Cashback Credit Cards Best in 2022
Everyone knows, or should know, that using credit cards will cost you money – at least when that credit card bill comes. However, there is a way to use credit cards that will actually save you money, if you use them properly. This is accomplished by using credit cards that have a cash back feature.
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Certain credit cards have a cash back rewards system, where you receive what amounts to a cash rebate on the purchases you make with that card. The credit card companies and banks offer this as an inducement for you to obtain their card, and then to use it often. Because the credit card industry is very large and very competitive, there are many cash back credit cards available.
The use of these cards is very enticing because of the cash back rewards – which is the idea behind them. However, the use of these cards will only be beneficial for you if you use the card to pay for your normal things – such as food, gas, utility bills and so on. Then, you actually will be saving money on these purchases versus paying with cash or a check. But if you start splurging with these cards for extra purchases, you will not be saving money at all – quite the opposite. So, the key is to choose the cards with the best deals and terms and then use them wisely. Listed below are the best rated cash back credit cards available in 2022.
Alliant Cashback Visa
This Visa cash back card has one of the most generous cash back rewards program of any card. To get this card, you have to become a member of the Alliant Credit Union. This is easy to do by joining their partner charity, Foster Care to Success, which costs just $5.
Cash Back Reward: 2.5 percent cash back on all purchases (on up to $10,000 of purchases each billing cycle), provided you maintain an average daily checking account balance with them of at least $1,000 each month.
Annual Fee: None
Eligible Credit Score: 670 – 850
Interest Rate: 12.24% – 22.24%
Bank of America Customized Visa
Bank of America offers not only a nice cash back amount, but some nice other perks as well.
Intro Bonus: $200 cash rewards bonus after at least $1,000 of purchases in the first 90 days of account opening.
Cash Back Reward: 3% cash back in the category of your choice and 2% at grocery stores and wholesale clubs on up to $2,500 of purchases per calendar quarter. Unlimited 1% on all other purchases.
Annual Fee: None
Eligible Credit Score: 670 – 850
Interest Rate: 0% introductory APR for the first 15 billing cycles, then 13.99% – 23.99%
Blue Cash Everyday
This card from American Express offers a good cash back reward for food shopping and gas, plus other perks.
Intro Bonus: $200 cash bonus after spending $2,000 within the first six months.
Cash Back Reward: 3% cash back at supermarkets (up to $6,000 of purchases each year, then 1%), 2% cash back at U.S. gas stations, 1% cash back on other purchases.
Annual Fee: None
Eligible Credit Score: 670 – 850
Interest Rate: 0% introductory APR for the first 15 months, then 13.99% to 23.99%
Blue Cash Preferred
For grocery shopping, this card from American Express is fantastic.
Intro Bonus: $300 statement credit after $3,000 in purchases within the first 6 months.
Cash Back reward: 6% cash back at supermarkets on up to $6,000 per year in purchases (then 1%), 3% cash back at gas stations and on transit costs (excluding air tickets), 1% cash back on other purchases.
Annual Fee: $0 intro annual fee for the first year, then $95.
Eligible Credit Score: 670 – 850
Interest Rate: 0% for first 12 months on purchases, then 13.99% to 23.99%
Capital One SavorOne
Capital One bank offers this card that is good for dining out and grocery shopping.
Intro Bonus: $200 cash bonus after you spend $500 on purchases within the first 3 months
Cash Back reward: Unlimited 3% cash back on dining, entertainment and groceries, 1% on all other purchases.
Annual Fee: None
Eligible Credit Score: 670 – 850
Interest Rate: 0% for first 15 months; then 14.99% – 24.99%
Annual Fee: None
Chase Freedom Unlimited Visa
This card from Chase bank offers a very nice intro bonus.
Intro Bonus: An additional 1.5% cash back on all purchases (on up to $20,000 spent in the first year).
Cash Back reward: 5% cash back on travel purchased through Chase, 3% cash back on drugstore purchases and dining, 1.5% on all other purchases.
Annual Fee: None
Eligible Credit Score: 670 – 850
Interest Rate: 0% for first 15 months; then 14.99% – 23.74%
Citi Custom Cash Card
Citi bank offers a generous cash back program plus other perks.
Intro Bonus: $200 in cash back after you spend $750 on purchases in the first 3 months.
Cash Back reward: 5% cash back on purchases in your top category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Unlimited 1% cash back on all other purchases.
Annual Fee: None
Eligible Credit Score: 670 – 850
Interest Rate: 0% for first 15 months; then 13.99% – 23.99%
“Discover it” Cash Back
This card offers a really nice intro bonus.
Intro Bonus: Double cash back rewards for the first year.
Cash Back reward: 5% cash back on purchases in selected categories each billing cycle, up to the first $1,500 spent each calendar quarter, unlimited 1% cash back thereafter. Unlimited 1% cash back on all other purchases.
Annual Fee: None
Eligible Credit Score: 670 – 850
Interest Rate: 11.99% – 22.99%
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