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Best Chase Cash Back Credit Cards

GOBankingRates
GOBankingRates
 2021-10-19
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Of all the different types of credit card rewards available, there’s really only one everyone can use no matter what they buy or how much: cash back. Chase has two cash-back rewards cards to choose from. Both reward you with 5% cash back on travel you purchase through Chase Ultimate Rewards. You’ll earn anywhere from 1% to 5% on all your other purchases, depending on the card and category, within program limits.

Cash-back rewards are coverted to points — 100 per dollar spent — that you can redeem in a variety of ways, including as statement credits or for gift cards or travel. The points never expire as long as your account remains open, and there are no restrictions on the number of points you can redeem.

Best Credit Cards for Cash Back Rewards from Chase

These cards also come with bonus offers for new card members and a number of other benefits.

Learn more about the best Chase credit cards for cash back rewards.

Card Features
Chase Freedom Unlimited Credit Card Best for: Higher Rewards on Everyday Spending

-14.99% to 23.74% variable APR
-5% cash back on travel purchased through Chase Ultimate Rewards
-3% on restaurant and drug store purchases
-1.5% on everything else
-$200 bonus when you spend $500 on purchases within the first three months after account opening, plus 5% cash back on up to $12,000 in grocery store purchases for the first 12 months
-0% introductory APR on purchases and balance transfers for 15 months; $5 or 3% balance transfer fee applies
-3% foreign transaction fee
-$0 annual fee

Chase Freedom Flex Credit Card Best for: Big Rewards in Rotating Bonus Categories

-14.99% to 23.74% variable APR
-5% on up to $1,500 combined spending in bonus categories
-5% on travel purchased through Chase Ultimate Rewards
-3% on restaurant and drug store purchases
-1% on all other purchases
-$200 bonus when you spend $500 on purchases within the first three months after account opening, plus 5% cash back on up to $12,000 in grocery store purchases for the first 12 months
-0% introductory APR on purchases and balance transfers for 15 months; $5 or 3% balance transfer fee applies
-3 months of free DashPass by DoorDash; 50% off next nine months
-3% foreign transaction fee
-$0 annual fee

Chase Freedom Unlimited Credit Card

Best for: Higher rewards on everyday spending

The Chase Freedom Unlimited credit card makes it easy to accumulate points quickly, without the hassle of tracking which categories you currently have active. It’s especially good for travelers, as you’ll earn your highest rewards — 5% cash back — on travel booked through Chase Ultimate Rewards.

You’ll also get 3% back at restaurants and pharmacies and 1.5% back on all your other purchases. The $200 new-cardmember bonus gives you a year’s worth of 5% cash-back rewards on up to $12,000 in grocery store purchases, for a total maximum bonus worth up to $800 in your first year.

Pros

  • Points accumulate quickly, especially in first year for cardmembers eligible for the bonus
  • High cash back rewards on travel
  • Generous new card member offer requires just $500 in purchases in the first three months
  • 0% introductory financing on purchases and balance transfers
  • Predictable rewards
  • $0 annual fee
  • Competitive APR

Cons

  • 3% foreign transaction fee
  • Balance transfer fee

Who would benefit from this card? Frequent travelers who want generous cash-back rewards on all their spending.

Chase Freedom Flex Credit Card

Best for: Big Rewards in Rotating Bonus Categories

Whereas the Freedom Unlimited card offers just one 5% cash-back category outside of the new card member offer, Freedom Flex offers two. The catch is that the second category changes each quarter, and you must activate a category to get the 5%. Otherwise, you’ll get just 1% back like on everyday purchases.

Categories run the gamut from airline tickets purchased with the airline or through Ultimate Rewards to fitness memberships, online grocery, shipping, social media and search engine advertising and utilities.

Pros

  • Points accumulate quickly, especially in first year for cardmembers eligible for bonus
  • High cash back rewards on travel
  • Opportunity to earn 5% cash back in multiple categories on a rotating basis
  • Generous new-cardmember bonus requires just $500 in purchases in first three months
  • 0% introductory financing on purchases and balance transfers
  • No annual fee
  • Competitive APR

Cons

  • Must activate bonus categories to qualify for 5% cash back
  • 3% foreign transaction fee
  • Balance transfer fee

Who would benefit from this card? Those with high spending in multiple eligible categories.

Which Is the Best Chase Cash Back Credit Card for You?

With just two cards to choose from, the decision should be fairly easy. Go for the Freedom Unlimited card if you spend modestly using your card and don’t want to have to keep track of categories. The Freedom Flex card is the better option if you could save more with higher spending in the bonus categories than with the Unlimited card’s extra 0.5% cash-back reward for all everyday spending.

Methodology: GOBankingRates.com identified the best cash back credit cards by analyzing the following factors: (1) annual fees; (2) foreign transaction fees; (3) APR for purchases; (4) promotional APR; (5) sign-up bonuses; (6) rewards and features. All fees and rates are subject to change at the credit card issuers’ discretion. Some bonus offers may or might no longer be available on the credit card issuers’ websites, depending on how one accesses the web page. Data was sourced from each financial institution’s website or promotional material between Aug. 4, 2021, and Sept. 28, 2021. Please verify terms and conditions before opening an account. Rewards had to be in form of cash back to qualify.

This article originally appeared on GOBankingRates.com : Best Chase Cash Back Credit Cards

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