Credit card with highest cashback rate are great and will help you save on all the purchases you make, from a snack to the trip of your dreams.
We have filtered all the options on the market and selected only the best credit card with highest cashback rate. You will know everything about each one, finding out their cashback rates, credit requirements, extra benefits and differentials so that you can choose the most advantageous option.
Thus, you will understand which card best meets your needs and apply for it quickly, without any problem, knowing its benefits and especially the details you should pay attention to.
How do cashback credit cards work?
Credit cards with cashback work as a way to save on each purchase.
Basically, when you use the card, a percentage of the amount spent is returned by the financial institution. This return may vary according to the category.
This is because some cards offer fixed cashback on all purchases. While others reward more in specific stores, for example, gas stations, supermarkets, or restaurants.
04 Main credit card with highest cashback rate
Now that you know the details about each of the most interesting cards on the market. Let’s go!
1. Prime Visa (Credit Card with Highest Cashback Rate)
Prime Visa is a credit card with no annual fee that offers an excellent cashback opportunity. Especially for those who are Amazon Prime members.
Once you have the card approved, you will receive a welcome bonus, earning $150.00.
By using it, you can accumulate 5% cashback on purchases at Amazon.com, Amazon Fresh, Whole Foods Market and also on bookings via Chase Travel. As long as the holder has an active Prime subscription.
In addition, the card offers a 2% return on expenses with gas stations, restaurants, local transportation and ride-hailing apps. In other cases, the other expenses, the cashback is 1%.
The accumulated points are used for purchases made on Amazon, with the possibility of redemption the day after the purchase.
Regarding rates, the APR varies between 19.49% and 28.24% and the credit score requirement between 690 and 850.
In this way, the Prime Visa is ideal for those who are already used to buying online and are looking to increase the return on their spending.
2. Wells Fargo Active Cash Card
First and foremost, the Wells Fargo Active Cash Card is an excellent choice for those looking for a simple card with a good cash back condition.
The first benefit is that the Wells Fargo card does not pay an annual fee. In addition, the card offers unlimited 2% cashback on all purchases, regardless of category.
In addition, new holders get a $200 cashback bonus after spending $500 in the first three months.
Another highlight is the benefit of 0% introductory APR for 12 months for both purchases and qualifying balance transfers, with APR can reach up to 29.24% after this period.
Fees are also points of attention. First, for transfers made within the first 120 days, a 3% fee applies; then, up to 5% (minimum of US$ 5).
3. Chase Freedom Unlimited (Credit Card with Highest Cashback Rate)
Chase Freedom Unlimited is an option for you who are looking for a versatile credit card, with a good return on cashback and no annual fee.
The card’s proposal is simple, reward everyday consumption with reimbursement percentages. Especially for those who spend in restaurants, pharmacies and trips through Chase Travel.
In principle, the cashback rate is 1.5% for all other purchases. In addition, you can get 5% of the money back, on trips purchased via Chase and 3% on meals and pharmacies;
Another important advantage is the introductory period with 0% APR on purchases and balance transfers in the first 15 months. This is advantageous for those who need a breather at the beginning of using the card.
For those who are building or consolidating a good financial history, Chase Credit Journey is an interesting bonus, as it will use a tool that allows you to monitor your credit score for free. With alerts and continuous monitoring.
In summary, Chase Freedom Unlimited offers a solid balance between practicality and rewards, making it ideal for you if you’re looking for a simple-to-use card.
4. Capital One Savor Cash Rewards Credit Card
The Capital One Savor Cash Rewards Credit Card is suitable for those looking to turn each experience into financial return. It is a card focused on leisure, food, and entertainment, with above-average cashback rates for users who frequent restaurants, subscribe to streaming platforms, attend events, or travel frequently.
At first, you will receive 3% cashback on restaurants, entertainment and streaming services. However, the biggest highlights are the 8% return on purchases made by Capital One Entertainment and 5% on hotels and car rentals booked by Capital One Travel. Because of this is one of the best credit cards for travel.
In addition, the card does not require an annual fee and will also have a welcome bonus of US$ 200 for those who reach an initial spend of US$ 500 in the first three months. You’ll still have 0% APR for the first 15 months.
However, to get this card, it is recommended that you have at least 700 score points. If you meet this requirement, without a doubt, this is the best cashback credit card you will get. Especially if you travel frequently.
Conclusion (Credit Card with Highest Cashback Rate)
Choosing the credit card with the highest cashback rate is more than looking for the highest percentage of return. This decision requires you to align the card with your lifestyle and consumption pattern.
We recommend, for those who spend general purchases with constant return. Wells Fargo Active Cash® and Chase Freedom Unlimited as they get a good percentage of cash back in these situations.
If the focus is on online shopping, Prime Visa maximizes return with up to 5% cashback, while Capital One Savor is better for frequent travelers.
Regardless of the choice, use the card consciously, always pay the full amount of the invoice and monitor the benefits. Thus, you turn each purchase into savings, without interest, without debt, and with much more control over your money.