Best Credit Cards of 2023: Cash Back Credit Cards

To determine the best credit cards of April 2023 for cash back rewards, we considered several factors, including:

Other benefits, such as 0% intro APR periods, fraud protection, and free credit score monitoring

We also looked at user reviews and ratings to get a sense of how real people are using and benefiting from these credit cards.

The Chase Freedom Unlimited® is a great cash back credit card for people who want a simple rewards program without any annual fees. Here are some of the card's key features:

Earn a $200 bonus after you spend $500 on purchases in the first three months of account opening.

One of the best things about the Chase Freedom Unlimited® is its simplicity. You don't have to worry about spending categories or activation requirements. You earn 1.5% cash back on every purchase, which can add up quickly. Plus, with the $200 sign-up bonus, you can start earning rewards right away.

The 0% intro APR period on purchases and balance transfers is another attractive feature. This can save you money on interest if you need to make a large purchase or transfer a balance from a high-interest credit card.

Overall, the Chase Freedom Unlimited® is an excellent choice for people who want a straightforward cash back rewards program without any annual fees. Stay tuned for part 2 of our article to learn about another great cash back credit card.

The Citi® Double Cash Card is a great option for those who want a simple and straightforward cash back program. You can earn up to 2% cash back on every purchase you make with the card, which is broken down into 1% cash back when you make a purchase and another 1% cash back when you pay your bill. There are no caps or categories to worry about, so you can earn cash back on all of your spending.

One of the biggest benefits of the Citi® Double Cash Card is its lack of an annual fee. This means you can enjoy the benefits of the card without having to pay anything extra. Additionally, the card offers an introductory 0% APR on balance transfers for the first 18 months, making it a great option for those looking to consolidate their debt.

The Discover it® Cash Back is a great option for those who want a high cash back rate and the ability to earn cash back in rotating categories. You can earn 5% cash back on up to $1,500 in purchases in rotating categories each quarter (activation required), and 1% cash back on all other purchases.

One unique feature of the Discover it® Cash Back is the ability to earn cash back on eligible purchases made with Amazon.com, Target.com, and Walmart.com during the fourth quarter of the year. This can help you maximize your rewards during the holiday season.

The card also offers an introductory 0% APR on purchases and balance transfers for the first 14 months, and there is no annual fee. Plus, Discover will match all of the cash back you earn in the first year of card membership, effectively doubling your rewards.

With so many great cash back credit cards available, it can be difficult to choose the one that is right for you. Here are some things to consider when making your decision:

Cash back rate: Look for a card with a high cash back rate, especially in categories where you spend the most.

By considering these factors and doing your research, you can find the cash back credit card that best suits your needs and helps you maximize your rewards.

If you're looking for a straightforward cashback card with no annual fee, the Capital One Quicksilver Cash Rewards Credit Card is a great option. It offers a flat 1.5% cashback on all purchases, with no caps or categories to keep track of.

One standout feature of this card is its signup bonus: you can earn a $200 cash bonus after spending $500 in the first 3 months of account opening. Additionally, the card offers a 0% introductory APR on purchases and balance transfers for the first 15 months, which can be a helpful way to finance larger purchases or consolidate debt.

Another benefit of the Capital One Quicksilver Cash Rewards Credit Card is its lack of foreign transaction fees. If you travel internationally, this can save you a significant amount of money on your purchases. The card also comes with a range of travel and purchase protections, including travel accident insurance, extended warranty coverage, and price protection.

However, it's worth noting that the Capital One Quicksilver Cash Rewards Credit Card does have a balance transfer fee of 3% (or $5, whichever is greater), so if you're primarily looking to transfer high-interest debt, you may want to consider a card with a lower fee.

The Citi® Double Cash Card is another popular cashback card that offers a competitive rewards rate and a unique earning structure. Cardholders can earn 1% cashback on all purchases, plus an additional 1% cashback when they pay their bill, effectively earning 2% cashback on all purchases.

The card also offers a 0% introductory APR on balance transfers for the first 18 months, with a balance transfer fee of 3% (or $5, whichever is greater). Additionally, there is no annual fee for the Citi® Double Cash Card.

One potential downside of this card is its lack of a signup bonus, so if you're primarily looking for a card with a lucrative bonus offer, this may not be the best fit. However, its ongoing rewards rate can make up for this, particularly if you plan to use the card for everyday purchases.

Like the Discover it® Cash Back, the Citi® Double Cash Card also offers a range of additional benefits, including travel accident insurance, extended warranty coverage, and price protection. However, it does have a foreign transaction fee of 3%, so it may not be the best choice for international travel.

Overall, the Capital One Quicksilver Cash Rewards Credit Card and the Citi® Double Cash Card are both excellent options for cashback rewards, depending on your specific needs and spending habits. By comparing their rewards rates, fees, and benefits, you can determine which card is the best fit for you.

Cash back credit cards can be an excellent way to earn rewards for your everyday purchases. By choosing a card that offers high cash back percentages on the categories you spend the most on, you can maximize your rewards and earn significant cash back over time.

In this article, we covered some of the best cash back credit cards available in April 2023. From the Chase Freedom Unlimited® to the Discover it® Cash Back, these cards offer generous rewards and valuable perks. Whether you're looking for a card with a simple rewards structure or one that offers bonus cash back on rotating categories, there's a card on this list for you.

However, it's important to note that cash back credit cards are best suited for those who can pay off their balance in full each month. If you carry a balance, the interest charges can quickly offset any rewards earned. Additionally, some cash back cards come with an annual fee, so it's important to factor this into your decision.

Before applying for a cash back credit card, make sure to carefully review the terms and conditions, including the rewards structure, fees, and interest rates. By choosing the right card and using it responsibly, you can earn valuable cash back rewards and improve your overall financial health.

So, which cash back credit card is right for you? That depends on your spending habits and financial goals. Take some time to review your monthly expenses and determine which categories you spend the most on. Then, consider a card that offers high cash back percentages in those categories. With a little research, you can find the perfect cash back credit card for your needs and start earning valuable rewards on every purchase.

Thank you for reading and we hope this article helped you find the best cash back credit card for your needs. Happy spending!