The Best Cashback Credit Cards

Amidst the turmoil in the world due to the coronavirus, you may have taken a step back in your travel hacking. Earning points/miles for travel that you don’t know when you can take may not get you excited. This might be a time you need the money more than points. Your short term strategy may change to cashback credit cards as a way to get more money for the immediate future.

To be honest, I still want to earn points because I have bills to spend money on anyway and I know that, in the future, I will still be wanting to travel. This concept will vary from person to person depending on what your needs may be and what your present financial circumstances are. Here are the best options available to you if you would like to get money back from your credit card use.


Ink Business Cash Credit Card

The Chase Ink Business Cash will get $500 back after spending $3,000 in three months. There is no annual fee which is also nice! You also get 5% cash back at office supply stores, phone bills, internet and cable services. This card also earns 2% at gas stations and restaurants. I like to buy gift cards to places I normally shop at (like Amazon) from Staples using this card so that I effectively get 5% back at Amazon. This is a great card for earning cash back on everyday spending. Another thing I like about all Chase cashback cards is you have the option to earn Ultimate Rewards (their travel points currency) instead of cashback.

Remember that many people can qualify for a business card with a side gig. For more info on applying for a business credit card, read this article.


Capital One Savor Cash Back Rewards Credit Card

The Capital One Savor Cash Back Rewards Credit Card will get you $300 back after you spend $3,000 in three months. The annual fee is waived the first year and is $95 after that. Earn 4% cashback on eating out and entertainment and 2% back on grocery purchases.

capital one savor credit card



American Express Blue Cash Preferred Credit Card

The American Express Blue Cash Preferred Credit Card will get you a $250 statement credit after you spend $1,000 on this card in three months. It does have an annual fee of $95 which makes this really just a $155 credit so it isn’t huge. You do get 6% back on grocery purchases though (up to $6,000 spent annually) so it might be helpful if you have a large family. You will also earn 3% on gas and 1% on all else.

Another American Express card to consider is the American Express Blue Cash Everyday. The signup bonus is $150 and has no annual fee. It earns 3% on grocery shopping (up to $6,000 annually), 2% on gas and at select department stores and 1% elsewhere.


Chase Freedom Unlimited

With the Chase Freedom Unlimited, you can earn an easy $200 cash back after spending $500 in three months. This is the quickest way to get some easy cash! The card earns 1.5% back on all purchases. It also has no annual fee so that makes it nice. This is one of the cards I use the most. You can read about how I use it in conjunction with my Chase Sapphire Preferred.

Similar to the Chase Freedom Unlimited is the Chase Freedom. This card earns 5% (on the first $1,500) in certain categories that rotate each quarter. It also has no annual fee.

Both of these cards also come with 0% intro APR for the first 15 months on purchases and balance transfers.


Chase Freedom Credit Card

One of my go-to credit cards



Bank of America Cash Rewards Credit Card

The Bank of America Cash Rewards Credit Card has no annual fee and will give you $200 cash back after spending $1,000 in 3 months. You’ll earn 3% and 2% cashback on the first $2,500 in combined spending on one category of your choice/grocery store/wholesale club purchases each quarter, then earn 1%.


Wells Fargo Propel Credit Card

You can receive 20,000 points (worth $200) after spending $1,000 in three months when you signup for the Wells Fargo Propel Credit Card.  This card does not have an annual fee. Earn 3% on dining, gas, and travel.

wells fargo propel



Bottom Line

We always recommend getting credit cards that give you points/miles as a bonus because they are usually worth more than cashback credit cards. Having said that, there are times one just needs money! If that is true for you during these times, a cashback credit card may be just the thing to get some extra money. It’s a great way to earn extra money for paying the bills you still have to pay.


pinterest graphic about best cashback credit cards

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