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Credit cards offering the best rewards often prove heftier, don’t they? While the fees are worth paying in a few cases, not everyone buys these cards. When hands are tight, even you would give a second thought to paying that annual fee. However, some of the best cashback credit cards will do justice to your savings!
Excited, yeah? Scroll down to learn about the best cashback credit cards with no annual fee. Further in this guide, you’ll get a deep insight into how these cards are worth your look!
Let’s go!
10 Best Cashback Credit Cards With No Annual Fee
We’ve covered you with a list of the best cashback credit cards that charge zero annual fee and offer several other benefits and rewards!
Have a look here!
1. Chase Freedom Flex
Chase Freedom Flex is best for a welcome bonus
Rewards rate
1% cash back on all other purchases
Intro APR:
0% intro APR for 15 months.
Annual Fee:
$0
Regular APR:
20.49% – 29.24%
Credit Score Required: FiCCO score 670 or higher
Why Choose It: Looking to maximize your rewards? Consider Chase Freedom Flex, a rotating bonus category card. It’s one of the best cashback credit cards with no annual fee.
- 5%cash back on travel booked via Chase Travel
- 3% on dining and drugstore purchases. Dining encompasses takeout and eligible delivery services
- 1% cash back on all other purchases
Welcome Bonus: In the first 3 months, earn a $200 welcome bonus after you spend $500 on purchases after opening your account.
Additional Benefits:
It’s a great fit for beginners looking for a rewards credit card with no annual fee. Moreover, the card offers an easily welcoming sign-up bonus and more.
Pros
- No annual fee
- Good welcome bonus
- Earn up to 5%cash back in selected categories upon activation.
- You can transfer rewards to a Chase Ultimate Rewards card.
- Chase Freedom Flex offers various travel and consumer benefits, such as secondary auto rental collision damage coverage, interruption insurance, trip cancellation, purchase protection, extended protection and warranty, and mobile phone protection when paying your bill with your Freedom Flex card.
Cons
- You need to activate bonus categories after each quarter
- 3% foreign transaction fee
Annual Fee: $0
Balance Transfer Fee:
- The intro fee is either $5 or 3% of the amount of every transfer, whichever is greater, on transfers you make within 60 days of account opening.
- After 60 days, either $5 or 5% of the amount of each transfer, whichever is higher.
Credit Score Required: Excellent/Good (A good FICO score of 670 or higher is necessary; an excellent credit score above 700 may give you a better chance of approval).
Intro APR: 0% for the first 15 months after account opening on every balance transfer and purchase.
Foreign Transaction Fee: 3%
Regular APR: 20.49% – 29.24% variable
- You get special discounts and perks from their partners, such as Instacart and Lyft.
- The card is even stronger when combined with a Chase Sapphire Preferred Card, Chase Sapphire Reserve, or Ink Business Preferred Credit Card – any of these cards offer you the freedom to transfer the points you earn on this Freedom Flex card.
- One of the premium cards where you can redeem points via Chase Travel quoting up to 25% to 50% more, depending on which card is transferred or you’ve at a 1:1 ratio to Chase’s airline and hotel partners, encompassing World of Hyatt and United MileagePlus.
2. Blue Cash Everyday Card from American Express
Blue Cash Everyday Card from American Express is best for Groceries
Rewards rate
3% cash back at U.S. supermarkets for purchases up to $6,000 annually.
Intro APR:
0% intro APR for 15 months.
Annual Fee:
$0
Regular APR:
19.24% – 29.99%
Credit Score Required:FICO score of 670-850
Why Choose It: The Blue Cash Everyday Card from American Express is a leading no-annual-fee card* which is best for grocery shoppers.
- 3% cash back at U.S. supermarkets for purchases up to $6,000 annually.
- 1% & 3% cash back at U.S. gas stations, up to $6,000 annually.
- 1% & 3% cash back on U.S online retail, up to $6,000 annually.
Welcome Bonus: After spending $2,000 in purchases within the first six months, you can earn a $200 statement credit.
Additional Benefits:
It’s a great fit for beginners looking for a rewards credit card with no annual fee. Moreover, the card offers an easily welcoming sign-up bonus and more.
Pros
- 3% cash back at U.S. supermarkets (up to $6,000 a year
- 1%, 3% cash back at U.S. gas stations (up to $6,000 per year
- Last but not least, you can earn 1% cash back on Amex Offers, which offer statement credits or more rewards at select merchants.
Cons
- 2.7% fee on international purchases
- Not for people who don’t do regular grocery shopping.
Annual Fee: $0
Balance Transfer Fee: $5 or 3% of the amount on every transfer, whichever is higher.
Credit Score Required: Excellent/Good (This card usually requires a good or excellent FICO score of 670-850.
Intro APR: 0% for the first 15 months after account opening on every balance transfer and purchase.
Foreign Transaction Fee: 2.7%
Regular APR: 19.24% – 29.99% variable
- With this card’s PLAN IT feature, you can go with Buy Now, Pay Later. Now, split purchases above $100 or more into equal monthly installments with a fixed fee so you don’t need to pay for everything at once.
- With Send & Split, you can send money and split your purchases with any other PayPal or Venmo user, directly from the Amex App.
- With Pay It, you can use the app to quickly make transactions for small purchase amounts during the month and can still earn rewards.
3. Wells Fargo Active Cash Card
Wells Fargo Active Cash Card is best for Flat-Rate Cash Rewards with No Annual Fee
Rewards rate
1% cash back on all other purchases
Intro APR:
0% intro APR for 15 months.
Annual Fee:
$0
Regular APR:
20.24%, 25.24%, or 29.99%
Credit Score Required: FiCCO score 670 or higher
Why Choose It: Wells Fargo Active Cash Card is best known for 0% APR and is great for those who want to earn cash rewards. However, they might require a little more time to pay off their credit card balance.
- Unlimited 2% cash rewards on purchases
- To get additional information on how to redeem your credit card cash rewards, please visit wellsfargo.com/rewards
Welcome Bonus: Within the first three months, earn a $200 cash rewards bonus after you spend $500 on purchases.
Annual Fee: $0
Balance Transfer Fee:
- 3% intro for 120 days from account opening, then
- A balance transfer fee of up to 5% (min: $5).
Credit Score Required: Excellent/Good (A good FICO score of 670 or higher is necessary; an excellent credit score above 700 may give you a better chance of approval).
Intro APR:
- 0% intro APR for 15 months from the account opening date on qualified balance transfers and purchases.
- These balance transfers are qualified within 120 days for the intro rate.
Foreign Transaction Fee: 3%
Regular APR: 20.24%, 25.24%, or 29.99% Variable APR
- Wells Fargo Active Cash Card earns 2% cash rewards back on every purchase.
- Additionally, paying your monthly bills via smartphone with this card qualifies you for mobile phone protection (a kind of insurance).
- The mobile phone coverage includes a $25 deductible and provides $600 on every claim—you can make a maximum of two claims annually.
4. Capital One SavorOne Cash Rewards Credit Card
Capital One SavorOne Cash Rewards Credit Card is best for Dining
Rewards rate
Earn 10% cashback on purchases made via Uber & Uber Eats.
Intro APR:
0% intro APR for 15 months.
Annual Fee:
$0
Regular APR:
19.99% – 29.99%
Credit Score Required: 720 for excellent scoring
Why Choose It: Capital One SavorOne cash credit card is for foodies and enthusiasts looking to maximize their reward bank. This card offers 3% cash back, which is one of the highest rates on dining and entertainment purchases.
- Earn 10% cashback on purchases made via Uber & Uber Eats
- Get 8% cashback on Capital One Entertainment purchases
- Earn 5% cashback on hotels and rental cars booked via Capital One Travel (Terms and Conditions Apply)
- You’ll 3% cashback on dining plus at grocery stores (except supermarkets, like Walmart and Target)
- 1% cash back on all other purchases
- 3% cash back on renowned entertainment and popular streaming services.
Welcome Bonus: Earn a one-time cash bonus of $200 on $500 purchases within the first three months from the account opening date.
Pros
- Zero charges on purchases made outside the U.S.
- 3% cash back on dining, streaming services, and entertainment purchases
- Opportunity to redeem rewards on any amount, unlike some other cards that have a $25 minimum
- Extraordinarily competitive financing offers on balance transfers and new purchases
Cons
- Within the first 15 months, you get a 3% balance transfer fee for the amounts you transfer
Annual Fee: $0
Balance Transfer Fee:
- 3% – for the first 15 months
- 4% – on promotional APR that Capital One may offer anytime
Credit Score Required: 720 for excellent scoring
Intro APR: For the first 15 months from the date of account opening, 0% intro APR on balance transfers and purchases.
Foreign Transaction Fee: 0
Regular APR: 19.99% – 29.99% variable
- Earn 8% cash back on Capital One Entertainment purchases with a SavorOne card, which offers various perks and access to exclusive offers.
- You can use your Capital One rewards to make purchases when checking out at PayPal.
5. Discover It Cash Back
Discover It Cash Back is best for No Annual Fee
Rewards rate
Earn 10% cashback on purchases made via Uber & Uber Eats.
Intro APR:
0% intro APR for 15 months.
Annual Fee:
$0
Regular APR:
18.24% – 28.24%
Credit Score Required: FICO score 670 or higher
Why Choose It: Discover It Cashback is one of the best cashback credit cards with no annual fee, offering “unlimited cash back matches for its new cardmembers.”
- No minimum spending or maximum rewards. Turning $ 150 cash back into $300 is in your hands.
- Earn 5%cash back on everyday purchases wherever you shop every quarter, such as grocery stores, gas stations, restaurants, etc., up to the quarterly maximum when you activate.
- Automatically earn unlimited 1% cash back on all other purchases.
Welcome Bonus: The Discover card will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $ 150 cash back into $300.
Pros
- 5% cash back on quarterly rotating purchasing categories throughout the year (activation required)
- No minimum cashback redemption
- Automatically, Discover will match all the cash back you’ve earned at the end of your first year
Cons
- A 5% bonus cashback rate is restricted to $1,500 in every quarter on purchases
- There should be quarterly activation of bonus categories.
- Low 1% base reward rate on anything else
Annual Fee: $0
Balance Transfer Fee: 3% Intro Balance Transfer Fee until September 10, 2024, and up to 5% fee for future balance transfers.
Credit Score Required: Excellent/Good (a FICO credit score of at least 670 or higher); higher should be at least 739 range is good.
Intro APR: 0% intro APR for first 15 months on purchases from the date of account opening.
Foreign Transaction Fee: 3%
Regular APR: 18.24% – 28.24% Standard Variable Purchase APR applies (based on creditworthiness).
- Often, you’ll find a wide range of options in its rotating categories, like drug stores, gas stores, grocery stores, and restaurants, which makes it easy for people to take advantage of them.
- A Discover account involves extra security features to protect you against fraud and identity theft.
- This card will help keep your credit utilization low. Paying bills on time could assist you in building and analyzing your credit history while maximizing rewards.
6. Citi Double Cash Card
Citi Double Cash Card is best for for Everyday Spending
Rewards rate
Earn 2% on every purchase
Intro APR:
0% intro APR for 18 months.
Annual Fee:
$0
Regular APR:
19.24% to 29.24%.
Credit Score Required: FICO score of 580–850
Why Choose It: Citi Double Cash Card is one of the best cashback credit cards with no annual fee. With it, you get a combined 2% reward rate, which comprises 1% when you purchase something and 1% when you pay it off.
- Earn 2% on every purchase with unlimited 1% cash back when purchasing anything; get an additional 1% as you pay for those purchases.
- To earn cash back, you are required to pay at least the minimum due on time.
Welcome Bonus: Earn $ 200 cash back on purchases worth $1,500 in the first six months from the date of account opening.
Pros
- 2% cash back on all eligible purchases
- Simple cashback program that doesn’t require activation or spending caps
- One of the longest intro periods for balance transfers at 18 months
Cons
- 3% charge on purchases made outside the U.S.
Annual Fee: $0
Balance Transfer Fee: 3% Intro Balance Transfer Fee until September 10, 2024, and up to 5% fee for future balance transfers.
Credit Score Required: FICO score of 580–850
Intro APR: Intro fee of 3% of each transfer ($5 minimum) completed within the first 4 months from the date of account opening.
After this, the balance transfer fee of a minimum of 5% of each transfer applies.
Foreign Transaction Fee: 0
Regular APR: 18.24% – 28.24% Standard Variable Purchase APR applies (based on creditworthiness).
- ThankYou Points in Citi Double Cash Card
- With a Citi Double Cash Card, you can earn cash back in the form of ThankYou Points. You’ll earn 1 ThankYou point per $1 spent on purchases and an additional ThankYou point for every $1 paid on your purchases as long as there is enough balance in your Purchase Tracker.
- Citi Double Cash Credit Card has no restricting categories to sign up for and to keep track of. Also, there’s no limit on the amount of cash back you earn.
Redeem
- You can redeem your points for cash back as a check, direct deposit, or statement credit. Alternatively, you can find other ways to redeem points, including gift cards and travel. Finally, you can shop with these redeemed Points at Amazon.com.
Pairing With Other Card
- Pairing your Citi Double Cash Card with a Citi Strata Premier℠ Card can help you gain access to travel partners for redeeming points at a higher value.
- ID Theft Protection
- 24-Hour Fraud Protection
- $0 Liability on Unauthorized Charges
- The Lost Wallet Services
7. Alliant Cashback Visa Signature Credit Card
Alliant Cashback Visa Signature Credit Card is best for No Foreign Transaction Fee
Rewards rate
Earn 10% cashback on purchases made via Uber & Uber Eats.
Intro APR:
0% intro APR for 15 months.
Annual Fee:
$0
Regular APR:
17.49% to 27.49%
Credit Score Required: FICO score 670 or higher
Why Choose It: Alliant cash back Visa Signature Credit Card is one of the highest-earning flat-rate rewards cards on the market.
- Earn 2.5% cash back on your first $10,000 when you qualify for eligible purchases*, and 1.5% for purchases over $10,000.
Welcome Bonus: None
Pros
- No annual fee
- Get 2.5%cash back on every purchase up to $250 in cashback rewards per billing cycle.
- Simple and easy-to-use cashback rewards
Cons
- No special financing offers
- No welcome bonus
Annual Fee: $0
Balance Transfer Fee: 3% of every transfer you make, with a minimum of $5. There’s a $1 minimum interest charge when your interest is due.
Credit Score Required: A 670 or higher FICO score or a 661 or higher VantageScore)
Intro APR: 0% intro APR for first 15 months on purchases from the date of account opening.
Foreign Transaction Fee: 3%
Regular APR: 17.49% to 27.49% variable
- The card greatly benefits travelers, especially since it doesn’t charge foreign transaction fees.
- It further comes with travel benefits, such as auto rental collision damage waiver, emergency card replacement, roadside assistance, and travel accident coverage.
Don’t worry if you can’t qualify for membership based on your job, location, or family member. By supporting Foster Care to Success, Alliant’s partner charity, you can join Alliant for free. This is possible because Alliant pays the $5 membership fee on the cardholder’s behalf.
8. U.S. Bank Cash+ Visa Signature Card
Alliant Cashback Visa Signature Credit Card is best to Pair With Others
Rewards rate
Earn 5% cash back on your first $2,000 combined eligible purchases every quarter
Intro APR:
0% intro APR for 15 months.
Annual Fee:
$0
Regular APR:
19.49% – 29.74%.
Credit Score Required: FICO score 670 or higher
Why Choose It: The U.S. Bank Cash+ Visa Signature Card is popular for customizable cashback rewards.
- Earn 5% cash back on your first $2,000 combined eligible purchases every quarter in two categories of your choice.
- Get 5% cash back on prepaid cars, flights, and hotel reservations booked directly in the Rewards Travel Center.
- Earn 5% cash back on two categories of your choice out of:
- Cell phone
- Department stores
- Electronic stores
- Fast food
- Home Utilities
- TV, internet, streamline services.
- Earn from more than 5% cash back categories:
- Gyms or fitness centers
- Sporting goods stores
- Furniture Stores
- Ground Transportation
- Movie theaters
- Select clothing stores
- Earn 2% cash back on everyday purchases, such as:
- Grocery stores and delivery
- Restaurants
- EV charging stations and gas stations.
- 1% cash back on all other eligible purchases.
Welcome Bonus: Within the first 90 days from the account opening date, you get a $200 rewards bonus after spending $1,000 in eligible purchases.
Pros
- No annual fee
- 0% intro on purchases for 15 billing cycles
- Up to 5%cash back in all eligible categories
- 2%cash back in various eligible categories
- Welcome bonus
Cons
- In every quarter, a 5% cashback rate is limited to the first $2,000 on combined purchases in chosen categories.
- You must choose your 5% categories, indicating you can miss out on higher rewards.
- When traveling outside the United States, there may be a 3% foreign fee charge on the transaction amount.
Annual Fee: $0
Balance Transfer Fee: 3% of every transfer you make, with a minimum of $5. There’s a $1 minimum interest charge when your interest is due.
Credit Score Required: FICO score 670 or higher
Intro APR: 0% intro APR for first 15 months on purchases from the date of account opening.
Foreign Transaction Fee: 3%
Regular APR: 19.49% – 29.74%
- The U.S. Bank Cash+ Visa Signature Card includes benefits such as excellent travel and emergency assistance.
- *Tip: Ensure you choose your preferred bonus categories every quarter; otherwise, you’ll be stuck with the base rate of 1%.
9. Bank of America Customized Cash Rewards Credit Card
Bank of America Customized Cash Rewards Credit Card is best for its customizable cash back categories
Rewards rate
Earn 5% cash back from eligible categories, including cable, dining, drug stores, EV charging stations, furnishing purchases, gas stations, home improvement, internet, streaming services, online shopping, pharmacy, phone plans, and travel.
Intro APR:
0% intro APR for 15 months.
Annual Fee:
$0
Regular APR:
19.49% – 29.74%.
Credit Score Required: FICO score 670 or higher
Why Choose It: The Bank of America Customized Cash Rewards credit card is known for its customizable cash back categories.
- Cardholders can earn 3% cash back every month to choose from different categories.
- Earn 5% cash back from eligible categories, including cable, dining, drug stores, EV charging stations, furnishing purchases, gas stations, home improvement, internet, streaming services, online shopping, pharmacy, phone plans, and travel.
- You can earn 2% cash back at grocery stores & wholesale clubs (up to $2,500 in combined choice category/quarterly purchase/grocery store/wholesale club) and
- Also, get 1% cash back on all other purchases.
Additional Reward:*
Bank of America credit card Preferred Rewards members can earn up to 25–75% more cashback on top of the card’s standard rewards. This implies you could earn 3.75%-5.25% more cash back on purchases in your preferred category.
Welcome Bonus: Get a $200 online cash rewards bonus after purchasing at least $1,000 in the first 90 days from the account opening date.
Pros
- Bank of America Preferred Rewards help clients earn 25% to 75% more cashback.
- You can change the 3% bonus category, which is charged monthly.
Cons
- This card may not be the best choice for everyone as it has quarterly spending caps and a lower welcome bonus.
- High balance transfer fee
Annual Fee: $0
Balance Transfer Fee: A 3% Intro balance transfer fee applies for the first 60 days from your account opening date. After the Intro balance transfer fee offer ends, the future balance transfer fee is 4%.
Credit Score Required: Excellent/Good (generally, a 670+ FICO Score is recommended.
Intro APR: There’s a 0% Intro APR for 15 billing cycles to purchase anything and make any balance transfers within the first 60 days from the account opening date.
Foreign Transaction Fee: 3%
Regular APR: 19.49% – 29.74% Variable
- There’s chip card security with the ease of a tap.
10. Capital One VentureOne Rewards Credit Card
Capital One VentureOne Rewards Credit Card is the best Travel Card for Beginners
Rewards rate
Earn unlimited 5 miles per dollar on rental cars and hotels booked via Capital One Travel card
Intro APR:
0% intro APR for 15 months.
Annual Fee:
$0
Regular APR:
19.99% – 29.99%
Credit Score Required: FICO score 690 or higher
Why Choose It: The Capital One VentureOne Rewards Credit Card is one of the best cashback credit cards with no annual fee and is known for its uncomplicated reward structure. It’s also one of the best travel cards for beginners.
- Earn unlimited 5 miles per dollar on rental cars and hotels booked via Capital One Travel card
- Get unlimited 1.25 miles per dollar on every spend to redeem on hotels, flights, etc.
Additional Reward:
- Auto rental collision damage waiver
- Extended warranty
- Emergency card replacement
- Travel accident insurance
Welcome Bonus: New Card Member Offer—Earn 20,000 Miles bonus after spending $500 on purchases within 3 months of account opening, which is equal to $200 in travel.
Pros
- No annual fee
- Access to Capital One transfer partners.
- Get extra miles when booking travel via the Capital One portal.
- World Elite Mastercard travel and shopping benefits.
- No foreign transaction fees (see rates and fees)
Cons
- Low welcoming bonus
- No lounge access
- The earnings rates are much better with other Capital One and no-annual-fee cards.
Annual Fee: $0
Balance Transfer Fee:
- For the first 15 months, a 3% balance transfer fee
- Capital One card may offer 4% at a promotional APR (rates & fees).
Credit Score Required: A FICO score of at least 690 is a must.
Intro APR: There’s a 0% Intro APR for 15 billing cycles to purchase anything and make any balance transfers within the first 60 days from the account opening date.
Foreign Transaction Fee: None
Regular APR: 19.99% – 29.99% variable APR.
- On average, save 15% on flights using price prediction via Capital One Travel.
- Use your bonus miles to get reimbursement for any travel purchase, or you can redeem points by booking your trip via Capital One Travel Card.
- You can enjoy more flexibility when you transfer your miles to 15+ travel (airline) and hotel loyalty programs of your choice.
- In Capital One Entertainment, you can enjoy events, including music, dining, and sports, with exclusive access to pre-tickets, sales, etc.
- You can use your rewards at Amazon.com.
- You can redeem your points at PayPal.
- Cardholders get access to exclusive dining reservations at renowned restaurants & tickets.
- Capital One cardholders can get 50% off on handcrafted beverages daily at any Capital One Café in the country.
Related articles you might love:
- How to Choose the Best Credit Card
- 10 Best Rewards Credit Cards with No Annual Fees
- Top 11 Cash Back Credit Cards in the USA
The Final Verdict
These top picks for the best cashback credit cards with no annual fee offer a huge range of benefits and rewards to cardholders. Not only do these cashback credit cards assist you in saving on your regular purchases without any hassle, but these cashback rewards aren’t taxable, as per Verify.
Moreover, you have the advantage of depositing and taking these savings directly into emergency funds and piling them up in your brokerage account.
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