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Ranking of Rated Credit Cards For Cash Rewards

The "Ranking of Rated Credit Cards For Cash Rewards" provides a comprehensive overview of various credit cards that offer cash back benefits. These rankings typically consider factors such as cash back rates, annual fees, sign-up bonuses, and additional perks, helping consumers choose the best options for their spending habits.

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In today's competitive credit card landscape, cash rewards have become a significant draw for consumers, prompting issuers to enhance their offerings. The rankings often highlight cards that excel in specific categories, such as grocery purchases, gas expenses, or online shopping. For instance, some cards may offer a flat cash back rate on all purchases, while others provide tiered rewards that maximize cash back in specific categories. Additionally, many of these cards come with enticing sign-up bonuses that further boost their value. It’s essential for consumers to assess their spending patterns to identify which card aligns best with their lifestyle. By comparing features such as introductory offers, redemption options, and customer service ratings, cardholders can make informed decisions that not only enhance their purchasing power but also provide substantial savings over time.

  • Chase Freedom
    Chase Freedom

    Chase Freedom - Cashback credit card offering flexible rewards and no annual fee.

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  • Citi Double Cash
    Citi Double Cash

    Citi Double Cash - Cashback credit card offering 2% on all purchases.

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  • Discover it Cash Back
    Discover it Cash Back

    Discover it Cash Back - Cashback credit card with rotating bonus categories.

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  • Capital One Quicksilver
    Capital One Quicksilver

    Capital One Quicksilver - Cashback rewards credit card with no annual fee.

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  • American Express Blue Cash Preferred
    American Express Blue Cash Preferred

    American Express Blue Cash Preferred - Cashback credit card with premium rewards and benefits.

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  • Wells Fargo Active Cash
    Wells Fargo Active Cash

    Wells Fargo Active Cash - Cash rewards credit card with no annual fee.

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  • Bank of America Cash Rewards
    Bank of America Cash Rewards

    Bank of America Cash Rewards - Cashback credit card with customizable rewards categories.

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  • U.S. Bank Cash+
    U.S. Bank Cash+

    U.S. Bank Cash+ - Cashback credit card with customizable rewards and no annual fee.

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  • Barclays Arrival Plus
    Barclays Arrival Plus

    Barclays Arrival Plus - Travel rewards credit card with bonus miles.

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  • PenFed Platinum Rewards
    PenFed Platinum Rewards

    PenFed Platinum Rewards - Cashback credit card with no annual fee.

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Ranking of Rated Credit Cards For Cash Rewards

1.

Chase Freedom

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Chase Freedom is a popular credit card brand known for its cash back rewards and flexible benefits. It offers cardholders the opportunity to earn 1% cash back on all purchases, with special categories that provide 5% cash back on rotating categories each quarter. The card also features no annual fee and various perks, such as purchase protection and extended warranty coverage. With its user-friendly mobile app and access to Chase Ultimate Rewards, Chase Freedom is an attractive option for savvy spenders seeking value and rewards.

Pros

  • pros No annual fee
  • pros Generous cash back rewards
  • pros Flexible redemption options
  • pros Introductory bonus offer
  • pros Easy to use mobile app

Cons

  • consRotating categories can be limiting
  • consForeign transaction fees apply
  • consLower rewards for non-category spending
  • consRequires good credit
  • consMay have high APR
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2.

Citi Double Cash

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Citi Double Cash is a credit card offered by Citibank that provides a straightforward rewards program, allowing users to earn cash back on their purchases. Cardholders receive 1% cash back on every purchase made, plus an additional 1% when they pay their bill, effectively doubling the rewards. This card is ideal for those who prefer simplicity and value in their spending. With no annual fee, it appeals to a wide range of consumers looking to maximize their cash back rewards effortlessly.

Pros

  • pros Cash back on all purchases
  • pros no annual fee
  • pros 0% intro APR on balance transfers
  • pros rewards never expire
  • pros easy redemption options

Cons

  • consForeign transaction fees
  • conslimited bonus categories
  • consrequires good credit for approval
  • consredemption can be complicated
  • conscustomer service issues reported
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3.

Discover it Cash Back

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Discover it Cash Back is a popular cash-back credit card offered by Discover Financial Services. It allows cardholders to earn 5% cash back on rotating categories—such as grocery stores, gas stations, and restaurants—up to a quarterly maximum, and 1% on all other purchases. The card features no annual fee, a unique introductory offer that matches all cash back earned in the first year, and offers tools to track spending and manage rewards through its user-friendly mobile app.

Pros

  • pros Generous cash back rewards
  • pros rotating categories
  • pros no annual fee
  • pros easy redemption options
  • pros introductory bonus offer

Cons

  • consLimited to specific categories
  • consrequires activation each quarter
  • consforeign transaction fees
  • consmay have lower cash back in some categories
  • consrewards can expire
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4.

Capital One Quicksilver

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Capital One Quicksilver is a popular cash-back credit card known for its straightforward rewards program. It offers a flat 1.5% cash back on every purchase, with no annual fee and no rotating categories to manage. The card also features a one-time cash bonus for new cardholders after meeting a minimum spending requirement within the first few months. Additional perks include no foreign transaction fees and the opportunity to earn unlimited cash back, making it an attractive option for everyday spenders and travelers alike.

Pros

  • pros Unlimited 15% cash back
  • pros no annual fee
  • pros straightforward rewards structure
  • pros no foreign transaction fees
  • pros easy redemption options

Cons

  • consLimited bonus categories
  • consforeign transaction fees for certain cards
  • conslower cash back rate compared to competitors
  • consfew travel perks
  • conshigher APR for some users
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5.

American Express Blue Cash Preferred

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The American Express Blue Cash Preferred Card is a premium cash-back credit card designed for everyday spending. It offers a generous cash-back rate on U.S. supermarket purchases, enabling cardholders to earn 6% back on up to $6,000 annually. Additionally, users receive 3% cash back on U.S. gas stations and select transit, along with 1% on other purchases. With no annual fee for the first year and various perks, it’s an excellent choice for families and frequent shoppers looking to maximize their rewards.

Pros

  • pros High cash back rates on groceries
  • pros No annual fee for the first year
  • pros Flexible rewards redemption
  • pros Travel perks
  • pros Purchase protection

Cons

  • consHigh annual fee after the first year
  • consLimited bonus categories
  • consForeign transaction fees
  • consRequires good credit
  • consLimited acceptance compared to Visa/Mastercard
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6.

Wells Fargo Active Cash

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Wells Fargo Active Cash is a versatile credit card designed for those seeking simplicity and rewards. It offers unlimited 2% cash back on every purchase, with no annual fee, making it an attractive option for everyday spending. Additionally, new cardholders can enjoy a generous introductory bonus and 0% APR on purchases and balance transfers for the first 15 months. With its user-friendly features, including access to online account management and mobile banking, Wells Fargo Active Cash is ideal for savvy consumers looking to maximize their rewards.

Pros

  • pros Cash rewards on all purchases
  • pros No annual fee
  • pros Introductory bonus offer
  • pros Flexible redemption options
  • pros Zero fraud liability

Cons

  • consLimited travel perks
  • consHigh APR for cash advances
  • consCustomer service complaints
  • consForeign transaction fees
  • consRequires good credit score
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7.

Bank of America Cash Rewards

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Bank of America Cash Rewards is a credit card offering that allows customers to earn cash back on everyday purchases. Cardholders can earn 3% cash back in a category of their choice, such as online shopping, dining, or gas, and 2% at grocery stores and wholesale clubs, with 1% on all other purchases. The card features no annual fee and offers a flexible rewards program, making it an attractive option for those looking to maximize their spending benefits while enjoying financial convenience.

Pros

  • pros Flexible cash back categories
  • pros No annual fee
  • pros Introductory bonus offer
  • pros Easy online account management
  • pros Wide ATM network

Cons

  • consHigher interest rates
  • consLimited rewards on non-category spending
  • consForeign transaction fees
  • consRedemption minimums
  • consCustomer service complaints
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8.

U.S. Bank Cash+

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U.S. Bank Cash+ is a versatile cash-back credit card designed to reward users for their everyday spending. It offers cardholders the flexibility to choose their bonus categories, allowing them to earn 5% cash back on the first $2,000 spent in two categories of their choice each quarter. Additionally, users can earn 2% cash back on one everyday category, like gas or groceries, and 1% on all other purchases. With no annual fee and the option to redeem rewards in various ways, it’s a popular choice for savvy consumers.

Pros

  • pros High cash back potential
  • pros Flexible category choices
  • pros No annual fee
  • pros Easy online management
  • pros Reward points don’t expire

Cons

  • consLimited bonus categories
  • consRequires regular tracking
  • consForeign transaction fees
  • consRedemption options can be confusing
  • consCustomer service variability
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9.

Barclays Arrival Plus

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Barclays Arrival Plus is a travel rewards credit card designed for frequent travelers seeking to maximize their benefits. With a straightforward earning structure, cardholders can earn unlimited miles on every purchase, which can be redeemed for travel expenses such as flights, hotels, and car rentals. The card often features a generous sign-up bonus and no foreign transaction fees, making it an attractive option for international travelers. Additionally, cardholders enjoy various travel-related perks, enhancing their overall travel experience.

Pros

  • pros Generous travel rewards
  • pros no foreign transaction fees
  • pros flexible redemption options
  • pros sign-up bonus
  • pros travel insurance benefits

Cons

  • consHigh annual fee
  • conslimited earning categories
  • consredemption limits
  • consfewer travel partners
  • conscustomer service complaints
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10.

PenFed Platinum Rewards

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PenFed Platinum Rewards is a credit card offered by Pentagon Federal Credit Union, designed for individuals seeking to maximize their rewards on everyday purchases. It features a competitive rewards program, allowing cardholders to earn points for every dollar spent, particularly on grocery and gas purchases. With no annual fee, it also offers introductory bonuses and additional perks like travel insurance and purchase protection. Ideal for those who frequently shop and travel, the PenFed Platinum Rewards card emphasizes value and convenience for its users.

Pros

  • pros High rewards rates
  • pros no annual fee
  • pros flexible redemption options
  • pros travel benefits
  • pros excellent customer service

Cons

  • consLimited international acceptance
  • consforeign transaction fees
  • consfewer partner airlines
  • consless brand recognition
  • conspotential for high APR
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