The bottom line: This card's 1.5% cash-back rate set a new standard. Easy earning and easy redemption make it a winner.
Pros & Cons
- No annual fee
- High rewards rate
- Intro APR period
- No foreign transaction fees
- Requires good/excellent credit
- No bonus categories
Alternate Pick: Higher rewards rate
Citi® Double Cash Card – 18 month BT offer
1% + 1% cash back on all purchases
This no-fee card gives you 2% back on everything: 1% when you buy it and 1% when you pay it off. But this offer includes no sign-up bonus or 0% period on purchases, and you can't redeem less than $25 in cash back.
Compare to Other Cards
14.99% - 24.99% Variable APR
13.99% - 23.99% Variable APR
11.99% - 22.99% Variable APR
0% intro APR on Purchases for 15 months
0% intro APR on Balance Transfers for 18 months
0% intro APR for 14 months on purchases and balance transfers
Recommended Credit Score
Recommended Credit Score
Recommended Credit Score
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The set the standard for an entire generation of cash-back credit cards with an extremely simple value proposition: 1.5% cash back on every purchase, every day.
By itself, the sheer simplicity of the rewards is enough to recommend the card. You get an excellent cash-back rate with no bonus categories to remember or spending limits to keep track of. But the goes even further by offering low fees, a solid sign-up bonus, easy rewards redemption and a lengthy introductory 0% APR period.
People who value simplicity will appreciate the straightforward rewards on the . And the ease of use doesn't apply only on the rewards-earning side. The card doesn't have a minimum redemption amount. While many competitors require you to amass as much as $25 in rewards before you can cash out, the lets you redeem for any amount at any time. Want to redeem $1.89 worth of rewards and get that soft drink for free? Go right ahead.
The only thing better than earning cash is earning it with minimal effort. The has a solid sign-up bonus with a fairly low spending requirement to earn it — meaning you're less likely to feel pressured to overspend.
The is a good option for the fee-averse. It charges an annual fee of , and because it has no foreign transaction fees, it's one of the best cash-back cards to take with you when traveling internationally.
This card is a great option if you have a big purchase coming up that will take a few months to pay off. It has an introductory APR of .
This card is marketed to people with good credit, which we generally define as scores above 690. This is not the only decent rewards card that's available to people with good (but not excellent) credit, but we appreciate that you don't have to be pushing 800 to qualify for a decent rewards card with low fees.
The has a lot going for it, but it isn't the best fit for everyone.
The pays 2% cash back on purchases — 1% when you make them, plus another 1% when you pay them off. That's obviously a better rate than the 1.5% on the Capital One card. However, the Citi card does not offer a sign-up bonus. Taking the bonus into account, you'd have to spend $30,000 with the before your total rewards exceed those on the . Once you reach that milestone, though, you'll always be ahead in terms of rewards.
Rewards rate aside, the lags the in a couple key areas:
If any of these is a dealbreaker for you, go for the .
Flat-rate rewards are perfect for consumers with varied spending habits. People who spend a significant chunk of their budget on gas and groceries should consider a card that specifically rewards these types of transactions. Enter the no-annual-fee . It offers 3% cash back at U.S. supermarkets (on up to $6,000 in spending per year — then 1%), 2% back at U.S. gas stations and select U.S. department stores, and 1% back on everything else. (Terms apply — see .)
If you spend at least $61 a week at the supermarket, take a look at the . It charges an annual fee of but pays much richer rewards: 6% cash back at U.S. supermarkets, on up to $6,000 a year in spending (then 1%); 6% cash back on select U.S. streaming subscriptions; 3% cash back at U.S. gas stations and on transit; and 1% cash back on all other purchases. (Terms apply — see .)
These cards also include bonus offers for new cardholders and 0% introductory APR periods.
If you don't mind logging in to your account every quarter to opt into bonus rewards categories, you may want to check out one of the 5% credit cards — the or the .
Both of these cards earn 5% cash back in categories that change every three months; you have to opt in to the category each time it changes. The 5% cash back is good on up to $1,500 per quarter in spending. All other spending earns 1% cash back. The current bonus categories for both cards can be found
To learn more about how your cash-back credit card options might stack up, check out our page.
Probably the best-known rival to the in the 1.5% cash-back game is the . The cards have identical rewards rates, both allow you to redeem cash back in any amount, and they have similar 0% APR periods, too.
Three noteworthy differences:
The isn't fancy. That's a feature, not a drawback. It doesn't pay the highest cash-back rate on the market, but few cards offer as compelling a combination of rewards rate, redemption simplicity, low fees, sign-up bonus and 0% APR period.
To view rates and fees of the , see . To view rates and fees of the , see .
on Capital One's website
Frequently asked questions
The earns 1.5% cash back on all purchases. The annual fee is , and new cardholders get this offer: .
The annual fee for the is .
The is designed for people with fair or average credit (generally defined as a score of 630 to 689). It can help you build credit if used carefully, but it doesn’t offer rewards. The offers 1.5% cash back on all purchases, but you'll need good credit or better to qualify.
Both cards earn 1.5% cash back, but the requires good to excellent credit to qualify. It has a annual fee and a sign-up bonus. You can qualify for the with fair credit, but it charges a annual fee and doesn’t offer a bonus.
To qualify for the , you'll need good to excellent credit — generally defined as a score of 690 or higher. You'll also have to meet other approval criteria, such as having sufficient income.