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Top 6 Cash Back Credit Cards in 2023

Cash back credit cards can be a great way to earn rewards on your everyday spending. Here are six of the top cash back credit cards to consider in 2023:

  1. Chase Freedom Unlimited: This card offers a flat 1.5% cash back on all purchases and also comes with a sign-up bonus of $200 after spending $500 on purchases within the first three months of account opening. Additionally, it has no annual fee and offers a 0% introductory APR on purchases for 15 months.

  1. Citi Double Cash Card: This card offers 2% cash back on all purchases: 1% when you buy and 1% when you pay it off. There’s no annual fee and no need to keep track of rotating categories.

  1. Discover it Cash Back: This card offers rotating cash back categories where you can earn up to 5% cash back. It also comes with a sign-up bonus of $200 after spending $1,000 within the first three months of account opening, and no annual fee.

  1. Blue Cash Preferred from American Express: This card offers 6% cash back on U.S. supermarket purchases up to $6,000 per year, 6% cash back on select U.S. streaming subscriptions, 3% cash back on U.S. gas station and transit purchases, and 1% cash back on other purchases. It also comes with a one-time welcome bonus of $300 after spending $3,000 within the first six months of account opening and has an annual fee of $95.

  1. Capital One Savor Cash Rewards Credit Card: This card offers 4% cash back on dining and entertainment, 2% cash back at grocery stores, and 1% cash back on all other purchases. It also comes with a sign-up bonus of $300 after spending $3,000 within the first three months of account opening and has no annual fee for the first year, $95 after that.

  1. Wells Fargo Cash Wise Visa Card: This card offers 1.5% cash back on all purchases and also comes with a sign-up bonus of $200 after spending $1,000 within the first three months of account opening. Additionally, it offers a 0% introductory APR on purchases and balance transfers for 15 months and has no annual fee.

When it comes to choosing a cash back credit card, it’s important to consider how the rewards align with your spending habits. For example, If you spend a lot on groceries, it might make sense to choose a card that offers higher cash back on grocery purchases.

It’s also important to keep in mind the annual fee, if any, and if it’s worth it in relation to the benefits and rewards the card offers. Also, consider the sign-up bonus offered and make sure you can meet the spending requirement.

Additionally, make sure you understand the terms and conditions of the credit card and pay attention to the expiration date of rewards and the minimum amount required for redemption. Doing so will ensure the card you choose fits your financial needs.

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