Cash Back Comparison Tool

By Marcos Maciel

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Spending

Please enter your monthly average spending for each category.

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Aprox. Yearly Cash Back: $0.00Aprox. Yearly Cash Back: $0.00Aprox. Yearly Cash Back: $0.00

*Disclaimer: These cash back estimates are calculated using the listed cash back rewards. For example, a 2% cash back card is calculated by multiplying your monthly category spending x 0.02 x 12 months. These rewards may change, please refer to the bank's official pages for the most accurate information!*

Credit Card

Bank of America Customized Cash Rewards
Wells Fargo Active Cash
American Express Blue Cash Preferred

Annual Fee

$0
$0
$0 for the first year, then $95/year

Bonus Offer

$200 cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
$200 cash rewards bonus after you make at least $500 in purchases in the first 90 days of account opening
$250 statement credit after you spend $3,000 in purchases within the first 6 months

Cash Back

Earn 3% cash back in the category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
2% back on all purchases
6% at U.S. supermarkets on up to $6,000 per year in purchases, 6% on select U.S. streaming subscriptions, 3% at U.S. gas stations and on transit, 1% on all other purchases.

Pros

  • No annual fee
  • Rotating categories
  • 3% cashback option can be very beneficial
  • Bank of America's Preferred Rewards program can allow you to increase your cash back
  • No annual fee
  • Simple cash back
  • Great for groceries, rideshare, and gas
  • $7 statement credit each month on Disney Plus, Hulu, or ESPN Plus subscriptions
  • Return Protection - you may return eligible purchases to American Express if the seller won't take them back up to 90 days from the date of purchase
  • Car rental loss and damage insurance

Cons

  • Depending on your spending, a 2% card could give you more cashback
  • Capped cash back makes it a bad option for high spenders
  • Depending on your spending you could get higher than 2% average cash back with a different card
  • Annual fee
  • Spending cap on bonus rewards

Additional Info

3% cash back sounds good but consider the hard quarterly cap
Great option to use your credit card for every purchase and not worry about categories
Important to remember Amex is an online bank

If you have any questions, concerns, or suggestions for improvement please email mamaciel2022@gmail.com