Alex Johnson, Member
@nobarter
The best credit card with no annual fee and cash back is the Citi® Double Cash Card, which gives unlimited 2% cash back on all purchases. But there are plenty of other great contenders. Some of them are the Capital One Quicksilver Cash Rewards Credit Card, the Wells Fargo Cash Wise Visa® card, the Blue Cash Everyday® Card from American Express and the Discover it® Student Cash Back card.
The price you pay for no annual fee and cash back is a good or excellent credit score needed for high approval odds. The one exception is the Discover it® Secured Credit Card, which people with bad credit can get, as long as they’re willing to pony up a $200 refundable security deposit.
Here are the best credit cards with no annual fee and cash back:
- Citi® Double Cash Card: $0 annual fee, unlimited 2% cash back, no initial bonus. 0% for 18 months introductory APR for balance transfers.
- Capital One Quicksilver Cash Rewards Credit Card: $0 annual fee, unlimited 1.5% cash back, $200 cash bonus for spending $500 in 3 months. 0% for 15 months introductory APR for purchases.
- Discover it® Student Cash Back: $0 annual fee, up to 5% cash back in certain categories that change every three months, 1st year’s cash back doubled. 0% for 6 months intro APR for purchases and 10.99% for 6 months for balance transfers.
- Wells Fargo Cash Wise Visa® card: $0 annual fee, unlimited 1.5% cash back, $150 bonus for spending $500 in 3 months. Introductory APR of 0% for 15 months for purchases and 0% for 15 months on qualifying balance transfers.
- Discover it® Secured Credit Card: $0 annual fee, 1 - 2% cash back, 1st year’s cash back doubled.
- Blue Cash Everyday® Card from American Express: $0 annual fee, 3% cash back on first $6,000 spent on groceries per year, 2% cash back at gas stations and select department stores, and 1% cash back on all other purchases. $200 bonus for spending $1,000 in the first 3 months. 0% for 15 months intro APR for purchases.
Cash back gives flexibility and freedom when it comes to earning rewards. You’ll get a percentage back on every purchase, and you can spend your rewards however you like. Most of these cards offer great financing options as well. So, pick a card based on whatever secondary benefits work best for you.
Jeffery Gulbro, Member
@jefferyg_34
The PayPal CashBack Credit Card is much better; $0 annual fee and 2% 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%.
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