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Best Flat-Rate Cashback and Rewards Cards

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If you don’t want to deal with a cashback card that has rotating cashback categories, or have to keep track of which specific categories earn higher rewards such as supermarket or gas station spending, a flat-rate cashback credit card can make your life easier.

Based on our research of cards available through LendingTree, as well as top cards offered by major issuers, we’ve selected some of the best flat-rate credit cards that offer from 1.5% cash back per $1 spent (or 1.5 points or miles per $1 spent) to 2.5% cash back. Of the credit cards on this list, the majority are consumer cards, while some are small business cards.

Best 2.5% cashback credit card

Alliant Cashback Visa® Signature Credit Card

Rewards: Earn 2.5% cash back on all purchases. This is the highest cashback rate we could find on any flat-rate credit card.

Sign-up bonus: No bonus.

Annual fee: $99, waived the first year.

Other benefits: This card comes with a bunch of benefits that can come in handy when you travel, including roadside assistance, auto rental collision damage waiver and travel accident coverage. There are also select Visa Signature® benefits such as travel accident insurance and concierge services. Note that this is a credit union card, so you’ll have to join Alliant Credit Union. If you don’t meet the standard membership requirements, there is an option to join Alliant’s partner charity (Alliant will contribute the required $5 on your behalf) to become eligible.

Best 2% cashback credit cards

Citi® Double Cash Card – 18 month BT offer

Disclosures |
Citi® Double Cash Card
Citi® Double Cash Card – 18 month BT offer
on Citibank's secure site
N/A
13.99% – 23.99% (Variable)
$0
Earn 2% on every purchase with unlimited 1% cash back when you
  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% – 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 13.99% – 23.99% based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
660 850

How LendingTree Gets Paid

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.


Rewards: Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. There’s no limit on how much cash back you can earn and you can redeem your cash back as a statement credit, by direct deposit or check or convert it to Citi ThankYou® points.

Sign-up bonus: No bonus.

Annual fee: $0

Other card details: This card is a good choice for people looking to get out of debt. There’s an intro APR of 0% for 18 months on balance transfers. After, a 13.99% – 23.99% (variable) APR applies. That is a great length of time for you to pay off transferred debt. The balance transfer fee is 3% of each balance transfer; $5 minimum.

Fidelity® Rewards Visa Signature® Card

Rewards: Unlimited 2% cash back on everyday purchases.

Sign-up bonus: Receive 10,000 bonus points — which equals $100 cash back, when deposited into an eligible Fidelity account — after making at least $1,000 in eligible purchases within the first 90 days of account opening.

Annual fee: $0

Other benefits: This card offers Visa Signature® benefits that include a dedicated concierge available to assist with a variety of requests, from booking travel to buying concert tickets. There are also special shopping and travel benefits that may include discounts at select merchants and best available rate guarantee at hotels.

PayPal Cashback Mastercard®

Rewards: Get 2% cash back every day, every purchase, every time you use your card.

Sign-up bonus: No bonus.

Annual fee: $0

Other benefits: The PayPal Cashback Mastercard® comes with Mastercard benefits such as ID Theft Protection, which offers an online monitoring dashboard you can activate and a team of identity theft resolution specialists you can call 24/7.

Capital One Spark Cash for Business

Disclosures |
Capital One Spark Cash for Business
Capital One Spark Cash for Business
on Capital One's secure site
N/A
20.99% (Variable)
$0 intro for first year; $95 after that
2% Cash Back for your business on every purchase, everywhere
  • Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Earn unlimited 2% cash back for your business on every purchase, everywhere, no limits or category restrictions
  • Purchase above your credit limit with no hassle and no over-limit fees
  • $0 annual fee for the first year; $95 after that
  • Free employee cards, which also earn unlimited 2% cash back on all purchases
  • $0 Fraud Liability if your card is lost or stolen
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • No foreign transaction fees
680 850

How LendingTree Gets Paid

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Rewards: Earn 2% Cash Back for your business on every purchase, everywhere.

Sign-up bonus: Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening.

Annual fee: $0 intro for first year; $95 after that.

Other benefits: This card offers year-end spending summaries, purchase records that can be downloaded in multiple formats (including Quicken, QuickBooks and Excel) and Visa Business Benefits such as auto rental damage waiver and purchase security and extended protection.

Capital One Spark Miles for Business

Rewards: Earn 2 miles per $1 on every purchase, everywhere.

Sign-up bonus: Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening.

Annual fee: $0 intro for first year; $95 after that.

Other benefits: Earn 5X miles per $1 spent when booking hotels and car rentals through Capital One Travel. Plus, receive one statement credit for either the $85 TSA Pre✓® application fee or the $100 Global Entry application fee when you use your Capital One Spark Miles for Business.

Best 1.5% cashback and rewards cards

Capital One Quicksilver Cash Rewards Credit Card

Rewards: Earn 1.5% Cash Back on every purchase, every day.

Sign-up bonus: Get a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening.

Annual fee: $0

Other benefits: Benefits include extended warranty protection, travel accident insurance and a foreign transaction fee of None.

Chase Freedom Unlimited®

Disclosures |
Chase Freedom Unlimited®
Chase Freedom Unlimited®
on Chase's secure site
0% Intro APR for 15 months
14.99% - 23.74% Variable
$0
Earn 5% cash back on travel purchased through Chase, 3% on dining
  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn unlimited 1.5% cash back on all other purchases.
  • Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.
  • No annual fee
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open
680 850

How LendingTree Gets Paid

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Sign-up bonus: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.

Rewards: Earn 5% cash back on travel purchased through Chase, 3% on dining and drugstores, and 1.5% on all other purchases. And if you have a or Chase Sapphire Reserve®, you can transfer rewards earned on the Chase Freedom Unlimited® to your Sapphire card, then redeem for extra value for travel through the Ultimate Rewards portal.

Annual fee: $0

Other benefits: Earn 5% cash back on Lyft rides through March 2022. And get a complimentary membership in DashPass for three months — a service from DoorDash that provides unlimited deliveries for a $0 delivery fee on orders over $12. Note that after your complimentary membership ends, you’ll be automatically enrolled in DashPass at 50% off for the next nine months. Activate the benefit by Dec. 31, 2021.

Discover it® Miles

Disclosures |
Discover it® Miles
Discover it® Miles
on Discover's secure site
0% Intro APR for 14 months
11.99% - 22.99% Variable APR
$0
Automatically earn unlimited 1.5x Miles on every dollar of every purchase -
  • UNLIMITED BONUS: Only Discover will automatically match all the Miles you’ve earned at the end of your first year. For example, if you earn 35,000 Miles, you get 70,000 Miles.  There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match.
  • Automatically earn unlimited 1.5x Miles on every dollar of every purchase - with no annual fee.
  • New! Redeem Miles to pay any part of your monthly bill, including your minimum payment.
  • Turn Miles into cash in any amount, any time. Or redeem as a statement credit for travel purchases like airfare, hotels, rideshares, gas stations, restaurants and more with no blackout dates. However you redeem, Miles keep the same value. And Miles never expire.
  • No Blackout Dates. Simply pay for travel purchases like airlines, hotels, rental cars, and more with your Discover it® Miles card.
  • Discover is accepted nationwide by 99% of the places that take credit cards.
  • Freeze your account in seconds with an on/off switch either on the mobile app or website to prevent new purchases, cash advances, and balance transfers.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
670 850

How LendingTree Gets Paid

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Rewards: Automatically earn unlimited 1.5x Miles on every dollar of every purchase - with no annual fee.

Sign-up bonus: Only Discover will automatically match all the Miles you’ve earned at the end of your first year. For example, if you earn 35,000 Miles, you get 70,000 Miles. There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match.

Annual fee: $0

Other benefits: The Discover it® Miles offers benefits including alerts if your Social Security number is found on the Dark Web (you must sign up), free access to your FICO® Score and the ability to freeze and unfreeze your card in case you misplace it.

American Express Cash Magnet® Card – $150 Welcome Offer

Rewards: Earn unlimited 1.5% cash back on your purchases. Cash back earned will be applied as a statement credit.

Welcome offer: Get a $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership.

Annual fee: $0 

Other benefits: Benefits include car rental loss and damage insurance, free two-day shipping when you shop online with ShopRunner and special access to events such as concerts, Broadway shows and sporting events.

To see rates & fees for American Express Cash Magnet® Card – $150 Welcome Offer please click here.

USAA® Preferred Cash Rewards Visa Signature® Card

Rewards: Earn 1.5% cash back on all qualifying purchases.

Sign-up bonus: None

Annual fee: $0

Other benefits: When you enter active military duty, get a special 4% APR on any existing balances. That’s better than the 6% APR required by the Servicemembers Civil Relief Act. Note that you must be a USAA member in order to apply for this card.

PenFed Power Cash Rewards

Rewards: Get 2% CASH BACK on all purchases for PenFed Honors Advantage Members, or 1.5% CASH BACK on all purchases.

Sign-up bonus: Receive a $100 bonus when you spend $1,500 in the first 90 days.

Annual fee: $0

Other card details: The PenFed Power Cash Rewards’s regular purchase APR is 9.24%-17.99% variable. If you qualify for the lower end of that range, that’s a low interest rate compared with many competing cashback cards, and has the potential to save you money if you need to roll over a balance once in awhile. While you can apply without being a Pentagon Federal Credit Union member, you’ll need to join, open a Savings/Share Account and deposit at least $5 before you can get the credit card.

Capital One Spark Cash Select for Business

Disclosures |
Capital One Spark Cash Select for Business
Capital One Spark Cash Select for Business
on Capital One's secure site
0% on purchases for 9 months
13.99% - 23.99% (Variable)
$0
1.5% Cash Back on every purchase
  • Earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions
  • Earn a one-time $200 cash bonus once you spend $3,000 on purchases within the first 3 months from account opening
  • Save on interest with 0% intro APR on purchases for 9 months; 13.99% - 23.99% variable APR after that
  • No annual fee
  • Free employee cards, which also earn unlimited 1.5% cash back on all purchases
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • $0 Fraud Liability if your card is lost or stolen
  • No foreign transaction fees
680 850

How LendingTree Gets Paid

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Rewards: Earn 1.5% Cash Back on every purchase.

Sign-up bonus: Earn a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening.

Annual fee: $0

Other benefits: Get employee cards at no cost, year-end summaries, and purchase records that can be downloaded in multiple formats (such as Quicken, QuickBooks and Excel).

Capital One® Spark® Miles Select for Business

Rewards: Earn 1.5 Miles per $1 on every purchase.

Sign-up bonus: Get a one-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening.

Annual fee: $0

Other benefits: Earn 5X miles per $1 spent when booking hotels and car rentals through Capital One Travel with the card. Get purchase records you can download in multiple formats, including Quicken, QuickBooks and Excel.

Is an annual fee worth it for your cashback card?

To help you decide whether an annual fee is worth paying, we put together two tables. The first compares the Alliant Cashback Visa® Signature Credit Card (which has an annual fee of $99, waived the first year) to no-annual-fee 2% cashback cards, such as the Citi® Double Cash Card . The second table compares the Capital One Spark Cash for Business and the Capital One Spark Miles for Business (with annual fees of $0 intro for first year; $95 after that) to cards offering 1.5% rewards with no annual fee. There’s a tipping point in each case where higher rewards outweigh the annual fee.

2.5% cash back vs. 2% cash back (consumer cards)

Annual spendingNet cash back earned when using a 2.5% cashback card with a $99 annual feeNet cash back earned when using a 2% cashback card with a $0 annual fee
$1,000-$74$20
$5,000$26$100
$10,000$151$200
$15,000$276$300
$20,000$401$400
$25,000$526$500
$30,000$651$600

2% cash back vs. 1.5% cash back (business cards)

Annual spendingNet cash back earned when using a 2% cashback card with a $95 annual feeNet cash back earned when using a 1.5% cashback card with a $0 annual fee
$1,000-$75$15
$5,000$5$75
$10,000$105$150
$15,000$205$225
$20,000$305$300
$25,000$405$375

The information related to the Alliant Cashback Visa® Signature Credit Card, Fidelity® Rewards Visa Signature® Card, PayPal Cashback Mastercard®, Capital One Spark Miles for Business, American Express Cash Magnet® Card – $150 Welcome Offer, Capital One Quicksilver Cash Rewards Credit Card, USAA® Preferred Cash Rewards Visa Signature® Card, PenFed Power Cash Rewards and Capital One® Spark® Miles Select for Business have been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to American Express credit card offers. See americanexpress.com for more information.