Top Cash Back Credit Cards & Prepaid Cards of 2020

When you use a cash back credit card you get some of your money back! The cash back credit cards can help you save on gas and groceries and can give you even more cash back when you shop online. Some credit offers may even come with a one-time sign-up bonus! Each cash rebate card has its own terms and instructions. Compare credit cards rewards terms below and apply for the card that gives the best rewards, perks, and savings.

August 2020: BEST CASH BACK OFFER

5
Card Overall Rating
Any Credit (No Credit Check)
Guaranteed Approval
No
Instant Response
Yes
Credit Check
No
Activation Fee
See terms
  • Get your tax refund faster than a paper check.
  • No-Fee Cash Withdrawals at ACE.
  • Use everywhere Visa® debit cards are accepted.

More Cash Back Offers

5
Card Overall Rating
  • Unlimited fee-free ATM withdrawals at Allpoint ATMs
  • Up to 10% cash back on debit card purchases
  • Up to 1.00% APY on savings
Guaranteed Approval
No
Instant Response
No
Credit Check
No
Activation Fee
$10
5
Card Overall Rating
Fair/Good/Limited/No Credit
  • No fees whatsoever. No late fee, international fee, annual fee, or any-other-kind-of-fee, fee
  • Up to 1.5% cash back after making 12 on-time monthly payments
  • Variable APRs 12.99% - 29.49%
  • 1% cash back on eligible purchases right away
  • Up to 10% cash back from select merchants
  • Build credit alongside tens of thousands of Petal Card members
  • Cash flow technology may help applicants without credit history get approved
  • $500 - $10,000 credit limits
  • Petal's mobile app makes it easy to manage your money, track your spending, and automate payments
  • See if you're pre-approved within minutes without impacting your credit score
  • Petal reports to all 3 major credit bureaus
  • No deposits required
  • Card issued by WebBank, Member FDIC
Intro APR on Purchases
N/A
Intro APR on Balance Transfers
N/A
Ongoing APR
12.99% - 29.49% Variable
Annual Fee
$0
4
Card Overall Rating
  • Instant $500 Credit Line
  • Reports to Trans Union, Equifax and Experian
  • Shop Exclusively at NationalCreditDirect.com
  • No Over Limit Fee
  • Bad Credit, No Credit, No Problem
  • Build Your Credit and Payment History with Unsecured Credit Line
  • 5% Cash Back on All Purchases or FREE merchandise6
  • Instant Response -- Start shopping in just minutes
Intro APR on Purchases
n/a
Intro APR on Balance Transfers
n/a
Ongoing APR
0.0%
Annual Fee
See Terms*
5
Card Overall Rating
Any Credit (No Credit Check)
  • Get your tax refund faster than a paper check.
  • No-Fee Cash Withdrawals at ACE.
  • Use everywhere Visa® debit cards are accepted.
  • Manage your money online and on-the-go.
  • ACE Elite with Direct Deposit FeeAdvantageTM Plan.
  • Earn Payback Rewards.
Guaranteed Approval
No
Instant Response
Yes
Credit Check
No
Activation Fee
See terms
5
Card Overall Rating
Any Credit (No Credit Check)
  • No-Fee Cash Withdrawals at ACE.
  • Enroll in Direct Deposit, and You Can Get Paid Faster.
  • Access Your Account From the Palm of Your Hand.
  • Transfer Funds.
  • Reward Yourself.
  • Give back with the Pink ACE Elite Card.
Guaranteed Approval
No
Instant Response
Yes
Credit Check
No
Activation Fee
See terms
5
Card Overall Rating
Any Credit (No Credit Check)
  • Get your tax refund faster than a paper check.
  • No-Fee Cash Withdrawals at ACE.
  • Use everywhere Visa® debit cards are accepted.
  • Manage your money online and on-the-go.
  • ACE Elite with Direct Deposit FeeAdvantageTM Plan.
  • Earn Payback Rewards.
Guaranteed Approval
No
Instant Response
Yes
Credit Check
No
Activation Fee
See terms

Cash Back Credit Cards

Cash back credit cards are a great way to earn money back when you make purchases using your credit card. Funds are deposited directly into your bank account or deducted from your outstanding credit card balance, so essentially, the more money you spend, the more you save.

However, there are definitely some things to consider when deciding which cash back credit card fits your needs.

  • Look at how much you spend using your credit card and what kinds of purchases do you typically make. If you are going to make a big purchase in the near future, consider a card that has a promo offer.
  • For non-frequent credit card users, opt for a card that does not require you to enroll in order to earn rewards. The card that will reward you for every purchase you make with be the best option.
  • Know if the card has annual reward limits. You may be out spending money to rake in rewards not realizing that you have already surpassed your limit.
  • Find a card that gives you cash back on everyday purchases like groceries and gas. If you only get cash back on airfare and you never travel by air then you may have chosen the wrong card.
  • Ensure that the rewards redemption process is easy and fast. Opt for a card that deposits cash back directly into your bank account. Or choose to have your cash back redeemed as travel statement credit once you reach a certain limit.
  • Probably the easiest to overlook, be sure to redeem points before they expire.

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This tool finds credit offers that suit your situation best. However, only lenders and issuers decide whether you'll be approved or not for an offer.

Not Sure Which Card to Choose?

Ask Our Experts or Read Credit Card FAQs
A cashback card is a card that gives you cash back as rewards. Basically this means that a percentage of the amount spent on purchases is returned to you. This percentage may differ depending on the terms of a credit card issuer that produces your...
Issuers have different rules of cash back redemption. Before applying for a card always check what ways of reedeeming are available for your card: Namely, the most popular ways are the following: Bank Deposit: the cash back you’ve earned is put...
When you are thinking of applying for a credit card, all factors need to be taken into account, especially if you pay any fees for this card. With cash back cards, it's pretty simple - yes, in most cases they are worth it. Cash back cards give you...
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