The Best Flat-Rate Cash Back Credit Cards
The best thing about using credit cards for everyday purchases are the rewards and cash back you can earn to help make the most of your monthly spending. On the flip side, keeping track of rotating categories and specific spending requirements can be a hassle.
Well, there’s good news. There are some flat-rate credit cards that don’t require you to enroll in bonus spending categories to earn cash back on all your purchases. Here are four of the best flat-rate cash back credit cards currently available, no spending categories needed to qualify.
Citi® Double Cash Card
With the Citi® Double Cash Card from Citi, a Credit Cards House advertiser, you’ll earn an impressive 2% cash back reward. In an industry where non-spending category cards reward you with 1% - 1.5% cash back, Citi offers you 1% cash back on every purchase you make and another 1% cash back when you pay off your balance.
Best of all, there’s no annual fee to access this card’s cash back rewards, and you’ll also get 0% interest on balance transfers for the first 18 months (after the intro period, the APR will be 18.49% - 28.49% (Variable) based on your creditworthiness).
Capital One Quicksilver Cash Rewards Credit Card
The Capital One Quicksilver Cash Rewards Credit Card offers a flat 1.5% cash back on all purchases. You have unlimited reward potential on the amount of cash back rewards you can earn, and rewards can be redeemed at any threshold.
This means you can purchase anything using the Capital One Quicksilver Cash Rewards Credit Card, and you’ll earn an unlimited 1.5% cash back — no rotating categories or bonus spending categories to keep track of. You also earn an unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.
New cardholders receive an introductory 15 month 0% APR on new purchases and balance transfers (then a 19.24%-29.24% variable APR applies). New cardholders also have the opportunity to earn a $200 cash bonus after spending $500 within three months from account opening.
With a $0 annual fee, no foreign transaction fees and rewards that never expire, this flat-rate cash back credit card is one of the best in its category.
Chase Freedom Unlimited® Credit Card
Another great flat-rate credit card that makes our list is the Chase Freedom Unlimited® card. The introductory offer allows cardholders to earn an additional 1.5% cash back on all purchases (on up to $20,000 spend in the first year). This means that in the first year, you can earn 6.5% cash back on travel purchases through Chase Ultimate Rewards®. You also earn 4.5% cash back on purchases at drugstores, dining, takeout and eligible delivery services, and 3% on all other purchases.
After your first year with the card (or $20,000 spent), cardholders can earn 5% on travel purchases through Chase, 3% on dining and drugstore purchases, and 1.5% on all other purchases — all with a $0 annual fee. There are no restrictions on when you can redeem your rewards since you can do so at any threshold and at any time.
The Chase Freedom Unlimited® card offers an unmatched approach to earning cashback rewards, with no limitations or spending caps. In addition, you have the option to redeem your rewards for travel, a cash deposit or statement credit, gift cards or toward purchases made on Amazon.
Choosing the Best Flat-Rate Credit Card
When choosing the best flat-rate cash back credit cards, these cards top the list for a reason. Not only will you earn significant cash back on all your everyday purchases, you won’t pay an annual fee to access these rewards. If you’re looking to avoid the hassle of rotating categories or specific spending limitations on reward credit cards, you can’t go wrong with one of these flat-rate credit cards.
First published , last updated
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.