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Insanely High Paying Cash Back Cards

No Annual Fee, Big Welcome Bonus, Long Intro APR

Greg Go, Updated on January 09, 2023 1/09/23

Would you like 20% cash back with no annual fee?

Some of America's top banks are offering generous $200 signup bonuses after spending as low as $1,000 within the first 3 months of account opening -- that’s like getting 20% cash back!

If you’re going to spend $1,000 anyway, why not pick up a $200 bonus for it?

Not a fan of interest? The offer below has one of the longest Intro APR period for purchases and balance transfers we've seen for a cash back card.

Bank of America® Unlimited Cash Rewards credit card

Bank of America® Unlimited Cash Rewards credit card

Apply Now

at Bank of America's secure site

Call to Apply

with a Bank of America representative

  • Bonus offer ($200): $200 online cash rewards bonus after making at least $1,000 in purchases in the first 90 days of account opening.
  • Unlimited rewards rate: Earn unlimited 1.5% cash back on all purchases.
  • Preferred Rewards rate: If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn up to 1.87% - 2.62% for every $1 spent.
  • One of the longest Intro APR periods we've seen for a cash back card.
  • 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.
  • This online only offer may not be available if you leave this page, if you visit a Bank of America financial center or call the bank. You can take advantage of this offer when you apply now.
  • No Annual Fee

Who should get this card: If you're looking for a high-paying rewards card that offers flexibility and no confusing categories to keep track of then you’ve found the perfect match. You could start earning cash back, just by using this card for all your everyday expenses. Start earning today.

Looking for a travel card? Bank of America Travel Rewards Card has a great $250 value bonus offer.

Discover it® Cash Back

Discover it® Cash Back Rates & Fees

Apply Now

at Discover's secure site

  • Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Every $1 you earn in cash back is $1 you can redeem.
  • Discover is accepted nationwide by 99% of the places that take credit cards.
  • Easily view your FICO® Credit Score on monthly statements, mobile and online for free.
  • No annual fee.

Who should get this card: If you don't mind keeping track of changing categories, this is a great card for earning cash back in specific categories. 

Which Card Should You Pick?

With interest rates constantly going up, Bank of America's Unlimited Cash Rewards Card is my go to pick here because:

  • It has one of the longest Intro APR periods for purchases and balance transfers we've seen for an unlimited cash back card. 
  • The unlimited cash back is on all purchases, so you never miss out on rewards. Keeping track of categories can be a chore during these busy times.
  • Who couldn't use a $200 bonus offer (after making $1,000 spend in 90 days). 

Apply today for the Bank of America Unlimited Cash Rewards Card. Start earning that unlimited cash back!