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Our promise to you.

Minority Mindset, LLC is an independent, advertising-supported publisher. We are not an investment advisor. Always do your own due diligence and never blindly listen to a random article on the internet. We do our best to provide financial education with our free videos, articles, tools, and other self-help content. But these are for informational purposes only, they’re not investment advice.

Minority Mindset does not and cannot guarantee the accuracy or applicability of any information regarding your individual circumstances. The examples we provide are hypothetical and we encourage you to get advice from a qualified professional regarding specific investment, tax, legal, and financial issues. Previous market performance does not guarantee future performance.

We want everyone to be able to make educated financial decisions. We do not feature every company or financial product available. However, we’re proud of the financial education and guidance that we provide at no charge.

We’re paid by our brand partners and advertisers. This may influence which products we mention, review, and where they appear on our site. But it does not affect our recommendations or advice.

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The 2 Best Personal Cash Back Credit Cards For 2022

November 30, 2019 by Minority Mindset Team

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Minority Mindset Team November 30, 2019

Disclaimer

We only endorse products that we truly believe in. Some of the links below may earn us some extra guac at no additional cost to you. Please pass the chips & thank you for feeding our habit.

If you're looking for the best cashback credit card, you're in the right place.

In this article we're going to be comparing our two favorite cashback credit cards:

  • Chase Freedom Unlimited
  • Citi Double Cash Card
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The 2 Best Personal Cash Back Credit Cards For 2022

Cash back cards offer several perks to everyday users.

And when used the right way, just about anyone can make some serious cash.

Here are our two picks for the best personal cash back credit cards in 2022:

1. Chase Freedom Unlimited Cashback Card

Let's start with the Chase Freedom Unlimited cashback card. Here are 7 things you might not know about this card.

Earn 1.5% Cashback On Everything

For every $1 you spend, you get 1.5 cents back. No categories, no trying to play the points game, this 1.5% cashback applies to every purchase you make. That means you get paid for your smart spending.

  • Spend $1,000 a month? Earn $180 in cashback every year.
  • Spend $2,000 a month? Earn $360 in cashback every year.
  • Spend $5,000 a month? Earn $900 in cashback every year.

You’re going to buy groceries, pay for electricity, and buy books anyways. Might as well get some cash back for doing that.

Early Spend Bonus

Spend $500 in the first 3 months and get a $150 bonus in addition to your regular 1.5% cashback.

Rewards Don’t Expire

Your cashback doesn’t expire. Treat it like a savings account and let your rewards add up.

Then when you’re ready, use your bonus to buy something nice (or treat it as an investment bonus to buy stock in your favorite company…maybe even a credit card company).

Get Your Rewards Anytime

There’s no minimum you have to spend to redeem your cashback. Whether you earn $1 or $10,000, you can redeem your rewards.

Shop With Chase And Earn More

A little-known fact about this card is that Chase has an online portal that lets you “shop with Chase” where you can earn up to 15% cashback on your purchases.

Some of the stores include Home Depot, Macy’s, Walmart, Nike, and Best Buy.

You’re Protected

Identity theft is scary.

If your card is stolen, you won’t be responsible for unauthorized purchases with zero liability protection.

Your Products Are Protected

Let’s say you buy a new watch, but it gets stolen.

With Chase’s Purchase Protection, you’re protected against theft or accidental damages up to 120 days, $500 per claim, and $50,000 per account. Restrictions apply.

Plus, Chase will automatically extend the manufacturer’s warranty on certain products you buy for an extra year. Again, restrictions do apply.

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2. Citi Double Cashback Card

Now, let's take a look at the Citi Double Cashback card and go over everything you need to know.

Earn 1% When You Buy And 1% When You Pay

This card has a unique approach to cashback unlike most cards.

You get 1% cashback every time you make a purchase.

Then, you get another 1% cashback when you pay off your card.

A couple of things to be aware of:

  • You need at least $25 in rewards before you can redeem your cash.
  • If you don't use your card for 12-months, your rewards expire and your cashback disappears.

Early Spend Bonus

Unfortunately, this card doesn't give you an early spend bonus like the Chase Freedom Card.

Limited Perks

The Citi Double Rewards offers very few additional perks beyond their 2% cashback potential.

Start Investing With As Little As $1

The Best Personal Cash Back Credit Card – The Verdict

The Citi Double Cash Card offers the potential to pay you 2% cashback which is more than the Chase Freedom Unlimited which pays you 1.5% cashback.

However, the Chase Freedom Unlimited comes with many more rewards and a potential $150 early spend bonus that the Citi Double Cash Card doesn't offer.

To put some numbers on it, you would need to spend $30,000 with The Citi Double Cash Card before you get enough cash back to make up for the Chase Freedom Unlimited early spend bonus you didn't get.

Take a look, $150/(0.5%) = $30,000.

So, unless you plan on spending more than $30,000 on your credit card over the next year or two, the Chase Freedom Unlimited is the best personal cash back credit card.

You don’t have to worry about playing the points game with rotating categories or fighting to get the best rewards.

You get 1.5% cashback on all of your purchases, no fees, an awesome early spend bonus and valuable perks.

If you’re going to spend money, you might as well get rewarded with cashback for doing that.

And Chase Freedom Unlimited gives you the most cash back for using them.

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Minority Mindset has partnered with CardRatings for our coverage of credit card products. Minority Mindset and CardRatings may receive a commission from card issuers.

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Written by Minority Mindset Team.

The Minority Mindset has nothing to do with the way you look, your ethnicity, or your skin color. It’s a mindset. #RethinkRich

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Advertiser Disclosure

Our promise to you.

Minority Mindset, LLC is an independent, advertising-supported publisher. We are not an investment advisor. Always do your own due diligence and never blindly listen to a random article on the internet. We do our best to provide financial education with our free videos, articles, tools, and other self-help content. But these are for informational purposes only, they’re not investment advice.

Minority Mindset does not and cannot guarantee the accuracy or applicability of any information regarding your individual circumstances. The examples we provide are hypothetical and we encourage you to get advice from a qualified professional regarding specific investment, tax, legal, and financial issues. Previous market performance does not guarantee future performance.

We want everyone to be able to make educated financial decisions. We do not feature every company or financial product available. However, we’re proud of the financial education and guidance that we provide at no charge.

We’re paid by our brand partners and advertisers. This may influence which products we mention, review, and where they appear on our site. But it does not affect our recommendations or advice.

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Disclaimer: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements, and seek independent professional advice, before making any financial decisions. Our content is provided for informational purposes only, and no content that is provided or included in our products or services is intended for trading or investing purposes. We will not be liable for the accuracy, usefulness, or availability of any information transmitted and/or made available by way of our products or services, and shall not be responsible or liable for any trading and/or investment decisions made by you based on any such information. For a further understanding of this Disclaimer and use of our site, please see the information contained in our Terms of Use and Advertising Disclaimer.

Minority Mindset may earn a portion of sales from products that are purchased or recommended through our site as part of our Affiliate Partnership with retailers and brands.

Minority Mindset has partnered with CardRatings for our coverage of credit card products. Minority Mindset and CardRatings may receive a commission from card issuers.

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