Geeky Insights:

Best Cash Back Credit Cards - October 2020

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DollarGeek's team has spent countless hours researching and analyzing the best credit cards. Start comparing today’s best credit cards and offers, from travel and cash back, to business and balance transfers. We focus on the features that matter: rewards programs, affordable APR, welcome offers and more. Choose a category below and find your best credit card today.

OVERALL RATING:
(5)

Discover it® Cash Back

BEST FOR: Cash back rates

Discover it® Cash Back

OVERALL RATING:
(5)
  • Purchase Intro APR:
    0% for 14 months
  • Transfer Intro APR:
    0% for 14 months | Transfer Fee: 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
  • Regular APR:
    11.99% - 22.99% (Variable Rate)
Compare Card Apply Now on Discover Bank's website
Credit Score Range
690
850
Annual Fee
$0
Purcahse Intro APR
0% for 14 months
Regular APR
11.99% - 22.99%
Rewards Rate
1 - 5% Cash Back
Rewards Bonus
None
Reward Details:
  • INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
  • Earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate.
  • Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
Geeky Insight:
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • No annual fee.
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OVERALL RATING:
(4.6)

Citi® Double Cash Card 18 month BT offer

BEST FOR: Flat rate cash back

Citi® Double Cash Card 18 month BT offer

OVERALL RATING:
(4.6)
  • Purchase Intro APR:
    0% for 18 months
  • Transfer Intro APR:
    N/A | Transfer Fee: 3% (min $5)
  • Regular APR:
    13.99% - 23.99% (Variable Rate)
Compare Card Apply Now on Citibank's website
Credit Score Range
720-850
Annual Fee
$0
Purcahse Intro APR
0% for 18 months
Regular APR
13.99% - 23.99%
Rewards Rate
2% Cash Back
Rewards Bonus
None
Reward Details:
  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
Geeky Insight:
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% - 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 13.99% - 23.99%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
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OVERALL RATING:
(4.9)

Costco Anywhere Visa® Card by Citi

BEST FOR: All around cash back rewards + Costco perks

Costco Anywhere Visa® Card by Citi

OVERALL RATING:
(4.9)
  • Purchase Intro APR:
    N/A
  • Transfer Intro APR:
    N/A | Transfer Fee: 3% (min $5)
  • Regular APR:
    15.24% - 15.24% (Variable Rate)
Compare Card Apply Now on Citibank's website
Credit Score Range
720-850
Annual Fee
$0
Purcahse Intro APR
N/A
Regular APR
15.24% - 15.24%
Rewards Rate
1 - 4% Cash Back
Rewards Bonus
None
Reward Details:
  • Discover one of Citi’s best cash back rewards cards designed exclusively for Costco members
  • 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter
  • 3% cash back on restaurants and eligible travel purchases
  • 2% cash back on all other purchases from Costco and Costco.com
  • 1% cash back on all other purchases
  • Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
Geeky Insight:
  • No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
  • The standard variable APR for Citi Flex Plan is 15.24%. Citi Flex Plan offers are made available at Citi's discretion.
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OVERALL RATING:
(4.7)

American Express Cash Magnet® Card

BEST FOR: Unlimited cash back + low intro APR

American Express Cash Magnet® Card

OVERALL RATING:
(4.7)
  • Purchase Intro APR:
    0% for 15 months
  • Transfer Intro APR:
    0% for 15 months | Transfer Fee: 3% (min $5)
  • Regular APR:
    12.99% - 23.99% (Variable Rate)
Compare Card Apply Now on American Express's website
Credit Score Range
690
850
Annual Fee
$0
Purcahse Intro APR
0% for 15 months
Regular APR
12.99% - 23.99%
Rewards Rate
1.5% Cash Back
Rewards Bonus
$150
Reward Details:
  • Earn a $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership.
  • Unlimited 1.5% Cash Back on your purchases.
  • Cash Back is received in the form of Reward Dollars that can be redeemed for statement credits.
  • Don’t wait for your Card in the mail. Start earning cash back before your Card even arrives, if eligible for Instant Card Number.
  • Terms Apply.
Geeky Insight:
  • Low intro APR: 0% for 15 months on purchases and balance transfers from the date of account opening, then a variable rate, currently 12.99% to 23.99%.
  • 0% introductory plan fee on each purchase moved into a plan during the first 15 months from the date of account opening with Plan It®, a feature that lets you split up big purchases into monthly payments with a fixed fee. After that, your plan fee will be up to 1.17% of each purchase moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase.
  • No Annual Fee.
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How The Best Cash Back Cards Compare

Overall Rating

Best For

Rewards Bonus

Rewards Rate

Annual Fee

(5.0)
Cash back rates
None
1 - 5% Cash Back
$0
(4.6)
Flat rate cash back
None
2% Cash Back
$0
(4.9)
All around cash back rewards + Costco perks
None
1 - 4% Cash Back
$0
(4.7)
Unlimited cash back + low intro APR
$150
1.5% Cash Back
$0

OTHER GEEKY PICKS

From Our Editors

BEST FOR: Cash back rates

The Delta SkyMiles® Blue American Express Card is a no-annual-fee rewards card that’s best for people with good credit or better who want to save extra at restaurants and on their Delta flights. This card will give you 2 miles per $1 in eligible restaurant and Delta purchases, compared to 1 mile per $1 on all other purchases. New cardholders who spend $500 in the first three months after opening an account also get 10,000 miles, worth roughly $127 in Delta airfare, per our calculations. Plus, the Blue Delta SkyMiles Credit Card provides a 20% statement credit after eligible in-flight purchases: food, beverages and headphones.

Best Cash Back Credit Cards of October 2020

Gain some clarity on the best business credit cards with our geeky insight.

BEST FOR: Cash back rates

Rewards Rate

1 - 5% Cash Back

Rewards Bonus

None

Annual Fee

$0

Rewards Details:

  • INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
  • Earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate.
  • Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.

Geek Point Of View:

This is one of Discover’s most popular cards and it’s not hard to see why. The Discover it Cash Back Card will give you the ability to earn up to 5% cash back on purchases, 0% intro rates on new purchases, 0% balance transfer and no annual fee. The whole combination the card gives you is quite rare, but this card also has a couple downsides. The cash back categories that can give you 5% might not always line up with your spending habits and the balance transfer does have a fee associated with it.

Check out our deep dive into the Discover it Cash Back card below:

  • 5% bonus categories offer huge savings + some hassle.The Discover it Cash Back credit card gives you 5% back on the first $1,500 you spend in designated purchase categories each quarter (not all categories). So, that 5% cash back on the first $1,500 you spend each quarter essentially means you can earn as much as $300 per year. To make it happen you have to sign up for the new bonus categories each quarter. So, in other words, it won’t just do it for you. Also keep in mind that there’s no guarantee the things you spend the most money on will qualify. For all the purchases that don’t fall under the specific category you will earn 1% cash back on.
  • First-year-rewards match is it’s best feature:For a limited time, the Discover it Cash Back will double your first-year earnings. That’s a great deal, worth an extra $525 to the average person, according to our calculations. But it’s not unique, as all of Discover’s rewards cards currently have this promotion.
  • No Annual Fee: There is annual fee with the Discover it Cash Back card.
  • Intro APR of 0% for 14 months: A nice intro APR of 0% can be an attractive perk if you need to buy some time on big-ticket purchase.
  • Healthy Credit Score: To qualify for the Discover it Cash Back card you will need to have good to excellent credit.

The bottom line: The Discover it Cash Back card gives a cash back rewards rate that is sky high, but you have to make sure those categories you earn the most points on match your spending – you don’t want to be stuck with a card that doesn’t reward your spending. If the category calendar has some familiar names, this card is ranks at the top.

APPLY ON THE LINK BELOW:

BEST FOR: Flat rate cash back

Rewards Rate

2% Cash Back

Rewards Bonus

None

Annual Fee

$0

Rewards Details:

  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.

Geek Point Of View:

The Citi Double Cash card is one of the best credit cards available right now. The combination of top cash-back rewards and no annual fee can let cardholders rack in the both rewards and savings. Aside from the no annual fee, the card gives you a total of 2% cash back in rewards on all purchases. How it works is, when you purchase something you will receive 1%, and after you pay the balance you will receive the other 1%. Having this 2% cash back rewards is a great perk that many cash rewards programs can’t compete with.

A couple of other things cardholders should be conscious of with this card is that while it does offer 0% interest for 18 months on balance transfers, it will also charge a balance transfer fee of 3% (min $5), which could make you think of some other options of your priority is a balance transfer. For those looking for a big sign up bonus, prepared to be disappointed. The Citi Double Cash card does not have any sign-up bonuses or initial rewards bonuses for spending a certain amount within the first few months of opening your account. The absence of an initial sign up bonus might be a disadvantage, but don’t forget you will be getting 2% cash back and no annual fees!

Below you will find a breakdown of the Citi Double Cash. Make sure to look these over before applying.

Citi Double Cash Review Highlights:

  • Double your cash back rewards: The Citi Double Cash Card offers cardholders 1% cash back twice – once when you make purchases and again when you pay your bill. The average cash back rewards credit card doesn’t compete with this high rate. 2% is a lot more attractive than the common 1% cash back.
  • No huge intro bonus: While this card offers much more ongoing value than most of the other cash back credit cards, the card does not include an initial bonus like most. So, if you’re looking to make a big-ticket purchase and get a big initial bonus for spending during the first months of owning the card, you might want to look elsewhere.
  • No annual fee: A lot of the best rewards cards charge annual fees, and it forces you to make a lot of purchases just to get your money’s worth. But with the Citi Double Cash card and it’s $0 annual fee, you can save unneeded cost. By not having an annual fee you can complement this card with another credit card and not worry about wasting money. As for an example, some cardholders will use the Citi Double Cash card for purchases in categories their other rewards cards won’t provide higher bonus earning rates for.
  • Zero-interest balance transfer intro offer: New applicants will get a promotional APR of 0% for 18 months on balance transfers (18 months is longer than most other cards provide cardholders). Balances transferred within four months of account opening are eligible for the introductory rate. Terms apply.
  • Balance transfers will cost you: The Citi Double Cash balance transfer offer is one of the best deals available (0% for 18 months), but it would be even better if it was paired up with a lower balance transfer fee. The transfer fee is 3% (min $5) so make sure to run the numbers.
  • High regular APR: This card comes with a high regular APR so if you’re not going to pay your bill in full every month you might want to look elsewhere.
  • You need a healthy credit score: You must excellent credit to qualify for the Citi Double Cash card.

The bottom line: The Citi Double Cash is among 2020’s best cash back credit cards due to its stellar rewards rate, no annual fee, and incentive for paying your monthly balance. If you are looking for a great card with simple, big cashback rewards, and no annual fee, you can’t go wrong with Citi Double Cash card.

BEST FOR: All around cash back rewards + Costco perks

Rewards Rate

1 - 4% Cash Back

Rewards Bonus

None

Annual Fee

$0

Rewards Details:

  • Discover one of Citi’s best cash back rewards cards designed exclusively for Costco members
  • 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter
  • 3% cash back on restaurants and eligible travel purchases
  • 2% cash back on all other purchases from Costco and Costco.com
  • 1% cash back on all other purchases
  • Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico

Geek Point Of View:

APPLY ON THE LINK BELOW:

BEST FOR: Unlimited cash back + low intro APR

Rewards Rate

1.5% Cash Back

Rewards Bonus

$150

Annual Fee

$0

Rewards Details:

  • Earn a $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership.
  • Unlimited 1.5% Cash Back on your purchases.
  • Cash Back is received in the form of Reward Dollars that can be redeemed for statement credits.
  • Don’t wait for your Card in the mail. Start earning cash back before your Card even arrives, if eligible for Instant Card Number.
  • Terms Apply.

Geek Point Of View:

APPLY ON THE LINK BELOW: