Competition in the cash back credit card space is heating up and card issuers are offering incredible perks to consumers with good to excellent credit in order to win your business. Our top-rated cash back cards that do not charge an annual fee are all offering amazing ongoing rewards, sign-up bonuses and long intro APR periods.

Critics’ Choice Winner

Our Critics’ Choice winner for Flexible Cash Back is the Bank of America® Customized Cash Rewards credit card.

Up to 3% Cash Rewards

With the Bank of America® Customized Cash Rewards credit card you get to decide which category you’ll earn 3% back in each month while also earning 2% back at grocery stores and wholesale clubs. The bonus cash back earned in these combined categories (your choice, grocery and wholesale clubs) is capped at $2,500 in purchases each quarter. You’ll earn 1% after that cap is hit and on all of your other purchases. Choice categories can be easily updated through the Bank of America® mobile app each month for future purchases and include gas, online shopping, dining, travel, drug stores or home improvement/furnishings.

$200 Cash Rewards Bonus

To sweeten the deal, you’ll also earn a $200 online cash back rewards bonus after you make at least $1,000 in purchases on your card within the first 90 days of your account opening. That’s an additional 20% back on your first $1,000 spent!

Generous Introductory APR

You’ll also be able to save money with a 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends a 14.24% – 24.24% Variable APR will apply. There is a 3% balance transfer fee (with a $10 minimum), but that fee is likely much lower than the interest you are paying on another card. The ongoing 14.24% – 24.24% Variable APR will apply after that intro period is over so it’s good to make a budget and pay that balance down within 15 billing cycles if possible.

Increase Your Cash Back by 25% – 75%

Bank of America® Preferred Rewards program members can accelerate their cash back earnings by 25% to 75%. Your eligibility for this program is based on your Bank of America® and Merrill combined balances. If you qualify for that highest tier, then the 3% choice category could go up to 5.25% and the 2% at grocery stores and wholesale clubs could go up to 3.5% (still for the first $2,500 in combined purchases) and the 1% for all other purchases could go up to 1.75%.

Purchase APR

0% Intro APR for 15 billing cycles for purchases, then 14.24% – 24.24% Variable APR

Balance Transfer APR

0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days, then 14.24% – 24.24% Variable APR

Recommended Credit Score

Excellent/Good
670 – 850*

Cash Rewards

1% – 3% 3% cash back in the category of your choice and 2% cash back at grocery stores and wholesale clubs for the first $2,500 in combined choice category/grocery store/wholesale club quarterly purchases.

1% cash back on all other purchases.

If you’re a Preferred Rewards member, you can earn 25% – 75% more cash back on every purchase.

 

Welcome Bonus

$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening

 

 

Other Cash Back Options

If you are in the market for a flexible cash back card without an annual fee then the Bank of America® Customized Cash Rewards credit card is tough to beat. Since it is always good to compare your top options, we have rounded up some other compelling cash back cards with $200 bonuses that may appeal to you as well.


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on Wells Fargo’s secure site

Recommended Credit Score

Excellent/Good

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This card from Wells Fargo is an exciting option that also has a $0 annual fee. You will earn an unlimited 2% cash rewards on purchases which means there are no activation requirements for special categories or monthly caps to worry about. Earning 2% rewards on all of your purchases is tough to beat making it a stand out option for anyone looking for a low maintenance cash rewards card that will allow you to accumulate cash rewards really quickly. There is also a sign-up bonus worth $200 in cash rewards that can be earned by spending at least $1,000 in the first three months after you are approved. It also offers a 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then 15.24%-25.24% Variable APR.


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on American Express’ secure site

Recommended Credit Score

Good – Excellent

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The Blue Cash Everyday® Card from American Express is a great choice for consumers who spend regularly on groceries and gas. You will earn 3% back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%), 2% back at U.S. gas stations and at select U.S. department stores, and 1% back on all of your other eligible purchases. You can also earn a $200 welcome bonus after you spend $2,000 in purchases on your new card within the first 6 months. As a new card holder, you’ll also get a 0% intro APR on purchases for the first 15 months, followed by a 14.24%-24.24% Variable APR. The savings can add up quickly when you aren’t paying interest for over a year and earning cash back at the same time.


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on Citi®’s secure site

Recommended Credit Score

Excellent, Good

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This cash back option from Citi makes it easy to rack up rewards without having to jump through any hoops to choose or activate your bonus categories. You will earn 5% cash back on purchases in your top eligible spend category each billing cycle (up to the first $500 spent). The great thing is that you don’t have to choose your bonus category ahead of time because your earn adjusts automatically based on your spending. Eligible spending categories include restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs and live entertainment. You will earn 1% on all other purchases, and can earn $200 in cash back after you spend $750 on purchases in the first 3 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back. Adding to its appeal, this card does not charge an annual fee.

As you can see, it is a great time to be in the market for a new cash back credit card. Issuers are really stepping up their game and offering incredible perks to win your business. If you have good to excellent credit in the 670 – 850* range and have not recently applied for a new credit card then you should definitely apply for one of these stand out options today.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

*CardCritics references a FICO® 8 score, which is one of many different types of credit scores. A financial institution may use a different score when evaluating your application.

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