Best cash back credit cards for March 2023

Pros

• Has great short-and long-term value with cash rewards rate and intro APR offer.
• There are no limits on the cash rewards you can earn and rewards never expire as long as the account is in good standing.

Cons

• The intro balance transfer fee will jump from 3 percent to up to 5 percent after the first 120 days from account opening (min: $5).
• The 3 percent foreign transaction fee could eat into cash rewards if you use this card abroad.

Pros

• Your rewards will never expire for the life of the account.
• There are no spending caps assessed to your cash back earnings.

Cons

• Beware of redeeming cash rewards on Amazon.com, as there is a list of restricted items you can’t use rewards on.
• You cannot redeem your rewards for merchandise or airline travel.

Pros

• Discover will match the cash back you earn at the end of the first year.
• There are a few cash back redemption options, including credit to your account and donations.

Cons

• You must enroll to take advantage of the bonus categories each quarter.
• There is a spending limit on your highest cash back category each quarter ($1,500 in combined purchases per quarter).

Pros

• You won’t have to worry about creating spending strategies to maximize rewards.
• There’s an intro APR offer on both purchases and balance transfers, saving you a bit on interest.

Cons

• There is a spending cap on your top cash back rewards spending category (up to $500 each billing cycle, 1 percent cash back thereafter).
• You only earn the elevated cash back rate in one eligible category per month.

Pros

• You can convert your cash back earnings to Citi ThankYou points when paired with a card like the Citi Premier® Card, which can be redeemed for travel, gift cards and more.
• There are no spending category restrictions or rotating categories.

Cons

• Your rewards can expire with this card if you don’t use it for a year.
• There is no introductory APR rate offer on purchases.

Pros

• Multiple rotating and fixed bonus categories, which can make it easier to earn rewards quickly
• The $200 sign-up bonus (after spending $1,000 within the first 120 days of account opening) increases the card’s first-year value

Cons

• The $2,000 combined spending cap each quarter for your chosen 5% categories limits your ability to rake in rewards
• Having to track and enroll in rotating categories can be a hassle for some

Pros

• Generous perks include up to 6 months of complimentary Uber One membership statement credits (through 11/14/2024) and a long intro APR offer
• The sign-up bonus has one of the lowest spend requirements around

Cons

• There are other cards on the market that offer a higher unlimited cash back rate.
• After the introductory APR period, your creditworthiness could place you at the high end of the card’s regular variable APR.

Pros

• The base reward program is uber-lucrative, making this card a good choice for people looking for long-term value.
• You don’t have to keep track of rotating spending categories or enrollment deadlines.

Cons

• Purchases at wholesale clubs, superstores (like Walmart), and specialty stores (bakeries, farmers markets, etc.) are excluded from the card’s U.S. supermarket bonus category and only earn 1 percent back.
• You can only redeem cash back once you’ve earned $25 in rewards, and your only redemption options are statement credits, gift cards or merchandise.