Top Cash Back Rewards Credit Cards with No Annual Fee

If you’re looking to maximize your rewards while minimizing costs, a cash back credit card without an annual fee could be just what you need. These rewards cards offer a great way to earn cash back with every purchase, typically ranging from 1-5% on eligible purchases, all without having to pay an annual fee. While there are many cash back credit cards on the market, finding the right one can be a daunting task. To help make the choice easier, we’ve compiled a list of some of the best cash back rewards credit cards with no annual fees available out there. From earning bonus cash back on certain categories to receiving high cash back on everyday purchases, these cards offer great value and rewards with no added fees. So, let’s dive in and see which cash back credit cards could save you money and earn you more rewards.

Top 10 Best Cash Back Rewards Credit Cards with No Annual Fee

When it comes to choosing a credit card, finding one with cash back rewards and no annual fee is always a top priority. With so many options available, it can be tough to decide which card is right for you. To help simplify the process, we’ve compiled a list of the top 10 best cash back rewards credit cards with no annual fee.

1. Capital One Quicksilver Cash Rewards Credit Card

The Capital One Quicksilver Cash Rewards Credit Card offers unlimited 1.5% cash back on every purchase, every day with no annual fee. This card also offers a one-time $200 cash bonus after spending $500 on purchases within the first three months. Another great feature is that there are no foreign transaction fees, making it a great card for travelers.

2. Chase Freedom Unlimited

The Chase Freedom Unlimited offers a generous and flexible cash back rewards program with no annual fee. Cardholders can earn unlimited 1.5% cash back on all purchases, and a one-time $200 bonus after spending $500 in the first three months. Plus, this card offers 0% intro APR for 15 months on purchases and balance transfers.

3. Discover it Cash Back

The Discover it Cash Back credit card offers up to 5% cash back in rotating categories and unlimited 1% cash back on all other purchases. Plus, Discover will match all the cash back you earn at the end of your first year. There’s also no annual fee or foreign transaction fees.

4. Citi Double Cash Card

The Citi Double Cash Card offers unlimited 2% cash back on all purchases, with no annual fee. This card also offers a 0% intro APR for 18 months on balance transfers, making it a great option for those looking to consolidate debt.

5. Blue Cash Everyday Card from American Express

The Blue Cash Everyday Card from American Express offers cash back rewards on everyday purchases like groceries, gas, and streaming services. Cardholders can earn 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%), 2% cash back at U.S. gas stations and select U.S. department stores, and 1% back on all other purchases. Plus, there’s no annual fee.

6. Bank of America Cash Rewards Credit Card

The Bank of America Cash Rewards Credit Card offers 3% cash back in your choice of one of six categories, 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases. Plus, Bank of America customers can earn an additional 25-75% cash back on purchases through the bank’s rewards program.

7. Chase Freedom Flex

The Chase Freedom Flex credit card offers 5% cash back on up to $1,500 in combined purchases in rotating categories each quarter you activate. Plus, cardholders can earn 5% cash back on travel purchased through Chase Ultimate Rewards and 3% cash back on dining and at drugstores. All other purchases earn 1% cash back. There’s also no annual fee.

8. Uber Visa Card

The Uber Visa Card offers cash back rewards on everyday purchases like dining, travel, and online shopping. Cardholders can earn 4% cash back on dining, 3% cash back on travel (including hotels, airfare, and vacation rentals), 2% cash back on online purchases (including Uber rides), and 1% cash back on all other purchases. Plus, there’s no annual fee.

9. Wells Fargo Propel American Express Card

The Wells Fargo Propel American Express Card offers unlimited 3% cash back on dining, gas stations, rideshares, transit, flights, hotels, homestays, car rentals, and popular streaming services. All other purchases earn 1% cash back. Plus, there’s no annual fee.

10. Amazon Prime Rewards Visa Signature Card

The Amazon Prime Rewards Visa Signature Card offers cash back rewards on Amazon purchases and more. Cardholders can earn 5% cash back at Amazon.com, Whole Foods Market, and on eligible purchases at Amazon owned properties, 2% cash back at restaurants, gas stations, and drugstores, and 1% cash back on all other purchases. Plus, there’s no annual fee for Prime members.

In conclusion, there are many great cash back rewards credit cards with no annual fee available to choose from. Whether you’re looking for a card with a flat cash back rate or one with rotating categories, it’s important to find a card that fits your spending habits and lifestyle needs. By considering these top 10 options, you’re sure to find a card that suits you best.

Top 10 Best Cash Back Rewards Credit Cards with No Annual Fee

Finding a cash back rewards credit card with no annual fee can put you on the path to financial flexibility. By using a cash back rewards credit card, you can earn money back for everyday purchases like gas, groceries, and dining out. But with so many options out there, how do you know which ones are the best? In this article, we’ve narrowed down the top 10 best cash back rewards credit cards with no annual fee to help you make an informed decision.

1. Chase Freedom Unlimited

The Chase Freedom Unlimited credit card is a great option for those who want to earn cash back without worrying about rotating categories. With this card, you can earn unlimited 1.5% cash back on every purchase you make, no matter where you shop. Plus, if you spend $500 within the first three months of opening the card, you’ll earn a $200 bonus.

2. Citi Double Cash Card

The Citi Double Cash Card is a simple and straightforward cash back rewards credit card. You earn 1% cash back on all purchases, and an additional 1% cash back when you pay your bill. This means you can earn up to 2% cash back on every purchase you make, making it one of the highest earning cash back credit cards out there.

3. Capital One Quicksilver Cash Rewards Credit Card

The Capital One Quicksilver Cash Rewards Credit Card offers an unlimited 1.5% cash back on all purchases, making it an excellent option for those who want a straightforward and easy-to-use rewards credit card. Plus, you can earn a $150 cash bonus if you spend $500 within the first three months of opening the card.

4. Discover it Cash Back

The Discover it Cash Back credit card is a great option for people who like to earn rewards in rotating categories. Every quarter, Discover chooses a different category where you can earn 5% cash back (up to a limit) on purchases. Plus, you’ll earn 1% cash back on all other purchases. Discover will match all the cash back you earn at the end of your first year.

5. Blue Cash Everyday Card from American Express

The Blue Cash Everyday Card from American Express offers an excellent cash back rewards structure, combining both high earning rates and rotating categories. You can earn 3% cash back on purchases at U.S. supermarkets (up to $6,000 in purchases per year), 2% cash back at U.S. gas stations and select U.S. department stores, and 1% cash back on all other purchases.

6. Bank of America Cash Rewards Credit Card

The Bank of America Cash Rewards Credit Card offers solid cash back options, with 3% cash back on purchases at gas stations and 2% cash back at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), and 1% cash back on all other purchases. You can also earn a $200 cash rewards bonus if you spend $1,000 in the first 90 days of opening the card.

7. Wells Fargo Cash Wise Visa Card

The Wells Fargo Cash Wise Visa Card offers a flat 1.5% cash back on all purchases, as well as a $200 cash rewards bonus if you spend $1,000 in the first three months of opening the card. One of the standout features of this card is its cell phone protection, which covers up to $600 in damage or theft (with a $25 deductible) when you pay your monthly cell phone bill with the card.

8. Chase Freedom Flex

The Chase Freedom Flex credit card offers 5% cash back on rotating categories (up to $1,500 in combined purchases each quarter) like gas stations, streaming services, and grocery stores, as well as 5% cash back on travel purchased through Chase Ultimate Rewards. Plus, you can earn unlimited 1% cash back on all other purchases.

9. US Bank Cash+ Visa Signature Card

The US Bank Cash+ Visa Signature Card allows you to choose two categories where you can earn 5% cash back (up to $2,000 in combined purchases per quarter), as well as an additional category where you can earn 2% cash back. Plus, you can earn a $150 bonus when you spend $500 in eligible net purchases within the first 90 days of opening the card.

10. Costco Anywhere Visa Card by Citi

The Costco Anywhere Visa Card by Citi is a great option for Costco members who want to earn cash back on everyday purchases. You can earn 2% cash back on purchases from Costco and Costco.com, as well as 3% on dining and travel, 4% on gas, and 1% on all other purchases. Plus, there’s no annual fee for Costco members.

Top 5 Best Cash Back Rewards Credit Cards with No Annual Fee

If you are looking for a cash back rewards credit card that offers maximum reward points without paying an annual fee, there are some excellent options available. Here are the top 5 best cash back rewards credit cards with no annual fee:

1. Discover it Cash Back

Discover it Cash Back is a top pick for those looking to earn cash back rewards. It offers 5% cash back on rotating categories such as gas stations, restaurants, and grocery stores up to a quarterly maximum when activated and unlimited 1% cash back on all other purchases. Discover will also match all the cash back earned at the end of your first year. That’s right – effectively earning 10% cash back on rotating categories. There is no annual fee and no minimum redemption amount, and you can redeem your cash back in many ways including as statement credits, direct deposits, and gift cards.

2. Chase Freedom Unlimited

Chase Freedom Unlimited is another great no annual fee credit card for cash back rewards. It offers a flat-rate cash back of 1.5% on all purchases with additional cash back on some purchases. You’ll earn a $200 cash back bonus after spending $500 in the first three months, and an additional 5% cash back on grocery store purchases (not including Target or Walmart purchases) for your first year up to $12,000 spent, this offer ends on November 30th, 2021. Unlike some other cash back credit cards, there is no minimum redemption amount, and you can redeem your cash back anytime.

3. Capital One Quicksilver Cash Rewards Credit Card

The Capital One Quicksilver Cash Rewards Credit Card is a popular credit card that offers flat-rate cash back rewards of 1.5% on all purchases with no spending categories to worry about. Plus, you can earn a $200 bonus after spending $500 on purchases within the first three months of account opening. There are no annual fees, no foreign transaction fees, and no minimum redemption amounts. You can redeem your cash back as a statement credit, check, or gift card.

4. Citi Double Cash Card

If you’re looking for a no-nonsense cash back rewards card, the Citi Double Cash Card is a great choice. It has no annual fee and offers up to 2% cash back on all purchases – 1% cash back when you make a purchase and another 1% cash back when you pay your bill on time. Redeeming your cash back rewards is easy and there is no minimum redemption amount. You can redeem it as a statement credit, direct deposit or check.

5. Bank of America Cash Rewards Credit Card

Bank of America Cash Rewards Credit Card is another great no annual fee credit card among cash back seekers. Cardholders get to choose their preferred 3% cash back category among gas, online shopping, dining, travel, drug stores, or home improvements and furnishings. Cardholders get 2% cash back at grocery stores and wholesale clubs and unlimited 1% cash back on all other purchases. You can also earn $200 cash back bonus by spending $1000 within the first 90 days of account opening. There is no minimum redemption amount, and you can redeem your cash back in many ways including as statement credits, depositing into your account, or redeeming as gift cards.

Cash Back Credit Card Cash Back Rewards Bonus Annual Fee
Discover it Cash Back 5% cash back on rotating categories up to a quarterly maximum when activated and unlimited 1% cash back on all other purchases. All cash back earned at the end of your first year will be matched. No Annual Fee
Chase Freedom Unlimited 1.5% cash back on all purchases with additional cash back on some purchases. $200 cash back bonus after spending $500 in the first three months, and an additional 5% cash back on grocery store purchases (US based supermarket purchases only) for your first year up to $12,000 spent, ends on November 30th, 2021. No Annual Fee
Capital One Quicksilver Cash Rewards Credit Card Flat-rate cash back rewards of 1.5% on all purchases. $200 bonus after spending $500 on purchases within the first three months. No Annual Fee
Citi Double Cash Card Up to 2% cash back on all purchases – 1% cash back when you make a purchase and another 1% cash back when you pay your bill on time. No bonus No Annual Fee
Bank of America Cash Rewards Credit Card Choose your preferred category: 3% cash back on online shopping, travel, dining, drug stores, gas, or home improvements and furnishings. 2% cash back at grocery stores and wholesale clubs. 1% cash back on all other purchases. $200 cash back bonus by spending $1000 within the first 90 days of account opening. No Annual Fee

Final Thoughts

With so many excellent cash back rewards credit cards available, it can be challenging to decide which one to choose. Consider your spending habits and choose a card that suits your everyday expenses and offers cash back benefits to maximize your rewards. Remember, all of the above credit cards have no annual fee, so you can get the benefits of cash back rewards without paying extra charges. Enjoy your cashback!

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The Pros and Cons of Best Cash Back Rewards Credit Cards with No Annual Fee

If you’re looking for a credit card that offers cash back rewards without an annual fee, you’re in luck. Many credit card issuers offer cards that do just that. However, as with any financial product, there are pros and cons to consider before applying for a card. Here we’ll take a closer look at some of the advantages and disadvantages of using a cash back rewards credit card with no annual fee.

  1. Pro: Cash Back Rewards
  2. One of the most significant advantages of using a cash back rewards card is earning cash back on eligible purchases. With some cards, you can earn anywhere from 1% to 6% cash back on purchases made with the card. Some cards also offer bonus categories, such as groceries, gas, or dining out, which can earn you even more cash back. This can add up over time, allowing you to earn hundreds of dollars in rewards annually.

  3. Pro: No Annual Fee
  4. With a cash back rewards card that doesn’t charge an annual fee, you don’t have to worry about paying for the privilege of earning rewards. This can be especially beneficial if you’re someone who doesn’t use your credit card frequently or don’t always carry a balance on it.

  5. Pro: 0% APR Introductory Rates
  6. Many cash back rewards cards with no annual fee also come with an introductory 0% APR period. During this time, you won’t be charged interest on purchases or balance transfers made with the card. This can be an excellent opportunity to make a large purchase or pay down existing debt without accruing interest charges.

  7. Pro: Consumer Protection and Perks
  8. Cash back rewards cards often come with consumer protection benefits such as extended warranties and purchase protection. You may also receive perks such as free access to your credit score, discounts on travel and dining, and other exclusive benefits reserved for cardholders.

  9. Con: High-Interest Rates
  10. Despite earning cash back rewards, some cash back cards come with higher interest rates than other credit cards. If you carry a balance on your card, interest charges can quickly add up, reducing the value of any rewards you earn.

  11. Con: Limited Redemption Options
  12. While earning cash back is always a plus, some cards limit how you can redeem rewards. For example, you may only be able to redeem points for statement credits, gift cards, or merchandise, or you may need to reach a certain threshold before you can cash in your rewards.

  13. Con: Annual or Quarterly Reward Caps
  14. Some cash back rewards cards come with caps on how much you can earn in rewards over a given period. For example, you may only be able to earn cash back on $3,000 worth of purchases per quarter. If you’re someone who spends more than that, you won’t be able to maximize your rewards potential.

  15. Con: Foreign Transaction Fees
  16. If you plan to use your card while traveling abroad, some cash back rewards cards may charge foreign transaction fees. These fees can add up quickly, and if you’re not careful, you could end up negating any rewards you earn.

  17. Con: Credit Score Considerations
  18. Applying for a new credit card can impact your credit score. Every time you apply for a new card, your credit score takes a hit. Additionally, carrying a balance on your card can also negatively impact your score.

  19. Con: Fine Print
  20. As with any financial product, it’s essential to read the fine print before signing up for a card. Some cards may have restrictions on how you can earn or redeem rewards, or they may come with hidden fees and charges. Be sure to read all the terms and conditions carefully to avoid any surprises down the line.

In conclusion, cash back rewards credit cards with no annual fee can be an excellent way to earn rewards without breaking the bank. However, it’s essential to consider both the pros and cons before applying for a card to ensure that it aligns with your financial goals and lifestyle. By doing your research and shopping around, you’ll be able to select a card that works best for you.

Thanks for Reading and Happy Shopping!

We hope that you found this article about the best cash back rewards credit card with no annual fee helpful in your search for the perfect credit card. Remember to always read the terms and conditions carefully and choose the card that best fits your lifestyle and spending habits. And don’t forget to come back and visit us for more articles like this. Happy shopping and thanks for reading!

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