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. Among the rest of the best cash back credit cards with no annual fee are Capital One Quicksilver (unlimited 1.5% cash back and 0% financing for 15 months), the Wells Fargo Cash Wise Visa (unlimited 1.5% - 1.8% cash back) and Blue Cash Everyday from American Express (3% cash back on up to $6,000 spent per year on groceries). And the Discover it Cashback card gives 5% back in bonus categories that change every three months. It also doubles what you’ve earned at the end of your first year.
The price you pay for no annual fee and cash back is the credit score needed for high approval odds (700+). The one exception is the Discover it Secured 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:
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. There’s 12 months no interest with the Wells Fargo Cash Wise and Amex Blue Cash Everyday cards. Or better yet, 15 months no interest with Capital One Quicksilver. So pick a card based on whatever secondary benefits work best for you.
I think it's the Discover it Cash Back. They match all the cash back you've earned during your first year, so your 5% back will actually be 10%.
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