Best cash-back credit cards for February 2022

Best cash-back credit cards for February 2022 ...

Cashback credit cards are designed to reward you with flat-rate rewards. Some cashback credit cards offer benefits like 1% to 2% cash back on all purchases, while others reward you at higher rates, between 2% and 6%, depending on your own budget and preferences.

Your rewards are typically a statement credit that can be used to pay your bills or be deposited into your bank account. Check out our partner offers for the best cash-back credit cards below.

Best cash-back credit card in the world

  • Enjoy 5% cash back on travel purchased through Chase Ultimate Rewards, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more;
  • 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service
  • 1.5% on all other purchases
  • Enjoy 5% cash back on travel purchased through Chase Ultimate Rewards, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more;
  • 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service
  • 1.5% on all other purchases

Most welcome-bonuses aren't offered in the form of extra cash back.

The best cash-back card for online shopping

  • Earn 3% cash back in the category of your choice (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases)
  • Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases)
  • Earn unlimited 1% on all other purchases.
  • Earn 3% cash back in the category of your choice (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases)
  • Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases)
  • Earn unlimited 1% on all other purchases.

The Bank of America Customized Cash Rewards credit card* allows you to select "online shopping" as an indefinite rewards category where you can earn 3% cash back rewards. Note that the default category is "gas."

You can earn 2% cash back at grocery stores and wholesale clubs (earn 3% and 2% cash back on up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then 1%), and 1% cash back on all other purchases.

The best cash-back card for transportation, gas and transportation

  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
  • 6% Cash Back on select U.S. streaming subscriptions
  • 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more
  • 3% Cash Back at U.S. gas stations
  • 1% Cash Back on other purchases
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
  • 6% Cash Back on select U.S. streaming subscriptions
  • 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more
  • 3% Cash Back at U.S. gas stations
  • 1% Cash Back on other purchases

Certain American Express benefits and offers are subject to change periods. Visit americanexpress.com to learn more.

With 3% cash back at US gas stations, it has one of the highest returns on the market for gas purchases.

This gas credit card is a unique offering among gas credit cards. There are a lot of other cash-back categories to enjoy with the card, as well as Rewards Dollars that may be redeemed for a statement credit.

Best cash-back card for restaurants and dining

  • Earn unlimited 4% cash back on dining, entertainment and popular streaming services
  • Earn 3% at grocery stores
  • Earn 1% on all other purchases
  • Earn unlimited 4% cash back on dining, entertainment and popular streaming services
  • Earn 3% at grocery stores
  • Earn 1% on all other purchases

With the Capital One Savor Cash Rewards Credit Card, you can earn an unlimited 4% cash back on dining and takeout. The $300 welcome bonus (when you spend at least $3,000 within the first three months of account opening) can essentially cover your annual fee ($95).

You can earn even more cash-back rewards when you purchase entertainment (4%), popular streaming services (4%), and grocery stores (3%). Unlike other cash-back credit cards, "Entertainment" is a rare category of movie theaters, sports promoters (professional and semi-professional live events), theatrical promoters, amusement parks, tourist attractions, aquariums, zoos, dance halls, record stores.

If you want to avoid the annual fee or don't have a very large dining and entertainment budget, you may also want to consider the Capital One SavorOne Cash Rewards Credit Card*, or some of our other best picks for restaurant credit cards.

The best cash rewards card with a flat rate

  • Earn unlimited 2% cash rewards on purchases
  • Earn unlimited 2% cash rewards on purchases

This isn't a straightforward technique, but it doesn't get complicated as the Wells Fargo Active Cash Card. It has a 2% flat cash rewards rate on purchases, which is one of the best on the market. The sign-on bonus, the $0 annual fee, and the introductory APR make this card stand out among the competition.

FAQs

How do cash-back credit cards work?

Cardholders receive rewards through statements or cash, which represent a reduction in the amount due to the credit card company on your monthly bill. Note that rewards are not always available the month you earn them, but they are usually applied to your balance by credit card issuers following one or two billing cycles.

Cashback credit cards are redeemable in an automatic fashion or very simple, as some cards apply cash rewards to your statement balance each month. Others require you to log in and redeem available rewards points for statement credits. Most points don't expire, but you will lose them if you close the account before redeeming them.

What types of cashback credit cards are there?

Cash-back credit cards are generally divided into four main categories: flat-rate, tiered, or rotating.

Fixed-rate cards have the same rate for every purchase, while fixed-rate cards have a different rewards rate for various spending categories. Rotating category cards have different rewards each quarter, depending on the card issuer.

How do you choose a cash-back credit card?

When you select the best cash-back credit card for your recipient, you must have a clear idea of how you're already spending each month. Use the charts in our list to determine which card will net you the highest return. Look for other features of the cards, including APR, sign-on bonuses, and foreign transaction fees.

Most of the credit cards we recommend are dependent on a good credit score, usually around 670 or higher. There are credit cards available for those who are looking to rebuild credit, such as.

How have we selected the best cash-back credit cards?

We compared reward offerings with potential returns based on typical spending budgets collected by the Labor Statistics.

Many cards are not annual-fee, flat-rate, but make a certain qualifying purchase to earn cash-back rewards. Others are limited to individual spending categories (such as groceries, dining, transit, and travel), but others are charged an annual fee.

For the rates and fees of the, click here.

*All information about the Bank of America Customized Cash Rewards credit card, Capital One Savor Cash Rewards Credit Card, and the Capital One SavorOne Cash Rewards Credit Card has been collected independently by CNET and has not been reviewed by the issuer.

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The editorial content on this page is based solely on objective, independent opinions by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party, however, we may receive compensation when you click on links to our products or services.

The editorial content on this page is based on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.

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