In the quest for the perfect credit card, cards with a higher limit paired with cashback rewards represents the pinnacle of financial freedom and reward.
For savvy spenders looking to maximize returns on every dollar, cards offering up to $3000 limits with cashback options stand out. Here’s why these cards are not just tools but gateways to optimizing your financial strategy.
Top 5 Cashback Credit Cards
$0
1.5%-5%
$300
690-850 (Good – Excellent)
-
Product Details
- INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) – worth up to $300 cash back!
- Earn 5% on Chase travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1.5% on all other purchases.
- 0% Intro APR for 15 months on purchases and balance transfers, then a variable APR of 20.49% – 29.24%.
- No minimum to redeem for cash back, options for statement credit or direct deposit into U.S. checking/savings accounts.
- No annual fee.
- Access to Chase Credit Journey for credit monitoring.
-
Our Take
Pros:
- Attractive welcome offer for a no-annual-fee card
- Minimum 1.5% cash back on all purchases
- No minimum redemption amount
Cons:- Foreign transaction fee
- High ongoing balance transfer fee
- Requires companion card for point transfers to travel partners
$0
1%-8%
$200
690-850 (Good – Excellent)
-
Product Details
- Earn a one-time $200 cash bonus after spending $500 on purchases within the first 3 months from account opening.
- Enjoy unlimited 3% cashback on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart® and Target®). Plus, earn 1% on all other purchases.
- Get 10% cashback on purchases made through Uber & Uber Eats, along with complimentary Uber One membership statement credits through 11/14/2024.
- Earn 8% cashback on Capital One Entertainment purchases and unlimited 5% cashback on hotels and rental cars booked through Capital One Travel.
- No need for rotating categories or sign-ups to earn cash rewards, and cashback won’t expire for the life of the account with no limit on earnings.
- Benefit from a 0% intro APR on purchases and balance transfers for 15 months, followed by a variable APR of 19.99% – 29.99% after that (3% fee on amounts transferred within the first 15 months).
- No foreign transaction fees and no annual fee, making it a cost-effective cashback card.
-
Our Take
Pros:
- No annual fee
- Increased cashback on dining and entertainment
- No foreign transaction fees
- Introductory APR on purchases and balance transfers
Cons:- High standard rate APR
- Limited cashback reward categories
$0
1%-3%
$200
690-850 (Good – Excellent)
-
Product Details
- Earn $200 statement credit after spending $2,000 in first 6 months
- No annual fee on the card
- 0% intro APR on purchases and balance transfers for 15 months from account opening, then variable APR of 19.24% to 29.99%
- 3% Cash Back at U.S. supermarkets, up to $6,000 per year in purchases, then 1%
- 3% Cash Back on U.S. online retail purchases, up to $6,000 per year, then 1%
- 3% Cash Back at U.S. gas stations, up to $6,000 per year, then 1%
- Cash Back received as Reward Dollars, redeemable as statement credit or at Amazon.com checkout
- $7/month back as a statement credit after spending $9.99 or more monthly on an eligible Disney Bundle subscription, subject to auto renewal, with Blue Cash Everyday Card. Enrollment required.
- Up to $15 back per month when purchasing a Home Chef meal kit subscription, subject to auto renewal, with enrolled Blue Cash Everyday Card
-
Our Take
Pros:
- $200 credit after $2,000 spend in 6 months
- 0% APR for 15 months, 19.24%-29.99% after
- 3% Cash Back on supermarkets, gas, online up to $6,000/yr
- $7/month back on Disney Bundle subscription
- $15/month back on Home Chef subscription
Cons:- Rewards cap at $6,000/year in key categories
- Variable APR after 15 months: 19.24%-29.99%
$0
1%-5%
Cashback Match™
690-850 (Good – Excellent)
-
Product Details
- INTRO OFFER: New Discover cardmembers get a Cashback Match with no limits. Earned cash back in the first year doubles—$150 becomes $300, no caps or minimums.
- 5% cash back in different categories each quarter like grocery stores, restaurants, gas stations, up to the quarterly maximum upon activation.
- 1% cash back on all other purchases.
- 0% intro APR for 15 months on purchases, then a variable APR of 17.24% to 28.24%.
- No annual fee.
- Redemption options for cash back rewards.
-
Our Take
Pros:
- Earn unlimited 1% cash back on all purchases
- 5% cash back in rotating categories each quarter upon activation
- First-year cashback match
- No minimum for cashback redemption
Cons:- 5% rate capped at $1,500 per quarter
- Required quarterly activation for bonus categories
- 1% base reward rate on non-bonus categories
$0
1%-5%
$200
690-850 (Good – Excellent)
-
Product Details
- Earn a $200 bonus after $1,000 in purchases within the first 3 months.
- 5% cash back in rotating categories each quarter on up to $1,500 when enrolled; 5% on travel booked through Chase Ultimate Rewards®.
- 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more
- 3% cash back on dining and drugstore purchases; 1% on all other purchases.
- Cash back redemption is flexible with no minimum amount required. Opt for a statement credit or direct deposit into most U.S. bank accounts. Your Cash Back rewards remain valid as long as your account stays active
- 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49%-29.24%.
- No annual fee.
- Keep tabs on your credit health – Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.
- Member FDIC
-
Our Take
Pros:
- No annual fee
- 5% rewards in rotating quarterly categories on up to $1,500 when activated
- Competitive travel rewards rate
- Generous rewards in other categories like dining and drugstores
Cons:- Travel bookings need to be through Chase Ultimate Rewards® for maximum rewards
- Category activation required
The Appeal of Cashback Cards
Cashback credit cards turn everyday purchases into future savings. By choosing a card that aligns with your spending habits, you can earn back a percentage of your expenses. It’s like getting a discount on everything you buy.
Top Contender for Cashback
While there are many options, finding the ‘best’ cashback card involves matching the card’s features with your personal spending patterns. Look for cards that offer high cashback rates in categories where you spend the most.
Balancing High Limits and Cashback
A higher credit limit isn’t just about spending more; it’s about financial flexibility and improving your credit utilization ratio—a key factor in your credit score. Pairing this with cashback maximizes the benefits you receive on your expenditures.
Approval for Top Cashback Cards
Securing a card with a high limit and attractive cashback often requires a good to excellent credit score. Improve your chances by maintaining a healthy credit history and applying when your financial situation is strong.
Intro Offers: The Icing on the Cake
Many cashback cards come with introductory offers, such as bonus cashback or 0% APR periods. These offers can provide significant value but pay attention to their terms and conditions to fully capitalize on them.
What is Cashback CardMatch?
CardMatch tools help you find credit cards based on your credit profile without affecting your credit score. It’s a great way to see which cashback cards you’re likely to be approved for, especially those offering high limits.
Final Thoughts
Navigating the world of cashback cards with high limit requires a bit of strategy but the rewards are worth it. By understanding your spending, maintaining good credit, and using tools like CardMatch, you can find a card that not only fits your financial needs but also rewards your lifestyle.
