom Unlimited® | Bonus rewards and high ongoing rate | 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% on dining at restaurants and takeout, and drugstores, 1.5% on all other purchases. | $0 |
| 3 | Capital One SavourOne Cash Rewards Credit Card | Greater Cashback for introductory purchase APR | 3% cash back on dining, entertainment, popular streaming services, select travel, and grocery stores, 1% on all other purchases. 0% intro APR on purchases for 15 months from account opening, then 18.24% – 29.99% Variable APR. | $0 |
| 4 | Wells Fargo Active Cash® Credit Card | Flat-rate cash-back card with high incentives | 2% cash back on all purchases. | $0 |
| 5 | Discover it® Cash Back | Cashback match in the introductory period | 5% cash back on rotating quarterly categories (capped at $1,500 in combined spending per quarter on up to 3 categories), then 1% on all other purchases. Double your cash back at the end of your first year, automatically. | $0 |
| 6 | Discover it® Balance Transfer | Cash back rewards for balance transfers | 5% cash back on balance transfers made within 3 months of account opening (up to $1,500), then 1% on all other purchases. 0% intro APR on balance transfers for 15 months, then 18.24% – 29.99% Variable APR. | $0 |
| 7 | Blue Cash Preferred® Card from American Express | Bonus rewards for groceries and gas stations | 6% cash back on U.S. super markets (on up to $6,000 per calendar year, then 1%), 3% cash back at U.S. gas stations (on up to $6,000 per calendar year, then 1%), 1% cash back on all other eligible purchases. | $0 for first year then $95 for next years |
| 8 | Citi Custom Cash® Card | Bonus rewards for categories tailored to your spending | 5% cash back on your top eligible spending category each billing cycle (up to $500 in combined purchases, then 1%), then 1% on all other eligible purchases. | $0 |
| 9 | Bank of America Unlimited® Cash Rewards Credit Card | Flat rate cashback with multiple incentives | 1.5% cash back on all purchases, plus a $200 cash back bonus after you make $1,000 in purchases in the first 3 months of account opening. Additionally, earn 1% cash back on rewards redeemed for travel, 25% more cash back on purchases when you redeem through the Bank of America® Travel Center, and a $100 annual statement credit for Global Entry or TSA PreCheck® enrollment. | $0 |
| 10 | Bank of America® Customized Cash Rewards Credit Card | Customizable rewards with category adjustment on monthly basis | 3% cash back on a category of your choice each quarter (capped at $2,500 in combined purchases per quarter on up to 3 categories), 2% cash back at grocery stores and wholesale clubs (on up to $2,500 per quarter), 1% cash back on all other purchases. | $0 |
10 Best Cashback Credit Cards for 2024 – Earn Greater Rewards
1. Chase Freedom Flex℠
Welcome Bonus: $200
Annual Fee: $0
Reward Rate: 1%-5%
Regular APR: 20.49% – 29.49%
Credit Card Score: Good to Excellent (700- 749)
The Chase Freedom Flex℠ tops up the list of best cashback credit cards for 2024 as it can aptly handle all your spending needs with an over-inflated price tag. The rewards are as high as 5% in certain categories that may or may not change quarterly. The card comes with $0 annual fees and can earn greater rewards in a wide array of expenses that include travel, drug store, and dining. Along with this, it has some quarterly bonus categories in areas where many households are more likely to spend. In brief, it offers generous rewards for new cardholders.
Product Details
- Get a bonus of upto $200 after you spend $500 in the first 3 months
- Being one the best cashback credit cards for 2024, it earn you 5% cashback on combined purchases of $1500 in each quarter
- Get 5% cash back on travel purchased through Premier rewards program and Chase Ultimate Rewards®
- Earn 3 % cash back on all drug store purchases and dining at restaurants and delivery services
- Earn 1% cash back on all other purchases
- No limit on the redemption of cash back. Using one of the top and best cashback credit cards for 2024, you can choose to directly deposit the money in the savings account or opt to receive the statement credit
- 0% introductory APR for 15 months from the time the account is opened and then variable APR of 20.49-29.49%
| Pros | Cons |
| Great welcome offer with no annual fee | Foreign transaction fee |
| Can earn up to 5% in bonus categories | Balance transfer fee is comparatively high |
| No minimum redemption amount |
2. Chase Freedom Unlimited®
Welcome Bonus: Upto$300 cash back
Annual Fee: $0
Reward Rate: 1.5%-6.5%
Regular APR: 20.49% – 29.49%
Credit Card Score: Good to Excellent (700- 749)
The Chase Freedom Unlimited® is a solid option for all those who spend a generous amount of money on big purchases. This card can earn bonus rewards on travel that is booked through Chase and is often regarded as the one-card solution with lucrative welcome bonus. With low introductory APR, you have to pay no annual fees for this card. Being in the list of the best cashback credit cards for 2024 the card holders can enjoy flexible rewards that can earn at least 1.5 % cash back on all purchases.
Product Details
- Get an additional bonus of 1.5% on all purchases when you spend $20,000 on the first year along with $300 cash back
- Earn 6.5% cash back on travel booked through Chase Ultimate Rewards and Premier Awards
- Enjoy 4.5% cash back on drugstore, dining and delivery services
- Earn 3% cash back on all other purchases after you spend $20,000 in the first year.
- No minimum limit to redeem cash back. The cash-back rewards don’t get expired unless until your account is opened.
- With one of the viable and best cashback credit cards for 2024, you can enjoy 0% introductory APR for a tenure of 15 months and then a variable APR of 20.49-29.49% is applicable.
| Pros | Cons |
| Best welcome bonus offer | Charges high foreign transaction fee |
| Unlimited 1.5% minimum cashback rate on all purchases | High balance transfer fee |
| No minimum redemption amount |
3. Capital One SavourOne Cash Rewards Credit Card
Welcome Bonus: $200 cash back
Annual Fee: $0
Reward Rate: 1%- 10 %
Regular APR: 19.99% – 29.99%
Credit Card Score: Good to Excellent (700- 749)
No matter whether you are cooking at home or dining out, this card can earn you solid cash back. Being one of the preferred and best cashback credit cards for 2024, it offers a competitive sign-up bonus. With this card you can earn 3% cash back on popular spending categories that include dining , entertainment, streaming services, and more. Even for the cash back bonus, it requires a relatively small amount of spending. The new card holders can benefit from the $200 cash back on spending $500 in 3 months.
Product Details
- With one of the best cashback credit cards for 2024 you can earn $200 cash bonus after spending a minimum amount of $500 in first 3 months
- Get 3% on entertainment, dining , streaming and at grocery stores ( excluding Walmart and Target)
- Get 1 % cash back on all other purchases
- Earn a total of 10% cash back on purchases that are made through Uber Eat and Uber
- Enjoy 5 %cash back on CAPITAL one Entertainment purchases
- Earn 5 % cash back on hotels and car rentals that are booked through Capital one Travel
- Leverage the cash back bonuses with no rotating categories and sign-up needed
- Starts at 0% introductory APR on purchases and balance transfer for 15 months and afterwards variable APR of 19.99-29.99% is applicable
| Pros | Cons |
| High dining and entertainment bonus earning rate | Charges high foreign transaction fee |
| No foreign transaction fees | Limited cash back for other categories except dining and entertainment |
| Easy to redeem cash backs | |
| Offers introductory APR for balance transfer and purchases |
4. Wells Fargo Active Cash® Credit Card
Welcome Bonus: $200 cash back
Annual Fee: $0
Reward Rate: 2 %
Regular APR: 20.24%, 25.24% or 29.99% ( Variable APR )
Credit Card Score: Good to Excellent (700- 749)
This card is an excellent package for all those who spend evenly on all the categories. With one of the best cashback credit cards for 2024, you can earn reward rate of 2% on everything you purchase. The great flat rate credit card comes with the annual fee of $0 . With various redemption option you can easily use this card to earn cash back on travel , dining , entertainment and all other categories.
Product Details
- Get $ 200 cash rewards bonus after you spend at total of $500 in the first three months
- Earn unlimited 2% cash back on all the purchases
- No bonus categories to track and cash back does not expire until your account is open
- Leverage the premium benefits with an easy selection of world famous hotel properties with Visa Signature Concierge.
- Starts at 0% introductory APR for a period of 15 months and then 20.24%, 25.24% or 29.99% variable APR is applicable. Balance transfer made within 120 days are free and then 3-5% balance transfer fee is charged
- Get up to $600 for cell phone protection but in this case all the monthly cell phone bills should be payed
| Pros | Cons |
| Unlimited 2% cash back on all the purchases | Charges foreign transaction fee |
| No annual fees | No travel transfer partners |
| Offer cell phone protection benefit | Does not offer higher cash back rates for certain categories |
5. Discover it® Cash Back
Welcome Bonus: Cash back match
Annual Fee: $0
Reward Rate: 1%-5 %
Regular APR: 17.24%- 28.24% (Variable APR)
Credit Card Score: Good to Excellent (690- 850)
The Discover it® Cash Back card offer solid rewards that are easy to avail. One of the greatest benefit that compels that card in the list of best cashback credit cards for 2024 is its cash-back match offer as a welcome bonus. Although the capped rotating cash back categories are difficult to track but if you can track them you can earn greater rewards. The great customer service along with no annual fee makes it a great option among the reward-earning cards.
Product Details
- Enjoy unlimited cash book matches exclusively through Discover. This card will automatically match all the cash back you have earned in the first year. With one of the best cashback credit cards for 2024, you could easily turn $150 into $300.
- Earn 5% cash back on everyday purchases in each quarter including grocery stores, gas stations, restaurants
- Get 1% cash back on all other purchases
- Benefit from Discover as it helps you reduce the exposure of your personal information online and protect you from malicious sites that can sell your data
- Get 0% introductory APR for a tenure of 15 months then standard variable purchase APR (17.24-28.24%) is applicable
| Pros | Cons |
| 5% cash back on quarterly rotating spending categories | Activation of bonus categories in each quarter |
| Automatically match all the cash back you earn in the 1 year | Low 1% cash back on all other purchases |
| Have no limit on cash back redemption |
6. Discover it® Balance Transfer
Welcome Bonus: Cash back match
Annual Fee: $0
Reward Rate: 1%-5%
Regular APR: 17.24% – 28.24%
Credit Card Score: Good to Excellent (700- 749)
Many of the customers look for balance transfer cards with lengthy introductory period . But the plus point of this card is that it’s a complete package that includes a lengthy introductory period along with cash-back rewards. Being on the list of the best cashback credit cards for 2024, it is one of the viable ways to consolidate debt. The card offers a nice long time to pay it off without interest charges. The elevated rewards are the key reason for you to own this card in your wallet.
Product Details
- With this card you get cash back match and earn greater rewards that are unmatchable and are not offered by any other card in the category.
- With one of the best cashback credit cards for 2024, you can earn 5% cash back on everyday purchases on rotating bonus categories
- Earn 1% unlimited cash back on all other purchases
- With this card you can potentially reduce the exposure of your information to certain sites that are harmful. This service can be activated for free through your mobile application
- Get $1 you earn in cash back when you redeem $1
| Pros | Cons |
| Offers introductory APR on balance transfers and purchases | Not widely accepted at international level |
| Earn greater rewards on balance transfer | Low 1% cash back on all other purchases |
| Have no limit on cash back redemption |
Best Balance Transfer Credit Cards
Fret not, if you are not satisfied with the Discover it® Balance Transfer card, there are multiple other options that can fit well with your needs including the Bank of America® Customized Cash Rewards Credit Card, U.S Bank Visa® Platinum Card, and many more to consolidate your debts in the best possible ways.
7. Blue Cash Preferred® Card from American Express
Welcome Bonus: Earn $ 250
Annual Fee: $0 in the first year but in the next years it’s $95
Reward Rate: 1 %- 6%
Regular APR: 19.24%-29.99% ( Variable APR )
Credit Card Score: Good to Excellent ( 690- 850)
For all those who spend a considerable amount of money in U.S supermarkets and U.S. gas stations, the Blue Cash Preferred® Card from American Express is the favorable choice. Although the annual fee is high for the cash-back card but stellar bonus on transit like taxi, rideshares can help you gain excellent cash back rewards. Being one the best cashback credit cards for 2024, it is also regarded as the best family card for you to enjoy unlimited benefits.
Product Details
- Enjoy $250 statement credit after spending a total of $300 on purchases within the first 6 months
- With one of the best cash-back credit cards, you can buy now and pay later. With this card you can split up the cost of large purchases on monthly installments
- Get 0% introductory APR on purchases and balance transfers for a period of 12 months and afterward variable APR of 19.24%-29.99% is applicable.
- Earn 6% cash back on U.S supermarkets with purchases up to $6,000 in the first year
- Get up to 6% cash back on selected U.S streaming services
- Earn 3% cash back on U.S gas stations and transit
- Get 1 % cash back on all other purchases
- Cashback can be received in the form of Reward Dollars and can solely be redeemed as statement credit
| Pros | Cons |
| High cash-back rewards across several categories | Charges an annual fee |
| Comes with travel benefits and insurance | Cashback is capped at a spending of $6000 in US supermarkets |
| No enrollment requirement, automatic system for cash backs |
8. Citi Custom Cash® Card
Welcome Bonus: $200
Annual Fee: $0
Reward Rate: 1%-5%
Regular APR: 19.24% – 29.24%
Credit Card Score: Fair to Good (670- 740)
This card is the competitive contender among the cashback cards and offer low- maintenance 5% cash back reward in your top spending category. What actually sets the card apart is its $0 annual fee and automated cash backs based on your spending habits of each billing cycle. The automated rewards are the plus points for all those who are looking forward to earn outsized earning with minimal effort. In a nutshell, by using one of the best cashback credit cards for 2024 you gain flexible and lucrative rewards.
Product Details
- Get $200 cash back after spending a total of $1500 on purchases in the first 6 months of account opening.
- Get 5% cash back on the top eligible category in each billing cycle after spending $500.
- Earn 1% cash back on all other purchases
- As one of the best cashback credit cards for 2024 there are no rotating categories spending to become eligible for the signup bonus
- Offers 0% introductory APR for the period of 15 months and afterward variable APR of 19.24-29.24% which is entirely based on your creditworthiness
| Pros | Cons |
| Offers an extended introductory APR period | Have a minimum monthly spending cap of $500 to gain 5% cash back |
| Benefits all those who prefer to dine out and those who travel frequently | Low cashback rate outside the bonus categories |
| Charges no annual fee |
9. Bank of America Unlimited® Cash Rewards Credit Card
Welcome Bonus: $200
Annual Fee: $0
Reward Rate: 1.5%
Regular APR: 18.24% – 28.24%
Credit Card Score: Good to Excellent (670 or above)
The Bank of America Unlimited® Cash Rewards Credit Card offers the industry standard reward rate with a lengthy APR for balance transfers and other purchases. Being a suitable option among the best cashback credit cards for 2024, this card can be paired with other Bank of America Cards for maximum benefits and rewards. If you are a loyal bank of America customer than this is for sure decent, no frill option for you.
Product Details
- Earn $200 cash back after spending a total of $1000 on purchases in the first 90 days of account opening.
- Get 1.5 % cash back on all other purchases
- If you are a Preferred Rewards member then you can earn 25-75% more cash back on every purchase
- Get 0% introductory fee for 15 billing cycle for balance transfer and purchases made within 60 days and afterward variable Apr of 18.24%-28.24% is applicable.
- There is no limit on the amount of cash back you earn and the cash-back rewards don’t expire until your account is open
- Contactless card with advanced security chip for the convenience of the users
| Pros | Cons |
| Earn unlimited 1.5% cash back on every purchase | Requires good to excellent credit card score |
| New holders enjoy bonus offer | No bonus categories |
| Offers Introductory APR |
10. Bank of America® Customized Cash Rewards Credit Card
Welcome Bonus: $200
Annual Fee: $0
Reward Rate: 1% – 3%
Regular APR: 18.24% – 28.24%
Credit Card Score: Good to Excellent (670 or above)
The Bank of America® Customized Cash Rewards Credit Card is a great option for all those who can comprehend the complicated terms and conditions. Like majority of the best cashback credit cards for 2024, it comes with no annual fee. It is especially good for all those who want to boost the reward rates by keeping large balance for Bank of America and Merill. The major downside of this card is that for bonus categories there is high spending cap to gain cash rewards.
Product Details
- Get $200 cash-back bonus after you spend at least $1000 in purchases for the first 90 days.
- Earn 3% cashback in each category of your own choice, automatic 2% at grocery stores after $2500 in combined purchases in each quarter
- Earn unlimited 1% cash back on all other purchases
- Get 3% cash back on gas stations and online shopping
- If you are one of the preferred reward members you can gain 3.75%-5.25% cashback on purchases in your desired category.
- Being one of the best cashback credit cards for 2024 there is no specific date for expiration of rewards
- Get 0% introductory APR for the 15 billing cycles for purchases and 60 days for balance transfers afterward variable APR of 18.24% – 28.24% is applicable
- Contactless card with top-level security chip that can be operated with the convenience of a tap
| Pros | Cons |
| Earn unlimited 1.5% cash back on every purchase | Higher spending caps on bonus category |
| Rotating bonus categories | Complicated rewards |
| Charges no annual fee | Best rewards are restricted for certain client base |
Frequently Asked Questions
With which card you get 5% cash back on everything?
With one of the best cashback credit cards for 2024, Chase Freedom Flex you get 5% cash back on purchases. For this firstly you have to spend $1500 on rotating categories in each quarter.
Is cashback credit cards a trap?
No, cashback credit cards are not a trap instead they are valuable tools to get rewards on travel, dining, entertainment and more. By leveraging the best cashback credit cards for 2024, you can maximize rewards and can get higher bonuses.
