With prices still rising on just about everything, cash back credit cards are a great way to earn money back on everyday purchases. Here are some of the credit cards currently offering cash back rewards this month.
American Express Blue Cash Preferred Card. American Express Blue Cash Preferred® Card is my favorite cash reward credit card. It offers a whopping 6% cash back on up to $6,000 in purchases made at U.S Supermarkets. It also offers 6% cash back on streaming subscriptions. When it comes to great cash back credit cards, this one checks all the boxes!
Discover it® Cash Back Credit Card. As Capital One proceeds with its acquisition of Discover, the future of Discover cards remains unknown. However, for now, the Discover it® Cash Back Credit Card is still a strong option. This card helps you earn 5% cash back on rotating bonus categories each quarter (up to a quarterly limit), plus 1% cash back on everything else.
Wells Fargo Active Cash® Card If simple rewards are your thing, the Wells Fargo Active Cash® Card is a great choice. It offers an unlimited 2% cash back on every purchase you make. No rotating categories to keep track of, no hoops to jump through – just a solid 2% back on everything. This makes it a great card for all your general spending.
For May 2025, Wells Fargo is offering a $200 cash rewards bonus when you spend $500 in the first 3 months.
Chase Freedom Unlimited® Credit Card. If you dine or travel frequently, the Chase Freedom Unlimited® Credit Card may be exxactly what you need. This card offers 3% on dining and drugstores and 5% on travel purchased through Chase TravelSM. Plus you can earn unlimited 1.5% cash back or more on all other purchases.
Chase Freedom Flex® If you don’t mind a little strategy, the Chase Freedom Flex can offer even higher returns. This card features bonus categories that change every three months. When you activate, you can earn 5% cash back on up to $1,500 spent in these rotating categories. Past categories have included things like grocery stores, gas stations, and online shopping. Plus, you’ll earn 5% on travel booked through Chase, 3% at restaurants and drugstores, and 1% on all other purchases.
Maximizing Your Cash Back
Getting a cash back credit card is only the first step; using it wisely is key to truly benefiting. Here are a few essential tips:
- Understand the Rewards Structure: Know exactly how and where you earn the most cash back. Pay attention to any bonus categories or spending caps.
- Pay Your Bill in Full: The cash back you earn can quickly be negated by interest charges if you carry a balance. Always aim to pay your statement balance in full each month.
- Spend Within Your Means: Don’t let the allure of rewards encourage you to overspend. Use your cash back card for purchases you would have made anyway as part of your regular budget.
By choosing a card that fits your spending habits and using it responsibly, cash back credit cards can be a simple and effective tool to help you save money in May 2025 and beyond.
