12 Oct
Discovering the Best Cash Back Credit Cards 2024: My Top Picks

best cash back credit cards 2024
Written By
October 12, 2023
Posted at 14:49h in Cashback by

Are you looking for the best cash back credit cards for 2024? Look no further! I’ve done the research and compiled a list of my top picks to help you make an informed decision.

Key Takeaways:

  • Earn extra cash back on all your purchases with these top cash back credit cards.
  • Consider your spending habits and priorities when selecting the best card for you.
  • Some cards offer higher rewards rates on specific categories, such as groceries or travel.
  • Pay attention to any annual fees and introductory APR periods.
  • Take advantage of sign-up bonuses and additional rewards programs to maximize your cash back potential.

The Top Cash Back Credit Cards for 2024

Let’s dive into the top cash back credit cards for 2024. These cards offer great cash back rewards and come with a range of benefits. Whether you’re looking to earn cash back on everyday purchases or maximize your rewards on specific categories, there’s a card for you.

  1. Chase Freedom Flex℠: Earn an extra 1.5% on everything you buy and 6.5% on travel purchased through Chase Ultimate Rewards®.
  2. Citi® Double Cash Card: Earn 2% cash back on all purchases, with no limit.
  3. PayPal Cashback Mastercard®: Earn 3% cash back on purchases made with the card through PayPal and 2% cash back on all other purchases.
  4. Capital One Quicksilver Cash Rewards Credit Card: Earn 1.5% cash back on all purchases, with a bonus offer and introductory 0% APR period.
  5. Bank of America® Unlimited Cash Rewards credit card: Earn 1.5% cash back on all purchases, with a sign-up bonus and the potential to earn additional rewards through Bank of America®’s Preferred Rewards program.

Other notable cash back credit cards for 2024 include:

  • Alliant Cashback Visa® Signature Credit Card: Earn the highest ongoing rewards rate of any flat-rate cash-back card, but with an annual fee and limits on rewards earning potential.
  • SoFi Credit Card: Earn 2% cash back when redeeming rewards into a SoFi account or applying them to a SoFi loan, with a bonus offer for opening a SoFi account.
  • Blue Cash Preferred® Card from American Express: Earn bonus rewards on groceries, gas, commuting, and streaming services, with an annual fee.
  • Blue Cash Everyday® Card from American Express: Earn bonus rewards on popular categories with no annual fee.
  • Chase Freedom Unlimited®: Earn bonus rewards on travel, dining, and drugstores, with a 0% intro APR period and a cash bonus offer.

These cards offer a variety of cash back rewards and benefits, allowing you to earn money on your everyday purchases. Consider your spending habits and priorities to determine which card is the best fit for you.

Chase Freedom Flex℠

The Chase Freedom Flex℠ is a top contender for the best cash back credit card in 2024. With an extra 1.5% cash back on all purchases and a whopping 6.5% cash back on travel purchased through Chase Ultimate Rewards®, it offers incredible value.

Not only does the Chase Freedom Flex℠ provide generous cash back rewards, but it also comes with additional perks and benefits. Cardholders can earn cash back on a wide range of purchases, from everyday expenses to travel expenses. Plus, the ability to earn 6.5% cash back on travel through Chase Ultimate Rewards® is a standout feature that can help you save significantly on your trips.

When it comes to redemption options, the Chase Freedom Flex℠ offers flexibility. You can redeem your cash back as a statement credit, for travel bookings, or as a direct deposit into your bank account. This freedom allows you to use your rewards in a way that aligns with your financial goals and lifestyle.

Overall, the Chase Freedom Flex℠ is an excellent choice for individuals looking to maximize their cash back rewards in 2024. Its competitive rates, valuable travel cash back rewards, and flexible redemption options make it a standout option among cash back credit cards.

Citi® Double Cash Card: Unlimited Earning Potential

If you’re searching for a cash back credit card that offers flexibility and unlimited earning potential, the Citi® Double Cash Card is a fantastic choice. With 2% cash back on all purchases, it’s hard to beat.

One of the standout features of the Citi® Double Cash Card is its straightforward rewards structure. You’ll earn 1% cash back when you make a purchase and an additional 1% cash back when you pay off that purchase, giving you a total of 2% cash back on every dollar spent. What’s more, there’s no limit to how much cash back you can earn, making it an excellent option for both big and small spenders.

Another advantage of the Citi® Double Cash Card is its versatility. Unlike some cash back cards that offer higher rewards in specific spending categories, this card allows you to earn 2% cash back on all purchases, regardless of the category. Whether you’re shopping for groceries, dining out, or making travel arrangements, you can rest assured knowing that you’re earning cash back on every transaction.

Maximize Your Rewards

If you want to make the most of your cash back earnings with the Citi® Double Cash Card, consider using it for all your everyday expenses. From groceries and gas to online shopping and bill payments, every purchase can contribute to your cash back balance. Additionally, paying off your balance in full and on time each month will help you avoid interest charges and ensure that you’re maximizing your rewards.

Overall, the Citi® Double Cash Card is an excellent choice for individuals who want a simple and lucrative cash back credit card. With its generous 2% cash back on all purchases and unlimited earning potential, it can help you save money on everyday expenses and reach your financial goals.

PayPal Cashback Mastercard®

For those who frequently use PayPal for online purchases, the PayPal Cashback Mastercard® is a standout option. Earn 3% cash back on purchases made with the card through PayPal and 2% cash back on all other purchases. This makes it a great choice for maximizing your rewards when shopping online.

With the PayPal Cashback Mastercard®, you can enjoy the convenience and security of using PayPal for your transactions, while also earning generous cash back rewards. Whether you’re buying clothes, electronics, or anything else online, this card allows you to earn money on every purchase.

In addition to the cash back rewards, the PayPal Cashback Mastercard® offers other benefits such as no annual fee and no foreign transaction fees. This makes it a cost-effective choice for frequent international travelers and online shoppers alike.

Overall, the PayPal Cashback Mastercard® is a top contender in the cash back credit card space. With its rewarding cash back rates and convenient integration with PayPal, it’s definitely worth considering for those looking to maximize their rewards when shopping online and offline.

Conclusion

Choosing the best cash back credit card can be a personal decision based on your spending habits and preferences. However, the top cash back credit cards for 2024, such as the Chase Freedom Flex℠, Citi® Double Cash Card, and PayPal Cashback Mastercard®, offer competitive rewards and benefits worth considering.

The Chase Freedom Flex℠ allows you to earn an extra 1.5% cash back on all purchases, as well as 6.5% on travel purchased through Chase Ultimate Rewards®. With the Citi® Double Cash Card, you can earn a flat 2% cash back on all purchases, with no limit. The PayPal Cashback Mastercard® offers 3% cash back on purchases made through PayPal and 2% cash back on all other purchases.

Other noteworthy cash back credit cards for 2024 include the Capital One Quicksilver Cash Rewards Credit Card, Bank of America® Unlimited Cash Rewards credit card, Alliant Cashback Visa® Signature Credit Card, SoFi Credit Card, Blue Cash Preferred® Card from American Express, Blue Cash Everyday® Card from American Express, and Chase Freedom Unlimited®. Each of these cards offers different rewards structures and benefits, catering to various spending categories and preferences.

When choosing the best cash back credit card for you, it’s essential to consider your spending habits, the categories in which you spend the most, and the rewards rates offered by each card. Additionally, take note of any introductory offers, annual fees, and other terms and conditions associated with the cards. By carefully evaluating your options, you can find the cash back credit card that maximizes your savings and rewards.

FAQ

What are cash back credit cards?

Cash back credit cards are a type of rewards credit card that offer cash rewards or rebates on your purchases. With these cards, you can earn a percentage of your spending back in the form of cash.

How do cash back credit cards work?

When you make a purchase with a cash back credit card, you earn a certain percentage of the purchase amount back as cash. This cash back can be redeemed as a statement credit, deposited into your bank account, or used to make future purchases.

Are cash back credit cards worth it?

Cash back credit cards can be worth it if you use them responsibly and take advantage of the rewards. They can help you save money on everyday purchases and earn rewards on your spending.

Are there any limits on earning cash back?

It depends on the card. Some cash back credit cards have limits on how much cash back you can earn, while others offer unlimited earning potential. Be sure to check the terms and conditions of the card to understand any limitations.

Can I redeem my cash back for anything?

The redemption options for cash back vary depending on the credit card issuer. Some cards allow you to redeem your cash back as a statement credit, while others may offer options like direct deposit, gift cards, or merchandise.

Do cash back credit cards have annual fees?

Some cash back credit cards have annual fees, while others do not. It’s important to consider the annual fee in relation to the potential cash back you can earn to determine if the card is worth it for you.

Are there any restrictions on where I can earn cash back?

Cash back credit cards typically offer rewards on most purchases, but there may be restrictions on certain categories or types of transactions. For example, some cards may offer higher cash back rates for specific spending categories like groceries or travel.

Can I use cash back to pay off my credit card balance?

In most cases, you can use your cash back to offset your credit card balance. Many cash back credit cards allow you to redeem your rewards as a statement credit, which can help reduce or eliminate your outstanding balance.

What should I consider when choosing a cash back credit card?

When choosing a cash back credit card, consider factors such as the cash back rate, any earning limits or restrictions, any annual fees, and any additional benefits or features that are important to you.

How can I maximize my cash back rewards?

To maximize your cash back rewards, focus on using your cash back credit card for everyday purchases and expenses. You can also look for special promotions, bonus categories, or sign-up offers that can help you earn even more cash back.

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