Top 3 Rewards Credit Cards for Maximum Cash Back in 2024
Explore the top three cashback credit cards of 2024, each offering unique benefits like high rewards on groceries, gas, and online shopping. Discover features include no annual fees, flexible redemption options, and robust security measures, making them ideal for maximizing your cashback earnings while ensuring safety and convenience.
Reward credit cards allow you to earn a percentage of your spending back as cashback, with some offering higher rewards in specific categories like grocery stores, gas, or dining. Others provide a flat cashback rate on all purchases, regardless of category. In 2024, several credit cards stand out for their lucrative cashback offers tailored to different shopping habits.
Discover it® Cashback Credit Card
The Discover it® Cashback Card ranks highly this year due to its strong cashback features. It has no annual fee and matches all cashback earned during the first year. You can earn 5% cashback on rotating categories such as gas, dining, or online shopping, with quarterly limits. All other purchases earn 1% cashback, which can be redeemed at any time in flexible amounts. Cashback benefits are easily accessible via the mobile app and website.
Extensive security features including instant account freeze via app
No fraud liability for unauthorized charges
Free overnight card replacement options
Additional perks include no foreign transaction fees and free monthly FICO scores
American Express Blue Cash Preferred® Card
The Blue Cash Preferred® Card from American Express offers excellent cashback on everyday spending. New cardholders who spend $1,000 within three months receive a $150 statement credit. Annual fee is waived in the first year, then $95 afterward. It provides 6% cashback on supermarket purchases up to $6,000 annually, 3% on US gas station and department store purchases, and 1% on other expenses. Rewards can be redeemed as statement credits or for travel benefits, including rental car insurance and roadside assistance.
Supplementary cards to extend rewards to family members
Insurance coverage for travel-related incidents
Online tools for cashback tracking and fraud protection
Global customer service support
Bank of America® Cash Rewards Credit Card
The Bank of America® Cash Rewards Card is an ideal choice for versatile cashback earning. It offers a $150 bonus after spending $500 in the first three months, with no annual fee. Cardholders earn 1% cashback on all purchases, with higher rates of 2% on grocery stores and wholesale clubs, and 3% on gas stations. The card features a 0% introductory APR for the first year and 10% extra cashback when redeemed within the same account.
