WalletHub, Financial Company
@WalletHub
The best credit cards for at least 3% cash back in major spending categories are:
- Everyday Purchases Blue Cash Preferred® Card from American Express
- Travel, Dining & Drugstores Chase Freedom Unlimited®
- Dining & Entertainment Capital One® Savor® Cash Rewards Credit Card
- Rotating Categories Discover it® Cash Back
- Top Spending Category Citi Custom Cash℠ Card
- Categories of Your Choice U.S. Bank Cash+™ Visa Signature® Card
All of these credit cards give 3% cash back, or more, on some types of purchases. There is no credit card currently on the market that gives 3% cash back on all purchases. The best flat-rate cash back credit cards typically give 2% cash back on all purchases.
Marshall Jamieson, WalletHub Finance Consultant
@bergman77
There are no credit cards with 3% cash back on everything, at least not forever. The closest you can get is with the Alliant Cashback Visa® Signature Credit Card. It gives 2.5% cash back on the first $10,000 per month (with qualifications met) and 1.5% otherwise, which is still fantastic. The catch is that you’ll need excellent credit to qualify for this card (anyone can join the credit union). This card doesn't have an annual fee.
The only other 3% cash back credit cards that exist just give you that earning rate on certain categories of purchases. One of the best offers is the Blue Cash Preferred® Card from American Express from American Express, which gives 3% cash back at U.S. gas stations and transit. On top of that, there’s 6% back on the first $6,000 spent per year at U.S. supermarkets and streaming subscriptions and 1% on everything else. The Blue Cash Preferred® Card from American Express has an annual fee of $0 intro 1st yr, $95 after. It requires good credit for approval.
Alliant has changed the rules. Now it is flat 2.5% provided you have a checking out with $1000 min balance and an electronic transfer (ACH) to the checking account every month
You are incorrect about there being NO Credit Cards offering 3% cash back on everything for the lifetime of the card. A small credit uniom in Northen Alabama called AOD FCU does offer 3% cash back on all pursches for the life of the card. There is NO annual fee for this card too ever. The credit union is very restrictive in letting people join. Thats the downside.
Alliant Credit Union (Signature VISA) is still offering 3% cash back on ALL purchases for the first year. 2.5% on ALL purchases after that.
Sarah Bilkins, WalletHub Credit Card Advisor
@sarah.bilkins
If you’re a Costco member, there’s the Costco Anywhere Visa® Card by Citi: unlimited 3% cash back on restaurant and travel purchases, plus 4% back on your first $7,000 in gas purchases every year. Costco purchases get 2% back and whatever else you buy gets 1%. The Capital One® Savor® Cash Rewards Credit Card is a great alternative if you’re not into Costco. This card gives 4% cash back on dining, entertainment and popular streaming services, 3% back at grocery stores and 1% back on all other purchases, as well as 8% back on tickets at Vivid Seats through January 2023. It has a $300 initial bonus, too, and has a $95 annual fee.
People also ask
What is the best 2% cash back credit card?
The best 2% cash back credit card is the Citi® Double Cash Card – 18 month BT offer. Citi Double Cash is the best 2% cash back credit card because it has a $0 annual fee and gives unlimited 1% cash back when buying something plus another 1% when paying … read full answer
show less
What's the best travel rewards credit card?
You can use the credit card comparison page on WalletHub to search for credit card options available and sort and compare by offers:
https://wallethub.com/credit-cards/
Victoria Ryann, Member
@CreditCardGuru
The USALLIANCE Visa Signature Card is 3% cashback on every single purchase & the card has no annual fee which makes it a favorite of mine. Here’s the link https://go.usalliance.org/signature-card-rewards
Did we answer your question?