We’re all about making money from our money, even from credit card rewards. When you pay your credit card balance in full every month, credit cards are a nice way to generate rewards. Normally, we maximize our points with travel rewards. However, given the pandemic, we’ve been looking at the best cash back AND travel rewards cards. Here is our top 5 rewards credits cards as of September 2020.

No Fee Card, Huge Cash Back (Excellent Credit)  

Citi Double Cash – This is a no annual fee card that incentivizes you with cash to pay back your bill as quick as possible. With Citi Double Cash, you earn 2% cash back: 1% cash back on all purchases and 1% cash back when you pay the bill in full. Also, Citi is currently running a 0% APR promotion for the first 18 months. Learn more about Citi Double Cash.

Low Fee Card For Moderate Travelers (Excellent Credit) 

Chase Sapphire Preferred – For a limited time, Chase is offering 60,000 bonus points for signing up as a new customer and spending $4,000 within 3 months. This is an attractive card because your points are worth 25% more when you redeem for travel through Chase’s Ultimate Rewards program. Thus, 60,000 bonus points is worth $750 in travel. Until September 30th, Chase is now allowing customers to redeem points for grocery stores, dining establishments, and home improvement stores for 1.25 cents per point. As a result, 60,000 points can be redeemed for $750 in cash back. In addition to points, you will earn 2x points on travel and dining worldwide along with a complimentary DoorDash subscription for $0 delivery fee and reduced service fees. Better yet, the annual fee is an affordable $95. Learn more about Chase Sapphire Preferred.

No Fee Card, 1.5% Cash Back (Excellent Credit) 

Chase Freedom Unlimited – This is a no fee card with a $200 bonus for new customers spending $500 within 3 months. Chase Freedom earns you 1.5% unlimited cash back on all purchases with no minimum to redeem. For a $0 annual fee card, Chase Freedom Unlimited packs a punch. Learn more about Chase Freedom Unlimited.

Secured Card, High Cash Back (Bad Credit) 

Discover it® Secured – Having trouble with your credit? Discover it® Secured is a great way to begin rebuilding your score. With Discover it® Secured, you earn 2% cash back on up to $1,000 worth of spending per quarter on restaurants and gas. In addition, you still earn 1% on all other spending. As a secured card, you must make a security deposit between $200 and $2,500 to establish your credit line. After 8 months, Discover will evaluate you for an upgrade to an unsecured card. You earn rewards while improving your credit score. Learn more about Discover it® Secured. 

No Fee Card, High Cash Back For Businesses

Capital One® Spark® Cash for Business – A ROT favorite, the Capital One Spark is a great card for 2% cash back on all business purchases. In addition, this card has no annual fee for the first year and $95 a year thereafter. For a limited time, you will earn a $500 cash bonus once you spend $4,500 in the first 3 months. During the pandemic, a straight 2% cash back card is more valuable to us than travel points given that business travel is severely disrupted. Learn more about Capital One Spark Cash.

Bottom Line 

Rewards credit cards are a great way to earn some extra cash if you are paying your balance in full every month. If you still have credit card debt, read this first. If you are paying your balance in full, these are some of our favorite rewards credit cards in September 2020 to maximize your rewards.