13 Best 2% to 5% cash back credit cards for 2023: No annual fee
If you are looking for a great cash back credit card, you have come to the right place. In this blog post, we will discuss the best 2% to 6% cash back credit cards available in 2023. We will also provide information on how to find the best card for your needs. So, whether you are looking for a card with the best cashback in one or more categories, we have you covered!
There are a few things to consider when choosing a cash back credit card. First, you need to decide cash back is offered in what category. If you travel often, you may want a card that offers cash back for travel expenses. Or, if you do not travel often, you may want a card that offers cash back on all of your purchases.
Once you have decided, you need to compare the different cards available. You can do this by looking at the interest rates, annual fee, and other features of each card. After you have compared the different cards, you will be able to choose the best one for your needs!
If you are looking for a great cash back credit card in 2023, be sure to check out our list of the best cards below. We have provided all of the information you need to choose the right card for your needs. So, what are you waiting for? Start comparing cash back credit cards today!
What are the Best cash back credit cards?
Best 2% cash back credit card
Best 2.5% cash back credit card
Best 3% cash back credit card
Best 5% cash back credit card
- Chase Freedom Flex
- Chase Freedom Unlimited
- US Bank Cash+ visa signature card
- Discover it cash back
- Citi custom Cash card
- Amazon Prime credit card
Best 6% cash back credit card (Bonus)
Note: if you click on the link for American Express above it’ll take you to the Amex Platinum card offer but you can pretty much choose any Amex card when you click on “view all cards with offers”. Blue cash preferred card is under the cash back category.
See my in-depth review below:
Best 2% cash back credit cards
1. Citi double cash card
The Citi® Double Cash Card is a Mastercard that provides cash back rewards to Cardmembers. Cardmembers earn 2% cash back, by earning 1% cash back on purchases, plus an additional 1% cash back as they pay for those purchases. Cashback is earned in the form of ThankYou Points. This means each billing cycle, you will earn 1 ThankYou Point per $1 spent on purchases and an additional ThankYou Point for every $1 paid on those purchases.
Pros
- No Annual fee
- 2% cash back on all categories no questions asked
- No rotating categories
- There are no limits to the amount of cash back you can earn.
Cons
- Cannot earn more than 2%
2. Wells Fargo Active Cash Card
Wells Fargo Active cash card lets you earn 2% cash back on purchases with no categories to track. Check out the link above as they are currently running a 200$ cash reward bonus for spending 1000$ in purchases in the first 3 months!
Pros
- Redeem cash back for purchases, to an account, to an ATM, or for gift cards
- Cell phone protection up to 600$
- 0 intro APR for 15 months
- No annual fee
- No rotating categories
Cons
- Cannot earn more than 2%
Best 2.5% cash back credit card
3. Alliant Cashback Visa® Signature Credit Card
Tier One Rewards
- 2.5% cash back on the first $10,000 of qualifying eligible purchases per billing cycle
- Unlimited 1.5% cash back on all other qualifying eligible purchases
- No annual fee
Earning Tier One Rewards
- Meet the requirements* for an Alliant High-Rate Checking account for each month of the preceding calendar quarter.
- Maintain an average daily balance of $1,000 or more in your Alliant High-Rate Checking account for each month of the preceding calendar quarter.
Eligibility will be determined on a quarterly basis and be based upon the four calendar quarters of each year, segmented as: January through March, April through June, July through September, and October through December. For example, to earn Tier One Rewards for January, February and March of 2022, you must meet the above requirements in October, November and December of 2021. New cardholders will initially earn Tier Two Rewards until they have met Tier One Rewards eligibility requirements for an entire calendar quarter.
Pros:
- No Foreign transaction fee
- No Annual fee
- No rotating categories
Cons:
- Capped at 2.5% cash back
- anything more than 10,000$ per billing cycle would only earn 1.5% cash back.
Best 3% cash back credit card
4. Bank of America customized Cash reward
This card would allow 3% cash back on all purchases in the category of your choice, 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases.
3% cash back on the category of your choice includes: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings
Pros:
- 3% cash back in the category of your choice
- No Annual Fee
Cons:
- you can only change a category once a month
- Not a flat rate cash back
- you can only earn 3% and 2% cash back on the first $2,500 in combined choice category, grocery store, and wholesale club purchases each quarter then will earn ONLY 1%
5. Wells Fargo AutographSM Card
Unlimited 3x points on the following categories:
Restaurants, Travel, gas stations, Transit (including ride shares), select streaming service, Phone plans.
Pros:
- Cell phone protection
- Auto rental collision damage waiver
- Travel and emergency service assistance
- Roadside Dispatch®
- Emergency cash disbursement and card replacement
- Complimentary Visa® Signature Concierge service
- Visa® Signature Luxury Hotel Collection
- My Wells Fargo Deals
- Zero liability protection
Cons:
- Not a flat rate cash back
6. Sofi Credit card
Sofi has now started offering up to 3% cash back for a limited time only. So it’s still technically a 2% cash-back credit card. But please keep reading below!
You will need to maintain a qualifying Direct Deposit every month with SoFi Checking and Savings in order to continue to receive this promotional cashback rate. Qualifying Direct Deposits are defined as deposits from an enrolled member’s employer, payroll, or benefits provider via ACH deposit. Deposits that are not from an employer (such as check deposits; P2P transfers such as from PayPal or Venmo, etc.; merchant transactions such as from PayPal, Stripe, Square, etc.; and bank ACH transfers not from employers) do not qualify for this promotion.
A maximum of 36,000 reward points can be earned from this limited-time offer. After the promotional period ends or once you have earned the maximum points offered by this promotion, your cash back earning rate will revert back to 2%. 36,000 rewards points are worth $360 when redeemed into SoFi Checking and Savings, SoFi Money, SoFi Invest, Crypto, SoFi Personal Loan, SoFi Private Student Loan or Student Loan Refinance and are worth $180 when redeemed as a SoFi Credit Card statement credit.
Note: if you go through my link below or in this post you will get unlimited 2% cash back and a 50$ welcome bonus
Pros:
- you can use the cash back to invest in stocks, crypto, etc, or to pay back Sofi loans.
- you can also tie in the credit card cashback to your Sofi Checking or Savings account which offers a higher APY than a conventional bank.
- No annual fee
Cons:
- After the promotion period, the cashback will revert back to 2%
More to come…Stay tuned!
Best 5% cash back credit card
9. US Bank Cash+ visa signature card
Best 6% cash back credit card
This one is added as a bonus but it does come with a 95$ annual fee.
13. American Express blue cash preferred card
What are cash back credit cards?
There are a few different types of cash back credit cards, but the best ones typically offer between 2 and 2.5 percent cash back on all of your purchases. Some cards also offer bonus categories that can earn you, even more, cash back, but these usually come with some restrictions.
Conclusion
Cash back credit cards are a great way to earn rewards on everyday purchases. With most cards, you can earn 2% cash back on all purchases, and some cards offer bonus categories that give you up to 6% cashback. This can add up quickly, especially if you use your card for all of your everyday spendings. Cash back rewards can be redeemed for statement credits, gift cards, or merchandise, so there are plenty of ways to use your rewards. And if you have a card with a good sign-up bonus, you can earn even more cash back. So if you’re looking for a way to earn rewards on your everyday spending, a cash-back credit card is the best option!
The best cashback credit cards for 2023 offer great rewards and perks, but make sure to read the fine print before signing up for one. There are a few things you need to watch out for, like annual fees, interest rates, credit scores, qualifying balance transfers, and restrictions on bonus categories. But if you can find a card that fits your spending habits, you could be earning a lot of cashback in no time. Thanks for reading!
