Lisa Cahill, Credit Cards Moderator
@lisacahill
The best cash back credit card with no annual fee is the Wells Fargo Active Cash® Card because it gives 2% cash rewards on all purchases and has a $0 annual fee. New Wells Fargo Active Cash cardholders also get $200 cash rewards after spending $500 in the first 3 months. You will need good credit or better to get approved.
Best Cash Back Credit Cards with No Annual Fee
- Rates & FeesOverall: Wells Fargo Active Cash® CardWells Fargo Active Cash® CardLearn MoreLearn Moreon issuer's website
- Excellent Credit: Alliant Cashback Visa® Signature Credit CardAlliant Cashback Visa® Signature Credit CardLearn MoreLearn More
- Low APR & Rewards: Chase Freedom Unlimited®Chase Freedom Unlimited®Learn MoreLearn Moreon issuer's website
- Dining & Entertainment Rewards: Capital One SavorOne Cash Rewards Credit CardCapital One SavorOne Cash Rewards Credit CardLearn MoreLearn More
- Fair Credit: Upgrade Cash Rewards Visa®Upgrade Cash Rewards Visa®Learn MoreLearn Moreon issuer's website
- Limited Credit: Petal® 2 Visa® Credit CardPetal® 2 Visa® Credit CardLearn MoreLearn Moreon issuer's website
- Bad Credit: Capital One Quicksilver Secured Cash Rewards Credit CardCapital One Quicksilver Secured Cash Rewards Credit CardLearn MoreLearn More
Cash back gives flexibility and freedom when it comes to earning and using rewards. You’ll get a percentage back on every purchase, and you can spend your rewards however you like. Below, you can get an even better sense of how much you can earn with the top cash back credit cards with no annual fee.
Best Credit Cards with No Annual Fee and Cash Back Comparison
| Credit Card | Best For | Ongoing Rewards |
| Overall | 2% cash rewards | |
| Excellent Credit | 1.5 - 2.5%* cash back | |
| Low APR & Rewards | 1.5 - 5% cash back | |
| Dining Rewards | 1 - 5% cash back | |
| Fair Credit | 1.5% cash back | |
| Limited Credit | 1 - 1.5% cash back | |
| Bad Credit | 1.5 - 5% cash back |
*Tier One Rewards: Earn 2.5% cash back on your first $10,000 monthly eligible purchases and earn 1.5% cash back on your monthly eligible purchases above $10,000. Terms apply.
Wells Fargo Active Cash® Card
Jeffery Gulbro, Member
@jefferyg_34
The PayPal Cashback Credit Card is much better; $0 annual fee and 2 - 3% cash back.
Brandon Bettan, Member
@brandon_bettan
I think it's the Discover it® Cash Back card. It matches all the cash back you've earned during your first year, so your 5% back will actually be 10%.
People also ask
Is it better to have no annual fee?
It is better to have a no annual fee credit card if you are looking to build credit or not planning to spend much with the card. In addition, no annual fee cards are preferable when you won’t be able to save more with better rewards by opting for a card that charges a membership fee. It all comes down to personal preference, your financial situation and what credit cards are available.
Popular Rewards...
read full answerIs it better to pay off your credit card or keep a balance?
It’s better to pay off your credit card than to keep a balance because paying the card off will save you money on interest. Credit card companies charge interest when you don’t pay your bill in full every month, but you’ll enjoy a grace period with no interest if you always pay your full statement balance by the due date.
Some people think you need to carry a balance in order to see positive information...
read full answerWhich card is better, Visa or Mastercard?
Visa and Mastercard are tied in the categories that matter most to consumers. Both Visa and Mastercard are accepted in more than 200 countries, and it is rare to find a location that accepts one but not the other. Furthermore, both Visa and Mastercard administer certain benefits programs, including rental car insurance and extended warranties. But individual card issuers decide what coverage cardholders receive.
So it doesn’t really matter whether you have a Visa or Mastercard in...
read full answerDid we answer your question?