We like that this is truly a simple cash back credit card. You get a flat 1% cash back on your purchases, plus a 50% bonus at the end of the year with no enrollment necessary! And unlike some other cash back cards, you can use your cash back anytime you want by requesting a statement credit or a check. The one-time $100 bonus ain't bad, either.

This card has a lower cash back percentage than some other cash back credit cards. However, cards with higher cash back rates require you to either pay an annual fee or to enroll on a quarterly basis. They also limit how much you can earn from this higher % and require you to reach a certain amount in spending before your purchases start earning you the standard 1% cash back (normally starts at $0.25%). Whereas the Capital One® Cash Rewards card gives you 1.5% cash back (including the end-of-year bonus) from the first dollar you spend.

If you're looking for a simple cash back credit card with no annual fee, this is the card. No spending tiers, no enrollment requirements, no cash back limits, no bonus categories to keep track of. Simply multiple your spending by 1% and that's how much cash back you'll earn. Then multiple that number by 50% and that's the additional bonus you'll receive at the end of the year!